Taiwan's UMC to buy a 85% stake in Hejian Technology
Published: 30 Apr 2009 00:35:11 PSTApr. 30, 2009 (China Knowledge) - Taiwan-based United Microelectronics Corp (UMC), the world's second largest contract chipmaker, on Wednesday said it will spend US$285 million to acquire an 85% stake in Hejian Technolgy, a mainland China-based chipmaker. UMC chief executive Sun Shih-wei said in a statement that UMC's broad of directors has approved the plan and will submit it to shareholders for approval. UMC, which holds a 15% stake in Hejian, will become the controlling shareholder of the Chinese chipmaker after the transaction. Copyright © 2009 www.chinaknowledge.com |
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