On July 1, UMC fell 3.12% overnight, trading at $26.36/share, with turnover of $296,500. The decline came amid broad-based weakness across the semiconductor sector, with Micron Technology down 1.37%, NVIDIA down 0.73%, Intel down 0.76%, AMD down 0.43%, and Marvell Technology down 1.68%.
The pullback follows a strong session on June 30 when UMC surged as much as 5% on news that nearly 20 analog and power semiconductor companies were set to initiate a new round of price increases starting July 1, driven by wafer foundry and raw material cost pass-through combined with surging AI data center power chip demand. UMC, as a major global wafer foundry, was seen as a direct beneficiary of the pricing upcycle.
However, following the recent sharp rally fueled by Intel collaboration rumors on 3nm and 12nm process development and TSMC 28nm capacity reallocation expectations, profit-taking pressure has intensified. UMC previously stated it does not comment on speculative reports, leaving uncertainty around cooperation specifics.
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