UMC soars as US eyes SMIC banUS-CHINA TENSIONS: Novatek is another likely beneficiary, as a US ban would make it difficult for the Chinese firm to tap into the driver IC marketBy Lisa Wang / Staff reporterUnited Microelectronics Corp (UMC, 聯電) yesterday saw its share price soar to close at a two-week high on reports that Washington is looking to ban Semiconductor Manufacturing International Corp (SMIC, 中芯) amid an escalating US-China trade dispute. US firms would require a license before shipping to SMIC if US President Donald Trump’s administration imposed export restrictions on the Chinese chipmaker. Photo: Hung Yu-fang, Taipei TimesTurnover of UMC shares hit 97.93 million yesterday, the biggest since Monday last week. SMIC shares tumbled 22.88 percent to end at H$18.24 on the Hong Kong Stock Exchange. UMC, Vanguard International Semiconductor Corp (世界先進) and GlobalFoundries Inc are likely to receive orders transferred from SMIC if the Trump administration further tightened its grip on SMIC and other Chinese semiconductor companies, Jih Sun Securities Investment Consulting Co (日盛投顧) said in a research note.

Source: Taipei Times September 07, 2020 15:56 UTC