Latest news with #UnitedMicroelectronicsCorp
CNA
23-04-2025
- Business
- CNA
Chipmaker UMC says no merger 'activity' right now, amid GlobalFoundries talk
TAIPEI :Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday that there was currently no ongoing merger activity, following reports the company and U.S.-based GlobalFoundries are considering a tie-up. UMC and GlobalFoundries are looking into whether to merge, two sources familiar with the matter told Reuters last month. A combined company would establish a larger U.S.-based firm with a global manufacturing footprint spanning Asia, the United States and Europe. Asked about the reports on an earnings call, UMC Chief Financial Officer Chitung Liu said he did not want to comment on what he called market rumours, given such major news would have to come from an "official announcement". "From UMC's perspective, we are consistently looking for strategic options to enhance shareholder value. Anything that can help increase our competitiveness and shareholder value we will certainly look into that," Liu said. "There is no ongoing so-called merger activity right now," he added. "It doesn't have to be a merger. There are many other collaborations we can still pursue," Liu said, without elaborating.
CNA
23-04-2025
- Business
- CNA
Taiwan chipmaker UMC says no ongoing merger 'activity' right now
TAIPEI :Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday that there was currently no ongoing merger "activity". Chief Financial Officer Chitung Liu made the comment on an earnings call when asked about reports UMC and U.S.-based GlobalFoundries are looking into the possibility of a merger.
Reuters
23-04-2025
- Business
- Reuters
Taiwan chipmaker UMC says no ongoing merger 'activity' right now
TAIPEI, April 23 (Reuters) - Taiwanese chipmaker United Microelectronics Corp (UMC) ( opens new tab said on Wednesday that there was currently no ongoing merger "activity". Chief Financial Officer Chitung Liu made the comment on an earnings call when asked about reports UMC and U.S.-based GlobalFoundries (GFS.O), opens new tab are looking into the possibility of a merger.
Yahoo
23-04-2025
- Business
- Yahoo
Taiwan chipmaker UMC says no ongoing merger 'activity' right now
TAIPEI (Reuters) -Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday that there was currently no ongoing merger "activity". Chief Financial Officer Chitung Liu made the comment on an earnings call when asked about reports UMC and U.S.-based GlobalFoundries are looking into the possibility of a merger.
Forbes
02-04-2025
- Business
- Forbes
Taiwan's UMC Opens $5 Billion Singapore Facility To Make AI, Automotive Chips
United Microelectronics' advanced chip manufacturing facility in Singapore. United Microelectronics Corp. (UMC) opened the first phase of its newly-built $5 billion advanced manufacturing facility in Singapore as the proliferation of artificial intelligence applications boosts demand for more complex chips. The facility in the eastern Singapore town of Pasir Ris can produce up to 30,000 wafers per month when full production starts in 2026, Hsinchu, Taiwan-based company said in a statement on Tuesday. It will boost UMC's total production capacity in Singapore by 47% to more than 1 million wafers annually, with room for further expansion, it added. 'This new state-of-the-art facility in Singapore signals a new phase of growth for UMC,' company president Shan-Chieh Chien said in the statement. 'It enhances our ability to meet future chip demand, driven by continuous innovations in connectivity, automotive and AI.' Singapore—a major chip manufacturing hub—has in recent years been attracting new investments from global semiconductor companies. Last year, Vanguard International Semiconductor partnered with Netherland's NXP Semiconductors to build a $7.8 billion wafer fabrication facility in the Lion City, while GlobalFoundries opened a $4 billion plant in 2023. UMC's new facility will be one of the most advanced semiconductor foundries in Singapore. The company said it will manufacture semiconductors for communications, automotive, and AI innovations. 'The unique geography of Singapore also makes the new facility well placed to support our customers in strengthening supply chain resilience,' Chien said. The expansion will create about 700 jobs locally over the next few years, including process and equipment engineers as well as research and development engineers, UMC said. 'This new fab introduces new leading edge specialty semiconductor capabilities and production capacity that will enhance Singapore's competitiveness as a critical node in the global semiconductor supply chain,' Jermaine Loy, Singapore Economic Development Board's managing director, said.
