UMC Announces Disposal of Novatek Microelectronics Corp. Securities
Key facts
- UMC Announces Disposal of Novatek Microelectronics Corp. Securities
- UMC announced the disposal of 3,500,832 ordinary shares of Novatek Microelectronics Corp. at TWD 479.8 per share, totaling approximately TWD 1.68 billion, due to convertible bond conversions, with no impact on net income.
- Source: TWSE
- Date: Mon Jun 22 2026 09:00:00 GMT+0900 (Japan Standard Time)
Direct answer
UMC announced the disposal of 3,500,832 ordinary shares of Novatek Microelectronics Corp. at TWD 479.8 per share, totaling approximately TWD 1.68 billion, due to convertible bond conversions, with no impact on net income.
- Citation
- UMC Announces Disposal of Novatek Microelectronics Corp. Securities (Mon Jun 22 2026 09:00:00 GMT+0900 (Japan Standard Time)), TWSE
- Source
- TWSE
- Date
- Mon Jun 22 2026 09:00:00 GMT+0900 (Japan Standard Time)
AI Summary (NQ-processed)
UMC announced the disposal of 3,500,832 ordinary shares of Novatek Microelectronics Corp. at TWD 479.8 per share, totaling approximately TWD 1.68 billion, due to convertible bond conversions, with no impact on net income.
AI Analysis
Frequently Asked Questions
- Q: What kind of company is UMC?
- A: UMC is a leading semiconductor foundry in Taiwan, specializing in IC manufacturing services.
- Q: Does this stock disposal affect UMC's profit?
- A: No impact on net income; affects retained earnings by approx. TWD 1.397 billion.
- Q: What is Novatek Microelectronics?
- A: Novatek is a major Taiwanese fabless company focused on display driver ICs.