Taiwan's United Microelectronics Corp. (UMC) is apparently planning to "liquidate" its fab venture in Singapore and will fold the organization into the parent company.

The fab venture, dubbed UMCi Pte. Ltd., is a 300-mm plant that is located Singapore's Pasir Ris Wafer Park. The fab produced 29,000 8-inch equivalent wafers in the third quarter, up from 9,000 units in the second quarter.

"In 4Q04, as we expect to liquidate UMCi in order to prepare for the acquisition by UMC, we expect to book a one-time impairment loss of NT$3.5 billion (US$104.2 million) to recognize the difference between the book value and market value of UMCi," according to UMC (Hsinchu, Taiwan).

The silicon foundry provider disclosed its plans for UMCi during its third-quarter results.The move by UMC to absorb UMCi was not a surprise, given that the operation was actually no longer a real ventu

By: DocMemory
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