UMC Agrees to 12” Fab Joint Venture in China

Hsinchu, Taiwan — The Board of Directors of United Microelectronics Corporation (UMC) (NYSE: UMC; TWSE: 2303), a leading global semiconductor foundry, today resolved to participate in a 3-way agreement for a joint venture company focused on 12″ wafer foundry services with Xiamen Municipal People’s Government and FuJian Electronics & Information Group. Based on the agreement, UMC…

Hong Kong’s Changing Role in the Supply Chain

Long before China became the go-to destination for foreign manufacturing, there was Hong Kong. During the 1960s and 1970s Hong Kong was a low-cost center for manufacturing and the electronics industry’s window into the vast market that was China. Although Hong Kong’s role has changed significantly since China opened its doors to foreign trade, it…

REE Prices Spike Following China Embargo

Rare earth elements (REEs) differ significantly from conflict minerals in all but one aspect: their availability—or lack thereof—has the potential to disrupt the electronics supply chain. REEs are exactly as they sound: compounds that appear in nature that are scarce or difficult to mine. Conflict minerals – also natural elements – are concentrated in regions…

Study: Supply Chain Leaders Invest Heavily in Tech

Effectively reaching rapidly-developing emerging markets is often a challenge for businesses that require bricks as well as clicks. For example, unlike the travel industry – where an inventory of airline seats or hotel rooms is literally virtual – the electronics industry requires its inventory to stored and physically moved around the globe. Technology, of course, has…

How Will Western Business History Rate Offshoring?

Forget about lost manufacturing jobs and the social implications. In time, Western high-tech companies and other manufacturers may come to rue their decision to offshore manufacturing to Asian low cost locations. As rivals pop up like daisies in China, some observers in Europe and North America are moving to the conclusion that offshoring was at…

Tech Firms Fret Over ‘Chilly’ China

Foreign technology companies and other Western multinational enterprises operating in China are becoming increasingly concerned about recent Chinese government anti-trust actions that they complain put them at a disadvantage against local competitors. The companies are wary of voicing their opinions publicly and are instead using back channels and political pressure from their home governments to…

TTI Acquires Huatong in China

TTI, Inc. an indirect, wholly owned subsidiary of Berkshire Hathaway, today announced the acquisition of the assets of HuaTong Electronic Co., Ltd., an electronic components distributor headquartered in Dongguan Shilong. Founded in 1994, Huatong was the first batch authorized distributor of Molex connectors in Greater China and remains the largest domestic Molex distributor in Asia…