Intel Arizona fab seen 'tracking to plan' amid talks for CHIPs Act funding [Seeking Alpha]
United Microelectronics Corporation (NEW) (UMC)
US:NYSE Investor Relations:
umc.com/english/investors/index.asp
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Source: Seeking Alpha
said, amid talks that the semiconductor giant could receive as much as $10B in funding from the CHIPs Act. "The new Fabs (both adjacent to Fab 42) show substantial progress: vertical structures cover the whole final expected footprint and the movement and storage of construction material in the south part of the lot continues at high pace," UBS analyst Timothy Arcuri wrote in a note. Arcuri has a Neutral rating and $38 price target on Intel. Intel shares rose 2.6% in premarket trading on Tuesday. The plant is likely to start taking in equipment in the second-half of this year, which could result in a "substantial increase" in Intel's wafer fab equipment spending (with even more to come in 2025), though it remains to be seen how fast the new fabs can ramp up as Intel brings production back in house and away from Taiwan Semiconductor ( TSM ), Arcuri said. Arizona is seen as a "key pillar" for Intel's manufacturing strategy after it delayed its $20B Ohio facility earlier this yea
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News
- United Microelectronics Corporation (NYSE:UMC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- UMC Files Form 20-F for 2023 with US Securities and Exchange CommissionBusiness Wire
- United Microelectronics Co. (NYSE: UMC) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating.MarketBeat
- UMC Reports First Quarter 2024 ResultsBusiness Wire
- United Microelectronics: The Worst Seems To Have Passed, Good Time To Jump Back In [Seeking Alpha]Seeking Alpha
UMC
Earnings
- 4/24/24 - Miss
UMC
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 4/24/24 - Form 6-K
- UMC's page on the SEC website