Online information source for semiconductor professionals
UMC acquires Chinese foundry for US$285 million
Popular articles
Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008
New Product: Applied Materials new EUV reticle etch system provides nanometer-level accuracy - 19 September 2011
â??Velocityâ?? the new buzzword in Intelâ??s PQS annual awards - 12 April 2012
Applied Materials adds Jim Rogers to Board of Directors - 29 April 2008
TSMC honors suppliers at annual Supply Chain Management Forum - 03 December 2008
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.