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UMC is one of the more interesting “boring semiconductor” plays right now. The bull case is fairly straightforward: * UMC focuses on mature and specialty semiconductor nodes (28nm, 40nm, 55nm, etc.) rather than competing directly with Taiwan Semiconductor Manufacturing Company at the bleeding edge. * Those chips are still essential for: * automotive * industrial electronics * power management * IoT * networking * displays * AI growth is indirectly helping UMC because AI demand is tightening foun
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