Why Are United Microelectronics Shares Trading Higher Today?
Tiger Newspress2021-09-03
United Microelectronics shares surged nearly 6% in early trading.
- United Microelectronics Corp is the third-largest dedicated chip foundry, with a 7% market share in 2020 as per Gartner after Taiwan Semiconductor Manufacturing Co Ltd and GlobalFoundries.
- As per reports, the UMC aims to hike its prices for the second time for its 28-nm technology in quick succession.
- Rival TSM, which decided to keep the 28-nm prices intact, planned a 10% hike for its sub-16nm prices in 2022.
- It seems like an opportune moment to raise the prices considering the demand surge aided chip crisis.
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