Soon, TSMC might have to deal with GlobalFoundries on its home turf. DigiTimes writes that rival Taiwanese foundry UMC plans to sell $404 million worth of its shares to an as-of-yet-unannounced third party—and there's a decent chance GlobalFoundries could be the lucky buyer.
The move will reportedly involve 1.298 billion shares worth $10 TWD each. DigiTimes adds, "The purpose of the fundraiser is to look for technology cooperation or a strategic alliance."
GlobalFoundries certainly seems like a worthy candidate, having recently started building a new fab in New York, having acquired Singapore's Chartered Semiconductor, and now planning further expansion. GlobalFoundries' customers include AMD, of course, plus big names like ARM, Qualcomm, and STMicroelectronics.
If GlobalFoundries doesn't tie the knot with UMC, DigiTimes says Texas Instruments and ASML could also be interested in a deal. However, the site points out that a GlobalFoundries-UMC partnership could help both companies better compete against TSMC, which is still top dog in the foundry world.
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