Combined Microelectronic stock POP on GlobalFoundries Deal

On June 18, 2024 in Malta, New York, Malta, New York, New York, New York.

Cindy Schultz | Bloomberg | Gets the image

Manufacturer of US semiconductors GlobalfRoundloss Reportedly weighing a merger from Taiwan A combined microelectronics.

US shares United Microelectronics popped up 13% in the news, while GlobalFoundries stock dropped about 1%. Nick reported the news, citing sources familiar with the deal.

The merger would create a company based in the US with production capabilities in Asia, the USA and Europe, the report said. The combined subject will seek to provide American access to mature chips against the background of potential risks of competition and tensions in China between China and Taiwan, Nikki reports.

The new company eventually contributed to the study and development in the US and will potentially become an alternative Production of semiconductors at Taiwansaid in the message. Taiwan -Painting announced Investing in $ 100 billion in the US Earlier this month for the production of chips. The transaction has led a total company investment in the US to $ 165 billion.

Taiwan has become a center for the production of global chips, construction of chips for some largest companies such as Nvidia and Apple. Taiwanese semiconductor is definitely a leading world supplier.

Globalfoundries reportedly and United Microelectronics discussed the merger and told government officials of both countries. United Microelectronic has previously considered the purchase or construction of production plants in the United States, but threw this opportunity from the cost, Nikkei reports.

Read the full report there.

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