United Microelectronics (UMC) has released an update.
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United Microelectronics has announced its strategic investment in Faraday Technology Corp., participating in a capital increase with a transaction not exceeding 2,580,645 shares at NTD 310 per share, totaling no more than NTD 800 million. This investment will raise United Microelectronics’ stake in Faraday to 14.13%, reflecting a substantial commitment to its associate company. The move is aimed at bolstering strategic interests, with United Microelectronics prepared to acquire additional shares if offered.
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