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[15] [16] In October 2020, UMC and the U.S. Department of Justice reached a plea agreement, with UMC pleading guilty to one count of receiving and possessing a stolen trade secret and agreeing to pay a fine of $60 million. UMC's plea and Plea Agreement resolved the 2018 trade secrets case brought against UMC by the U.S. Department of Justice.
Prices of global depositary receipt are based on the values of related shares, but they are traded and settled independently of the underlying share. Typically, 1 GDR is equal to 10 underlying shares, but any ratio can be used. It is a negotiable instrument which is denominated in some freely convertible currency. [1]
The first ADR was introduced by J.P. Morgan in 1927 for the British retailer Selfridges on the New York Curb Exchange, the American Stock Exchange's precursor. [4] They are the U.S. equivalent of a global depository receipt (GDR). Securities of a foreign company that are represented by an ADR are called American depositary shares (ADSs).
In the latest trading session, United Microelectronics Corporation (UMC) closed at $11.58, marking a -0.43% move from the previous day.
United Microelectronics Corporation (UMC) closed the most recent trading day at $11.58, moving -0.43% from the previous trading session.
He left ITRI to found UMC in 1980. [1] In 1988 he visited Beijing and met with Jiang Zemin. [1] In 2001, UMC moved into China by setting up Hejian Technology (Suzhou) Co. in Jiangsu. This led to Tsao being charged in 2005 with violating the Business Entity Accounting Act. He was found not guilty in 2010. [2]
OTC Markets Group, Inc. (formerly known as National Quotation Bureau, Pink Sheets, and Pink OTC Markets) is an American financial services corporation that operates a financial market providing price and liquidity information for almost 12,400 over-the-counter (OTC) securities. [3]
It is a European equivalent of the original American depositary receipts (ADR). The EDR is issued by a bank in Europe representing stocks traded on an exchange outside of the bank’s home country. The stock of some non-European companies trade on European stock exchanges like London Stock Exchange through the use of EDRs. [1]