# UMC acquires 9% stake in Chipbond

UMC (United Microelectronics Corporation), the world's third-largest semiconductor foundry, has acquired a 9% stake in Chipbond, an LCD driver OSAT (outsourced semiconductor assembly and test) company, forming a strategic partnership.

- Type: Acquisition
- Announced: 2022-06-24
- Where: TWN
- Status: completed
- Products: LCD driver ICs, compound semiconductors (GaAs, SiC, GaN)
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [UMC](https://endata.com/companies/30546.md) (acquirer)
- [Chipbond](https://endata.com/companies/63674.md) (target)

## Sources

- [dopodomani.biz](https://dopodomani.biz/en/worlds-no-3-semiconductor-foundry-partners-with-back-end-manufacturer/), 2022-06-24: "Semiconductor foundry UMC has acquired a stake in LCD driver OSAT Chipbond."

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