Analyst: UMC seeks R&D partnership

Mark LaPedus, EE Times
(05/06/2010 10:41 AM EDT)

SAN JOSE, Calif. -- Taiwan's United Microelectronics Corp. (UMC) is planning a private placement of no more than 10 percent of its total shares or about $400 million.

Foundry vendor UMC did not elaborate. Analysts believe that UMC is gearing up for a new R&D partnership in an effort to play catch-up in the foundry market. UMC trails behind GlobalFoundries, TSMC and Samsung in process technology, it was noted.

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