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Slideshow Taiwan's UMC says to invest $8 billion in 12-inch wafer fab Tweet Share this Email Print Related News UPDATE 4-Applied Materials sees cutting edge driving demand Thu, May 17 2012 Samsung not seen quaking in boots over Apple-Elpida report Thu, May 17 2012 Samsung loses $10 billion market value on Apple order report Wed, May 16 2012 UPDATE 4-Micron likely winner in bid for Japan's Elpida-NHK Fri, May 4 2012 Insight: As chip plants get pricey, U.S. risks losing edge Tue, May 1 2012 Analysis & Opinion Samsung investors should worry less about Apple Samsung moves on from Japan to nibble at Apple Related Topics Tech » The signboard of United Microelectronics Corp (UMC) is seen in Xinchu, the south city of Taipei, Taiwan January 10, 2006. Credit: Reuters/Richard Chung TAINAN, Taiwan | Wed May 23, 2012 10:02pm EDT TAINAN, Taiwan (Reuters) - Taiwan's UMC, the world's No.2 contract chip maker, said it will invest $8 billion in a 12-inch wafer plant in Taiwan, joining its peers in investing in high-end technology to meet demand for chips in fast-growing markets like mobile devices. UMC held a ground-breaking ceremony for phase 5 and 6 production plants at its 12-inch wafer fab in Tainan, southern Taiwan, on Thursday, with a schedule to install machines at the plant in the second half of 2013. The company said it also plans to build phases 7 and 8. Asian chipmakers, from Taiwan's top foundry maker TSMC to South Korean memory chip heavyweights Samsung Electronics and SK hynix, have eyed record investments and big acquisitions as they vie for a bigger share of the mobile market. Early last month, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said it would invest more than T$350 billion ($11.9 billion) in advanced production technology at its Tainan plant over the coming years. UMC said in May that it saw wafer shipments up 15 percent in the second quarter due to increasing orders on communication products and consumer electronics. (Reporting by Argin Chang; Editing by) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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