The Taiwanese company Unimicron, one of the world's largest manufacturers of printed circuit boards, fell 10% on the Taipei Stock Exchange after searches conducted by prosecutors related to suspicions of fraud. The investigation concerns the origin of products manufactured in China.
The company is one of the major manufacturers of printed circuit boards in the world, an essential component in the technology industry. The sharp drop in share prices reflects investors' concern over the scandal.
Taiwanese authorities are investigating alleged irregularities in the origin of products manufactured at the company's Chinese facilities. The case raises questions about labeling practices and the provenance of electronic components.
The market reacted with a sharp drop in Unimicron's shares, which lost approximately one-tenth of its value in a single day of trading on the Taiwanese stock exchange.
