It is reported that UMC will supply Micron for the first time

$United Microelectronics(UMC.US)$ $Micron Technology(MU.US)$ According to the Taiwan Economic Daily, a few days ago, the foundry UMC (UMC.N) and the US memory chip maker Micron Technology (MU.O) reached a settlement. According to market sources, due to the current shortage of mature process production capacity, one of the key conditions for the two parties to reach a settlement is that UMC will provide Micron and its component suppliers with 12-inch 28/40nm production capacity, and the settlement amount is much lower than market expectations.

Article excerpted from the US Stock Research Agency