Micron and UMC Expand Relationship to Strengthen Customer Supply Chains

Rhea-AI Summary

Micron Technology (Nasdaq: MU) announced an expansion of its partnership with United Microelectronics Corporation (UMC) aimed at securing supply for automotive, mobile, and critical customers. This collaboration will enhance supply chain strength and address customer needs in the semiconductor industry. Micron's Executive VP, Manish Bhatia, emphasized the importance of this relationship for accessing essential products. UMC expressed its commitment to supporting Micron's goals with their advanced manufacturing capabilities, reinforcing the significance of industry collaboration.

Positive

• Expansion of partnership with UMC enhances supply chain for automotive and mobile sectors.
• Strengthens access to critical products for customers, ensuring supply security.
• Collaboration with UMC positions Micron favorably within the semiconductor industry.

Negative

• None.

BOISE, Idaho, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), an industry leader in innovative memory and storage solutions, today announced an expansion of its business relationship with United Microelectronics Corporation (TWSE: 2303; NYSE: UMC), providing Micron opportunities to secure supply for automotive, mobile and critical customers into the future.

“Expanding our relationship with UMC helps us strengthen our customers’ supply chains and is a great opportunity to increase collaboration across the semiconductor industry,” said Executive Vice President and Head of Global Operations, Manish Bhatia. “This expanded relationship provides Micron continuing access to products that are critical to our automotive and mobile customers, and we look forward to working with UMC in the coming years to deliver our industry-leading memory and storage solutions to our customers globally.”

“UMC is pleased to be working with Micron, one of the world’s largest semiconductor companies known for its technology leadership leading-edge manufacturing, to address customer needs,” said Jason Wang, director and president, UMC. “Industry collaboration has never been more important to addressing the challenges our customers face today and into the future.”

About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI and BCD etc. Most of UMC's 12-in & 8-in fabs with its core R&D are located in Taiwan, with additional ones throughout Asia. UMC has total 12 fabs in production with combined capacity close to 800,000 wafers per month (8-in equivalent), and all of them are certified with IATF-16949 automotive quality standard. UMC is headquartered in Hsinchu, Taiwan, plus local offices in United States, Europe, China, Japan, Korea & Singapore, with worldwide total 19,500 employees. For more information, please visit: https://www.umc.com.

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2021 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

Micron Media Relations Contact
Erica Pompen
Micron Technology, Inc.
+1 (408) 834-1873
epompen@micron.com

Micron Investor Relations Contact
Farhan Ahmad
Micron Technology, Inc.
+1 (408) 834-1927
farhanahmad@micron.com

FAQ

What is the recent announcement made by Micron Technology (MU)?

Micron Technology announced an expanded partnership with United Microelectronics Corporation to enhance supply chains for automotive and mobile customers.

How does the partnership with UMC benefit Micron (MU)?

The partnership allows Micron to secure critical products and strengthen supply chains, addressing customer needs in the semiconductor sector.

When was the partnership expansion between Micron (MU) and UMC announced?

The partnership expansion was announced on December 1, 2021.

What sectors will benefit from Micron's (MU) partnership with UMC?

The automotive and mobile sectors will benefit from the expanded partnership, ensuring supply security for critical customers.