TAIPEI, April 30 United Microelectronics Corp
, the world's third-largest contract chip maker, said
on Wednesday it expects its gross profit margin to rise to the
mid-20 percent range in the second quarter from 18.6 percent in
the first quarter.
UMC also forecast shipments to increase by the "low-teens
percentage range" in the second quarter from the previous three
months, with higher sales to telecom device makers driving
UMC reported on Wednesday net profit fell 82 percent
year-on-year in the first quarter to T$1.18 billion ($39.08
million), but it beat the expectations of analysts who had
forecast a much smaller profit from UMC, which is battling for
market share in an industry dominated by larger rival Taiwan
Semiconductor Manufacturing Co Ltd (TSMC).
($1 = 30.1965 Taiwan Dollars)
(Reporting by Michael Gold; Editing by Miral Fahmy)