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UMC Falls 7%, Tower Drops 10% on Fears of AI Capex Slowdown

Tower Semiconductor logoTower Semiconductor
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United Microelectronics logoUnited Microelectronics
Sig2.35Sen-4.80Env0.00Soc0.00Gov0.00

United Microelectronics shares fell 7% to $18.22 as a broader foundry selloff reflected renewed fears about AI capital spending. The Wall Street Journal cited nine top tech firms with about $3 trillion in off-balance-sheet AI commitments. Estimates of Anthropic’s revenue growth and monetization uncertainty rattled the semiconductor chain, dragging Tower Semiconductor down 10% and weighing on other foundries.

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