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United Microelectronics On The Rise

October 15th, 2020 · Comments Off on United Microelectronics On The Rise

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 […]

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Tags: UMC

United Microelectronics Has Big Plans

August 2nd, 2018 · Comments Off on United Microelectronics Has Big Plans

Despite a big earnings beat, the short-term prospects aren’t too exciting as capacity utilization is going to fall back a bit in Q3, and CapEx will ramp up. But we still see longer-term gains as the tailwinds have only temporarily subsided. It is also acquiring 84.5% of a Japanese foundry, which it didn’t own, and […]

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Tags: UMC

United Microelectronics Has An Excellent Long-Term Perspective

April 28th, 2018 · Comments Off on United Microelectronics Has An Excellent Long-Term Perspective

A change in strategy, the backdrop of end-product demand growth and scaling up a facility in China should give the company considerable room to run. This won’t happen immediately though. But in the meantime, you can enjoy the 3%+ dividend yield. Source: United Microelectronics Has An Excellent Long-Term Perspective – United Microelectronics Corporation (NYSE:UMC) | […]

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Tags: UMC