- As the pace of worldwide 5G adoption quickens, utilization rates across UMC foundries are expected to remain above 96% in 2021 and beyond.
- Rising demand, coupled with supply constraints, provide a constructive framework for attractive ASPs for the foreseeable future.
- United Microelectronics Corporation's improving margins are helping to offset currency translation headwinds resulting from a strengthening Taiwan dollar.
- I'm "Very Bullish" on the shares of UMC, with a current five-year price target of $10.80. I hold the stock in the Gunderson Ultra Growth Portfolio and may soon add a position in our Dividend and Growth Portfolio.
For further details see:
United Microelectronics: Accelerating Pace Of 5G Rollout Provides Earnings And Dividend Stability