🔴 United Microelectronics is trading 6.02% down today amid a broader semiconductor rout and TSMC capex concerns

United Microelectronics is trading at $19.97 (-6.02%) as a sharp semiconductor rout carries over from the previous session.

• The stock is being pressured by broader chip-sector weakness tied to TSMC’s higher capital-spending forecast and mounting concerns regarding AI valuations.
• The decline occurs despite a positive monthly update, with June revenue rising 22.85% year-over-year to NT$23.12 billion.