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TSMC and UMC: Chip Selloff Headline and the Latest Closing Prices

Published November 7, 2026 · Updated November 7, 2026 · 3 sources

A headline reports TSMC and UMC falling after the midterms. Closes from November 5 to 6 show both higher. Here is what the data show.

The exposed companies and what ATLAS says about each

Price change between the last close before the event and the latest available close. It is a coincidence in time, not a cause-and-effect relationship.

Taiwan Semiconductor, the foundry leader named in the story as its shares fell after the midterm results. · Technology

Taiwan Semiconductor is the foundry leader named in the story as its shares fell after the midterm results [1]. Its close was $353.10 on November 5 and $375.66 on November 6, up 6.39% between the two closes. Its dividend yield is 0.91%.

Price between closes
$353.10 $375.66Close of November 5 and November 6
Fair value (ATLAS)
$218.21Fair range: $143.51 to $331.79The price ($375.66) is 72.2% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $339.78 and $409.93; 9 in 10, between $287.71 and $484.13.
Recent results (EPS)
  • Oct 154.60 actual vs 4.45 est.Beat expectations
  • Jul 164.31 actual vs 3.89 est.Beat expectations
  • May 110.52 actual vs 0.41 est.Beat expectations
  • Apr 163.49 actual vs 3.33 est.Beat expectations
Dividend
0.91% dividend yieldNext ex-dividend date: December 10, 2026 · 3.42 $ over the last 12 months
See the full ATLAS analysis of Taiwan Semiconductor Manufacturing →

United Microelectronics, a Taiwan-based foundry peer named in the story as one of the steepest decliners. · Technology

United Microelectronics is a Taiwan-based foundry peer named in the headline as one of the steepest decliners [1]. Its close was $13.38 on November 5 and $13.77 on November 6, up 2.91% between the two closes. Its dividend yield is 2.99%.

Price between closes
$13.38 $13.77Close of November 5 and November 6
Fair value (ATLAS)
$18.97Fair range: $16.57 to $21.49The price ($13.77) is 27.4% below that figure.
Chance of a rise in 1 month
46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $11.71 and $15.50; 9 in 10, between $9.13 and $19.87.
Recent results (EPS)
  • Oct 280.21 actual vs 0.23 est.Fell short
  • Jul 290.52 actual vs 0.16 est.Beat expectations
  • May 290.92 actual vs 0.74 est.Beat expectations
  • Apr 290.20 actual vs 0.13 est.Beat expectations
Dividend
2.99% dividend yield
See the full ATLAS analysis of United Microelectronics →

IntelINTC

+6.12%

Intel, a foundry competitor to TSMC named in the related coverage comparing the two companies. · Technology

Intel is a foundry competitor to TSMC, named in coverage comparing the two companies [2]. Its close was $52.25 on November 5 and $55.45 on November 6, up 6.12% between the two closes.

Price between closes
$52.25 $55.45Close of November 5 and November 6
Fair value (ATLAS)
$54.15Fair range: $48.74 to $59.57The price ($55.45) is 2.4% above that figure: close to its fair value.
Chance of a rise in 1 month
43%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $42.32 and $64.74; 9 in 10, between $29.04 and $94.37.
Recent results (EPS)
  • Oct 290.52 actual vs 0.28 est.Beat expectations
  • Jul 230.42 actual vs 0.22 est.Beat expectations
  • Apr 230.29 actual vs 0.01 est.Beat expectations
  • Jan 220.15 actual vs 0.08 est.Beat expectations
See the full ATLAS analysis of Intel →

Nasdaq-100 between the same closes (November 5 and November 6): 26,629.81 → 27,145.33 points, +1.94%.

S&P 500 between the same closes (November 5 and November 6): 7,353.73 → 7,421.90 points, +0.93%.

What happened

A Yahoo Finance headline says TSMC sank 10% and UMC fell 16% as a chip rout deepened after Democrats' midterm wins [1]. Between the November 5 and November 6 closes, the sheet shows TSM, UMC and Intel all higher, so the picture is mixed.

The Yahoo Finance headline reads: TSMC sinks 10%, UMC down 16% as chip rout deepens after Democrats' midterm wins. Only the headline is available, so nothing further is attributed to that article [1].

A Motley Fool article dated November 5, 2026 argues that TSMC is the better foundry stock compared with Intel. It describes TSMC as the foundry leader with a near monopoly on manufacturing advanced logic chips, and says Intel hopes its foundry business can become a growth driver [2].

A 24/7 Wall St. article dated November 5, 2026 says TSMC posted its third straight earnings beat while AI demand outstrips supply. It also says the shares had dropped nearly 11% in a month [3].

What ATLAS data show

ATLAS model estimates put TSM's fair value at $218.21, within a range of $143.51 to $331.79; the November 6 close sits 72.16% above that value. For UMC the estimate is $18.97, with a range of $16.57 to $21.49, and the price is 27.43% below it. For Intel the estimate is $54.15, with a range of $48.74 to $59.57, and the price is 2.39% above it. These are model estimates, not promises or advice.

Two closes that coincide in time with an event do not show that the event caused the moves. The headline's declines and the sheet's gains cover different, unspecified periods. Data are from closes and may change.

What you get with ATLAS

  • Fair value of each company, with its range, against today's price.
  • Chance of a rise in 1 month and the normal price range, from a calibrated model.
  • Earnings: next date, estimated EPS and surprise history.
  • Dividends and alerts by email when a company reports.
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Frequently asked questions

Did TSMC shares rise or fall between November 5 and 6?

The sheet shows TSM closing at $353.10 on November 5 and $375.66 on November 6, up 6.39%. The Yahoo Finance headline separately reports a 10% drop [1].

How did UMC and Intel move over the same two closes?

UMC rose 2.91%, from $13.38 to $13.77. Intel rose 6.12%, from $52.25 to $55.45.

How did the broader market move?

The Nasdaq-100 rose 1.94%, from 26,629.81 to 27,145.33 points. The S&P 500 rose 0.93%, from 7,353.73 to 7,421.90 points.

Sources

  1. TSMC Sinks 10%, UMC Down 16% as Chip Rout Deepens After Democrats’ Midterm Wins · Yahoo Finance
  2. Better Foundry Stock: Taiwan Semiconductor vs. Intel | The Motley Fool · The Motley Fool · November 5, 2026
  3. TSMC's AI Opportunity Is Expanding. Here's the Question That Matters for Its Stock Price · 24/7 Wall St. · November 5, 2026

Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 7, 2026. How we calculate fair value.

Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer

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