On September 9, United Microelectronics rose 3.07% overnight, trading at $22.49/share, with turnover of $3.6465 million. The stock continued its upward momentum following the release of strong August revenue data.
According to recently disclosed unaudited figures, United Microelectronics posted August net sales of NT$25.045 billion, representing a 30.71% year-over-year surge from NT$19.16 billion in the same period last year. Notably, the growth rate accelerated significantly from July's 19% pace. On a cumulative basis, the company's first eight months of consolidated net sales reached NT$178.659 billion, up 14.66% year-over-year. Additionally, the company has completed a NT$4.79 billion (approximately $150 million) convertible bond offering, with proceeds earmarked for capital expenditure and capacity expansion. United Microelectronics is also collaborating with Intel on 12-nanometer process development, reinforcing its medium-to-long-term growth trajectory.
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