UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
October 24, 2018
(Commission File Number: 001-15128)
United Microelectronics Corporation
(Translation of registrant’s name into English)
No.3 Li Hsin Road II
Science Park
Hsinchu, Taiwan, R.O.C.
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
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United Microelectronics Corporation |
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By: |
Chitung Liu |
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Name: |
Chitung Liu |
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Title: |
CFO |
Date: October 24, 2018
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EXHIBIT INDEX
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Exhibit |
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Description |
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99 |
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6K on 10/24/2018 |
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www.umc.com
Exhibit
Exhibit Description
99.1 Announcement on 2018/10/17: UMC will convene Q3 2018 Investor Conference
99.2 Announcement on 2018/10/24: UMC announced its operating results for the third quarter of 2018
99.3 Announcement on 2018/10/09: September Revenue
99.4 Announcement on 2018/10/15: the trading and pledge of UMC common shares by directors, executive officers and 10% shareholders of UMC
UMC will convene Q3 2018 Investor Conference
1. Date of the investor conference: 2018/10/24
2. Time of the investor conference: 17:00
3. Location of the investor conference: Online teleconference
4. Brief information disclosed in the investor conference: UMC Q3 2018 Financial and Operating Results
5. The presentation of the investor conference release:
It will be released after the investor conference
6. Will the presentation be released in the Company’s website:
Yes, please refer to the Company's website at www.umc.com
7. Any other matters that need to be specified: None
UMC announced its operating results for the third quarter of 2018
1. Date of occurrence of the event: 2018/10/24
2. Company name: UNITED MICROELECTRONICS CORPORATION
3. Relationship to the Company (please enter “head office” or “subsidiaries”): head office
4. Reciprocal shareholding ratios: N/A
5. Cause of occurrence:
UMC Reports Third Quarter 2018 Results
3Q18 reaches record high revenue of NT$39.39 billion; 14nm FinFET accounted for 5% of sales
United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ("UMC" or "The Company"), a leading global semiconductor foundry, today announced its consolidated operating results for the third quarter of 2018.
Third quarter consolidated revenue was NT$39.39 billion, up 1.4% QoQ from NT$38.85 billion in 2Q18 and 4.5% YoY from NT$37.70 billion in 3Q17. Consolidated gross margin for 3Q18 was 17.6%. Net income attributable to stockholders of the parent was NT$1.72 billion, with earnings per ordinary share of NT$0.14.
Jason Wang, co-president of UMC, said, “In the third quarter, foundry revenue reached a record high of NT$39.33 billion, up 1.4% from 2Q18. Foundry operating margin was 6.4%. Utilization rate reached 94%, bringing wafer shipments to 1.8 million 8-inch equivalent wafers. Loading across 8" and mature 12" technologies continued to operate at full capacity, as the company generated NT$10.16 billion of free cash flow during the quarter. In addition, we saw an increase in computing related applications, which offset the decline in the communication segment. From a long-term perspective, we believe numerous essential semiconductor components will continue to strengthen our specialty technology business. For example, Allegro Microsystems, a leader in high-performance power and sensor solutions, signed a multi-year manufacturing agreement with UMC to ensure long-term capacity support for their growing wafer requirements in industrial and automotive segments.”
Co-president Wang continued, “Looking into the next quarter, we are seeing a softening of wafer demand from customers, partly due to continued softness in entry and mid-end smartphones. The recent escalation of trade tensions, rising global crude oil prices and continuous weakening of emerging market currencies could further increase uncertainties in the broader economy. Meanwhile, we will continue the execution of our strategy to invest in return-driven goals while moderating the expansion of advanced technologies. We are confident that UMC’s globalization efforts will increase our customers’ competitive edge through geopolitical risk mitigation while enhancing shareholder value to preserve the best interests of all our stakeholders.”
Fourth Quarter of 2018 Outlook & Guidance
Wafer Shipments: To decrease by 4-5%
ASP in USD: To decline by 4-5%
Profitability: Gross profit margin will be in the low-teens % range
Foundry Segment Capacity Utilization: High 80% range
2018 CAPEX for Foundry Segment: US$1.1 billion
6. Countermeasures: N/A
7. Any other matters that need to be specified: N/A
United Microelectronics Corporation
October 9, 2018
This is to report the changes or status of 1) Sales volume, 2) Funds lent to other parties, 3) Endorsements and guarantees, and 4) Financial derivative transactions for the period of September 2018.
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1) |
Sales volume (NT$ Thousand) |
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Period |
Items |
2018 |
2017 |
Changes |
% |
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September |
Net sales |
11,855,805 |
11,865,021 |
(9,216) |
(0.08%) |
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Year-to-Date |
Net sales |
115,735,370 |
112,654,032 |
3,081,338 |
2.74% |
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2) |
Funds lent to other parties (NT$ Thousand) |
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Balance as of period end |
This Month (actual amount provided) |
Last Month (actual amount provided) |
Limit of lending |
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UMC |
6,096,000 |
6,132,000 |
21,017,242 |
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Note : On December 13,2017, the board of directors resolved to lend funds to USC(Xiamen) for the amount up to US$ 200 million. The actual amount lent to USC(Xiamen) as of September 30, 2018 was US$ 0 million.
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3) |
Endorsements and guarantees (NT$ Thousand) |
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Balance as of period end |
This Month (actual amount provided) |
Last Month (actual amount provided) |
Limit of lending |
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UMC (Note1) |
1,700,000 |
1,700,000 |
94,577,592 |
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UMC (Note2) |
14,081,760 |
14,164,920 |
94,577,592 |
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UMC (Note3) |
0 |
0 |
94,577,592 |
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Note1 : On December 24, 2014, the board of directors resolved to provide endorsement to Nexpower's syndicated loan from banks including Bank of Taiwan for the amount up to NT$ 1,700 million. Note2 : On February 22, 2017 and March 7, 2018, the board of directors resolved to provide endorsement to USC(Xiamen) 's syndicated loan from banks for the amount up to US$ 462 million. Note3 : On April 26, 2017, the board of directors resolved to provide endorsement to SocialNex Italia 1 s.r.l. 's VAT guarantee to Italian Tax Office for the amount up to EUR$ 558 thousand.
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4) |
Financial derivatives transactions : |
aNot under hedging accounting : NT$ thousand
UMC
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Financial instruments |
Option |
Forwards |
IRS |
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Put |
Call |
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Deposit Paid |
0 |
0 |
0 |
0 |
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Royalty Income (Paid) |
0 |
0 |
0 |
0 |
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Unwritten-off Trading |
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Contracts |
0 |
15,079,577 |
2,926,080 |
0 |
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Fair Value |
0 |
0 |
25,376 |
0 |
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Net profit (loss) from Fair Value |
0 |
(31,605) |
25,376 |
0 |
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Written-off Trading |
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Contracts |
0 |
0 |
30,092,960 |
0 |
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Realized profit (loss) |
0 |
0 |
(87,016) |
0 |
bUnder hedging accounting : NT$ thousand
UMC
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Financial instruments |
Option |
Forwards |
IRS |
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Put |
Call |
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Deposit Paid |
0 |
0 |
0 |
0 |
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Royalty Income (Paid) |
0 |
0 |
0 |
0 |
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Unwritten-off Trading |
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Contracts |
0 |
0 |
2,674,000 |
0 |
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Fair Value |
0 |
0 |
(64,315) |
0 |
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Net profit (loss) from Fair Value |
0 |
0 |
0 |
0 |
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Written-off Trading |
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Contracts |
0 |
0 |
0 |
0 |
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Realized profit (loss) |
0 |
0 |
0 |
0 |
United Microelectronics Corporation
For the month of September, 2018
This is to report 1) the trading of directors, executive officers and 10% shareholders of United Microelectronics Corporation (“UMC”) (NYSE: UMC); 2) the pledge and clear of pledge of UMC common shares by directors, executive officers and 10% shareholders of UMC;
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1) |
The trading of directors, executive officers and 10% shareholders |
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Title |
Name |
Number of shares as of August 31, 2018 |
Number of shares as of September 30, 2018 |
Changes |
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Director President President Vice President Vice President Vice President Vice President Senior Vice President Vice President Vice President Senior Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President |
Stan Hung SC Chien Jason Wang Lucas S Chang Chitung Liu Wenchi Ting MC Lai Ming Hsu Jerry CJ Hu YS Shen Stephen K Chen Steven S Liu ML Liao Eric Chen TS Wu SS Hong GC Hung Francia Hsu Steven Hsu Le Tien Jung SF Tzou Mindy Lin Ji Fu Kung Chih Chong Wang Yau Kae Sheu JY Wu Osbert Cheng CP Yen TW Liu |
315,380,424 7,894,648 10,200,000 1,500,000 3,340,217 1,500,000 1,526,863 2,128,000 1,505,000 1,500,000 2,275,000 1,500,000 3,540,809 1,610,000 1,549,809 1,666,406 1,500,791 1,500,000 850,000 850,000 1,879,108 1,227,925 850,741 850,000 850,000 850,191 850,938 952,645 866,260 |
285,380,424 6,094,648 6,600,000 600,000 2,440,217 600,000 626,863 583,000 605,000 75,000 775,000 600,000 2,640,809 600,000 299,809 416,406 600,791 280,000 250,000 250,000 1,279,108 627,925 250,741 250,000 250,000 250,191 250,938 352,645 266,260 |
30,000,000 (1,800,000) (3,600,000) (900,000) (900,000) (900,000) (900,000) (1,545,000) (900,000) (1,425,000) (1,500,000) (900,000) (900,000) (1,010,000) (1,250,000) (1,250,000) (900,000) (1,220,000) (600,000) (600,000) (600,000) (600,000) (600,000) (600,000) (600,000) (600,000) (600,000) (600,000) (600,000) |
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2) |
The pledge and clear of pledge of UMC common shares by directors, executive officers and 10% shareholders: |
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Title |
Name |
Number of shares as of August 31, 2018 |
Number of shares as of September 30, 2018 |
Changes |
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President |
SC Chien |
1,890,000 |
6,090,000 |
4,200,000 |
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