GlobalFoundries is mulling a possible merger with Taiwanese semiconductor producer United Microelectronics Corp. to strengthen their shared role in making chips using mature and specialty process technologies, according to an assessment document reviewed by Tom's Hardware.
The document outlines plans for 'Project Ultron,' which is meant to create a powerhouse controlling a significant share of the global production of chips. However, the plan will likely face major financial, political, and regulatory challenges. Nikkei has also reported on the matter, citing that it has reviewed an assessment plan. UMC has denied involvement, saying it is not currently conducting a merger.
