Thursday, January 7, 2010
After buying Singapore's Chartered Semiconductor Manufacturing Ltd., Abu Dhabi's Advanced Technology Investment Co. (ATIC) is now looking at buying a stake in Taiwan's United Microelectronics Corp. (UMC)., according to reports.
ATIC has approached UMC for talks on a ''possible stake buy,'' according to Reuters. UMC's stock jumped as a result of the rumors.
ATIC denied the rumors about UMC, the world's second largest foundry, next to TSMC. ''There's nothing to it. ATIC's priority is making sure Globalfoundries, with the integration of Chartered Semiconductor of Singapore, is off to a smooth start, fully backed by ATIC's focused support,'' said Brian Brian Lott, executive director of communications for ATIC, in an e-mail response.
In September, ATIC acquired Chartered for a total of $3.9 billion. Chartered will be folded into GlobalFoundries Inc., the former manufacturing division of Advanced Micro Devices Inc. (AMD).
Pooling resources from Chartered and GlobalFoundries will enable the new company to better compete in the tough wafer supply industry with market leader Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). The combined entity will benefit from GlobalFoundries' technology expertise while tapping into Chartered's customer base to boost sales.
With UMC, ATIC believes it can better compete against TSMC, according to the report. Others see a nightmarish integration process between GlobalFoundries, Chartered and UMC.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
