United Microelectronics Corp.

In the news

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TSMC rebuffs Samsung challenge to chip foundry dominance Jul 5, 2020
Exclusive: Huawei stockpiles supplies, fearing new US tech ban Jan 22, 2020

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. is engaged in the semiconductor foundry business, which offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors. The company was founded on May 22, 1980 and is headquartered in Hsinchu, Taiwan.

Financial Highlights

Dec 2021	TWD	USD
Revenue	213,011.01M	7,626.09M
Gross Profit	68,080.35M	2,437.37M
Operating income	46,459.45M	1,663.31M
Income before tax	53,308.36M	1,908.51M
Net income	55,780.25M	1,997.01M
EBITDA	93,265.86M	3,339.04M
Diluted EPS	4.47	0.16
Dividends Per Share	3	0.10
Total Assets	464,426.77M	16,786.30M
Total liabilities	178,776.83M	6,461.73M
Total equity	280,979.70M	10,155.77M
Operating cash flow	90,351.89M	3,234.72M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	149,284.70M	151,252.57M	148,201.64M	176,820.91M	213,011.01M
Gross Profit	22,831.74M	18,931.55M	18,104.57M	35,222.22M	68,080.35M
Operating income	4,914.62M	680.34M	-492.31M	15,753.51M	46,459.45M
Income before tax	7,521.46M	2,852.10M	4,588.14M	21,258.22M	53,308.36M
Net income	9,628.73M	7,072.99M	9,707.61M	29,189.48M	55,780.25M
EBITDA	57,873.01M	52,556.78M	48,634.96M	64,393.85M	93,265.86M
Diluted EPS	0.74	0.54	0.75	2.34	4.47
Dividends Per Share	0.71	0.58	0.80	1.59	3
Total Assets	394,099.16M	364,604.90M	370,187.36M	377,516.37M	464,426.77M
Total liabilities	169,859.62M	144,419.63M	153,201.96M	135,372.37M	178,776.83M
Total equity	211,508.65M	206,069.72M	206,804.35M	235,659.74M	280,979.70M
Operating cash flow	52,474.39M	50,145.31M	55,498.99M	64,868.31M	90,351.89M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	4,907.01M	5,015.92M	4,794.19M	6,005.22M	7,626.09M
Gross Profit	750.48M	627.81M	585.66M	1,196.22M	2,437.37M
Operating income	161.54M	22.56M	-15.92M	535.02M	1,663.31M
Income before tax	247.23M	94.58M	148.42M	721.97M	1,908.51M
Net income	316.49M	234.55M	314.03M	991.33M	1,997.01M
EBITDA	1,902.29M	1,742.91M	1,573.30M	2,186.95M	3,339.04M
Diluted EPS	0.02	0.01	0.02	0.07	0.16
Dividends Per Share	0.02	0.01	0.02	0.05	0.10
Total Assets	13,243.24M	11,862.08M	12,349.04M	13,435.70M	16,786.30M
Total liabilities	5,707.93M	4,698.56M	5,110.65M	4,817.86M	6,461.73M
Total equity	7,107.50M	6,704.28M	6,898.76M	8,387.06M	10,155.77M
Operating cash flow	1,724.84M	1,662.94M	1,795.34M	2,203.06M	3,234.72M

Valuation Measures

Dec 2021
PER	14.23
ROA	13.25%
ROE	21.59%
Operating margin	21.81%
Profit margin	26.18%

Key executives

Co-President, Co-General Manager & Director: Shan Chieh Chien
Co-President, Co-General Manager & Director: Jason Wang
Chief Financial Officer, Head-Finance & Accounting: Chi Tung Liu
Vice President, Deputy GM & General Counsel: Lucas S. Chang
Director-Factory & Vice President: Shian Ho Shen

Shareholders

Hsieh Yung Investment Co. Ltd. (3.5%)
Silicon Integrated Systems Corp. (2.2%)
BlackRock Fund Advisors (2.2%)
The Vanguard Group, Inc. (2.1%)
Yuanta Securities Investment Trust Co., Ltd. (1.9%)
Norges Bank Investment Management (1.4%)
Goldman Sachs Asset Management International (0.7%)
Dimensional Fund Advisors LP (0.7%)
AllianceBernstein LP (0.7%)
BlackRock Advisors (UK) Ltd. (0.6%)

Contact Details

Website:http://www.umc.com
Address: Hsinchu Science Park, No. 3, Li-Hsin 2nd Road, Hsinchu, 300 78, Taiwan
Phone: +886.3.578.2258

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Competitors

GlobalFoundries Inc.
Taiwan Semiconductor Manufacturing Co., Ltd.
Semiconductor Manufacturing International Corp.
Samsung Electronics Co., Ltd.
Hua Hong Semiconductor Ltd.
X-FAB Silicon Foundries SE
DB HiTek Co. LTD
Intel Corporation
Toshiba Corporation
Tower Semiconductor Ltd
Vanguard International Semiconductor Corp
SkyWater Technology Inc
Hana Micron Inc.
Episil Technologies Inc.
Kinik Co.
Primarius Technologies Co. Ltd. Class A

Last Updated on 17 Aug, 2022