Semiconductor design and manufacturing services provider United Microelectronics (NYSE:UMC) has reported strong net sales for October.
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October revenue jumped by 27.07% year-over-year to NT$24.34 billion. Moreover, sales for the January to October period have grown by 35.91% year-over-year.
Shares of the company have dropped nearly 46.4% year-to-date making the stock fairly attractive at the current price-to-earnings multiple of 5.3.
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