Movement Alert|United Microelectronics Rises 3.51% Overnight, CoWoS Capacity Overflow and Strong Revenue Drive Continued Rally

Market Focus
Sep 17

On September 17, United Microelectronics rose 3.51% overnight, trading at $23.32 per share with turnover of $975,300, extending the prior session's 3.68% intraday gain.

On the news front, TSMC's CoWoS advanced packaging capacity continues to face severe supply shortages, with the production bottleneck now spilling over to foundry and packaging peers including United Microelectronics, Amkor, and ASE. The market expects United Microelectronics to capture incremental demand from this substitution effect. Meanwhile, the company reported August consolidated net sales of NT$25.045 billion, surging 30.71% year-over-year, while cumulative revenue for the first eight months climbed 14.66% year-over-year to NT$178.659 billion. TrendForce data also showed United Microelectronics posted a 12.7% quarter-over-quarter revenue increase in Q2, maintaining a 3.9% market share in the global foundry space.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10