United Microelectronics looking for acquisitions in Asia, DigiTimes says

theflyonthewall.com

United Microelectronics is looking for potential acquisitions in Asia to grow its foundry business worldwide, reports DigiTimes. Citing a filing with the Taiwan Stock Exchange, the company's board passed a resolution to invest up to $300M in making an equity investment in third-party fab or fabs located in Asia.

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