Down, but not out: Major foundries report declines, analysts expect Q2/Q3 pick-up

Flower, Gail
February 2009
Electronic News;2/16/2009, Vol. 55 Issue 7, p6
Trade Publication
The article reports on the slow demand of foundries of the United Microelectronics Corp. (UMC) in the U.S. market in 2008. It is stated that UMC has decreased revenue of 25.1% sequentially to $566 million, with net loss of about $771 million in December. Shih-Wei Sun, chief executive officer of UMC, asserts that the global economic recession affected the company's manufacturing process that caused the declined of their customer's demand.


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