On September 16, United Microelectronics rose 3.47% in pre-market trading, trading at $22.36/share, with turnover of $1.4996 million, rebounding after a decline of over 3% in the prior session.
On the news front, recent reports indicate that TSMC's CoWoS advanced packaging capacity remains in severe short supply, with the capacity bottleneck now spilling over to alternative foundry and packaging players including United Microelectronics, Amkor, and ASE. The market expects United Microelectronics to benefit from this rising substitution demand. Additionally, the company reported August consolidated net sales of NT$25.045 billion, surging 30.71% year-over-year, marking a continuation of robust revenue momentum. TrendForce data further showed that United Microelectronics achieved a 12.7% quarter-over-quarter revenue increase in Q2, maintaining a 3.9% global foundry market share.
Within the Semiconductors sector, Intel rose 4.95%, Advanced Micro Devices rose 1.35%, Broadcom rose 0.73%, Micron Technology rose 0.72%, and NVIDIA rose 0.48%.
(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.)