AMD, Globalfoundries and Chartered aren't enough
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
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.