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


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%.

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