Why United Microelectronics Stock Skyrocketed Today
Shares of United Microelectronics (NYSE: UMC) have skyrocketed today, up by 19% as of noon EDT, after the company made numerous investor disclosures in a regulatory filing. The tech specialist said it would be acquiring equipment from Applied Materials, among other news. United Microelectronics said it would be acquiring machinery and equipment from a Taiwanese subsidiary of Applied Materials for 1.02 billion New Taiwan dollars ($34.8 million).