UMC May revenue picks up for the third consecutive month

June 9 Afternoon news, according to Taiwan media reports, Taiwan UMC, the world's second-largest foundry, released its May revenue figures in Tuesday, according to data showing that the UMC monthly revenue from February hit the trough, May appeared for the third consecutive month than last month, but compared with the previous double-digit growth rate has slowed markedly, the second half of the demand is still to be observed.　　UMC May revenue of NT $7.514 billion, which grew 9.3% from last month, and 8.606 billion in the same period last year by 12.7%, the 12th consecutive month of recession.　　Affected by the urgent single effect of inventory recovery, UMC's revenue has rebounded rapidly from the bottom of the two-month period, though the market still has doubts about the visibility of demand in the second half.　　Market research firm ISUPPLI pointed out that global wafer foundry industry revenue in the second quarter will continue to rise in the first quarter, but before the economic recovery is established and consumption capacity to return to normal levels, 2009 still face challenges throughout the year. UMC shares tumbled 4.98% per cent today, to 12.4 Taiwanese dollars, down more than the Taiwan-stock-weighted index. TWII tumbled 3.22% and closed at 6414.39.