United Microelectronics is trading 7.7% up at $18.54 as shares rebound from a sharp two-day selloff, driven by strong quarterly earnings and a broad rally in semiconductor stocks.
- The company reported a 161% quarter-on-quarter profit surge and higher factory utilization in its July 29 financial results.
- Investor sentiment is bolstered by a sector-wide recovery in tech, with markets reacting positively to the company's upbeat fundamentals and momentum.