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Chip contract manufacturer UMC, which has long played second fiddle to larger Taiwanese rival...

  • Thursday, May 24, 2012, 6:03 PM ET
    Chip contract manufacturer UMC, which has long played second fiddle to larger Taiwanese rival TSMC (TSM), has broken ground on an $8B fab expansion plan that will manufacture chips at cutting-edge process nodes. TSMC has a head start on UMC and other rivals in producing chips using a 28nm process, and is having trouble meeting demand. Chip equipment makers are counting on strong orders from contract manufacturers to offset weak demand elsewhere.
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    UMC (and TSM) were day traders' favs a decade ago. Neither have moved much since falling from their last decade highs. If the dividends are sustainable, they are decent buys at relative lows going forward.
    24 May 2012, 06:19 PM Reply Like
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