"UMC will not lose any orders because of the management change as Tsao apparently will continue to have a say in the company's strategy over the next few years under a different status," Ying said.
UMC shares have risen by 15 percent on the Taiwan Stock Exchange from a historic low of NT$16.35 on Oct. 28 last year amid a series of investigations. The stock closed at NT$18.85 yesterday.
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