Chip foundry United Microelectronics (UMC +1.2%) is up slightly after posting posting Q3...

|About: United Microelectronics Cor... (UMC)|By:, SA News Editor

Chip foundry United Microelectronics (UMC +1.2%) is up slightly after posting posting Q3 results, but its numbers still demonstrate the depth of the chip industry's inventory woes. Wafer shipments fell 10% Q/Q, and are expected to fall another 10% in Q4. Moreover, UMC's closely-watched utilization rate fell 1300 bps Q/Q, to 74%.