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Chipmaker UMC cuts capex in readiness for prolonged downturn

Por: Fox Business Business October 27, 2022

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Strive founder Vivek Ramaswamy discusses Paypal's new 'misinformation' policy and the threat of China invading Taiwan on 'Varney & Co.' Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year's planned capital expenditure by almost a fifth, it said on Wednesday, citing weakening consumer demand without signs of recovery. UMC, clients of which include U.S. company Qualcomm Inc and Germany's... + full article



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