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Alex Chang

Research Analyst at BNP Paribas

Alex Chang is an Analyst at Exane BNP Paribas specializing in coverage of select Hong Kong-listed companies, with a particular focus on stocks such as HK:2338. He has delivered investment recommendations with a success rate of 43% and an average return of 8.90% per transaction, demonstrating a solid track record in equity analysis. Chang began his career in investment banking roles at UBS and Evercore before transitioning to equity research, and he joined Exane BNP Paribas after building expertise in consumer, retail, and semiconductor sectors. He holds a B.S. magna cum laude in Finance, Accounting, Mathematics, and Philosophy from Boston College and maintains relevant professional credentials for securities research.

Alex Chang's questions to UNITED MICROELECTRONICS (UMC) leadership

Question · Q2 2025

Alex Chang from Exane BNP Paribas asked for a comparison of utilization rates in China versus the corporate average and an update on the price pressure outlook in the region.

Answer

President Jason Wang confirmed that UMC's 12x facility in China is currently running at full capacity, which is above the overall corporate average. He clarified that since business management is centralized, there is no pricing differentiation between UMC's various manufacturing locations.

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