United Microelectronics Corporation (NYSE:UMC) Q1 2020 Results Earnings Conference Call April 27, 2020 5:00 AM ET Company Participants Michael Lin - Division Director of Finance Chitung Liu - Chief Financial Officer SC Chien - Co-President Conference Call Participants Randy Abrams - Credit Suisse Roland Shu - Citi Bruce Lu - Goldman Sachs Gokul Hariharan - JP Morgan Szeho Ng - China Renaissance Sebastian Hou - CLSA Operator Welcome, everyone, to UMC's 2020 First Quarter Earnings Conference Call. All lines h ...

Financial Data and Key Metrics Changes - Consolidated revenue for Q4 2019 was NT$41.85 billion, with a gross margin of 16.7% and net income attributable to stockholders of NT$3.84 billion, resulting in earnings per share of NT$0.33 [5][6] - Revenue increased by 10.9% quarter-over-quarter, and gross margin grew by 8.3% sequentially [6] - Full-year revenue for 2019 was NT$148 billion, a slight decline of 2% year-over-year, with total net income for the year at NT$9.7 billion, equivalent to an EPS of NT$0.82 [7][8] Business Line Data and Key Metrics Changes - The loading utilization rate in Q4 2019 was 92%, up from 91% in the previous quarter and 88% in the same quarter last year [5] - Revenue from Japan increased to 9% of total revenue due to the acquisition, compared to 2% in the previous quarter [8] - The communication segment remained the largest, contributing approximately 54% of total revenue, while consumer products accounted for around 26% [9] Market Data and Key Metrics Changes - Asia accounted for 55% of total revenue in Q4 2019, while North America contributed around 30% [8] - For the full year, Asia represented about 57% and North America 32% of total revenue, with Japan and Europe each contributing about 5% to 6% [8] Company Strategy and Development Direction - The company plans to maintain a disciplined approach to capital expenditure, with a budget of US$1 billion for 2020, focusing on 12-inch related investments [12][14] - UMC aims to penetrate new segments and expand its presence in existing markets, leveraging its core competencies in process technology development [13] - The company is closely monitoring the impact of the coronavirus outbreak on operations and customer demand, with all operations currently running normally [13] Management's Comments on Operating Environment and Future Outlook - Management expects the semiconductor industry to grow in the mid-single digits, with the foundry segment projected to grow in the high single-digit percentage range [17] - There are no immediate changes in Q1 demand due to the coronavirus, but potential supply chain issues are being monitored closely [18] - The company anticipates continued growth driven by 5G and IoT trends, particularly in wireless devices and power management applications [12] Other Important Information - The company generated NT$37.1 billion in free cash flow, up 19% year-over-year [11] - The 22-nanometer process technology has been validated, demonstrating readiness for production [11] Q&A Session Summary Question: Outlook for the foundry sector in 2020 - Management expects the semiconductor industry to grow in mid-single digits and the foundry segment to grow in high single digits, with UMC projected to grow higher than the foundry industry due to the acquisition of USJC [17][18] Question: Impact of the coronavirus on demand - Currently, there is no change in Q1 demand, but the situation is being monitored closely for potential supply chain impacts [18] Question: Update on 28-nanometer capacity and profitability - The 28-nanometer capacity is expected to improve in the second half of 2020, with key projects entering volume production [20][21] Question: CapEx allocation and capacity addition - The CapEx budget for 2020 is primarily for increasing capacity, with a focus on 28-nanometer technology [22][23] Question: Update on the lawsuit with Micron - The litigation is ongoing, and no updates are available at this time [35] Question: Customer demand for 28-nanometer technology - Demand is expected to come from wireless semiconductor applications, including Wi-Fi devices and display driver ICs [29] Question: Current situation on 8-inch utilization and pricing - The 8-inch utilization rate was at low 90% in Q4 2019, with expectations for mid-90s in Q1 2020 [52] Question: Dividend policy and payout ratio - The company plans to maintain a high dividend payout policy, with a payout ratio of around 100% [56] Question: Update on the Fujitsu fab acquisition - The Fujitsu fab is currently above breakeven, and management expects it to reach corporate average profitability over time [84]

Financial Performance (Q4 2019) - Operating Revenues reached NT$41849 million, a 109% increase compared to the previous quarter (3Q19)[9] - Net Income Attributable to Stockholders of the Parent was NT$3837 million, compared to NT$2929 million in 3Q19, representing a 310% increase[7, 9] - EPS (Earnings Per Share) was NT$033, up from NT$025 in the previous quarter[7, 9] Financial Performance (Year 2019) - Operating Revenues for the year were NT$148202 million, a 20% decrease compared to the previous year[12] - Net Income Attributable to Stockholders of the Parent was NT$9708 million, a 372% increase compared to the previous year[12] - EPS (Earnings Per Share) was NT$082, compared to NT$058 in the previous year[12] Balance Sheet (Dec 31, 2019) - Cash and Cash Equivalents stood at NT$95492 million[8, 13] - Total Assets amounted to NT$370187 million[8, 13] - Total Equity was NT$207214 million[8, 13] Operations - Wafer Shipments reached 2042 thousand (8" wafer eq)[6] - Utilization rate was 92%[7] Capital Expenditure Plan - The company plans a capital expenditure of $10 billion USD for foundry operations[48] - 85% of the capital expenditure will be allocated to 12" wafers, and 15% to 8" wafers[48]

United Microelectronics Corp (NYSE:UMC) Q3 2019 Earnings Conference Call October 30, 2019 5:00 AM ET Company Participants Michael Lin - IR Qi Dong Liu - CFO, VP & Company Secretary Jason Wang - Co-President & Director Conference Call Participants Randy Abrams - Crédit Suisse William Lu - UBS Investment Bank Charlie Chan - Morgan Stanley Zheng Lu - Goldman Sachs Group Sebastian Hou - CLSA Roland Shu - Citigroup Operator Welcome, everyone, to UMC's 2019 Third Quarter Earnings Conference Call. [Operator Instr ...

United Microelectronics Corporation (NYSE:UMC) Q2 2019 Results Conference Call July 24, 2019 5:00 AM ET Company Participants Michael Lin - Head of Investor Relations Jason Wang - President Chitung Liu - CFO Conference Call Participants Randy Abrams - Crédit Suisse Gokul Hariharan - JPMorgan Szeho Ng - China Renaissance Roland Shu - Citigroup Charlie Chan - Morgan Stanley Sebastian Hou - CLSA Operator Welcome, everyone to UMC's 2019 Second Quarter Earnings Conference Call. [Operator instructions] For your in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

United Microelectronics Corporation (NYSE:UMC) Q1 2019 Earnings Conference Call April 24, 2019 5:00 AM ET Company Participants Michael Lin – Head-Investor Relations Jason Wang – President Chitung Liu – Chief Financial Officer Conference Call Participants Randy Abrams – Credit Suisse Szeho Ng – China Renaissance Roland Shu – Citi Bruce Lu – Goldman Sachs Aaron Jeng – Nomura Securities Charlie Chan – Morgan Stanley Albert Hung – JPMorgan Sebastian Hou – CLSA Julie Tsai – UBS Operator Welcome everyone to UMC’s ...