On July 27, United Microelectronics rose 6.01% overnight, trading at $20.03/share, with turnover of $13,600.
On the news front, Intel delivered its strongest growth quarter in nearly 15 years, with data center revenue surging 59% and raised capital expenditure guidance, lifting the broader foundry and semiconductor equipment sectors. Intel is a key customer of United Microelectronics, and its better-than-expected results sent positive signals for wafer demand outlook. Within the Semiconductors sector, Micron Technology rose 2.26%, Intel rose 1.93%, Broadcom rose 1.90%, Advanced Micro Devices rose 1.29%, and NVIDIA rose 1.04%.
The rebound followed a cumulative decline exceeding 18% over prior sessions, suggesting oversold recovery demand resonating with the upcoming earnings catalyst. United Microelectronics is scheduled to report Q2 results on July 29, with consensus expecting revenue of $2.044 billion, up 9.28% year-over-year, and adjusted EPS of $0.15. The company recently achieved mass production of its first silicon photonics wafers at its Singapore fab, supporting next-generation AI infrastructure.
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