On August 12, United Microelectronics rose 5.02% in pre-market trading, trading at $19.83/share, with turnover of $5.93 million.

The rise comes amid a confluence of positive catalysts. The company reported July consolidated net sales of NT$23.84 billion, up 19% year-over-year, extending its growth trajectory. Its previously reported Q2 results significantly beat expectations, with EPS of $0.54 far surpassing the consensus estimate of $0.15, representing a 260% beat, while revenue of $2.176 billion also exceeded the $2.060 billion estimate. Wafer shipments grew 10.6% quarter-over-quarter with capacity utilization reaching 85%.

Additionally, on August 11, United Microelectronics completed the cancellation of approximately 6.9 million forfeited restricted shares, reducing paid-in capital to about NT$125.7 billion and optimizing its capital structure. The board has also approved approximately $5 billion in capital expenditure for capacity expansion at its Singapore and Tainan facilities, targeting AI and edge computing demand including silicon photonics and advanced packaging technologies.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)