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Electronic Technology

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

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 2019 TWDUSD
Revenue148,201.64M4,794.19M
Gross Profit18,104.57M585.66M
Operating income-492.31M-15.92M
Income before tax4,588.14M148.42M
Net income9,707.61M314.03M
EBITDA48,634.96M1,573.30M
Diluted EPS0.750.02
Dividends Per Share0.800.02
Total Assets370,187.36M12,349.04M
Total liabilities153,201.96M5,110.65M
Total equity206,804.35M6,898.76M
Operating cash flow55,498.99M1,795.34M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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
PER19.97
ROA2.64%
ROE4.70%
Operating margin-0.33%
Profit margin6.55%

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

  • Capital Research & Management Co. (World Investors) (4.9%)
  • Hsieh Yung Investment Co. Ltd. (3.6%)
  • The Vanguard Group, Inc. (2.3%)
  • Silicon Integrated Systems Corp. (2.3%)
  • BlackRock Fund Advisors (2.0%)
  • Dimensional Fund Advisors LP (1.9%)
  • Morgan Stanley Investment Management Ltd. (1.8%)
  • Silchester International Investors LLP (1.7%)
  • Yuanta Securities Investment Trust Co., Ltd. (1.5%)
  • Prudential Plc (1.4%)

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

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  • United Semiconductor Japan Co. Ltd.
  • United Semiconductor (Xiamen) Co., Ltd.
  • Thintek Optronics Corp.
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  • United Microdisplay Optronics Corp.
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  • Alpha Wisdom Ltd.
  • UMC Group (USA)
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  • UTEK Semiconductor Corp.
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  • UMC Capital Corp.
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  • 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
  • ITEK, Inc.
  • Motech Industries, Inc.
  • T'way Holdings, Inc.
  • YeaRimDang Publishing Co., Ltd.
  • Advanced Wireless Semiconductor Co.
  • Kinik Co.
  • Shenzhen Inovance Technology Co., Ltd Class A
Last Updated on 25 Sep, 2020

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