UMC Reports Third Quarter 2009 Results

- FINANCIAL TABLES TO FOLLOW -




UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Balance Sheet
As of September 30, 2009
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)


                                                   September 30, 2009
                                                US$          NT$         %
    ASSETS
    Current Assets
     Cash and Cash Equivalents                1,389       44,636       19.3%
     Financial assets at fair value
      through profit or loss, current            50        1,599        0.7%
     Notes & Accounts Receivable, net           505       16,232        7.0%
     Inventories, net                           262        8,421        3.6%
     Other Current Assets                        81        2,625        1.1%
        Total Current Assets                  2,287       73,513       31.7%

    Non-Current Assets
     Funds and Investments                    2,149       69,065       29.8%
     Property, Plant and Equipment, net       2,595       83,403       36.0%
     Other Assets                               179        5,750        2.5%
        Total Non-Current Assets              4,923      158,218       68.3%
    TOTAL ASSETS                              7,210      231,731      100.0%

    LIABILITIES
    Current Liabilities
     Payables                                   470       15,099        6.5%
     Current Portion of Long-term
      Liabilities                               234        7,521        3.2%
     Other Current Liabilities                   11          350        0.2%
        Total Current Liabilities               715       22,970        9.9%

    Non-Current Liabilities
     Long-term Loans                             27          878        0.4%
     Other Liabilities                          109        3,519        1.5%
        Total Non-Current Liabilities           136        4,397        1.9%
    TOTAL LIABILITIES                           851       27,367       11.8%

    STOCKHOLDERS' EQUITY
    Capital Stock                             4,041      129,878       56.1%
    Additional Paid-in Capital                1,378       44,275       19.1%
    Retained Earnings, Unrealized Gain or
     Loss on Financial
     Instruments and Cumulative               1,018       32,724       14.1%
     Translation Adjustment
    Treasury Stock                              (78)      (2,513)      (1.1%)
    TOTAL STOCKHOLDERS' EQUITY                6,359      204,364       88.2%
    TOTAL LIABILITIES AND STOCKHOLDERS'
     EQUITY                                   7,210      231,731      100.0%

    Note: New Taiwan Dollars have been translated into U.S. Dollars at the
          September 30, 2009 exchange rate of NT $32.14 per U.S. Dollar.
          All figures are in ROC GAAP.



                     UNITED MICROELECTRONICS CORPORATION
             Unaudited Condensed Unconsolidated Income Statement
    Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
                      Except Per Share and Per ADS Data


                                            Year over Year Comparison
                                                                              Three-Month  Period  Ended
                                                                          September    30,      September    30,
                                                                                    2009                        2008                      %
                                                                              US$          NT$            US$            NT$          Chg.
        Net  Sales                                                    853      27,406          770      24,748        10.7%
        Cost  of  Goods  Sold                                (615)  (19,751)      (641)  (20,588)      (4.1%)
        Net  Gross  Profit                                      238        7,655          129        4,160        84.0%
                                                                          27.9%        27.9%      16.8%        16.8%              --
        Operating  Expenses
            -  Sales  &  Marketing                            (20)        (629)        (21)        (673)      (6.5%)
            -  General  &  Administrative              (18)        (593)        (20)        (639)      (7.2%)
            -  Research  &  Development                  (69)    (2,224)        (65)    (2,109)        5.5%
                                                                            (107)    (3,446)      (106)    (3,421)        0.7%
        Operating  Income  (Loss)                        131        4,209            23            739      469.6%
                                                                          15.4%        15.4%        3.0%          3.0%              --

        Net  Non-Operating  Income
          (Expenses)                                                  68        2,180          (59)    (1,897)  (214.9%)
        Income  from  continuing
          operations  before  income  tax            199        6,389          (36)    (1,158)  (651.7%)
                                                                          23.3%        23.3%      (4.7%)      (4.7%)            --

        Income  Tax  Expense                                    (9)        (298)          (8)        (255)      16.9%
        Net  Income  (Loss)                                    190        6,091          (44)    (1,413)  (531.1%)
                                                                          22.2%        22.2%      (5.7%)      (5.7%)            --

        Earnings  (Losses)  per  Share            0.015          0.48    (0.003)      (0.11)            --
        Earnings  (Losses)  per  ADS  (2)        0.075          2.40    (0.017)      (0.55)            --
        Weighted  Average  Number  of
          Shares  Outstanding  (in  millions)      --      12,672            --      13,130              --

        Notes:
        (1)  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the
                September  30,  2009  exchange  rate  of  NT  $32.14  per  U.S.  Dollar.
                All  figures  are  in  ROC  GAAP.
        (2)  1  ADS  equals  5  common  shares.



UNITED  MICROELECTRONICS  CORPORATION
Unaudited  Condensed  Unconsolidated  Income  Statement
Figures  in  Million  of  New  Taiwan  Dollars  (NT$)  and  U.S.  Dollars  (US$)
Except  Per  Share  and  Per  ADS  Data
(Continued)

                                                                                      Quarter  over  Quarter  Comparison
                                                                                  Three-Month  Period  Ended
                                                                            September  30,            June  30,
                                                                                      2009                        2009                    %
                                                                                US$          NT$          US$          NT$          Chg.
        Net  Sales                                                      853      27,406        704      22,628        21.1%
        Cost  of  Goods  Sold                                  (615)  (19,751)    (537)  (17,247)      14.5%
        Net  Gross  Profit                                        238        7,655        167        5,381        42.3%
                                                                            27.9%        27.9%    23.8%        23.8%              --
        Operating  Expenses
            -  Sales  &  Marketing                              (20)        (629)      (11)        (376)      67.3%
            -  General  &  Administrative                (18)        (593)      (14)        (454)      30.6%
            -  Research  &  Development                    (69)    (2,224)      (58)    (1,855)      19.9%
                                                                              (107)    (3,446)      (83)    (2,685)      28.3%
        Operating  Income  (Loss)                          131        4,209          84        2,696        56.1%
                                                                            15.4%        15.4%    11.9%        11.9%              --

        Net  Non-Operating  Income
          (Expenses)                                                    68        2,180        (28)        (901)  (342.0%)
        Income  from  continuing  operations
          before  income  tax                                    199        6,389          56        1,795      255.9%
                                                                            23.3%        23.3%      7.9%          7.9%            --

        Income  Tax  Expense                                      (9)        (298)        (8)        (248)      20.2%
        Net  Income  (Loss)                                      190        6,091          48        1,547      293.7%
                                                                            22.2%        22.2%      6.8%          6.8%            --

        Earnings  (Losses)  per  Share              0.015          0.48    0.004          0.12            --
        Earnings  (Losses)  per  ADS  (2)          0.075          2.40    0.019          0.60            --
        Weighted  Average  Number  of  Shares
          Outstanding  (in  millions)                      --      12,672          --      12,672            --

        Notes:
        (1)  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the
                September  30,  2009  exchange  rate  of  NT  $32.14  per  U.S.  Dollar.
                All  figures  are  in  ROC  GAAP.
        (2)  1  ADS  equals  5  common  shares.



                                              UNITED  MICROELECTRONICS  CORPORATION
                              Unaudited  Condensed  Unconsolidated  Income  Statement
            Figures  in  Million  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  Year  Ended
                                                                September  30,  2009            September  30,  2009
                                                                US$          NT$            %            US$            NT$            %
        Net  Sales                                      853      27,406    100.0%      1,894      60,872    100.0%
        Cost  of  Goods  Sold                  (615)  (19,751)  (72.1%)  (1,623)  (52,171)  (85.7%)
        Net  Gross  Profit                        238        7,655      27.9%          271        8,701      14.3%


        Operating  Expenses
            -  Sales  &  Marketing              (20)        (629)    (2.3%)        (51)    (1,637)    (2.7%)
            -  General  &
                  Administrative                  (18)        (593)    (2.1%)        (49)    (1,576)    (2.6%)
            -  Research  &
                  Development                        (69)    (2,224)    (8.1%)      (184)    (5,900)    (9.7%)
                                                              (107)    (3,446)  (12.5%)      (284)    (9,113)  (15.0%)
        Operating  Income  (Loss)          131        4,209      15.4%          (13)        (412)    (0.7%)

        Net  Non-Operating  Income
          (Expenses)                                    68        2,180        7.9%            14            436        0.7%
        Income  from  continuing
          operations  before
          income  tax                                  199        6,389      23.3%              1              24        0.0%

        Income  Tax  Expense                      (9)        (298)    (1.1%)        (17)        (546)    (0.9%)
        Net  Income  (Loss)                      190        6,091      22.2%          (16)        (522)    (0.9%)

        Earnings  (Losses)  per
          Share                                        0.015          0.48            --    (0.001)      (0.04)          --
        Earnings  (Losses)  per
          ADS  (2)                                    0.075          2.40            --    (0.006)      (0.20)          --

        Weighted  Average  Number
          of  Shares
          Outstanding  (in  millions)      --      12,672            --            --      12,703            --

        Notes:
        (1)  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the
                September  30,  2009  exchange  rate  of  NT  $32.14  per  U.S.  Dollar.
                All  figures  are  in  ROC  GAAP.
        (2)  1  ADS  equals  5  common  shares.



                                              UNITED  MICROELECTRONICS  CORPORATION
                        Unaudited  Condensed  Unconsolidated  Statement  of  Cash  Flows
                                      For  The  Nine  Months  Ended  September  30,  2009
              Figures  in  Million  of  New  Taiwan  Dollars  (NT$)  and  U.S.  Dollars  (US$)

                                                                                                        USD                                NTD
        Cash  flows  from  operating  activities:
          Net  Income                                                                          (16)                            (522)
          Depreciation  &  Amortization                                        790                          25,384
          Gain  on  recovery  in  market  value
            and  obsolescence  of  inventories                              (78)                        (2,513)
          Cash  dividends  received  under  the
            equity  method                                                                    12                                390
          Investment  loss  accounted  for
            under  the  equity  method                                                52                            1,673
          Loss  on  valuation  of  financial
            assets  and  liabilities                                                    5                                145
          Impairment  loss                                                                    4                                118
          Gain  on  disposal  of  investments                                (34)                        (1,095)
          Gain  on  disposal  of  property,
            plant  and  equipment                                                        (1)                              (24)
          Amortization  of  bond  discounts                                      0                                    2
          Amortization  of  deferred  income                                  (5)                            (152)
          Compensation  cost  of  employee
            stock  options                                                                      2                                  72
          Change  in  assets,  liabilities  and
            others                                                                              (127)                        (4,065)
        Net  cash  provided  by  operating
          activities                                                                          604                          19,413

        Cash  flows  from  investing  activities:
          Acquisition  of  available-for-
            sales  financial  assets                                                  (0)                                (2)
          Proceeds  from  disposal  of
            available-for-sales  financial
            assets                                                                                  43                            1,393
          Acquisition  of  financial  assets
            measured  at  cost                                                              40                                  --
          Acquisition  of  long-term
            investments  accounted  for  under
            the  equity  method                                                          (49)                        (1,563)
          Proceeds  from  disposal  of  long-
            term  investments  accounted  for
            the  equity  method                                                              2                                  79
          Proceeds  from  liquidation  of
            long-term  investments                                                      0                                  15
          Acquisition  of  property,  plant
            and  equipment                                                                (231)                        (7,416)
          Proceeds  from  disposal  of
            property,  plant  and  equipment                                      1                                  38
          Increase  in  deferred  charges                                        (9)                            (287)
          Increase  in  other  assets  -  others                            (62)                            (787)
        Net  cash  used  in  investing  activities                    (265)                        (8,530)

        Cash  flows  from  financing  activities:
          Proceeds  from  long-term  Loans                                      12                                400
          Repayments  of  long-term  Loans                                      (6)                            (200)
          Purchase  of  treasury  stock                                          (74)                        (2,393)
          Increase  in  deposits-in                                                    0                                    4
        Net  cash  used  in  financing  activities                      (68)                        (2,189)

        Effect  of  exchange  rate  changes  on
          cash  and  cash  equivalents                                              (6)                            (182)
        Net  increase  in  cash  and  cash
          equivalents                                                                        265                            8,512

        Cash  and  cash  equivalents  at
          beginning  of  period                                                    1,124                          36,124

        Cash  and  cash  equivalents  at  end  of
          period                                                                              1,389                          44,636

        Note:  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the
                    September  30,  2009  exchange  rate  of  NT  $32.14  per  U.S.  Dollar.
                    All  figures  are  in  ROC  GAAP.



        Contacts:

          Bowen  Huang  /  Phil  Lee  /  Tien  Yu  Tseng
          UMC,  Investor  Relations
          Tel:  +886-2-2700-6999  ext.  6957
          Email:  bowen_huang@umc.com
                        phil_lee@umc.com
                        tien_yu_tseng@umc.com
 


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