Page 15 - Microelectronics Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Magnite, UMC, and Baozun could all rebound to double-digit prices.

Taipei, May 9 (CNA) Shares in Taiwan took a beating Monday as the benchmark weighted index fell to its lowest point in almost one year as market sentiment remained worried over more rate hikes by the U.S. Federal Reserve, dealers said.

Taipei, May 3 (CNA) Shares in Taiwan ended lower Tuesday as investors remained cautious over the potential for further volatility on American markets ahead of a two-day U.S. Federal Reserve meeting beginning later Tuesday, dealers said.

Taipei, April 27 (CNA) Shares in Taiwan tumbled by more than 2 percent Wednesday following steep losses on American markets overnight amid concerns that higher interest rates and surging inflation could hurt the global economy, dealers said.

United Microelectronics Co (UMC, 聯電), the world’s No. 2 foundry service provider, yesterday posted record net profit for last quarter, as growing demand for automotive, server and networking chips helped offset weakness in the smartphone and notebook computer segments due to China’s lockdowns. Orders for automotive, server and networking chips accounted for more than 20 percent of UMC’s revenue, it said. Net profit last quarter soared about 90 percent to NT$19.81 billion (US$673.9 million) from NT$10.43 billion a year earlier and gained 24.2 percent from NT$15.95 billion the previous...