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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Taiwanese IC Substrate Leader Unimicron Searched by Prosecutors

From Liberty Times · () Chinese

Translated from Chinese and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified Under investigation
  • IC substrate giant Unimicron is facing a large-scale search and investigation by prosecutors.
  • Reports suggest the investigation involves allegations of high-level accounting fraud, product origin manipulation, and insider trading.
  • The company's stock price fell sharply following the news, and two vice presidents and an accountant were reportedly taken in for questioning.

Taiwanese prosecutors have launched a significant investigation into Unimicron, a prominent global manufacturer of IC substrates. The company, known for its critical role in the semiconductor supply chain, is reportedly being scrutinized for serious financial misconduct.

Sources suggest the investigation centers on allegations including high-level accounting fraud, manipulation of product origins, and insider trading. The scale of the operation was underscored by reports of prosecutors detaining two Unimicron vice presidents and an accountant, along with confiscating four laptop computers.

The news sent shockwaves through the market, causing Unimicron's stock price to plummet. After reaching a new high of NT$1,230 earlier in the day, the stock experienced a sharp decline, nearing the daily limit and closing down 5.93%.

Theๆกƒๅœ’ District Prosecutors Office confirmed the search but has not yet released further details. Unimicron has not yet issued a formal response to the allegations or the ongoing investigation.

About this summary

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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