Almost 30 years in markets and UMC look very attractive at these levels

UMCs financial profile is why I was compelled to build a position here. Talk about a case for stability and growth anchored by a NT$109.02 billion cash position that significantly dwarfs its total debt. This robust liquidity paired with a massive 108% yoy earnings surge and a consistent $0.48 per ADS dividend provides a powerful margin of safety while the company capitalizes on strong industry tailwinds in the specialty foundry sector. The recent authorization of a 50 million share buyback serves as the final layer of reassurance imo, signaling a management team that is not only highly profitable but also focused on strategic internal reinvestment.