United Microelectronics Corporation (UMC) (NYSE: UMC; TSE: 2303), today announced it will further increase its production capacity with the purchase of numerous advanced 300mm CMOS manufacturing tools. The tools will be bought from Texas Instruments (TI) upon closure of a larger asset purchase in Japan that was just announced by TI.
"Our mutually strong relationship with TI provides us this opportunity to work together to obtain leading-edge 300mm fab equipment at a lower cost and with faster delivery times, compared to placing orders for new equipment," said Dr. Shih-Wei Sun, CEO of UMC. "These significant advantages will help us better address our customers' advanced production needs as demand for our foundry services continues to be strong."
"UMC is an important foundry partner to us, and we are pleased that we can support them and work closely with them in adding new capacity for customers," said Kevin Ritchie, senior vice president and manager of TI's Technology and Manufacturing Group.
Source: http://www.umc.com/