Movement Alert|UMC Rises 3.07% in Regular Trading, Selective Price Hikes in H2 and Q1 Profit Surge Continue to Drive Momentum

Market Focus06-01 21:35

On June 1, UMC rose 3.07% in regular trading, trading at $22.69/share, with trading volume of $24.62 million. The stock has maintained upward momentum over recent sessions, supported by a combination of strong earnings and pricing catalysts.

On the news front, UMC recently held its annual general meeting where CFO Liu Chi-Tung announced that the company will implement selective price increases in the second half of this year due to elevated expansion costs at its Singapore fab, with broader price adjustments planned for discussions with customers in 2027. Meanwhile, the company's Q1 net profit surged 108% year-over-year to NT$16.17 billion, significantly exceeding market expectations, with gross margin reaching 29.2% and capacity utilization improving to 79%. Q1 average selling prices rose 8% year-over-year, with Q2 ASPs expected to increase a further 5% to 7%. Additionally, the company invested approximately NT$1.03 billion in Tokyo Electron equipment to support capacity expansion, reinforcing market confidence in its growth trajectory.

(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.)

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