He expects a "structural shift", according to Digitimes, that will lead to a gradual change in market leadership.
Sun sees UMC well-positioned with new 300 mm production capacities coming online in 2013. The company is investing about $2 billion into its fabs this year, which mainly will be used to grow 28 nm capacity. Sun estimated that about 5 percent of UMC's 2012 revenues will be derived from 28 nm products.
20nm FinFET is scheduled for a 2014 volume production and the company said that it has an agreement with IBM to develop a 20 nm 3D FinFET production technology. Low-volume 20 nm chips will be coming off the production lines in H2 2013, Sun said.

You are correct, bigger wafers produces more chips per cycle and also a bit less waste in the cutting process (square chips on a circular wafer = unused parts).
Ignore this is completely wrong, and honestly a guess, "Silicon wafers are grown by using the Czochralski, in which a 'seed crystal' is rotated in a bath of hot molten silicon. As the seed crystal rotates, silicon atoms stick to crystal with a specific orientation that forms a crystal lattice. Eventually, this crystal becomes significantly large and forms a ingot weighing several tons. Because the crystal was rotating, the edges appear form a circle, not unlike spinning a popsicle stick in a thick syrup." found this on a website