UMC to make United Semi into 100% owned subsidiary in 3 years

Related company info

Judy Lin, DIGITIMES, Taipei

Thursday 28 April 2022

United Microelectronics Corporation
United Microelectronics Corporation (UMC) is engaged in the business of manufacturing or fabrication of ICs for applications in major sectors of semiconductor industry.

Founded in 1980 and listed on Taiwan Stock Exchange in 1985, the company is best known for dedicated semiconductor foundry business maintaining a customer base across industries, including communication, consumer electronics, computer, memory and others.

UMC employs approximately 12,000 people worldwide including operation sites in Taiwan, Japan, Singapore, Europe, and the United States.
Performance

The company's stock price closed at NT$40.3 on the TSE on Wednesday, August 10, 2022.

The company has reported consolidated revenues of NT$24,827 million for July 2022, representing a 0% drop on month and 35.2% increase on year.

For the first quarter of 2022, the company totaled NT$63,423 million in consolidated revenues, up 7.3% sequentially and up 34.7% on year.

Brief

Full name: United Microelectronics Corporation
Chinese name: 聯華電子股份有限公司
Short name: UMC
Arconym: UMC
Stock code: 2303
Tax ID: 47217677
Market: TSE
Established: 22 May 1980
Paid in capital: NT$126.24 billion
Listed on TSE: 16 Jul 1985
Public since: 30 May 1981
Website: www.umc.com
Related news
On display

300mm wafer from UMC with 11 copper layers
SemiTech Taipei 2006: UMC showcases a 300mm wafer with 11 copper layers, manufactured on a 65nm process using triple-gate...
Photo: Vyacheslav Sobolev, DigiTimes, May 4.
SEMICON Taiwan: Hermes Liu, UMC.
SEMICON Taiwan: Hermes Liu from UMC delivering his presentation "Microloop brings foundry and fabless closer on 65nm yield...
Photo: Vyacheslav Sobolev, DigiTimes, Sep 13.

Latest stock

UMC [2303] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
11-Aug	82,496	28,609	3,436,861,890	41.65	41.85	41.40	41.70	+1.40	+3.47%	41.65	41.70
10-Aug	60,068	24,823	2,419,053,523	40.30	40.45	40.05	40.30	-0.75	-1.83%	40.25	40.30
9-Aug	57,688	25,038	2,355,906,597	40.85	41.45	40.15	41.05	+0.00	+0.00%	41.05	41.10
8-Aug	70,525	42,475	2,910,436,636	41.40	41.65	41.00	41.05	-1.10	-2.61%	41.05	41.10
5-Aug	156,445	61,974	6,501,044,476	40.95	42.35	40.60	42.15	+2.15	+5.38%	42.15	42.20
4-Aug	73,486	28,033	2,931,017,075	39.80	40.20	39.35	40.00	+0.70	+1.78%	40.00	40.05
3-Aug	44,708	17,606	1,749,901,792	39.10	39.35	38.80	39.30	+0.20	+0.51%	39.25	39.30

Source: TSE, compiled by Digitimes

Latest sales

UMC: Consolidated revenues, Jul 2021 - Jul 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Jul-22	24,827	(0%)	35.2%	160,305	37.8%
Jun-22	24,826	1.6%	43.2%	135,478	38.2%
May-22	24,433	7.2%	42.1%	110,652	37.2%
Apr-22	22,796	3%	39.2%	86,219	35.8%
Mar-22	22,140	6.4%	33.2%	63,423	34.7%
Feb-22	20,810	1.7%	39.2%	41,282	35.5%
Jan-22	20,473	1%	31.8%	20,473	31.8%
Dec-21	20,280	3.1%	32.7%	213,011	20.5%
Nov-21	19,661	2.6%	33.5%	192,731	19.3%
Oct-21	19,159	2.2%	25.4%	173,070	17.9%
Sep-21	18,751	(0.2%)	29%	153,911	17%
Aug-21	18,790	2.3%	26.6%	135,161	15.5%
Jul-21	18,366	5.9%	18.5%	116,371	13.9%

*Figures are consolidated
Source: TSE, compiled by DIGITIMES Asia, August 2022

UMC: Consolidated revenues, 1Q21 - 1Q22 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
1Q-22	63,423	7.3%	34.7%	63,423	34.7%
4Q-21	59,100	5.7%	30.5%	213,011	20.5%
3Q-21	55,907	9.8%	24.6%	153,911	17%
2Q-21	50,908	8.1%	14.7%	98,005	13.1%
1Q-21	47,097	4%	11.4%	47,097	11.4%

*Figures are consolidated
Source: TSE, compiled by DIGITIMES Asia, August 2022

Latest balance sheet and income statement

UMC: Consolidated balance sheet, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022	4Q-2021	3Q-2021	2Q-2021	1Q-2021
Current assets	249,683,169	233,273,433	211,603,426	207,833,325	179,083,142
Intangible assets	3,602,842	3,644,933	4,191,725	4,658,255	4,657,989
Non-current assets	233,225,347	231,153,338	217,189,205	213,844,069	215,179,012
Assets	482,908,516	464,426,771	428,792,631	421,677,394	394,262,154
Current liabilities	93,120,396	105,453,729	84,545,361	85,004,503	78,530,847
Non-current liabilities	87,503,013	77,770,158	86,643,546	96,480,764	66,058,547
Liabilities	180,623,409	183,223,887	171,188,907	181,485,267	144,589,394
Stockholders' equity	302,285,107	281,202,884	257,603,724	240,192,127	249,672,760

*Figures are consolidated
Source: TSE, compiled by DIGITIMES Asia, August 2022

UMC: Consolidated income statement, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022		4Q-2021		3Q-2021		2Q-2021		1Q-2021
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	63,422,820		59,099,588		55,906,677		50,907,741		47,097,012
Gross profit (loss) from operations	27,504,330	43.4%	23,103,344	39.1%	20,544,011	36.7%	15,907,972	31.2%	12,494,302	26.5%
Operating expenses	6,513,481	10.3%	6,821,044	11.5%	6,635,817	11.9%	6,201,110	12.2%	5,932,203	12.6%
Operating income (loss)	22,334,187	35.2%	17,616,305	29.8%	15,135,136	27.1%	11,313,098	22.2%	7,621,747	16.2%
Non-operating expenses and losses	1,313,687	2.1%	557,799	0.9%	4,316,724	7.7%	1,881,273	3.7%	3,361,322	7.1%
Income from continuing operations before income tax	23,647,874	37.3%	18,174,104	30.8%	19,451,860	34.8%	13,194,371	25.9%	10,983,069	23.3%
Net income (loss)	20,065,623	31.6%	16,004,568	27.1%	17,351,943	31%	11,866,601	23.3%	9,888,898	21%
Diluted earnings per share (NT$)	1.6		1.3		1.4		1		0.8

*Figures are consolidated
Source: TSE, compiled by DIGITIMES Asia, August 2022

United Microelectronics Corporation full profile

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