United Microelectronics Corp.

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Taiwan tech sector turns to Japan to counter 'red supply chain' Nov 28, 2019

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

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	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	0.75	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

TWD | USD

	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	0.75
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 & Vice President: Chi Tung Liu
Vice President & General Counsel: Lucas S. Chang
Finance Manager: Chieh Min Wang

Shareholders

Capital Research & Management Co. (World Investors) (5.1%)
Hsieh Yung Investment Co. Ltd. (3.7%)
Dimensional Fund Advisors LP (3.0%)
The Vanguard Group, Inc. (2.4%)
Silicon Integrated Systems Corp. (2.4%)
BlackRock Fund Advisors (2.1%)
Eastspring Investments (Singapore) Ltd. (1.9%)
Silchester International Investors LLP (1.8%)
Prudential Plc (1.5%)
Norges Bank Investment Management (1.5%)

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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Competitors

Semiconductor Manufacturing International Corp.
DB HiTek Co. LTD
Taiwan Semiconductor Manufacturing Co., Ltd.
Hua Hong Semiconductor Ltd.
Samsung Electronics Co., Ltd.
X-FAB Silicon Foundries SE
Toshiba Corporation
Intel Corporation
International Business Machines Corporation
Vanguard International Semiconductor Co.
Hana Micron Inc.
ITEK, Inc.
Motech Industries, Inc.
T'way Holdings, Inc.
Episil Holdings Inc
YeaRimDang Publishing Co., Ltd.
Kinik Co.
Uniquest Corporation

Last Updated on 8 Apr, 2020