UMC cast $45 million to set up new business investment company

Taiwan Lianhua electronic chip manufacturer (UMC) today held the eleventh session of the second meeting of the board, the meeting announced the establishment of the company said the company invested 100% "Umc New Business Investment Corp", led by senior deputy general manager Chen Wenyang. UMC pointed out that the establishment of a new development center to make strategic investment, UMC existing resources at the appropriate time point of investment with high growth and high profit potential of the industry, as the electricity in the future growth into kinetic energy, strengthen the UMC future asset returns and profitability.

Umc New Business Investment Corp capital 1 billion 500 million yuan (NT, scheduled for $45 million), UMC 100% stake, the future investment will be selected after the object is the absolute proportion of equity investment companies, and actively participate in the decision-making and operation of investment companies.

UMC pointed out that the new business development center will be solar and LED related industries for the spindle, in both talent and technology on the basis of interdisciplinary integration, hope in the short term, the related technical development, to establish the scale of operation.

The United States and the United States hope that the new energy business, can become the core of another competitive advantage.