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VIA Technologies to pay NT$162 million to settle business dispute
03/15/2021 09:59 PM
Photo from VIA Technologies website
Taipei, March 15 (CNA) Taiwan-based fabless IC designer VIA Technologies, Inc. will pay NT$162 million (US$5.73 million) to United Communications (Holding) Corp. (UCC) registered in the Cayman Islands to settle a long-standing business dispute between the two companies, VIA said Monday.
The information was made public on the Taiwan Stock Exchange Market Observation Post System that day.
The two companies have reached agreement on a resolution of their dispute, with VIA agreeing to pay UCC US$4.58 million and HK$9.09 million (US$1.17 million), or a total of NT$162 million, VIA said in the public notice.