TSMC's Rival UMC Reports Lowest Revenue in Almost 4 Months in June - Netizens Say No Longer the 'Second Brother'

Reported about 1 year ago

Taiwanese semiconductor company UMC (2303) reported a June revenue of 17.548 billion NT dollars, a decrease of 10.05% compared to the previous month and 7.91% compared to the same period last year, marking the lowest in almost 4 months. Despite the 0.84% year-on-year revenue increase in the first 5 months of 2024, internet users mentioned that UMC is no longer in comparison to TSMC, with some saying it's now twenty times behind. UMC's stock price experienced fluctuations after announcing a dividend of 3 NT dollars per share, closing at 54 NT dollars and increasing by 2.47% with a trading volume of 109,000 shares. Netizens expressed mixed opinions on the result, with some seeing the current performance as acceptable and others worrying about the company's future.

Source: YAHOO

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