UMC’s supply agreements with key tech brands in 5G and IoT segments are expected to fuel growth. This trend is reflected in the current stock forecast setting an upper resistance near $10. ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report The customers continue to show healthy interest in migrating to its 22nm specialty platforms for next-generation networking and display driver applications, which provide substantial power savings and performance advantages over 28nm solutions. Entering 2025, the broader semiconductor market remains well-placed for another year of growth, courtesy of robust demand for Al servers and increased semiconductor content in smartphones, PCs, and other electronic devices. To capture the opportunities, United Microelectronics Corporation (NYSE:UMC) continues to make investments in technology innovation, developing industry-leading specialty solutions to capitalize on the next wave of system upgrades and remain at the forefront of the competition. United Microelectronics Corporation (NYSE:UMC)'s new Singapore Phase 3 fab is expected to enhance customers' supply chain resilience, while the 12nm collaboration with its US partner can provide customers a migration path beyond 22nm. UMC stock forecast is supported by stronger-than-expected May shipment data, which could push revenue growth above 8% for the quarter. Analysts believe the stock is undervalued compared to peers TSMC and SMIC based on P/E ratios.