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Stock impact report

United Microelectronics (UMC) Touches 3-Year high on New Memory Development [Yahoo! Finance]

United Microelectronics Corporation (NEW) (UMC) 
US:NYSE Investor Relations: umc.com/english/investors/index.asp
Company Research Source: Yahoo! Finance
United Microelectronics jumped to a new three-year high on Tuesday, as investors took heart from the successful development of a superflash memory capable of working reliably in extreme conditions. At intra-day trading, the stock surged to its highest price of $10.93 before trimming gains to finish the session just up by 15.91 percent at $10.78 apiece. Photo by Karolina Grabowska from Pexels In a statement, United Microelectronics Corp. (NYSE:UMC) said that it has completed, alongside Silicon Storage Technology (SST), the full qualification and release to production of the latter's embedded SuperFlash Gen 4 (ESF4) with full automotive grade 1 (AG1) capability on UMC's 28HPC+ foundry process platform. United Microelectronics Corp. (NYSE:UMC) said that they developed the ESF4 in a bid to deliver enhanced embedded non-volatile memory (eNVM) performance and demonstrated reliability for automotive controllers while simultaneously significantly reducing the number of additional mas Show less Read more
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