UMC posts record sales in August

The chip glut doesn't seem to be affecting Taiwanese chipmaker United Microelectronics Corp. At least not yet, anyway.

Taiwan chipmaker UMC posts record monthly revenue in August
Taiwan chip giant United Microelectronics Corp. Tuesday reported record monthly revenue in August. The world's No. 2 contract chipmaker said revenue rose 64 percent to 11.51 billion New Taiwan dollars (US$339.2 million; euro 280.7 million) in August from NT$7.01 billion the same month last year. The August figure beat the company's previous record of NT$11.20 billion (US$330 million; euro 273.1 million), set in July. Revenue for the first eight months of 2004 totaled NT$77.22 billion (US$2.27 billion; euro 1.88 billion), up 44 percent from NT$53.62 billion for the first eight months of 2003, UMC said.

Analysts, however, do expect the chip downturn to affect UMC and other chipmakers in the following months.