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Taiwan's UMC hunts for acquisitions as China closes in

Bullish chipmaker focuses on 5G and its fastest-growing markets, South Korea and Taiwan

UMC President S.C. Chien believes that geopolitical uncertainty remains the "most concerning issue for 2020." (Nikkei Montage) 

HSINCHU -- Taiwan's United Microelectronics Corp., the world's fourth biggest contract chipmaker that supplies Qualcomm and Sony, said it is open to more acquisitions amid a wave of consolidation in the sector.

UMC President S.C. Chien told the Nikkei Asian Review that while rising competition from Chinese manufacturers was a concern, he remained bullish about 2020, with rising revenue expected to return the company to growth as it focuses on key markets in South Korea, Taiwan and the U.S.

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