- United Microelectronics Corp UMC is the third-largest dedicated chip foundry, with a 7% market share in 2020 as per Gartner after Taiwan Semiconductor Manufacturing Co Ltd TSM and GlobalFoundries.
- As per reports, the UMC aims to hike its prices for the second time for its 28-nm technology in quick succession.
- Rival TSM, which decided to keep the 28-nm prices intact, planned a 10% hike for its sub-16nm prices in 2022.
- It seems like an opportune moment to raise the prices considering the demand surge aided chip crisis.
- Price Action: UMC shares traded higher by 6.55% at $12.52 in the premarket session on the last check Friday.
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