Faraday Technology Snapshot
Faraday Technology was spun off from UMC, the world's second largest contract producer of semiconductors, in 1993. The Taiwanese company offers a library of semiconductor intellectual property (SIP) components, which are used like building blocks in chip designs, and can design custom chips for customers. Faraday Technology is a fabless semiconductor company, meaning it outsources the physical fabrication of microchips to UMC, which owns about 17% of Faraday. The company derives about one-quarter of its business from the US, with three-quarters of revenues coming from Taiwanese customers.
