Business & Finance

Taiwan UMC's Q1 sales down 15.5 percent

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TAIPEI: Taiwan's United Microelectronics Corp, the world's second biggest contract microchip maker, said Monday its sales in the three months to March fell 15.5 percent from a year ago due to slowing demand.

Its revenues in the first quarter this year came in at Tw$23.8 billion ($804.7 million), down from Tw$28.1 billion posted a year earlier, the company said.

Copyright AFP (Agence France-Presse), 2012