United Microelectronics Corporation (UMC) received final approval and completed the full acquisition of Mie Fujitsu Semiconductor Limited (MIFS), a 300mm wafer foundry joint venture.
United Microelectronics Corporation (UMC) announced its Board of Directors approved the full acquisition of Mie Fujitsu Semiconductor Limited (MIFS), a 12-inch wafer foundry in Mie, Japan, from Fujitsu Semiconductor. UMC currently owns 15.9% of MIFS and will acquire the remaining 84.1% for no more than ¥57.63 billion.
United Microelectronics Corporation (UMC) will acquire the remaining 84.1% of Mie Fujitsu Semiconductor Limited (MIFS) from Fujitsu Semiconductor for approximately JPY 57.6 billion, making MIFS a wholly-owned subsidiary. The transfer is planned for January 1, 2019.