Unimicron shares slump after prosecutors raid the IC substrate maker
Taiwanese IC substrate maker Unimicron dropped sharply after investigators searched the company, and shareholders are bracing for more pain when trading resumes Monday.
- Prosecutors raided Unimicron over suspected relabeling of China-made substrates, faking the country of origin, and insider trading.
- The stock fell hard on Friday, giving up more than 10% from its intraday high before closing off the lows.
- Small investors are panicking online, with many who bought near the top wondering if they can get out before sell orders pile up.
- Others see the drop as a buying chance and say they would add more if the price keeps falling, arguing the business itself is still sound.
Outlook: Monday's open is the test — whether bargain hunters step in fast enough to stop the slide or selling pressure carries it lower.