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UMC says fund-raising aimed at drawing strategic partner; speculation points to Globalfoundries

Ingrid Lee, Tainan; Jessie Shen, DIGITIMES Asia Friday 21 May 2010 0

United Microelectronics Corporation (UMC) has revealed plans to raise new capital through a private placement with an aim to bring in a strategic partner. Market watchers have singled out Globalfoundries as a possible target.

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