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Taiwan's UMC to buy majority stake in Chinese firm
by Staff Writers
Taipei (AFP) Dec 20, 2012


Taiwanese authorities have given approval for microchip giant United Microelectronics Corp to buy a majority stake in China's He Jian Technology, officials said Thursday.

The Investment Commission said in a statement it approved the bid by UMC, the world's second largest contract microchip maker after Taiwan Semiconductor Manufacturing, to acquire a further 51.85 percent stake in He Jian for $157 million.

Last year UMC acquired a 35.74 percent stake in the Chinese firm, which makes chips for integrated chip design houses.

Ties between Taiwan and China, separated in 1949 at the end of a civil war, have become closer since President Ma Ying-jeou of the Beijing-friendly Kuomintang came to power in Taiwan in 2008.

Ma, who calls for stronger trade and tourism links, was re-elected in January for a second and last four-year term.

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Los Angeles CA (SPX) Dec 20, 2012
By using electric voltage instead of a flowing electric current, researchers from UCLA's Henry Samueli School of Engineering and Applied Science have made major improvements to an ultra-fast, high-capacity class of computer memory known as magnetoresistive random access memory, or MRAM. The UCLA team's improved memory, which they call MeRAM for magnetoelectric random access memory, has gre ... read more


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