UMC's June revenue reached NT$23.125 billion, marking a 0.79% month-on-month increase and a 22.8% year-on-year increase, achieving a 44-month high. The company's Q2 consolidated revenue hit NT$68.733 billion, up 12.6% quarter-on-quarter and 16.97% year-on-year, setting a 15-quarter record. A local institutional investor raised UMC's target price, citing optimism around its silicon photonics and Intel collaboration.
UMC's strong revenue growth, driven by silicon photonics and Intel collaboration, indicates increasing demand for specialized foundry capacity for AI infrastructure.