Taiwan chipmaker UMC to scale down China project

United Microelectronics Corporation (UMC) has announced to curb the operations of its Chinese chip project in order to avoid charges from the United States.

According to reports, as a measure to dissolve its memory chip development department, the company will shift almost half its DRAM team, while the Fujian Jinhua project in China is to be dismantled.

Previously last year, the company had also reported downsizing of a dep....