United Micro ( (UMC) ) has issued an update.

UMC has approved a capital budget execution plan with an investment of NT$ 18,498 million aimed at capacity deployment. This decision underscores the company’s strategic focus on expanding its operational capabilities. Additionally, UMC has entered into a landmark 30-year Corporate Power Purchase Agreement with Fengmiao Wind Power Co., Ltd., marking the largest renewable energy transaction in its history. This agreement supports UMC’s ambitious renewable energy goals, contributing to its roadmap of achieving net zero emissions by 2050 and demonstrating its commitment to sustainable development and carbon reduction.

More about United Micro

United Microelectronics Corporation (UMC) is a leading global semiconductor company, focusing on the production of integrated circuits for a variety of industries. It is committed to sustainable development and achieving net zero emissions, with a significant focus on renewable energy and carbon reduction.

YTD Price Performance: -21.92%

Average Trading Volume: 11,650,211

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $16.39B

For detailed information about UMC stock, go to TipRanks’ Stock Analysis page.