economy

United Microelectronics Corporation

Analysts Citi see improving outlook for United Microelectronics Corporation (UMC) amid strong sales performance

United Microelectronics Corporation (UMC) has commenced mass production of silicon photonics wafers in Singapore, aiming to meet the rising demand for high-speed optical interconnects in AI and data center networks. This development is significant as it positions UMC to capitalize on the growing semiconductor market while analysts project a positive sales outlook for the company.
Cadence Design Systems Synopsys

Analysts Goldman Sachs upgraded Cadence Design Systems (CDNS) target price to $470, citing growth potential from EDA chip designer shortage

Goldman Sachs has identified Cadence Design Systems and Synopsys as potential beneficiaries of a labor shortage in the electronic demand automation chip design sector, projecting significant revenue growth opportunities driven by custom AI silicon.