TECH - Taiwanese Chipmaker UMC Teams Up With Intel To Boost Chip Production In US | Benzinga
In a strategic move, Taiwanese chipmaker United Microelectronics Corp. (NYSE:UMC) is set to augment its U.S. production capabilities through a partnership with Intel (NASDAQ:INTC).
What Happened: UMC and Intel will jointly develop 12-nanometer chip technology
for contract production at three Intel facilities in Arizona, Nikkei Asia reported on Tuesday. The mass production, scheduled to commence in 2027, will primarily target communications and other applications.
UMC Co-President Jason Wang, during an Intel event in February, expressed enthusiasm about the alliance, stating it “broadens our addressable market and significantly accelerates our development roadmap.”
The collaboration between UMC and Intel is a strategic move to counter competition from TSMC and Samsung in the contract manufacturing space. In the recent past, Intel received up to $8.5 billion in subsidies from the U.S. government for advanced chip ...