Bits + chips
UMC allowed to invest in 12-inch foundry in China
Josephine Lien, Taipei; Jessie Shen, DIGITIMES

United Microelectronics' (UMC) application to invest in a 12-inch foundry in Xiamen, China has been approved by Taiwan's investment commission. UMC is allowed to invest a total of US$710 million in the project, with its China-based subsidiary Hejian...

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