United Microelectronics Corp (UMC, 聯電) shares soared 10 percent to close at NT$27.5 as 380 million shares changed hands on the Taiwan Stock Exchange. People walk in front of the gate of a Semiconductor Manufacturing International Corp factory in Shanghai on Sept. 7. Smaller local foundry Powerchip Semiconductor Manufacturing Co (力積電) and South Korea’s Samsung Electronics Co are also options, Chiao said. It is worth watching to see whether any of the contract chipmakers increase their capital expenditure for next year, the analyst said. Shares of SMIC, China’s largest chipmaker, yesterday fell 3.88 percent to close at HK$17.86 in Hong Kong trading, a four-month low.

Source: Taipei Times September 28, 2020 16:33 UTC