Great Wall News, July 8th | UMC, a major semiconductor foundry, rose 1.19% before the market to $8.48. UMC's net sales in June decreased by 7.91% YoY to NT$17.548 billion (approximately RMB 3.93 billion); in the first six months of 2024, the company's net sales increased by 0.84% YoY to NT$111.431 billion. UMC has stated that the industry outlook is climbing out of a trough and will continue to grow slightly in the second quarter, and overall demand in the second half of the year will be better than in the first half. In terms of market application areas, automotive and industrial semiconductors are experiencing short-term weakness but maintaining growth in the medium and long term. The communication and consumer markets will be better in the second half of the year than in the first half.
美股异动丨联电盘前涨超1% 上半年净销售额同比增长0.84%
US Stocks Abnormal Movement: United Microelectronics up more than 1% in pre-market trading with a YoY increase of 0.84% in net sales for the first half of the year.
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