UMC Anticipates Resilient Demand and Plans Price Hike Amid Market Challenges
Taiwanese chipmaker UMC expects resilient demand despite challenges from memory chip shortages and the Iran war, and plans to raise prices in the second half of 2026. The company reported a 5.5% increase in first-quarter revenue and a 108% rise in net income. UMC's shares have risen 51% this year, outperforming the broader market.
Tickers: $UMC
Topics: earnings report market demand price adjustments semiconductor industry supply chain issues