United Microelectronics shares pop more than 10% on report of potential GlobalFoundries deal

United Microelectronics shares pop more than 10% on report of potential GlobalFoundries deal


The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024.

Cindy Schultz | Bloomberg | Getty Images

U.S. semiconductor manufacturer GlobalFoundries is reportedly weighing a merger with Taiwan-based United Microelectronics.

U.S. shares of United Microelectronics popped 13% on the news, while GlobalFoundries shares dipped about 1%. Nikkei reported the news, citing sources familiar with the deal.

The merger would create a company based in the U.S with production capabilities in Asia, the U.S. and Europe, according to the report. The combined entity would aim to secure American access to mature chips amid potential risks from China competition and tensions between China and Taiwan, Nikkei reported.

The new company would eventually invest in research and development in the U.S. and potentially become an alternative to Taiwan Semiconductor Manufacturing, the report said. Taiwan Semiconductor announced a $100 billion investment in the U.S. earlier this month to bolster chip manufacturing. The deal brought the company’s total investment in the U.S. to $165 billion.

Taiwan has become a hub for global chip manufacturing, building chips for some of the largest companies such Nvidia and Apple. Taiwan Semiconductor is by far the leading worldwide supplier.

Both GlobalFoundries and United Microelectronics have reportedly discussed the merger and informed government officials from both countries. United Microelectronic had previously looked into buying or building production plants in the U.S. but ditched the possibility due to costs, Nikkei reported.

Read the full report here.



Source

Bitcoin rises to fresh record above 2,000, helped by Nvidia-led tech rally
Technology

Bitcoin rises to fresh record above $112,000, helped by Nvidia-led tech rally

The logo of the cryptocurrency Bitcoin can be seen on a coin in front of a Bitcoin chart. Silas Stein | Picture Alliance | Getty Images Bitcoin hit a fresh record on Wednesday afternoon as an Nvidia-led rally in equities helped push the price of the cryptocurrency higher into the stock market close. The price […]

Read More
Amazon Web Services is building equipment to cool Nvidia GPUs as AI boom accelerates
Technology

Amazon Web Services is building equipment to cool Nvidia GPUs as AI boom accelerates

The letters AI, which stands for “artificial intelligence,” stand at the Amazon Web Services booth at the Hannover Messe industrial trade fair in Hannover, Germany, on March 31, 2025. Julian Stratenschulte | Picture Alliance | Getty Images Amazon said Wednesday that its cloud division has developed hardware to cool down next-generation Nvidia graphics processing units […]

Read More
Perplexity launches AI-powered web browser for select group of subscribers
Technology

Perplexity launches AI-powered web browser for select group of subscribers

Perplexity AI on Wednesday launched a new artificial intelligence-powered web browser called Comet in the startup’s latest effort to compete in the consumer internet market against companies like Google and Microsoft. Comet will allow users to connect with enterprise applications like Slack and ask complex questions via voice and text, according to a brief demo […]

Read More