UMC buys Chinese chipmaker

Posted on Friday, May 01 2009 @ 04:55 CEST by Thomas De Maesschalck
Taiwanese foundry UMC has acquired Chinese chipmaker He Jian Technology, which operates a 200mm fab in Suzhou, China.
United Microelectronics Corp. said it was interested in acquisition of He Jian Technology from Suzhou, China, and the board of directors had been given a green light to make an appropriate proposal to the company. The move comes with no surprises as the global economic recession puts smaller makers of semiconductors in rather hard situations.

“In order to facilitate UMC's global business reach beyond its current markets, to help expedite business growth, to increase profitability, to enhance shareholder value and to increase UMC's business competitiveness, UMC believes that a production base in China is key,” a statement by UMC reads.
More info at X-bit Labs.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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