Why Are United Microelectronics Shares Trading Higher Today?_老虎社区_美港股上老虎

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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