US EditionUMC launches new 12-inch Singapore factory
- United Microelectronics Corp. Opened a new 22-nanometer semiconductor fab in Singapore to boost production capacity and meet growing demand, according to UMC President S.C. Chien.
- UMC plans to invest up to US$5 billion in the expansion, creating 700 new jobs, according to the company.
- UMC denied reports of a merger with GlobalFoundries, claiming it does not pursue any merger plans.
- Despite the merger rumors, UMC's shares rose 2.02 percent, reflecting market interest.
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UMC denies merger report; shares extend gains - Focus Taiwan
Taipei, April 1 (CNA) United Microelectronics Corp. (UMC), the second largest contract chipmaker in Taiwan, has denied any pursuit of a merger after Nikkei Asia reported Monday that it was exploring a merger with U.S.-headquartered counterpart GlobalFoundries Inc.
·Taiwan
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GlobalFoundries Explores Merger With Taiwan’s UMC
GlobalFoundries Inc. is exploring a potential merger with the Taiwanese chipmaker United Microelectronics Corp. as part of a long-shot deal aimed at creating a more resilient manufacturer of older-generation semiconductors, people familiar with the situation said.
·United States
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R 33%
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