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Even though investors have been rotating away from tech stocks with the economy’s gradual recovery, the industry is well positioned to resume its rally due to the rising demand for cloud computing, artificial intelligence (AI) and 5G-enabled products and services. So, we think it could...
With production backlogs forming due to the disruptive nature of COVID-19, the industries depending on an uninterrupted supply chain of semiconductors are feeling the pain. In this piece, we’ll discuss both the reasons for the underlying shortages and how securing semiconductor...
Qualcomm (QCOM) has reportedly reached a six-year capacity commitment deal with UMC (UMC) as the Taiwan foundry adds capacity in response to the global chip shortage.DigiTimes sources say Qualcomm is among a group of eight UMC customers that are helping fund the capacity add through prep...
United Microelectronics ([[UMC]] +4.1%), China's SMIC (SMICY), and GlobalFoundries are among the foundries expected to again raise price quotes due to the capacity shortages for 8- and 12-inch fabs, according to DigiTimes sources.The Q3 price increase will reportedly be higher than the increa...
The bull case for UMC still has merits, especially with earnings per share more than quadrupling in the latest quarterly report. People have been scratching their heads as to why UMC has been so conservative when it comes to expanding, even though UMC may be wise in doing so. Ther...
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Rising COVID-19 cases in Taiwan prompted shutdowns in Taipei and New Taipei over the weekend. The nation, considered to have one of the best global responses to the pandemic, reported 206 new cases on Sunday, which was a new record high. Taiwan is home to some of the world's largest semicondu...
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Pure-play foundry plays like United Microelectronics Corporation are turning out to be beneficiaries of the chips supply crunch which has adversely impacted automakers. However, history shows that after being in the sweet spot, there can be pain points. In this case, compared to i...
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2024-07-05 05:06:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of June 2024. Revenues for June 2024 (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. (**) All figures are consolida...