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United Microelectronics

United Microelectronics Corp (NYSE:UMC)10/24 Close: $1.94/share

Do you know why sales of Apple‘s (NASDAQ:AAPL) iPhone 5 have been considered anemic? It’s not a lack of demand — it’s a lack of supply. Apple has realized since the smartphone’s debut that its suppliers just couldn’t make enough of the needed components to assemble as many iPhones as the company could have sold.

Great, but what’s that got to do with United Microelectronics (NYSE:UMC)? United Microelectronics was one of the companies Apple tapped when it couldn’t get enough of what it needed from Qualcomm (NASDAQ:QCOM) and Taiwan Semiconductor Manufacturing (NYSE:TSM).

Although Qualcomm and TSM have almost certainly cranked up their capacity in the meantime, United Microelectronics might have just worked its way into the inner circle of Apple’s ecosystem.

Article printed from InvestorPlace Media,

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