Intel, an American multinational technology company, and United Microelectronics, a semiconductor foundry company, agreed to form a joint venture. Financial terms were not disclosed. “Our collaboration with Intel on a US-manufactured 12 nm process with FinFET capabilities is a step forward in advancing our strategy of pursuing cost-efficient capacity expansion and technology node advancement in continuing our commitment to customers. This effort will enable our customers to smoothly migrate to this critical new node, and also benefit from the resiliency of an added Western footprint. We are excited for this strategic collaboration with Intel, which broadens our addressable market and significantly accelerates our development roadmap leveraging the complementary strengths of both companies,” Jason Wang, UMC Co-President.