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UMC, which has been ceding share to bigger Taiwanese foundry TSMC (TSM), is shuttering an older...

UMC, which has been ceding share to bigger Taiwanese foundry TSMC (TSM), is shuttering an older Japanese manufacturing plant. The plant is owned by a subsidiary claiming assets of $212.2M and liabilities of $34.4M. Separately, UMC's solar subsidiaries are halting plans to make new investments, due to weak industry conditions. (UMC's 10% stake offer)
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