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UNITED MICRO ELECTRONICSUNITED MICRO ELECTRONICSUNITED MICRO ELECTRONICS

UNITED MICRO ELECTRONICS

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United Micro Electronics unveils cost-effective 5G chipsUnited Micro Electronics has recently launched an innovative line of miniaturised, yet economical 5G chips, aiming to penetrate various markets including Internet of Things (IoT) devices, consumer electronics, automotive sectors, and data centres. This initiative is founded on UMC's novel RFSOI (Radio Frequency Silicon on Insulator) platform. The new chip design has achieved a significant reduction in size by more than 45% for a 55-nanometre chip used in 5G applications. This size reduction allows for more chips to be placed on a single wafer, significantly cutting costs without compromising on critical specifications such as the number of supported frequencies and data rates. This development underscores United Micro Electronics' competitive edge in the semiconductor industry. Exploring investment opportunities, here is the technical analysis for United Micro Electronics ADR (NYSE: UMC): In the Daily (D1) timeframe, the stock shows resistance at 8.30 USD and support at 7.40 USD. Currently, the stock is in a global downtrend, but it is noteworthy that the low from mid-October 2022 has not been surpassed, suggesting a potential shift towards an uptrend. For this transition to be confirmed, the stock needs to break through and sustain above the current resistance level. If the downtrend persists, the next price target could be around 6.80 USD. On a rebound from the resistance level at 8.30 USD, you can consider buying with a short-term target at 9.60 USD. In the medium term, the target for holding a long position is 11.80 USD. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:UMC
by RoboMarkets
UMC - Long - Possible Wedge BreakoutPossible wedge breakout. Retest 10.13/10.66-new support levels PT Range 11.00-12.00 9.50 Entry Options buy - Feb 19 2021, $10 Call United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor (CMOS) logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits (ICs), and complementary metal-oxide semiconductor image sensors. The company was founded on May 22, 1980 and is headquartered in Hsinchu, Taiwan.
NYSE:UMCLong
by howtostoptime