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Chipbond and UMC announced a strategic partnership on September 3, 2021, via a stock swap where UMC will hold 9.09% of Chipbond's equity and Chipbond will hold 0.62% of UMC's equity.
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.
Chipbond Technology plans to acquire about a 31% stake in Orient Semiconductor Electronics in a cash-and-share deal worth NT$820.4 million for a 12.71% portion, plus subscription to 300 million special shares, to enter flash memory-chip packaging.