Bits + chips
UMC cuts global chip outlook for 2011
Josephine Lien, Taipei; Jessie Shen, DIGITIMES

United Microelectronics Corporation (UMC) has revised downward its growth forecast for the global semiconductor market to 5% this year from its previous estimate of 5%-10% growth, company CEO Shin-Wei Sun said at an investors meeting on April 27.

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