5 Best Semiconductor Stocks to Buy Under $30

2. United Microelectronics Corporation (NYSE:UMC)

Stock Price: $17.2

Number of Hedge Fund Holders: 19

United Microelectronics Corporation (NYSE:UMC) is one of the Best Semiconductor Stocks to Buy Under $30. On May 14, the company announced the release of a 14nm embedded high-voltage (eHV) FinFET technology platform for display driver ICs. Notably, the process design kit is available for customer designs.

As compared to United Microelectronics Corporation (NYSE:UMC)’s 22nm process, the 14nm eHV FinFET platform sees up to 40% reduction in power consumption and 35% reduction in chip area. As a result, this will result in longer battery life and thinner driver modules for the premium smartphone models.

Notably, the company is the undisputed foundry leader in the broader OLED display driver IC market. Also, it is the only foundry providing the most advanced 22nm display driver IC solution. Furthermore, the new 14nm eHV platform reflects a significant step forward, with the company bringing FinFET technology to display drivers for the first time.

United Microelectronics Corporation (NYSE:UMC) operates as a semiconductor wafer foundry.

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