Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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Nov 14 3:59 PM EST

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To: Jerome who wrote (132)	10/30/2001 9:54:54 AM
From: Proud_Infidel	Read Replies (1) of 25522

UMC posts $117 million 3Q loss and lowers CapEx; fab utilization drops to 36% Semiconductor Business News (10/30/01 01:45 a.m. EST) TAIPEI, Taiwan -- Silicon foundry giant United Microelectronics Corp. (UMC) of Taiwan today reported a loss of $117 million (NT$4.02 billion) for the quarter ended Sept. 30, compared to a profit of $422 million (NT$14.56 billion) in the like period a year ago. Net sales were $346 million (NT$11.96 billion) in the period, down 59.4% over the like quarter a year ago. "This was another challenging quarter for UMC and the entire semiconductor sector, during which we saw our capacity utilization down to an historical low of 36%," said Peter Chang, vice chairman of UMC, based in Hsinchu, Taiwan. "On the positive side, we believe that this was the bottom for us in 2001 and expect to see a quarter-over-quarter improvement in sales in the fourth quarter," he said. UMC has also revised its capital expenditures for fiscal year 2001 down to approximately $1.1 billion, from the previously announced $1.5 billion level.

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