AI | Nvidia Supplier Unimicron Seeks Up to $1.4 Billion in GDS Sale

Unimicron Technology Corp., a supplier to Nvidia, is seeking as much as $1.4 billion from a sale of global depositary shares, according to terms of the deal seen by Bloomberg. The Taiwanese chip supplier is tapping demand tied to an artificial-intelligence boom that has lifted its stock more than 700% over the past 12 months, Bloomberg reported.