Strategic Implications of a Potential UMC and GlobalFoundries Merger Amid China’s Mature Node Expansion (中國大陸成熟製程擴張的壓力：UMC與GlobalFoundries的潛在合併)
==== In recent years, China’s rapid expansion in the mature-node semiconductor foundry sector has had profound effects on the global market. Chinese players like SMIC and Hua Hong Semiconductor have significantly increased production capacity, intensifying competition in the 28nm and above process technologies. Backed by strong government support, policy subsidies, and scale advantages, these companies…