US EditionUMC launches new 12-inch Singapore factory
- GlobalFoundries is exploring a potential merger with United Microelectronics Corp , aiming to create a stronger manufacturer of older-generation semiconductors, according to people familiar with the situation.
- Tim Breen, GlobalFoundries' incoming CEO, is open to considering deal options as he prepares to take over in April.
- The merger faces challenges, including market value disparities and possible geopolitical hurdles, as noted by Bloomberg Intelligence analysts Charles Shum and Steven Tseng.
- A merger would improve scale for GlobalFoundries and diversify UMC's capacity outside Taiwan and China, as noted by Chris Caso of Wolfe Research.
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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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Leaning Left3Leaning Right2Center0Last UpdatedBias Distribution60% Left
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