UBS Lifts UMC Price Target to NT$100, Cites Improving Mature-Node Dynamics
UBS raised its price objective on United Microelectronics Corp (UMC) to NT$100 from NT$56 and kept a Buy rating, citing signs of stronger competitive dynamics in the mature foundry segment from mid-2025 that are appearing in 2026. UBS forecasts modest ASP gains in 2026-27, and highlights capacity and demand shifts at peers and in China that could f…