Tech
GlobalFoundries and Taiwanese chipmaker UMC mull potential merger, Nikkei reports
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Taiwan’s major chipmaker United Microelectronics and U.S.-based GlobalFoundries are exploring the possibility of a merger, the Nikkei reported on Monday, citing an assessment plan seen by the newspaper.
A combined entity would establish a larger U.S.-based firm with a global manufacturing footprint spanning Asia, the United States and Europe, according to the report.
The news of a potential deal comes as the US seeks to strengthen its semiconductor supply chain amid rising geopolitical tensions in the Taiwan Strait and increasing competition from…
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