Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’

Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute some of their losses to the downturn in demand for cryptocurrency. Less demand amounts to less need for mining, which subsequently lessens the demand for mining hardware. Co-president Jason Wang said: Looking into the first quarter of 2019, we anticipate further deceleration in customers’ wafer demand, due to a softer than expected outlook in entry-level and mid-end smartphones as well as falling crypto currency valuations. Although UMC’s ongoing transformation will need

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Back Pay? No Way: U.S. Federal Contractors Losing $200 Million in Daily Revenue Due to Government Shutdown

U.S. federal government contractors could be losing up to $ 200 million in delayed or foregone revenue each day the shutdown drags on. In some cases, some contractors have completed work but their invoices can’t be processed as the responsible government agencies, departments or offices are closed. This is now beginning to be felt in the … Continued

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