On August 28, United Microelectronics rose 7.71% in regular trading, trading at $20.5/share, with turnover of $19.09 million.

On the news front, the company's board approved the issuance of up to $1.8 billion in unsecured overseas convertible bonds, to be issued in two tranches with a tentative tenor of up to five years and a coupon rate of 0%. Proceeds will be used for purchasing machinery and equipment as well as factory construction. This move extends the company's previously approved approximately $5 billion capital expenditure budget for capacity expansion at its Singapore Phase 4 facility and Tainan campus in Taiwan, targeting growing demand from AI and edge computing applications.

Fundamentally, United Microelectronics reported Q2 EPS of $0.54, beating the consensus estimate of $0.15 by 260%, while July revenue grew 19% year-over-year to NT$23.84 billion. The company's capacity utilization rate rose to 85% in Q2 as wafer shipments increased 10.6% sequentially, reflecting sustained improvement in mature-node demand driven by communications, consumer electronics, and AI peripheral chips.

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