United Microelectronics Corp.
In the news
- TSMC and MediaTek fuel rebound by Taiwan's tech sector Aug 22, 2020
- Intel falls behind Asian rival TSMC in chip race Jul 27, 2020
- SMIC makes biggest market debut in China in 10 years Jul 16, 2020
- TSMC rebuffs Samsung challenge to chip foundry dominance Jul 5, 2020
- Exclusive: Huawei stockpiles supplies, fearing new US tech ban Jan 22, 2020 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
Financial Highlights
| Dec 2020 | TWD | USD |
| Revenue | 176,820.91M | 6,005.22M |
| Gross Profit | 35,222.22M | 1,196.22M |
| Operating income | 15,753.51M | 535.02M |
| Income before tax | 21,258.22M | 721.97M |
| Net income | 29,189.48M | 991.33M |
| EBITDA | 64,393.85M | 2,186.95M |
| Diluted EPS | 2.34 | 0.07 |
| Dividends Per Share | -- | -- |
| Total Assets | 377,516.37M | 13,435.70M |
| Total liabilities | 135,372.37M | 4,817.86M |
| Total equity | 235,659.74M | 8,387.06M |
| Operating cash flow | 64,868.31M | 2,203.06M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 147,870.12M | 149,284.70M | 151,252.57M | 148,201.64M | 176,820.91M |
| Gross Profit | 26,086.93M | 22,831.74M | 18,931.55M | 18,104.57M | 35,222.22M |
| Operating income | 6,456.70M | 4,914.62M | 680.34M | -492.31M | 15,753.51M |
| Income before tax | 5,036.75M | 7,521.46M | 2,852.10M | 4,588.14M | 21,258.22M |
| Net income | 8,315.66M | 9,628.73M | 7,072.99M | 9,707.61M | 29,189.48M |
| EBITDA | 58,344.99M | 57,873.01M | 52,556.78M | 48,634.96M | 64,393.85M |
| Diluted EPS | 0.63 | 0.74 | 0.54 | 0.75 | 2.34 |
| Dividends Per Share | 0.50 | 0.71 | 0.58 | 0.80 | -- |
| Total Assets | 386,655.18M | 394,099.16M | 364,604.90M | 370,187.36M | 377,516.37M |
| Total liabilities | 161,077.22M | 169,859.62M | 144,419.63M | 153,201.96M | 135,372.37M |
| Total equity | 215,007.77M | 211,508.65M | 206,069.72M | 206,804.35M | 235,659.74M |
| Operating cash flow | 46,450.49M | 52,474.39M | 50,145.31M | 55,498.99M | 64,868.31M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 4,585.00M | 4,907.01M | 5,015.92M | 4,794.19M | 6,005.22M |
| Gross Profit | 808.87M | 750.48M | 627.81M | 585.66M | 1,196.22M |
| Operating income | 200.20M | 161.54M | 22.56M | -15.92M | 535.02M |
| Income before tax | 156.17M | 247.23M | 94.58M | 148.42M | 721.97M |
| Net income | 257.84M | 316.49M | 234.55M | 314.03M | 991.33M |
| EBITDA | 1,809.10M | 1,902.29M | 1,742.91M | 1,573.30M | 2,186.95M |
| Diluted EPS | 0.01 | 0.02 | 0.01 | 0.02 | 0.07 |
| Dividends Per Share | 0.01 | 0.02 | 0.01 | 0.02 | -- |
| Total Assets | 11,997.11M | 13,243.24M | 11,862.08M | 12,349.04M | 13,435.70M |
| Total liabilities | 4,997.89M | 5,707.93M | 4,698.56M | 5,110.65M | 4,817.86M |
| Total equity | 6,671.25M | 7,107.50M | 6,704.28M | 6,898.76M | 8,387.06M |
| Operating cash flow | 1,440.28M | 1,724.84M | 1,662.94M | 1,795.34M | 2,203.06M |
Valuation Measures
| Dec 2020 | |
| PER | 19.50 |
| ROA | 7.80% |
| ROE | 13.19% |
| Operating margin | 8.90% |
| Profit margin | 16.50% |
Key executives
- Co-President, Co-General Manager & Director: Shan Chieh Chien
- Co-President, Co-General Manager & Director: Jason Wang
- Deputy GM, Spokesman, Head-Finance & Accounting: Chi Tung Liu
- Vice President, Deputy GM & General Counsel: Lucas S. Chang
- Manager: Chao Wei Weng
Shareholders
- Hsieh Yung Investment Co. Ltd. (3.5%)
- BlackRock Fund Advisors (2.3%)
- Silicon Integrated Systems Corp. (2.2%)
- The Vanguard Group, Inc. (2.1%)
- Morgan Stanley Investment Management Ltd. (1.7%)
- Norges Bank Investment Management (1.4%)
- Dimensional Fund Advisors LP (1.4%)
- Eastspring Investments (Singapore) Ltd. (1.4%)
- Robeco Institutional Asset Management BV (0.8%)
- APG Asset Management NV (0.8%)
Contact Details
- Website:http://www.umc.com
- Address: Hsinchu Science Park, No. 3, Li-Hsin 2nd Road, Hsinchu, 300 78, Taiwan
- Phone: +886.3.5782258
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Competitors
- DB HiTek Co. LTD
- Hua Hong Semiconductor Ltd.
- Semiconductor Manufacturing International Corp.
- Taiwan Semiconductor Manufacturing Co., Ltd.
- Samsung Electronics Co., Ltd.
- X-FAB Silicon Foundries SE
- Intel Corporation
- International Business Machines Corporation
- Toshiba Corporation
- Vanguard International Semiconductor Co.
- Tower Semiconductor Ltd
- Hana Micron Inc.
- Episil Holdings Inc
- Motech Industries, Inc.
- T'way Holdings, Inc.
- YeaRimDang Publishing Co., Ltd.
- Advanced Wireless Semiconductor Co.
- Kinik Co.
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Last Updated on 5 Mar, 2021
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