United Microelectronics (UMC) Stock

United Microelectronics has made an agreement with Fengmiao I Offshore Wind Farm, which supports its goal of achieving net-zero emissions. The company aims to reduce its emissions by 42% by the year 2030.

HSINCHU, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) has announced a Corporate Power Purchase Agreement (CPPA) with Fengmiao I Offshore Wind Farm, which is developed by Copenhagen Infrastructure Partners' main fund, CI V. UMC plans to buy over 30 billion kilowatt-hours of energy from Fengmiao I for at least 30 years, making it the biggest renewable energy deal in the company's history. This agreement will support UMC's commitment to sustainability.

HSINCHU, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303)(“UMC”), a prominent global semiconductor foundry, has announced that it has been included in the Dow Jones Sustainability Indices (DJSI) World Index for the 17th year in a row and in the Emerging Markets Index for the eighth time. More than 3,500 large companies took part in the 2024 DJSI sustainability performance evaluation, with only the top 10% from each industry being chosen.

HSINCHU, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303)(“UMC”), a top semiconductor foundry, recently hosted its Low-Carbon Supply Chain Awards Ceremony, honoring 16 suppliers for their efforts in cutting down greenhouse gas emissions. In 2022, UMC started its Supply Chain Greenhouse Gas Inventory Initiative to help suppliers track and lower their emissions. Since then, UMC's suppliers around the world have made significant progress.

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”) has announced its unaudited net sales for November 2024. The revenue for November 2024 was NT$20,049,182, which is an increase of 6.71% compared to NT$18,787,670 in November 2023. For the period from January to November, the total revenue reached NT$213,336,766, showing a growth of 3.79% from NT$205,553,774 in the same period last year.

United Microelectronics is dealing with tough competition and challenges from currency fluctuations, but its growing range of products and solid partnerships in the semiconductor industry provide opportunities for growth.

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”) has announced its unaudited net sales for October 2024. The revenue for October 2024 was NT$21,371,110, which is an increase of NT$2,179,728 or 11.36% compared to October 2023. For the period from January to October, the total revenue reached NT$193,287,584, showing a growth of NT$6,521,480 or 3.49% year-on-year.

United Microelectronics (UMC) could see an increase in its stock price due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #1 (Strong Buy).

Investors looking at Electronics - Semiconductors stocks probably know about United Microelectronics Corporation (UMC) and GlobalFoundries Inc. (GFS). However, which of these two stocks currently provides better value for investors?