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UMC acquires Chinese foundry for US$285 million
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Fully built, staffed and operational, He Jian Technology (Suzhou) Co., Ltd, a 200mm foundry based in China has been acquired by UMC for US$285 million. UMC had previously held a 15% stake in the foundry, given to it by the He Jian as compensation for technology and IP support when the foundry started operations several years ago.
UMC expects to expand production at the fab past its current 41,000wspm capacity and reduce costs going forward. The deal is subject to approvals from governmental authorities.