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TSX:2303 20 January 2026

Why UMC stock is up 16% today: 8-inch price hike talk meets Taiwan’s CPO buzz

Why UMC stock is up 16% today: 8-inch price hike talk meets Taiwan’s CPO buzz

United Microelectronics Corp shares jumped 16% Tuesday, closing at $10.82 and leading semiconductor gains as U.S. markets fell. Taipei-listed UMC hit the daily limit before settling up 6-7%, fueled by rumors of 8-inch wafer price hikes. Foreign investors remained net buyers, and UMC confirmed its Singapore Fab 12i P3 expansion is moving toward mass production by 2027. Investors await UMC’s earnings report on Jan. 28.

Stock Market Today

  • Empire Company Limited Stock Surpasses 200-Day Moving Average on TSX
    March 21, 2026, 3:47 AM EDT. Shares of Empire Company Limited (TSE:EMP.A) edged above its 200-day moving average of C$48.81, peaking at C$49.66 on Friday with a trading volume of 962,132 shares. Despite recent price target cuts from major Canadian banks including RBC, TD Securities, Scotiabank, National Bank Financial, and CIBC, the stock holds a "Moderate Buy" consensus with an average target of C$52.83. The company trades at a P/E of 16.57 and posted C$0.72 earnings per share last quarter, supported by its core food retail operations via subsidiaries like Sobeys. Empire's market cap stands at C$11.25 billion amid financials showing a 12.94% return on equity and net margin of 2.18%. Analysts forecast nearly 3.0 EPS for the current year, reflecting measured optimism despite cautious revisions.
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