UMC Reports Fourth Quarter 2015 Results

 

A live webcast and replay of the 4Q15 results announcement will be available at
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 robust foundry solutions enable chip designers to leverage the company's sophisticated technology and manufacturing, which include volume production 28nm gate-last High-K/Metal Gate technology, ultra-low power platform processes specifically engineered for Internet of Things (IoT) applications and the automotive industry's highest-rated AEC-Q100 Grade-0 manufacturing capabilities for production of ICs found in cars. UMC's 10 wafer fabs are strategically located throughout Asia and are able to produce over 500,000 wafers per month. The company employs more than 17,000 people worldwide, with offices in Taiwan, mainland 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 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.

Safe Harbor Statements

This release contains forward-looking statements.  These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. 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) our dependence upon the frequent introduction of new services and technologies based on the latest developments in our industry; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international global business activities; (iv) our 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 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 U.S. Securities and Exchange Commission, including its registration statements and reports on Form 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.

The financial statements included in this release are prepared and published in accordance with TIFRSs recognized by Financial Supervisory Commission in the ROC, which is different from 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 ROC GAAP and US GAAP.

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.

- FINANCIAL TABLES TO FOLLOW -

                UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES  

   Consolidated Condensed Balance Sheet

As of December 31, 2015

 Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

 
 
 

December 31, 2015

 

US$

 

NT$

 

%

Assets

         

Current assets

         

 Cash and cash equivalents

1,624

 

53,290

 

15.8%

 Financial assets at fair value through profit or loss, current

20

 

665

 

0.2%

 Notes & Accounts receivable, net

589

 

19,332

 

5.7%

 Inventories, net

538

 

17,641

 

5.2%

 Other current assets

119

 

3,889

 

1.2%

    Total current assets

2,890

 

94,817

 

28.1%

           

Non-current assets

         

 Funds and investments

1,224

 

40,151

 

11.9%

 Property, plant and equipment

5,682

 

186,433

 

55.3%

 Other non-current assets

486

 

15,966

 

4.7%

    Total non-current assets

7,392

 

242,550

 

71.9%

Total assets

10,282

 

337,367

 

100.0%

           

Liabilities

         

Current liabilities

         

 Short-term loans

168

 

5,505

 

1.6%

 Financial liabilities at fair value through profit or loss, current

0

 

1

 

0.0%

 Payables

1,071

 

35,131

 

10.4%

 Current portion of long-term liabilities

201

 

6,602

 

2.0%

 Other current liabilities

30

 

1,007

 

0.3%

    Total current liabilities

1,470

 

48,246

 

14.3%

           

Non-current liabilities

         

 Bonds payable

1,269

 

41,637

 

12.3%

 Long-term loans

179

 

5,888

 

1.7%

 Other non-current liabilities

390

 

12,779

 

3.9%

    Total non-current liabilities

1,838

 

60,304

 

17.9%

    Total liabilities

3,308

 

108,550

 

32.2%

           

Equity

         

Equity attributable to the parent company

         

Capital

3,888

 

127,581

 

37.8%

Additional paid-in capital

1,269

 

41,652

 

12.3%

Retained earnings, unrealized gain or loss on available-for-sale
    financial assets and exchange differences on translation of
    foreign operations

1,872

 

61,383

 

18.2%

Treasury stock

(117)

 

(3,826)

 

(1.1%)

     Total equity attributable to the parent company

6,912

 

226,790

 

67.2%

Non-controlling interests

62

 

2,027

 

0.6%

     Total equity

6,974

 

228,817

 

67.8%

Total liabilities and equity

10,282

 

337,367

 

100.0%

 

Note : New Taiwan Dollars have been translated into U.S. Dollars at the December 31, 2015 exchange rate of NT $32.81 per U.S. Dollar.


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