Long UMC 3.01 -- just 500 shares... maybe this will be a better trade.
UMC - Chipmaker UMC Reports April Revenue Up
Tuesday May 9, 4:43 am ET
Taiwan Chipmaker UMC Reports April Revenue Up by a Third From April Last Year
TAIPEI, Taiwan (AP) -- United Microelectronics Corp., the world's second-largest contract chipmaker by revenue, said Tuesday its April revenue rose to 8.46 billion New Taiwan dollars (US$269.07 million; euro211.84 million), up 32.9 percent from the same month last year.
The company posted a revenue of NT$6.37 billion for April 2005.
UMC supplies semiconductor chips to several of the biggest companies in the global high-tech sector for use in a variety of products including desktop computers, notebooks, mobile phones and digital cameras.
For the four months ended April 30, UMC reported revenue of NT$32.85 billion (US$1.04 billion; euro822.6 million), 23.2 percent higher than the NT$26.65 billion in the same period of 2005, according to a statement on its Web site.
UMC's April revenue was also slightly up compared to the NT$8.455 billion posted for March.
The company didn't provide further details in the statement.
UMC Chairman Jackson Hu said in late April he expects improvements in the company's second-quarter performance, despite the period usually being a slow season.
"For the second quarter as a whole, we believe that demand will be in line with seasonal norms," he said. "Our understanding is that demand for entry-level handsets in developing markets such as India, Africa, Indonesia and China will see very high growth this year."
News 
Market Data 
Discover 
