Fujitsu says UMC to take 9.3 percent stake in new foundry venture

TOKYO (Reuters) - Japan's Fujitsu Ltd said on Friday that United Microelectronics Corp of Taiwan would make an initial investment of 5 billion yen (28.93 million pounds) for a 9.3 percent stake in its new foundry venture in central Japan.

Last month, sources familiar with the matter had said that Fujitsu planned to form a joint venture with United Microelectronics to own and operate the plant in Mie, central Japan.

(Tokyo Newsroom)