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Faraday 3Q16 profits fall 70%

Jessie Shen, DIGITIMES, Taipei 0

Faraday Technology, a fabless ASIC/SoC and silicon IP provider, has reported net profits for the third quarter of 2016 declined 70.2% from a year earlier and 60% sequentially to NT$50 million (US$1.58 million).

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