Movement Alert|United Microelectronics Rises 3.57% in Pre-Market Trading, August Revenue Surges 30.71% YoY Accelerating from Prior Month

Market Focus
Sep 08

On September 8, United Microelectronics rose 3.57% in pre-market trading, trading at $21.62/share, with turnover of $119,200.

On the news front, United Microelectronics recently disclosed unaudited August revenue data, reporting monthly net sales of NT$25.045 billion, a sharp 30.71% year-over-year increase from NT$19.16 billion in the same period last year. Notably, the growth rate accelerated significantly from July's 19% pace. On a cumulative basis, the first eight months of consolidated net sales reached NT$178.659 billion, up 14.66% year-over-year. The robust revenue momentum reflects ongoing recovery in mature-node orders across power management, sensors, and AI peripheral chips.

In addition, the company completed a NT$4.79 billion convertible bond offering, with proceeds earmarked for capital expenditure and capacity expansion. United Microelectronics is also collaborating with Intel on 12-nanometer process development, reinforcing its medium- to long-term growth outlook. Yuanta Securities recently upgraded the stock to Buy with a price target of NT$125, while the broader analyst consensus assigns a mean target of NT$137.03.

(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.)

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