UMC sees utilization falling below 70% in Q4

EETimes (10/26/2011 2:01 PM EDT)

SAN FRANCISCO—Taiwanese foundry United Microelectronics Corp. (UMC) Wednesday (Oct. 26) reported double-digit sales declines in the third quarter on both a sequential and annual basis and said it expects capacity utilization to slip to below 70 percent in the fourth quarter, down from more than 90 percent at the beginning of the year.

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