Three people from UMC will sit on the seven member board of SIS.

This surely suggests the strong possibility that UMC might merge with SIS. The interesting thing is that SIS is a smallish company but has its own fabrication plant, something that's always puzzled us a little in these design boutique days.

Further, the local Taiwanese press today is saying that SIS raised $138 million by selling global depositary receipts.

Read more: The Inquirer.