Taiwan chipmaker UMC imposes strict cost controls over weak demand
TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) said on Monday it was implementing strict cost controls because of soft demand and a weak outlook, in a further sign of pain facing the tech industry. UMC, whose clients include U.S. company Qualcomm Inc and Germany’s Infineon, has benefited from a global semiconductor shortage that …
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