United Microelectronics Corp (UMC,
On Friday, the Hsinchu District Court dismissed charges against former UMC chairman Robert Tsao (
In February, He Jian offered to give 15 percent of it stake in return for UMC assistance, but UMC was unable to accept it as the government restricts local chipmaker from investing in Chinese chipmakers.
"We are very pleased with the results, which bring justice to UMC. We hope this will be the end to the lawsuits," UMC chairman Jackson Hu (
Hu said it made no sense for the government to limit local chipmakers' investments in China, as US chip giant Intel Corp intends to make chips in China using advanced 90 nanometer and 65 nanometer technology.
Taiwanese chipmakers are only allowed to make chips on less advanced 0.18-micron technology.
Hu said he could hold further discussions with Minister of Economic Affairs Steve Chen (陳瑞隆) today on the means by which UMC could legally obtain the 15 percent stake in He Jian.
"Ownership would enhance the ties between the companies," Hu said.
Bigger rival Taiwan Semiconductor Manufacturing Co (TSMC,
TSMC chairman Morris Chang (張忠謀) said China is a fast-growing market and could enjoy explosive growth in future, but the technology TSMC uses to make chips at its Chinese plant in Shanghai cannot satisfy customer demand.
TSMC, the only local chipmaker that has begun manufacturing chips in China, said it would boost monthly output to 50,000 wafers in the middle of next year.
Tsao, meanwhile, was unlikely to end his legal battle with the government. Tsao intends to file a lawsuit against the ministry's Investment Commission, claiming the government agency has abused its authority and forged documents.
The commission's contention that UMC and Tsao illegally invested in China was partly based on reports and corporate documents made by China Credit Information Service Ltd (
Tsao said the reports and documents compiled by China Credit were false and that the commission was behind the forgery.
The commission says it has acted in accordance with the law.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
‘ONE-STOCK SHOW’: Turnover hit an all-time high as TSMC continued to determine the local market’s direction and surpassed Visa in market capitalization The TAIEX early yesterday hit an all-time intraday high on the back of soaring Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares, before tumbling back to the previous day’s close as the contract chipmaker could not single-handedly prop up the index. The TAIEX rose more than 400 points in the first 20 minutes of trading to hit a record 13,031.7 points, but later pared its gains to close down 0.01 percent at 12,586.73. Turnover was NT$343.252 billion (US$11.63 billion), the highest in the Taiwan Stock Exchange’s history. TSMC continued to dictate the market’s direction, as its early surge by the daily
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for