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Electronics Production | March 18, 2011

UMC wants a piece of He Jian Technology

Taiwan-based semiconductor foundry United Microelectronics Corporation (UMC) announced acquisition plans for He Jian Technology.

UMC said in a statement that it wants 'to acquire up to 30% equities of the holding company of He Jian Technology'. The Board of Directors proposed an offer to the shareholders of He Jian Technology to surrender their holdings. "Based on 0.65x of latest book value, Series A-1 holders will be offered around USD 0.261931 per share, Series B and B-1 holders will be offered around USD 0.576248 per share". The total acquisition amount will be around USD 87 million, if assuming equal amount of shareholders from each series taking this offer.
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