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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: matt dillabough who wrote (19075)	5/24/2006 9:02:51 AM
From: Proud_Infidel	Respond to of 25522

UMC firm on prices due to strong demand in 3Q Cage Chao, Taipei; Rodney Chan, DigiTimes.com [Wednesday 24 May 2006] United Microelectronics Corporation (UMC) has good order visibility for the third quarter, and good prospects for the second half of the year have caused the foundry to stand firm on prices, according to industry sources. UMC's mature processes of 0.18 micron and below are running almost at full capacity, and demand for 0.13 micron and other advanced processes is strong, the sources said. The company expects increases in utilization rates, revenues and margins in the third quarter, the sources added. The pure-play foundry is also standing firm on its prices for orders beyond the third quarter, and it is refusing to offer any discounts, even for IC designers that have strong relationships with the foundry, the sources indicated. The sources revealed that delivery time from UMC's mature process has now been extended to six to eight weeks from four to six weeks during the first quarter. In some cases, delivery will take eight to 10 weeks, the sources added. UMC chairman and CEO Jackson Hu has predicted during a recent investors conference that the company was looking forward to a double-digit growth in sales for the third quarter.