UMC Stock Recent News

United Microelectronics stock fell 5% after Citibank downgraded it from buy to sell, citing gross margin weakness and competitive pressures. The company reported lower-than-expected earnings for Q4, driven by lower gross margins and non-operating income expenses. Despite challenges, UMC maintains a strong cash position and plans to continue a strong dividend policy.

UMC's Q4'24 results were modestly disappointing, with a small operating miss driven by gross margin pressures, and 2025 guidance that was better than bears feared, but not thesis-changing. Demand should recover in 2025 as inventories have been run down across multiple markets (auto, consumer, industrial, wireless, et al), but pricing remains a risk. UMC's advanced packaging capabilities are a solid positive driver, as is the possibility of increased protectionism driving more volumes to their non-Chinese fabs.

United Microelectronics Corporation (NYSE:UMC ) Q4 2024 Earnings Conference Call January 21, 2025 4:00 AM ET Company Participants Michael Lin - Head of Investor Relations Jason Wang - President Chitung Liu - Chief Financial Officer Conference Call Participants Sunny Lin - UBS Gokul Hariharan - JPMorgan Brad Lin - Bank of America Merrill Lynch Charlie Chan - Morgan Stanley Bruce Lu - Goldman Sachs Jason Zhang - CLSA Operator Welcome everyone to UMC's 2024 Fourth Quarter Earnings Conference Call. All lines have been placed on mute to prevent background noise.

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC” or “The Company”), a leading global semiconductor foundry, today announced its consolidated operating results for the fourth quarter of 2024. Fourth quarter consolidated revenue was NT$60.39 billion, decreasing 0.2% from NT$60.49 billion in 3Q24. Compared to a year ago, 4Q24 revenue increased 9.9%. Consolidated gross margin for 4Q24 was 30.4%. Net income attributable to the shareholders of the pa.

While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

MENLO PARK, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading provider of highly accurate long-read sequencing solutions, announced a significant publication from Radboud University Medical Center (Radboudumc) and its research partners in the American Journal of Human Genetics. The study demonstrates the impact of PacBio's HiFi long-read sequencing technology in identifying genetic causes of rare diseases, illustrating the feasibility of potentially replacing multiple diagnostic tests with a single, more comprehensive approach.

HSINCHU, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303)(“UMC”), a leading global semiconductor foundry, today announced that its flagship Fab 12A in Tainan, Taiwan has been selected for the World Economic Forum's Global Lighthouse Network, a group of 189 sites identified as exemplars in leveraging Fourth Industrial Revolution (4IR) technologies to enhance operational productivity, efficiency, and sustainable manufacturing. Fab 12A, UMC's largest production.

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of December 2024. Revenues for December 2024 Period 2024 2023 Y/Y Change Y/Y (%) December 18,965,818 16,979,226 1,986,592 11.70% Jan.-Dec. 232,302,584 222,533,000 9,769,584 4.39% (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. (**) All figures are consolidated Additional information about UMC is available on the.

Investors interested in Electronics - Semiconductors stocks are likely familiar with United Microelectronics Corporation (UMC) and GlobalFoundries Inc. (GFS). But which of these two stocks offers value investors a better bang for their buck right now?

CLPR, UMC and CRD.B made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 9, 2024.