May. 12 at 4:49 PM
$UMC Market volatility really highlights the value of a solid balance sheet. As I have stated before, UMC is sitting on roughly
$4.2 bln USD in cash (a
$1.8B net cash position), which provides a massive safety net and supports the dividend. While the Nasdaq is currently sliding 2.2%, UMC is showing impressive relative strength. This is exactly why I’ve stayed patient with this position build and will continue to do so.