On July 6, United Microelectronics (UMC) rose 4.93% in pre-market trading, trading at $25.56/share, with turnover of $138,600.
On the news front, UMC reported June sales of NT$23.12 billion (approximately $721.4 million), up 23% year-over-year. For the January-to-June period, cumulative sales rose 11% to NT$129.77 billion. The strong monthly revenue data signals improving demand fundamentals for the foundry.
Additionally, the semiconductor sector staged a broad rebound following the previous session's sharp sell-off, in which the Philadelphia Semiconductor Index plunged over 6%. Sector peers Micron Technology gained 3.34% and Intel rose 3.36%, providing systemic upward momentum. Meanwhile, the widely reported collaboration between Intel and UMC on jointly developing 3nm and 12nm process technologies at Intel's Arizona facility continues to support sentiment. Nearly 20 analog and power semiconductor companies also initiated a new round of price hikes starting July 1, further reinforcing expectations of an industry upcycle.
(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.)