Texas power outage hits semiconductor industry: Taiwan’s UMC stock up 1.04%

United Microelectronics Corp (UMC: TWSE 2303) stock rose 1.04% today after power shortages in Texas led to a shutdown in semiconductor manufacturing plants in Austin. The Texas shutdowns will exacerbate the global shortage in semiconductors, the Financial Times reported. Austin’s local electricity supplier Austin Energy told manufacturers to reduce or completely halt operations after a winter storm swept through the state, bringing record low temperatures, snow, and rolling blackouts that left millions of Texans without power. Samsung electronics halted operations

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