San Diego, CA -- (SBWIRE) -- 03/06/2019 -- An investigation was announced concerning potential securities laws violations by United Microelectronics and certain of its directors and officers in connection with certain financial statements.

Investors who purchased shares of United Microelectronics Corporation (NYSE: UMC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by United Microelectronics regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Taiwan based United Microelectronics Corporation provides semiconductor wafer foundry solutions. United Microelectronics Corporation reported that its annual Total Revenue rose from over 149.28 billion TWD in 2017 to over 151.25 billion TWD in 2018 and that its Net Income declined from over 9.67 billion TWD in 2017 to over 7.07 billion TWD in 2018.

On November 1, 2018, the U.S. Department of Justice indicted United Microelectronics Corporation for industrial espionage. The indictment stated that United Microelectronics Corporation and another company conspired to steal trade secrets from U.S. semiconductor company Micron Technology, Inc. relating to its research and development of memory storage devices.

Shares of United Microelectronics Corporation (NYSE: UMC) declined from $3.09 per share in June 2018 to as low as $1.64 per share on November 13, 2018.

Those who purchased shares of United Microelectronics Corporation (NYSE: UMC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.