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Stock impact report

United Microelectronics shares pop more than 10% on report of potential GlobalFoundries deal [CNBC]

GlobalFoundries Inc. (GFS) 
Company Research Source: CNBC
Nikkei reported the news, citing sources familiar with the deal. The merger would create a company based in the U.S with production capabilities in Asia, the U.S. and Europe and potentially become an alternative to Taiwan Semiconductor, according to the report. The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. U.S. semiconductor manufacturer is reportedly weighing a merger with Taiwan-based U.S. shares of United Microelectronics popped 13% on the news, while GlobalFoundries shares dipped about 1%. reported the news, citing sources familiar with the deal. The merger would create a company based in the U.S with production capabilities in Asia, the U.S. and Europe, according to the report. The combined entity would aim to secure American access to mature chips amid potential risks from China competition and tensions between China and Taiwan, Nikkei reported. The new company would eventually invest in research and development in th Show less Read more
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