[April 17, 2019]

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of United Microelectronics Corporation Investors

Law Offices of Howard G. Smith announces an investigation on behalf of United Microelectronics Corporation investors ("UMC" or the "Company") (NYSE: UMC) concerning the Company and its officers' possible violations of federal securities laws.

On November 1, 2018, UMC was indicted by the U.S. Department of Justice on charges of conspiracy to commit theft of trade secrets and economic espionage. The charges issued were in relation to a conspiracy by UMC to steal trade secrets from its competitor in the electronic industry Micron Technology (News - Alert), Inc. by hiring former employees of Micron who then provided the stolen trade secrts to UMC. The trade secrets were then used in relation to a DRAM project UMC had entered with Fujian Jianhua Integrated Circuit Co. Ltd. in May 2016, in which technology developed by UMC would be owned jointly by both parties.

On this news, the Company's share price fell $0.19 per share or over 10% over two days of trading to close at $1.71 on November 5, 2018, thereby injuring investors.

If you purchased UMC securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190417005889/en/

[ Back To TMCnet.com's Homepage ]