United Microelectronics Corp.

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See more articles on United Microelectronics Corp.

Company Background

United Microelectronics is a Taiwanese chipmaker, with assets of around $10 billion. It sells a range of products, including CMOS wafers, memory chips and high-voltage integrated circuits. UMC has over 17,000 employees worldwide and offices in Taiwan, Japan, South Korea, China, Singapore, the U.S. and Europe.

UMC is expanding aggressively overseas. The company bought a 9%, $48 million stake in a subsidiary of Japan's Fujitsu Semiconductor, which owns a Japanese plant that makes 12-inch wafers. UMC has also set up a joint venture with China's Xiamen municipal government and state-owned Fujian Electronics and Information Group to build a semiconductor fabrication plant in Xiamen.

UMC will invest a total of $1.35 billion in the venture over five years, starting in 2015. As part of the plan, the venture purchased a 33% stake in Xiamen-based chipmaker United Semiconductor in January 2015.

UMC was founded in 1980 as Taiwan's first semiconductor company. Yen Po-wen, who joined UMC in 1986, has served as CEO since 2012. Before that, he was senior vice president in charge of 12-inch operations.

Business Summary

United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor (CMOS) logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits (ICs), and complementary metal-oxide semiconductor image sensors. The company was founded on May 22, 1980 and is headquartered in Hsinchu, Taiwan.

Financial Highlights

Dec 2018	TWD	USD
Revenue	151,252.57M	5,015.92M
Gross Profit	18,931.55M	627.81M
Operating income	680.34M	22.56M
Income before tax	2,852.10M	94.58M
Net income	7,072.99M	234.55M
EBITDA	52,556.78M	1,742.91M
Diluted EPS	0.54	0.01
Dividends Per Share	0.58	0.01
Total Assets	364,604.90M	11,862.08M
Total liabilities	144,419.63M	4,698.56M
Total equity	206,069.72M	6,704.28M
Operating cash flow	50,145.31M	1,662.94M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	140,012.36M	144,830.42M	147,870.12M	149,284.70M	151,252.57M
Gross Profit	28,256.19M	28,042.65M	26,086.93M	22,831.74M	18,931.55M
Operating income	10,482.17M	11,799.39M	6,456.70M	4,914.62M	680.34M
Income before tax	13,467.77M	13,642.68M	5,036.75M	7,521.46M	2,852.10M
Net income	12,141.34M	13,448.62M	8,315.66M	9,628.73M	7,072.99M
EBITDA	51,139.53M	57,202.00M	58,344.99M	57,873.01M	52,556.78M
Diluted EPS	0.96	1.02	0.63	0.74	0.54
Dividends Per Share	0.54	0.56	0.50	0.71	0.58
Total Assets	313,245.64M	337,366.81M	386,655.18M	394,099.16M	364,604.90M
Total liabilities	88,236.79M	110,121.52M	161,077.22M	169,859.62M	144,419.63M
Total equity	221,159.05M	225,218.21M	215,007.77M	211,508.65M	206,069.72M
Operating cash flow	44,788.25M	60,042.87M	46,450.49M	52,474.39M	50,145.31M

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	4,620.37M	4,561.00M	4,585.00M	4,907.01M	5,015.92M
Gross Profit	932.44M	883.12M	808.87M	750.48M	627.81M
Operating income	345.90M	371.58M	200.20M	161.54M	22.56M
Income before tax	444.43M	429.63M	156.17M	247.23M	94.58M
Net income	400.66M	423.52M	257.84M	316.49M	234.55M
EBITDA	1,687.59M	1,801.40M	1,809.10M	1,902.29M	1,742.91M
Diluted EPS	0.03	0.03	0.01	0.02	0.01
Dividends Per Share	0.01	0.01	0.01	0.02	0.01
Total Assets	9,912.20M	10,270.85M	11,997.11M	13,243.24M	11,862.08M
Total liabilities	2,792.12M	3,352.55M	4,997.89M	5,707.93M	4,698.56M
Total equity	6,998.26M	6,856.58M	6,671.25M	7,107.50M	6,704.28M
Operating cash flow	1,478.00M	1,890.87M	1,440.28M	1,724.84M	1,662.94M

Valuation Measures

Dec 2018
PER	19.25
ROA	1.86%
ROE	3.38%
Operating margin	0.44%
Profit margin	4.67%

Key executives

Co-President, General Manager & Director: Shan Chieh Chien
President, General Manager & Director: Jason Wang
Deputy GM, Spokesman, Head-Finance & Accounting: Chi Tung Liu

Shareholders

Capital Research & Management Co. (World Investors) (5.1%)
Hsieh Yung Investment Co. Ltd. (3.7%)
Dimensional Fund Advisors LP (3.4%)
Silicon Integrated Systems Corp. (2.4%)
The Vanguard Group, Inc. (2.3%)
BlackRock Fund Advisors (2.2%)
Silchester International Investors LLP (1.8%)
Prudential Plc (1.5%)
Norges Bank Investment Management (1.5%)
Yann Yuan Investment Co. Ltd. (1.4%)

Contact Details

Website:http://www.umc.com
Address: No. 3, 2nd Li-Hsin Road, Hsinchu Science Park, Hsinchu, 300 78, Taiwan
Phone: +886.3.578.2258

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Competitors

Semiconductor Manufacturing International Corp.
DB HiTek Co. LTD
Taiwan Semiconductor Manufacturing Co., Ltd.
Hua Hong Semiconductor Ltd.
Samsung Electronics Co., Ltd.
X-FAB Silicon Foundries SE
Toshiba Corporation
Intel Corporation
International Business Machines Corporation
Vanguard International Semiconductor Co.
ITEK, Inc.
Motech Industries, Inc.
T'way Holdings, Inc.
Episil Holdings Inc
Atomera Incorporated
Kinik Co.

Last Updated on 23 Oct, 2019