On June 5, United Microelectronics (UMC) rose 3.08% in pre-market trading, trading at $21.5/share, with trading volume of $319,500. The stock continues to gain momentum amid a global wafer foundry price hike wave and strong quarterly earnings.

On the news front, the global wafer foundry industry is experiencing accelerating price increases. Following TSMC's announcement of up to 15% price hikes on 3nm, UMC confirmed selective price increases of approximately 10% in the second half, with broader adjustments planned for next year. CFO Liu Qidong cited rising expansion costs at the Singapore fab as a key driver. Meanwhile, UMC's Q1 net profit surged 108% year-over-year to NT$16.17 billion, with gross margin reaching 29.2% and average selling prices up 8% YoY, with Q2 ASP expected to rise an additional 5%-7%.

Notably, UMC is outperforming the broader semiconductor sector, where peers are under pressure: Micron Technology down 3.27%, NVIDIA down 1.22%, Broadcom down 1.58%, Marvell Technology down 2.79%, and AMD down 2.65%.

(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.)