United Micro ( (UMC) ) has shared an announcement.
On April 1, 2025, United Microelectronics Corporation (UMC) issued a clarification regarding a report by Economic Daily News suggesting a potential merger between UMC and GlobalFoundries, which led to a surge in UMC’s ADR price. UMC stated that it does not comment on speculative reports or market rumors, indicating no further action or confirmation on the merger speculation.
More about United Micro
United Microelectronics Corporation (UMC) is a prominent player in the semiconductor industry, primarily focusing on the production of integrated circuits and other related services. The company is headquartered in Hsinchu, Taiwan, and operates within the global market for semiconductor manufacturing.
YTD Price Performance: 9.49%
Average Trading Volume: 14,160,130
Technical Sentiment Signal: Sell
Current Market Cap: $16.84B
See more insights into UMC stock on TipRanks’ Stock Analysis page.