UMC, the world's #2 chip foundry, is down 4.6% after reporting June sales of $310.3M, up just...

|By:, SA News Editor
UMC, the world's #2 chip foundry, is down 4.6% after reporting June sales of $310.3M, up just 0.9% M/M and 1.1% Y/Y. After shooting higher in March and April, UMC has now posted two straight quarters of minimal sales growth, as the chip industry's recovery slows to a crawl. It was reported recently that top rival TSMC's customers have become cautious about placing Q4 orders due to uncertain demand.