United Microelectronics (UMC) has released an update.
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.
For further insights into UMC stock, check out TipRanks’ Stock Analysis page.
