United Microelectronics shares pop more than 10% on report of potential GlobalFoundries deal

The new company would eventually invest in research and development in the U.S. and potentially become an alternative to Taiwan Semiconductor Manufacturing, the report said. Taiwan Semiconductor announced a $100 billion investment in the U.S. earlier this month to bolster chip manufacturing. The deal brought the company's total investment in the U.S. to$165 billion. U.S. shares of United Microelectronics popped 13% on the news, while GlobalFoundries shares dipped about 1%. Nikkei reported the news, citing ...