Latest news with #UnitedMicroelectronicsCorporation
Business Wire
4 days ago
- Business
- Business Wire
UMC Reports Sales for May 2025
TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ('UMC'), today reported unaudited net sales for the month of May 2025. Revenues for May 2025 Period 2025 2024 Y/Y Change Y/Y (%) May 19,480,057 19,509,486 -29,429 -0.15% Jan.-May 97,793,544 93,882,976 3,910,568 4.17% Expand (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages (**) All figures are consolidated Additional information about UMC is available on the web at
Business Wire
08-05-2025
- Business
- Business Wire
UMC Reports Sales for April 2025
TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ('UMC'), today reported unaudited net sales for the month of April 2025. Revenues for April 2025 Period 2025 2024 Y/Y Change Y/Y (%) April 20,454,530 19,741,391 713,139 3.61% Jan.-Apr. 78,313,487 74,373,490 3,939,997 5.30% Expand (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. (**) All figures are consolidated Additional information about UMC is available on the web at
Yahoo
04-05-2025
- Business
- Yahoo
United Microelectronics Corporation (UMC): Among Overlooked Tech Stocks to Buy Now
We recently published a list of . In this article, we are going to take a look at where United Microelectronics Corporation (NYSE:UMC) stands against other overlooked tech stocks to buy now. After overcoming major macroeconomic challenges, the IT sector has started 2025 with fresh vigor. The tech sector is now ready for a resurgence after a period of instability characterized by high inflation, rising interest rates, and worldwide unpredictability. The sector is expected to be 'healthy' or 'very healthy' in 2025, according to 62% of tech executives polled by Deloitte. Global IT spending is expected to increase by 9.3%, driven mostly by double-digit growth in software and data center investments. As companies move AI initiatives from pilot projects to full-scale production deployments, analysts anticipate that generative AI, cybersecurity, and cloud services will continue to be important growth drivers. The rate of layoffs dropped significantly in 2024, indicating growing stability. But new difficulties have surfaced, especially in relation to geopolitical tensions and regulatory barriers. The world economy is already feeling the effects of President Trump's expansive tariff plans, which include additional charges on major tech manufacturing countries like Taiwan, India, and Vietnam that range from 26% to 49%. Although imports of semiconductors, which are essential for the development of AI, have been temporarily exempted, tech companies that rely on international supply chains face new risks as a result of the unstable trade policy climate. Meanwhile, generative AI is proving to be a double-edged sword. While it is projected to contribute 21% to U.S. GDP by 2030, as reported by the World Economic Forum, there are growing concerns about the technology displacing millions of jobs, particularly administrative roles. As the World Economic Forum highlights, the solution lies not in halting AI innovation but fostering 'Authentic Intelligence'—an approach emphasizing the collaboration of human critical thinking with AI's capabilities to ensure inclusive economic growth. Additionally, cybersecurity has become a significant priority on the strategic agenda. As the use of AI increases, so does the attack surface available to hackers. By 2028, it's expected that global spending on cybersecurity will exceed $200 billion, as businesses emphasize bolstering their defenses. However, only 24% of existing gen AI projects are thought to be sufficiently secure, indicating that trust is still a major obstacle to the widespread use of AI. In summary, despite the fact that 2025 holds great promise for the IT industry due to advancements in generative AI, cloud migration, and robust IT investment, businesses still have to deal with a complex web of ethical, geopolitical, and legal issues. Successful companies will strike a balance between daring technological innovation, careful risk management, strategic supply chain diversity, and a dedication to upholding stakeholder and customer confidence. Against this dynamic backdrop, let's look at 10 Overlooked Tech Stocks to Buy Now, which are not only ready to capitalize on upcoming opportunities but may also provide attractive upside potential for investors seeking beyond the conventional mega-cap giants. To find overlooked tech stocks, we started by looking for companies with a market capitalization greater than $5 billion, ensuring a concentration on financially strong, large-cap enterprises. We chose stocks from this category that had a price-to-earnings (P/E) ratio of less than 15, using the P/E ratio as a conventional valuation indicator to highlight relatively affordable earnings-driven stocks. We then evaluated these firms based on hedge fund sentiment, utilizing data from Insider Monkey's fourth quarter 2024 report. Finally, we chose the ten companies with the least number of hedge fund investors to represent our list of Overlooked Tech Stocks to Buy Now. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close-up of a state-of-the-art semiconductor wafer foundry. P/E Ratio: 13.42 Hedge Fund Holders: 18 United Microelectronics Corporation (NYSE:UMC) is a global semiconductor foundry that provides integrated circuit manufacturing and backend services in areas such as mobile, IoT, computing, and automotive. As an underappreciated technology stock, United Microelectronics is gaining traction through controlled operations and smart expansion. In the first quarter of 2025, United Microelectronics Corporation (NYSE:UMC) reported revenue of around $1.85 billion, a 5.9% increase over the previous year. Wafer shipments remained steady sequentially, but up 12% year-over-year, indicating strong demand. However, a one-time pricing adjustment at the beginning of the year, combined with a temporary disruption caused by an earthquake, weighed on results. Gross margin fell to 26.7%, while net income was around $250 million, or $0.02 per share. United Microelectronics Corporation (NYSE:UMC) has a robust financial position, with cash reserves of over $3.17 billion, which positions the company well for future investments and market changes. Key growth areas include the company's 22- and 28-nanometer systems, which currently account for 37% of overall revenue. The 22-nanometer category alone rose by 46% sequentially, owing to applications such as OLED display drivers and WiFi chips. United Microelectronics Corporation's (NYSE:UMC) new Singapore Phase 3 factory is currently being expanded, and it is slated to begin volume production in early 2026. Management also emphasized increased consumer demand in geographically diverse manufacturing in the face of mounting global trade tensions. United Microelectronics Corporation (NYSE:UMC) expects a 5% to 7% increase in wafer shipments in the second quarter, steady ASPs, and a gross margin recovery to about 30%, supporting a cautiously positive stance. Overall, UMC ranks 3rd on our list of overlooked tech stocks to buy now. While we acknowledge the potential of UMC, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UMC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-05-2025
- Automotive
- Yahoo
Is United Microelectronics Corporation (UMC) the Cheap Semiconductor Stock to Buy Now?
We recently published a list of. In this article, we are going to take a look at where United Microelectronics Corporation (NYSE:UMC) stands against other cheap semiconductor stocks to buy now. The semiconductor industry has been experiencing a recent wave of surging demand, technological innovation, and shifting macroeconomic dynamics. According to Deloitte, after a robust performance in 2024, the global semiconductor market is forecasted to grow even further in 2025, with total sales expected to reach an all-time high of $697 billion. This trajectory places the sector firmly on track to meet a great milestone of $1 trillion in annual sales by 2030, for which the sector will require a compound annual growth rate of 7.5% from 2025 onward. By 2040, that figure could potentially double again, underscoring the long-term investment appeal of the semiconductor value chain. The extraordinary demand for generative artificial intelligence (gen AI) processors is a major factor in this growth. The gen AI chip market was initially expected to reach $50 billion, according to Deloitte's 2024 Technology, Media, and Telecommunications Predictions. It greatly exceeded those projections, surpassing $125 billion in 2024 and contributing to more than 20% of worldwide chip sales. A combination of CPUs, GPUs, memory, and data center components is driving the rapid expansion of AI infrastructure, which is expected to drive the semiconductor industry and generate disproportionate profits for market leaders while also changing capital allocation tactics. However, not all corners of the semiconductor landscape have enjoyed AI-level tailwinds. Segments like automotive, analog, and smartphone chips struggled in 2024, hampered by oversupply and subdued end-market demand. Yet, as 2025 unfolds, these verticals are showing signs of recovery. Automotive chips stand to benefit from the ongoing electrification of transport and adoption of advanced driver-assistance systems (ADAS). Analog and IoT-focused semiconductors are gaining renewed investor interest as key markets stabilize. Even the smartphone segment, though slower to rebound, could offer selective upside driven by next-gen device rollouts and operational efficiencies. The current market environment adds a unique layer of complexity—and opportunity. Following a selloff that has rattled tech stocks in early 2025, valuations across the board have compressed, particularly in the AI and high-growth segments. While not yet at the deep-discount levels seen during the 2022 downturn, the recent correction has made many quality names appear far more attractively priced. According to Morningstar, this has opened a window for investors to re-enter or increase exposure to the sector at more reasonable valuations, especially as overvalued concerns give way to strategic re-evaluation. Amid this evolving backdrop, lesser-known and undervalued players in the memory and semiconductor equipment spaces are also beginning to draw attention. Stabilizing demand, improved customer alignment, and increasing relevance in the AI hardware ecosystem are providing the groundwork for a potential re-rating. Meanwhile, investment in automation and IoT technologies continues to climb, highlighting a broader market transition that favors resilience and adaptability. In this article, we identify 10 cheap semiconductor stocks that offer compelling value in today's shifting landscape. But before diving into the list, we outline the methodology used to filter and evaluate these opportunities. For this article, we have screened the most active current semiconductor stocks with a low P/E to arrive at our list of cheap semiconductor stocks to buy now. From there, we picked companies with the highest number of hedge fund investors, as per Insider Monkey's database of Q4 2024. The stocks are ranked in ascending order of their hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points. (). A close-up of a state-of-the-art semiconductor wafer foundry. Number of Hedge Fund Holders: 18 P/E: 11.89 United Microelectronics Corporation (NYSE:UMC), a leading semiconductor foundry based in Hsinchu, Taiwan, provides IC fabrication services across major electronics sectors. Currently, UMC trades in the middle of its 52-week range and below its 200-day moving average, reflecting tempered price momentum. For Q1 2025, revenue stood at $1.76 billion, flat year-over-year but down 5.79% sequentially, impacted by a one-time price adjustment and a Chinese New Year earthquake. Gross margin came in at 26.7%, with net income at $241.18 million. Despite near-term headwinds, wafer shipments grew 12% YoY, lifting Q1 revenue by 5.9% compared to last year. United Microelectronics Corporation (NYSE:UMC) boasts a strong 5-year sales return of over 183% and a 5.68% YTD gain. Recognized for its ESG leadership, UMC secured a 'Top 1%' ranking in the S&P Global Sustainability Yearbook 2025. Strategically, United Microelectronics Corporation (NYSE:UMC)'s partnership with Intel on a collaborative Arizona project shows promising progress, bolstering long-term growth prospects. Analyst sentiment remains mixed for United Microelectronics Corporation (NYSE:UMC) as 33% maintained a Buy rating and 50% maintained Hold, with a median price target of $5.75, suggesting a 16.42% potential downside from the last close ($6.87). Bernstein recently reiterated a Sell rating, targeting $4.80. Overall, UMC ranks 8th on our list of cheap semiconductor stocks to buy now. While we acknowledge the potential of semiconductor stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UMC but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Wire
24-04-2025
- Business
- Business Wire
UMC Files Form 20-F for 2024 with US Securities and Exchange Commission
TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ('UMC'), today filed its 2024 annual report on Form 20-F with the US Securities and Exchange Commission. The report is available at Shareholders may request a hard copy of the Form 20-F free of charge. Please contact UMC-IR at ir@ About UMC UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC's comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC's 12-in and 8-in fabs with its core R&D are in Taiwan, with additional ones throughout Asia. UMC has a total of 12 fabs in production with a combined capacity of more than 400,000 wafers per month (12-in equivalent), and all of them are certified with IATF 16949 automotive quality standards. UMC is headquartered in Hsinchu, Taiwan, plus local offices in the United States, Europe, China, Japan, Korea, and Singapore, with a worldwide total of 20,000 employees. For more information, please visit: Note from UMC Concerning Forward-Looking Statements Some of the statements in the foregoing announcement are forward-looking within the meaning of the U.S. Federal Securities laws, including statements about introduction of new services and technologies, future outsourcing, competition, wafer capacity, business relationships and market conditions. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy; acceptance and demand for products from UMC; and technological and development risks. Further information regarding these and other risks is included in UMC's filings with the U.S. Securities and Exchange Commission. UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
