2024-06-08 04:41:28 ET
Summary
- UMC recently announced the latest dividend, which came as a pleasant surprise since it was higher than expected.
- The charts show the stock is close to a price level it has seen several times before, and buyers may want to take note of what happened next.
- UMC got eclipsed by SMIC for the number two spot among pure-play foundries, and shareholders should not expect change soon.
- Some might argue SMIC represents a headwind for UMC, but the impact on UMC is likely to be nuanced for various reasons.
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For further details see:
United Microelectronics Corporation: The Foundry Market Is Changing