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UMC

UMC

$2.83

0.075 (2.73%)

05:27
08/06/18
08/06
05:27
08/06/18
05:27

UMC enters partnership with Avalanche Technology for MRAM development

United Microelectronics and Avalanche Technology announced that they have entered a partnership for joint development and production of MRAM to replace embedded flash. UMC will also make this technology available to other companies through licensing with Avalanche Technology Inc. Under the terms of the agreement, UMC will provide embedded non-volatile MRAM blocks based on UMC's 28nm CMOS manufacturing process. This will enable customers to integrate low latency, very high performance and low power embedded MRAM memory blocks into MCUs and SoCs, targeting the Internet of Things, wearable, consumer, industrial and automotive electronics markets. The two companies are also considering to expand the cooperation beyond 28nm, as Avalanche Technology's CMOS compatibility and scalability to advanced process nodes enables integration of unified memory blocks into next generation highly integrated MCUs and SoCs. This allows system designers to maintain the same architecture and software ecosystem without a redesign.

UMC UMC
$2.83

0.075 (2.73%)

07/09/18
FBCO
07/09/18
NO CHANGE
Target $90
FBCO
Outperform
Micron ruling suggests China self-constraint, says Credit Suisse
Credit Suisse analyst John Pitzer notes Micron (MU) confirmed that the Fuzhou Intermediate People's Court of Fujian Province, China notified two Chinese subsidiaries of Micron that it has granted a preliminary injunction against those entities in patent infringement cases filled by UMC (UMC) and Jinhua. While an unfavorable near-term event, the analyst notes that he considered this as a real potential given a history of and speedy somewhat biased rulings. Additionally, Pitzer says it removes headlines risk that has weighed on the stock, and continues to believe that the UMC/Jinhua claims are without merit. Further, the almost "meaningless" slap on the wrist by the China courts suggest that current U.S./China trade disputes are constraining the China Courts for fear of escalation, he contends. Pitzer reiterates an Outperform rating and $90 price target on Micron's shares.
07/09/18
MZHO
07/09/18
UPGRADE
MZHO
Neutral
UMC upgraded to Neutral from Underperform at Mizuho
Mizuho analyst Dale Gai upgraded UMC to Neutral and raised his price target for the shares to NT$18 from NT$13.
07/05/18
GSCO
07/05/18
NO CHANGE
GSCO
Micron-UMC lawsuit in China potentially material negative, says Goldman Sachs
Goldman Sachs analyst Mark Delaney notes that UMC (UMC) issued a press release announcing that the Fuzhou Intermediate People's Court of the People's Republic of China issued a preliminary injunction against Micron (MU) enjoining Micron from offering to sell and selling 26 DRAM and NAND related items including certain SSDs and memory sticks in China. But shortly after the UMC press release, Micron said it had not received any preliminary injunction, and it would not comment further until reviewing the court documents. The analyst believes the impact of the lawsuit on Micron's fundamentals is difficult to evaluate but the company's filings suggest to him that this latest news could potentially be a material negative to Micron.
07/05/18
STFL
07/05/18
NO CHANGE
Target $108
STFL
Buy
China's goal not to eliminate Micron as DRAM supplier, says Stifel
After UMC (UMC) said on Tuesday that a Chinese court issued a preliminary injunction against 26 Micron (MU) devices, Stifel analyst Kevin Cassidy said the injunction may be a "paper tiger" as he does not believe China's goal is to eliminate Micron as a DRAM supplier. He thinks that this is instead part of a strategy, which could take many years, to push Micron toward partnering with China semiconductor foundries. Cassidy said he understands the reaction to sell shares on this announcement, but he believes it may prove to be a buying opportunity and maintains a Buy rating and $108 price target on Micron shares.

TODAY'S FREE FLY STORIES

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-3.1 (-2.74%)

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ARE

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ZTS

Zoetis

$98.72

0.95 (0.97%)

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PDM

Piedmont Office Realty

$20.21

-0.27 (-1.32%)

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TEVA

Teva

$16.91

0.27 (1.62%)

16:56
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FLIC

First Long Island

$22.35

-0.52 (-2.27%)

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SCS

Steelcase

$17.49

-0.115 (-0.65%)

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PRGO

Perrigo

$49.20

0.52 (1.07%)

16:50
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TRMK

Trustmark

$34.42

-0.7 (-1.99%)

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Trustmark rating change at Keefe Bruyette »

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  • 23

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WIX

Wix.com

$108.92

1.02 (0.95%)

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CG

Carlyle Group

$19.00

-0.23 (-1.20%)

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INVH

Invitation Homes

$23.31

-0.23 (-0.98%)

16:49
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16:49
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Syndicate
Invitation Homes files to sell 43M shares of common stock for holders »

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  • 19

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SCS

Steelcase

$17.49

-0.115 (-0.65%)

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Earnings
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BA

Boeing

$373.87

1.77 (0.48%)

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Periodicals
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SCS

Steelcase

$17.49

-0.115 (-0.65%)

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EOLS

Evolus

, AGN

Allergan

$154.13

3.41 (2.26%)

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Initiation
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EOLS

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AGN

Allergan

$154.13

3.41 (2.26%)

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NVCR

Novocure

$50.99

-0.11 (-0.22%)

16:45
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Initiation
Novocure initiated at SunTrust »

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  • 19

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SCS

Steelcase

$17.49

-0.115 (-0.65%)

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Earnings
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MYL

Mylan

$28.61

0.44 (1.56%)

16:44
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Initiation
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ALTR

Altair

$37.68

-0.51 (-1.34%)

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MNK

Mallinckrodt

$23.19

0.49 (2.16%)

16:42
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Initiation
Mallinckrodt initiated at SunTrust »

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  • 27

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LCI

Lannett

$8.05

0.17 (2.16%)

16:41
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16:40
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General news
API crude inventories for week of March 15 »

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