Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
United Micro ( (UMC) ) has issued an announcement.
UMC has announced the acquisition of machinery and equipment from Intel Corporation, marking a significant investment in its research and development capabilities. This transaction, valued at NT$1,856,907,501, underscores UMC’s commitment to enhancing its operational capabilities and maintaining its competitive edge in the semiconductor industry. The acquisition is expected to support the company’s technological advancements and bolster its market positioning.
More about United Micro
United Microelectronics Corporation (UMC) is a prominent player in the semiconductor industry, specializing in providing advanced integrated circuit foundry services. The company is known for its focus on high-performance and energy-efficient semiconductor solutions catered to various market segments, including consumer electronics, automotive, and industrial applications.
YTD Price Performance: -17.86%
Average Trading Volume: 11,678,879
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.75B
For an in-depth examination of UMC stock, go to TipRanks’ Stock Analysis page.
