Premarket Movers | UMC Rises Over 6% as TSMC Scales Back 28nm Capacity

Tiger Newspress

06/24

United Microelectronics rose more than 6% in U.S. pre-market trading Wednesday. People familiar with the matter said TSMC has reduced its 28-nanometer wafer-start capacity by more than 25% since the beginning of the year as part of a node reallocation strategy, prompting some customers to divert their 28nm orders to UMC.

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