UMC expects solid growth

"Growth is not the problem," said Kirby Chi, an analyst at Tong Lin Securities Consultants Co. "UMC's stock has fallen due to the government situation. I'm going to wait until after the fourth nuclear plant issue is over before buying the stock," he said.

Last week, Premier Chang Chun-hsiung (張俊雄) said that the government would make a final decision on whether to continue construction of the Fourth Nuclear Power Plant by the end of the year.

UMC's stock has fallen nearly 40 percent since the fate of the power plant came to the political forefront from the middle of last month.

Yesterday, the share rose 5.41 percent to NT$58.5 on turnover of 146.5 million shares, the highest in the market. It has risen 19.6 percent since Friday.