UMC (United Microelectronics Corp) has decided to establish a new business development center, the UMC New Business Investment Corp. The center will focus on new energy business, including solar energy and LED, utilizing the company's existing expertise and technologies.
Capital for UMC's 100% owned subsidiary, UMC New Business Investment Corp, is expected to reach NT$1.5 billion. The company will invest based on the research and evaluation performed by UMC New Business Development Center.
UMC foresees technologies for renewable energy and energy saving will become the focus for future technology development, and the growth of related industries is predictable. The utilization of solar energy has high development potential in the renewable energy sector, while LED is a focus area for energy saving. Hence, UMC decided to establish the center to capitalize in this two high growth and high profit potential industries through timely strategic investment.
In the short- to mid-term, UMC said it plans to complete the development of related technologies and establish a preliminary scale of operations. For the long-term, as key proficiencies mature and resource integration is complete, the new energy business is expected to become another UMC core business with high competitive advantages.
Nikkei Electronics |
Nikkei Monozukuri |
Nikkei Automotive Technology |
|---|---|---|
 |
 |
 |
| The magazine for electronics designers and managers. | Design You Won't Regret - How to Reduce the Risk of Accidents | The comprehensive automotive technology magazine. |
Copyright © 1995-2010 Nikkei Business Publications, Inc. All rights reserved.
All editorial content and graphics on this Web site may not be reproduced in whole or in part without the express permission of the copyright owner.
