www.umc.com under the “Investors / Events” section.

About UMC

UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry that provides advanced IC production for applications spanning every major sector of the electronics industry. UMC’s comprehensive foundry solutions enable chip designers to leverage the company’s sophisticated technology and manufacturing, which include world-class 28nm High-K/Metal Gate technology, 14nm FinFET volume production, specialty process platforms specifically developed for AI, 5G and IoT applications and the automotive industry’s highest-rated AEC-Q100 Grade-0 manufacturing capabilities for the production of ICs found in vehicles. UMC’s 11 wafer fabs are strategically located throughout Asia and are able to produce over 600,000 wafers per month. The company employs more than 20,000 people worldwide, with offices in Taiwan, China, Europe, Japan, Korea, Singapore, and the United States. UMC can be found on the web at http://www.umc.com.

Note from UMC Concerning Forward-Looking Statements

Some of the statements in the foregoing announcement are forward-looking within the meaning of the U.S. Federal Securities laws, including statements about introduction of new services and technologies, future outsourcing, competition, wafer capacity, business relationships and market conditions. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy; acceptance and demand for products from UMC; and technological and development risks. Further information regarding these and other risks is included in UMC’s filings with the U.S. Securities and Exchange Commission. UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Safe Harbor Statements

This release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by use of words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to: (i) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic and political conditions; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, including natural disasters, terrorist activity, armed conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii) fluctuations in foreign currency exchange rates. Further information regarding these and other risks is included in UMC’s filings with the United States Securities and Exchange Commission. All information provided in this release is as of the date of this release and are based on assumptions that UMC believes to be reasonable as of this date, and UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

The financial statements included in this release are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the ROC, which is different from International Financial Reporting Standards, or IFRSs, issued by the International Accounting Standards Board. Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs differ in certain significant respects from generally accepted accounting principles in the ROC and generally accepted accounting principles in the United States.

This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

- FINANCIAL TABLES TO FOLLOW -

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Balance Sheet
As of December 31, 2018
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
		December 31, 2018
		US$			NT$			%
Assets
Current assets
Cash and cash equivalents		2,723			83,662			22.9	%
Financial assets at fair value through profit or loss, current		17			528			0.1	%
Contract assets, current		3			92			0.0	%
Notes & Accounts receivable, net		777			23,875			6.5	%
Inventories, net		593			18,203			5.0	%
Other current assets		483			14,833			4.2	%
Total current assets		4,596			141,193			38.7	%
Non-current assets
Funds and investments		1,091			33,523			9.2	%
Property, plant and equipment		5,627			172,847			47.4	%
Other non-current assets		555			17,042			4.7	%
Total non-current assets		7,273			223,412			61.3	%
Total assets		11,869			364,605			100.0	%
Liabilities
Current liabilities
Short-term loans		427			13,104			3.6	%
Contract liabilities, current		30			932			0.3	%
Payables		824			25,325			6.9	%
Current portion of long-term liabilities		167			5,121			1.4	%
Other current liabilities		177			5,417			1.5	%
Total current liabilities		1,625			49,899			13.7	%
Non-current liabilities
Bonds payable		1,266			38,879			10.7	%
Long-term loans		918			28,204			7.7	%
Other non-current liabilities		1,337			41,086			11.3	%
Total non-current liabilities		3,521			108,169			29.7	%
Total liabilities		5,146			158,068			43.4	%
Equity
Equity attributable to the parent company
Capital		4,044			124,243			34.1	%
Additional paid-in capital		1,315			40,399			11.1	%
Retained earnings, unrealized gains or losses on financial
assets measured at fair value through other comprehensive
income, exchange differences on translation of foreign
operations and gains or losses on hedging Instruments		1,533			47,075			12.9	%
Treasury stock		(184	)		(5,647	)		(1.6	%)
Total equity attributable to the parent company		6,708			206,070			56.5	%
Non-controlling interests		15			467			0.1	%
Total equity		6,723			206,537			56.6	%
Total liabilities and equity		11,869			364,605			100.0	%
Note：New Taiwan Dollars have been translated into U.S. Dollars at the December 31, 2018 exchange rate of NT $30.72 per U.S. Dollar.

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
		Year over Year Comparison															Quarter over Quarter Comparison
		Three-Month Period Ended															Three-Month Period Ended
		December 31, 2018						December 31, 2017						Chg.			December 31, 2018						September 30, 2018						Chg.
		US$			NT$			US$			NT$			%			US$			NT$			US$			NT$			%
Net operating revenues		1,156			35,517			1,192			36,631			(3.0	%)		1,156			35,517			1,282			39,387			(9.8	%)
Operating costs		(1,006	)		(30,916	)		(987	)		(30,333	)		1.9	%		(1,006	)		(30,916	)		(1,057	)		(32,465	)		(4.8	%)
Gross profit		150			4,601			205			6,298			(26.9	%)		150			4,601			225			6,922			(33.5	%)
		13.0	%		13.0	%		17.2	%		17.2	%					13.0	%		13.0	%		17.6	%		17.6	%
Operating expenses
- Sales and marketing expenses		(29	)		(903	)		(31	)		(944	)		(4.3	%)		(29	)		(903	)		(32	)		(987	)		(8.5	%)
- General and administrative expenses		(44	)		(1,339	)		(38	)		(1,164	)		15.0	%		(44	)		(1,339	)		(45	)		(1,386	)		(3.4	%)
- Research and development expenses		(122	)		(3,745	)		(100	)		(3,090	)		21.2	%		(122	)		(3,745	)		(109	)		(3,329	)		12.5	%
- Expected credit loss		(13	)		(409	)		-			-			100.0	%		(13	)		(409	)		-			-			100.0	%
Subtotal		(208	)		(6,396	)		(169	)		(5,198	)		23.0	%		(208	)		(6,396	)		(186	)		(5,702	)		12.2	%
Net other operating income and expenses		39			1,206			26			801			50.6	%		39			1,206			40			1,215			(0.7	%)
Operating income (loss)		(19	)		(589	)		62			1,901			-			(19	)		(589	)		79			2,435			-
		(1.7	%)		(1.7	%)		5.2	%		5.2	%					(1.7	%)		(1.7	%)		6.2	%		6.2	%
Net non-operating income and expenses		(65	)		(1,998	)		(5	)		(152	)		1,214.5	%		(65	)		(1,998	)		(52	)		(1,606	)		24.4	%
Income (loss) from continuing operations before income tax		(84	)		(2,587	)		57			1,749			-			(84	)		(2,587	)		27			829			-
		(7.3	%)		(7.3	%)		4.8	%		4.8	%					(7.3	%)		(7.3	%)		2.1	%		2.1	%
Income tax expense		(14	)		(413	)		(18	)		(556	)		(25.7	%)		(14	)		(413	)		(21	)		(632	)		(34.7	%)
Net income (loss)		(98	)		(3,000	)		39			1,193			-			(98	)		(3,000	)		6			197			-
		(8.4	%)		(8.4	%)		3.3	%		3.3	%					(8.4	%)		(8.4	%)		0.5	%		0.5	%
Other comprehensive income (loss)		4			110			(45	)		(1,366	)		-			4			110			(51	)		(1,568	)		-
Total comprehensive income (loss)		(94	)		(2,890	)		(6	)		(173	)		1,570.5	%		(94	)		(2,890	)		(45	)		(1,371	)		110.8	%
Net income (loss) attributable to:
Stockholders of the parent		(56	)		(1,707	)		58			1,771			-			(56	)		(1,707	)		56			1,720			-
Non-controlling interests		(42	)		(1,293	)		(19	)		(578	)		123.7	%		(42	)		(1,293	)		(50	)		(1,523	)		(15.1	%)
Comprehensive income (loss) attributable to:
Stockholders of the parent		(52	)		(1,608	)		14			416			-			(52	)		(1,608	)		9			279			-
Non-controlling interests		(42	)		(1,282	)		(20	)		(589	)		117.7	%		(42	)		(1,282	)		(54	)		(1,650	)		(22.3	%)
Earnings per share-basic		(0.005	)		(0.14	)		0.005			0.15						(0.005	)		(0.14	)		0.005			0.14
Earnings per ADS (2)		(0.023	)		(0.70	)		0.024			0.75						(0.023	)		(0.70	)		0.023			0.70
Weighted average number of shares
outstanding (in millions)					12,112						12,208									12,112						12,054
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the December 31, 2018 exchange rate of NT $30.72 per U.S. Dollar.
(2) 1 ADS equals 5 common shares.

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
		For the Three-Month Period Ended									For the Twelve-Month Period Ended
		December 31, 2018									December 31, 2018
		US$			NT$			%			US$			NT$			%
Net operating revenues		1,156			35,517			100.0	%		4,924			151,253			100.0	%
Operating costs		(1,006	)		(30,916	)		(87.0	%)		(4,181	)		(128,413	)		(84.9	%)
Gross profit		150			4,601			13.0	%		743			22,840			15.1	%
Operating expenses
- Sales and marketing expenses		(29	)		(903	)		(2.5	%)		(127	)		(3,902	)		(2.6	%)
- General and administrative expenses		(44	)		(1,339	)		(3.8	%)		(157	)		(4,824	)		(3.2	%)
- Research and development expenses		(122	)		(3,745	)		(10.6	%)		(424	)		(13,025	)		(8.6	%)
- Expected credit loss		(13	)		(409	)		(1.2	%)		(13	)		(409	)		(0.3	%)
Subtotal		(208	)		(6,396	)		(18.1	%)		(721	)		(22,160	)		(14.7	%)
Net other operating income and expenses		39			1,206			3.4	%		167			5,117			3.4	%
Operating income (loss)		(19	)		(589	)		(1.7	%)		189			5,797			3.8	%
Net non-operating income and expenses		(65	)		(1,998	)		(5.6	%)		(118	)		(3,613	)		(2.4	%)
Income (loss) from continuing operations before income tax		(84	)		(2,587	)		(7.3	%)		71			2,184			1.4	%
Income tax benefit (expense)		(14	)		(413	)		(1.1	%)		15			459			0.4	%
Net income (loss)		(98	)		(3,000	)		(8.4	%)		86			2,643			1.8	%
Other comprehensive income (loss)		4			110			0.3	%		31			950			0.6	%
Total comprehensive income (loss)		(94	)		(2,890	)		(8.1	%)		117			3,593			2.4	%
Net income (loss) attributable to:
Stockholders of the parent		(56	)		(1,707	)		(4.8	%)		230			7,073			4.7	%
Non-controlling interests		(42	)		(1,293	)		(3.6	%)		(144	)		(4,430	)		(2.9	%)
Comprehensive income (loss) attributable to:
Stockholders of the parent		(52	)		(1,608	)		(4.5	%)		265			8,127			5.4	%
Non-controlling interests		(42	)		(1,282	)		(3.6	%)		(148	)		(4,534	)		(3.0	%)
Earnings per share-basic		(0.005	)		(0.14	)					0.019			0.58
Earnings per ADS (2)		(0.023	)		(0.70	)					0.094			2.90
Weighted average number of shares outstanding (in millions)					12,112									12,104
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the December 31, 2018 exchange rate of NT $30.72 per U.S. Dollar.
(2) 1 ADS equals 5 common shares.

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statement of Cash Flows
For The Twelve-Month Period Ended December 31, 2018
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
		US$			NT$
Cash flows from operating activities :
Net income before tax		71			2,184
Depreciation & Amortization		1,694			52,049
Net loss of financial assets and liabilities at fair value through profit or loss		38			1,168
Exchange loss on financial assets and liabilities		40			1,218
Changes in notes & accounts receivable		(45	)		(1,383	)
Changes in contract liabilities		(98	)		(3,021	)
Changes in assets, liabilities and others		(42	)		(1,280	)
Net cash provided by operating activities		1,658			50,935
Cash flows from investing activities :
Acquisition of investments accounted for under the equity method		(27	)		(840	)
Acquisition of property, plant and equipment		(638	)		(19,590	)
Increase in refundable deposits		(32	)		(983	)
Acquisition of intangible assets		(27	)		(839	)
Others		219			6,752
Net cash used in investing activities		(505	)		(15,500	)
Cash flows from financing activities :
Decrease in short-term loans		(400	)		(12,288	)
Redemption of bonds		(244	)		(7,500	)
Proceeds from long-term loans		25			759
Repayments of long-term loans		(86	)		(2,639	)
Cash dividends		(279	)		(8,558	)
Treasury stock acquired		(200	)		(6,148	)
Treasury stock sold to employees		72			2,204
Others		22			685
Net cash used in financing activities		(1,090	)		(33,485	)
Effect of exchange rate changes on cash and cash equivalents		1			37
Net increase in cash and cash equivalents		64			1,987
Cash and cash equivalents at beginning of period		2,659			81,675
Cash and cash equivalents at end of period		2,723			83,662
Note: New Taiwan Dollars have been translated into U.S. Dollars at the December 31, 2018 exchange rate of NT $30.72 per U.S. Dollar.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18  Next Page »