- The Q1 numbers from UMC were arguably the finest yet and there is reason to believe the Q2 ones could be even better.
- Valuations for UMC are drawing interest, especially when combined with the pace of growth, but that’s partially due to a big drop in the stock.
- UMC itself is doing well, but there are a number of other issues that are having an adverse impact on the stock.
- Long UMC has its merits, but they’re offset by unresolved issues that are likely to make it difficult for the stock in 2022.
For further details see:
United Microelectronics: Caught Between Headwinds And Tailwinds