Feeds

UMC to put chip plants in stasis

Production suspended pending market upturn

  • alert
  • submit to reddit

UMC is preparing to suspend production at two 8in fabs while demand remains depressed.

However, the company told employees that none of them will lose their jobs as a result of the move.

And in a letter to the workforce, UMC chairman Robert Tsao encouraged staff to remain confident in the company's ability to cope with the downturn.

Tsao's message to the troops is reminiscent of wartime leaders' pronouncements to the home front: just keep your chin up, and it'll be all over by Christmas.

Tsao also said he would be dipping into UMC's NT$80 billion ($2.33 billion) cash reserve to prepare itself for the chip market's revival whenever it comes along. ®

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.