Skip to main content

Market Overview

United Microelectronics Partners For Capacity Development At Tainan Science Park

Share:
United Microelectronics Partners For Capacity Development At Tainan Science Park
  • Semiconductor foundry United Microelectronics Corp (NYSE: UMC) has announced its plans to develop capacity at its 300mm Fab 12A Phase 6 (P6) in Taiwan’s Tainan Science Park through a partnership with its multiple global customers.
  • The customers will make a deposit to secure their long-term chip supply at P6 at pre-determined pricing to foster UMC’s organic growth, accomplish long-term profitability and market relevance goals.
  • The P6 expansion was scheduled for production in the second quarter of 2023, with a total investment of NT$100 billion (roughly $3.58 billion).
  • UMC’s total investment in the Tainan Science Park will reach NT$150 billion over the next three years, including UMC’s previously announced 2021 capital expenditure (Capex) of $1.5 billion. The major chunk of the Capex was earmarked for equipment for the company’s Fab 12A P5 site adjacent to the P6.
  • Fab 12A is presently operating at a 90K 300mm wafers per month (wpm) capacity, with an additional 10K wpm installation at the P5 from 2021.
  • The P6 project will add 27.5K more wpm production ability when fully equipped. UMC is also planning to hire an additional 1000 employees to support this and other operations.
  • Price action: UMC shares traded lower by 2.40% at $10.56 in the premarket session on the last check Wednesday.
 

Related Articles (UMC)

View Comments and Join the Discussion!

Posted-In: Briefs semiconductorsNews Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com