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ATIC may pick stake in United Micro

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CIOL Bureau
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SAN JOSE, USA: Advanced Technology Investment Company (ATIC), headquartered in Abu Dhabi, the United Arab Emirates (UAE), is reportedly considering buying a stake in the Taiwan-based United Microelectronics Corporation (UMC).

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Advanced Technology Investment Company has already bought Chartered Semiconductor Manufacturing Limited, based in Singapore. According to reports, ATIC is seeking to negotiate with UMC to buy a stake in the latter.

United Microelectronics Corporation (UMC) is the second biggest foundry the world, after Taiwan Semiconductor Manufacturing Company (TSMC).

However, Brian Lott, executive director (communications) of the Abu Dhabi-based Advanced Technology Investment Company (ATIC), has denied the media reports that ATIC is considering buying a stake in UMC.

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Lott explained in a statement that the priority of ATIC is to ensure that GlobalFoundries gets to a “smooth start” after the integration of the Singapore-based Chartered Semiconductor Manufacturing Limited, with full support from ATIC.

It was in September 2009 that ATIC bought Chartered Semiconductor Manufacturing Limited for $3.9 billion. Chartered Semiconductor will be integrated into GlobalFoundries Incorporated, the former manufacturing branch of Advanced Micro Devices Incorporated (AMD).

According to Brian Lott, pooling resources from Chartered Semiconductor and GlobalFoundries will enable the new company to compete in a better way, in the wafer-supply industry, with Taiwan Semiconductor Manufacturing Company, which is the market leader right now.

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