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Tesla and BYD diverge, GlobalFoundries looks to merge

Summary by Financial Times
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

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Tesla and BYD diverge, GlobalFoundries looks to merge

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

·London, United Kingdom
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IBTimes UKIBTimes UK

The Potential Impact of GlobalFoundries, UMC Potential Merger

In what could prove a seismic shift for the global semiconductor sector, US-based contract chipmaker GlobalFoundries and Taiwan's United Microelectronics Corporation (UMC) are reportedly exploring a potential merger. The bold move comes amid intensifying geopolitical tensions and a strategic push by the US to reduce its reliance on Asian chip production. If successful, the deal could create a powerful transcontinental player and significantly re…

·United Kingdom
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Financial Times broke the news in London, United Kingdom on Thursday, April 3, 2025.
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