UMC

Utrecht, Netherlands
Utrecht, Netherlands
SEARCH FILTERS
Time filter
Source Type

News Article | July 26, 2017
Site: www.businesswire.com

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC” or “The Company”), a leading global semiconductor foundry, today announced its consolidated operating results for the second quarter of 2017. Second quarter consolidated revenue was NT$37.54 billion, up from NT$37.42 billion in 1Q17 and up 1.5% YoY from NT$37.00 billion in 2Q16. 2Q17 consolidated gross margin was 18.0%. Net income attributable to the stockholders of the parent was NT$2.10 billion, with earnings per ordinary share of NT$0.17. Jason Wang, newly appointed co-president of UMC, said, “ In the second quarter of 2017, UMC’s foundry revenue was NT$37.45 billion. Stable chip demand led to a utilization rate of 96%, bringing wafer shipments to 1.74 million 8-inch equivalents. Gross margin was 18.1%. We experienced robust demand for our mature technologies on both 8” and 12” manufacturing, led by strength in the computing and communication segments.” President Wang continued, “ Looking into the third quarter, demand for our mature technologies remains firm. However, due to a softened outlook for 28nm, we project a sequentially flat quarter. Our 28nm HKMG business has become increasingly vulnerable due to high exposure among a few key customers. As a result, we are seeing the possibility that the decline of our 28nm HKMG business will extend into the second half of 2017.” Co-president SC Chien added, “ Recently, UMC’s board of directors appointed Mr. Jason Wang and I as co-presidents. I will take the lead in fab operations and technology development, while president Wang will be responsible for business management and corporate strategy. We will both implement measures to strengthen our foundry competitiveness in core manufacturing and drive operational efficiencies to enhance financial performance. Our goal is to unlock UMC’s value and lead to positive cash flow.” Net operating revenues remained flat in 2Q17 at NT$37.54 billion, including NT$37.45 billion from the foundry segment. Revenue contribution from 14nm, 28nm and 40nm totaled 46%. Gross profit declined 9.3% to NT$6.74 billion, or 18.0% of revenue. Operating expenses decreased 14.2% to NT$5.33 billion. Net other operating income was NT$259 million, leading to an operating income of NT$1.67 billion. Net non-operating income was NT$448 million. Net income attributable to stockholders of the parent was NT$2.10 billion. Earnings per ordinary share for the quarter was NT$0.17. Earnings per ADS was US$0.028. The basic weighted average number of outstanding shares in 2Q17 was 12,208,239,978, compared with 12,208,239,978 shares in 1Q17 and 12,334,888,329 shares in 2Q16. The diluted weighted average number of outstanding shares was 13,383,329,206 in 2Q17, compared with 13,418,016,296 shares in 1Q17 and 13,460,073,526 shares in 2Q16. The fully diluted share count on June 30, 2017 was approximately 13,799,408,000. On June 30, 2017, UMC held 400 million treasury shares acquired from the 16th and 17th share buy-back programs. Net operating revenues remained at NT$37.54 billion. COGS increased to NT$30.80 billion, as depreciation was flat. Other manufacturing costs increased 3.9% to NT$19.70 billion, partly from higher wafer shipments. Gross profit was NT$6.74 billion. Operating expenses declined 14.2% to NT$5.33 billion. Sales & Marketing declined 10.3% to NT$1.05 billion. R&D expense decreased 18.7% to NT$3.25 billion, or 8.6% of net operating revenues. Net other operating income was NT$259 million, leading to an operating income of NT$1.67 billion. Net non-operating income in 2Q17 increased to NT$448 million, which primarily resulted from a NT$807 million in exchange gain and a NT$272 million gain in disposal of investments. Cash inflow from operating activities reached NT$14.82 billion. Cash outflow from investing activities totaled NT$8.11 billion, including NT$8.33 billion in CAPEX spending for the foundry segment, resulting in a free cash outflow of NT$6.48 billion. Cash inflow from financing activities was NT$707 million, mainly due to a NT$8.05 billion in bank loans offset by a NT$7.50 billion in redemption of bonds. Net cash inflow in 2Q17 was NT$7.32 billion. Over the next 12 months, the company expects to repay NT$1.44 billion in bank loans. Cash and cash equivalents increased to NT$68.13 billion, mainly due a decrease in CAPEX spending in the foundry segment. Days of inventory decreased to 48 days. Current liabilities increased to NT$87.70 billion, which included an increase in short-term credit/bonds NT$48.19 billion and a NT$6.11 billion in dividends payable. Long-term credit/bonds decreased to NT$51.24 billion. Total liabilities increased to NT$172.62 billion, leading to a debt to equity ratio of 81%. Revenue from North American and European customers increased to 42% and 7% of sales respectively. Revenue contribution from Asia Pacific customers decreased to 47%. 14nm represented 1% of 2Q17 revenue, while 28nm contribution remains at 17%. 40nm accounted for 28% of sales. Revenue from fabless customers declined to 91% in 2Q17. Revenue from consumer and computer segments grew to 29% and 14% respectively. Communication business decreased to 48%. (1) Computer consists of ICs such as CPU, GPU, HDD controllers, DVD/CD-RW control ICs, PC chipset, audio codec, keyboard controller, monitor scaler, USB, I/O chipset. Communication consists of handset components, broadband, WLAN, bluetooth, Ethernet, LAN, DSP, etc. Consumer consists of ICs used for DVD players, DTV, STB, MP3/MP4, flash controller, game consoles, DSC, smart cards, toys, etc. Wafer shipments increased to 1,741K in 2Q17. Quarterly capacity increased 4.2% QoQ to 1,816K, leading to an overall utilization rate of 96% in 2Q17. Overall capacity in the second quarter was 1,816K 8-inch equivalent wafers. Estimated capacity in the third quarter will increase to 1,861K 8-inch equivalent wafers, primarily due to capacity expansion at Fab 12X and enhancements to production capabilities at Fab 8C, Fab 8F and Fab 8S. (1)One 6-inch wafer is converted into 0.5625(62/82) 8-inch equivalent wafer; one 12-inch wafer is converted into 2.25(122/82) 8-inch equivalent wafers. Capacity total figures are expressed in 8-inch equivalent wafers. CAPEX spending in 2Q17 totaled US$275 million. Full year 2017 CAPEX plan is budgeted for US$1.7 billion. Please visit UMC’s website for further details regarding the above announcements Time: 5:00 PM (Taipei) / 5:00 AM (New York) / 10:00 AM (London) A live webcast and replay of the 2Q17 results announcement will be available at www.umc.com under the “Investors / Events” section. 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 high volume 28nm High-K/Metal Gate technology, 14nm FinFET mass production, ultra-low power platform processes specifically developed for Internet of Things (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 nearly 600,000 wafers per month. The company employs over 19,000 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. 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. 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 presentation 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. 1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with TIFRSs recognized by Financial Supervisory Commission in the ROC, which is different from IFRSs issued by the International Accounting Standards Board. They represent comparisons among the three-month period ending Jun. 30, 2017, the three-month period ending Mar. 31, 2017, and the equivalent three-month period that ended Jun. 30, 2016. For all 2Q17 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. Dollars at the Jun. 30, 2017 exchange rate of NT$ 30.42 per U.S. Dollar. 3 Utilization Rate = Quarterly Wafer Out / Quarterly Capacity 4 Estimated capacity numbers are based on calculated maximum output rather than designed capacity. The actual capacity numbers may differ depending upon equipment delivery schedules, pace of migration to more advanced process technologies, and other factors affecting production ramp-up.


News Article | August 9, 2017
Site: www.businesswire.com

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of July 2017. (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. Additional information about UMC is available on the web at http://www.umc.com.


News Article | June 14, 2017
Site: www.businesswire.com

HSINCHU, Taiwan--(BUSINESS WIRE)--UMC (NYSE: UMC; TWSE: 2303), a leading global semiconductor foundry, today announced that its board of directors has appointed senior vice presidents SC Chien and Jason Wang as co-presidents of the company, following Po-Wen Yen’s retirement as UMC CEO. The co-presidents are collectively accountable for the overall performance of UMC, and will report to Chairman Stan Hung directly. The transition will become effective immediately. “Co-presidents Chien and Wang bring complimentary experience and capabilities to enable UMC to have the best minds committed to our most critical decisions and execution ability,” said Chairman Hung. “With their respective roles clearly defined, I anticipate a very smooth transition as we enter the next stage of UMC’s growth. Our priorities going forward will include a high degree of customer focus, consistent operational excellence, clear investment strategy, and maximizing shareholder value.” Chairman Hung continued, “We would like to extend our sincere appreciation to CEO Yen for his 30+ years of dedicated service. Under his leadership, UMC has established a solid foundation and legacy for our co-presidents to build upon, and we wish him all the best on his retirement as he continues to provide his knowledge, experience, and service to our community and society.” CEO Yen commented, “It has been a rewarding opportunity to have helped UMC evolve during my five years as the company’s CEO. I am honored to have worked with an exceptionally dedicated and skilled team of executives and managers to bring benefits to UMC and its customers, and firmly believe in the company’s positive direction going forward. I have worked closely with Mr. Chien and Mr. Wang for many years, and am convinced in their ability to lead UMC to new heights as co-presidents. Meanwhile, after my retirement, I look forward to further increasing my involvement in social and charitable activities in order to bring heightened awareness to the importance of mutual prosperity with our surrounding environment and society.” The responsibilities of the co-presidents will be structured as follows: 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 high volume 28nm High-K/Metal Gate technology, 14nm FinFET mass production, ultra-low power platform processes specifically developed for Internet of Things (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 nearly 600,000 wafers per month. The company employs over 19,000 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. Some of the statements in the foregoing announcement are forward looking within the meaning of the U.S. Federal Securities laws, including statements about future outsourcing, wafer capacity, technologies, 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, including its registration statements and reports on Forms F-1, F-3, F-6 and 20-F and 6-K, in each case as amended. 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.


News Article | February 23, 2017
Site: www.prnewswire.com

LOS ANGELES, Feb. 23, 2017 /PRNewswire/ -- RLJ Entertainment (NASDAQ: RLJE) announces the availability of Urban Movie Channel (UMC) on Apple TV (4th Gen), following the recent launch of the service on the iOS platform for iPhone and iPad.  Building on the successful launch of its iOS...


News Article | February 15, 2017
Site: www.prnewswire.com

SILVER SPRING, Md., Feb. 15, 2017 /PRNewswire/ -- Robert L. Johnson, Chairman of RLJ Entertainment (NASDAQ: RLJE) today announced the appointment of Traci Otey Blunt as President of Urban Movie Channel (UMC).  UMC is the first premium subscription-based streaming service created for Africa...


News Article | February 22, 2017
Site: www.prnewswire.com

BRATISLAVA, Slovacchia, February 22, 2017 /PRNewswire/ -- Sharp rafforza il suo ruolo di primo piano nel mercato audio video europeo Skytec UMC ha annunciato oggi di avere concluso con successo l'accordo di trasferimento delle azioni con Sharp Corporation, che sancisce...


News Article | February 22, 2017
Site: www.prnewswire.com

BRATISLAVA, Slovensko, February 22, 2017 /PRNewswire/ -- Sharp sa chystá posilniť vedúce postavenie na európskom audio-vizuálnom trhu  Spoločnosť Skytec UMC dnes oznámila úspešné uzatvorenie zmluvy o prevode akcií so spoločnosťou Sharp Corporation, výsledkom ktorého je získanie maj...


News Article | February 22, 2017
Site: www.prnewswire.com

BRATISLAVA, Eslovaquia, February 22, 2017 /PRNewswire/ -- - La unión hace la fuerza: Sharp Corporation adquiere una participación mayoritaria en Skytec UMC Ltd.  Sharp reforzará un papel líder dentro del mercado audiovisual europeo   Skytec UMC ha anunciado el cierre de éxito d...


Sharp est sur le point de conforter son rôle de premier plan au sein du marché européen de l'audiovisuel Skytec UMC a annoncé aujourd'hui la conclusion réussie de l'accord portant sur le transfert des parts avec Sharp Corporation, se traduisant par une participation majoritaire de 56,7 % de Sharp Corporation dans la société Skytec UMC Ltd. Il en résulte la création d'une nouvelle filiale dont l'objectif est de promouvoir la fabrication et la vente des produits audiovisuels Sharp en Europe. Les deux sociétés vont ainsi unir leur compétences pour créer une puissante activité dans le secteur de l'électronique pour la célèbre marque Sharp. « Nous sommes convaincus qu'en associant l'image de marque et la capacité d'innovation de Sharp à notre connaissance du marché européen, des exigences relatives aux produits et à nos contacts avec les clients, nous serons en mesure de tracer la voie afin de devenir l'un des principaux acteurs sur le marché européen de la télévision », a souligné Aslan Khabliev, PDG de Skytec UMC Ltd. Skytec UMC fournit une infrastructure bien établie allant de la fabrication à la vente en passant par le service après-vente et la commercialisation de téléviseurs en Europe. Depuis l'octroi de la licence de la marque Sharp en Europe en 2015, Skytec UMC a enregistré des chiffres de vente convaincants, localisé avec succès et vendu des téléviseurs haut de gamme au meilleur prix. L'organisation Skytec UMC actuelle reste entièrement opérationnelle avec Aslan Khabliev au poste de PDG et va même être élargie pour permettre une plus forte croissance de l'entreprise opérant dans le secteur de la télévision sous la marque Sharp. Par ailleurs, la société continue de produire des téléviseurs sous la marque « Blaupunkt », ainsi que des téléviseurs sous marques de distributeur. L'usine appartenant en propriété exclusive à Skytec UMC en Pologne fera partie de la nouvelle filiale de Sharp. Sharp, société pionnière des téléviseurs à écran plat et leader du marché au Japon, apporte son pouvoir d'innovation à la nouvelle organisation, tandis que Foxconn Technology Group, le partenaire de l'alliance stratégique de Sharp Corporation, procure une fabrication extrêmement rentable et détient un pouvoir d'achat important.


News Article | February 22, 2017
Site: www.prnewswire.co.uk

BRATISLAVA, Slovensko, February 22, 2017 /PRNewswire/ -- Sharp sa chystá posilniť vedúce postavenie na európskom audio-vizuálnom trhu  Spoločnosť Skytec UMC dnes oznámila úspešné uzatvorenie zmluvy o prevode akcií so spoločnosťou Sharp Corporation, výsledkom ktorého je získanie maj...

Loading UMC collaborators
Loading UMC collaborators