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United Microelectronics Corp.
- 11.55 TWD
- -0.15
- -1.28%
Taiwan
Mar 18, 2019Ticker
TAI(2303)Prev. close
11.70Market cap (TWD)
145,364.53MMarket cap (USD)
4,706.71MShares
12,424.31M
In the news
- China chipmaker Fujian Jinhua pleads not guilty to US theft charges Jan 10, 2019
- Taiwan chipmaker UMC's pullback hurts China self-sufficiency plans Jan 5, 2019
- Chinese chipmakers brace for next US crackdown Nov 2, 2018
- China's dream of chip self-sufficiency dented by US ban Oct 31, 2018
- US threatens Chinese chipmaker with ban on buying American tech Oct 30, 2018 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 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 | -- | -- |
| 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
| 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 | -- |
| 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 | -- |
| 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
- General Manager & Director: Shi Wang
- Co-President: Jason Wang
- Spokesman, Head-Finance & Accounting: Chi Tung Liu
- Assistant Manager-Accounting: An Pang Huang
Shareholders
- Hsieh Yung Investment Co. Ltd. (3.5%)
- Dimensional Fund Advisors LP (3.2%)
- BlackRock Fund Advisors (2.5%)
- Silicon Integrated Systems Corp. (2.5%)
- The Vanguard Group, Inc. (2.2%)
- Capital Research & Management Co. (World Investors) (1.5%)
- Norges Bank Investment Management (1.3%)
- Eastspring Investments (Singapore) Ltd. (0.9%)
- BlackRock Japan Co., Ltd. (0.9%)
- APG Asset Management NV (0.7%)
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 (Xiamen) Co., Ltd.
- Thintek Optronics Corp.
- United Microelectronics Corp. (Singapore)
- United Microdisplay Optronics Corp.
- UMC New Business Investment 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.
- X-FAB Silicon Foundries NV
- DB HiTek Co. LTD
- Hua Hong Semiconductor Ltd.
- Taiwan Semiconductor Manufacturing Co., Ltd.
- Samsung Electronics Co., Ltd.
- Toshiba Corporation
- Intel Corporation
- International Business Machines Corporation
- Vanguard International Semiconductor Co.
- Tower Semiconductor Ltd
- ITEK Semiconductor, Inc.
- Motech Industries, Inc.
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Last Updated on 18 Mar, 2019