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GlobalFoundries may partner up with UMC
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Old 21st May 2010, 22:07   #1
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Default GlobalFoundries may partner up with UMC

Soon, TSMC might have to deal with GlobalFoundries on its home turf. DigiTimes writes that rival Taiwanese foundry UMC plans to sell $404 million worth of its shares to an as-of-yet-unannounced third party—and there's a decent chance GlobalFoundries could be the lucky buyer. The move will reportedly involve 1.298 billion shares worth $10 TWD each. DigiTimes adds, "The purpose of the fundraiser is to look for technology cooperation or a strategic alliance."

GlobalFoundries certainly seems like a worthy candidate, having recently started building a new fab in New York, having acquired Singapore's Chartered Semiconductor, and now planning further expansion. GlobalFoundries' customers include AMD, of course, plus big names like ARM, Qualcomm, and STMicroelectronics.
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