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
Financial Highlights
Dec 2022 | TWD | USD |
Revenue | 278,705.26M | 9,348.45M |
Gross Profit | 122,637.34M | 4,113.55M |
Operating income | 98,952.57M | 3,319.11M |
Income before tax | 107,949.00M | 3,620.87M |
Net income | 87,198.29M | 2,924.84M |
EBITDA | 142,855.84M | 4,791.73M |
Diluted EPS | 6.86 | 0.23 |
Dividends Per Share | 3.60 | 0.12 |
Total Assets | 533,052.09M | 17,343.20M |
Total liabilities | 195,605.55M | 6,364.15M |
Total equity | 335,107.26M | 10,902.93M |
Operating cash flow | 145,860.52M | 4,892.51M |
Currency in TWD | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 151,252.57M | 148,201.64M | 176,820.91M | 213,011.01M | 278,705.26M |
Gross Profit | 18,931.55M | 18,104.57M | 35,222.22M | 68,080.35M | 122,637.34M |
Operating income | 680.34M | -492.31M | 15,753.51M | 46,459.45M | 98,952.57M |
Income before tax | 2,852.10M | 4,588.14M | 21,258.22M | 53,308.36M | 107,949.00M |
Net income | 7,072.99M | 9,707.61M | 29,189.48M | 55,780.25M | 87,198.29M |
EBITDA | 52,556.78M | 48,634.96M | 64,393.85M | 93,265.86M | 142,855.84M |
Diluted EPS | 0.54 | 0.75 | 2.34 | 4.47 | 6.86 |
Dividends Per Share | 0.58 | 0.80 | 1.59 | 3 | 3.60 |
Total Assets | 364,604.90M | 370,187.36M | 377,516.37M | 464,426.77M | 533,052.09M |
Total liabilities | 144,419.63M | 153,201.96M | 135,372.37M | 178,776.83M | 195,605.55M |
Total equity | 206,069.72M | 206,804.35M | 235,659.74M | 280,979.70M | 335,107.26M |
Operating cash flow | 50,145.31M | 55,498.99M | 64,868.31M | 90,351.89M | 145,860.52M |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 5,015.92M | 4,794.19M | 6,005.22M | 7,626.09M | 9,348.45M |
Gross Profit | 627.81M | 585.66M | 1,196.22M | 2,437.37M | 4,113.55M |
Operating income | 22.56M | -15.92M | 535.02M | 1,663.31M | 3,319.11M |
Income before tax | 94.58M | 148.42M | 721.97M | 1,908.51M | 3,620.87M |
Net income | 234.55M | 314.03M | 991.33M | 1,997.01M | 2,924.84M |
EBITDA | 1,742.91M | 1,573.30M | 2,186.95M | 3,339.04M | 4,791.73M |
Diluted EPS | 0.01 | 0.02 | 0.07 | 0.16 | 0.23 |
Dividends Per Share | 0.01 | 0.02 | 0.05 | 0.10 | 0.12 |
Total Assets | 11,862.08M | 12,349.04M | 13,435.70M | 16,786.30M | 17,343.20M |
Total liabilities | 4,698.56M | 5,110.65M | 4,817.86M | 6,461.73M | 6,364.15M |
Total equity | 6,704.28M | 6,898.76M | 8,387.06M | 10,155.77M | 10,902.93M |
Operating cash flow | 1,662.94M | 1,795.34M | 2,203.06M | 3,234.72M | 4,892.51M |
Valuation Measures
Dec 2022 | |
PER | 5.74 |
ROA | 17.48% |
ROE | 28.30% |
Operating margin | 35.50% |
Profit margin | 31.28% |
Key executives
- Co-President & Director: Shan Chieh Chien
- Co-President & Director: Jason Wang
- CFO, Senior VP & Head-Corporate Governance: Chi Tung Liu
- Vice President, Deputy GM & General Counsel: Lucas S. Chang
- Director-Factory & Vice President: Shian Ho Shen
Shareholders
- Hsieh Yung Investment Co. Ltd. (3.5%)
- The Vanguard Group, Inc. (2.2%)
- Silicon Integrated Systems Corp. (2.2%)
- BlackRock Fund Advisors (2.1%)
- Yuanta Securities Investment Trust Co., Ltd. (1.9%)
- Norges Bank Investment Management (1.4%)
- Dimensional Fund Advisors LP (0.8%)
- AllianceBernstein LP (0.6%)
- BlackRock Advisors (UK) Ltd. (0.6%)
- APG Asset Management NV (0.6%)
Contact Details
- Website:http://www.umc.com
- Address: Hsinchu Science Park, No. 3, Li-Hsin 2nd Road, Hsinchu, 300 78, Taiwan
- Phone: +886.3.578.2258
Related Companies
- UMC Investment (Samoa) Ltd.
- UMC Korea Co., Ltd.
- SocialNex Italia 1 Srl
- Omni Global Ltd.
- Sino Paragon Ltd.
- United Semiconductor Japan Co., Ltd.
- United Semiconductor (Xiamen) Co., Ltd.
- Green Earth Ltd.
- Thintek Optronics Corp.
- Wavetek Microelectronics Corp.
- United Microelectronics Corp. (Singapore)
- United Microdisplay Optronics Corp.
- TLC Venture 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
- GlobalFoundries Inc.
- Intel Corporation
- Taiwan Semiconductor Manufacturing Co., Ltd.
- Semiconductor Manufacturing International Corp.
- Samsung Electronics Co., Ltd.
- Hua Hong Semiconductor Ltd.
- X-FAB Silicon Foundries SE
- DB HiTek Co. LTD
- Toshiba Corporation
- Tower Semiconductor Ltd
- Vanguard International Semiconductor Corp
- SkyWater Technology Inc
- Hana Micron Inc.
- Episil Technologies Inc.
- BCnC Co., Ltd.
- Kinik Co.
- Primarius Technologies Co. Ltd. Class A
- Taiwan Speciality Chemicals Corporation
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