On September 17, United Microelectronics rose 3.11% in pre-market trading, trading at $23.25/share, with turnover of $371,200, extending the prior session's upward momentum.
On the news front, recent reports indicate that TSMC's CoWoS advanced packaging capacity remains in severe shortage, with the bottleneck now overflowing to foundry and packaging peers including United Microelectronics, Amkor, and ASE. The market expects United Microelectronics to benefit from this substitution-driven demand growth. Meanwhile, the company reported August consolidated net sales of NT$25.045 billion, surging 30.71% year-over-year, while cumulative revenue for the first eight months reached NT$178.659 billion, up 14.66% year-over-year. TrendForce data also showed United Microelectronics posted a 12.7% quarter-over-quarter revenue increase in Q2, maintaining a 3.9% market share in the global foundry space.
Within the Semiconductors sector, individual stocks broadly advanced, with Intel up 3.06%, Advanced Micro Devices up 2.65%, Micron Technology up 1.96%, Broadcom up 1.40%, and NVIDIA up 1.32%.
(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.)