Why United Microelectronics Corp. (UMC) Went Up On Monday?

From Yahoo Finance: 2025-04-01 07:14:00

The stock market began the week with mixed results due to new tariff fears. Only Nasdaq saw losses, while Dow Jones and S&P 500 increased. Despite market downturn, 10 individual stocks stood strong, ending in the green. UMC saw a 9.16% increase on Monday amid news of a potential merger with GlobalFoundries Inc. The merger could establish a new US company with production capabilities worldwide and provide an alternative to Taiwan Semiconductor. UMC ranks 3rd on the list of firms that started the week stronger, but some AI stocks may offer greater returns in a shorter timeframe.

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