Foundry chipmaker United Microelectronics (UMC) predict third quarter of 2011 will decrease about 10% on quarter.

UMC said eaker-than-expected demand for end market applications including PCs and consumer electronics as a key contributing factor.

In response, UMC spokesperson Chitung Liu said the company will review its performance in the second quarter and offer guidance for the third quarter at an investors conference on August 3. No comments will be made prior to the investors meeting.

UMC CEO Shin-Wei Sun previously expressed caution about the company's business outlook for the second half of 2011. He pointed to several macroeconomic factors that cast demand uncertainty including the speed of Japan's recovery, inflation problems in emerging markets, European sovereign-debt troubles and end of US quantitative easing.

UMC reported NT$9.19 billion (US$318 million) in revenues for June 2011. Second-quarter revenues amounted to NT$28.15 billion, almost flat from NT$28.12 billion in the first quarter.

By: DocMemory
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