Tech
Tuesday, 7/14, 04:26 PM
Taiwan's UMC Starts Chip Production in Singapore as Foundries Spread Beyond Taiwan
- United Microelectronics, Taiwan's second-largest contract chipmaker, has begun mass production at its new Singapore plant, part of a $5 billion push to build capacity outside Taiwan.
- Citi analysts see an improving outlook for the company as chip buyers seek supply chains less exposed to a single location.