- The company has done very well since our last inspection. It has mastered the art of ROI-focused decision-making.
- There is a secular tailwind with ever more silicon going into ever more stuff. Industry supply and demand balance matters for capacity utilization.
- This matters for capacity utilization and ASPs, and is not under management’s control.
- Given the recent rise in the shares, we think they’re due for a breather.
United Microelectronics On The Rise
October 15th, 2020 · No Comments