Reported about 1 year ago
UMC (1560) benefited from a one-time testing of wafer from customers in May, with consolidated revenue reaching NT$6.1 billion, a 13.1% monthly increase and a 12.4% yearly increase. The company is expected to perform well in the second quarter; in the second half of the year, with the mass production of 3nm chips by a major client, the shipment of diamond discs is expected to grow by over 40%. UMC's stock price continued to rise on the 1st, closing at NT$345, up 5.18%, hitting a new high. The short and long-term moving averages are turning upward, showing a clear bullish trend, with moderate overall trading volume. With the continuous advancement of customers in cutting-edge processes, UMC collaborates closely with them, with institutions optimistic about the customization opportunities in diamond discs and the introduction of new technologies for 2nm in the back-end supply of wafers bringing simultaneous increases in quantity and price.
Source: YAHOO