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Electronic Technology

United Microelectronics Corp.

  • 10.50 TWD
  • -0.30
  • -2.78%
  • Taiwan
    Nov 14, 2018
  • Ticker
    TAI(2303)
  • Prev. close
    10.80
  • Market cap (TWD)
    134,182.65M
  • Market cap (USD)
    4,338.61M
  • Shares
    12,424.31M

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

United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor (CMOS) logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits (ICs), and complementary metal-oxide semiconductor image sensors. The company was founded on May 22, 1980 and is headquartered in Hsinchu, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Revenue149,284.70M4,907.01M
Gross Profit22,831.74M750.48M
Operating income4,914.62M161.54M
Income before tax7,521.46M247.23M
Net income9,628.73M316.49M
EBITDA57,873.01M1,902.29M
Diluted EPS0.740.02
Dividends Per Share0.710.02
Total Assets394,099.16M13,243.24M
Total liabilities169,859.62M5,707.93M
Total equity211,508.65M7,107.50M
Operating cash flow52,474.39M1,724.84M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 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 2013Dec 2014Dec 2015Dec 2016Dec 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
PER17.97
ROA2.46%
ROE4.51%
Operating margin3.29%
Profit margin6.44%

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. (3.5%)
  • Dimensional Fund Advisors LP (3.3%)
  • BlackRock Fund Advisors (2.6%)
  • Silicon Integrated Systems Corp. (2.5%)
  • The Vanguard Group, Inc. (2.1%)
  • Norges Bank Investment Management (1.3%)
  • Fidelity Management & Research Co. (0.6%)
  • BlackRock Advisors (UK) Ltd. (0.6%)
  • Eastspring Investments (Singapore) 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

  • 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.
Last Updated on 14 Nov, 2018

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