<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>Coffeeshop Chit Chat - Temasek Desperate To Sell Chartered</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">SGNEWSALTE <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Nov-13 2:21 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 15) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>2486.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Despite earlier denial, it is reported that Chartered CEO is making a "low profile" trip to Taiwan next work to talk to TSMC and UMM. Why so secretive about the trip Mr Chia Song Hwee? Dont tell us you are going to Taiwan for holiday.
http://www.digitimes.com/news/a20081113PD206.html
Chartered CEO said to be coming to Taiwan for merger talks
Claire Sung, Taipei; Jessie Shen, DIGITIMES [Thursday 13 November 2008]
Song-Hwee Chia, CEO of Chartered Semiconductor Manufacturing, is scheduled to pay a low-profile visit to Taiwan next week, with speculation abounding that he will be in talks for a merger deal with the local foundries, according to market sources.
According to the sources, Chia may be talking with United Microelectronics Corporation (UMC) during the upcoming trip.
Reuters reported on October 27 that Taiwan Semiconductor Manufacturing Company (TSMC) was rumored to be in merger talks with Chartered. TSMC CEO Rick Tsai has denied the rumors.
But UMC CEO Shih-Wei Sun has remarked that the ongoing economic slump will bring about a consolidation in the industry and UMC will be glad to see mergers happen.
Chartered's consolidation with one of the top-two foundries would definitely bring a significant change to the foundry industry, with TSMC growing even bigger or UMC narrowing its gap with TSMC, according to market watchers. Currently Chartered has a 7.4% market share, the observers noted.
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http://www.digitimes.com/news/a20081113PD206.html
Chartered CEO said to be coming to Taiwan for merger talks
Claire Sung, Taipei; Jessie Shen, DIGITIMES [Thursday 13 November 2008]
Song-Hwee Chia, CEO of Chartered Semiconductor Manufacturing, is scheduled to pay a low-profile visit to Taiwan next week, with speculation abounding that he will be in talks for a merger deal with the local foundries, according to market sources.
According to the sources, Chia may be talking with United Microelectronics Corporation (UMC) during the upcoming trip.
Reuters reported on October 27 that Taiwan Semiconductor Manufacturing Company (TSMC) was rumored to be in merger talks with Chartered. TSMC CEO Rick Tsai has denied the rumors.
But UMC CEO Shih-Wei Sun has remarked that the ongoing economic slump will bring about a consolidation in the industry and UMC will be glad to see mergers happen.
Chartered's consolidation with one of the top-two foundries would definitely bring a significant change to the foundry industry, with TSMC growing even bigger or UMC narrowing its gap with TSMC, according to market watchers. Currently Chartered has a 7.4% market share, the observers noted.
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