One piece of mildly encouraging news for chip stocks comes from Taiwanese foundry United...

|By:, SA News Editor

One piece of mildly encouraging news for chip stocks comes from Taiwanese foundry United Microelectronics (UMC), which reports its October revenue rose 1% M/M. Normally, this would be nothing to brag about, but UMC had previously forecast its Q4 revenue would drop roughly 5% Q/Q, thanks to the chip industry's ongoing inventory correction.