Summary: US chip giant GlobalFoundries is exploring a potential merger with Taiwan’s second-largest chipmaker, United Microelectronics Corp (UMC), to create a more resilient manufacturer of older-generation semiconductors. The move, aimed at building scale and diversifying capacity, faces challenges including geopolitical hurdles and regulatory approvals. While the incoming CEO of GlobalFoundries is open to considering deal options, a deal is not certain and UMC has yet to respond to queries.

Link: https://www.straitstimes.com/business/companies-markets/us-chip-giant-globalfoundries-and-taiwans-umc-consider-merger-sources-say