Wednesday, April 29, 2009
UMC buys Hejian from UMC
The news that UMC has purchased the 85 percent of Suzhou-based Hejian that it did not "own" is quite amusing (link). After all, everyone knows that through affiliates UMC has always indirectly owned Hejian and treats it as one of its fabs. Well, everyone other than Chen Shuibian's government, which was shocked (shocked!) to find UMC had invested in China illegally behind its back. Thankfully, the technology investment restrictions by the Taiwanese government have significantly loosened over the years.