United Micro (UMC) has released an update.
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United Microelectronics Corporation (UMC) reported robust financial results for Q3 2024, with a 6.5% increase in revenue to NT$60.49 billion compared to the previous quarter, and a 5% rise in net income, attributed to strong demand for 22/28nm products. The company’s efforts in technology development and strategic partnerships are key to its success, as it continues to expand its manufacturing capabilities and enhance its specialty technology portfolio. UMC remains committed to sustainability, doubling its renewable energy usage in 2023 and setting ambitious targets for the coming years.
For further insights into UMC stock, check out TipRanks’ Stock Analysis page.
