On May 28, United Microelectronics (UMC) rose 3.08% in regular trading, trading at $22.93/share, with trading volume of $146 million.

On the news front, UMC recently held its annual shareholder meeting where CFO Liu Qidong announced the company will implement selective price hikes in the second half of this year, citing elevated costs from its Singapore fab expansion. Management further indicated that more comprehensive price adjustment negotiations with customers are planned for 2027. The pricing initiative comes amid a broader wafer foundry repricing cycle, with industry peers also raising quotes.

The stock continues to build on momentum from its Q1 earnings report, which showed net profit surging 108% year-over-year to NT$16.17 billion, significantly exceeding market expectations. Gross margin reached 29.2% with capacity utilization improving to 79%. Average selling prices rose 8% YoY in Q1, with Q2 projected to increase a further 5-7%, potentially pushing gross margins above 30%. Additionally, the company acquired approximately NT$1.03 billion in Tokyo Electron equipment for production capacity expansion, reinforcing confidence in its growth trajectory.

(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.)