On October 13, United Microelectronics fell 3.06% in Regular Trading, trading at $22.03 per share, with turnover of $21.9012 million.
The move aligns with the company’s recently announced plan to raise $1.8 billion through dual-tranche convertible bonds, which has renewed market concern over potential share dilution if the notes are converted.
Background details show United Microelectronics reported September revenue of NT$25.35 billion, up 27.22% year over year, while revenue for the first nine months reached NT$204.0 billion, up 16.08%, indicating resilient operating trends. However, the company had already completed about $150 million of convertible bond financing in early September, after which its stock came under notable pressure. With the latest fundraising size far larger, dilution expectations appear to be dominating near-term sentiment despite steady fundamentals.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)