In section Market Quotes

United Microelectronics Shares Surge Following June Sales Spike

A 7.8% midday climb pushed United Microelectronics shares to $26.49 on Monday, marking the latest milestone in a rally that has seen the stock value triple since January. Investors reacted sharply to the company’s latest financial disclosure, which confirms a significant acceleration in monthly revenue growth for the semiconductor manufacturer.

United Microelectronics Shares Surge Following June Sales Spike

The company reported June sales of 23.12 billion New Taiwan Dollars, equivalent to $722.1 million, representing a 23% increase. This monthly performance bolsters the firm’s broader fiscal trajectory, as total sales for the first half of the year reached 129.77 billion New Taiwan Dollars. This six-month figure reflects a steady 11% year-over-year growth trend for the chipmaker.

Share:on TelegramXFacebook

Subscribe to our newsletter

Once a week — the best stories from our editors, no ads or push notifications. Delivered Sunday morning.

Comments (0)

Leave a comment

No comments yet. Be the first!