Hit by Crypto Winter, Chip Foundry UMC Posts Quarterly Operating Loss2

United Microelectronics Corp., Taiwan’s second-largest semiconductor foundry, is the latest company to disclose that it has been feeling the effects of the crypto winter.

In its fourth-quarter 2018 earnings report released today, UMC posted a decrease in revenue of 9.8 percent compared to the previous quarter, leading to a foundry operating loss of 1.3 percent.

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