US Stock Market Move | United Microelectronics Corp. Sponsored ADR (UMC.US) surged more than 11% with Q1 net profit increasing by 108% year on year.

On Wednesday, United Microelectronics Corp. Sponsored ADR (UMC.US) saw a sharp increase of over 14% at one point during trading, and as of the time of writing, it had risen over 11%, reaching $12.97. On the news front, United Microelectronics Corp. Sponsored ADR announced first-quarter revenue of NT$61.04 billion (approximately US$1.93 billion), exceeding expectations by $10 million, a year-on-year increase of 5.5%; net profit was NT$16.17 billion, a year-on-year increase of 108%. In its financial statement, United Microelectronics Corp. Sponsored ADR stated that as it enters the second quarter, demand in the communication sector is recovering, coupled with steady demand in the computer, consumer electronics, and industrial markets, it is expected that wafer shipments will remain strong. Recently, United Microelectronics Corp. Sponsored ADR has notified its customers of a price increase, announcing a wafer price adjustment in the second half of 2026. The company expressed that demand in the communication, industrial, consumer electronics, and AI-related sectors remains strong, driving a continued tightening of the overall product portfolio's corresponding capacity environment, showing an increasingly tight situation. To support customer demand, the company continues to enhance manufacturing efficiency and invest in technology and capacity to ensure stable and high-quality wafer supply; coupled with simultaneous increases in raw material, energy, and logistics costs, it is necessary to re-evaluate the price structure.