# UMC to acquire remaining stake in United Semiconductor (Xiamen)

UMC plans to increase capital in its Cayman Islands subsidiary to purchase shares of United Semiconductor (Xiamen) from Xiamen Jinyuan Industry Development and Fujian Electronic Information Industry Venture Capital Partnership, for a total of RMB 4.86 billion (approx. USD 784 million). The transaction will be completed over three years.

- Type: Acquisition
- Announced: 2022-04-27
- Where: Xiamen, China, China
- Value: $784.0M (4.86B CNY)
- Status: announced
- Products: integrated circuits
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [United Microelectronics Corporation](https://endata.com/companies/19674.md) (acquirer)
- [United Semiconductor (Xiamen)](https://endata.com/companies/28443.md) (target)
- [Xiamen Jinyuan Industry Development](https://endata.com/companies/62553.md) (partner)
- [Fujian Electronic Information Industry Venture Capital Partnership](https://endata.com/companies/62554.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/UNITED-MICROELECTRONICS-C-6494400/news/United-Microelectronics-To-announce-related-materials-on-acquisition-of-UNITED-SEMICONDUCTOR-XIAM-40164251/), 2022-04-27: "The company plans to increase capital of RMB 4,116,048,200 or equivalent US dollars (approximately US dollars 663,878,742) in Cayman Islands subsidiary UNITED MICROCHIP CORPORATION... to purchase the share of UNITED SEMICONDUCTOR (XIAMEN) CO., LTD."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.