UMC has denied Taiwanese media reports that Globalfoundries is planning to take a stake in the company. UMC went on to say that the two companies never even discussed a stake acquisition deal.
The rumours pointed to a potential strategic alliance between the two foundries, backed by cross-shareholding to strengthen ties between the outfits. The alliance would then have enough muscle to take on TSMC.
Although the rumour sounded plausible on many levels, as a UMC-Glofo alliance could provide AMD with a viable alternative to TSMC, it seems we won’t see a deal after all.