Chang said that UMC had made recent improvements in advanced technology and production yield rate, but added that, with competitors narrowing the technology gap, "UMC is facing greater challenges than before in boosting utilization and maintaining product pricing."
But Chang predicted that UMC's leverage and liquidity position would remain healthy, even after the company announced plans recently to reduce its capital and return NT$57.4 billion (about US$1.74 billion) to its shareholders.
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