Published in News
ATIC reportedly seeking stake in UMC
by Fudzilla staff on07 January 2010
AMD, Globalfoundries and Chartered aren't enough
According to Reuters, Abu Dhabi's Advanced Technology Investment Co. is mulling another investment in the foundry industry. After getting in bed with AMD, Globalfoundries and acquiring Chartered, it has reportedly approached UMC for talks on buying a stake in the chipmaker.
However, ATIC Executive Director of Communications Brian Lott denied the report, saying there is nothing to it. "ATIC's priority is making sure Globalfoundries, with the integration of Chartered Semiconductor of Singapore, is off to a smooth start," said Lott.
Be as it may, UMC's stocks have risen 160 percent in 2009 and the rumours have pushed them up by 2.45 percent in a single day of trading.