Why Are United Microelectronics Shares Trading Higher Today?

United Microelectronics Corp (NYSE:UMC) is the third-largest dedicated chip foundry, with a 7% market share in 2020 as per Gartner after Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) and GlobalFoundries.
As per reports, the UMC aims to hike its prices for the second time for its 28-nm technology in quick succession.
Rival TSM, which decided to keep the 28-nm prices intact, planned a 10% hike for its sub-16nm prices in 2022.
It seems like an opportune moment to raise the prices considering the demand surge aided chip crisis.
Price Action: UMC shares traded higher by 6.55% at $12.52 in the premarket session on the last check Friday.

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United Microelectronics Corp (NYSE:UMC) is the third-largest dedicated chip foundry, with a 7% market share in 2020 as per Gartner after Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) and GlobalFoundries.
As per reports, the UMC aims to hike its prices for the second time for its 28-nm technology in quick succession.
Rival TSM, which decided to keep the 28-nm prices intact, planned a 10% hike for its sub-16nm prices in 2022.
It seems like an opportune moment to raise the prices considering the demand surge aided chip crisis.
Price Action: UMC shares traded higher by 6.55% at $12.52 in the premarket session on the last check Friday.

To add Benzinga News as your preferred source on Google, click here.

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