Taiwan's investigation into United Microelectronics Corp (UMC), the world's second-largest contract chipmaker, is nearing its conclusion, UMC chairman Robert Tsao told reporters on Saturday.
Mr Tsao expressed confidence that the probe would exonerate the firm, which prosecutors believe unlawfully transferred technology and investment capital into Suzhou-based He Jian Technology.
'We never hid anything, this is just a simple relationship with a friendly company,' Mr Tsao said.
Taiwan's Financial Supervisory Commission (FSC) had failed to uncover any evidence of illegal activity by his company or its executives, Mr Tsao said.
In February, municipal prosecutors raided UMC headquarters in Hsinchu City and the homes of several top UMC executives, seizing hundreds of documents and computers as evidence. Last month, the FSC slapped Mr Tsao with a NT$3 million ($742,500) fine for failing to disclose board decisions regarding He Jian to shareholders.
He Jian chairman Hsu Chien-hwa, a Taiwanese national detained during the February raids and later released on NT$10 million bail, remains barred from leaving Taiwan.