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United Microelectronics Corporation (UMC) and Chipbond Technology Corporation have agreed to a share exchange to establish a long-term strategic partnership. Chipbond will issue new shares in exchange for UMC shares, with UMC and its subsidiary Fortune Venture Capital holding about 9.09% of Chipbond.
“In order to further establish a long-term strategic partnership, the two Companies decide to acquire the other party’s common shares in the form of share exchange.”chipbond.com.tw
Summarized from public sources; check the original articles before acting on it.