Having handed over the position , losing the second place, UMC company moved to fourth place in the world's largest contract manufacturer of chips ranking. Contractor seeks to catch up due to technological advantages, which will be provided within the framework of co-operation with IBM , but it is - the prospects of the future, while UMC must act today.
UMC is looking for potential acquisitions in Asia to further expand operations in contract manufacturing lithography and attract new customers. UMC Board of Directors decided to allocate $ 300 million for these purposes.
The company will investigate the suitable for investment or cooperation. In this case, the money can be spent on the acquisition of shares in companies of interest, factory capacity or production equipment.