Bits + chips
UMC posts lower 3Q11 profits, to stay profitable in 4Q11
Jessie Shen, DIGITIMES, Taipei

Contract chipmaker United Microelectronics (UMC) saw its net profits for the third quarter of 2011 decline 38.8% sequentially and 77.6% from a year ago, with gross margin sliding to 19.8%. The company also posted lower revenues for the quarter, affected...

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