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UMC lowers capex, will continue development of 12-inch fabs

Chiali Chen, Taipei; Juliet Tzou, DIGITIMES Asia Wednesday 31 October 2001 0

On October 30, United Microelectronics Corporation (UMC) announced that its capital expenditures would reach only US$1.1 billion in 2001, down from a projected US$1.5 billion, and decrease further in 2002.

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