Hong Jiacong, Chairman of UMC, made a surprise move to list A shares.

UMC made a big move yesterday to acquire the entire equity interest in the 12-inch plant joint venture with Fujitsu Semiconductor. Subsidiaries and vessels will also be listed on the mainland A-shares. UMC Chairman Hong Jiacong once said that Taiwan still has advantages in the development of the semiconductor industry, but Continental Semiconductor The pace of catch-up was also rapid. Through the two major layout strategies, UMC achieved expansion of capital strength, strengthened local retention, and maintained UMC's competitive edge in the semiconductor industry in mainland China.

Hong Jiacong was originally the chief financial officer of UMC. He was efficient, flexible, and accurate in financial operations. Later, he became the chairman of UMC. After a low profile deployment in recent years, UMC will now regain its strong influence in the global foundry industry.

UMC through the mainland's subsidiaries and ships to raise two other mainland subsidiaries, and the ship to the Shanghai Stock Exchange for the listing of the main body, the consideration is not only a fundraising.

Previously, UMC executives said that mainland semiconductors have grown rapidly in recent years, and local officials also hope to accelerate the development of semiconductors. In recent years, UMC’s and the ship have faced talents frequently, and it will be beneficial for UMC to integrate its listed A shares. The local residents stayed in the company and took more incentives for employees in the position of listed companies. The UMC executives also mentioned that in fact, the mainland, like Taiwan, has listed in the capital market and has a key influence on the stay.

In addition, the accelerated expansion of wafer manufacturing capacity in the mainland will increase competition in the industry. The market forecaster estimates that by the end of 2018, China's 12-inch wafer manufacturing capacity will be nearly 700,000 pieces per month, up more than 40% compared with last year. Currently, UMC's main 28 The nano-process is the same as that of the mainland SMIC. UMC’s 8-year-old plant and the 12-inch plant of Xiamen Lianxin and the upstream IC design are connected to the semiconductor, with various products, plus vertical integration of upstream and downstream. Under the rapid increase of pressure on the mainland fab, maintaining UMC's development in mainland semiconductors has its advantages.

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