Semiconductor Fabricator Stocks A Bright Spot For Markets (UMC, SMI, TSEM, TSM)
Winning sectors were few and far between on Friday as the market continued its recent plunge, but a report from UMC (UMC) is lifting semiconductor fabricator stocks to end the week. According to coverage by Reuters, the Taiwanese chipmaker said its April sales spiked by 36% year-over-year, an indication of returning demand for computers and other consumer electronics. As a whole, the Semiconductor Fabricator Stocks Index is ahead by 4.5% today, but other corners of the tech market are sinking with the market.
Meanwhile, tickerspy member-favorite Taiwan Semiconductor (TSM) is ahead by 1.5% for the session.
Across all of tickerspy’s Indexes, the Semiconductor Fabricator Stocks Index is ranked 265 in performance over the last month. To see a performance graph, Index components, and dividend and valuation metrics, visit the Semiconductor Fabricator Stocks Index at tickerspy.com.
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