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UMC Reports Fourth Quarter 2022 Results

Full-year 2022 operating income exceeds NT$100bn with automotive revenue up 82% YoY

Fourth Quarter 2022 Overview1:

  • Revenue: NT$67.84 billion (US$2.21 billion)
  • Gross margin: 42.9%; Operating margin: 34.8%
  • Revenue from 22/28nm: 28%
  • Capacity utilization rate: 90%
  • Net income attributable to shareholders of the parent: NT$19.1 billion (US$621 million)
  • Earnings per share: NT$1.54; earnings per ADS: US$0.251

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 fourth quarter of 2022.

Fourth quarter consolidated revenue was NT$67.84 billion, decreasing 10.0% QoQ from NT$75.39 billion in 3Q22. Compared to a year ago, 4Q22 revenue grew 14.8% YoY from NT$59.10 billion in 4Q21. Consolidated gross margin for 4Q22 was 42.9%. Net income attributable to the shareholders of the parent was NT$19.1 billion, with earnings per ordinary share of NT$1.54.

Jason Wang, co-president of UMC, said, “In the fourth quarter, due to a significant slowdown across most of our end markets and inventory correction in the semiconductor industry, our wafer shipments fell 14.8% QoQ while overall fab utilization rate dropped to 90%. Average selling price increased slightly during the quarter as a result of our ongoing product mix optimization efforts, moderating the decline in revenue.”

“For the full year 2022, UMC’s revenue hit a record high of NT$278.7 billion while operating income exceeded NT$100 billion. Gross margin reached 45%, driven by a more favorable foreign exchange rate, expanding 22/28nm portfolio, and newly added capacity. We had taken advantage of the industry upturn over the past two years to enhance our differentiation in specialty technology offering, improve profitability, and deepen relationships with key customers. Revenue from 22/28nm technologies increased more than 56% YoY, driven by our industry-leading 28nm process for OLED display drivers and image signal processors. Our automotive segment also delivered impressive growth in 2022, increasing 82% YoY to account for approximately 9% of total sales. We expect this segment will continue to be a key growth catalyst in 2023 and beyond, driven by the long-term trend of vehicle electrification and automation. UMC is well positioned to serve the market with our comprehensive portfolio of auto-grade process technologies and facilities certified according to rigorous quality standards, while we continue to build strong partnerships with world-class automotive leaders.”

Co-president Wang commented, “Given the soft global economic outlook for 2023, we expect the current challenging environment to persist through the first quarter as customers’ days of inventory are still higher than normal while order visibility remains low. To manage this period of weakness, the Company is implementing strict cost control measures and deferring certain capital expenditures where possible. In the longer term, we remain positive that UMC’s differentiated specialty technology leadership, geographically diversified capacity offering, and quality and operational excellence will enable the Company to capture demand fueled by continuous digital transformation across industries and be the foundry of choice for leading customers.”

Co-president Wang added, “In 2022, we took solid steps in executing our net zero by 2050 roadmap. As part of our efforts to reduce emissions across the entire value chain, UMC recently introduced a program to empower our suppliers with resources to measure and manage their emissions output. To round out the important progress we made towards our ESG goals this year, we were honored to receive recognition from domestic and international institutions. In the 2022 Dow Jones Sustainability Indices (DJSI), UMC was ranked first in terms of overall sustainability performance among semiconductor foundry peers in the 2022 DJSI, while we were the only semiconductor firm globally to achieve double-A scoring for climate change and water security in CDP’s annual evaluation of corporate environmental action. Sustainability and a company’s long-term success are inextricably linked, and UMC will continue to strive to meet expectations of all of our stakeholders while acting as responsible social and environment stewards.”

Summary of Operating Results

Operating Results

(Amount: NT$ million)

4Q22

3Q22

QoQ %

change

4Q21

YoY %

change

Operating Revenues

67,836

75,392

(10.0)

59,100

14.8

Gross Profit

29,124

35,664

(18.3)

23,103

26.1

Operating Expenses

(6,798)

(6,794)

0.1

(6,821)

(0.3)

Net Other Operating Income and Expenses

1,311

1,287

1.9

1,334

(1.7)

Operating Income

23,637

30,157

(21.6)

17,616

34.2

Net Non-Operating Income and Expenses

889

2,189

(59.4)

558

59.4

Net Income Attributable to Shareholders of the Parent

19,068

26,996

(29.4)

15,949

19.6

EPS (NT$ per share)

1.54

2.19

 

1.30

 

(US$ per ADS)

0.251

0.357

 

0.212

 

Fourth quarter operating revenues declined by 10.0% sequentially to NT$67.84 billion resulting from the inventory correction within the semi industry which lowered wafer shipments. Revenue contribution from 40nm and below technologies represented 45% of wafer revenue. Gross profit decreased 18.3% QoQ to NT$29.12 billion, or 42.9% of revenue. Operating expenses remained flat at NT$6.80 billion. Net other operating income increased to NT$1.31 billion. Net non-operating income totaled NT$0.89 billion. Net income attributable to shareholders of the parent amounted to NT$19.07 billion.

Earnings per ordinary share for the quarter was NT$1.54. Earnings per ADS was US$0.251. The basic weighted average number of shares outstanding in 4Q22 was 12,348,880,384, compared with 12,305,516,644 shares in 3Q22 and 12,254,114,875 shares in 4Q21. The diluted weighted average number of shares outstanding was 12,684,106,050 in 4Q22, compared with 12,635,661,561 shares in 3Q22 and 12,489,949,678 shares in 4Q21. The fully diluted shares counted on December 31, 2022 were approximately 12,684,106,000.

1Unless 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 December 31, 2022, the three-month period ending September 30, 2022, and the equivalent three-month period that ended December 31, 2021. For all 4Q22 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. Dollars at the December 31, 2022 exchange rate of NT$ 30.70 per U.S. Dollar.

Detailed Financials Section

Operating revenues decreased to NT$67.84 billion. COGS declined 2.6% to NT$38.71 billion, which included 7.5% sequential decrease in depreciation. Gross profit fell 18.3% QoQ to NT$29.12 billion. Operating expenses remained flat at NT$6.80 billion, as Sales & Marketing reduced 10.2% to NT$0.95 billion while R&D was up 3.1% QoQ to NT$3.41 billion, representing 5.0% of revenue. Net other operating income was NT$1.31 billion. In 4Q22, operating income declined 21.6% QoQ to NT$23.64 billion.

COGS & Expenses

(Amount: NT$ million)

4Q22

3Q22

QoQ %

change

4Q21

YoY %

change

Operating Revenues

67,836

75,392

(10.0)

59,100

14.8

COGS

(38,712)

(39,728)

(2.6)

(35,997)

7.5

Depreciation

(8,898)

(9,622)

(7.5)

(10,122)

(12.1)

Other Mfg. Costs

(29,814)

(30,106)

(1.0)

(25,875)

15.2

Gross Profit

29,124

35,664

(18.3)

23,103

26.1

Gross Margin (%)

42.9%

47.3%

?

39.1%

?

Operating Expenses

(6,798)

(6,794)

0.1

(6,821)

(0.3)

G&A

(2,438)

(2,428)

0.4

(2,164)

12.7

Sales & Marketing

(953)

(1,061)

(10.2)

(1,240)

(23.1)

R&D

(3,407)

(3,304)

3.1

(3,414)

(0.2)

Expected Credit Impairment Loss

(0)

(1)

(48.5)

(3)

(88.3)

Net Other Operating Income & Expenses

1,311

1,287

1.9

1,334

(1.7)

Operating Income

23,637

30,157

(21.6)

17,616

34.2

Net non-operating income in 4Q22 was NT$0.89 billion, primarily reflecting the NT$1.38 billion in net investment gain and the NT$0.58 billion in net interest income partially offset by the NT$1.06 billion in exchange loss.

Non-Operating Income and Expenses

(Amount: NT$ million)

4Q22

3Q22

4Q21

Non-Operating Income and Expenses

889

2,189

558

Net Interest Income and Expenses

584

139

(343)

Net Investment Gain and Loss

1,382

780

2,689

Exchange Gain and Loss

(1,057)

1,293

312

Other Gain and Loss

(20)

(23)

(2,100)

In 4Q22, cash inflow from operating activities was NT$40.96 billion. Cash outflow from investing activities amounted to NT$36.05 billion, which included NT$36.32 billion in capital expenditure, resulting in free cash flow of NT$4.63 billion. Cash outflow from financing was NT$9.19 billion, primarily from a NT$8.08 billion in bank loans and a NT$2.54 billion in redemption of bonds. Net cash outflow in 4Q22 totaled NT$6.83 billion. Over the next 12 months, the company expects to repay NT$ 2.49 billion in bank loans.

Cash Flow Summary

(Amount: NT$ million)

For the 3-Month Period Ended

Dec. 31, 2022

For the 3-Month Period Ended

Sep.30, 2022

Cash Flow from Operating Activities

40,956

39,696

Net income before tax

24,526

32,346

Depreciation & Amortization

10,477

11,195

Share of profit of associates and joint ventures

(1,705)

(328)

Income tax paid

(385)

(652)

Changes in working capital & others

8,043

(2,865)

Cash Flow from Investing Activities

(36,045)

(21,419)

Decrease in financial assets measured at amortized cost

9

2,070

Acquisition of PP&E

(35,951)

(22,466)

Acquisition of intangible assets

(440)

(1,080)

Others

337

57

Cash Flow from Financing Activities

(9,185)

(26,688)

Bank loans

(8,082)

(473)

Redemption of bonds

(2,542)

(1,031)

Increase (decrease) in deposits-in

(389)

14,441

Cash distributed from additional paid- in capital

            -                          

(37,446)

Others

1,828

(2,179)

Effect of Exchange Rate

(2,556)

5,337

Net Cash Flow

(6,830)

(3,074)

Beginning balance

180,649

183,723

Ending balance

173,819

180,649

Cash and cash equivalents slightly decreased to NT$173.82 billion. Days of inventory increased by 6 days to 72 days.

Current Assets

(Amount: NT$ billion)

4Q22

3Q22

4Q21

Cash and Cash Equivalents

173.82

180.65

132.62

Accounts Receivable

36.98

44.84

35.19

Days Sales Outstanding

55

53

53

Inventories, net

31.07

30.10

23.01

Days of Inventory

72

66

59

Total Current Assets

252.37

266.95

233.27

Current liabilities slightly increased to NT$108.57 billion. Long-term credit/bonds decreased to NT$39.88 billion. Total liabilities decreased to NT$197.60 billion, leading to a debt to equity ratio of 59%.

Liabilities

(Amount: NT$ billion)

4Q22

3Q22

4Q21

Total Current Liabilities

108.57

108.01

105.45

Accounts Payable

8.98

10.04

8.36

Short-Term Credit / Bonds

7.59

12.19

39.26

Payables on Equipment

18.63

19.40

7.88

Other

73.37

66.38

49.95

Long-Term Credit / Bonds

39.88

46.15

39.83

Long-Term Investment Liabilities

4.22

4.26

8.25

Total Liabilities

197.60

204.21

183.22

Debt to Equity

59%

65%

65%

Analysis of Revenue2

Revenue from Asia-Pacific declined to 54% while business from North America was 30% of sales. Business from Europe was 9% while contribution from Japan increased to 7%.

Revenue Breakdown by Region

Region

4Q22

3Q22

2Q22

1Q22

4Q21

North America

30%

23%

22%

22%

21%

Asia Pacific

54%

62%

65%

64%

66%

Europe

9%

9%

8%

8%

7%

Japan

7%

6%

5%

6%

6%

Revenue contribution from 22/28nm grew to 28% of the wafer revenue, while 40nm contribution was 17% of sales.

Revenue Breakdown by Geometry

Geometry

4Q22

3Q22

2Q22

1Q22

4Q21

14nm and below

0%

0%

0%

0%

0%

14nm<x<=28nm

28%

25%

22%

20%

20%

28nm<x<=40nm

17%

17%

18%

18%

18%

40nm<x<=65nm

17%

18%

19%

19%

19%

65nm<x<=90nm

9%

8%

7%

8%

8%

90nm<x<=0.13um

12%

12%

12%

12%

12%

0.13um<x<=0.18um

10%

10%

12%

13%

13%

0.18um<x<=0.35um

5%

8%

8%

7%

7%

0.5um and above

2%

2%

2%

3%

3%

Revenue from fabless customers accounted for 81% of revenue.

Revenue Breakdown by Customer Type

Customer Type

4Q22

3Q22

2Q22

1Q22

4Q21

Fabless

81%

83%

86%

87%

86%

IDM

19%

17%

14%

13%

14%

Revenue from the communication segment represented 45%, while business from computer applications decreased to 12%. Business from consumer applications was 25% as other segments increased to 18% of revenue.

Revenue Breakdown by Application (1)

Application

4Q22

3Q22

2Q22

1Q22

4Q21

Computer

12%

14%

16%

17%

17%

Communication

45%

45%

45%

45%

46%

Consumer

25%

27%

27%

26%

26%

Others

18%

14%

12%

12%

11%

(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, WLAN. Communication consists of handset components, broadband, 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.

2 Revenue in this section represents wafer sales

Blended ASP Trend

Blended average selling price (ASP) grew slightly in 4Q22.

(To view blended ASP trend, please click here for 4Q22 ASP)

Shipment and Utilization Rate3

Wafer shipments decreased 14.8% QoQ to 2,213K in the fourth quarter, while quarterly capacity was 2,543K. Overall utilization rate in 4Q22 declined to 90%.

Wafer Shipments

 

4Q22

3Q22

2Q22

1Q22

4Q21

Wafer Shipments (8” K equivalents)

2,213

2,597

2,622

2,513

2,546

Quarterly Capacity Utilization Rate

 

4Q22

3Q22

2Q22

1Q22

4Q21

Utilization Rate

90%

100%+

100%+

100%+

100%+

Total Capacity (8” K equivalents)

2,543

2,539

2,528

2,420

2,419

3Utilization Rate = Quarterly Wafer Out / Quarterly Capacity

Capacity4

Total capacity in the fourth quarter increased to 2,543K 8-inch equivalent wafers. Capacity will decline in the first quarter of 2023 to 2,522K 8-inch equivalent wafers, reflecting the annual production maintenance across 8” and 12” facilities.

Annual Capacity in

thousands of wafers

FAB

Geometry

(um)

2022

2021

2020

2019

WTK

6"

5 – 0.15

335

329

371

370

8A

8"

3 – 0.11

765

755

802

825

8C

8"

0.35 – 0.11

459

459

452

436

8D

8"

0.18 – 0.09

410

380

371

359

8E

8"

0.6 – 0.14

469

457

449

426

8F

8"

0.18 – 0.11

550

514

485

434

8S

8"

0.18 – 0.11

443

408

373

372

8N

8"

0.5 – 0.11

952

917

917

831

12A

12"

0.13 – 0.014

1,170

1,070

1,044

997

12i

12"

0.13 – 0.040

655

641

628

595

12X

12"

0.080 – 0.022

314

284

217

203

12M

12"

0.13 – 0.040

436

395

391

98

Total(1)

10,031

9,453

9,188

8,148

YoY Growth Rate

6%

3%

13%

6%

Quarterly Capacity in

thousands of wafers

FAB

1Q23E

4Q22

3Q22

2Q22

WTK

6"

80

85

85

84

8A

8"

189

192

192

192

8C

8"

113

115

115

115

8D

8"

101

103

103

103

8E

8"

116

118

118

118

8F

8"

136

138

138

138

8S

8"

109

111

111

111

8N

8"

244

245

242

235

12A

12"

305

301

301

301

12i

12"

162

164

164

164

12X

12"

78

80

80

78

12M

12"

108

110

110

110

Total

2,522

2,543

2,539

2,528

(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. Total capacity figures are expressed in 8-inch equivalent wafers.

CAPEX

CAPEX spending in 4Q22 totaled US$1,167 million as 2022 CAPEX amounted to US$2.7 billion. 2023 cash-based CAPEX budget will be US$3.0 billion.

Capital Expenditure by Year - in US$ billion

Year

2022

2021

2020

2019

2018

CAPEX

$ 2.7

$ 1.8

$ 1.0

$ 0.6

$ 0.7

2023 CAPEX Plan

8"

12"

Total

10%

90%

US$3.0 billion

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.

Brief Summary of Full Year 2022 Consolidated Results

  • Consolidated revenue in NTD increased 30.8% YoY to NT$278.71 billion, from NT$213.01 billion in 2021.
  • Gross profit increased 74.6%, compared to a year ago, representing 45.1% of 2022 revenue.
  • Operating income grew 101.8% year on year, accounting for 37.4% of 2022 revenue.
  • Net income attributable to shareholders of the parent increased 56.3% to NT$87.20 billion in 2022.
  • EPS was NT$7.09, or EPADS of US$1.155 for 2022.
  • 22/28nm revenue grew 56% compared to 2021, as contribution from 28nm technologies and below accounted for 24% in 2022.

Operating Results

(Amount: NT$ million)

2022

2021

YoY % change

Operating Revenues

278,705

213,011

30.8

Gross Profit

125,764

72,050

74.6

Operating Expenses

(26,812)

(25,590)

4.8

Net Other Operating Income and Expenses

5,340

5,226

2.2

Operating Income

104,292

51,686

101.8

Net Non-Operating Income and Expenses

1,805

10,117

(82.2)

Income Tax Expense

(18,079)

(6,691)

170.2

Net Income Attributable to Shareholders of the Parent

87,198

55,780

56.3

EPS   (NT$ per share)

7.09

?4.57

 

(US$ per ADS)

1.155

0.744

 

Annual Sales Breakdown in Revenue for Foundry Segment

Region

2022

2021

North America

24%

22%

Asia Pacific

61%

65%

Europe

9%

7%

Japan

6%

6%

Technology

2022

2021

14nm and below

0%

0%

14nm<x<=28nm

24%

20%

28nm<x<=40nm

18%

18%

40nm<x<=65nm

18%

19%

65nm<x<=90nm

8%

8%

90nm<x<=0.13um

12%

12%

0.13um<x<=0.18um

11%

13%

0.18um<x<=0.35um

7%

8%

0.5um and above

2%

2%

Customer Type

2022

2021

Fabless

84%

85%

IDM

16%

15%

Application

2022

2021

Computer

15%

17%

Communication

45%

46%

Consumer

26%

27%

Others

14%

10%

First Quarter 2023 Outlook & Guidance

Quarter-over-Quarter Guidance:

  • Wafer Shipments: To decrease in the high teens % range
  • ASP in USD: To remain flat
  • Gross Profit Margin: Will be in the mid-30% range
  • Capacity Utilization: approximately 70%
  • 2023 CAPEX: US$3.0 billion

Recent Developments / Announcements

Nov.  9, 2022

UMC Drives Low-carbon Supply Chain with GHG Inventory Initiative

Nov. 30, 2022

Cadence and UMC Certified mmWave Reference Flow Delivers First-Pass Silicon Success

Dec. 10, 2022

UMC Again Leads Semiconductor Foundries in the 2022 Dow Jones Sustainability Indices

Dec. 16, 2022

UMC Earns Top Rating in CDP’s Climate Change and Water Security Assessments

Dec. 30, 2022

UMC Achieves AA Certification for Excellence in Intellectual Property Management and Protection

Please visit UMC’s website for further details regarding the above announcements

Conference Call / Webcast Announcement

Monday, January 16, 2023

Time:  5:00 PM (Taipei) / 4:00 AM (New York) / 09:00 AM (London)

Dial-in numbers and Access Codes:

Hong Kong Number: +852-2112-1888

Taiwan Number: 02-2162-6306

Other Areas: +852-2112-1888

Access Code: 9603516#

A live webcast and replay of the 4Q22 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. The company provides high quality IC production with a focus on both logic and specialty technologies to serve every major sector of the electronics industry. UMC’s comprehensive technology and manufacturing solutions include logic/RF, embedded high voltage, embedded flash, RFSOI/BCD and IATF-16949 automotive manufacturing certification for all its manufacturing facilities. UMC operates 12 fabs that are strategically located throughout Asia with a maximum capacity of approximately 850,000 8-inch equivalent wafers per month. The company employs approximately 20,000 people worldwide, with offices in Taiwan, China, United States, Europe, Japan, Korea and Singapore. For more information, please visit: http://www.umc.com.

Safe Harbor Statements

This press release contains 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.  These forward-looking statements include, but are not limited to, statements regarding anticipated financial results for the fourth quarter of 2022; the expected wafer shipment and ASP; the anticipated annual budget; capex strategies; environmental protection goals and water management strategies; impact of foreign currency exchange rates; expected foundry capacities; the ability to obtain new business opportunities; and information under the heading “Fourth   Quarter of 2022 Outlook and Guidance.”

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 risk factors is included in UMC’s filings with the United States Securities and Exchange Commission, including its Annual Report on Form 20-F. 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.

                UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES  
   Consolidated Condensed Balance Sheet
As of December 31, 2022
 Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
December 31, 2022
US$NT$%
Assets
Current assets
Cash and cash equivalents

5,662

173,819

32.6%

Accounts receivable, net

1,204

36,975

6.9%

Inventories, net

1,012

31,070

5.8%

Other current assets

342

10,507

2.0%

Total current assets

8,220

252,371

47.3%

Non-current assets
Funds and investments

2,113

64,855

12.2%

Property, plant and equipment

5,569

170,982

32.1%

Right-of-use assets

248

7,612

1.4%

Other non-current assets

1,213

37,232

7.0%

Total non-current assets

9,143

280,681

52.7%

Total assets

17,363

533,052

100.0%

Liabilities
Current liabilities
Payables

2,420

74,301

13.9%

Current portion of long-term liabilities

247

7,587

1.4%

Other current liabilities

869

26,677

5.1%

Total current liabilities

3,536

108,565

20.4%

Non-current liabilities
Bonds payable

752

23,083

4.3%

Long-term loans

547

16,794

3.2%

Lease liabilities, noncurrent

169

5,200

1.0%

Other non-current liabilities

1,432

43,959

8.2%

Total non-current liabilities

2,900

89,036

16.7%

Total liabilities

6,436

197,601

37.1%

Equity
Equity attributable to the parent company
Capital

4,073

125,047

23.5%

Additional paid-in capital

404

12,378

2.3%

Retained earnings and other components of equity

6,439

197,682

37.1%

Total equity attributable to the parent company

10,916

335,107

62.9%

Non-controlling interests

11

344

0.0%

Total equity

10,927

335,451

62.9%

Total liabilities and equity

17,363

533,052

100.0%

     
Note?New Taiwan Dollars have been translated into U.S. Dollars at the December 31, 2022 exchange rate of NT $30.70 per U.S. Dollar.

Contacts

Michael Lin / David Wong

UMC, Investor Relations
+ 886-2-2658-9168, ext. 16900

[email protected]
[email protected]

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