Movement Alert|United Microelectronics Rises 3.07% Overnight, August Revenue YoY Growth Accelerates to 30.71%

Market Focus
Yesterday

On September 9, United Microelectronics rose 3.07% overnight, trading at $22.49/share, with turnover of $3.6465 million. The stock continued its upward momentum following the release of strong August revenue data.

According to recently disclosed unaudited figures, United Microelectronics posted August net sales of NT$25.045 billion, representing a 30.71% year-over-year surge 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 company's first eight months of consolidated net sales reached NT$178.659 billion, up 14.66% year-over-year. Additionally, the company has completed a NT$4.79 billion (approximately $150 million) 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 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10