United Microelectronics Corporation (NEW) (NYSE:UMC) traded at a new 52-week high today of $11.59. This new high was reached on approximately average trading volume as 5.2 million shares traded hands, while the average 30-day volume is approximately 6.5 million shares.
Founded in 1980, UMC is the world's third- largest dedicated chip foundry, with 7% market share in 2020 according to Gartner after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.
Over the past year, United Microelectronics Corporation (NEW) has traded in a range of $3.42 to $11.59 and is now at $11.57, 238% above that low.
United Microelectronics Corporation (NEW) (NYSE:UMC) is currently priced 33.0% above its average consensus analyst price target of $7.76.
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