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Mon, March 26, 2012

Analytical Reports on United Microelectronics Corporation and Advanced Semiconductor Engineering Inc. - Neutral Outlook for Sem


Published on 2012-03-26 05:25:24 - Market Wire
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March 26, 2012 08:20 ET

Analytical Reports on United Microelectronics Corporation and Advanced Semiconductor Engineering Inc. - Neutral Outlook for Semiconductor Makers

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Major semiconductor manufacturers have gotten off to a sluggish start in 2012 but demand appears to be picking up. Both United Microelectronics Corp. and Advanced Semiconductor Engineering Inc. have underperformed as of late. [ www.SignalWatcher.com ] gives traders a unique insight about United Microelectronics Corporation and Advanced Semiconductor Engineering Inc. by registering now at [ http://signalwatcher.com/UMC/March262012.php ]or [ http://signalwatcher.com/ASX/March262012.php ].

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UMC reported February sales dipping 16.5% in comparison with the prior year period. January sales were not much better, down 15.5% over January 2011. Similarly, consolidated net revenues for ASX slipped 15.6% over the prior year in January.

Demand does appear to be improving though. According to industry sources, UMC's capacity utilization rate in March may climb over the 90% mark.

Overall, the outlook for the semiconductor and equipment industry is neutral at this time. Weak sales through the first two months may be negated by the recent uptick in demand. Some Investors have been taking a wait and see approach with the industry to see if the latest demand improvements are an aberration or the beginning of a sustained period of growth.

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