UMC Raises 2016 Capex to $2.2 Billion on Improving Outlook

United Microelectronics Corp. (UMC), the world's third-largest foundry, has raised its expected capital expenditure for 2016 to about $2.2 billion on expectations that the chip industry will emerge from a downturn around the second quarter of this year.

from EETimes: http://ift.tt/1nzh9ko
via Yuichun