Check out this Bloomberg article on UMC.
This is how they play games to buttress their profitability.
United Microelectronics Corp. is a distant second to TSMC in the market for pure custom-manufacturing of chips in almost every measure: technology, capacity, revenue, margins. But in the metric that counts the most — share returns — the company has taken the crown. Its Taipei-listed shares have jumped more than 300% over the past year, double that of its rival. Both have done even better with theiRead more at: Playing Second Fiddle to TSMC Gets a Standing Ovation
Copyright © BloombergQuint
The TSMC Thread - #260 by OysterOmelet