联电(UMC.US)盘前涨7.4%，报8.72美元。消息面上，联电公布2025年12月自结合并营收为192.8亿新台币，同比增长1.66%；第四季合并营收为618.09亿新台币，环比增长4.54%、同比增长2.36%，创近3年高、刷新历史第五高位。2025年全年合并营收为2375.53亿新台币，同比增长2.26%，再度刷新历史次高位。 展望2026年，联电预期首季仍有淡季影响，晶圆售价仍与客户协商中，考量成熟制程产业稼动率回升且价格趋稳，预期平均售价(ASP)降幅有限。目前终端需求维持稳定，半导体库存水平健康，对营运恢复成长正向看待，毛利率有望回升。(格隆汇)
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