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Electronic Technology

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 TWDUSD
Revenue151,252.57M5,015.92M
Gross Profit18,931.55M627.81M
Operating income680.34M22.56M
Income before tax2,852.10M94.58M
Net income7,072.99M234.55M
EBITDA52,556.78M1,742.91M
Diluted EPS0.540.01
Dividends Per Share0.580.01
Total Assets364,604.90M11,862.08M
Total liabilities144,419.63M4,698.56M
Total equity206,069.72M6,704.28M
Operating cash flow50,145.31M1,662.94M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 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 2014Dec 2015Dec 2016Dec 2017Dec 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
PER19.25
ROA1.86%
ROE3.38%
Operating margin0.44%
Profit margin4.67%

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

Related Companies

  • United Semiconductor Japan Co. Ltd.
  • United Semiconductor (Xiamen) Co., Ltd.
  • Thintek Optronics Corp.
  • United Microelectronics Corp. (Singapore)
  • United Microdisplay Optronics Corp.
  • NexPower Technology Corp.
  • TLC Capital Co., Ltd.
  • United Microelectronics Europe BV
  • Alpha Wisdom Ltd.
  • UMC Group (USA)
  • United Integrated Circuits Corp.
  • World Wiser Electronics
  • UTEK Semiconductor Corp.
  • United Microelectronics Corp. (Samoa)
  • UMC Capital Corp.
  • SiS Microelectronics Corp
  • Silicon7, Inc.
  • UMCi Ltd.
  • Fortune Venture Capital Corp

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

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