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United Microelectronics Corp.
- 17.15 TWD
- -0.05
- -0.29%
Taiwan
Aug 17, 2018Ticker
TAI(2303)Prev. close
17.20Market cap (TWD)
217,138.28MMarket cap (USD)
7,043.65MShares
12,624.31M
In the news
- China rushes to absorb Arm's tech before tensions with US rise May 3, 2018
- US chipmaker GlobalFoundries asks China to probe TSMC Mar 7, 2018
- China's SMIC vows to step up its chip technology as profits sag Feb 15, 2018
- Shareholders approve merger of top Taiwanese chip assemblers Feb 12, 2018
- Nikkei Asia300 Index falls as Chinese lenders decline Jan 25, 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 2017 | TWD | USD |
| Revenue | 149,284.70M | 4,907.01M |
| Gross Profit | 22,831.74M | 750.48M |
| Operating income | 4,914.62M | 161.54M |
| Income before tax | 7,521.46M | 247.23M |
| Net income | 9,628.73M | 316.49M |
| EBITDA | 57,873.01M | 1,902.29M |
| Diluted EPS | 0.74 | 0.02 |
| Dividends Per Share | 0.71 | 0.02 |
| Total Assets | 394,099.16M | 13,243.24M |
| Total liabilities | 169,859.62M | 5,707.93M |
| Total equity | 211,508.65M | 7,107.50M |
| Operating cash flow | 52,474.39M | 1,724.84M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 123,811.63M | 140,012.36M | 144,830.42M | 147,870.12M | 149,284.70M |
| Gross Profit | 20,722.37M | 28,256.19M | 28,042.65M | 26,086.93M | 22,831.74M |
| Operating income | 4,157.45M | 10,482.17M | 11,799.39M | 6,456.70M | 4,914.62M |
| Income before tax | 13,613.19M | 13,467.77M | 13,642.68M | 5,036.75M | 7,521.46M |
| Net income | 12,630.20M | 12,141.34M | 13,448.62M | 8,315.66M | 9,628.73M |
| EBITDA | 42,519.29M | 51,139.53M | 57,202.00M | 58,344.99M | 57,873.01M |
| Diluted EPS | 0.95 | 0.96 | 1.02 | 0.63 | 0.74 |
| Dividends Per Share | 0.50 | 0.54 | 0.56 | 0.50 | 0.71 |
| Total Assets | 295,902.82M | 313,245.64M | 337,366.81M | 386,655.18M | 394,099.16M |
| Total liabilities | 83,867.78M | 88,236.79M | 110,121.52M | 161,077.22M | 169,859.62M |
| Total equity | 207,715.05M | 221,159.05M | 225,218.21M | 215,007.77M | 211,508.65M |
| Operating cash flow | 43,472.46M | 44,788.25M | 60,042.87M | 46,450.49M | 52,474.39M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 4,171.37M | 4,620.37M | 4,561.00M | 4,585.00M | 4,907.01M |
| Gross Profit | 698.16M | 932.44M | 883.12M | 808.87M | 750.48M |
| Operating income | 140.06M | 345.90M | 371.58M | 200.20M | 161.54M |
| Income before tax | 458.64M | 444.43M | 429.63M | 156.17M | 247.23M |
| Net income | 425.52M | 400.66M | 423.52M | 257.84M | 316.49M |
| EBITDA | 1,432.53M | 1,687.59M | 1,801.40M | 1,809.10M | 1,902.29M |
| Diluted EPS | 0.03 | 0.03 | 0.03 | 0.01 | 0.02 |
| Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Total Assets | 9,928.45M | 9,912.20M | 10,270.85M | 11,997.11M | 13,243.24M |
| Total liabilities | 2,814.02M | 2,792.12M | 3,352.55M | 4,997.89M | 5,707.93M |
| Total equity | 6,969.48M | 6,998.26M | 6,856.58M | 6,671.25M | 7,107.50M |
| Operating cash flow | 1,464.64M | 1,478.00M | 1,890.87M | 1,440.28M | 1,724.84M |
Valuation Measures
| Dec 2017 | |
| PER | 17.97 |
| ROA | 2.46% |
| ROE | 4.51% |
| Operating margin | 3.29% |
| Profit margin | 6.44% |
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
- Capital Research & Management Co. (Global Investors) (3.8%)
- Hsieh Yung Investment Co. Ltd. (3.4%)
- Dimensional Fund Advisors LP (3.2%)
- Fidelity Management & Research Co. (2.9%)
- Silicon Integrated Systems Corp. (2.4%)
- BlackRock Fund Advisors (2.4%)
- The Vanguard Group, Inc. (2.0%)
- Norges Bank Investment Management (1.2%)
- Capital Research & Management Co. (World Investors) (0.7%)
- BlackRock Advisors (UK) Ltd. (0.6%)
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
- 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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