Latest news with #UnitedMicroelectronics
Bloomberg
10 hours ago
- Business
- Bloomberg
TSMC Shares Trail Smaller Peer UMC After High-Dividend ETF Snub
Taiwan Semiconductor Manufacturing Co. 's stock is lagging smaller rival United Microelectronics Corp. after being brushed aside by some of Taiwan's biggest yield-focused exchange-traded funds. Shares of TSMC, the world's largest contract chipmaker, have dropped 3.7% this year, compared to an 11% gain for UMC, according to data compiled by Bloomberg. UMC's dividend yield of more than 6% has given it substantial exposure to Taiwan's high-dividend ETFs, which collectively manage more than $44 billion in assets, Bloomberg data show.
Yahoo
23-05-2025
- Business
- Yahoo
UMC downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Bruce Lu downgraded UMC (UMC) to Sell from Neutral with a price target of NT$40.50, down from NT$44.50 as part of a broader research note citing 'heightened' appreciation of Taiwan currency vs. US Dollar. The currency mismatch, where UMC's revenues are highly USD-denominated and the majority of its operating costs are based in TWD, will directly erode the company's profitability, the analyst tells investors in a research note. The firm further cites the headwinds of intensifying competition from mainland Chinese peers still remaining as the key downside risk to the company, along with the increasing depreciation, rising costs, and unfavorable FX trend. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on UMC: Disclaimer & DisclosureReport an Issue United Microelectronics to Engage Investors at May Conferences United Microelectronics Reports Capital Reduction and April Sales Growth UMC reports April revenue NT$20.45M, up 3.61% Largest borrow rate increases among liquid names United Microelectronics Announces Financial Statement Discrepancies for 2024 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-03-2025
- Business
- Yahoo
United Microelectronics Stock Pops on Report of Possible GlobalFoundries Deal
United Microelectronics stock jumped on a report that the company is considering a merger with U.S. chipmaker GlobalFoundries. A combined company would have production capabilities in the U.S., Asia, and Europe, the report said. One goal of a deal would be to secure American access to chips amid rising tensions between Taiwan, where United Microelectronics is based, and China, reports of Taiwan-based semiconductor manufacturer United Microelectronics (UMC) surged Monday on reports it would merge with U.S. chipmaker GlobalFoundries (GFS). Such a deal would create a U.S.-based company with production in Asia and Europe, Nikkei Asia reported Monday, citing an assessment plan of the potential combination. The goal would be to ensure American access to chips amid rising tensions between Taiwan and mainland China, the report said. U.S.-traded shares of United Microelectronics jumped about 9% Monday, while GlobalFoundries stock was flat. Neither company responded to Investopedia's request for comment in time for publication. The combined company would reportedly invest in research in development in the U.S., which could position the company as a competitor to Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest chip manufacturer. TMSC recently said it would invest $100 billion in U.S.-based chip manufacturing facilities in an event at the White House. The Trump administration has called ensuring that artificial intelligence chips are designed and manufactured domestically a priority. Read the original article on Investopedia Sign in to access your portfolio
