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StockNews.com
StockNews.com
Business
Anushka Dutta

1 Chip Stock to Keep an Eye on as Taiwan Tensions Mount

United Microelectronics Corporation (UMC), headquartered in Hsinchu city, Taiwan, operates as a semiconductor wafer foundry that offers circuit design, mask tooling, wafer fabrication, assembly, and testing services.

Nancy Pelosi’s recent visit to Taiwan has boosted the relationship between the United States and Taiwan. This ruffled some feathers in Beijing, and China conducted a large military drill near Taiwan. The event has also intensified the U.S.-China competition over semiconductor chips.

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