NYSE:UMC - New York Stock Exchange, Inc. - US9108734057 - ADR - Currency: USD
13 large-cap stocks fell last week, including FTAI, EA, and ERIC. Reasons include delayed filings, financial results, and analyst downgrades.
UMC is betting on capacity expansion and innovation to drive its growth in the future, including catering to the demand for artificial intelligence-optimized chips.
UMC reported Q4 2024 revenue of $1.84B, missing analyst estimate. Q1 outlook: flat wafer shipments, lower ASP. UMC continues investing in innovation.
UMC stock results show that United Microelectronics beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.
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