SAN FRANCISCO, July 11, 2018: Morgan Lewis represented United Microelectronics Corporation (NYSE: UMC; TWSE: 2303), a leading global semiconductor foundry headquartered in Taiwan, in its acquisition of all of the shares of Mie Fujitsu Semiconductor Limited, a 300mm wafer foundry joint venture between United Microelectronics Corporation and Fujitsu Semiconductor Limited.
As indicated in a press release issued by Fujitsu Semiconductor Limited, the consideration of the transaction will be approximately $520 million (JPY 57.6 billion). It is scheduled to close on January 1, 2019, pending approval by governmental authorities in Taiwan, Japan, and the United States.
The Morgan Lewis team advising United Microelectronics Corporation was led by partner Nancy Yamaguchi. Of Counsel Emily Lowe and Albert Lung and associates Sheri Yano and Eric Pennesi provided support.