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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UMC announces net sales for January up slightly from December

Semiconductor manufacturer UMC (NYSE: UMC; TWSE: 2303) released its January sales performance today, February 8, showing a slight rise from December and a 10.2% rise year-on-year. Foundry production capacity has been tight and prices have been rising as suppliers struggle to keep up with demand, especially in the 8-inch and 12-inch wafer market. January’s consolidated revenue was reported at NT$15.529 billion, up 10.2% from January 2020, and 1.5% from December. UMC’s annual consolidated revenue in 2020 was NT$176 billion, a

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