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 2019 | TWD | USD |
| Revenue | 148,201.64M | 4,794.19M |
| Gross Profit | 18,104.57M | 585.66M |
| Operating income | -492.31M | -15.92M |
| Income before tax | 4,588.14M | 148.42M |
| Net income | 9,707.61M | 314.03M |
| EBITDA | 48,634.96M | 1,573.30M |
| Diluted EPS | 0.75 | 0.02 |
| Dividends Per Share | 0.80 | 0.02 |
| Total Assets | 370,187.36M | 12,349.04M |
| Total liabilities | 153,201.96M | 5,110.65M |
| Total equity | 206,804.35M | 6,898.76M |
| Operating cash flow | 55,498.99M | 1,795.34M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 144,830.42M | 147,870.12M | 149,284.70M | 151,252.57M | 148,201.64M |
| Gross Profit | 28,042.65M | 26,086.93M | 22,831.74M | 18,931.55M | 18,104.57M |
| Operating income | 11,799.39M | 6,456.70M | 4,914.62M | 680.34M | -492.31M |
| Income before tax | 13,642.68M | 5,036.75M | 7,521.46M | 2,852.10M | 4,588.14M |
| Net income | 13,448.62M | 8,315.66M | 9,628.73M | 7,072.99M | 9,707.61M |
| EBITDA | 57,202.00M | 58,344.99M | 57,873.01M | 52,556.78M | 48,634.96M |
| Diluted EPS | 1.02 | 0.63 | 0.74 | 0.54 | 0.75 |
| Dividends Per Share | 0.56 | 0.50 | 0.71 | 0.58 | 0.80 |
| Total Assets | 337,366.81M | 386,655.18M | 394,099.16M | 364,604.90M | 370,187.36M |
| Total liabilities | 110,121.52M | 161,077.22M | 169,859.62M | 144,419.63M | 153,201.96M |
| Total equity | 225,218.21M | 215,007.77M | 211,508.65M | 206,069.72M | 206,804.35M |
| Operating cash flow | 60,042.87M | 46,450.49M | 52,474.39M | 50,145.31M | 55,498.99M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 4,561.00M | 4,585.00M | 4,907.01M | 5,015.92M | 4,794.19M |
| Gross Profit | 883.12M | 808.87M | 750.48M | 627.81M | 585.66M |
| Operating income | 371.58M | 200.20M | 161.54M | 22.56M | -15.92M |
| Income before tax | 429.63M | 156.17M | 247.23M | 94.58M | 148.42M |
| Net income | 423.52M | 257.84M | 316.49M | 234.55M | 314.03M |
| EBITDA | 1,801.40M | 1,809.10M | 1,902.29M | 1,742.91M | 1,573.30M |
| Diluted EPS | 0.03 | 0.01 | 0.02 | 0.01 | 0.02 |
| Dividends Per Share | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 |
| Total Assets | 10,270.85M | 11,997.11M | 13,243.24M | 11,862.08M | 12,349.04M |
| Total liabilities | 3,352.55M | 4,997.89M | 5,707.93M | 4,698.56M | 5,110.65M |
| Total equity | 6,856.58M | 6,671.25M | 7,107.50M | 6,704.28M | 6,898.76M |
| Operating cash flow | 1,890.87M | 1,440.28M | 1,724.84M | 1,662.94M | 1,795.34M |
Valuation Measures
| Dec 2019 | |
| PER | 19.97 |
| ROA | 2.64% |
| ROE | 4.70% |
| Operating margin | -0.33% |
| Profit margin | 6.55% |
Key executives
- Co-President, General Manager & Director: Shan Chieh Chien
- President, General Manager & Director: Jason Wang
- Chief Financial Officer & Director: Chi Tung Liu
- Vice President & General Counsel: Lucas S. Chang
Shareholders
- Yuanta Securities Investment Trust Co., Ltd. (13.0%)
- Hsieh Yung Investment Co. Ltd. (3.5%)
- Silicon Integrated Systems Corp. (2.2%)
- The Vanguard Group, Inc. (2.2%)
- BlackRock Fund Advisors (2.1%)
- Dimensional Fund Advisors LP (1.8%)
- Morgan Stanley Investment Management Ltd. (1.7%)
- Eastspring Investments (Singapore) Ltd. (1.4%)
- Norges Bank Investment Management (1.4%)
- APG Asset Management NV (0.9%)
Contact Details
- Website:http://www.umc.com
- Phone: +886.3.578.2258
Related Companies
- SocialNex Italia 1 Srl
- 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
- 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 27 Nov, 2020
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