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StockNews.com
StockNews.com
Business
Anushka Dutta

1 Chip Stock to Get Bullish on Right Now

Headquartered in Hsinchu City, Taiwan, United Microelectronics Corporation (UMC) operates internationally as a semiconductor wafer foundry. The company serves fabless design companies and integrated device manufacturers. 

Despite slowing global semiconductor sales, UMC’s net sales for October increased 27.1% year-over-year to NT$24.34 million ($785.10 thousand). Moreover, from January to October, the company’s net sales increased 35.9% year-over-year to NT$235.21 million ($7.59 million).

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