UMC Buyback Week Puts Focus on Chip Stock’s Rally
United Microelectronics Corp is in the spotlight for its buyback as a fresh week starts. The chipmaker’s Taiwan-listed stock surged nearly 20% last week. On Friday, a U.S. filing showed UMC spent NT$406.6 million repurchasing its own shares. The Taiwan Stock Exchange was closed for the weekend and is set to open Monday at 9:00 a.m. in Taipei, with trading until 1:25 p.m.
