• UMC is trading 4% up now at $26.61 as the company announced the completion of its 22nd share buyback plan today.
  • The buyback saw UMC repurchase over 30 million shares, providing a company-specific positive catalyst amidst a broader rebound in semiconductor and tech names.
  • This recovery follows last week's sharp pullback in the sector, with underlying sentiment also supported by improving foundry fundamentals.