United Microelectronics
Annual Report 2019

Plain-text annual report

United Microelectronics Corporation 2019 Annual Report Printed on February 26, 2020 UMC Annual Report Information Can Be Accessed from the Following Websites: http://www.umc.com http://mops.twse.com.tw TSE Code: 2303 NYSE Symbol: UMC Annual Report 2019 Spokesperson Chitung Liu Fab 8E Securities Dealing Institution 17 Li-Hsin Rd., Hsinchu Science Park, Horizon Securities Co., Ltd. Senior Vice President and Hsinchu, Taiwan 30078, R.O.C. Chief Financial Officer 886 (3) 578 2258 Stock Registration Department 3F, No.236 Hsin-Yi Rd. Sec. 4, Taipei, 886 (2) 2658 9168 Chitung_Liu@umc.com Fab 8F Taiwan 10680, R.O.C. 886 (2) 2326 8818 3 Li-Hsin 6th Rd., Hsinchu Science Park, http://www.honsec.com.tw Acting Spokesperson(s) Hsinchu, Taiwan 30078, R.O.C. Jinhong Lin Finance Division Director 886 (2) 2658 9168 886 (3) 578 2258 Fab 8S 16 Creation 1st Rd., Hsinchu Science Park, Jinhong_Lin@umc.com Hsinchu, Taiwan 30077, R.O.C. 886 (3) 578 2258 Fab 12A ADR Depositary and Registrar J.P. Morgan Depositary Receipts 383 Madison Avenue, 11th Floor New York, NY 10179, U.S.A. General Contact:1 (800) 990 1135 Outside the USA:1 (651) 453 2128 http://www.adr.com David Wong Finance Division Manager 886 (2) 2658 9168 David_Wong@umc.com Headquarters 3 Li-Hsin 2nd Rd., Hsinchu Science Park, Hsinchu, Taiwan 30078, R.O.C. 886 (3) 578 2258 Taipei Office 18, 20 Nan-Ke 2nd Rd., & 57 Nan-Ke 3rd Rd., ADR Exchange Marketplace Southern Taiwan Science Park, Sinshih, Tainan, Taiwan 74147, R.O.C. 886 (6) 505 4888 Singapore Branch 3 Pasir Ris Drive 12, Singapore 519528 65 6213 0018 NYSE Euronext 11 Wall Street, New York, NY 10005, U.S.A. 1 (212) 656 3000 http://www.nyse.com Ticker/Search Code: UMC Subsidiary in Mainland China Marketplace HJ Singapore Exchange Securities Euro Convertible Bond Exchange 8F, 68 Sec. 1, Neihu Rd., Taipei, 333 Xinghua St., Suzhou Industrial Park, Taiwan 11493, R.O.C. 886 (2) 2658 9168 Suzhou, Jiangsu Province 215025, P.R.C. 0512 65931299 Fab 8A Subsidiary in Mainland China 3, 5 Li-Hsin 2nd Rd., Hsinchu USCXM Trading Limited 2 Shenton Way #02-02 SGX Centre 1 Singapore 068804 65 6236 8888 http://www.sgx.com Science Park, Hsinchu, Taiwan 899 Wan Jia Chun Road, Xiang’an District, ECB Search Code: ISIN XS1228110000 30078, R.O.C. 886 (3) 578 2258 Xiamen, Fujian Province, P.R.C. 0592 7687888 Fab 8C & Fab 8D Subsidiary in Japan 6, 8 Li-Hsin 3rd Rd., Hsinchu USJC Science Park, Hsinchu, Taiwan 3-1 Kinko-cho, Kanagawa-ku, Yokohama, 30078, R.O.C. 886 (3) 578 2258 Kanagawa, Japan 81 45 620 2682 Wavetek 10 Chuangxin 1st Rd., Hsinchu Science Park, Baoshan Township, Hsinchu, Taiwan 30076, R.O.C. 886 (3) 578 1259 NexPower 2 Houke S. Rd., Central Taiwan Science Park, Houli District, Taichung, Taiwan 42152, R.O.C. 886 (4) 2580 8888 Auditors Ernst & Young, Taiwan Wan-Ju Chiu, Hsin-Min Hsu 9F, No. 333, Sec. 1 Keelung Road, Taipei, Taiwan 11012, R.O.C. 886 (2) 2757 8888 http://www.ey.com Corporate Website http://www.umc.com Table of Contents Letter to Shareholders Corporate Profile 4 8 9 Corporate Profile and Date of Establishment 10 Corporate Milestones Corporate Governance Report 13 14 Corporate Organization 16 Directors’ and Managers’ Information 38 Corporate Governance Practices 97 Certified Public Accountant (CPA) Fee Information 97 97 UMC’s Chairman, Presidents, Chief Financial Officer, and Managers in Charge of Its Finance and Accounting Operations Did Not Hold Any Positions in UMC’s Independent Auditing Firm or Its Affiliates in the Most Recent Year Information of CPA Change 98 Change in Shareholding of Directors, Managers and Major Shareholders Who Own 10% or More of UMC Shares 100 Relationship Among the Top Ten Shareholders 101 Shares Held by the Company, Directors, Managers and Companies Directly or Indirectly Controlled by the Company, and the Comprehensive Shareholding Ratio Based on Combined Calculation Capital Overview 103 104 Capital and Shares 109 Issuance of Corporate Bonds 115 Preferred Shares 116 American Depositary Receipts 118 Employee Stock Option Handling Status 118 Issuance of New Restricted Employee Shares 118 Status of New Shares Issuance in Connection with Mergers and Acquisitions 118 Financing Plans and Execution Status Operations Overview 119 120 Business Activities 127 Overview of Market, Production, and Sales 133 Employees 134 Environmental Expenditure Information 134 Labor Relations 138 Major Contracts 2 United Microelectronics Corporation | Annual Report 2019 Financial Review 183 184 Condensed Balance Sheets 186 Condensed Statements of Comprehensive Income 188 Financial Analysis 192 Audit Committee’s Review Report 193 Financial Statements – Consolidated 269 Financial Statements – Parent Company Review of Financial Position, Operating 140 Results, Risk Management 141 Financial Position 142 Financial Performance 143 Cash Flow 143 Major Capital Expenditures from Recent Years and Impact on Company’s Finance and Business 143 Main Reasons and Improvement Plans for Recent Annual Reinvestment Policies and Profit or Loss, and Investment Plans for the Coming Year 144 Risk Management and Evaluation 153 Other Necessary Supplements Social Responsibility 15 4 155 Description of Corporate Social Responsibility 157 About Social Charity 163 Environmental Protection, Safety and Health Management Instructions Special Disclosures 16 9 170 Summary of Affiliated Enterprises 182 Issuance of Private Placement Securities 182 Acquisition or Disposal of UMC Shares by Subsidiaries 182 Other Necessary Supplements 182 Disclosures of Events Which May Have a Significant Influence on Stockholders’ Equity or Share Price, in Compliance with Item 3, Paragraph 2 in Article 36 of the Securities and Exchange Law of the R.O.C. 3 Dear Shareholders, In 2019, geopolitical tension and a constantly changing environment surrounding international affairs resulted in a sharp decline in semiconductor demand. Although UMC continued to explore various avenues of growth to continue progressing our technologies, increase production capacity and cultivate new customer engagements, the difficult macro environment led to UMC’s 2019 revenue declining slightly by 2% over the prior year. Our foundry segment shipped a total of 7.2 million 8 -inch equivalent wafers for the year, with capacity utilization rate at 89%. From a consolidated basis, UMC’s annual revenue was NT$148.2 billion, gross profit margin was 14.4%, and operating profit margin was 3.2%. Profit attributable to the parent company was NT$9.71 billion or an earnings per share of NT$0.82. UMC’s capital expenditure was US$574 million, mainly invested towards new R&D process equipment and capacity deployment of Fab 12A in Southern Taiwan Science Park, Fab 12X in Xiamen and Fab 8N in Suzhou. UMC is commit ted to prov iding c ustomers w ith an extensive offering of process manufacturing solutions by collaborating with partners across the supply chain to develop process technologies and expand capacity. Future semiconductor demand will be driven by artificial intelligence (AI), Internet of Things (IoT), 5G communication (5G) and automotive electronics (AUTO). We will achieve business expansion by dif ferentiating our logic and specialty technology solutions, with the latter being a core focus of UMC’s continuous investment strategy. In response to market demand, UMC has diversified its 12-inch fabs to diversify risk, highlighted by the recent acquisition of USJC (United Semiconductor Japan Corporation). This 12- inch wafer fab that will bring operating synergies through enhanced productivity by joining UMC’s network and supply chain ecosystem while driving our long-term growth in specialty technology segments. 44 44 Looking towards the f uture, UMC w ill proceed w ith the business strategy of strengthening our financial performance and securing future growth opportunities. UMC management team will focus on: (1) Integrating organizational ef fectiveness, developing technology, comprehensively improving quality and productivity, and pursuing excellence as the company’s goal; (2) Working closely with the supply chain to improve product mix and market share to maintain stable profitability; (3) Continuing our dedicat ion to c u stomer ser v ice, st rengthening sy nergies and prov iding added value, grow ing w ith customers, and creating win-win situations; (4) Enhancing the competitiveness of sustainable operations to protect shareholders’ best interests. Advanced Technology Development Research and Development has always been the focus of UMC’s operations. In 2019, UMC invested NT$11.86 billion in R&D, continuing to recruit and develop new R&D talent, which led to fruitful results in the field of research and development within advanced and specialty technologies. Our 14FFC (14nm FinFET Compact) process technology development has fulfilled market requirements and has been introduced for 5G and networking applications. The 22nm ultra-low power consumption (22ULP) and ultra- low leakage current (22ULL) process platforms have now completed customer product verification, which can be applied for semiconductor applications including Internet of Things (IoT), mobile devices, automotive electronics, and technologies such as analog, mixed signal, and RF. In addition, our 28nm high-performance computing (28HPC +) process will provide new business opportunities in the field of image signal processors (ISP) found in smartphones; these ICs will be mass-produced in UMC’s Taiwan fab in 2020. We also have a 28-nanometer millimeter-wave (mmWave) process that provides a low-power CMOS solution. Specialty Technology Development In specialty technology applications, UMC’s 28nm high- voltage technology entered volume production in 2019. UMC also introduced the industry’s first 40nm high-voltage driver IC process technology designed to complement organic light- emitting displays (AMOLED). In addition, the development of 22nm high-voltage technology (22eHV) is in line with our customers’ expectations. Our world-class Radio Frequency Insulated Semiconductor (RFSOI) process technologies fulfill the stringent requirements of RF switches found in 4G & 5G mobile phones. At present, UMC’s 0.13 micron, 0.11 micron and 90nm RFSOI processes have entered mass production. We have started developing a 55nm RFSOI platform to ensure future growth momentum in this area. Utilizing embedded flash memory technology (eFlash), 55nm MCUs have entered mass production while UMC’s 40nm customer, SST, has completed yield and reliability verification. 28nm SST R&D progress is also in line with expectations, targeted to fulfill IoT applications. In emerging memory, 40nm Resistive Random Access Memory (ReRAM) has entered the small- volume production stage. On our 22nm, Resistive Memory (ReRAM) technology and Embedded Magneto Resistive 5 Letter to Shareholders Random Access Memory (eMRAM) process platforms can be applied to related products such as AI Internet of Things (AIoT). Lastly, UMC is actively investing in the development of gallium nitride (GaN) semiconductors to facilitate entry into high-performance power market segments. Patents and Intellectual Property Rights Facing an intensely competitive landscape, UMC has for t if ied the company ’s patent por t folio to protec t intellectual property rights. The total number of patents granted to UMC over the years reached 13,507, strengthening UMC strong foundation in process technology knowledge and intellectual property. In 2019, a total of 515 domestic and foreign patents were obtained, including 345 US patents, 94 patents in Taiwan and 76 patents in mainland China. The growing number of technology patents will continue to create additional competitive advantages for UMC to enhance value in the semiconductor supply chain. Corporate Social Responsibility Focus, development and continuity are the core beliefs of UMC to ensure corporate sustainability, corporate governance and corporate social responsibility. To preserve the best interests of our shareholders, UMC’s Board of Directors established the “Remuneration Committee, ” “Audit Committee, ” “Capital Budget Committee” and “Nomination Committee” to deliver objective performance evaluations to enhance transparency and operational supervision. In 2019, UMC was recognized through a number of distinguished awards and honors from domestic and foreign institutions and government agencies, highlighting UMC’s continuous commitment in the path of sustainable foundry operations. 66 United Microelectronics Corporation | Annual Report 2019 Awards and Recognitions received in environmental protection, safety and health: Selected as a “DJSI-World” constituent on the Dow Jones Sustainability Indices for the 12th consecutive year Awarded highest honors in Corporate Governance Achieved Leadership Status on CDP’s Climate Change Assessment Program for four consecutive years Achieved the highest Platinum honors for the “Top 50 Corporate Sustainability Report Award” and the first “English Repor tage Award. ” Awarded the “National Enterprise Env ironmental Protec tion Award” by the Environmental Protection Administration of Executive Yuan, R.O.C for seventeen consecutive years Awarded “Energy Saving Leadership Award” by Bureau of Energy, Ministry of Economic Affairs We have strived to enhance UMC’s financial structure, diversify our customer base, and enhance development with world-class manufacturing capabilities. We are convinced that the implementation of the company’s strategy will elevate UMC’s competitiveness. With the joint effort of all our colleagues, the team will continue to provide better foundry services to improve the company’s operating performance and maximize benefits for UMC shareholders. We would like to express our deepest gratitude to all shareholders and wish everyone happiness and health. Chairman: Stan Hung President: SC Chien President: Jason Wang 77 Letter to Shareholders Corporate Profile 9 10 Corporate Profile and Date of Establishment Corporate Milestones 8 United Microelectronics Corporation | Annual Report 2019 Corporate Profile and Date of Establishment UMC is a leading global semiconductor foundry. The UMC has 12 wafer fabs located throughout Asia, including Company provides high quality IC production with a focus four advanced 12-inch fabs. Fab 12A was Taiwan’s first 12- on both logic and specialty technologies to serve every major inch fab, and has been in volume production for customer sector of the electronics industry. UMC’s comprehensive products since 2002. This advanced facility consists of technology and manufacturing solutions include logic/RF, Phases 1-6 and is currently manufacturing customer embedded high voltage, embedded flash, RFSOI/BCD on 8” products using 28-nanometer High-K/Metal gate and & 12” wafers and IATF-16949 automotive manufacturing 14-nanometer FinFET technologies. UMC’s second 12- certification for all wafer fabs. inch fab, Fab 12i, is located in Singapore. This facility is Founded in 1980 as Taiwan’s first semiconductor company, our specialty technologies center that provides highly UMC is a foundry leader. UMC’s comprehensive foundry specialized processes on 12-inch manufacturing to serve a solutions enable chip designers to leverage the strength diverse range of product applications. United Semi, located of the company’s leading-edge processes, which include in Xiamen, China, is southern China’s first 12-inch foundry 28-nanometer High-K/Metal Gate, 14-nanometer FinFET, fab and began volume production in 2016. United Semi mixed signal/RFCMOS, and a wide range of specialty serves China’s vast IC market and provides high quality, technologies. geographically diversified manufacturing for our foundry UMC led the development of the commercial semiconductor customers. Japan-based USJC, fully acquired in October industry in Taiwan. It was the first local company to offer of 2019, is UMC’s fourth 300mm fab. USJC offers foundry foundry services, as well as the first semiconductor company volume production for mature specialty nodes ranging to list on the Taiwan Stock Exchange (1985). UMC has an from 90-nanometer to 40-nanometer. extensive network of service offices in Taiwan, China, Europe, In addition, UMC’s manufacturing expertise and 40years Japan, Korea, Singapore, and the United States to meet the experience ensure industry-leading cycle times and defect needs of its global customer base. UMC will continue to densities. Comprehensive process control systems with provide customers with robust process technologies and advanced methodologies and a strong engineering team comprehensive foundry solutions, enabling customers to support fast product ramp. UMC’s advanced automation, continuously strengthen their competitive advantage in mature defect density, fast cycle times and ample capacity today’s rapidly changing industry. enable UMC to provide the most competitive manufacturing advantages for our foundry customers. Company establishment date: May 22, 1980. 99 Corporate Profile Corporate Milestones May, 1980 Established July, 1985 July, 1995 Officially listed on the TWSE Transformed into a Pure-play Foundry Company July-September, 1995 Formed joint ventures with 11 IC design houses from North America to establish three foundry companies September, 1995 8-inch fab started mass production January, 1996 0.35-micron technology process started production October, 1997 0.25-micron technology process started production April, 1998 Acquired Holtek Semiconductor fab (now known as Fab 8E) December, 1998 Acquired Nippon Steel Semiconductor Corp. fab (renamed UMCJ in 2001) March, 1999 0.18-micron technology process started production November, 1999 Official construction began for UMC's 12-inch fab in Tainan Science Park January, 2000 UMC Group 5-in-1 Millennium (Consolidated UMC, United Semiconductor Corp. (USC), United Integrated Circuits Corp. (UICC), United Silicon, Inc. (USIC) and UTEK Semiconductor Corp. into a single UMC) March, 2000 Manufactured first IC using all-copper interconnects May, 2000 Manufactured first 0.13-micron process IC September, 2000 Listed on the New York Stock Exchange December, 2000 Groundbreaking for the world's most advanced 12-inch fab in Singapore (UMCi) January, 2003 UMCi announced 12-inch fab equipment move-in March, 2003 Manufactured the First 90nm Process IC March, 2004 UMCi started mass production May, 2004 90nm process was fully verified and started mass production July, 2004 UMC acquired SiS Microelectronics (now known as Fab 8S) December, 2004 Acquired its subsidiary UMCi and changed its name to Fab 12i 10 United Microelectronics Corporation | Annual Report 2019 June, 2005 Manufactured the first 65nm customer IC August, 2005 90nm wafer shipments exceeded 100,000 June, 2006 Became the first semiconductor manufacturer in the world to complete QC-080000 IECQ HSPM certification for all company-wide sites November, 2006 Manufactured the first 45nm IC January, 2007 Expanded production site and completed a New R&D building in Tainan Science Park September, 2008 Listed as a constituent stock by Dow Jones Sustainability Indexes October, 2008 Announced foundry industry's first 28nm SRAMs April, 2009 Delivered customer ICs produced on its high performance 40nm logic technology December, 2009 Announced completion of tender offer to UMC Japan May, 2010 Celebrated 30th Anniversary December, 2010 12-inch fab Fab 12A Phase 3 began production October, 2011 28nm process began pilot production May, 2012 Groundbreaking ceremony for Fab 12A's new Phase 5 & 6 in Tainan Science Park March, 2013 Acquired HeJian Fab based in Suzhou, China May, 2013 Established its Specialty Technology Center of Excellence in Singapore August, 2014 Joined Fujitsu’s new foundry company March, 2015 Groundbreaking of United Semi (Xiamen) Fab November, 2016 Held grand opening ceremony for new 12-inch fab in Xiamen, China and the fab started mass production February, 2017 Entered mass production for 14nm customer ICs June, 2018 Board approved 100% acquisition of MIFS fab in Japan from Fujitsu September, 2019 Selected as a DJSI Global Component for 12th Consecutive Year October, 2019 Acquired 100% of MIFS 300mm fab, renamed USJC 11 Corporate Profile 12 United Microelectronics Corporation | Annual Report 2019 Corporate Governance Report Corporate Organization Directors’ and Managers’ Information Corporate Governance Practices Certified Public Accountant (CPA) Fee Information Information of CPA Change 14 16 38 97 97 97 UMC’s Chairman, Presidents, Chief Financial Officer, and Managers in Charge of Its Finance and Accounting Operations Did Not Hold Any Positions in UMC’s Independent Auditing Firm or Its Affiliates in the Most Recent Year Change in Shareholding of Directors, Managers and Major Shareholders Who Own 10% or More of UMC Shares 100 Relationship Among the Top Ten Shareholders 101 Shares Held by the Company, Directors, Managers and Companies Directly or Indirectly Controlled by the Company, and the Comprehensive Shareholding Ratio Based on Combined Calculation 98 13 Corporate Governance Report Corporate Organization Board of Directors Chairman Audit Committee Auditing Remuneration Committee President Capital Budget Committee Nominating Committee Foreign Global Sales & Manufacturing Technology Engineering Subsidiaries Marketing Integration Development Service Digital Quality & Reliability Assurance Organizational Functions Foreign Subsidiaries • Responsible for client and regional market development in the Americas, Europe, and Asia, and provide technical support and services. Engineering Service • Responsible for product engineering, malfunction and material analysis, product introduction and yield improvement for all fabs. Global Sales and Marketing • Responsible for global customer and operational management and market development, and provide technical support and services. • Under take UMC's objectives, analyze market information and integrate UMC's internal resources and external competition. F o r m u l a t e t e c h n i c a l d e v e l o p m e n t b l u e p r i n t s , s t r a t e g i c recommendations and advanced market development to serve as reference for UMC 's future business direction. Manufacturing Integration • Responsible for managing 8-inch and 12-inch operations, product manufacturing, manufacturing technology development, and integration of production and services. Technology Development • D esign, develop and manage intellec t u al prop er t y core for customer product needs. • Research and develop advanced process technology platforms, and develop and apply advanced material technology platforms. • Research and develop technolo gies for var iou s mat ure and special process platforms. • Provide company-wide photomask service, management, quality control and improvements. • Provide company-wide back-end encapsulation testing, quality control and improvements. Digital • Through innovative digital technologies, combined IoT, big data and artificial intelligence and integrated semiconductor expertise (OT) and infor mation technology (IT). Constr uc t data-dr iven advanced semiconductor smart manufacturing systems to improve produc t quality and y ield. Improve and optimize produc tion efficiency and production costs to achieve world-class quality of production services. Ensure information security and service quality to achieve customer satisfaction, company operational efficiency, and research and development momentum. Quality and Reliability Assurance • Responsible for comprehensive quality management, strengthening quality awareness and improving product reliability testing to meet customer demand for quality and improve quality control for mass products. 14 United Microelectronics Corporation | Annual Report 2019 Corporate & Manufacturing Operation Planning Resource Integration Finance Corporate Legal, IP & Development Compliance Human Resources New Business Development Corporate and Operation Planning Human Resources • Develop capacity plans and operational resource integration, and assist in production and sales coordination. Manufacturing Resource Integration • Responsible for company-wide plant operations, plant expansion planning and environmental safety and risk management. Finance • Responsible for the selection, utilization, cultivation and retention of human resource and ensuring a suitable working environment for employees. • Responsible for ensuring the physical safety of UMC's personnel, affairs and objects through tangible actions. New Business Development • Responsible for developing, assessing and managing new • Responsible for UMC's finances and accounting management, and serve as spokesperson for UMC. ventures. Corporate Development • Responsible for corporate development and strategy planning. Legal, Intellectual Property and Compliance • Responsible for domestic and international intellectual property rights management, legal affairs, and compliance with domestic and foreign laws and regulations. Auditing • Responsible for assisting the Board of Directors and managers to independently and objectively assess the effectiveness of designs and implementation of internal control system. Provide timely recommendations for improvement to ensure compliance with UMC's policies and relevant laws and regulations. 15 Corporate Governance Report Directors' and Managers' Information Directors’ Information Title Nationality /Place of Incorporation Name Gender Chairman R.O.C. Stan Hung Male Date Elected (Date Assumed) 2018.06.12 <2008.07.16> Term Expires Shareholding When Elected Present Shareholding Common Shares % Common Shares % 2021.06.11 16,341,452 0.13 39,916,452 0.34 Independent Director R.O.C. Cheng-Li Huang Male 2018.06.12 <2009.06.10> 2021.06.11 0 0 0 0 Independent Director R.O.C. Wenyi Chu Female 2018.06.12 <2015.06.09> 2021.06.11 Independent Director R.O.C. Lih J. Chen Male 2018.06.12 <2018.06.12> 2021.06.11 Independent Director R.O.C. Jyuo-Min Shyu Male 2018.06.12 <2018.06.12> 2021.06.11 0 0 0 0 0 0 0 0 0 0 0 0 16 United Microelectronics Corporation | Annual Report 2019 Spouse & Minor Shareholding Common Shares % 1,269,435 0.01 Experience (Education) Selected Current Position at UMC and Other Companies Chairman, UMC Bachelor in Accounting, Tamkang University Chairman & Chief Strategic Officer, UMC; Chairman, Fortune Venture Capital Corp.; Chairman, TLC Capital Co., Ltd.; Chairman, Faraday Technology Corporation; Director, Triknight Capital Corporation; Chairman, UMC Capital Corp.; Director, United Microelectronics (Europe) B.V.; Director, UMC Capital (USA); Director, UnitedDS Semiconductor (Shandong) Co., Ltd. 0 0 0 0 0 0 0 0 Certified Public Accountant, Zheng Ji Accounting Firm Professor, Department of Accounting, Tamkang University Ph.D. of Business School, the University of Warwick Professor, Department of Business Administration, National Taiwan University Ph.D. of London Business School Academician, Academia Sinica Distinguished Chair Professor, National Tsing Hua University Ph.D. in Physics, University of California, Berkeley Emeritus Professor, National Tsing Hua University Minister, Ministry of Science and Technology President, Industrial Technology Research Institute Ph.D. in Electrical Engineering and Computer Science, University of California, Berkeley None None None Independent Director, Inventec Corporation; Director, Iridium Medical Technology Co., Ltd.; Director, GeoThings, Inc.; Director, Modern Classic Limited 17 Corporate Governance Report Directors’ Information (Continue) Title Nationality /Place of Incorporation Name Gender Date Elected (Date Assumed) Director R.O.C. U.S.A. Chung Laung Liu Male 2018.06.12 <2006.06.12> 2021.06.11 Term Expires Shareholding When Elected Present Shareholding Common Shares 0 % 0 Common Shares 0 % 0 Director R.O.C. Ting-Yu Lin Male Director R.O.C. N/A Hsun Chieh Investment Co., Ltd. 2018.06.12 <2009.06.10> 2018.06.12 <1995.06.21> 2021.06.11 12,547,222 0.10 12,547,222 0.11 2021.06.11 441,371,000 3.50 441,371,000 3.76 R.O.C. Representative: SC Chien Male 2018.06.12 <2016.03.01> 2021.06.11 1,894,648 0.02 7,894,648 0.07 Director R.O.C. N/A Silicon Integrated Systems Corp. 2018.06.12 <2005.06.13> 2021.06.11 315,380,424 2.50 285,380,424 2.43 U.S.A. Representative: Jason Wang Male 2018.06.12 <2015.06.09> 2021.06.11 0 0 10,200,000 0.09 Note 1: Present shareholding figures are actual number of shares held on January 31, 2020. Note 2: Directors’ election date is the same date they assumed their positions. Note 3: Directors are not spouses or relatives within the second degree of kinship of other managers and directors. 18 United Microelectronics Corporation | Annual Report 2019 Spouse & Minor Shareholding Common Shares 0 % 0 Experience (Education) Selected Current Position at UMC and Other Companies Academician, Academia Sinica Honorary Chair Professor, National Tsing Hua University Sc.D. of Massachusetts Institute of Technology Chairman, TrendForce Corp.; Independent Director, Microelectronics Technology Inc.; Independent Director, Powerchip Technology Corporation; Independent Director, Far EasTone Telecommunications Co., Ltd.; Independent Director, Accton Technology Corporation; Director, Macronix International Co., Ltd.; Director, UBI Pharma Inc.; Director, GeoThings, Inc. 0 0 Chairperson, Sunrox International Inc. Master in International Finance, Meiji University N/A N/A N/A None N/A 0 0 Director, UMC Bachelor in Chemical Engineering, National Taiwan University President, UMC; Director, Fortune Venture Capital Corp.; Director, TLC Capital Co., Ltd.; Director, Wavetek Microelectronics Corporation; Director, UMC Capital Corp. N/A N/A N/A N/A 0 0 Director, UMC Business Administration, San Jose State University President, UMC; Director, Fortune Venture Capital Corp.; Director, TLC Capital Co., Ltd.; Director, Wavetek Microelectronics Corporation; Director, UMC Group (USA); Director, United Microelectronics (Europe) B.V.; Director, UMC Capital Corp.; Director & President, UMC Capital (USA); Director, United Microtechnology Corporation (New York); Director, United Microtechnology Corporation (California); Director, Sino Paragon Limited Note 4: Directors did not hold shares through other parties. Note 5: Present Shareholding figures consist of shares under Trust with Discretion Reserved. Note 6: Presidents and Chairman are not the same person, spouses or relatives within the first degree of kinship. 19 Corporate Governance Report Major Shareholders of UMC’s Institutional Shareholders Name of Institutional Shareholders Major Shareholders (Holding Percentage) Hsun Chieh Investment Co., Ltd. Shieh Yong Capital Co., Ltd. (63.48%); UMC (36.49%) Silicon Integrated Systems Corp. UMC (20.20%); Hsun Chieh Investment Co., Ltd. (1.54%); Hsing-Sen Liu (1.43%); JPMorgan Chase Bank N.A., Taipei Branch in custody for Vanguard Total International Stock Index Fund, a series of Vanguard Star Funds (1.13%); Vanguard Emerging Markets Stock Index Fund, a series of Vanguard International Equity Index Funds (0.75%); Liang Xun Investment Co., Ltd. (0.63%); Zhi-Wei Wu (0.59%); De-Chang Wu (0.54%); Hua-Rong Lian (0.54%); Wen-Chi Chen (0.52%) Major Shareholders of UMC’s Major Institutional Shareholders Name of Institutional Shareholders Major Shareholders (Holding Percentage) Shieh Yong Capital Co., Ltd. Unimic ron Te chnolo gy Cor p. (16.67 %); Si licon Integrated Sys tems Cor p. (16.67 %); Novatek Mic roelec tronics Cor p. (15.15%); Faraday Technology Cor poration (12.12%); King Yuan Elec tronics Co., Ltd . (7.58%) Liang Xun Investment Co., Ltd. Tsai- Feng H ou (23.42%); C hi- C hu an Hu ang (23.42%); Liang - Hsun Hu ang (17.72%); Hsiang -Shu Hu ang (17.72% ); Liang - Hsu an Hu ang (17.72%) 20 United Microelectronics Corporation | Annual Report 2019 Directors’ Professional Knowledge and Independence Information Criteria Name Stan Hung SC Chien Jason Wang Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Chung Laung Liu Ting-Yu Lin Independence Status (Note) 1 2 3 4 5 6 7 8 9 10 11 12 Number of Companies also Serves as Independent Director for Five or More Years Experience or Professional Qualification Lecturer or Above in Business, Law, Finance, Accounting or Corporate Business Related Fields Qualification of Justice, Procurator, Attorney, CPA, Specialist or Technician of National Examination in Corporate Business Related Fields Experience in Business, Law, Finance, Accounting or Corporate Business Related Fields Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes - - - - - - - - - - 0 0 0 0 0 0 1 4 0 Note: For those directors who match the condition listed below during and two years before assuming period, “ ” is marked in the appropriate space. (1) Is not an employee of the Company or its affiliates. (2) Is not a director or supervisor of the Company or its affiliates (the same does not apply, however, in cases where the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). (3) Does not directly or indirectly own more than 1% of the Company’s outstanding shares, nor is one of the top ten non-institutional shareholders of the Company. (4) Is not a spouse, relative within the second degree of kinship or lineal relative within the third degree of kinship of managers specified in the column (1)or any person specified in the column(2)and(3). (5) Is not a director, supervisor or employee of a legal entity which directly owns more than 5% of the Company’s issued shares or are the top five owners of the Company’s issued shares, nor a director, supervisor or employee of a legal entity which designates a representative to serve as a director or supervisor of the Company in accordance with Article 27, paragraph 1 or 2 of the Company Act (the same does not apply, however, in cases where the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). (6) Is not a director, supervisor or employee of other company, and more than half of directors or voting shares of other company are controlled by the same person (the same does not apply, however, in cases where the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). (7) Is not a director, supervisor or employee of other company, and Chairman, President or Manager with equivalent position of other company are the same person or spouse (the same does not apply, however, in cases where the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). (8) Is not a director, supervisor, or manager of a company which has a business relationship with the Company, nor a shareholder who owns more than 5% of such a company (the same does not apply, however, in cases where a company owns more than 20% but less than 50% of the Company’s issued shares and the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). (9) Is not an owner, partner, director, supervisor, manager or spouse of any sole proprietor business, partnership, company or institution which has provided the Company and its affiliates with auditing or services of finance, business consult and legal affairs for which the accumulated remuneration in the past two years does not exceed NTD 500,000, provided that this restriction does not apply to any member of the compensation committee, public tender offer review committee, or special committee on mergers and acquisitions who exercises powers pursuant to related regulation such as the “Securities and Exchange Act” or the “Business Mergers And Acquisitions Act.” (10) Is not a spouse or relative within the second degree of kinship of any of the directors. (11) Is not under any condition pursuant to Article 30 of the Company Act. (12) Is not a legal entity owner or its representative pursuant to Article 27 of the Company Act. 21 Corporate Governance Report Managers’ Information Title Nationality Name Gender Date Elected Present Shareholding (Date Assumed) Spouse & Minor Shareholding Common Shares % Common Shares % Chairman & Chief Strategic Officer R.O.C. Stan Hung Male 2008.07.16 39,916,452 0.34 1,269,435 0.01 President R.O.C. SC Chien Male 2004.1 1 . 23 7,894,648 0.07 President U.S.A. Jason Wang Male 201 4 .12.24 10,200,000 0.09 Executive Vice President Senior Vice President Senior Vice President & Chief Financial Officer Senior Vice President & General Counsel R.O.C. Ming Hsu Male 201 5 . 06.08 1,873,000 0.02 R.O.C. Oliver Chang Male 202 0 . 02.26 462,589 0.00 R.O.C. Chitung Liu Male 200 5 . 10.20 3,340,217 0.03 R.O.C. Lucas S Chang Male 201 8 .01. 01 900,000 0.01 0 0 0 0 0 0 0 0 0 0 0 0 Vice President R.O.C. TS Wu Male 2013 .01.01 1,009,809 0.01 304 0.00 Vice President R.O.C. C C Hsu Male 2013 .01.01 1,152,068 0.01 Vice President R.O.C. M C Lai Male 201 5 . 03.30 1,526,863 0.01 Vice President R.O.C. G C Hung Male 201 5 . 01.28 1,500,791 0.01 Vice President R.O.C. Wenchi Ting Male 201 7. 01.03 1,350,000 0.01 0 0 0 0 0 0 0 0 22 United Microelectronics Corporation | Annual Report 2019 Experience/Education Selected Current Position at Other Companies Chairman & Chief Strategic Officer, UMC Bachelor in Accounting, Tamkang University President, UMC Bachelor in Chemical Engineering, National Taiwan University President, UMC Business Administration, San Jose State University Executive Vice President, UMC Master in Science Electrical Engineering, University of Southern California Chairman, Fortune Venture Capital Corp.; Chairman, TLC Capital Co., Ltd.; Chairman, Faraday Technology Corporation; Director, Triknight Capital Corporation; Chairman, UMC Capital Corp.; Director, United Microelectronics (Europe) B.V.; Director, UMC Capital (USA); Director, UnitedDS Semiconductor (Shandong) Co., Ltd. Director, Fortune Venture Capital Corp.; Director, TLC Capital Co., Ltd.; Director, Wavetek Microelectronics Corporation; Director, UMC Capital Corp. Director, Fortune Venture Capital Corp.; Director, TLC Capital Co., Ltd.; Director, Wavetek Microelectronics Corporation; Director, UMC Group (USA); Director, United Microelectronics (Europe) B.V.; Director, UMC Capital Corp.; Director & President, UMC Capital (USA); Director, United Microtechnology Corporation (New York); Director, United Microtechnology Corporation (California); Director, Sino Paragon Limited Director, United Semiconductor Japan Co., Ltd. Senior Vice President, UMC Bachelor in Physics, Chinese Culture University None Senior Vice President & Chief Financial Officer, UMC EMBA in Business Administration, National Taiwan University Director, Fortune Venture Capital Corp.; Director, TLC Capital Co., Ltd.; Director, Unimicron Technology Corp.; Director, Novatek Microelectronics Corp.; Director, HeJian Technology (Suzhou) Co., Ltd.; Director, UMC Group (USA); Director, Green Earth Limited; Director, ECP Vita Pte. Ltd.; Director, Omni Global Limited; Director, UMC Capital Corp.; Director, United Microchip Corporation; Director, Sino Paragon Limited; Director, United Semiconductor Japan Co., Ltd. Senior Vice President & General Counsel, UMC J.D. in Law, University of Santa Clara Director, Alpha and Omega Semiconductor Limited Vice President, UMC Master in Electronic Engineering, National Chiao Tung University None Vice President, UMC Master in Materials Science & Engineering, National Tsing Hua University Vice President, UMC Bachelor in Materials Science & Engineering, National Tsing Hua University Vice President, UMC Master in Chemical Engineering, National Taiwan University Vice President, UMC Ph.D. in Computer Information Science, University of Texas at Austin Vice Chairman, United Semiconductor (Xiamen) Co., Ltd. Director, HeJian Technology (Suzhou) Co., Ltd. None Director, Asia Pacific Microsystems, Inc. 23 Corporate Governance Report Managers’ Information (Continue) Title Nationality Name Gender Date Elected Present Shareholding (Date Assumed) Common Shares % Common Shares Spouse & Minor Shareholding Vice President R.O.C. Jerry CJ Hu Male 2013 .04.02 1,045,000 0.01 Vice President R.O.C. Y S Shen Male 201 4 .01.13 975,000 0.01 Vice President R.O.C. Steven S Liu Male 201 7.04.24 900,000 0.01 0 0 0 Vice President R.O.C. SR Sheu Male 2008.07.16 1,418,892 0.01 786,017 0.01 Vice President R.O.C. M L Liao Male 2008.07.16 3,540,809 0.03 199,138 0.00 Vice President R.O.C. S S Hong Male 2013 .01.01 1,066,406 0.01 Vice President R.O.C. Francia Hsu Female 2016 . 03.16 960,000 0.01 0 0 0 R.O.C. Eric Chen Male 2 0 1 1 . 02.14 1,250,000 0.01 R.O.C. Johnson Liu Male 20 1 4 .11.04 506, 413 0.00 1,631 R.O.C. Victor Chuang Male 2 0 1 9.03.28 364,671 0.00 13,943 R.O.C. Chuck Chen Male 2 0 1 9.03.28 508,201 0.00 R.O.C. S F Tzou Male 2013.01.01 1,879,108 0.02 0 0 % 0 0 0 0 0 0 0.00 0.00 0 0 R.O.C. Le Tien Jung Male 2013.01.01 850,000 0.01 20,000 0.00 R.O.C. Yau Kae Sheu Male 2014.01.13 850,000 0.01 0 0 Vice President & Chief Human Resources Officer Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President 24 United Microelectronics Corporation | Annual Report 2019 Experience/Education Selected Current Position at Other Companies Vice President, UMC Ph.D. in Materials Science & Engineering, Stanford University None Vice President, UMC Bachelor in Electronic Engineering, Feng Chia University Vice President, UMC Master in Science Electrical Engineering, University of Southern California Vice President, UMC Master in Electrical Engineering, The University of New Mexico Vice President, UMC Bachelor in Electronic Engineering, National Taiwan Institute of Technology Vice President, UMC Bachelor in Materials Science & Engineering, National Tsing Hua University Director, Faraday Technology Corporation None None None Chairman, United Semiconductor Japan Co., Ltd. Vice President, UMC Master in Industrial Engineering, National Chiao Tung University None Vice President & Chief Human Resources Officer, UMC EMBA in Finance, National Taiwan University Associate Vice President, UMC Bachelor in Physics, Tamkang University Associate Vice President, UMC Bachelor in Electrical Engineering, National Cheng Kung University Associate Vice President, UMC Master in Engineering Science, National Cheng Kung University Associate Vice President, UMC Master in Materials Science & Engineering, National Tsing Hua University Associate Vice President, UMC Ph.D. in Electrical Engineering, University of Texas at Austin Associate Vice President, UMC Master in Electrical Engineering, University of Missouri Director, Best Elite International Limited None None None None None None 25 Corporate Governance Report Managers’ Information (Continue) Title Nationality Name Gender Date Elected Present Shareholding (Date Assumed) Spouse & Minor Shareholding Common Shares % Common Shares % 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 Associate Vice President R.O.C. J Y Wu Male 2014.05.01 850, 1 9 1 0.01 587 0.00 R.O.C. Osbert Cheng Male 2014.08.01 850,938 0.01 0 0 R.O.C. Steven Hsu Male 2016.03.16 850,000 0.01 2,889 0.00 Singapore Purakh Raj Verma Male 2017.08.09 R.O.C. Yanan Mou Male 2019.07.01 0 0 0 0 0 0 40,146 0.00 R.O.C. C Y Hsu Male 20 1 7. 0 4 .1 7 4,267 0.00 R.O.C. Remi Yu Male 2019.1 1 . 1 5 120,000 0.00 R.O.C. Michael CY Wang Male 2019.1 2 . 3 1 0 0 R.O.C. Ji Fu Kung Male 2013.01.01 850,741 0.01 R.O.C. C P Yen Male 2015.09.16 952,645 0.01 0 0 0 0 0 0 0 0 0 0 R.O.C. Mindy Lin Female 2018.05.14 1,227,925 0.01 781,408 0.01 R.O.C. Pang Min Wang Male 2018.09.14 418,126 0.00 16 0.00 Former Associate Vice President R.O.C. T W Liu Male 2015.09.16 N/A N/A N/A N/A Former Associate Vice President R.O.C. Chih Chong Wang Male 2018.01.04 N/A N/A N/A N/A Note 1: T W Liu and Chih Chong Wang, former managers, were dismissed in 2019. Note 2: Present shareholding figures are actual number of shares held on January 31, 2020. Note 3: Managers did not hold shares through other parties. Note 4: Managers are not spouses or relatives within the second degree of kinship of other managers. Note 5: Managers’ election date is the same date they assumed their positions. Note 6: Present shareholding figures consist of shares under Trust with Discretion Reserved. Note 7: Presidents and Chairman are not the same person, spouses or relatives within the first degree of kinship. 26 United Microelectronics Corporation | Annual Report 2019 Experience/Education Selected Current Position at Other Companies Associate Vice President, UMC Master in Physics, Tamkang University Associate Vice President, UMC Ph.D. in Electrical Engineering, National Chiao Tung University Associate Vice President, UMC Master in Electronic Engineering, National Chiao Tung University Associate Vice President, UMC Master in Microelectronics, Nanyang Technological University Associate Vice President, UMC Master in Electrical Engineering, State University of New York at Stony Brook Associate Vice President, UMC EMBA, National Chiao Tung University Associate Vice President, UMC Bachelor in Electrophysics, National Chiao Tung University Associate Vice President, UMC Master in Chemical Engineering, Cornell University Associate Vice President, UMC Ph.D. in Materials Science, University of Connecticut Associate Vice President, UMC Master in Engineering Science, National Cheng Kung University Associate Vice President, UMC Master in Business Administration, University of Leicester Associate Vice President, UMC Master in Integrated Manufacturing Systems Engineering, North Carolina State University Former Associate Vice President, UMC Bachelor in Electrical Engineering, National Central University Former Associate Vice President, UMC Ph.D. in Electrical Engineering, National Chiao Tung University None None None None None None None None None None None None N/A N/A 27 Corporate Governance Report Remuneration Paid to Directors (Including Independent Directors), Presidents and Vice Presidents Directors’ Remuneration (Including Independent Directors’) Title Name Director's Remuneration Base Compensation (A) Severance Pay and Pensions(B) Compensation to Directors(C) Business Execution Expenses(D) Ratio of Total Remuneration (A+B+C+D) to Net Income (%) The Company The Company Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements Companies in the Consolidated Financial Statements Chairman Stan Hung Independent Director Independent Director Independent Director Independent Director Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Director Chung Laung Liu 0 1,037 0 0 10,259 21,259 7,080 7,170 0.18 0.30 Director Ting-Yu Lin Director Director Hsun Chieh Investment Co., Ltd. Representative: SC Chien Silicon Integrated Systems Corp. Representative: Jason Wang In addition to the information disclosed in the table above, has any Director of the Company provided services to any of the companies included in the Financial Statements and received compensation for such services (e.g. provided consultation services in a non-employee capacity): None. 28 United Microelectronics Corporation | Annual Report 2019 Base Compensation Bonuses and Special Expenses etc. (E) The Company Companies in the Consolidated Financial Statements The Company Severance Pay and Pensions (F) Companies in the Consolidated Financial Statements Compensation Earned by a Director Who Is an Employee of UMC or UMC’s Consolidated Entities Employees' Profit Sharing Bonus (G) Ratio of Total Compensation (A+B+C+D+E+F+G) to Net Income (%) The Company Companies in the Consolidated Financial Statements The Company Cash Stock Cash Stock Companies in the Consolidated Financial Statements In Thousand NTD Compensation from Other Non- Consolidated Entities Invested by the Company 39,155 47,959 290 290 9,360 0 9,360 0 0.68 0.90 1,680 29 Corporate Governance Report Remuneration Paid to Directors (Including Independent Directors), Presidents and Vice Presidents (Continue) Remuneration Range for Each Director in the Company Names of Directors Sum of the First 4 Items (A+B+C+D) Sum of the First 7 Items (A+B+C+D+E+F+G) The Company The Company Companies in the Consolidated Financial Statements Companies in the Consolidated Financial Statements Lower than NTD 1,000,000 NTD 1,000,000 (inclusive)~ NTD 2,000,000 (exclusive) NTD 2,000,000 (inclusive)~ NTD 3,500,000 (exclusive) Jason Wang SC Chien Stan Hung Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Chung Laung Liu Ting-Yu Lin NTD 3,500,000 (inclusive)~ NTD 5,000,000 (exclusive) NTD 5,000,000 (inclusive)~ NTD 10,000,000 (exclusive) NTD 10,000,000 (inclusive)~ NTD 15,000,000 (exclusive) NTD 15,000,000 (inclusive)~ NTD 30,000,000 (exclusive) NTD 30,000,000 (inclusive)~ NTD 50,000,000 (exclusive) NTD 50,000,000 (inclusive)~ NTD 100,000,000 (exclusive) NTD 100,000,000 or More Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Chung Laung Liu Ting-Yu Lin Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Chung Laung Liu Ting-Yu Lin Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Chung Laung Liu Ting-Yu Lin Jason Wang SC Chien Stan Hung Stan Hung Jason Wang SC Chien Stan Hung SC Chien Jason Wang Total 11 11 11 11 30 United Microelectronics Corporation | Annual Report 2019 31 Corporate Governance Report Remuneration Paid to Directors (Including Independent Directors), Presidents and Vice Presidents (Continue) Compensation Paid to Presidents and Vice Presidents Title Name Salary(A) Severance Pay and Pensions(B) Bonuses and Special Expenses etc. (C) The Company Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements 71,362 90,924 2,147 2,147 91,494 99,911 Chairman & Chief Strategic Officer Stan Hung President President Executive Vice President Senior Vice President Senior Vice President & Chief Financial Officer Senior Vice President & General Counsel SC Chien Jason Wang Ming Hsu Oliver Chang Chitung Liu Lucas S Chang Vice President TS Wu Vice President Vice President C C Hsu M C Lai Vice President G C Hung Vice President Wenchi Ting Vice President Jerry CJ Hu Vice President Y S Shen Vice President Steven S Liu Vice President SR Sheu Vice President M L Liao Vice President S S Hong Vice President Francia Hsu Vice President & Chief Human Resources Officer Eric Chen 32 United Microelectronics Corporation | Annual Report 2019 Employees' Profit Sharing Bonus(D) Ratio of Total Compensation (A+B+C+D) to Net Income (%)  In Thousand NTD Compensation from Other Non- Consolidated Entities Invested by the Company The Company Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements Cash Stock Cash Stock 41,930 0 41,930 0 2.13 2.42 2,995 33 Corporate Governance Report Remuneration Paid to Directors (Including Independent Directors), Presidents and Vice Presidents (Continue) Compensation Range for Each President and Vice President in the Company Lower than NTD 1,000,000 NTD 1,000,000 (inclusive)~ NTD 2,000,000 (exclusive) NTD 2,000,000 (inclusive)~ NTD 3,500,000 (exclusive) NTD 3,500,000 (inclusive)~ NTD 5,000,000 (exclusive) NTD 5,000,000 (inclusive)~ NTD 10,000,000 (exclusive) NTD 10,000,000 (inclusive)~ NTD 15,000,000 (exclusive) NTD 15,000,000 (inclusive)~ NTD 30,000,000 (exclusive) NTD 30,000,000 (inclusive)~ NTD 50,000,000 (exclusive) NTD 50,000,000 (inclusive)~ NTD 100,000,000 (exclusive) NTD 100,000,000 or More Total The Company Oliver Chang Names of Presidents and Vice Presidents Companies in the Consolidated Financial Statements Oliver Chang Lucas S Chang, M C Lai, G C Hung, Wenchi Ting Y S Shen, SR Sheu, M L Liao, S S Hong Francia Hsu, Eric Chen M C Lai, G C Hung, Wenchi Ting, Y S Shen SR Sheu, M L Liao, S S Hong Francia Hsu, Eric Chen Stan Hung, Ming Hsu, Chitung Liu, TS Wu C C Hsu, Jerry CJ Hu, Steven S Liu Stan Hung, Chitung Liu, TS Wu C C Hsu, Jerry CJ Hu, Steven S Liu SC Chien, Jason Wang SC Chien, Ming Hsu, Lucas S Chang Jason Wang 20 20 34 United Microelectronics Corporation | Annual Report 2019 Remuneration Paid to Directors (Including Independent Directors), Presidents and Vice Presidents (Continue) Employees’ Profit Sharing Bonus Paid to Management Team Title Name Stock Cash Total In Thousand NTD Ratio of Total Profit Sharing Bonus to Net Income (%) Chairman & Chief Strategic Officer Stan Hung President President SC Chien Jason Wang Executive Vice President Ming Hsu Senior Vice President Oliver Chang Senior Vice President & Chief Financial Officer Senior Vice President & General Counsel Chitung Liu Lucas S Chang Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President & Chief Human Resources Officer TS Wu C C Hsu M C Lai G C Hung Wenchi Ting Jerry CJ Hu Y S Shen Steven S Liu SR Sheu M L Liao S S Hong Francia Hsu Eric Chen Associate Vice President Johnson Liu Associate Vice President Victor Chuang Associate Vice President Chuck Chen Associate Vice President S F Tzou Associate Vice President Le Tien Jung Associate Vice President Yau Kae Sheu Associate Vice President J Y Wu Associate Vice President Osbert Cheng Associate Vice President Steven Hsu Associate Vice President Purakh Raj Verma Associate Vice President Yanan Mou Associate Vice President C Y Hsu Associate Vice President Remi Yu Associate Vice President Michael CY Wang Associate Vice President Ji Fu Kung Associate Vice President C P Yen Associate Vice President Mindy Lin Associate Vice President Pang Min Wang Former Associate Vice President Former Associate Vice President T W Liu Chih Chong Wang 0 65,626 65,626 0.68 35 Corporate Governance Report Comparison of Compensation of Directors, Presidents and Vice Presidents in the Past Two Years Net Income Stated in the Parent Company Only Financial Reports (In Thousand NTD) The Percentage of Directors’ Remuneration to Net Income (%) The Percentage of Executive officer’s Compensation to Net Income (%) 2019 2018 The Company Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements 9,707,614 9,707,614 7,072,990 7,072,990 0.18 2.13 0.30 2.42 0.19 8.06 0.21 8.52 Note 1: The directors’ remuneration includes Base Compensation, Severance Pay and Pensions, Compensation to Directors and Business Execution Expenses. The managerial officer’s compensation includes Salary, Severance Pay and Pensions, Bonuses and Special Expenses etc., and Employees’ Profit Sharing Bonus. Note 2:Relevant information during 2018 and 2019 were prepared in accordance with International Financial Reporting Standards which are endorsed by Financial Supervisory Commission. The Company’ s compensation for Directors and Executive officer’s is based on UMC’s Articles of Incorporation and formulations, and is distributed in proper ratios. The Standards and Policies, and Portfolios for Payment of Emoluments, Procedures for Setting Emoluments, and Correlations with Business Performance and Future Risks. Policy for Directors’ (Including Independent Directors’) UMC shall assess the performance of directors and officers Compensation according to the Rules for Performance Assessment of Pursuant to UMC’s Articles of Incorporation, Article 21-1, the Board of Directors and the Performance Appraisal for the Company shall allocate no more than 0.1% of profit as employees of UMC, in order to decide their compensation. directors’ (including Independent Directors’) compensation An adequate compensation scheme will be calculated for each profitable fiscal year after offsetting any cumulative by referencing the Company’s operation results, future losses. Directors (including Independent Directors) may only risks, corporate strategies, industry trends, and also receive compensation in cash. In accordance with Article individual contribution. The performance assessment 17, remunerations for all directors (including Independent and compensation proposals were reviewed and approved Directors) shall be decided by the Board of Directors authorized by Nominating Committee, Remuneration Committee by a meeting of shareholders according to involvements and and Board of Directors. The Company will review the contributions to the Companies’ operation and at the normal remuneration policy foresaid based on macroeconomics rate adopted by other firms of the same industry. and business strategies to achieve both corporate sustainability and the interests of stakeholders. Policy for Management Team’s Compensation The Company annually evaluates its salary level with similar industries to ensure the Company’s salary is competitive. The Company’s salary structure can be divided into fixed and variable. The compensation is set to fully reflect the achievements for individuals and teams. 36 United Microelectronics Corporation | Annual Report 2019 37 Corporate Governance Report United Microelectronics Corporation | Annual Report 2019 Corporate Governance Practices Information of Board Meeting Operation Board Meetings were held 6 times in 2019; all independent directors attended each meeting in person; the average attendance rate of all directors was 100%; the attendances of directors were as follows: Title Name Chairman Stan Hung Independent Director Independent Director Independent Director Independent Director Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Director Chung Laung Liu Director Ting-Yu Lin Director Hsun Chieh Investment Co., Ltd. Representative: SC Chien Director Silicon Integrated Systems Corp. Representative: Jason Wang Other mentionable items: Attendance in Person By Proxy Attendance Rate (%) Remarks 6 6 6 6 6 6 6 6 6 0 0 0 0 0 0 0 0 0 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1. If any of the following circumstances occur, the dates of the meetings, sessions, contents of motion, all independent directors’ opinions and the company’s response should be specified: (1) Matters referred to in Article 14-3 of the Securities and Exchange Act: The Company has established an Audit Committee, and Article 14-3 of the Securities and Exchange Act is not applicable to the Company. Please refer to Page 41-43 of the Annual Report for related information of the operation status of the Audit Committee. (2) Other matters involving objections or expressed reservations by independent directors that were recorded or stated in writing that require a resolution by the board of directors: None. 2. If there are directors’ avoidance of motions in conflict of interest, the directors’ names, contents of motion, causes for avoidance and voting should be specified: (1) Proposals for retroactive recognition of UMC’s disposal of Machinery and Equipment to United Semiconductor (XIAMEN) Co., Ltd. and UMC's Singapore branch to lend funds to United Semiconductor (XIAMEN) Co., Ltd. on March 6, 2019: Director SC Chien was in conflict of interest and avoided the discussion and vote of the proposal since he also served concurrently as the Director of United Semiconductor (XIAMEN) Co., Ltd. The proposal was approved without dissent by all other Directors in attendance. (2) Proposal for UMC’s donation to UMC Science and Culture Foundation on March 6, 2019: Chairman Stan Hung and Director SC Chien were in conflict of interest and avoided the discussion and vote of the proposal since Chairman Stan Hung and Director SC Chien also served concurrently as the Directors of UMC Science and Culture Foundation. The proposal was approved without dissent by all other Directors in attendance. (3) Proposal for approving the distributable compensation for managerial officers on March 6, 2019, June 19, 2019 and December 18, 2019: Directors who also served concurrently as the Company’s managerial officers were in conflict of interest and avoided the discussion and vote of the proposal. The proposal was approved without dissent by all other Directors in attendance. (4) Proposal for approving to adjust the attendance fee of the Audit Committee on December 18, 2019: Directors who also attended the Audit Committee were in conflict of interest and avoided the discussion and vote of the proposal. The proposal was approved without dissent by all other Directors in attendance. 3838 Corporate Governance Report 3. For the information of evaluation cycles, periods, scope, method and content of self-evaluation of the Board of Directors, please refer to the execution status of the self-evaluation of the Board of Directors. 4. Measures taken to strengthen the functionality of the board: To implement corporate governance and enhance the Nomination and Election of the Board, the Company designated a Company Secretary in 2019, and “Policy for Nomination and Election of Directors” and “Skill Matrix of Board Members,” which are references for the composition structure of the Board established by the Nominating Committee. Aside from conducting board performance evaluation every year, the Company also engaged with TAIWAN CORPORATE GOVERNANCE ASSOCIATION to implement performance evaluation of the Board of Directors in 2018, please refer to the Company’s website for the evaluation report: http://www.umc.com/English/investors/Corp_Gov.asp Note : Attendance rate is calculated by using the number of meetings each board member actually attends and the total number of board meetings held within his or her service period. 39 Execution Status of the Board Evaluation Evaluation Cycle Evaluation Period Evaluation Scope Evaluation Method Evaluation Content Annually 2019/1/1~2019/12/31 The Company’s board self-evaluation scope covers the evaluation of the board, functional committees and individual board members. Self-evaluation of the board, its functional committees and individual board members’ performance 1. The self-evaluation of the board of directors includes the following aspects: (1) Participation in the operation of the company; (2) Improvement of the quality of the board of directors’ decision making; (3) Composition and structure of the board of directors; (4) Election and continuing education of the directors; and (5) Internal control. 2. The self-evaluation of the functional committees includes the following aspects: (1) Participation in the operation of the company; (2) Awareness of the duties of the functional committee; (3) Improvement of quality of decisions made by the functional committee; (4) Composition of the functional committee and election of its members; and (5) Internal control. 3. The self-evaluation of board members includes the following aspects: (1) Familiarity with the goals and missions of the company; (2) Awareness of the duties of a director; (3) Participation in the operation of the company; (4) Management of internal relationships and communication; (5) The director’s professionalism and continuing education; and (6) Internal control. 40 United Microelectronics Corporation | Annual Report 2019 Operation of the Audit Committee The Audit Committee assists the Board of Directors in performing its supervision functions. It is also responsible for tasks defined by the Company Act, Securities and Exchange The Audit Committee is responsible for periodic review of the following important annual matters: • Financial statements Act and other relevant regulations. Since UMC is listed on • Internal control system the NYSE, it also has to comply with the U.S. regulations • Material transactions of assets, derivatives, loans, regarding foreign issuers. The Audit Committee is comprised endorsements, guarantees of all independent directors, with 2 financial experts and • Audit plans of internal and external auditors and their operating according to the Audit Committee Charter (please execution status refer to the Company’s website at http://www.umc.com/ • Engaging and removing the Company’s independent English/pdf/Audit_Committee_Charter_Eng.pdf). auditors and accessing such auditors’ remuneration and According to the relevant regulations, the Audit Committee independence shall convene at least four regular meetings per year. In 2019 • Risks and control procedures of compliance with a total of five meetings were convened; it shall also maintain government law good communication channels with the Company’s internal • Execution of documentation that involves government auditors, independent auditors, and management. agencies • Implementation of Whistleblower Program and Code of Conduct Information of Audit Committee Operation There were five Audit Committee meetings in 2019, and the attendance status is shown in the following table: Title Name Attendance Proxy Attendance Actual Attendance Rate (%) Note Independent Director Independent Director Independent Director Independent Director Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu 5 5 5 5 0 0 0 0 100.00 Audit Committee convener 100.00 100.00 100.00 41 Corporate Governance Report Operation of the Audit Committee (Continue) Other Matters to Be Recorded: 1. If the Audit Committee operates in any of the following circumstances, the date and session of the Board meeting, the content of motion, the resolution of Audit Committee, and the company’s response to the opinion of the Audit Committee should be specified: (1) Items listed in Article 14-5 of Securities and Exchange Act Date/Session of Board Meeting Content of Motion Resolution of the Audit Committee March 6, 2019, the 7th meeting of the 14 th session 1. Approved the 2018 Consolidated Financial Statements (including Parent Company only Financial Statements). 2. Approved the 2018 Statement of Internal Control System. 3. Approved the content of appointed service and fee for the Approved by all members present in the meeting. independent auditor appointed in 2019. 4. Approved the Company’s donation to UMC Science and Culture Foundation. 5. Approved amendment of the UMC Acquisition or Disposal of Assets Procedure. 6. Approved amendment of the UMC Financial Derivatives Transaction Procedure. 7. Approved for UMC’s Singapore branch to lend funds to United Semiconductor (Xiamen) Co., Ltd. 8. Approved termination of the issuance plan for private placement, which was approved at the 2018 Annual General Meeting. Company’s Response to the Opinion of the Audit Committee Approved by directors participating in the discussion and voting in the board meeting. April 24, 2019, the 8th meeting of the 14th session 1. Approved the Q1 2019 Consolidated Financial Statements. 2. Approved amendment of the UMC Loan Procedure. 3. Approved amendment of the UMC Endorsements and Guarantees Procedure. July 24, 2019, the 10th meeting of the 14th session 1. Approved the Q2 2019 Consolidated Financial Statements. 2. Approved to decrease the endorsement and guarantee of the syndication loan for United Semiconductor (Xiamen) Co., Ltd. Approved by all members present in the meeting. Approved by all members present in the meeting. Approved by directors participating in the discussion and voting in the board meeting. Approved by directors participating in the discussion and voting in the board meeting. 42 United Microelectronics Corporation | Annual Report 2019 Operation of the Audit Committee (Continue) Date/Session of Board Meeting Content of Motion Resolution of the Audit Committee Company’s Response to the Opinion of the Audit Committee October 30, 2019, the 11th meeting of the 14th session 1. Approved the Q3 2019 Consolidated Financial Statements. December 18, 2019, the 12th meeting of the 14th session 1. Approved the revision of the internal control system and internal audit implementation rules. 2. Approved to decrease the endorsement and guarantee of the syndication loan for United Semiconductor (Xiamen) Co., Ltd. 3. Approved the content of appointed service and fee of independent auditor appointed. Approved by all members present in the meeting. Approved by all members present in the meeting. February 26, 2020, the 13th meeting of the 14th session 1. Approved the 2019 Consolidated Financial Statements (including Parent Company only Financial Statements). 2. Approved the 2019 Statement of Internal Control System. 3. Approved for UMC’s Singapore branch to lend funds to Approved by all members present in the meeting. United Semiconductor (Xiamen) Co., Ltd. 4. Approved issuing restricted stock awards for employees. 5. Approved the content of appointed service and fee for the independent auditor appointed in 2020. 6. Approved the Company’s donation to UMC Science and Culture Foundation. Approved by directors participating in the discussion and voting in the board meeting. Approved by directors participating in the discussion and voting in the board meeting. Approved by directors participating in the discussion and voting in the board meeting. (2) There were no other resolutions that were not approved by the Audit Committee but were approved by two thirds or more of all directors in 2019. 2. Implementation of avoidance of independent director with respect to motion of stake: there was no such situation in the Audit Committee in 2019. 3. The communication channels between the independent directors, internal auditors, and independent auditors: (1) The Company’s Audit Division sends the audit reports and follow-up reports on deficiencies to independent directors monthly. Besides these measures, the Internal Audit head presents the findings of all audit reports and communicates follow-up reports with independent directors during the Audit Committee’s quarterly meetings. (2) Each quarter, the Company’s independent auditors present the findings of their review or audit reports regarding the financial results and internal control of the Company and its subsidiaries. The independent auditors are also required to communicate to the Audit Committee the impact of IFRSs updates and announcements, any issues under applicable laws and regulations that might affect the financial reports, as well as whether to adjust the entries. (3) The Internal Audit head, the independent auditors and independent directors can contact each other as needed. The communication channels are seamless. For the communication between independent directors, internal audit head, and independent auditors, please refer to the Company’s website: http://www.umc.com/English/investors/audit_committee/2019_communication.asp 43 Corporate Governance Report Corporate Governance Implementation Status and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” Evaluation Item 1. Does the company establish and disclose the Corporate Governance Best-Practice Principles based on “Corporate Governance Practice Principles for TWSE/TPEx Listed Companies?” Yes No 2. Shareholding Structure & Shareholders’ Rights (1) Does the company establish an internal operating procedure to deal with shareholders’ suggestions, doubts, disputes and litigations, and implement based on the procedure? (2) Does the company possess the list of its major shareholders as well as the ultimate owners of those shares? (3) Does the company establish and execute the risk management and firewall system within its conglomerate structure? (4) Does the company establish internal rules against insiders trading with undisclosed information? 3. Composition and Responsibilities of the Board of Directors (1) Does the Board develop and implement a diversified policy for the composition of its members? (2) Does the company voluntarily establish other functional committees in addition to the Remuneration Committee and the Audit Committee? 44 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons The UMC Corporate Governance Practice Principles is posted on the Corporate Governance section of UMC’s website for stakeholders to download. Please refer to: http://www.umc.com/English/pdf/ UMC_Corporate_Governance_Practice_Principles_20191030_eng.pdf None UMC has designated a specific contact window (ir@umc.com) and included a Investor Relations section on the Stakeholder Contacts of the Company’s website to deal with shareholders’ suggestions, doubts, disputes and litigation. Please refer to the Company’s website for stakeholders’ contact: http://www.umc.com/English/CSR/c_2.asp UMC deals with shareholders’ suggestions, doubts, disputes and litigation based on “the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.” UMC does not establish an internal operating procedure. UMC possesses the list of its major shareholders as well as the ultimate owners of those shares. None UMC has established relevant control mechanisms within its internal regulations and internal control systems in accordance with laws and regulations (including “Rules for Regulating Related Party Transactions”). None UMC has formulated the Provisions on Insider Trading Prevention Policies and Control Procedures and is committed to advocating policies against insider trading. None UMC has established the Policy for Nomination and Election of Directors that takes into account the Company’s organizational culture, business model and long-term development, and has also established criteria to ensure the diversity of the Board members. The UMC Board of Directors comprises of 9 members from different professional backgrounds, and is responsible for company operation and supervision. The diverse academic and industrial experiences of the Board members are an asset to corporate decision-making and long-term strategic planning. Currently, the Board has 4 seats for independent directors and 2 for outside directors, while 3 serve as administrative directors. Two thirds of the director seats are filled by members of outside companies. There is 1 female director seat, and based on our policy of gender equality, UMC will increase the seats of female directors progressively. The Board of UMC is composed of members with diversified backgrounds of industry, government and academia; board members' experiences include the president of a national university, academician of Academia Sinica, the Minister of Science and Technology, president of ITRI, financial experts of finance, accounting and strategy management fields, and professionals from semiconductor and ICT businesses. The directors are qualified on the basic criteria, and professionalism requirements can also contribute to supervising and governing the issues on corporate governance, environmental sustainability, corporate social responsibility, legal compliance and human rights protection through the sub-committees. Please refer to UMC’s Policy for Nomination and Election of Directors for UMC Board diversification criteria, the Directors’ Information and the Skill Matrix of Board members for implementation of Board diversification on the Company’s website: http://www.umc.com/English/investors/Corp_Gov.asp To meet the needs of industrial characteristics and operations, UMC has established the Capital Budget Committee. The Committee currently comprises of four independent directors and two external directors responsible for assisting UMC with its long-term development strategy, financial planning and business performance. For the sustainable development of UMC and assisting the Board with enhancing its management mechanism and improving corporate governance, UMC established the Nominating Committee. The Committee comprises of all independent directors who are responsible for searching and reviewing the candidate list of the directors and executives accordingly, executing the performance assessment of the directors and executives, and supervision of corporate governance. For information on the Capital Budget Committee and the Nominating Committee, please refer to the UMC’s website at http://www.umc.com/English/investors/Corp_Gov. asp None None 45 Corporate Governance Report Corporate Governance Implementation Status and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item (3) Does the company establish a standard to measure the performance of the Board, and implement it annually? Are the implemented results reported to the Board, and used as a reference for individual directors’ compensation and nomination renewal? Yes No (4) Does the company regularly evaluate the independence of CPAs? 46 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons UMC has formulated Rules for Performance Evaluation of the Board of Directors and implemented it accordingly. A. The Company conducted annual self-evaluation of the BOD, its functional committees and None individual board members’ performance. In 2019, the Nominating Committee conducted the self-evaluation of the Board of Directors, functional committees and individual board members and reported the result to the Nominating Committee and Board of Directors on February 26, 2020. The performance result was "Excellent". B. The performance of the Board is also implemented by an external independent professional institution or a panel of external experts and scholars at least once every three years. The Company engaged with an external assessment institution to implement performance evaluation of the Board of Directors in 2018. Please refer to the Company’s website for “The Rules for Performance Evaluation of the Board of Directors”: http://www.umc.com/English/ pdf/The_Rules_for_Performance_Evaluation_of_the_Board_of_Directors_eng.pdf. The Company’s Directors’ Compensation is regulated in the Company’s Articles of Incorporation. The Company shall allocate no more than 0.1% of profit as directors’ compensation for each profitable fiscal year, so Directors’ Compensation is linked to the performance of the Company’s operation and the Board. According to the Policy for Nomination and Election of Directors, performance assessment of the board is used as a reference for nomination and election of Directors. UMC’s Audit Committee regularly evaluates the internal quality control procedures and independence of independent auditors, and reports to the Board of Directors for approval: A. Auditor Independence Declaration. B. Alll audit and non-audit services provided by independent auditors are first reviewed by the Audit Committee to ensure that non-audit services do not influence audit outcome. C. The same independent auditor has not performed audit services for more than five consecutive None years. D. UMC evaluates the independence and competence of the external auditor annually, including the size and reputation of the accounting firm, the nature and extent of providing non-audit services, peer review, quality of audit services, whether there are any legal proceedings, etc. 47 Corporate Governance Report Corporate Governance Implementation Status and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item Yes No 4. Does the company have an adequate number of corporate governance personnel with appropriate qualifications and appoint a chief corporate governance officer to be in charge of corporate governance limited to providing information for directors and supervisors to perform their affairs (including but not relating to board laws, producing minutes of board meetings and functions, assisting directors and supervisors with legal compliance, handling matters shareholders meetings according meetings and to shareholders meetings)? 5. Does the company establish a communication channel and build a designated section on its website for limited to shareholders, employees, customers, and suppliers), as well as stakeholders (including but not handle all the issues they care for in terms of corporate social responsibilities? 48 United Microelectronics Corporation | Annual Report 2019 Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons None Implementation Status Abstract Explanation UMC has established the Nominating Committee to strengthen the functions of the Board of Directors, ensure shareholders’ rights, and supervise relevant departments in the formulation of corporate governance rules and systems. The appointment of the Chief Corporate Governance Officer was approved by the Nominating Committee and Board of Directors on March 6, 2019. The Chief Corporate Governance Officer is the CFO who has been in a managerial position for at least three years in a public company in handling financial and stock affairs. The Chief Corporate Governance Officer had already completed 15 hours of training in 2019, and will complete professional training in accordance with laws and regulations. The key task of the Chief Corporate Governance Officer is supervising finance division’s convening of Board meetings and shareholders meetings, producing meeting agendas, minutes and information disclosures, providing business information required by the directors, assisting the directors with legal compliance, and assisting the directors with their responsibilities and in-service training. In addition, every year the Chief Corporate Governance Officer communicates with the independent directors on corporate governance-related affairs on a regular basis. The following are the 2019 Corporate Governance tasks, and a report has been submitted to the Nominating Committee and Board of Directors: 1. Ensure that Board members are promptly informed of key company information, and immediately notified after the company has issued a press release. 2. Institute a Nominating Committee under the Board of Directors to supervise corporate governance plans and implementation by UMC and its subsidiaries. Regularly report UMC’s key operational and governance issues or legal amendments to the Board. 3. Arrange the required number of hours of in-service education for members of the Board, evaluate and purchase appropriate Directors’ and Officers’ Liability Insurance and report its contents to the Board of Directors. 4. Convene communication meetings on an as needed basis for independent directors, independent auditors and the head of auditing, finance and accounting to implement internal control. 5. Notify Board of Directors members of the agenda seven days before Board meetings, convene meetings and provide meeting materials. Avoid presence during discussion and voting where a motion presents a conflict of interest. Complete and submit minutes of the Board of Directors meeting to each Board member within 20 days after the meeting. 6. To fulfill corporate governance, evaluate the performance of the Board of Directors, functional committees and individual board members according to the Rules for Performance Evaluation of the Board of Directors, and accept external evaluation at least once every three years. 7. Conduct investor briefings on quarterly business performance, participate in periodic investment forums, designate specialists to service shareholders and establish multi communication channels for investors. 8. Schedule shareholders’ meeting in accordance with the law, complete and post meeting notifications, issue the meeting handbook and minutes within the legally mandated time frame, record changes such as Articles of Incorporation of UMC or Board re-election within the legally mandated time frame. UMC’s Corporate Sustainability Committee is responsible for stakeholders and identifying issues across the Company. The Committee is also responsible for establishing consultation and communication channels with stakeholders in accordance with internal operational mechanisms, designating specialists to receive, record and respond to messages and input from various stakeholders. The Corporate Sustainability Committee conducts annual review of key corporate social responsibility issues and contingency plans to determine appropriate responses and publicly disclose relevant stakeholder communication information through the annual Corporate Social Responsibility Report and UMC’s website, and at the same time reports key stakeholder concerns and countermeasures at Board meetings. None 49 Corporate Governance Report Corporate Governance Implementation Status and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item 6. Does the company appoint a professional shareholder service agency to deal with shareholder affairs? 7. Information Disclosure (1) Does the company have a corporate website to disclose both financial standings and the status of corporate governance? Yes No (2) Does the company have other appointing designated people to handle system, webcasting investor conferences)? information disclosure channels (e.g. building an English website, information collection and disclosure, creating a spokesman (3) Does the company announce the annual financial report within 2 months after the end of the fiscal year, and announce the Q1, Q2, Q3 financial reports and monthly operation status before the deadlines? 8 Is there any other important information to facilitate a better understanding of the company’s corporate investor limited governance practices records, the implementation of (e.g., relations, relations, supplier implementation of risk management policies and customer relations policies, and purchasing insurance for directors and supervisors)? to employee stakeholders, directors’ and rights, employee wellness, supervisors’ risk evaluation measures, including but not rights of training the 9. Please explain the improvements which have been made in accordance with the results of the Corporate Governance Evaluation System released by the Corporate Governance Center, Taiwan Stock Exchange, and provide the priority enhancement measures. 50 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons UMC has appointed Horizon Securities Co., Ltd., a professional shareholder service agency, to deal with shareholder affairs. None The Company has built a corporate website and exclusive webpage to publish up-to-date information for both financial standings and the status of corporate governance at all times for investors’ reference. Please refer to the Company’s website for related information: http://www.umc.com/English/investors/ index.asp The Company has built Chinese and English websites and appointed a designated person to handle information collection and disclosure, including the information of investor conferences. The Company also has designated a spokesperson, acting spokesperson(s), and a specific contact window (ir@umc. com) to deal with shareholders’ suggestions as per regulation. Please refer to the Company’s website for related information: http://www.umc.com None None The Company announces its monthly operation status within the prescribed deadlines and announces the annual and the quarterly financial reports before the deadlines. The Company’s announcement of the 2019 annual financial report was completed on February 26, 2020. None (1) Continuing Education/Training of Directors: To strengthen the competency of the Board, UMC informs its directors periodically of professional courses held by relevant organizations. For None Continuing Education/Training of Director, please refer to pages 52-54 of this annual report. (2) Board meeting attendance: Please refer to Page 38-43 on Board of Directors Operations and Audit Committee Operations, and Page 62 on Remuneration Committee Operations in this annual report. (3) Risk management policies and risk measurement standards implementation: Please refer to Risk Matters in this annual report. (4) Customer policy implementation: Please refer to Page 127 on Market, Production and Sales Overview in this annual report and the Corporate Social Responsibility Report on the UMC website at http://www.umc.com/English /CSR/b.asp. (5) Employee Rights, Employment Care, Investor Relations, Supplier Relationships and Stakeholders Rights Implementation: Please refer to the Corporate Social Responsibility Report on the UMC website at http://www.umc.com/English/CSR/b.asp, and the Stakeholder Engagement - communication of stakeholders at http://www.umc.com/English/CSR/c_2_2.asp (6) The status of liability insurance for directors and supervisors purchased by the Company: UMC has purchased liability insurance for directors since 2000. The renewal of liability insurance for directors was completed in 2019 and was reported during the last Board Meeting. (7) UMC website for corporate governance policies and implementation: http://www.umc.com/English/ investors/Corp_Gov.asp. UMC was in the top 5% of rankings in “Corporate Governance Evaluation” for five consecutive years since 2015. To implement corporate governance and enhance the Company’s board functions, the Company designated Company Secretary in 2019, and “Policy for Nomination and Election of Directors” and “Skill Matrix of Board Members” which are references for composition structure of the Board are established by the Nominating Committee. 51 Corporate Governance Report Continuing Education/Training of Directors in 2019: Title Name Study Period Sponsoring Organization Course From To Training Hours Compliance with Regulations (Note) Chairman Stan Hung 2019.07.23 2019.07.23 2019.10.29 2019.10.29 Independent Director Cheng-Li Huang 2019.07.31 2019.07.31 TAIWAN CORPORATE GOVERNANCE ASSOCIATION TAIWAN CORPORATE GOVERNANCE ASSOCIATION SECURITIES & FUTURES INSTITUTE 2019.10.04 2019.10.04 2 0 1 9.1 1 . 2 1 2 0 1 9.1 1 . 2 1 TAIWAN STOCK EXCHANGE CORPORATION TAIWAN STOCK EXCHANGE CORPORATION 20 19.12 .13 20 19.12 .13 SECURITIES & FUTURES INSTITUTE Global Trends for Sustainable Development of Corporate Social Responsibility & Adaptive Planning of Management International Anti-Tax Avoidance Development The Compliance of Insider Equity Trading Regulations of Listed Companies Advocacy Meeting in 2019 ESG Investment Forum 2019 Board Functions Enhancement Seminars The Hedging Practice of Derivatives of Listed Companies Seminar in 2019 2019.12 .18 2019.12 .18 TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trends for Technology Risk & the Governance of Information Security Independent Director Wenyi Chu 2019.04.26 2019.04.26 SECURITIES & FUTURES INSTITUTE Insider Trading Prevention Advocacy Meeting in 2019 2019.05.07 2019.05.07 2019.11.06 2019.11.06 20 19.12 .1 8 20 19.12 .1 8 Independent Director Lih J. Chen 20 19.11 . 2 7 20 19.11 . 2 7 TAIWAN STOCK EXCHANGE CORPORATION TAIWAN STOCK EXCHANGE CORPORATION ESG Investment Forum 2019 Board Functions Enhancement Seminars TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trends for Technology Risk & the Governance of Information Security TAIWAN CORPORATE GOVERNANCE ASSOCIATION 15th International Corporate Governance Forum 20 19.12 .1 8 20 19.12 .1 8 TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trends for Technology Risk & the Governance of Information Security 3 3 3 2 3 3 3 3 3 3 3 3 3 Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes 52 United Microelectronics Corporation | Annual Report 2019 Continuing Education/Training of Directors in 2019: Title Name Study Period From To Sponsoring Organization Course Training Hours Compliance with Regulations (Note) Independent Director Jyuo-Min Shyu 2019.03.26 2019.03.26 TAIWAN CORPORATE GOVERNANCE ASSOCIATION 2019.05.03 2019.05.03 SECURITIES & FUTURES INSTITUTE The New Regulation of Cayman & BVI Government Legislation about Economic Substance Activities Insider Trading Prevention Advocacy Meeting in 2019 20 19. 0 5 .15 20 19. 0 5 .15 2019.08.13 2019.08.13 2 0 1 9 . 1 1 . 1 2 2 0 1 9 . 1 1 . 1 2 2 0 1 9 . 1 1 . 2 1 2 0 1 9 . 1 1 . 2 1 20 19.12 .1 8 20 19.12 .1 8 Director Chung Laung Liu 2019.08.02 2019.08.02 2019.09.03 2019.09.03 TAIWAN CORPORATE GOVERNANCE ASSOCIATION TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Impact of Statute for Industrial Innovation Drafts to Corporate’s Tax Planning in the Future Internet Security & Emergency Response TAIWAN CORPORATE GOVERNANCE ASSOCIATION Introduction of Corporate Governance Evaluation TAIWAN STOCK EXCHANGE CORPORATION TAIWAN CORPORATE GOVERNANCE ASSOCIATION TAIWAN CORPORATE GOVERNANCE ASSOCIATION SECURITIES & FUTURES INSTITUTE 2019 Board Functions Enhancement Seminars The Trends for Technology Risk & the Governance of Information Security Digital Transformation and Cloud Computing Directors & Supervisors’ Principles of Performing Duties of Business Judgment The Discussion of International and Taiwan’s Anti-Tax Avoidance Development & Enterprise Response The Trends for Technology Risk & the Governance of Information Security 2019.09.03 2019.09.03 SECURITIES & FUTURES INSTITUTE 2 0 1 9.12 .1 8 2 0 1 9.12 .1 8 TAIWAN CORPORATE GOVERNANCE ASSOCIATION 1.5 Yes 3 Yes 1.5 Yes 1.5 1.5 3 3 3 3 3 3 Yes Yes Yes Yes Yes Yes Yes Yes 53 Corporate Governance Report Continuing Education/Training of Directors in 2019: Title Name Study Period From To Sponsoring Organization Course Training Hours Compliance with Regulations (Note) Director Ting-Yu Lin 2 0 1 9. 0 7.1 7 2 0 1 9. 0 7.1 7 SECURITIES & FUTURES INSTITUTE 2019.12.18 2019.12.18 Representative of Juristic-Person Director SC Chien 2019.05.03 2019.05.03 TAIWAN CORPORATE GOVERNANCE ASSOCIATION SECURITIES & FUTURES INSTITUTE 2019.08.02 2019.08.02 SECURITIES & FUTURES INSTITUTE 2 0 1 9.1 2 .1 8 20 19.12 .1 8 TAIWAN CORPORATE GOVERNANCE ASSOCIATION Representative of Juristic-Person Director Jason Wang 2 0 1 9. 0 7. 3 1 20 1 9. 0 7. 31 SECURITIES & FUTURES INSTITUTE The Compliance of Insider Equity Trading Regulations of Listed Companies Advocacy Meeting in 2019 The Trends for Technology Risk & the Governance of Information Security Insider Trading Prevention Advocacy Meeting in 2019 The Compliance of Insider Equity Trading Regulations of Listed Companies Advocacy Meeting in 2019 The Trends for Technology Risk & the Governance of Information Security The Compliance of Insider Equity Trading Regulations of Listed Companies Advocacy Meeting in 2019 2019.1 0. 29 2019.10.29 2 0 1 9.1 2 .1 8 2 0 1 9.1 2 .1 8 TAIWAN CORPORATE GOVERNANCE ASSOCIATION International Anti-Tax Avoidance Development TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trends for Technology Risk & the Governance of Information Security 3 3 3 3 3 3 3 3 Yes Yes Yes Yes Yes Yes Yes Yes Note: Regulations are Applicable Subjects, Continuing Education Hours, Continuing Education Scope, Continuing Education System and Continuing Education Arrangements and Information Disclosure specified in “Directions for the Implementation of Continuing Education for Directors and Supervisors of TWSE Listed and TPEx Listed Companies.” 54 United Microelectronics Corporation | Annual Report 2019 Continuing Education/Training of Managers in 2019: Title Name Course Date Organizer Course Title Course Hours Vice President M C Lai Vice President G C Hung Vice President Wenchi Ting Vice President Jerry CJ Hu Vice President SR Sheu Vice President Francia Hsu Vice President & Chief Human Resources Officer Associate Vice President Associate Vice President Associate Vice President Senior Vice President & Chief Financial Officer Eric Chen 2019.01.18 UNITED MICROELECTRONICS CORP. The Impact of the Sino-US Trade War on Taiwan-funded Enterprises and the Countermeasures Victor Chuang Le Tien Jung Mindy Lin Chitung Liu 2019.03.25 ACCOUNTING RESEARCH AND DEVELOPMENT FOUNDATION Consolidated Financial Statement Preparation Practice Workshop Vice President TS Wu Vice President Wenchi Ting Vice President SR Sheu Eric Chen 2019.04.12 Victor Chuang Mindy Lin Chitung Liu 2019.05.16 Chitung Liu 2019.05.17 Vice President & Chief Human Resources Officer Associate Vice President Associate Vice President Senior Vice President & Chief Financial Officer Senior Vice President & Chief Financial Officer UNITED MICROELECTRONICS CORP. 【2019 Master Forum】Strategy of Talent and Organizational Capability ACCOUNTING RESEARCH AND DEVELOPMENT FOUNDATION ACCOUNTING RESEARCH AND DEVELOPMENT FOUNDATION The Practices of Corporate Governance: The Latest Amendments to the “Company Act” and Corporate Correspondence Analysis of Illegal Cases of Corporate “Securities Fraud” and Related Legal Liabilities 2 6 2 3 3 55 Corporate Governance Report Continuing Education/Training of Managers in 2019: Title Name Course Date Organizer Course Title Course Hours 2019.05.27 2019.05.30 2019.06.05 UNITED MICROELECTRONICS CORP. 【Legal Course】 Introduction of Trade Secrets Act 2 President President Executive Vice President Senior Vice President & Chief Financial Officer Senior Vice President & General Counsel SC Chien Jason Wang Ming Hsu Chitung Liu Lucas S Chang Vice President TS Wu Vice President Vice President C C Hsu M C Lai Vice President G C Hung Vice President Wenchi Ting Vice President Jerry CJ Hu Vice President Y S Sheng Vice President Steven S Liu Vice President Vice President SR Sheu M L Liao Vice President S S Hong Vice President Francia Hsu Vice President & Chief Human Resources Officer Eric Chen Victor Chuang Chuck Chen S F Tzou Le Tien Jung Yau Kae Sheu J Y Wu Osbert Cheng Steven Hsu Yanan Mou Remi Yu Ji Fu Kung C P Yen Mindy Lin Pang Min Wang 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 Associate Vice President Associate Vice President Associate Vice President 56 United Microelectronics Corporation | Annual Report 2019 Continuing Education/Training of Managers in 2019: Title Name Course Date Organizer Course Title Course Hours 2019.06.1 1 2019.06.25 UNITED MICROELECTRONICS CORP. 【Executive Program】Innovation, Value Creation and Sustainable Development Vice President TS Wu Vice President G C Hung Vice President Wenchi Ting Vice President Jerry CJ Hu Vice President Francia Hsu Vice President & Chief Human Resources Officer Eric Chen Victor Chuang Chuck Chen S F Tzou Osbert Cheng Mindy Lin S F Tzou Le Tien Jung 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 Vice President Vice President UNITED MICROELECTRONICS CORP. 【Legal Course】Strengthen the Introduction of the Legal Effect of Violation of Laws Related to Trade Secrets J Y Wu 2019.08.29 Osbert Cheng Steven Hsu TS Wu M C Lai Vice President Jerry CJ Hu Vice President Steven S Liu Associate Vice President Associate Vice President Associate Vice President Chuck Chen Remi Yu Mindy Lin 2019.09.24 2019.1 0 . 1 7 UNITED MICROELECTRONICS CORP. 【Executive Program】Strategic Marketing Analysis 3 1 3 57 Corporate Governance Report Continuing Education/Training of Managers in 2019: Title Name Course Date Organizer Course Title Course Hours 2019.09.26 UNITED MICROELECTRONICS CORP. 【Legal Course】Foreign Corrupt Practices Act 2019.10.24 UNITED MICROELECTRONICS CORP. The Wavelength of 5G (5th Generation Mobile Networks) 1 2 2019.11.07 2019.11.08 UNITED MICROELECTRONICS CORP. Process Analysis for Executives 2 President Vice President Vice President SC Chien TS Wu M C Lai Vice President G C Hung Vice President Wenchi Ting Vice President Jerry CJ Hu Vice President Y S Shen Vice President Vice President SR Sheu M L Liao Vice President S S Hong Vice President Francia Hsu Vice President & Chief Human Resources Officer Eric Chen Associate Vice President Associate Vice President Associate Vice President Vice President Vice President Vice President Victor Chuang Steven Hsu Mindy Lin M C Lai Y S Shen M L Liao Vice President TS Wu Vice President Steven S Liu Vice President Francia Hsu Victor Chuang Chuck Chen Le Tien Jung Yau Kae Sheu J Y Wu Yanan Mou Remi Yu Ji Fu Kung Mindy Lin Pang Min Wang 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 58 United Microelectronics Corporation | Annual Report 2019 Continuing Education/Training of Managers in 2019: Title Name Course Date Organizer Course Title Course Hours 2019.11.28 2019.12.03 UNITED MICROELECTRONICS CORP. Objectives & Key Results “Measure What Matters” Vice President TS Wu Vice President M C Lai Vice President Steven S Liu Vice President SR Sheu 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 Vice President Victor Chuang Chuck Chen S F Tzou J Y Wu Osbert Cheng Steven Hsu C Y Hsu Remi Yu C P Yen Mindy Lin Pang Min Wang TS Wu Vice President G C Hung Vice President Jerry CJ Hu Vice President Steven S Liu Vice President SR Sheu Vice President & Chief Human Resources Officer Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Senior Vice President & Chief Financial Officer 2019.12.10 UNITED MICROELECTRONICS CORP. 【2019 Master Forum】Understanding the Essence of Business from the Financial Statements Eric Chen Victor Chuang Chuck Chen S F Tzou C Y Hsu C P Yen Mindy Lin Chitung Liu 2019.12.18 TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trends for Technology Risk & the Governance of Information Security Note: The implementation of the development plan for senior executives of each department was carried out, and the senior management training program planning will be based on the results in 2019. The senior executive course are as follows: 【2019 Master Forum】A total of two sessions were held, with a total of 115 supervisors participating, and a course satisfaction rating of 90%. 【Executive Program】A total of four sessions were held, with a total of 111 supervisors participating, and a course satisfaction rating of 94%. 2 2 3 59 Corporate Governance Report If the Company Has Adopted Corporate Governance Best-Practice Principles and Related Bylaws, Disclose How These Are to Be Searched UMC’s website has established a “Corporate Governance” section to explain the corporate governance policies and implementation. Investors could inquire about and download Corporate Governance related information from: http://www. umc.com/English/investors/Corp_Gov.asp. For corporate governance implementation status, please refer to pages 38-96 of this annual report. Procedures for Handling Proprietary/Strictly Confidential Information These procedures were established to create an effective system for the handling and disclosure of proprietary/strictly confidential information to prevent inappropriate disclosure, ensure the consistency and accuracy of all information publicly released by the company and provide timely education for all directors, managers and employees to follow. Please refer to the Company’s website for related information: http://www.umc.com/English/pdf/Handling_Proprietary_Strictly_Confidential_Information_eng.pdf. 60 United Microelectronics Corporation | Annual Report 2019 Information on the Members of the Remuneration Committee Status Name/Condition Has at Least 5 years of Work Experience and the Following Professional Qualifications An Instructor or Higher Position in a Private or Public College or University in the Field of Business, Law, Finance, Accounting, or the Business Sector of the Company Independent Director Independent Director Independent Director Independent Director Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Yes Yes Yes Yes A Judge, Prosecutor, Lawyer, CPA or Other Specialist or Technical Professional Who Is Necessary for the Company's Business and Has Been Certified by National Examinations and Licensed by the Competent Authorities Yes Work Experience Necessary for Business Administration, Legal Affairs, Finance, Accounting, or Business Sector of the Company Yes Yes Yes Yes Meet Criteria of Independence (Note) 1 2 3 4 5 6 7 8 9 10 Note Number of Other Public Companies Where the Member Concurrently Serves as a Member in Remuneration Committee 0 0 0 1 Note: For those members who match the condition listed below during and two years before assuming period, “ ( 1)Is not an employee of the Company or its affiliates. ” is marked in the appropriate space. (2)Is not a director or supervisor of the Company or its affiliates (the same does not apply, however, in cases where the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). ( 3)Does not directly or indirectly own more than 1% of the Company’s outstanding shares, nor is one of the top ten non-institutional shareholders of the Company. ( 4)Is not a spouse, relative within the second degree of kinship or lineal relative within the third degree of kinship of managers specified in the column (1) or any person specified in the column (2) and (3). ( 5)Is not a director, supervisor or employee of a legal entity which directly owns more than 5% of the Company’s issued shares or are the top five owners of the Company’s issued shares, nor a director, supervisor or employee of a legal entity which designates a representative to serve as a director or supervisor of the Company in accordance with Article 27, paragraph 1 or 2 of the Company Act (the same does not apply, however, in cases where the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). ( 6)Is not a director, supervisor or employee of other company, and more than half of directors or voting shares of other company are controlled by the same person (the same does not apply, however, in cases where the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). ( 7)Is not a director, supervisor or employee of other company, and Chairman, President or Manager with equivalent position of other company are the same person or spouse (the same does not apply, however, in cases where the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). ( 8)Is not a director, supervisor, or manager of a company which has a business relationship with the Company, nor a shareholder who owns more than 5% of such a company (the same does not apply, however, in cases where a company owns more than 20% but less than 50% of the Company’s issued shares and the person is an independent director of the Company who serves concurrently as an independent director of its parent company, subsidiary, or subsidiary of the same parent company in accordance with the laws of Taiwan or with the laws of the country of the parent company, subsidiary or subsidiary of the same parent company). ( 9)Is not an owner, partner, director, supervisor, manager or spouse of any sole proprietor business, partnership, company or institution which has provided the Company and its affiliates with auditing or services of finance, business consultation and legal affairs for which the accumulated remuneration in the past two years does not exceed NTD 500,000, provided that this restriction does not apply to any member of the compensation committee, public tender offer review committee, or special committee on mergers and acquisitions who exercises powers pursuant to related regulation such as the “Securities and Exchange Act” or the “Business Mergers And Acquisitions Act.” (10)Is not under any condition pursuant to Article 30 of the Company Act. 61 Corporate Governance Report Operation of the Remuneration Committee: The goal of the Remuneration Committee’s operation is to strengthen corporate governance and risk control, and to evaluate and monitor the Company’s remuneration system for its directors and executive officers while considering the provision of incentives to facilitate talent retention. The main functions are to periodically review the policies and regulations for performance appraisal and remuneration of directors and executive officers, and to evaluate and prescribe the remuneration of directors and executive officers. Annual Focus of the Remuneration Committee: • Approval of directors’ remuneration • Manager performance and compensation structure review • Approval of manager’s salary and reward Information of the Remuneration Committee Operation 1. The Company has a Remuneration Committee composed of four members. 2. Term of the current Committee: From June 12, 2018 to June 11, 2021. The Company had convened three Remuneration Committee meetings in 2019 with the following attendance: Title Name Number of Actual Attendance Number of Proxy Attendance Rate of Actual Attendance (%) Note Independent Director Wenyi Chu Independent Director Cheng-Li Huang Independent Director Independent Director Lih J. Chen Jyuo-Min Shyu 3 3 3 3 0 0 0 0 100.00 Remuneration Committee convener 100.00 100.00 100.00 Other Items That Shall Be Recorded: 1. If the Board of Directors chooses not to adopt or revise recommendations proposed by the Remuneration Committee, the date of the Directors’ Meeting, session, contents of proposals, results of meeting resolutions, and the Company’s disposition of opinions provided by the Remuneration Committee shall be described in detail (also, where the salary and compensation approved by the Directors’ Meeting is better than that recommended by the Remuneration Committee, the differences and the reason for the approval shall be described in detail): None. 2. For the decisions made by the Remuneration Committee, if there are members who hold objection or reservation to a resolution and such objection or reservation is on record or raised through a written statement, the date, session, contents of proposals, all members’ opinions, and ways in handling these opinions should be elaborated: None. 3. Major resolutions of the Remuneration Committee in 2019: Date/ Meeting Proposal Resolution March 6, 2019, the 3rd meeting of the 4th session 1. Directors’ 2018 remuneration 2. Review the structure of management team’s compensation and performance evaluation system, and also propose the management team’s compensation Approved by all members present in the meeting. June 19, 2019, the 4th meeting of the 4th session 1. Management team’s 2019 salary review 2. Proposal of the management team’s compensation December 18, 2019, the 5th meeting of the 4th session 1. Proposed adjustment of attendance fees for Audit Committee meetings 2. Proposal of management compensation structure team’s Approved by all members present in the meeting. Approved by all members present in the meeting. Any Independent Director with a Dissenting Opinion or Qualified Opinion Approved by directors participating in the discussion and voting in the board meeting. Approved by directors participating in the discussion and voting in the board meeting. Approved by directors participating in the discussion and voting in the board meeting. 62 United Microelectronics Corporation | Annual Report 2019 Nominating Committee The Nominating Committee, comprised of independent directors, shall assist the Board to enhance the management mechanism and to improve corporate governance with regard to the Company’s sustainable development. The objectives of the Committee includes: 1. To incorporate the nomination policy and succession plans of the directors and the executives and then search for, review and propose the candidate list of the directors and executives accordingly; 2. To construct and develop the operation of the Board and the sub-committees, as well as to plan and execute the performance assessment of the Board, the sub-committees and the executive(s); 3. To enhance the corporate governance system and practices in order to protect the interests of stakeholders. Information of Nominating Committee Operation 1. There are 4 members in the Nominating Committee. 2. The term for elected committee members is 3 years, starting from June 12, 2018 to June 11, 2021. A total of 2 Nominating Committee meetings were held in 2019. The attendance of the committee members was as follows: Title Name Attendance in Person By Proxy Attendance Rate (%) Remarks Convener Lih J. Chen Committee Member Committee Member Committee Member Cheng-Li Huang Wenyi Chu Jyuo-Min Shyu 2 2 2 2 0 0 0 0 100.00 100.00 100.00 100.00 Other mentionable items: 1. If the Board of Directors declines to adopt or modifies a recommendation of the Nominating Committee, it should specify the date of the meeting, session, content of the motion, resolution by the Board of Directors, and the Company’s response to the Nominating Committee’s opinion: None. 2. Resolutions of the Nominating Committee objected to by members or expressed reservations and recorded or declared in writing, the date of the meeting, session, content of the motion, all members’ opinions and the response to members’ opinion should be specified: None. 3. Major resolutions of the Nominating Committee in 2019: Meeting on March 6, 2019 (1) Nominated the Company Secretary of the Company (2) Approved the Company’s Policy for Nomination and Election of Directors (3) Approved the Company’s Skill Matrix of Board Members Meeting on October 30, 2019 (1) Amended the Company’s Corporate Governance Practice Principles (2) Amended the Company’s Rules for Performance Evaluations of the Board of Directors Note: Attendance Rate (%) is based on the committee member’s attendance during her/his term of service. 63 Corporate Governance Report Corporate Social Responsibility and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” Evaluation Item Yes No 1. Does the company identify environmental, social and corporate governance issues related to the company’s operations in accordance with the materiality principle? 2. Does the company establish exclusively (or concurrently) dedicated first-line managers authorized by the board to be in charge of proposing the corporate social responsibility policies and reporting to the board? 64 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Through the Corporate Sustainability Committee, the Company keeps abreast of the development of domestic and foreign corporate social responsibility standards and changes in the corporate environment, reviews and improves the corporate social responsibility system of UMC, and identifies environmental, social and corporate governance issues related to the Company’s operations in accordance with the materiality principle. In addition, the Enterprise Risk Management Committee has also formulated enterprise risk management policies. Through risk management methods and organizations, the committee effectively prevents and controls enterprise risks, comprehensively implements them in daily operations, shapes and deepens the risk culture, and establishes complete and transparent risk communication to maintain steady operations. It also develops response strategies for major risk issues, regularly submits them to the Board of Directors for approval, reviews and updates relevant standard operating procedures to ensure the effectiveness of risk management. For related risk (including environmental, social and corporate governance issues), please refer to the section “Risk Management and Evaluation” of this annual report and UMC Corporate Social Responsibility Report. The Corporate Sustainability Committee is the highest-level corporate sustainability organization within UMC. With the Co-President as Chair, the Committee coordinates UMC’s sustainable development and formulates corporate social responsibility strategies and objectives. The Committee conducts semi-annual reviews to improve performance and goal achievement. The Chair of the Committee reports promotion outcome and plans, and key stakeholders issues and countermeasures to the Board of Directors annually. The Corporate Sustainability Committee comprises of seven sub-committees, namely the Corporate Governance Committee, Customer Relationship Management Committee, Supplier Management Committee, Innovation Technology Committee, Human Rights and Social Participation Committee, Environment Committee and Green Manufacturing Committee. The functions of each sub-committee are briefly described below: • Corporate Governance Committee Helps strengthen the function of the Board and shareholder equity, integrates related regulations and policies of relevant departments, and helps complete and implement the Company’s internal control system to ensure information transparency and disclosure, and compliance with regulations. • Customer Relationship Management Committee Refines customer service and quality control, improves service quality and customer satisfaction, and protects customer interests and relevant trade secrets. • Supplier Management Committee To establish a protective environment and emphasize the obligation to society, labor rights, security and health while pursuing the goal of a continuously evolving supply chain, this sub-committee develops long-term partnerships with vendors for quality, cost leadership, delivery, service/ response, and sustainability. • Innovation Technology Committee Promotes green product research and development and innovations, and leads in cutting-edge green technology. • Human Rights and Social Participation Committee Responsible for protecting the basic rights of employees and promoting communication with outside communities and society. Integrates the UMC Cultural and Educational Foundation, and with focus on education, arts, sports, public service and environmental protection, strives to promote technological research and development cooperation, long-term educational assistance, arts and sports activities and other social welfare events. • Environment Committee Promotes company-wide environmental, safety and health, energy, water and greenhouse gas emission management. Establishes sustainable supply chains and long-term partnerships with suppliers to enhance sustainable competitiveness. • Green Manufacturing Committee Promotes company-wide green processes, such as hazardous materials management and increases in resource productivity. Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons None None 65 Corporate Governance Report Corporate Social Responsibility and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item 3. Environmental Issues Yes No (1) Doest the company establish proper environmental management systems based on the characteristics of their industries? (2) Does the company endeavor to utilize all resources more efficiently and use renewable materials which have low impact on the environment? 66 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons None None To promote its environmental safety and health management system, UMC combines daily management and comprehensive quality management activities, and incorporates environmental safety management plans into actual plant operations to achieve implementation goals. In terms of environmental safety and health risks in its operations, UMC systematically assesses the possible impact of all process activities from raw material use to waste production on the environment and employees. Projects with potentially significant environmental impact are managed and controlled through raw material assessment, substitution and reduction, process pollution source control and reduction, effective treatment of end-of-pipe pollution, and reuse of surplus by-products. Employee safety and health are fundamentally managed through equipment safety, chemical safety and operational safety. To achieve sustainable operations, UMC adopts a clean production and zero disasters approach to environmental protection and safety and health, and sets environmental health and safety management system goals every year. By promoting programs that reduce environmental impact and strengthen safety and health, UMC continuously improves its performance in environmental protection and safety and health management. In 2001, UMC became the first company in Taiwan’s semiconductor industry to pass integrated environmental protection, safety and health management system certifications. Please refer to the Environmental Protection, Safety and Health Management chapters in this annual report for details on greenhouse gas reduction and management, energy conservation management, water conservation management, waste and resource recovery management, and pollution discharge and control. For more detailed descriptions of various energy efficiency measures, please refer to UMC’s Corporate Social Responsibility Report, which is summarized below: • Green building UMC has incorporated energy conservation, carbon reduction and green building into its operational guidelines and goals, and introduced green building certification into all its new fabs. • Green production To achieve the goal of zero pollution, UMC has established a comprehensive new material evaluation process to effectively screen and control new materials introduced into the development of new processes so as to avoid or reduce the use of raw materials with environmental impact. • Green process The semiconductor process uses a wide variety of raw materials and requires high purity and high quality. Through improving process design and technology, UMC reduces raw material consumption, which not only reduces pollution emissions at the source, but also reduces operating costs. UMC has established a comprehensive information database to manage the incoming and requisition of raw materials for processing. In addition, in special projects to promote carbon credit, source reduction is achieved through process optimization, workflow improvement and target management. • Green design As a leader in semiconductor wafer technology, UMC not only ensures that its output wafers meet the low toxicity requirements of customers, but is also committed to reducing the environmental impact of manufacturing and developing numerous high-performance and low- cost chip design processes. • Green products Although UMC does not produce its own brands through its wafer process manufacturing, it continues to develop and incorporate numerous low-toxicity, low-energy green product technoogies to provide customers with the most complete service for meeting the arrival of the green energy era. In 2006, UMC led global semiconductor manufacturers in completing third-party verification and audit of the Hazardous Substance Process Management (HSPM) system, becoming the first semiconductor manufacturer company in the world to obtain QC-080000 IECQ HSPM certification for all its fabs. • Packaging material management The materials used for shipping UMC products are in full compliance with the requirements of the European RoHS (Restriction of the use of certain Hazardous Substances in electrical and electronic equipment). All packaging materials are supplied by raw material suppliers, and are verified by impartial laboratory reports. As much as possible, packaging materials with low environmental impact are used. • Resource recycling and reuse research UMC prioritizes the reuse of recycled output waste, and continuously evaluates and introduces new technologies for reuse. UMC collaborates with qualified recycling vendors in applying for numerous recycling projects, and makes on-site improvements (such as changing liquid waste pipelines and segregated collection) to increase the types of recyclable waste. 67 Corporate Governance Report Corporate Social Responsibility and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item (3) Does the company evaluate the potential risk and oppertunities of climate change on its operations and take actions? Yes No (4) Does the company conduct inspections about greenhouse gas, water consumption, and total weight of waste for last two years, as well as establish company strategies for energy conservation, carbon reduction, management of water consumption, and total weight of waste? 4. Social Issues (1) Does the company formulate appropriate management policies and procedures according to relevant regulations and the International Bill of Human Rights? (2) Does the company declare a reasonable employee welfare measures (including salary remuneration policy, regulations for leaves and others) and integrate the company’s performance with employees’ reward? 68 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation In the face of climate change, UMC has formulated the UMC Climate Change Policy as the Company’s highest guiding principle for responding to climate change. UMC has also formulated the UMC Low Carbon Commitment as a guide for future carbon reduction projects. • Climate Change Policy Expectations to reach carbon neutral To be the low carbon solutions provider To promote the development of a low carbon economy • Low Carbon Commitment Low-carbon design process Energy efficiency optimization Installing high efficiency FCs abatement in new tools Adopting green building standard for new buildings Carbon partnerships with customers and suppliers Complete carbon footprint inventory for all fabs Investing in green technology industry • Greenhouse gas emission reduction goals 1. (2013-2020) Reduce fluorinated greenhouse gas emissions intensity by 36%. Note: With 2010 as base year. 2. (2016-2020) Reduce electricity consumption intensity 10% in five years. Note: With 2015 as base year. In addition to the disclosure of greenhouse gas emissions, potential risks and opportunities of climate change, and related management and responding measures in the Corporate Social Responsibility Report, UMC also disclosed relevant information through involvement in international CDP organization initiatives. From 2016 to 2019, UMC has been awarded “Leadership Level” in the annual evaluation of the CDP Climate Change Program for four consecutive years. The environmental information of UMC in the past five years, such as greenhouse gas emissions, water consumption, and total weight of waste, will be disclosed in the “UMC Corporate Social Responsibility Report” every year, and verified by a third party. UMC has also formulated the environmental protection policy, climate change policy and water resources management policy, and promoted the reduction plans and targets at various stages as a guideline for continuous improvement. UMC supports and respects international initiatives such as the International Labor Office Tripartite Declaration of Principles, the OECD Guidelines for Multinational Enterprises, the UN Universal Declaration of Human Rights, the UN Global Compact, the Responsible Business Alliance (RBA) and other labor and gender equality laws for the workplace, and formulates relevant policies to protect human and labor rights. The UMC Human Rights and Social Participation Committee is responsible for promoting and overseeing human rights polices and specific management plans. For related information, please refer to the UMC website at http://www.umc.com/English/CSR/c_4.asp. UMC conducts and implements a reasonable employee welfare system; please refer to the employee benefits of operations overview in this annual report. The factors that decide the salaries of employees include educational background, work performance and market value. No employee will be discriminated against because of their gender, race, religious beliefs, political stance or marital status. UMC complies with local statutory regulations and systems related to leave, minimum wage, and pension and other mandatory benefits to safeguard the rights of our employees. In order to achieve personal, departmental and company performance goals as well as understand the job performance of employees, UMC conducts a performance evaluation of all employees every year. The information obtained can be used as a reference during employee promotions, training and when distributing compensation. Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons None None None None 69 Corporate Governance Report Corporate Social Responsibility and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item (3) Does the company provide a healthy and safe working environment and organize training on health and safety for its employees on a regular basis? Yes No 70 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons UMC has three categories of safety and health education based on job characteristics: • Company-wide safety and health education. • Plant safety and health education organized by each fab. • Safety and health related training formulated by each division according to divisional None characteristics. Employee contingency response and safety awareness are cultivated and their cognitive competence strengthened through continuous training and education to reduce accidents caused by unsafe conduct. UMC’s contingency response, legally required certifications, safety and health management system maintenance, special operation safety protection and supervisory staff are included in the Company’s annual training plans. In addition to planned training courses, other education and training are conducted as appropriate according to specific incident or major failure. In 2019, the「Awareness of hazardous chemicals」Course was held. To date, 2,099 classes have been offered, attracting a total of 82,225 participants. The courses include e-learning courses so that employees can learn safety and health knowledge without being limited by the schedule of physical courses. In the spirit of Benefit from Society, Give Back to Society, UMC actively promotes healthy workplace-related activities. In 2019, UMC promoted a healthy workplace lifestyle themed “My UMC Health Diary" 1. The themed health promoting activities attracted 64,055 participants, and overall satisfaction rate was 95%. Specifically, Q1 My Stress Relief Diary - Stress Relief for Well-Being. lucky draws, Courses on aromatherapy and self-hypnosis relaxation skills were organized to help employees manage stress on their own, and alleviate stress-related physical and emotional problems (such as insomnia, negative emotions, etc.). A total of 1,337 individuals participated, and the average overall satisfaction rate was 92%. Q2 My Happiness Diary - Mommy Care for Well-Being Women has a very important role in families and society. On every Women and Children’s Day, we organize activities such as sharing good news, sharing parenting articles, e-Check lectures on women’s cancers and 3-in-1 cancer screening for women. A total of 4,424 individuals participated, and the average overall satisfaction rate was 95.6%. Q3 My Health Diary - Fight Fat and Reclaim Fitness Adopt self-managed exercise and weight nursing staff. loss, and report the APP data to the In addition, a physical therapist is hired to teach employees how to strengthen their necks, pectoral and psoas muscles, as well as daily health care. 191 people participated in the weight loss activity, losing a total of 353.4 kg. A total of 482 individuals participated, and the average overall satisfaction rate was 97.1%. Q4 My Downshifting Diary - Beat Danger Index for Health Blood pressure self-measurement and self-care health passbooks are promoted for employees with high blood pressure and abnormal lab test results. In addition, healthy blood pressure contests and lectures on blood pressure related autonomic nerves are organized to enhance employees’ sensitivity toward possible health hazards caused by hypertension. To achieve early diagnosis and early treatment, and reduce the incidence of increased infection due to chronic diseases, employee abdominal ultrasound and flu vaccination are conducted for early detection of disease risks and for increasing immunity. A total of 3,766 individuals participated, and the average overall satisfaction rate was 95.9%. 2. 31,400 utilized massage services by visually impaired masseurs. 3. 2,218 consulted with in-house physicians. 4. 1,024 donated blood, totaling 1,609 bags of blood. 5. 1,057 received abdominal ultrasound exam, and satisfaction rate was 95.1 %. 6. 994 women were screened for cancer, and satisfaction rate was 96.4% (Note: The number is included in the number of Q2 health promotion activities). 7. 292 received flu vaccination. 8. A total of 407 training courses for emergency personnel were conducted, and the training rate was 100%. 9. There were 349 injuries and illnesses and emergency notifications. 71 Corporate Governance Report Corporate Social Responsibility and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item Yes No (4) Does the company provide its employees with career development and training sessions? (5) Does the company comply with relevant regulations and international standards about customers’ health, safty, privacy, advertise and label of goods and services and establish consumer protection policy? 72 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons 10. There were 520 new medical examinations. 11. There were 323 high-level health examinations. 12. Administrative services (group health insurance) totaled 3,828 occasions. • Protecting the health of employees and their families The Company provides physical and health checkups for employees, and based on the results, organizes health promotion activities for heath management. Special operation inspectors are classified for case management, and doctors are hired to provide on-site health consultation services for employees. Effective health risk management and case management are implemented for all employees with abnormal test results. They are also included into the information system for monitoring, thereby achieving 100% care rate. 1. In 2019, a total of 12,105 employees in the Company received physical checkup. 2. Health examination reports and questionnaire outcome were classified according to the risks. Health management and consultation by on-site doctors are then arranged accordingly to achieve 100% follow-up care. • Employee consulting and assistance program To assist employees with physical, mental and spiritual issues, the Company provides each employee with 6 free sessions of individual counseling per year. Appointments for individual counseling are arranged through a one-on-one privacy protection mechanism. In 2019, a total of 398 individuals received the free counseling service and 125 individuals received paid services. In 2019, the UMC Health Center continued to implement health promotion activities that were well- received and supported by employees. UMC’s promotion and cultivation of a healthy workplace is deeply recognized by enterprises. In 2019, Fab 8D, Fab 8E, Fab 8F and Fab 12A received the Excellent Self-Managed Healthy Workplace certification and obtained the health promotion badge. This award symbolizes the hard work that UMC put into cultivating a healthy workplace. It demonstrates UMC’s active protection of employee health and concern for their physical and psychological rights. The UMC training blueprints are based on different job categories and ranks. In addition, to encourage ongoing learning and career development, company-wide education and training plans for the following year are formulated according to the outcome of the annual executive and employee training needs survey. UMC is committed to strengthening its world-class process technology, manufacturing capability and excellent service to enhance customer service value. Since the beginning, UMC has regarded its customers as partners, and has created with them an exceptional business philosophy that is based on the spirit of United for Excellence. To achieve a win-win situation in its mission and goals, UMC integrates closely with its customers, hence rendering customer satisfaction a core company value. Specific customer-oriented behaviors involve providing total solutions from the customers’ perspective to meet customer demand for product and service quality. To this end, UMC has introduced the My UMC, My HJTC (for HJ only) and My USC (for USCXM only) online service platforms for customers to easily check product status such as order production status, shipping date and product quality data. In addition, the website also provides an Engineering Data Analysis function for customers to more easily analyze product data as needed. In addition to providing customers with information on the process materials for their products through the My UMC, My HJTC, My USC and My USJC online service platforms, UMC has also incorporated the Voice of Customer (VOC) instant online complaint system within the My UMC, My HJTC, My USC and My USJC service platforms for easy customer access. This interface allows customers to make requests, comments or suggestions about the Company’s products or services at any time. The system responds to customers within one working day regarding the processing of their request by relevant divisions. A specialist then assigns the customer input to the appropriate division for handling and response, and customers can check the progress at any time on the website. None None 73 Corporate Governance Report Corporate Social Responsibility and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item Yes No 74 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons UMC’s measures for responding to customer complaints must meet customer demand for product and service quality. To this end, there is a regular review for customer complaints, handling progress and the quality of response to ensure that each division not only offers corresponding measures but also provides subsequent series of related solutions to enhance overall customer satisfaction. UMC collects customer voice feedback in the VOC system and translates them into specific improvement actions for ongoing and comprehensive improvement of the Company’s product competitiveness and service quality. MyUMC MyHJTC (For HJ only) MyUSC (For USCXM only) My USJC (For USJC only) 75 Corporate Governance Report Corporate Social Responsibility and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item Yes No (6) Does the company establish supplier’s management policy and ask to comply with regulations about environmental protection, labor and human rights, safety, health? 5. Does the company prepare a Social Responsibility Report that complies with international guidlines and is verified by a third party? 6. If the company has established the corporate social responsibility principles based on “the Corporate Social Responsibility Best-Practice Principles for TWSE/TPEx Listed Companies,” please describe any discrepancy between the Principles and their implementation: 7. Other important information to facilitate better understanding of the company’s corporate social responsibility practices: 76 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons For consumer protection mechanisms, in order to strictly protect customer-related information, UMC has established an external document management procedure. All specifications and technical documents from customers are strictly controlled by UMC’s internal system. Therefore, we can prevent leakage of customer documents and ensure the document is utilized and proceeded appropriately. In the future, UMC will continue to accumulate smart assets, provide better products and services, work with customers to take on bigger challenges in technology development and production, and share win-win results with customers. UMC is ISO 9001 & IATF-16949 & QC-080000 IECQ HSPM international standards certified. The Company’s quality policies are based on these standards to provide customers with excellent product quality, reasonable price and excellent and timely service to enhance customer competitiveness. UMC adheres to the principle of continuous improvement. Through cultivating awareness in all employees, and control and technical improvement in design and production, UMC offers products that meet regulatory and customer demand for no harmful substance management, thereby fulfilling the Company’s responsibility as a global citizens to ensure environmental protection and human health and safety. Certificates Based on UMC’s GG-026-004-C sustainable supply chain management review guidelines for achieving supply chains that fulfill environmental protection, social responsibility, labor and human rights, safety, health and sustainable development, UMC has formulated evaluations for reviewing the sustainable development of supply chains. The evaluation comprises of a set of assessments to rate the sustainability of suppliers, and includes indicators such as delivery time, quality, finance and operations. Suppliers with unfavorable review outcomes are offered audit counseling for improvement, and in the case of severe issues, procurement or status as qualified suppliers are terminated. As of 2019, UMC has publicly issued a non-financial related sustainability annual report for 19 consecutive years. At the same time, the 2018 UMC Corporate Social Responsibility Report is the 14th annual report disclosing UMC’s corporate sustainable development. This report is compiled according to the GRI Standards of the Global Reporting Initiative, and is verified by a third party (certification body) in accordance with the Account Ability 1000 Assurance Standard. In 2020, UMC will compile the 2019 UMC Corporate Social Responsibility Report that will address major corporate social responsibility issues and stakeholder concerns, and will commission a third party to verify the report. UMC will remain transparent to the public and continue to demonstrate its commitment and determination in pursuing sustainable development. None None For details of the Corporate Social Responsibility Practice Principles formulated by UMC, please refer to http://www.umc.com/English/ investors/Corp_Gov.asp on the UMC website. The UMC corporate sustainable operations found on the UMC website shows no significance inconsistency from the Corporate Social Responsibility Best Practice Principles for TWSE/TPEx for Listed Companies. For other details, please refer to the “Corporate Social Responsibility” of this Annual Report and UMC Corporate Social Responsibility Report on the UMC website. UMC is a current member of Business Council for Sustainable Development of Taiwan (BCSD-Taiwan), Taiwan Corporate Sustainability Forum (TCSF), The Allied Association for Science Park Industries (ASIP) and Taiwan Semiconductor Industry Association (TSIA). In addition to actively promoting environmental safety and health and corporate sustainability activities, UMC also serves as a representative to provide recommendations to government and academic institutions in their formulation and development of corporate social responsibility policies. For other details, please refer to the UMC Corporate Social Responsibility Report and the Corporate Sustainability webpage at http://www. umc.com/English/CSR/index.asp on the UMC website. 77 Corporate Governance Report Ethical Corporate Management and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” Evaluation Item Yes No 1. Establishment of ethical corporate management policies and programs (1) Does the company declare its ethical corporate management policies and procedures approved by the Board of Directors, in its guidelines and external documents, implement the policies? (2) Does the company establish policies to prevent unethical conduct, analyze and evaluate the risk of unethical conduct in operating scope periodically, at least including appropriate precautions against high-potential unethical conduct or listed activities stated in Article 2, Paragraph 7 of the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies? (3) Does the company establish policies to prevent unethical conduct with clear statements regarding relevant procedures, guidelines of conduct, punishment for violation, rules of appeal, and the commitment to implement the policies and recheck the policies periodically? 2. Fulfill operations integrity policy (1) Does the company evaluate business partners’ ethical records and include ethics-related clauses in business contracts? (2) Does the company establish an exclusively (or concurrently) dedicated unit supervised by the Board to be in charge of corporate integrity, implementation, and regularly report to the Board of Directors, at least one time a year? (3) Does the company establish policies to prevent conflicts of interest and provide appropriate communication channels, and implement it? (4) Has the company established effective systems for both accounting and internal control to facilitate ethical corporate management, and are they audited by Audit Division based on the results of assessment of the in unethical conduct to examine accordingly the compliance with the prevention risk of involvement programs? or engage CPAs to carry out the audit? (5) Does the company regularly hold internal and external educational trainings on operational integrity? 78 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons UMC has formulated the Code of Ethics for Directors and Officers, the Employee Code of Conduct, and the Ethical Corporate Management Best Practice Principles with approval by the Board of Directors, and the UMC Code of Conduct as regulatory guidelines for all directors, managers and employees of the Company. Please refer to the UMC websites at http://www.umc.com/English/investors/Corp_ Gov.asp and http://www.umc.com/English/CSR/c_4.asp for details. The UMC Ethical Corporate Management Best Practice Principles and the Employee Code of Conduct are provisions for addressing moral integrity, conflict of interest avoidance and business entertainment. The Company also establishes a risk assessment mechanism against unethical conduct. Other relevant education, training or tests are conducted from time to time for employee education. All suppliers have signed the Employment Ethics Terms and Conditions Agreement in which policies and reporting channels are clearly stated. Furthermore, to strengthen and implement policies on quality, penalties for violating the above Process Change Notification (PCN) are clearly stated in the purchase order in accordance with the UMC Raw Material Supplier PCN Application Management Method (GG-Q12-008-E). The Corporate Sustainability Committee is the highest-level corporate social responsibility organization within UMC. The Committee formulates the direction and objectives of the Company’s corporate social responsibility and sustainable development, and reports to the Board of Directors annually. Ethical management is only one part of corporate sustainability. For further information, please refer to UMC website at http://www.umc.com/English/CSR/c_4.asp None None None None Please refer to Pages 85-89 of the Employee Code of Conduct for policies and reporting channels. None The UMC Audit Division is directly under the Board of Directors/Audit Committee to ensure the independence and objectivity of audits. Each year, the Audit Division develops an annual audit plan based on risk evaluation results, including the involvement of unethical conduct, implements audit, issues audit report and tracks improvement accordingly, and conducts control self- assessment annually. The head of the audit division regularly communicates with members of the Audit Committee regarding audit results and follow-up, and presents audit affairs and discusses with independent directors during Audit Committee and Board of Directors meetings to fully communicate audit content and performance. UMC regularly revises its internal control system to respond promptly to environmental changes and to improve the effectiveness of design and operating. Amendments are reported to the Audit Committee and Board of Directors for approval. In addition, UMC is also listed on the New York Stock Exchange (NYSE) and subject to US regulations for foreign issuers. Since 2006, UMC has complied with the SOX 404 Act and has been audited by the independent auditors annually. To date, the independent auditors have issued unqualified audit reports for UMC’s internal control design and implementation performance. In accordance with the philosophy of ethical management, UMC has formulated the Code of Ethics for Directors and Officers, the Employee Code of Conduct, and the Ethical Corporate Management Best Practice Principles as regulatory guidelines for all its directors, managers and employees. From top down, these regulations enhance the quality of conduct and professional ethics of the Company and its entire staff. The abovementioned Employee code of conduct is implemented in the daily tasks and businesses of all employees through physical and on-line training courses and online self-tests. In 2019, UMC fabs in Taiwan and Singapore have completed the training courses and passed relevant tests. None None 79 Corporate Governance Report Ethical Corporate Management and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Evaluation Item 3. Operation of the integrity channel (1) Does the company establish both a reward/punishment system and an integrity hotline? Can the accused be reached by an appropriate person for follow-up? Yes No (2) Does the company establish standard operating procedures for confidential reporting on investigating accusation cases and follow-up? (3) Does the company provide proper whistleblower protection? 4. Strengthening information disclosure Does the company disclose its ethical corporate management policies and the results of its implementation on the company’s website and MOPS? 5. The company has established the ethical corporate management policies based on the Ethical Corporate Management Best-Practice Principles for TWSE/TPEx Listed Companies, please describe any discrepancy between the policies and their implementation. 6. Other important information to facilitate a better understanding of the company’s ethical corporate management policies (e.g., review and amend its policies). 80 United Microelectronics Corporation | Annual Report 2019 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons Article 6 of the Employee code of conduct describes measures against ethics and fraud violations, and protective and anti-retaliation measures for reporting. Employees may report violations to relevant management and supervisory units through e-mail or hotlines, and the head of the Audit Division is promptly notified of the report. After receiving a fraud report, UMC will convene an investigative team to investigate the suspected fraud described in the report. Once investigation confirm, those found violating or breaching the Code of Conduct are to face adequate corrective action by the Company depending on the severity of the incident. The Company will protect any employee reporting ethics violation or fraud and members of the investigative team from unfair treatment or retaliation. For details, please refer to Pages 85-89 of the Employee code of conduct. None None The Company will protect any employee reporting ethics violation or fraud and members of the investigative team from unfair treatment or retaliation. For details, please refer to Pages 85-89 of the Employee code of conduct. None UMC discloses its principles on ethical corporate management and relevant regulations on its website and MOPS. In addition, UMC discloses relevant information in its CSR Report. None UMC has formulated the Code of Ethics for Directors and Officers, the Employee Code of Conduct and the Ethical Corporate Management Best Practice Principles. All directors, managers and employees of the Company shall abide by the provisions of these Codes and related regulations. For employee compliance with the Employee Code of Conduct, please refer to Pages 85-89 of the Employee Code of Conduct in this annual report. For other relevant communications such as employee rights, employee care, investor relations, supplier relationships and stakeholder rights, please refer to the UMC Corporate Social Responsibility Report and the Corporate Sustainability webpage at http://www.umc.com/English/ CSR/index.asp on the UMC website. 81 Corporate Governance Report Ethical Corporate Management and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” (Continue) Specific Measures for Ethical Management in 2018-2019 Item Implementation Status Legal Compliance UMC Code of Conduct Implementation UMC fair competition, intellectual property rights violations • Inter-division regulatory compliance is coordinated by the Legal Division, and other regulations are regularly reviewed by relevant divisions. • In 2019, the Legal Division coordinated overall regulatory compliance with the EU General Data Protection Regulation. • The content of the Codes is reviewed biennial: 1. Review of the Employee Code of Conduct was completed in April 2019. 2. Relevant penal provisions were added to the Employee Code of Conduct in December 2017. • Major violations of employee ethics are reported to the Audit Committee on a quarterly basis. In 2019, no major ethical violations were reported. • Employee Code of Conduct education and testing were conducted in August 2019, with 100% completion rate. • Employee Code of Conduct training course for new employees: 625 participants and a total of 937.5 hours in 2018; and 224 participants and a total of 336 hours in 2019. • Litigation cases in each quarter of 2019 were reported to the Audit Committee. • The UMC Antitrust Policy for promoting fair competition can be found on the UMC website, and online testing is conducted regularly. Online testing for the Fair Trade Law (i.e. the Antitrust Law) was conducted in September 2019. • For intellectual property rights education, three weekly training courses are offered to new employees: Introduction to UMC Intellectual Property Rights, Trade Secrets & Basic Legal and Risk Awareness for Incoming Data. In the first half of 2019, we continued to focus on training via the eUMC website, maintaining the frequency of announcement every six months. • Introduction to UMC Intellectual Property Rights training course for new employees: 1,333 participants and a total of 653 hours in 2018; 285 participants and a total of 71.3 hours in 2019. • Trade Secrets training course for new employees: separate from UMC Intellectual Property Rights as an individual course since December 2018 with 54 participants and a total of 8.6 hours in 2018; and 285 participants and a total of 45.6 hours in 2019. • Basic Legal and Risk Awareness for Incoming Data training course for new employees: implemented since April 2018. A total of 837 participants and a total of 209.3 hours in 2018; 285 participants and a total of 71.3 hours in 2019. Financial reporting related internal control • Annual audit by external auditors and internal Audit Division. • Results of internal audits for 2019 were reported at the Audit Committee/Board of Directors meetings on a quarterly basis. 82 United Microelectronics Corporation | Annual Report 2019 Code of Ethics for Directors and Officers The Board of Directors (the “Board”) of United Microelectronics • Gifts. Directors or officers and members of their immediate Corporation (the “Company”) has adopted the following families may not accept gifts from persons or entities who Code of Ethics (the “Code”) for directors and officers of the deal with the Company in those cases where any such gift Company. This Code applies to all directors and officers. has more than a nominal value or where acceptance of the No code or policy can anticipate every situation that may gifts could create the appearance of a conflict of interest. arise. Accordingly, this Code is intended to serve as a source • Personal use of Company assets. Directors or officers may of guiding principles for directors and officers. Directors and not use Company assets, labor or information for personal officers are encouraged to bring questions about particular use unless approved by the Chairman of the Board or as part circumstances that may involve one or more of the provisions of an approved compensation or expense reimbursement of this Code to the attention of the Chairman of the Board, program. who may consult with inside or outside legal counsel as 2. Corporate opportunities. appropriate. Directors and officers are prohibited from: (a) taking for Directors who also serve as officers of the Company should themselves personal opportunities that are discovered read this Code in conjunction with the Code of Ethics for through the use of the Company’s property, information or employees governing the business conduct of Company position; (b) using the Company’s property, information, employees. 1. Conflict of Interest. or position for personal gain; or (c) competing with the Company. Directors and officers must avoid any conflicts of interest 3. Corporate assets; confidentiality. between the director or officer and the Company. Any Directors and officers are expected to protect the assets situation that involves, or may reasonably be expected to of the Company and use them efficiently to advance the involve, a conflict of interest with the Company should be interests of the Company. Those assets include tangible and disclosed promptly to the Chairman of the Board, such as intangible assets, such as confidential Company information. extending a loan to, providing a guarantee of the obligations Directors and officers should maintain the confidentiality of of, conducting a material transaction with, selling products information entrusted to them by the Company and any other to or purchasing products from a director or officer (or a member of his or her immediate family1). A “conflict of interest” can occur when a director or officer’s confidential information about the Company that comes to them, from whatever source in the course of the Company’s business, in their capacity as director or officer except when personal interest is adverse to - or may appear to be adverse disclosure is authorized or legally mandated. For purposes to - the interests of the Company as a whole. Conflicts of of this Code, “confidential information” includes all non- interest also arise when a director or officer, or a member public information relating to the Company, its customers or of his or her immediate family, receives improper personal suppliers. benefits as a result of his or her position as a director or 4. Compliance with laws, rules and regulations; fair dealing. officer of the Company. Appropriate policies and procedures are in place for This Code does not attempt to describe all possible conflicts compliance by directors and officers, with laws, rules and of interest that could develop. Some of the more common regulations applicable to the Company, including insider conflicts from which directors or officers must refrain are set trading laws. Transactions in the Company’s securities are out below: governed by the Company's policies with respect to trading • Relationship of Company with third parties. Directors or such securities. officers may not engage in any conduct or activities that Directors and officers shall endeavor to deal fairly with the are inconsistent with the Company’s best interests or Company’s customers, suppliers, competitors and employees. that disrupt or impair the Company’s relationship with any No director or officer should take unfair advantage of anyone person or entity with which the Company has or proposes through manipulation, concealment, abuse of privileged to enter into a business or contractual relationship. information, misrepresentation of material facts, or any • Compensation from non-Company sources. Directors or other intentional unfair-dealing influence. officers may not accept compensation (in any form) for 5. Accurate Reports and other Public Communications. services performed for the Company from any source other It is crucial that all books of accounts, financial statements and than the Company. records of the Company reflect the underlying transactions and any disposition of assets in a full, fair, accurate and 83 Corporate Governance Report Code of Ethics for Directors and Officers (Continue) timely manner. All officers and directors who are involved in Committee or other personnel as appropriate, or in the case the Company’s disclosure process are required to know and of an officer in accordance with the procedures set forth in understand the disclosure requirements applicable to the the Code of Ethics for employees. No one will be subject to Company that are within the scope of their responsibilities, retaliation because of a good faith report of a suspected and must endeavor to ensure that information in documents violation. Violations will be investigated by the Board or by a that the Company files with or submits to the ROC Securities person or persons designated by the Board. Any waiver of this and Futures Bureau and the U.S. Securities and Exchange Code may be made only by the Board and the details of the Commission, or otherwise disclosed to the public, is presented waiver, including name and title of the receiving party of the in a full, fair, accurate, timely and understandable manner. waiver, date of the board meeting when the waiver is granted, Additionally, each individual involved in the preparation the validity period of waiver, reason to grant the waiver and of the Company’s financial statements must prepare those principle for granting waiver, will be promptly disclosed to statements in accordance with our internal accounting shareholders and others, as required by applicable law and policies, which take into account generally accepted the Taiwan Stock Exchange listing standards. All requests for accounting policies set forth by the IFRSs, IASs, IFRIC and SIC, waivers or review by the Board should be made to one of the which are endorsed by Financial Supervisory Commission Company’s independent directors. (TIFRSs) and relevant laws and regulations applicable to the 8. Enforcement of this Code of Ethics Company, ensure they are consistently applied, and follow The Board shall determine appropriate actions to be taken in any other applicable accounting standards and rules so that the event of violations of this Code and set forth procedure the financial statements materially, fairly and completely for the person who is determined to have violated to Code reflect the business transactions and financial condition of in the event of disagreement with the determination. Such the Company. actions shall be reasonably designed to deter wrongdoing 6. Encouraging the reporting of any illegal or unethical and to promote accountability for adherence to this Code. In behavior. determining the proper course of action in a particular case, Directors and officers should promote ethical behavior and the Board shall take into account all relevant information, take steps to ensure the Company: including the nature and severity of the violation, whether (a) encourages employees to talk to managers and other the violation appears to have been intentional or inadvertent appropriate personnel when in doubt about the best and whether the individual in question had been advised course of action in a particular situation; (b) encourages prior to the violation. employees to report violations of laws, rules, regulations, the Company’s internal rules, or the Code of Ethics for employees to appropriate personnel; and (c) informs employees that the Company will not allow retaliation for reports made in good faith. 7. Compliance Procedures. 1. "Immediate family" shall include a person's spouse, parents, children, and relatives within three degrees of kinship. Please refer to the website http://www.umc.com/English/ Any suspected violations of this Code should be reported pdf/UMC_Ethical_Corporate_Management_Best_Practice_ promptly to managers, the internal auditor, the Audit Principles_eng.pdf for the presentation shown above. 84 United Microelectronics Corporation | Annual Report 2019 Employee Code of Conduct I. Objective: The company’s objective in establishing this “Code of Conduct” is to promote ethics, honesty and professionalism within the company and among its employees. The company believes in being an integrated organization and that the action of every employee affects its entire organization and reputation. Any employee is obligated to strive for the extension of the Company’s interests within legal limits, and is responsible for preventing damages or loss to the Company’s interests. The company expects all employees to abide by this Code in carrying out their duties and functions so as to preserve public trust and to ensure the company’s sustainable growth and development. II. Scope: This policy and its related procedures and measures are applicable to all employees (including senior executives and officers). III. Content: 1. Morality and integrity 1-1. The company dedicates itself to abide by commercial ethics and firmly believes in the values of an integrated organization. This guideline has been introduced to outline applicable legal requirements and company policy required of the company and all employees. Any company employee with any query concerning ethics or legal matters is advised to consult with his or her division head or the company’s legal division for guidance. 1-2. Ethical standards shall not be confined to legal compliance. Each individual shall be obligated to conduct all businesses ethically and to avoid any activity that would lead to a conflict of interest. 1-3. The principles governing ethics and integrity are comprised of: 1-3-1. Conducting all business with integrity and truthfully recording the process of all business dealings. 1-3-2. Ensuring proper confidentiality of all commercial information when executing a mission and retaining complete commercial and operational records, as well as respecting the commercial assets and intellectual properties of the company, each client and each strategic partner of the company. 1-3-3. All company accounting ledgers, invoices, records, accounting entries, capital and assets must be securely cataloged and safeguarded to ensure that all company transactions and business dealings can be fairly and accurately reflected. It is strictly forbidden to fabricate, falsify or create misleading claims or to fabricate or falsify any accounting entries, records, financial reports or any other related documents, or to make any misleading claims or records, or intentionally hide or cover the state of the company’s transactions; nor it is permitted to open, maintain or access any illegitimate accounts with any bank or a third party institution with which to conduct account transactions related to the company. 1-3-4. It is forbidden to destroy, alter or forge any pertinent records that may likely be linked to an investigation, litigation or legal related settlement proceeding. 1-3-5. When coming across incidents involving alleged unethical conduct or suspicions of violation to this rule, all personnel are obligated to inform the company’s management. 2. Respect for individuals and customers: 2-1. The company respects the privacy and integrity of every employee and upholds strict standards of privacy and confidentiality for individual personal data. Treatment of customers and commercial data concerning other individuals shall also be bound by this principle of confidentiality. 2-2. Each employee should endeavor to deal fairly with the company’s customers, suppliers, competitors and other employees. No employee should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair-dealing practice. 2-3. The company is to maintain open communication channels that would encourage all employees to participate in company affairs and to express their opinions to supervisors of all levels. 85 Corporate Governance Report Employee Code of Conduct (Continue) 3. Avoidance of conflict of interest: 3-1. Prior to engaging in any business, investment or related activity that may lead to a conflict of interest between personal and professional relationships, the employee must fully disclose such conflict of interest to, and the potential conflict must be subject to review by, the chairman & president’s office. More detailed guidelines on conflicts of interest are set forth in the company’s Rules of Integrity for the employees (as appendix I). All company personnel are obligated to file a report with the Human Resources Division of the company citing any probable conflict of interest that might concern the individual or the company. 3-2. Employees should avoid incidents that may involve a probable conflict of interest - for instance, an employee moonlighting at a non-affiliated company, or an employee negotiating or conducting business transactions with the company which would benefit such employee or the employee’s family or relatives personally. Employees are prohibited to (a) take for themselves personal opportunities that are discovered through the use of corporate property, information or position, (b) use corporate property, information or position for personal gain and (c) compete with the company. 3-3. Any action that may possibly transfer the Company’s resources or interests to employees, their relatives or friends is, in principle, prohibited. If such action is considered as beneficial for both the individual and the Company, it may be exceptionally permitted and proceeds only after obtaining the Chairman’s approval. Please file a report with Appendix II. 3-4. All employees are prohibited to provide or disclose openly company confidential information without securing proper authorization from the company. It is strictly forbidden to trade confidential or insider information for individual gain, or to benefit others or put the company’ s interest in jeopardy. 3-5. All employees are forbidden to engage in any of the aforesaid activities through an agent, partner or any representative only to circumvent this guideline. 3-6. All personnel that participate in the review, evaluation and selection of vendors should avoid any circumstance that has the potential to bias a fair decision. 3-7. Unless otherwise approved by the board of directors in advance and in compliance with all applicable laws, employees are not permitted to take out or accept company loans on behalf of oneself or one’s relative, or demand the company to issue a liability guarantee. 3-8. Unless for company business, advanced authorization shall be sought prior to accessing any of the company’s services, equipment, facilities, properties or any other form of resources. All employees should protect the company’s assets and ensure their efficient use. The company’s assets, whether tangible or intangible, are to be used only by authorized employees or their designees and only for the legitimate business purposes of the company. 3-9. We request employees who have specific business and selected positions for management’s needs and employees of designated departments to make an annual declaration of interests. If employees themselves or their relatives (up to the third degree) have investments in and/or are currently employed by UMC customers, distributors, distributors’ customers, suppliers, or competitors, the status of such investments and/or employment should be reported in the "declaration of interests" system. The Human Resources Division will then be responsible for data collection and summarization in order to report results to senior executives, the President and the Chairman. However, in the case where such investment is made on firms that the Company invests in, have openly agreed to be invested in, or are of publicly listed companies, the report to superiors is not required. 3-10. All employees shall not exploit opportunities for information access (including but not limited to attendance at meetings related to sales and production, annual planning, policy launching) to disclose the Company's confidential information to any external parties (including but not limited to the Company's customers, suppliers, or any other parties who are not obliged to know). 4. Gratuity and business reception: 4-1. All employees are prohibited to accept from or give to any customer, supplier or contingent party related to the company any kickbacks or any other form of illicit gain. 4-2. All employees are strictly forbidden to accept gifts from the company’s vendors valued at over one thousand N.T. dollars (NT$1,000), or any cash, or any equivalent in monetary goods, i.e. gift certificates, check, stock certificate and the like. 86 United Microelectronics Corporation | Annual Report 2019 Employee Code of Conduct (Continue) 4-3. All employees are forbidden to accept lavish entertainment or reception. 4-4. For the purpose of maintaining a normal business relationship, gifts that are to be presented to business counterparts should be imprinted with the company’s logo. 4-5. It is prudent to conform to the general practice of common business decorum when accepting or arranging any type of business reception, and all employees shall refrain from being excessively lavish and refrain from incurring significant or unnecessary expenses. 5. Full, fair, accurate, timely and understandable disclosure: 5-1. It is crucial that all books of account, financial statements and records of the company reflect the underlying transactions and any disposition of assets in a full, fair, accurate and timely manner. 5-2. All employees who are involved in the company’s disclosure process are required to know and understand the disclosure requirements applicable to the company that are within the scope of their responsibilities, and must endeavor to ensure that information in documents that the company files with or submits to the Securities and Futures Bureau, Financial Supervisory Commission, Executive Yuan, ROC and the U.S. Securities and Exchange Commission, or that is otherwise disclosed to the public, is presented in a full, fair, accurate, timely and understandable manner. 5-3. It is critically important that financial statements and related disclosures be free of material errors. Employees are prohibited from knowingly making or causing others to make a materially misleading, incomplete or false statement to an accountant or an attorney in connection with an audit or any filing with any governmental or regulatory entity (such as the ROC Securities and Futures Bureau, Financial Supervisory Commission, Executive Yuan, ROC, the U.S. Securities and Exchange Commission or the New York Stock Exchange). 5-4. No individual, or any person acting under his or her direction, shall directly or indirectly take any action to coerce, manipulate, mislead or fraudulently influence any of the company’s auditors if he or she knows (or should know) that his or her actions, if successful, could result in rendering the company’s financial statements materially misleading. 6. Safeguard Associated with the Implementation of Code of Conduct and Reporting of Fraudulent Act: 6-1. All employees are to comply with applicable governmental laws, rules and regulations, and the company’s regulations and procedures. 6-2. Employees, suppliers, customers or other related stakeholders can report illegal activity or major misconduct by UMC managers or staff (“whistleblowing report”) through any of the following channels: 6-2-1. Send an email report to the email address whistleblower@umc.com which will then automatically forward a copy of the report to the Audit Committee, ADT Level 1 Manager, HR Level 1 Manager, and LA&C Level 1 Manager. 6-2-2. Send an email report directly to any of the following: ADT Level 1 Manager: ADT_Director@umc.com; H R L e vel 1 M ana g e r: H R _ D ire c to r @ um c . c o m; L A&C L e vel 1 M ana g e r: z _ L e gal@ um c . c om; o r the Audit Committee: Audit_committee@umc.com). 6-2-3. Report the issue by calling the whistleblowing direct phone line at: 0800-024-399 (toll free) or 03-5782258 ext 31425. 6-2-4. Report the issue directly to a manager in HR or any other appropriate department/division. Once the manager receives the report, they will immediately notify the ADT Level 1 Manager. Once a whistleblowing report has been received, the Company will assemble an investigation team to conduct a thorough inquiry into the allegations made in the report. More detailed guidelines on reporting processes are set forth in the company’s Whistleblower Program. 6-3. For the person reporting a violation of the Code of Conduct or engagement in fraud as well as any other related employee involved in all subsequent investigations of the violation, the company will provide safeguard measures ensuring them against any unfair retaliation or treatment. 6-4. Those found violating or breaching the Code of Conduct are to face adequate corrective action by the company depending on the severity of the incident. It is the responsibility of each employee to carefully read, understand and comply with this Code of Conduct and, as needed, to seek clarification on any point. Questions regarding any legal or ethical requirements should be directed to the director of the Human Resources or the company’s legal division. 87 Corporate Governance Report Employee Code of Conduct (Continue) 7. Waivers and amendments: 7-1. The company may waive application of this Code of Conduct to employees in certain limited situations. Any waivers of the provisions of this Code of Conduct for executive officers may be granted only in exceptional circumstances by the board of directors. The company will promptly disclose to its shareholders any such waivers granted to any of its executive officers and the reason for such waiver. 7-2. Amendments to this Code of Conduct shall be promptly disclosed by the company. It is each individual’s responsibility to maintain familiarity with this Code of Conduct as the company reviews and revises its content from time to time. (Appendix) Rules of Employee Integrity 1. Objective: To maintain the common practice of integrity and business efficiency, the Rules of Employee Integrity has been specially stipulated. 2. While employees of the Company are engaged in all sorts of business practices, they should conform to the following principles: 2-1. Any employee is obligated to strive for the extension of the Company’s interests within legal limits. 2-2. Any employee is responsible of preventing damages or loss of the Company’s interests. 3. Rules of Integrity: 3-1. Employees undertaking the business with vendors should adhere to the following principles: 3-1-1. Be honest and fair while selecting vendors. Select those who present products/services with the most competitive quality, prices, and delivery. 3-1-2. No accepting of rake-offs or other illegitimate interests from vendors. 3-1-3. Employees and relatives are strictly forbidden to accept any gifts, cash, or other valuables worth of NTD 1,000 or above from vendors. 3-1-4. In principle, employees are prohibited from accepting entertainment reception apart from simple meals. For any question regarding this principle, ask a direct superior. 3-2. Employees in marketing or sales-related departments should adhere to the following principles when dealing with customers: 3-2-1. Be honest and fair while transacting with customers. 3-2-2. Customers’ offer of gifts, cash, or other valuables should be courteously declined. In the case where such offer cannot be declined or returned and its value exceeds USD 100.00, please turn the item to the Employee Welfare Committee to be handled on a case-by-case basis. 3-3. All employees should prevent any of the following from occurring and affecting the Company’s interests: 3-3-1. Through access to one’s own duties, directly or indirectly seeking illegitimate interests or engaging in fraudulent activities. 3-3-2. Seeking illegitimate interests through one’s authority or identity to access duties not run or supervised by oneself. 3-3-3. Defrauding others through access to one’s own duties. 3-3-4. Invading or stealing equipment or property from the company. 3-3-5. Engaging in fraudulent activities such as over-filing for traveling expenses or overtime compensations or applying for inaccurate expenses. 88 United Microelectronics Corporation | Annual Report 2019 Employee Code of Conduct (Continue) 3-4. All employees have the responsibility of maintaining a clean image of the Company, which includes no gossiping about colleagues or superiors outside of the office. 3-5. All supervisors must possess the ability of judging the rights and wrongs on integrity issues and should never use not regulated as excuses for any debatable conduct. Besides being honest themselves, they should lead subordinates in establishing a work environment practicing integrity. 3-6. Acceptance inspectors or authenticator of each business operation as well as accounting examiners have the responsibility of reporting upon discover of those violating the Rules of Integrity. 4. Rewards and Punishment: 4-1. Rewards for reporting: Correcting or reporting on violations of integrity rules is an action of protecting the rights of employees, shareholders, and the Company. Once found to be factual, suitable rewards will be given to the reporter. 4-2. Punishment: 4-2-1. Punishment will be administered under any of the following occurrences: A. When an employee violates the Rules of Integrity. B. When a direct supervisor: a. Causes his subordinate’s violation of the integrity rules due to his improper supervision and guidance. b. Shelters a violator of the integrity rules with knowledge of the incident. C. When an acceptance inspector, authenticator, or examiner of each business operation: a. Overlooks a violation of the integrity rules due to his negligence on the job. b. Fails to report on any violation of the integrity rules found during acceptance inspecting, authenticating, or examining. 4-2-2. Provisions on Punishment: In addition to recovering and returning the illegitimate benefits to the original owner or company, violators of the integrity rules will be inflicted, in proportion to the weight of the incident, with the following different punishments or the combination of them. A. According to internal punishment regulations B. Withholding of the performance cash award, year-end award and bonus C. Demotion of job grade D. Removal from post E. Legal action 4-3. Confession 4-3-1. In the case where the violator of the integrity rules makes the confession afterwards, his punishment may be reduced or waived. 4-3-2. In the case of a group violation of the integrity rules, the first one making the confession may be waived from his punishment. Please refer to the website http://www.umc.com/English/pdf/Employee_Code_of_Conduct-e.pdf for the presentation shown above. 89 Corporate Governance Report UMC Ethical Corporate Management Best Practice Principles Article 1 Article 6 In order to foster a corporate culture of ethical According to its preceding policy, the company shall management and sound development, the company prescribe specific ethical management practices is advised to adopt these principles applicable to its and programs to deter unethical conduct ("prevention subsidiaries and other institutions or juridical persons programs"), including operational procedures, guidelines, which are substantially controlled by such company. and training. Article 2 Article 7 When engaging in its commercial activities, directors, Company shall establish a risk assessment mechanism managers, employees, and agents or persons having against unethical conduct, analyze and assess on a substantial control over such companies (“company regular basis business activities within their business personnel”) shall not directly or indirectly offer, promise scope which are at a higher risk of being involved in to offer, request or accept any improper benefits, nor unethical conduct, and establish prevention programs commit unethical acts including breach of ethics, illegal accordingly and review their adequacy and effectiveness acts, or breach of fiduciary duty (“unethical conduct”) for on a regular basis. purposes of acquiring or maintaining benefits. Article 8 Article 3 The company shall request their directors and senior “Benefits” in these Principles means any element of value, management to issue a statement of compliance with including money, endowments, commission, positions, the ethical management policy and require in the terms services, preferential treatment or rebates of any type of employment that employees comply with such policy. or in any name. Benefits received or given occasionally The company clearly specifies in its rules and external in accordance with accepted social customs and that do documents the ethical corporate management policies not adversely affect specific rights and obligations shall and the commitment by the board of directors and the be excluded. Article 4 management on rigorous and thorough implementation of such policies, and carries out the policies in The company shall comply with the Company Act, internal management and in commercial activities. Securities and Exchange Act, Business Entity Accounting The company shall compile documented information on Act, Political Donations Act, Anti-Corruption Statute, the ethical management policy, statement, commitment Government Procurement Act, Act on Recusal of Public and implementation mentioned in the first and second Servants Due to Conflicts of Interest, TWSE/GTSM listing paragraphs and retain said information properly. rules, or other laws or regulations regarding commercial Article 9 activities, as the underlying basic premise to facilitate The company engages in commercial activities in a fair ethical corporate management. and transparent manner based on the principle of ethical Article 5 management. The company shall abide by the operational philosophies Prior to any commercial transactions, the company will of honesty, transparency and responsibility, base take into consideration the legality of their agents, policies on the principle of good faith and establish suppliers, clients, or other trading counterparties and good corporate governance, risk control and whether any of them are involved in unethical conduct, management mechanisms to create an operational and will avoid any dealings with persons so involved. environment for sustainable development. 90 United Microelectronics Corporation | Annual Report 2019 UMC Ethical Corporate Management Best Practice Principles (Continue) Article 10 Article 16 When conducting business, the company and its In the course of research and development, procurement, personnel may not directly or indirectly offer, promise to manufacture, provision, or sale of products and services, offer, request, or accept any improper benefits in whatever the company and its personnel observe applicable laws form to or from clients, agents, contractors, suppliers, and regulations and international standards to ensure public servants, or other stakeholders. the transparency of information about, and safety of, Article 11 their products and services. They shall also adopt and When directly or indirectly offering a donation to political publish a policy on the protection of the rights and parties, organizations or individuals participating in interests of consumers or other stakeholders, and carry political activities, the company and its personnel shall out the policy in their operations, with a view to prevent comply with the Political Donations Act and their own their products and services from directly or indirectly relevant internal operational procedures, and shall not damaging the rights and interests, health, and safety of make such donations in exchange for commercial gains or consumers or other stakeholders. business advantages. Article 12 Article 17 The personnel of the company shall exercise the due When making or offering donations and sponsorship, the care of good administrators to urge the company to company and its personnel shall comply with relevant prevent unethical conduct, while always reviewing the laws and regulations and internal operational procedures, results of the preventive measures and continually and shall not surreptitiously engage in bribery. making adjustments so as to ensure thorough Article 13 implementation of its ethical corporate management The company and its personnel shall not directly or policies. indirectly offer or accept any unreasonable gifts, To achieve sound ethical corporate management, the hospitality or other improper benefits to establish relevant competent authority shall be responsible business relationship or influence commercial for establishing and supervising the implementation transactions. Article 14 of the ethical corporate management policies and prevention programs, and report to the board of The company and its personnel shall observe applicable directors annually. laws and regulations, internal operational procedures, Article 18 and contractual provisions concerning intellectual The personnel of the company shall comply with laws and property, and may not use, disclose, dispose, or damage regulations and the prevention programs when intellectual property or otherwise infringe intellectual conducting business. property rights without the prior consent of the Article 19 intellectual property rights holder. Article 15 The company shall adopt policies for preventing conflicts of interest to identify, monitor, and manage risks The company shall engage in business activities possibly resulting from unethical conduct, and shall also in accordance with applicable competition laws and offer appropriate means for directors, managers, and regulations, and may not make rigged bids, establish other stakeholders attending or present at board output restrictions or quotas, or share or divide markets meetings to voluntarily explain whether their interests by allocating customers, suppliers, territories, or lines of would potentially conflict with those of the company. commerce. 91 Corporate Governance Report UMC Ethical Corporate Management Best Practice Principles (Continue) Article 20 Article 24 The company shall establish effective accounting The company shall adopt and publish a well-defined systems and internal control systems for business disciplinary and appeal system for handling violations of activities that may possibly be at higher risk of being the ethical corporate management rules, and shall involved in unethical conduct, not have under-the-table properly make the announcement on the company's or secret accounts, and conduct reviews regularly so internal website including the title and details of the as to ensure that the design and enforcement violation, and the actions taken in response. of the systems are showing results. Article 25 The internal audit unit of the company shall devise The company shall continuously assess the promotional relevant audit plans based on the results of assessment effectiveness promotion of its ethical management of the risk of involvement in unethical conduct, which policy. The company shall also disclose the measures taken plans shall include parties to audit and audit scope, for implementing ethical corporate management, the items and frequency etc., and examine accordingly the status of implementation, and the effectiveness compliance with the prevention programs. The internal of promotion on company websites, annual reports, audit unit may engage a certified public accountant and prospectuses, and shall disclose ethical corporate to carry out the audit, and may engage professionals management best practice principles on the Market to assist if necessary. The results of examination in the Observation Post System (MOPS). preceding paragraph shall be reported to senior Article 26 management and the ethical management team The company shall at all times monitor the development and reduced to writing in the form of an audit report of relevant local and international regulations to be submitted to the board of directors. concerning ethical corporate management and Article 21 encourage their directors, managers, and employees The company establishes "UMC Code of Conduct", to make suggestions, which the company will base its "UMC Board of Directors and Managers Code of Ethics", review and improvements for its adopted ethical and "UMC Employee Code of Conduct" to guide directors, corporate management policies and measures in supervisors, managers, employees, and substantial order to achieve better implementation of ethical controllers on how to conduct business. Article 22 management. Article 27 The company shall periodically organize training The principles shall be implemented after the board and awareness programs for company personnel, and of directors grants approval. The same procedure shall should execute reward and discipline systems according be followed when the principles have been amended. to the relevant rules of the company, so they understand the companies' resolve to implement ethical corporate Please refer to the website http://www.umc.com/English/ management, related policies, prevention programs, and pdf/UMC_Ethical_Corporate_Management_Best_Practice_ the consequences of engaging in unethical conduct. Principles_eng.pdf for the presentation shown above. Article 23 The company shall establish a whistle-blowing system and guarantee the confidentiality of the identity of whistle-blowers and the content of reported cases. 92 United Microelectronics Corporation | Annual Report 2019 Internal Control System Execution Status Statement of Internal Control System during the assessing period: effectiveness and efficiency Based on the findings of self-assessment, UMC states the of operations, reliability, timeliness, transparency of our following with regard to its internal control system during reporting, and compliance with applicable rulings, laws the year 2019. and regulations. 1. UMC acknowledges and understands that establishing, 6. This Statement is an integral part of the UMC’s annual operating and maintaining an internal control system report and prospectus, and will be made public. Any are the responsibilities of its Board of Directors and falsehood, concealment, or other illegality in the content management, and such a system has been established. made public will entail legal liability under Articles 20, 32, The purpose of establishing the internal control system 171 and 174 of the Securities and Exchange Act. is to reasonably assure the following objectives: The 7. This Statement was passed by the Board of Directors effectiveness and efficiency of operations (including in their meeting held on Feb. 26, 2020, with none of nine profitability, performance and the safeguarding assets); attending directors expressing dissenting opinions, and reliability, timeliness, transparency of our reporting, and the remainder all affirming the content of this Statement. compliance with applicable rulings, laws and regulations. 2. The internal control system has inherent limitations. No matter how perfectly designed, an effective internal control system can only provide reasonable assurance of accomplishing the aforementioned three objectives. United Microelectronics Corporation Moreover, the effectiveness of an internal control system may be subject to changes of environmental or circumstances. Nevertheless, our internal control system contains self-monitoring mechanism and UMC takes corrective actions whenever a deficiency is identified. 3. UMC evaluates the design and operating effectiveness of its internal control system based on the criteria Chairman: Stan Hung provided in the Regulations Governing Establishment of Internal Control Systems by Public Companies (herein below, the “Regulations”). The criteria adopted by the Regulations identify five components of internal control based on the process of management control: (1) control President: S C Chien environment, (2) risk assessment, (3) control activities, (4) information and communication, and (5) monitoring activities. Each component further contains several items. Please refer to the Regulations for details. 4. UMC has evaluated the design and operating effectiveness President: Jason S Wang of its internal control system according to the aforesaid Regulations. 5. Base on the findings of the assessment mentioned in the preceding paragraph, UMC believes that, on December 31, 2019, its internal control system (including its supervision and management of subsidiaries), had effectively assured that the following objectives had been reasonably achieved Feb. 26, 2020 If a Certified Public Accountant (CPA) was Engaged to Conduct a Special Audit of the Internal Control System, Provide its Audit Report: According to “Regulations Governing Establishment of Internal Control Systems by Public Companies,” the Company was not required to engage a certified public accountant (CPA) to conduct a special audit of internal control system in 2019. 93 Corporate Governance Report Legal Liabilities of Company and Employees, Company Penalties Toward Employee Violation of Company Regulations, Key Oversights and Improvement None. Major Resolutions and Implementation Status of the Shareholders’ Meetings and the Board of Directors’ Meetings The Major Resolutions from the Shareholders’ Meetings The Company’s 2019 Annual General Meeting was held at UMC’s Fab 8S Conference Hall, No.16, Creation Rd. 1, Hsinchu Science Park on June 12, 2019. The resolutions approved by the shareholders present in person or by proxy and its implementation status were as follows: Items Resolutions from the Annual General Meeting Implementation Status Acceptance of the 2018 business report and financial statements • In 2018, UMC’s sales revenue was NTD 151,252,571 thousand, and full-year net income reached NTD 7,072,990 thousand, leading to an earnings per share of NTD 0.58. Acceptance of the 2018 Earnings Distribution Chart • Distribution of 2018 earnings with cash dividend of NTD 6,916,104,855. • The ex-dividend record date was set for July 22, 2019, and cash dividend for common shares was paid on August 6, 2019. Approval of the amendment of the Company’s “Acquisition or Disposal of Assets Procedure.” Approval of the amendment of the Company’s “Financial Derivatives Transaction Procedure.” Approval of the amendment of the Company’s “Loan Procedure.” Approval of the amendment of the Company’s “Endorsements and Guarantees Procedure.” • Implemented in accordance with resolution • Implemented in accordance with resolution • Implemented in accordance with resolution • Implemented in accordance with resolution 1. 2. 3. 4. 5. 6. 94 United Microelectronics Corporation | Annual Report 2019 Major Resolutions and Implementation Status of the Shareholders’ Meetings and the Board of Directors’ Meetings (Continue) The Major Resolutions from the Board of Directors’ Meeting Meeting Date Major Resolutions 2019.03.06 2019.04.24 2019.06.19 2019.07.24 2019.10.30 2019.12.18 2020.02.26 • Approved the 2018 Business Report and Financial Statements. • Approved the 2018 distributable compensation for employees and directors. • Approved the 2018 Dividend Distribution. • Approved termination of the issuance plan for private placement, which was approved at the 2018 Annual General Meeting. • Approved the date of convening the 2019 Annual General Shareholders’ Meeting, meeting agenda and submission period for shareholder proposals. • Approved for UMC’s Singapore branch to lend funds to UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. • Approved the capital reduction for the cancellation of treasury shares. • Approved UMC's donation to UMC Science and Culture Foundation. • Approved to designate a Company Secretary. • Approved the Q1, 2019 Consolidated Financial Statements. • Approved capital budget execution. • Approved addition of proposals of the 2019 Annual General Shareholders’ Meeting. • Approved the Company’s 20th share repurchase program. • Approved the adjustment of 2018 cash dividend ratio. • Approved the record date for 2018 cash dividend. • Approved the capital reduction for the cancellation of treasury shares. • Approved the Q2, 2019 Consolidated Financial Statements. • Approved capital budget execution. • Approved the Q3, 2019 Consolidated Financial Statements. • Approved capital budget execution. • Approved the 2019 Business Report and Financial Statements. • Approved the 2019 distributable compensation for employees and directors. • Approved the 2019 Dividend Distribution. • Approved capital budget execution. • Approved issuing Restricted Stock Awards for employees. • Approved the date of convening the 2020 Annual General Meeting, meeting agenda and submission period for shareholder proposals. • Approved for UMC’s Singapore branch to lend funds to UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. • Approved UMC’s donation to UMC Science and Culture Foundation. 95 Corporate Governance Report Major Issues of Record or Written Statements Made by Any Director Dissenting to Important Resolutions Passed by the Board of Directors during 2019 and as of the Annual Report Printing Date: None. Resignation or Dismissal of Chairman, President, and Heads of Accounting, Finance, Internal Audit and R&D during 2019 and as of the Annual Report Printing Date: None. Certification of Employees Whose Jobs Are Related to the Release of the Company's Financial Information Number of Employees Certification Name Certified Public Accountants (CPA) US Certified Public Accountants (US CPA) Association of Chartered Certified Accountants Singapore (ACCA Singapore) Certified Internal Auditor (CIA) CABIAV Certificate of Certified Business Valuator Audit Accounting Finance 2 1 15 4 1 3 2 1 1 1 96 United Microelectronics Corporation | Annual Report 2019 Certified Public Accountant (CPA) Fee Information For the Non-Audit Fee Paid to CPA, CPA Firm, and Its Affiliate Greater than 1/4 of the Audit Fee, the Amount of Audit and Non-Audit Fee and Content of Non-Audit Service Should Be Disclosed If there is no such thing, please refer to the following table. Name of CPA Firm Name of CPA Audit Fee System Design Business Registration Human Resources Others (Note) Subtotal Period In Thousand NTD Non-Audit Fees CPA Audit Remark Ernst & Young, Taiwan Wan-Ju Chiu, Hsin-Min Hsu 65,983 23 30 1,042 1,095 2019.01.01~ 2019.12.31 - Note: The “Others” category within the non-audit fees mainly includes fees paid for services to review the checklist of public disclosure and filing and reading of the annual report and Prospectuses. If the CPA Firm Changes, and the Audit Fee Paid in the Year of such Change Is Reduced from the Audit Fee of the Previous Year, the Amounts of the Audit Fees Before and After such Change and the Reason of such Change Should Be Disclosed None. If the Audit Fee Is Reduced by More than 15% from Last Year, the Amount, Ratio, and Reason for the Reduction of the Audit Fee Should Be Disclosed In 2019, the audit fee was around NTD 9 million more than the audit fee from 2018, which is an increase of around 16%. This is mainly due to the acquisition of new subsidiaries that generate audit fees. Information of CPA Change None. UMC’s Chairman, Presidents, Chief Financial Officer, and Managers in Charge of Its Finance and Accounting Operations Did Not Hold Any Positions in UMC’s Independent Auditing Firm or Its Affiliates in the Most Recent Year. 97 Corporate Governance Report Change in Shareholding of Directors, Managers and Major Shareholders Who Own 10% or More of UMC Shares Title Name Chairman, CSO Stan Hung Director Director Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Independent Director Cheng-Li Huang Independent Director Independent Director Wenyi Chu Lih J. Chen Independent Director Jyuo-Min Shyu Director Director President President Chung Laung Liu Ting-Yu Lin SC Chien Jason Wang Executive Vice President Ming Hsu Senior Vice President Oliver Chang Senior Vice President, CFO Chitung Liu Senior Vice President, General Counsel Lucas S Chang Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President TS Wu C C Hsu M C Lai G C Hung Wenchi Ting Jerry CJ Hu Y S Shen Steven S Liu SR Sheu M L Liao Holding Increase (Decrease) 2020 Pledged Holding Increase (Decrease) Unit: Shares 2019 Pledged Holding Increase (Decrease) Holding Increase (Decrease) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,800,000 3,600,000 1,290,000 0 0 0 0 0 0 0 0 0 0 0 0 N/A N/A 900,000 300,000 710,000 0 0 0 0 0 900,000 450,000 900,000 750,000 440,000 900,000 300,000 0 900,000 0 0 0 0 0 0 0 98 United Microelectronics Corporation | Annual Report 2019 Change in Shareholding of Directors, Managers and Major Shareholders Who Own 10% or More of UMC Shares (Continue) Title Name Vice President Vice President Vice President, Chief Human Resources Officer S S Hong Francia Hsu Eric Chen Associate Vice President Johnson Liu Associate Vice President Victor Chuang Associate Vice President Chuck Chen Associate Vice President S F Tzou Associate Vice President Le Tien Jung Associate Vice President Yau Kae Sheu Associate Vice President J Y Wu Associate Vice President Osbert Cheng Associate Vice President Steven Hsu Associate Vice President Purakh Raj Verma Associate Vice President Yanan Mou Associate Vice President Associate Vice President C Y Hsu Remi Yu Associate Vice President Michael CY Wang Associate Vice President Ji Fu Kung Associate Vice President C P Yen Associate Vice President Mindy Lin Associate Vice President Pang Min Wang Former Associate Vice President T W Liu Former Associate Vice President Chih Chong Wang Holding Increase (Decrease) 2020 Pledged Holding Increase (Decrease) Unit: Shares 2019 Pledged Holding Increase (Decrease) Holding Increase (Decrease) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N/A N/A N/A N/A 650,000 680,000 650,000 0 240,000 240,000 600,000 600,000 600,000 600,000 600,000 600,000 0 0 0 120,000 0 600,000 600,000 600,000 240,000 0 90,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Note 1: No shareholder owns 10% or more of UMC shares. Note 2: The data presented for 2020 was gathered until January 31, 2020. Note 3: Counterparts of the shareholding transferred or pledged are not related parties. Note 4: The shares changes for Oliver Chang, Victor Chuang, Chuck Chen, Yanan Mou, Remi Yu and Michael CY Wang are calculated starting from the assumed date. Note 5: The shares changes for T W Liu and Chih Chong Wang are reported up until their resignation. Note 6: The Holding Increase (Decrease) data consists of shares under Trust with Discretion Reserved. 99 Corporate Governance Report Relationship Among the Top Ten Shareholders Name Shares Held Shares Held by Spouse or Underage Children Total Shares Held in the Name of Other Persons Shares % Shares % Shares % Remarks Relationship Between the Company’s TopTen Shareholders Who Are Either Related Parties, Spouses, or Relatives Within the Second Degree of Kinship, His/ Her/Its Title (or Name) and Relationship Title (or Name) Relationships JPMorgan Chase Bank, N.A. acting in its capacity as depositary and representative to the holders of ADRs 695,338,445 5.93 N/A N/A N/A N/A None None Hsun Chieh Investment Co., Ltd. 441, 3 7 1 ,000 3.76 N/A N/A N/A N/A Representative: Ping Kun Hung 0 0 0 0 0 0 None None None None Nan Shan Life Insurance Company, Ltd. 317,538,000 2.71 N/A N/A N/A N/A None None Representative: Ying Tsung Tu Data unavailable Silicon Integrated Systems Corp. 285,380,424 2.43 N/A N/A N/A N/A 1,858 0.00 0 0 0 0 None None None None Representative: Cheng Chien Chien Silchester International Investors International Value Equity Trust 280,293,000 2.39 N/A N/A N/A N/A None None Yann Yuan Investment Co., Ltd. 200,000,000 1 .7 1 N/A N/A N/A N/A None None Representative: Wen Ching Lin Data unavailable Prudential Assurance Company Ltd. 1 8 8 ,525,000 1 .61 N/A N/A N/A N/A 1 6 9 , 727,682 1 . 45 N/A N/A N/A N/A None None None None Dimensional Emerging Markets Value Fund JPMorgan Chase Bank N.A. Taipei Branch in custody for Vanguard Total International Stock Index Fund, a series of Vanguard Star Funds Silchester International Investors International Value Equity Group Trust 1 6 1 , 801,905 1 . 38 N/A N/A N/A N/A None None 1 4 3 , 946,000 1 . 2 3 N/A N/A N/A N/A None None Note: The data shown above was recorded on July 22, 2019, which was the record date for the distribution of 2019 cash dividend. 100 United Microelectronics Corporation | Annual Report 2019 Shares Held by the Company, Directors, Managers and Companies Directly or Indirectly Controlled by the Company, and the Comprehensive Shareholding Ratio Based on Combined Calculation Investee Companies UMC Shares Held by Directors, Managers and Companies Directly or Indirectly Controlled by the Company Comprehensive Shareholding Number of Shares Percentage of Ownership (%) Number of Shares Percentage of Ownership (%) Number of Shares Percentage of Ownership (%) UMC Group (USA) 16,437,500 United Microelectronics (Europe) B.V. 9,000 UMC Capital Corp. TLC Capital Co., Ltd. Green Earth Limited Fortune Venture Capital Corp. 7 1,662,97 7 397,956,300 977,000,000 401,734,448 100.00 100.00 100.00 100.00 100.00 100.00 UMC Investment (Samoa) Limited 1 ,520,000 100.00 MTIC Holdings Pte. Ltd. 1 2,000,000 45.44 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16,437,500 9,000 7 1,662,97 7 397,956,300 977,000,000 401,734,448 100.00 100.00 100.00 100.00 100.00 100.00 1 ,520,000 100.00 1 2,000,000 NexPower Technology Corp. 33,998,269 47.7 5 32,668, 0 1 3 45.88 66,666,282 Unitech Capital Inc. 21 ,000,000 42.00 2,500,000 5.00 23,500,000 Hsun Chieh Investment Co., Ltd. 277,280,380 Best Elite International Limited 664,966, 2 7 5 36.49 100.00 0 0 0 0 277,280,380 664,966, 2 7 5 Wavetek Microelectronics Corporation 14 4,948,118 79.83 3,705,414 2.04 1 4 8 ,653, 532 UMC Group Japan UMC Korea Co., Ltd. Omni Global Limited 1,000 1 1 0,000 4,300,000 100.00 100.00 100.00 0 0 0 0 0 0 1,000 1 1 0,000 4,300,000 United Semiconductor (Xiamen) Co., Ltd. 0 0 N/A 65.22 N/A Faraday Technology Corporation 34,240, 2 1 3 1 3.78 102,973 0.04 34,343, 1 86 Yann Yuan Investment Co., Ltd. 46,000,000 30.87 Sino Paragon Limited 2,600,000 100.00 Triknight Capital Corporation 237,000,000 United Semiconductor Japan Co., Ltd. 116,246,616 40.00 100.00 0 0 0 0 0 0 0 0 46,000,000 2,600,000 237,000,000 116,246,616 Note 1: The investee companies are the investees under equity method and funds. Note 2: The number of shares is based on the actual number of shares held on December 31, 2019. 45.44 93.63 4 7.00 36.49 100.00 81 . 8 7 100.00 100.00 100.00 65.22 1 3.82 30.87 100.00 40.00 100.00 101 Corporate Governance Report 102 United Microelectronics Corporation | Annual Report 2019 Issuance of Corporate Bonds Capital Overview 104 Capital and Shares 109 1 1 5 Preferred Shares 1 1 6 American Depositary Receipts 1 1 8 Employee Stock Option Handling Status 1 1 8 Issuance of New Restricted Employee Shares 1 1 8 Status of New Shares Issuance in Connection with Mergers and Acquisitions 1 1 8 Financing Plans and Execution Status 103 Capital Overview Capital and Shares Source of Capital Month/Year Issue Price (Per Share) Shares (In Thousand) Authorized Capital Amount (In Thousand NTD) Paid-in Capital Shares (In Thousand) Amount (In Thousand NTD) Source of Capital Capital Increased by Assets Other than Cash Remarks Other March, 2019 NTD 10 26,000,000 260,000,000 12,124,319 121,243,187 July, 2019 NTD 10 26,000,000 260,000,000 11,724,319 117,243,187 Note 1 Note 2 - - - - Note 1: On March 21, 2019, the Hsinchu Science Park Bureau, Ministry of Science and Technology approved the capital reduction of NTD 3,000,000 thousand due to cancellation of treasury shares. The Company’s paid-in capital was decreased to NTD 121,243,187 thousand. Note 2: On July 8, 2019, the Hsinchu Science Park Bureau, Ministry of Science and Technology approved the capital reduction of NTD 4,000,000 thousand due to cancellation of treasury shares. The Company’s paid-in capital was decreased to NTD 117,243,187 thousand. Note 3: The data shown above was gathered until February 26, 2020. Type of Stock Share Type Issued Shares(Note 1) Un-Issued Shares Total Shares Authorized Capital Common Stock 11,724,318,715 14,275,681,285 26,000,000,000 Note 1: The Company’s issued shares are listed stock. Note 2: The data shown above was gathered until February 26, 2020. Unit: Shares Allotment for Stock Option Certificate (Units) 2,000,000,000 Information for Shelf Registration Not Applicable. Status of Shareholders Common Shares Item Number of Shareholders Shareh0lding (Shares) Government Agencies Financial Institutions Other Juridical Persons Natural Persons Foreign Institutions and Natural Persons Total 15 59 725 520,631 1,579 523,009 161,934,388 806,451,345 1,327,982,228 3,416,733,132 6,011,217,622 11,724,318,715 Percentage (%) 1.38 6.88 11.33 29.14 51.27 100.00 Note: The data shown above was recorded on July 22, 2019, which was the record date for the distribution of 2019 cash dividend. 104 United Microelectronics Corporation | Annual Report 2019 Capital and Shares (Continue) Shareholding Distribution Status Common Shares Class of Shareholding (Unit: Shares) Number of Shareholders 1~ 1,000~ 5,001~ 10,001~ 15,001~ 20,001~ 30,001~ 50,001~ 100,001~ 200,001~ 400,001~ 600,001~ 800,001~ Total 999 5,000 10,000 15,000 20,000 30,000 50,000 100,000 200,000 400,000 600,000 800,000 1,000,000 Over 1,000,001 191,993 217,981 54,459 20,046 11 ,201 10,678 7,657 4,898 2,086 909 272 140 91 598 523,009 Shareholding (Shares) 58,329,906 506,223, 1 7 4 405,300,074 246,151 ,792 200,466,954 263,008,540 298,595, 2 5 1 342 ,512, 92 1 288,376,568 249,166,256 134,558,264 96,442,978 81,549,522 8,553,636, 5 1 5 11,724,318, 7 1 5 Note: The data shown above was recorded on July 22, 2019, which was the record date for the distribution of 2019 cash dividend. Preferred Shares None. List of Major Shareholders Shareholder's Name JPMorgan Chase Bank, N.A. acting in its capacity as depositary and representative to the holders of ADRs Hsun Chieh Investment Co., Ltd. Nan Shan Life Insurance Company, Ltd. Silicon Integrated Systems Corp. Silchester International Investors International Value Equity Trust   Yann Yuan Investment Co., Ltd. Prudential Assurance Company Ltd. Dimensional Emerging Markets Value Fund JPMorgan Chase Bank N.A., Taipei Branch in custody for Vanguard Total International Stock Index Fund, a series of Vanguard Star Funds Shares 695,338,445 441,371,000 317,538,000 285,380,424 280,293,000 200,000,000 188 ,525,000 169,727,682 1 6 1 ,801,905 Silchester International Investors International Value Equity Group Trust 1 43,946,000 Note: The data shown above was recorded on July 22, 2019, which was the record date for the distribution of 2019 cash dividend. Percentage (%) 0.50 4.32 3.46 2.10 1.71 2.24 2.55 2.92 2.46 2.12 1.15 0.82 0.69 72.96 100.00 Shareholding Percentage (%) 5.93 3.76 2.7 1 2.43 2.39 1.7 1 1.61 1.45 1.38 1.23 105 Capital Overview Capital and Shares (Continue) Market Price, Net Worth, Earnings, and Dividends Per Common Share In NTD Item Market Price Per Share (Note 1) Highest Lowest Average Net Worth Per Share Before Distribution After Distribution Earnings Per Share Weighted Average Shares (shares) Dividends Per Share Earnings Per Share (Note 2) Earnings Per Share (Note 3) Cash Dividends Stock Dividends Earning Distribution Capital Distribution Accumulated Undistributed Dividend Return on Investment Price/Earnings Ratio (Note 4) Price/Dividend Ratio (Note 5) Cash Dividend Yield (Note 6) 2020 (Note 7) 1 7.15 14.15 15.98 - - - - - - - - - - - - 2019 17.05 10.55 13.63 17.61 * 2018 18.65 10.40 14.92 17.28 16.70 11,785,108,150 12,103,879,632 0.82 * * * * - 16.24 * * 0.58 0.58 0.58989396 - - - 25.83 25.39 0.04 *Subject to change based on resolutions of the 2020 shareholders’ meeting. Note 1: Referred to TWSE website. Note 2: EPS calculation was based on weighted average shares outstanding for the year. Note 3: EPS calculation was based on retroactive adjustment for capitalization of unappropriated earnings, additional paid-in capital and employees’ compensation - stock. Note 4: Price/Earnings Ratio = Average Market Price/Earnings Per Share. Note 5: Price/Dividend Ratio = Average Market Price/Cash Dividends Per Share. Note 6: Cash Dividend Yield = Cash Dividends Per Share/Average Market Price. Note 7: The data represented for 2020 was gathered until February 26, 2020. Note 8: The average closing prices for years 2018, 2019 and 2020 were NTD 14.98, NTD 13.32, and NTD 16.04, respectively. 106 United Microelectronics Corporation | Annual Report 2019 Capital and Shares (Continue) Dividend Policy and Status Dividend Policy in Company’s Articles of Incorporation funding requirements, domestic and overseas competitive According to the Company’s Articles of Incorporation, current landscape and its capital expenditure forecast, as well as year’s earning, if any, shall be distributed in the following shareholders’ interest, balancing dividends and UMC’s long- order: 1. Payment of taxes. term financial planning. The Board of Directors shall propose the distribution plan and submit it to the shareholders’ 2. Making up for loss in preceding years. meeting every year. The distribution of shareholders 3. Setting aside 10% for legal reserve, except for when dividend shall be allocated as cash dividend in the range of accumulated legal reserve has reached the Company’s 20% to 100%, and stock dividend in the range of 0% to 80%. paid-in capital. 4. Appropriating or reversing special reserve by government Proposed Distribution of Dividend officials or other regulations. The Company’s proposal for 2019 earnings distribution was 5. The remaining, plus the previous year’s unappropriated passed during the 14th board meeting of the 14th term. This earnings, shall be distributed according to the distribution proposal, a cash dividend of NTD 9,765,154,720 from retained plan proposed by the Board of Directors according to earnings (NTD 0.75 per share), will be discussed at the Annual the dividend policy in paragraph two of this clause and General Meeting. submitted to the shareholders’ meeting for approval. The dividend policy of the Company shall be determined pursuant to factors such as the investment environment, its Effect of Share Dividends to Operating Performance and EPS Not applicable. 107 Capital Overview Capital and Shares (Continue) Employees’ and Directors’ Compensation Related Information of Employees’ and Directors’ earned. The Board of Directors estimates the amount by Compensation in the Company’s Articles of Incorporation taking into consideration the Articles of Incorporation, Employees’ and Directors’ Compensation Policy in the government regulations and industry averages. If the Board Company’s Articles of Incorporation is as follows: of Directors resolves to distribute employee compensation The Company shall allocate no less than 5% of profit as through stock, the number of stock distributed is calculated employees’ compensation and no more than 0.1% of profit as based on total employee compensation divided by the closing directors’ compensation for each profitable fiscal year after price of the day before the Board of Directors meeting. If offsetting any cumulative losses. the Board of Directors subsequently modifies the estimates The aforementioned employees’ compensation will be significantly, the Company will recognize the change as an distributed in shares or cash. The employees of the Company’s adjustment in the profit or loss in the subsequent period. subsidiaries who fulfill specific requirements stipulated by Information relevant to the aforementioned employees and the Board of Directors may be granted such compensation. directors’ compensation can be obtained from the “Market Directors may only receive compensation in cash. Observation Post System” on the website of the TWSE. The Company may, by a resolution adopted by a majority vote at a meeting of the Board of Directors attended by The Distributable Compensation for Employees and two-thirds of the total number of directors, distribute the Directors Passed during the Board Meeting. aforementioned employees’ and directors’ compensation The Company’s 2019 distributable compensation for and report to the shareholders’ meeting for such distribution. employees and directors was passed during the 13th board meeting of the 14th term. The distribution status is as The Basis for Estimating the Amount of Employees follows: and Directors’ Compensation, the Basis for Calculating The Company is to distribute NTD 1,132,952,365 as employee the Number of Shares to be Distributed as Employees’ cash compensation and NTD 10,258,577 as directors’ Compensation, and the Accounting Treatment of the compensation. Discrepancy between the Actual Distributed and the There is no difference between the amount passed during the Estimated Amount. Board meeting and the recognized amount during 2019 of the The Company recognizes the employees and directors’ aforementioned employees’ and directors’ compensation. compensation in the profit or loss during the periods when The Amount of Employees’ Compensation Distributed in Stocks, and such Amount as a Percentage of the Sum of Net Income Stated in the Parent Company Only Financial Reports and Total Employees’ Compensation: None. Distribution of Employees and Directors’ Compensation for 2018: In Thousand NTD Item Board Resolution (March 6, 2019) Employees’ compensation distributed in Cash Directors’ compensation 1,400,835 7,624 Note: The actual distribution of employees and directors’ compensation for 2018 were consistent with the resolutions of the Board of Directors meeting held on March 6, 2019. 108 United Microelectronics Corporation | Annual Report 2019 Issuance of Corporate Bonds Name of Bond Issue date Denomination Listing and trading Issue price Total amount Coupon rate Tenor and maturity date Guarantor Trustee Underwriter Transferring, paying or conversion agent Legal counsel Independent auditor Repayment Outstanding amount Redemption clause Restrictive clause United Microelectronics Corporation 4th Round of Unsecured Straight Bonds June 7, 2012 NTD 1 million Taipei Exchange NTD 1 million NTD 10,000 million; 5-year bond for NTD 7,500 million and 7-year bond for NTD 2,500 million Fixed rate; 1.43% p.a. and 1.63% p.a. for 5-year and 7-year bonds, respectively 5-year bond: June 7, 2017 7-year bond: June 7, 2019 None Taiwan Cooperative Bank None None Chen & Lin Attorneys-at-Law Ernst & Young, Taiwan The principal of 5-year and 7-year bonds will be repaid respectively in June 2017 and June 2019 upon maturity. Interest will be paid annually for both 5-year and 7-year bonds. None (Note) None None Name of credit rating agency, rating date and result of rating Taiwan Ratings Corporation May 14, 2012 twAA Other rights of bondholders Dilution ef fec t or other adverse impac t on existing shareholders’ equity, if conversion, exchange, or subscription rights are attached Custodian None None None Note: NTD 7,500 million for the 5-year bond was repaid on June 7, 2017. NTD 2,500 million for the 7-year bond was repaid on June 7, 2019. Buyback of Treasury Stock (1) Completed Share Buyback Programs Instance Purpose Buyback period Price range (NTD) Classification and executed volume(Shares) Executed amount(NTD) Ratio of executed volume to the volume to be repurchased (%) Cancellation and transfer volume(Shares) Cumulative holding(Shares) Cumulative holding as a percentage of total issued shares(%) Note: The data shown above was gathered until February 26, 2020. (2) Uncompleted Share Buyback Programs: None. 20th round 19th round For cancellation 2019.04.25~2019.06.24 8.40~18.10 For cancellation 2018.11.06~2019.01.05 7.55~20.80 200,000,000 Common shares 300,000,000 Common shares 2,641,387,106 100 3,349,946,428 100 200,000,000 300,000,000 0 0 0 0 109 Capital Overview Issuance of Corporate Bonds (Continue) Name of Bond Issue date Denomination Listing and trading Issue price Total amount Coupon rate Tenor and maturity date Guarantor Trustee Underwriter Transferring, paying or conversion agent Legal counsel Independent auditor Repayment Outstanding amount Redemption clause Restrictive clause United Microelectronics Corporation 1st Unsecured Straight Corporate Bond Issuance in 2013 March 15, 2013 NTD 1 million Taipei Exchange NTD 1 million NTD 10,000 million; 5-year bond for NTD 7,500 million and 7-year bond for NTD 2,500 million Fixed rate; 1.35% p.a. and 1.50% p.a. for 5-year and 7-year bonds, respectively 5-year bond: March 15, 2018 7-year bond: March 15, 2020 None Taiwan Cooperative Bank None None Chen & Lin Attorneys-at-Law Ernst & Young, Taiwan The principal of 5-year and 7-year bonds will be repaid respectively in March 2018 and March 2020 upon maturity. Interest will be paid annually for both 5-year and 7-year bonds. NTD 2,500 million for the 7-year bond (Note) None None Name of credit rating agency, rating date and result of rating Taiwan Ratings Corporation November 30, 2012 twAA Other rights of bondholders Dilution ef fec t or other adverse impac t on existing shareholders’ equity, if conversion, exchange, or subscription rights are attached Custodian None None None Note: NTD 7,500 million for the 5-year bond was repaid on March 15, 2018. 110 United Microelectronics Corporation | Annual Report 2019 Issuance of Corporate Bonds (Continue) Name of Bond Issue date Denomination Listing and trading Issue price Total amount Coupon rate Tenor and maturity date Guarantor Trustee Underwriter Transferring, paying or conversion agent Legal counsel Independent auditor Repayment Outstanding amount Redemption clause Restrictive clause United Microelectronics Corporation 1st Unsecured Straight Corporate Bond Issuance in 2014 June 18, 2014 NTD 1 million Taipei Exchange NTD 1 million NTD 5,000 million; 7-year bond for NTD 2,000 million and 10-year bond for NTD 3,000 million Fixed rate; 1.70% p.a. and 1.95% p.a. for 7-year and 10-year bonds, respectively 7-year bond: June 18, 2021 10-year bond: June 18, 2024 None Taiwan Cooperative Bank None None Chen & Lin Attorneys-at-Law Ernst & Young, Taiwan The principal of 7-year and 10-year bonds will be repaid respectively in June 2021 and June 2024 upon maturity. Interest will be paid annually for both 7-year and 10-year bonds. NTD 5,000 million None None Name of credit rating agency, rating date and result of rating Not applicable Other rights of bondholders Dilution ef fec t or other adverse impac t on existing shareholders’ equity, if conversion, exchange, or subscription rights are attached Custodian None None None 111 Capital Overview Issuance of Corporate Bonds (Continue) Name of Bond Issue date Denomination Listing and trading Issue price Total amount Coupon rate Tenor and maturity date Guarantor Trustee Underwriter United Microelectronics Corporation 1st Unsecured Straight Corporate Bond Issuance in 2017 March 24, 2017 NTD 1 million Taipei Exchange NTD 1 million NTD 8,300 million; 5-year bond for NTD 6,200 million and 7-year bond for NTD 2,100 million Fixed rate; 1.15% p.a. and 1.43% p.a. for 5-year and 7-year bonds, respectively 5-year bond: March 24, 2022 7-year bond: March 24, 2024 None CTBC Bank Co., Ltd. MasterLink Securities Corp. as the lead underwriter Transferring, paying or conversion agent None Legal counsel Independent auditor Repayment Outstanding amount Redemption clause Restrictive clause Chen & Lin Attorneys-at-Law Ernst & Young, Taiwan The principal of 5-year and 7-year bonds will be repaid respectively in March 2022 and March 2024 upon maturity. Interest will be paid annually for both 5-year and 7-year bonds. NTD 8,300 million None None Name of credit rating agency, rating date and result of rating Not applicable Other rights of bondholders Dilution ef fec t or other adverse impac t on existing shareholders’ equity, if conversion, exchange, or subscription rights are attached Custodian None None None 112 United Microelectronics Corporation | Annual Report 2019 Issuance of Corporate Bonds (Continue) Name of Bond Issue date Denomination Listing and trading Issue price Total amount Coupon rate Tenor and maturity date Guarantor Trustee Underwriter United Microelectronics Corporation 2nd Unsecured Straight Corporate Bond Issuance in 2017 October 3, 2017 NTD 1 million Taipei Exchange NTD 1 million NTD 5,400 million; 5-year bond for NTD 2,000 million and 7-year bond for NTD 3,400 million Fixed rate; 0.94% p.a. and 1.13% p.a. for 5-year and 7-year bonds, respectively 5-year bond: October 3, 2022 7-year bond: October 3, 2024 None CTBC Bank Co., Ltd. MasterLink Securities Corp. as the lead underwriter Transferring, paying or conversion agent None Legal counsel Independent auditor Repayment Outstanding amount Redemption clause Restrictive clause Chen & Lin Attorneys-at-Law Ernst & Young, Taiwan The principal of 5-year and 7-year bonds will be repaid respectively in October 2022 and October 2024 upon maturity. Interest will be paid annually for both 5-year and 7-year bonds. NTD 5,400 million None None Name of credit rating agency, rating date and result of rating Not applicable Other rights of bondholders Dilution ef fec t or other adverse impac t on existing shareholders’ equity, if conversion, exchange, or subscription rights are attached Custodian None None None 113 Capital Overview Issuance of Corporate Bonds (Continue) Type Issue date Face amount Listing exchange Issue amount Issue size Coupon rate Maturity Guarantor Trustee Underwriter Legal counsel Auditor Redemption Currency Linked Zero Coupon Convertible Bonds due 2020 May 18, 2015 USD 200,000 Singapore Exchange Securities Trading Limited USD 200,000 USD 600,000,000 0% 5 years; May 18, 2020 - Citicorp International Limited Credit Suisse(Hong Kong)Limited, Morgan Stanley Service Pty Limited, The Hong Kong and Shanghai Banking Corporation Limited. Chen & Lin Attorneys-at-law Ernst & Young, Taiwan Unless previously redeemed, converted, or repurchased and canceled, the Company will redeem the Bonds at the principal amount of the Bonds with an interest calculated (calculated semiannually) at the rate of -0.25% per annum on the maturity date (the Redemption Amount). The Redemption amount will be converted into NTD based in the Fixed Exchange Rate, and this fixed NTD amount will be converted using the Prevailing Rate for payment in USD. Principal payable USD 573,600,000 as of February 26, 2020 Redemption or early redemption clause 114 (a) The Company will, at the option of bondholder, redeem such holder’s Bonds in whole or in part at the principal amount of the Bonds with an interest calculated (calculated semiannually) at the rate of -0.25% per annum on the date which is 3 years from the date of issue. The actual rates per annum are decided according to market conditions by the Company and joint underwriters overseas together on the pricing date. (b) Bondholders have the right to require the Company to redeem the bonds, in whole but not in part, at the principal amount of the Bonds with an interest calculated (calculated semiannually) at the rate of -0.25% per annum (Early Redemption Amount) if the Company’s common shares cease to be listed on the Taiwan Stock Exchange. The actual rates per annum are decided according to market conditions by the Company and joint underwriters overseas together on the pricing date. (c) In the event that a change of control (as defined in the indenture of the bonds) occurs to the Company, the bondholders shall have the right to require the Company to redeem the bonds, in whole but not in part, at the Early Redemption Amount. (d) The Redemption procedures of the exercise of the put right by the Bondholder and repurchase by the Company are all set in the Indenture. The Redemption Amount and The Early Redemption Amount will be paid in cash by the Company on the payment date set in the Indenture. (e) The Company may redeem the bonds, in whole or in part, after 3 years of the issuance and prior to the maturity date, at the Early Redemption Amount if the closing price of the Company’s common shares on the Taiwan Stock Exchange, for a period of 20 out of 30 consecutive trading days, is at least 125% of the conversion price. (f) The Company may redeem the bonds, in whole, but not in part, at the Early Redemption Amount if at least 90% in principal amount of the bonds has already been redeemed, repurchased and cancelled or converted. (g) The Company may redeem all, but not part, of the bonds, at the Early Redemption Amount at any time, in the event of certain changes in the ROC’s tax rules which would require the Company to gross up for payments of principal, or to gross up for payments of interest or premium. Bondholders may elect not to have their bonds redeemed by the Company in such event, in which case the bondholders shall not be entitled to receive payments of such additional amounts. The Redemption Amount/The Early Redemption Amount will be converted into NTD based on the Fixed Exchange Rate, and this fixed NTD amount will be converted using the Prevailing Rate for payment in USD. United Microelectronics Corporation | Annual Report 2019 Issuance of Corporate Bonds (Continue) Type Covenant Name of credit rating agency, rating date and result of rating Other obligation Balance of amount converted to (exchangeable or warrant) shares, ADSs, or other types of securities as of the Annual Report Printing Date Policy of issuing or converting (exchangeable or warrant) Effect on the current shareholders due to dilution Currency Linked Zero Coupon Convertible Bonds due 2020 - - - The bondholders may from June 28, 2015 to May 8, 2020 covert the bonds into the Company’s common shares as a substitute for the issuer’s cash redemption. In addition, the bondholders will not be able to effect conversion into common shares during any closed period. The underlying conversion for ECB is newly issued shares. If the ECB is fully converted, the dilution ratio to original shareholders is 8.63%. The impact to the dilution is minimal. Name of custodian Citibank, N.A., London Branch Exchangeable Bonds Information None. Euro Convertible Bonds Information Type Item Year 2020 Currency Linked Zero Coupon Convertible Bonds due 2020 2019 2018 2017 2016 2015 2015.05.18 (Issue Date) Convertible Price NTD 14.2179 NTD 14.2179 NTD 14.8157 NTD 15.4320 NTD 15.9895 NTD 16.7408 NTD 17.50 Market Price High Low USD 121.726 USD 121.802 USD 124.583 USD 114.894 USD 95.625 USD 100.864 USD 107.981 USD 95.185 USD 95.662 USD 92.255 USD 88.052 USD 87.579 Average USD 115.616 USD 101.385 USD 110.480 USD 104.396 USD 92.453 USD 93.145 - - - Issue Date May 18, 2015 Reference Shares Common shares Note: The date presented for 2020 was gathered until February 26, 2020 Shelf Registration for Issuing Bonds None. Corporate Bonds with Warrants None. Preferred Shares None. 115 Capital Overview American Depositary Receipts Issue Date 2008.09.19 2007.10.09 2006.11.06 2006.09.01 2005.09.01 2005.01.20 2004.11.16 Listing Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange Issue Amount Stock dividend Capital Reduction USD 108.2 million Stock dividend Stock dividend USD 84.2 million USD 76.3 million Listing Price/Unit - - USD 3.05 - - USD 3.33 USD 3.47 Issue Units 9,885,719 -95,425,183 35,456,000 2,831,465 25,833,137 25,290,000 22,000,000 Underlying Representing Shares UMC common shares UMC common shares UMC common shares UMC common shares UMC common shares UMC common shares UMC common shares Number of Equivalent Local Shares per ADS Rights and Obligations of ADS Holders 5 shares 5 shares 5 shares 5 shares 5 shares 5 shares 5 shares Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder Trustee N/A N/A N/A N/A N/A N/A N/A Depositary Bank Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Custodian Bank Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Outstanding Balance (Units) The total outstanding balance is 137,725,632 units. Issuing Expenses and Maintenance Fees Except for IPO and dividends, the issuing expense will be borne by the selling shareholders. The maintenance fees will be borne by the Company. - Important Terms and Conditions of Depositary Agreement and Custodian Agreement - - - - - - Note 1: The data shown above was gathered until February 26, 2020. Note 2: On October 21, 2009, the depositary bank was changed to JPMorgan Chase Bank, N.A., and the custodian bank was changed to JPMorgan Chase Bank, N.A. Taipei Branch. American Depositary Receipt Trading Data Closing Price per Share (USD) High 2.81 Low 2.42 2020 Average 2.63 High 2.80 Low 1.69 2019 Average 2.11 Note: The data represented for 2020 was gathered until February 26, 2020. 116 United Microelectronics Corporation | Annual Report 2019 American Depositary Receipts (Continue) 2004.08.19 2004.01.02 2003.12.23 2003.08.15 2002.09.09 2002.03.19 2001.08.17 2000.09.19 New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange New York Stock Exchange Stock dividend USD 13.8 million USD 24.4 million Stock dividend Stock dividend USD 439.7 million Stock dividend USD 1,291.5 million - USD 4.92 USD 4.75 - - USD 9.25 - USD 14.35 15,088,684 2,804,000 5,146,000 6,965,107 22,655,667 47,537,780 13,500,000 90,000,000 UMC common shares UMC common shares UMC common shares UMC common shares UMC common shares UMC common shares UMC common shares UMC common shares 5 shares 5 shares 5 shares 5 shares 5 shares 5 shares 5 shares 5 shares Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder Same as the common shareholder N/A N/A N/A N/A N/A N/A N/A N/A Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch Citibank, N.A. Taipei Branch - - - - - - - - 117 Capital Overview Employee Stock Option Handling Status The processing situation and impact on shareholders’ rights from employee stock options that have not matured yet: None. Issuance of New Restricted Employee Shares The Company did not issue Restricted Stock Awards during 2019 and as of the Annual Report Printing Date. Status of New Shares Issuance in Connection with Mergers and Acquisitions The Company has not completed any merger or acquisition of another corporation to issue new shares according to the Company Act or Enterprises Mergers and Acquisition Act, nor has the Board of Directors approved any merger or acquisition of another corporation to issue new shares according to the Company Act or Enterprises Mergers and Acquisition Act during 2019 and as of the Annual Report Printing Date. Financing Plans and Execution Status Not Applicable. 118 United Microelectronics Corporation | Annual Report 2019 Operations Overview 120 Business Activities 127 Overview of Market, Production, and Sales 133 Employees 134 Environmental Expenditure Information 134 Labor Relations 138 Major Contracts 119 Operations Overview Business Activities Business Scope UMC provides wafer fabrication services through state-of- voltage, integrated bipolar/CMOS/depleted CMOS, MEMS the-art manufacturing processes and produces chips for sensor and mixed-signal/RF CMOS. UMC strives to provide various applications within the IC industry. The Company comprehensive services, delivering customized platforms to provides logic and mixed-signal process technologies from 0.5 meet the system-on-chip (SoC) needs of different customers. micron to 14nm. UMC continuously introduces competitive process technologies and complete solutions to enable chips In 2019, revenue contribution from UMC’s wafer fabrication to be designed according to specific customer requirements. accounted for the vast majority of the Company’s total sales Customers can select different processes according to their revenue, with the remainder generated from new R&D product application, such as embedded memory, high ventures and manufacturing of solar energy. Industry Overview Current Status and Development of the Semiconductor or increase capacity due to cost vs. benefit considerations. Industry Instead, they have increased the proportion of wafer The development of electronic products has been trending manufacturing to foundry outsourcing. Some makers of towards enhanced functionality, light weight, energy system products have also designed ICs (such as cellphone saving and carbon reduction. The incorporation of artificial chips) by themselves and outsourced to wafer foundry. These intelligence (AI) concepts, deep learning and voice control in industrial trends all have a positive impact on the sustainable recent years has also affected the direction of chip design. development of the professional wafer foundry industry. Therefore, the complexity of chip designs has significantly For 2019, worldwide semiconductor revenue declined 12.9% increased due to the considerations of functional integration, due to the U.S. - China Trade War, and demand saturation for performance enhancement, and low power consumption. PC and smart phone, etc. The worldwide memory industry In addition, in response to the constant miniaturization of declined over 30%, due to over-capacity, inventory correction semiconductor fabrication processes and cost considerations, and demand weakness. Non-memory semiconductor development is heading towards larger diameter wafers. declined 3%, while worldwide foundry business showed This trend has caused the entry barrier into semiconductor a slight decline. The applications of IoT, automotive fabrication process technology to continuously increase, and electronics, AR/VR and artificial intelligence have created a the investment has also been growing exponentially. major forward catalyst for the semiconductor market, which With the constantly rising entry barriers of various is going to be the primary driving force for the future growth semiconductor sectors from design, fabrication, packaging, of the semiconductor industry. and test, it is extremely difficult for semiconductor Summarizing the views from all major forecast agencies, companies to have total control over every single sector. continuous and steady growth of domestic and international Under the considerations of professional division of labor economies can be expected in 2020, due to steady demand and production efficiency, the semiconductor industry’s increase from 5G, AI, IoT and automotive electronics, and move towards a vertical division of labor system is becoming a rebound of the memory industry; however, the global more and more obvious. The development cost of advanced economy and semiconductor market will also be negatively process technologies and the capital expenditure of new impacted by COVID-19. The worldwide semiconductor market tools and equipment have risen significantly, such that the is expected to grow more than 7%, the non-memory segment industrial structure of professional division of labor has should grow around 5%, and foundry revenue should grow been formed. This phenomenon and the effect on the overall around 5%. However, there are still some uncertainties which environment has resulted in many existing Integrated Device could affect future economic development. The most crucial Manufacturers (IDMs) to announce that they will no longer keys are how the industry will navigate U.S. President Donald actively invest in the development of advanced processes Trump’s economic decisions and the U.S. - China Trade War, 120 United Microelectronics Corporation | Annual Report 2019 Industry Overview (Continue) the slowdown of economic growth in China, conflicts in The Development Trend and Competition of Electronic End regional politics, decisions by the US Fed, degrees of inflation Products in various countries, and international energy price trends. Conventional electronic products can be divided into four Therefore, all major global wafer foundries should be prudent categories: Computer, Communication, Consumer, and with their capital expenditures when expanding production Automotive. Electronic products have been developed capacity. The impact of COVID-19 to semiconductor and towards compact size and light weight, low power foundry in 2020 is great and crucial. consumption, interconnection, artificial intelligence, and Within this context, UMC is cautiously expanding capacity deep learning. For example, notebooks and tablets can while also increasing its 12-inch wafer foundry footprint operate longer, and cellphones can be wirelessly connected by acquiring 100% of Mie Fujitsu Semiconductor Limited to notebooks and tablets. In addition, the greatly enhanced (MIFS), to make MIFS a wholly-owned subsidiary. The name bandwidth of broadband networks has contributed to the was changed to United Semiconductor Japan Co., Ltd. (USJC), development of networked and smart TVs. By linking all and technology is mainly from 90nm to 40nm. UMC has also things via the access, delivery, and processing of information dedicated R&D resources to advanced manufacturing and to form a large network, many breakthrough applications specialty process technologies to continuously differentiate and enormous business opportunities in the fields of smart itself, thus enhancing the Company’s competitiveness home, health care system, and urban facilities become through better product mix that will help strengthen available. Looking towards the future, the key technologies profitability. of smartphones, wearable electronics, AR/VR, autonomous/ electrical vehicle, AI/deep learning, voice control products, Correlation Among Upstream, Midstream, and Downstream and IoT will be constantly adopted and commercialized. Industries As such, professional wafer fabrication services should The semiconductor industrial chain can be divided into IC complete corresponding process development and silicon design, mask, wafer fabrication, testing and packaging. IC intellectual properties as soon as possible in order to meet design is mainly the design according to the specifications the needs of different customers of products resulting from and applications required by end products. Different IC chips the Internet of Things (IoT) generation. and products will have emphasis on different characteristics, thus leading to different process requirements. Therefore, professional wafer foundries must provide the most current technical design support services and adequate silicon intellectual property (IP) as early as possible, and continuously optimize process technology to help IC design customers in their chip development. In the end, testing and packaging companies will perform IC packaging and pre- shipment testing to ensure customer chips are meeting their respective design specifications. 121 Operations Overview Overview of Technology and R&D R&D Expenses for the Past 5 Years In Thousand NTD 2019 2018 2017 2016 2015 Operating Revenues 148,201,641 151,252,571 149,284,706 147,870,124 144,830,421 Research and Development Expenses 11,860,244 13,025,139 13,669,589 13,532,356 12,174,824 Research and Development Expenses as a Percentage of Operating Revenues 8.00% 8.61% 9.16% 9.15% 8.41% Note : The R&D expense for 2020 was calculated up until the publication date of February 26, 2020, which amounted to NTD 1,764,946 thousand. Technologies or Products Successfully Developed within the Past 5 Years Year 2015 2016 2017 R&D Achievements ‧ Successful development of 14nm FinFET device with performance reaching leading industry levels. ‧ Successful development of 28nm HPC+ (High Performance Compact Plus) process technology, which can provide lower leakage current and power consumption. It has been incorporated into customer pilot production. ‧ Successful development of 55nm embedded flash memory technology, which has been qualified by product verification and has entered mass production. ‧ Successful development of TSV (Through-Silicon Via) for mass production, which can drive the outstanding performance of customer GPU products. ‧ Successful development of 28HPCU process technology, which was provided to an IP provider to introduce a 12.5 Gbps SerDes PHY IP programmable design solution for high speed I/O. ‧ Successful development of 40nm embedded charge trap (eCT) flash memory, which was provided to customers for mass production of MCU products. ‧ Successful development of 55nm ultra-low power (55ULP) process, which was provided to an IP provider to introduce PowerSlashTM fundamental IP solutions to meet the long-term battery life-time requirements of wireless IoT products. ‧ Successful development of a customized 14nm FinFET process technology, which entered mass production for customer ICs. UMC’s 14nm wafer yields reached industry competitive levels, with products delivered to the Company’s primary customer. ‧ Successful pilot production of 28HPCU+ process technology for customers to meet the demand for faster chips with better power saving features. ‧ Introduced a 40nm non-volatile memory technology platform, which incorporated Silicon Storage Technology’s (SST’s) embedded SuperFlash® non-volatile memory that features low power consumption, high reliability, outstanding data retention, and high durability, which can be used for automobile, industry, consumer products, and IoT applications. 2018 ‧ Successful development of 22nm ultra-low power (ULP)/ultra-low leakage (ULL) HK/MG process to provide customers chips with faster speed, better cost efficiency and improved power saving to meet future demands from IoT, automotive electronics, industrial electronics, and various wearable products applications. ‧ 14nm FinFET customized process has entered mass production. In addition, UMC developed a new 14nm FinFET platform process (14FFC), with yield for the 128Mb SRAM on this process having reached industry competitive levels. 14FFC also passed process and product reliability verification to officially enter the pilot production stage for customer chips. ‧ UMC partnered with the leader in next generation STT-MRAM, USA-based Avalanche, to jointly develop and produce eMRAM. 2019 ‧ 14nm FinFET Plus customized process has entered mass production. In addition, UMC developed a new 14nm FinFET platform compact process (14FFC), with yield for the 128Mb SRAM on this process having reached industry competitive levels. 14FFC also passed process and product reliability verification to officially enter the pilot production stage for customer chips. ‧ 40nm ReRAM was co-developed with Panasonic and is already at risk production stage. This high performance ReRAM is fully compatible with UMC’s CMOS logic process. 122 United Microelectronics Corporation | Annual Report 2019 Overview of Technology and R&D (Continue) UMC’s R&D team has always been dedicated to promoting UMC’s 14FFC platform and have entered the pilot production the development of advanced process technology. With the stage, with cooperation with other customers ongoing. adherence to the belief of “Customer’s Demand Comes First,” UMC’s 14FFC is expected to be ready for customer mass the Company has been providing pure-play wafer foundry production in 2020. solutions to meet market trends and customer needs, which include world-class technology, customer support services, Embedded MRAM and state-of-the-art manufacturing. With the expansion of For future market demands related to advanced IoT, UMC’s Tainan Science Park site, the Company continues to automotive electronics, wearable products, and cloud recruit and train a large number of R&D talent. In 2019, UMC applications, conventional embedded non-volatile flash continued to significantly invest in R&D resources with total memory based on eFlash is gradually showing an imbalance annual R&D expense reaching NTD 11.86 billion, which has between cost and performance. In light of this, UMC invested led to fruitful R&D achievements in advanced and specialty in the R&D of eMRAM in 2018. For this R&D plan, UMC plans technologies. to verify a macro test chip in 2020 and expects that this technology can be incorporated into its 22nm platform in 22nm ultra-low power/ultra-low leakage Process Technology 2021 for potential customers. UMC has developed its 22nm process technology and 28nm high performance compact low power process technology platform (HPCU+). With the same number of mask layers and compatible design criteria as 28nm, the performance of ReRAM ReRAM is a novel NVM with a simple structure, low operation voltage, low read current, fast program/erase speed and very 22nm process technology has been enhanced by 10%, power good reliability. The ReRAM process is fully logic compatible consumption has been reduced by 20%, and area has been with fewer add-on masks and low extra cost. UMC started to reduced by 10%. Therefore, the cost competitiveness of 22nm co-develop ReRAM with Panasonic in 2017 and was already in technology has been greatly improved to provide customers risk production in 2019. UMC plans to make this novel NVM with more process options. 22nm ultra-low power/ultra- technology widely available. low leakage technologies are suitable for IoT, automotive electronics, industrial applications, and various wearable Display Driver IC Process Technology products that utilize analog, mixed signal, RF, and other relevant technologies. The introduction of 22nm by UMC has maximized the value of the Company’s 28nm process, with IP verification from 28nm directly converting to 22nm being relatively easy due to the use of compatible design specifications. UMC’s 22nm process has been introduced to customers and has completed pilot production. Mass production is expected in 2020. 14nm Process Technology The Display Driver IC market has demonstrated potential for rapid growth and possibilities in numerous applications, including smartphone, portable phone/PDA, computer screen, touch screen, Tablet PC, e-book, TV, digital camera, on-board screen, and wearable display. UMC’s High Voltage Technology has led the development of various voltages to meet the specifications requirements of various application markets. UMC was the first in the foundry industry to introduce a 40nm High Voltage Process, and mass production has been achieved for high-end LCD Display and UMC reached the mass production milestone for its high-end OLED Display markets. Meanwhile, the 28nm High customized 14nm FinFET process in early 2017, and the Voltage Platform has entered pilot production. In addition, competitiveness of device performance and yield has UMC has begun developing a 22nm High Voltage Platform to reached leading industry standards. In 2019, UMC’s other provide smaller SRAM with higher capacity in order to meet 14nm project (14FFC FinFET process platform) was completed the demand of the 2K/4K high-end display market. and has a 50% performance improvement and double the gate density compared to 28nm. 128Mb SRAM yield reached Power Management Process Technology mass production quality levels for product yield and has passed process and product reliability verification. Currently several customers have already designed products using As for the demands for various power management applications (PMIC), UMC’s super high voltage (5V and 30V in coordination with 300V, 500V or 700V) processes have 123 Operations Overview Overview of Technology and R&D (Continue) entered the mass production stage. This technology is embedded flash technology. In addition to the successful suitable for special applications such as power charger, LED mass production of 0.18um and 0.11um technologies, 55nm bulb, power amplifier, AC/DC converter, and motor driver embedded flash memory has successfully entered the mass and can meet industry demand for higher voltage and production stage. The MCU products equipped with 40nm reduce the energy consumption during voltage conversion embedded charge trap (eCT) flash memory is also in mass in order to save energy. As for customers with demands for production, and the 40nm technology platform with SST highly integrated power management, UMC can provide a (Silicon Storage Technology) embedded SuperFlash® non- complete silicon IP platform compatible with the standard volatile memory has entered small volume pilot production logic process, and various 0.5, 0.35, 0.25, 0.18, 0.11 micron in order to provide customers with better performance and and 55nm process technologies that integrate world-class, higher density memory. UMC has begun developing a 28nm third generation low conduction resistance/high sustained SST embedded SuperFlash® non-volatile memory platform voltage (5V~200V) devices that can be used for cell phone, and researching new materials for flash memory such as Tablet PC, appliance, vehicle applications, etc. UMC has ReRAM in order to meet customer demands for higher also begun developing a BCD+NVM technology platform, specifications. Embedded flash memory is embedded on and adopted a 12-inch 55nm copper process for PMIC as a UMC’s logic technology platform, such that the silicon IP on complete SoC solution for energy-saving demands. all logic technology platforms can support the SoC design of our customers to further enhance industry competitiveness. CMOS Image Sensor (CIS), MEMS, and RFSOI Technologies For CMOS image sensor technology development, UMC’s Mixed Signal/RF Foundry Design Kit 65nm process has been verified to enter the mass production Foundry design kits can provide IC design houses with an stage. Other new processes, such as back-illuminated sensor automated design environment to eliminate unnecessary (BIS) and 55nm CIS process technologies, have entered the human manipulation to ensure the success of their chip verification stage. This technology is expected to provide design. UMC’s complete mixed signal/RF design flows for higher sensing resolution to meet product upgrade different processes cover both the frontend and backend requirements. With the rising popularity of MEMS sensor of RF IC Design, which can provide channels to obtain the applications, the demand for CMOS-MEMS pure-play foundry design and simulation of circuit level, circuit layout, layout service has also increased. For UMC’s MEMS microphone verification, and precise RF device mode. In the frontend process platform, in 2019, several customers taped out flow, UMC’s fundamental devices of its mixed signal/RF multiple new products using UMC’s MEMS microphone process are executed using a general design environment reference process, and the volume continued to grow steadily. and simulation tools. In the backend flow, it covers The second generation of CMOS-MEMS gas sensors has also parameterized cell (P Cell), including image-oriented layout, entered the verification phase. Regarding RFSOI process in order to provide an automated and complete design flow. technology, its unique substrate characteristics can prevent Meanwhile, a callback function is provided during the design high-frequency signal harmonic frequency distortion and flow to reduce the data input. Design houses can enhance reduce power loss. At present, UMC’s 0.13um and 0.11um the productivity and reduce the risk of error via this flow. processes have been widely adopted by smart phones for UMC has worked with EDA vendors to provide its customers mass production. UMC also started to develop 90nm and with a parameterized spiral inductor design kit based on 55nm RFSOI technology platforms to catch subsequent full-wave simulation – VIL (Virtual Inductor Library). VIL can growth momentum. Non-Volatile Flash Memory allow RF CMOS design houses to create and simulate the customized inductors compatible with UMC’s process. VIL is established based on UMC’s EMDM (Electromagnetic Design UMC has always been dedicated to providing customers with Methodology) such that engineers can easily and precisely complete SoC solutions, among which the non-volatile flash create any RF structure. EMDM allows design houses to have memory device is the essential device for most applications. more flexibility to create new geometric modes via editing Auto chips, MCU applications and consumer products such parameters such as diameter, turn, width, and track pitch. as touch control applications all require the support of 124 United Microelectronics Corporation | Annual Report 2019 Overview of Technology and R&D (Continue) In addition, UMC’s foundry design kit provides the Optimum successfully and mass produced products using UMC’s I/O Inductor Finder (OIF). OIF allows design houses to quickly and library on 110, 90, 65, 55, 40, and 28nm processes. UMC also precisely create a large amount of calibrated inductor design provides customized embedded flash memory (eFlash) IP on libraries with respect to UMC’s process. Meanwhile, OIF various process generations according to customer needs also allows users to use software to execute the optimized and has successfully helped customers with quick market inductor via several simple steps. For example, customers entry for their products. In addition to UMC making IPs, the can define desired inductance coefficients to reach the Company has also established partnerships with industry- balance between quality factor and area. OIF can select a leading IP vendors in order to provide physical library, non- design that best fits the specifications from the inductor volatile memory IPs, and diversified analog/mixed signal design library within the shortest amount of time. IPs that support industrial standard interfaces (such as USB, Silicon IP Support DDR, and HDMI). This year UMC has extended its long-term IP cooperation with all leading IP vendors to 22nm and 14nm Along with the design trends toward more precise deep processes in order to provide customers with a competitive sub-micron generation processes and increasing design design support environment. complexity, foundry can no longer only focus on process yield improvement, but must also help customers shorten Intellectual Property their design flow and reduce design cost. In terms of library Facing increasing technological competition, UMC has design kits, UMC strengthens its design support capability significantly strengthened patent filings to protect by constantly providing optimized library design kits closely intellectual property in addition to greatly enhancing integrated with the Company’s process technology in order technological capabilities in critical fields. Following the to help designers accelerate the completion of their chip Company’s operation and development planning, UMC’s design. From mature to advanced process technologies to IP division has formulated strategies and plans for the specialty processes, UMC can provide complete Standard protection and development of intellectual property to Cell, I/O and customized libraries to meet customers’ chip promote the steady growth of the number of patent rights. design needs. In terms of logic process, UMC’s standard Status on the implementations is reported to the board of cell library for advanced processes can provide devices of directors at least once a year. The Company was granted a various operating and threshold voltages (Vt). Along with total of 515 domestic and foreign patents in 2019, 345 of which low power library kits, they can meet various customer are US patents, 94 ROC patents, and 76 China patents. The needs for design flexibility and high performance/low total accumulated number of UMC’s patents is 13,507, which power applications. UMC’s I/O library has an extremely small can provide a thorough and strong IP foundation for UMC’s area, and it is qualified through a stringent Electrostatic technologies. To keep this competitive edge, UMC has greatly Discharge (ESD) test to help customers design competitive increased the quality and quantity of critical technology products that can pass the ESD test with voltage as high patents in order further strengthen customer service and as 4kV. So far, numerous customers have taped-out competitiveness while helping them to create profits. 125 Operations Overview Long-Term and Short-Term Business Plans UMC is committed to delivering comprehensive wafer fabs which are for sale, and will evaluate the possibility fabrication solutions to its customers based on cooperation to acquire it, because acquiring an existing fab is more with partners in the entire supply chain, including suppliers effective to meet UMC growth strategy -- to expand cost- of equipment, automated electronic design tools, wafer effective capacity for competitiveness. design service, silicon IP, and packaging and testing. The Company provides customers with verified reference Facing market requirements for continuously advancing flows, broad silicon IP combinations, free design cell library semiconductor technology, in addition to UMC’s own databases, and diversified options for packaging and testing. technology R&D, the Company will work with strategic With advanced process technologies and world-class 12-inch partners and supply chain vendors to jointly develop 3D wafer fabrication technology, UMC can assure accelerated chip integration technologies. UMC will also continue time-to-market for its customers’ SoC designs. raising environmental protection awareness and care for Short-Term Objectives UMC’s short-term objectives are to expand the production capacity of 8-inch and 12-inch specialty technologies and advanced processes, enhance capacity utilization rate, and strengthen profitability. Currently, UMC owns four 12-inch fabs. In addition to the mass production of 14nm products, UMC’s r ich technology plat for ms at var ious process nodes and diversified specialty technologies can meet all requirements of primary market applications. At the same time, we continue to conduct structural productivity enhancements and manufacturing capacity optimization of 8-inch and 12-inch fabs to embrace new opportunities and improve revenue. Medium-to-Long-Term Objectives Advanced and specialty process technology R&D and investment has always been a primary focus of UMC. The advanced processes equipment procurement will be managed more efficiently, and all important R&D work will be implemented according to plan. UMC will work to reduce expenditures and enhance operational efficiency to effectively control costs, while providing customized advanced and specialty process technology platforms to meet customers’ needs. UMC’s capital expenditure for 2020 is expected to be approximately USD 1 billion. In order to expand business scale, UMC is looking for existing the environment. In addition to establishing a low carbon supply chain, UMC is dedicated to the support of various environmental protection activities and the promotion of environmental protection education. Outstanding UMC Achievements in 2019 • UMC led the industry by implementing the “2018 Climate Change Program” as its highest guiding principle. • UMC earned its first “Green Chemical Application and Innovation Award”. • UMC was among the highest ranked in “Corporate Governance Evaluation” for the 5th consecutive year. • UMC was named as a “FTSE4 Good Index Series Constituent” for the second consecutive year. • UMC was selected as a “DJSI Global Component” for 12th consecutive year. • UMC received final approval for 100% acquisition of Mie Fujitsu Semiconductor. • UMC earned its first “National Enterprise Environmental Protection Gold Award”. • UMC was named as 2019 “Taiwan Enterprise Sustainability Platinum Award” for the second consecutive year. • UMC earned the “2019 Energy Saving Gold Award by Ministry of Economic Affairs”. • UMC was awarded with “Corporate Continuous Improvement Activity” honors for the 16th consecutive year. 126 United Microelectronics Corporation | Annual Report 2019 Overview of Market, Production, and Sales Market Analysis Primary Product Sales Regions Niche of Competition UMC’s products have been well recognized by its important • There has been prosperous development of IC design customers covering all global regions. The sales regions of houses in China in recent years. Geographical proximity, the Company’s products are mainly Asia Pacific and North similar culture, the acquisition of HJTC, and the operation America, which account for 57% and 32% of UMC’s total sales of a 12-inch fab in Xiamen have all helped UMC to take revenues, respectively. Europe and Japan accounted for 11% advantage of the China’s IC industry growth. In order to of total sales revenues. In the future, UMC will continue to expand capacity globally, UMC acquired 100% of Mie strengthen its cooperation with world-class customers in all Fujitsu Semiconductor Limited (MIFS), to make MIFS a regions and focus on the development of high-end products wholly-owned subsidiary. It has been renamed as United for customers in order to ensure consistent medium and Semiconductor Japan Co., Ltd. (USJC), and mainly utilizes long-term company growth. Market Share 90nm to 40nm technology. All of these have all helped UMC gain a good position in the global semiconductor market and increase market share. It has also enabled UMC is a world leading semiconductor wafer foundry. The UMC to conduct integration of products, orders, and total revenue of the global pure-play wafer foundry market process technologies in response to customers’ needs in 2019 was approximately USD 62.2 billion. According to in order to pursue the relative competitive advantages the estimation by market survey institution Gartner, UMC of China’s market expansion and operational scale; it is has a 7.9% share of the pure-play wafer foundry market, and expected that UMC can benefit from the rapid growth in its main competitors are TSMC, Globalfoundries and SMIC. this regional market. In 2019, the total operating income of these four companies • UMC is optimistic about the demand for high-end accounted for 84.0% of the total pure-play wafer foundry chips in the future market of mobile communication market. and computation; thus proper and cautious capital expenditure to promote the R&D of related processes Future Supply-Demand Status and Market Growth and the establishment of advanced production capacity • According to the market survey of Semiconductor Industry has been conducted. The Company has also actively Association (SIA), the total sales revenue of the deployed its specialty technology solutions, such as high semiconductor industry in 2019 was close to USD 418.3 billion, voltage, embedded flash memory, advanced packaging, which has declined by 12.9% from 2018. The semiconductor RFSOI, etc., to continue working with leading customers sales revenue in 2020 is expected to rebound with over 7% to pursue more flagship products. UMC is committed to growth. providing sufficient production capacity and to establish • According to the market survey of Semiconductor Industry an open technical platform with our back-end packaging Association (SIA), the sales revenue breakdown of the and testing partners to provide proper services. semiconductor industry by area in 2019 was as follows: • The overall structure of Taiwan’s semiconductor industry China led with 34%, followed by North America at 22%, is complete, exhibiting world-leading competitiveness Europe at 9.2%, Japan at 8.5%, and Asia others (excluded in terms of both operational efficiency and cost. Taiwan’s China, Japan) totaling 26.3%. semiconductor industry competitiveness combined with • Looking forward to the driving force behind pure-play UMC’s technical edge results in a positive multiplier effect foundry market growth, the growth momentum of fabless for the company. design companies typically outpaces the semiconductor industry, and IDMs have adopted or raised the ratio of wafer fabrication outsourcing to save costs and reduce market risk. Both of these factors have contributed to the high growth of the pure-play wafer foundry market; thus the performance of the pure-play wafer foundry industry is expected to be better than the overall semiconductor industry. 127 Operations Overview Overview of Market, Production, and Sales (Continue) Favorable Factors for Development Outlook • UMC developed an advanced 28nm eHV (embedded Considering the continuous growth of the IC industry, High-Voltage) process, and mass-produced AMOLED the ideal position of pure-play wafer foundry, and the display driver ICs successfully. Compared to previous- company’s competitiveness, the favorable factors of long- generation technology, Display drivers designed using term company development are summarized as follows: 28nm eHV could improve power efficiency of smart • Under the trend of IC design and fabrication vertical phone screens. Looking forward, the rising demand of division of labor, there has been prosperous development 5G smart phones is expected to bring considerable of the pure-play wafer foundry market and rapid growth revenue growth. of global demand for pure-play wafer foundry services. • UMC developed advanced 28nm technology, including • IDMs have adopted the strategy of outsourcing to wafer Poly-SiON and high-K metal gate processes, which foundry, thus contributing to the growth of the pure-play have already been mass-produced successfully for wafer foundry market. many logic/RF products. Besides these, an automotive- • Forming strategic alliances with major international grade process was also qualified and related IP is companies to acquire long-term stable orders. ready, with many customers designing-in now. • A strong management team, advanced process R&D, • UMC’s 22nm technology process provides customers and superior business development capability can result further advantage for cost-saving and improved device in outstanding operational performance. efficiency. The process design kit has been released to • UMC is one of the most active companies in the foundry customers; we expect this process will extend our long- industry in developing 12-inch wafer fab manufacturing term competiveness. capabilities, owning a 12-inch fab in the Tainan Science • UMC’s 14nm (FinFET) process technology already Park, one in Singapore, and another in Xiamen, China, successfully entered mass production for customer and the latest one in Japan. As for the future investment chips in early 2017. The yield for shipments to primary in 12-inch fabs, the production capacity will be further customers has reached industry competitive levels for expanded according to customer needs and market this highly advanced process. Being one of the few application trends. foundries in the world to achieve 14 nm production • In response to the ongoing trends of electronic products, c a p a b i l i t i e s , U M C h a s f u l l y d e m o n s t r a t e d t h e UMC has developed specialty technologies including advantages of 14 nm FinFET in terms of ef ficiency, embedded memory, mixed signal, RF, MEMS sensor, p o w e r, an d gate d e ns i t y in o rd e r to dr i ve n e x t and high voltage to meet customer demand for process generation ICs in the fields of communication, AI, technologies and to establish a leading position for UMC and various consumer products. UMC’s 14nm FinFET technology development. is 55% faster with twice the gate density of 28nm, while • UMC has established the most powerful IoT specialized power consumption is reduced by around 50%. platform solution in the industry and provided an • UMC developed a mmWave process technology -- ranging ultra-low-power (ULP) process with extremely low from 55nm to 40nm ultra low power, and a 28nm high current leakage design suitable for all kinds of hybrid performance/low power platform. We are developing process technologies. IoT chip designers can integrate 22nm ultra low power/ultra low leakage process various process schematics to the customized platform technology, which of fers customers more choices based on UMC’s low power consumption technology for their produc t planning, to meet reliable, low in order to meet the specific requirements to enter power and cost-effective requirements. the IoT and wearable electronic device markets. 128 United Microelectronics Corporation | Annual Report 2019 Overview of Market, Production, and Sales (Continue) • UMC RFSOI technology is based on a CMOS process to • Among political economic tension between international meet cost effective and strict technology requirements society, countries sanction competing countries for for the smart phone market. The RFSOI technology their market expansion and technology development. platform provides RF N-gate/P-gate MOS and scalable This impacts the company’s investment and operation advanced RF modeling to precisely predict the circuit activities. The U.S.-China trade war was caused by a characteristics of the process. High-density and high- long-term trade deficit between U.S. and China, and voltage MIM, scalable inductor and high-precision U.S. concerns about infringement of intellectual property resistors will provide our customers with the best design rights and business secrets. T his trade war is not and cost advantage. expected to conclude in the near future and will even • The process platform of 40nm integrated with Silicon become a long-term confrontation. Intervention includes Storage Technology (SST) embedded SuperF lash® tariffs, closed sales, policy intervention and government non-volatile memory is 20 % smaller than the mass s u b s i d y, e t c . T h e i m p a c t s t o U M C , i n c l u d i n g a production 55nm unit, and the total memory area has tariff barrier between the U.S. and China will lower been reduced by 20-30%. There have been more than 20 semiconductor demand of the U.S., China and even customers and products manufactured at all stages worldwide, with customers reducing orders and a based on UMC’s 55nm SST embedded f lash memory weakening global semiconductor market. U.S. regulation process, including SIM card, financial transaction, to stop foreign shipments of products containing U.S. automobile, IoT, MCU, and other product applications. technology to China’s companies will possibly impact • The MEMS gas f low sensor process platform jointly UMC’s shipment to China’s customers. High-tech material developed by UMC and one of its customers is in export bans bring uncertainty to our production and successful mass production and has been provided to time-to-delivery. end customers in various fields, including medical products and automobile gas flow sensors. Currently the Countermeasures customer has successfully sent samples to major mobile • Continuous cost saving and efficiency enhancements phone makers to be tested. to effectively reduce costs, and cautiously and effectively • UMC has provided Through Silicon Via (TSV) 2.5D/3D IC ex panding the produc t ion capac it y of advanced technology to customers requiring advanced packaging processes; strengthening the competitive edge of the technology under the environment of an open supply company by increasing the ratio and product mix chain cooperative development. With top-notch TSV towards high-end processes. and front-end wafer processes provided by foundry fabs, • Ex panding the foot pr int of 12-inch fabs through highly innovative mid-to-back-end 3D IC stacking, and investment participation and strategic alliances to packaging and testing from back-end service providers, reduce the time, risk, and cost of construction of new a complementar y and complete plat for m can be fabs and to serve local markets. formed to provide a reliable 2.5D/3D IC solution for the • Diversification of customer area and products can semiconductor market. lower the impact of the trade war. Besides existing strong business from China and the U.S., UMC plans to Unfavorable Factors for Development Outlook expand more business from Europe, Japan, Korea, etc. • Due to the optimism of future long-term annual growth To avoid the uncertainty of originally high growth for semiconductor demand, all major global pure-play business from server, automotive and industrial markets, wafer foundries and China have increased their capital UMC plans to gain more business opportunity from 5G, expenditures for expansion of production capacity based IoT, AI, etc. on a dv an ce d p ro ce ss e s , which c o ul d l ea d to an imbalance of supply and demand in the future market. 129 Operations Overview Overview of Market, Production, and Sales (Continue) • Avoiding blind expansion of production capacity; all investment plans have been carefully evaluated with complete consideration of UMC’s maturity of high-end processes and customer’s production capacity demands at various stages. • In response to the addition of new competitors, UMC cont inues to enhance development of advanced processes, and maintains the existing advantages of stable high yield and complete services. The benefits of these are twofold: UMC can increase its lead against new competitors while also creating differentiation such that UMC can continue to be the best option for its customers. • Providing the most advanced and proper process services w ith resp ec t to IC pro duc t charac ter ist ics in all application fields in order to help customers achieve the goals of lowest cost, high efficiency, and low power consumption. • Strengthening marketing effectiveness and the customer service mechanism in order to continuously improve customer satisfaction. • S t r e n g t h e n i n g t h e d e v e l o p m e n t o f l o n g - t e r m partnerships with customers, providing competitive advanced processes and production capacity, helping customers expand their market share, and growing together with customers in order to seize the opportunity of new growth waves. • Taking countermeasures at all times to respond to constant market variations while facing global recession. Expanding customer bases, improving product mix, and further enhancing the flexibility of production capacity allocation in order to mitigate the impact of periodic demand fluctuation. Important Purposes and Production Processes of Main Products Main Process Technologies and Corresponding Products • CMOS Logic: for fabricating chips that execute logic computing functions, such as programmable gate array, multimedia processor, and application processor chips. • Mixed-Signal: for fabricating chips which can simultaneously process analog/digital mixed signal, such as ICs for broadband access communication and optical storage. • RF CMOS: for fabricating high frequency wireless communication chips, such as ICs for cellphone RF transceiver, Wireless Local Area Network (WLAN) and Bluetooth. • Embedded Memory: for fabricating integrated logic and memory chips for high performance with low power consumption, such as chips for micro-controller, touch controller, and smart card. • High Voltage: for fabricating driver ICs for LCD TV, cellphone, and tablet, e-paper screen driver IC, and power management IC. • CMOS Image Sensor: for fabricating CMOS image sensors used in digital camera, cellphone, and webcam. • MEMS: for making application products such as microphone, inertia sensor, and pressure sensor. • 3D FinFET: for fabricating high performance chips and chips for executing fast logic computation, such as mobile phone baseband processor, application processor, and memory controller. • RFSOI process: for fabricating wireless front-end chips, such as wireless switch, tuner used by mobile phones, WLAN, and wireless base station. Production and Fabrication Process A complete IC chip fabrication process can be divided into five processes, including IC design, mask fabrication, wafer fabrication, packaging, and testing. UMC has been dedicated to the R&D of advanced IC processes and specialty technologies in order to provide customers with technologies, materials, and equipment required by their IC designs. 130 United Microelectronics Corporation | Annual Report 2019 Status of Supply of Primary Raw Material Primary Suppliers Type of Primary Raw Material Silicon Wafer ˙S.E.H. Taiwan (manufacturing sites: US, Japan, Taiwan, and Malaysia) ˙SILTRONIC Singapore (Manufacturing sites: Germany, US, and Singapore) ˙Global Wafers (Manufacturing sites: US, Taiwan, Italy, and Japan) ˙SUMCO Group (Manufacturing sites: Japan and Taiwan) ˙SK Siltron (Manufacturing site: Korea) Market Status of Suppliers Procurement Strategy These five makers are the world’s primary silicon wafer suppliers with production sites in the US, Japan, Germany, and Italy, Korea, Southeast Asia. They can offer steady and high quality silicon wafers. Taiwan, in 1. T he Company has been long-ter m procurement relationships with the world’s primary suppliers in order to ensure the steady access to production material. 2. In recent years the ratio of procurement from local makers has increased, which can reduce the risk of international transportation and procurement costs. 3. The Company will convene a supplier management committee meeting every quarter to evaluate suppliers’ performance in order to adjust the ratio of procurement from these suppliers. Major Suppliers 2019 Name Supplier “ A” Others Net Purchase Amount Percentage of Net Purchase Relation to UMC Amount Percentage of Net Purchase 5 ,67 5 , 7 5 1 35,982,480 41,65 8 , 2 3 1 14 86 100 None 5, 27 7,316 37,620,283 42,897,599 12 88 100 In Thousand NTD 2018 Relation to UMC None Note: As of the Annual Report printing date, if there is any financial data of the publicly listed company (or company with stocks transaction in securities firm’s premises) certified or approved by CPA audit, it should be disclosed: None. Reasons for changes in procurement amount: No major changes. Major Customers Name Amount Customer “A” Others 17,576,293 130,625,348 Operating Revenues 148,201,641 Percentage of Operating Revenues 12 88 100 2019 Relation to UMC Amount None 15,357,470 In Thousand NTD 2018 Relation to UMC None Percentage of Operating Revenues 10 135,895,101 151,252,571 90 100 Note: As of the Annual Report printing date, if there is any financial data of the publicly listed company (or company with stock transactions in securities firm’s premises) certified or approved by CPA audit, it should be disclosed: None. Reasons for changes in sales amount: Due to the increased demand of communication products, the contribution of customer “A” slightly increased. 131 Operations Overview Production Figures Segments Unit Capacity Production Quantity Production Value (In Thousand NTD) Capacity Production Quantity Production Value (In Thousand NTD) 2019 2018 Wafer Fabrication In Thousands of 8-inch Wafer Equivalents New Business Total Sales Figures 8,148 7,229 123,055,291 7,673 7,145 122,845,827 227,873 123,283,164 413,129 123,258,956 Segments Unit Shipments Wafer Fabrication New Business In Thousands of 8-inch Wafer Equivalents Total Note: Net Sales. 2,977 4,212 Domestic Export Domestic Export Domestic Export 2019 Amount (In Thousand NTD) 53,190,058 89,434,961 17,627 26,11 8 53,207,685 89,461,079 Shipments 3,077 4, 0 3 1 Industry Specific Key Performance Indicators KPI Utilization Rate Wafer Sales Contributed from 40nm and below Technologies Target 94.7% 36.5% Actual 88.7% 34.4% 2018 Amount (In Thousand NTD) 54,034,510 88,515,794 82,118 73,581 54,116,628 88,589,375 2019 Difference -6.0ppts -2. 1 ppts 132 United Microelectronics Corporation | Annual Report 2019 Employees Number of Workers Engineer Administrator Clerk Technician Total Average Age Average Age Average Service Years Average Service Years Educational Distribution Ratio (%) Ph.D Master Bachelor/Associate/Diploma High School and Below Note: The data represented for 2020 was gathered until February 26, 2020. 2020 11,206 810 23 7,387 2019 11,328 809 24 7,416 19,426 19,577 2020 37.2 2020 10.7 2020 1.6 27.9 48.1 22.4 2019 37.1 2019 10.5 2019 1.6 28.1 47.6 22.7 2018 11,651 753 31 7,494 19,929 2018 35.4 2018 8.7 2018 1.7 29.4 48.5 20.4 133 Operations Overview Environmental Expenditure Information By the publication date of the 2019 annual report, all audits technology and preventive equipment, totaling NTD 860 on UMC by environmental protection agencies showed million. The monthly pollution prevention expenses and results in compliance with regulatory requirements with no O&M of pollution prevention equipment exceeded NTD 89.5 environmental protection violations or any penalty or loss million, while the monthly waste disposal cost exceeded NTD resulting from environmental pollution. 19 million. Meanwhile, NTD 8.7 million has been spent on UMC has identified environmental risks during the annual environment monitoring to track the overall emission operational process according to the spirit of international of pollutants. In addition, in response to RoHS (Restriction of environmental management system (ISO 14001) standards, Hazardous Substances), around NTD 700,000 has been spent based on which corrective and preventive measures can be on continuous certification of the QC-080000 IECQ HSPM continuously conducted, including equipment hardware system, product inspection, and educational training. improvement, enhancement of personal educational In the future, the Company’s primary environmental protection training, and strengthening of operating system expenditures and items will include: 1. Costs of replacement, management. renewal, and upgrade of existing pollution prevention In 2019, the total environmental protection related equipment; 2. Operational costs of pollution prevention expenditures for all UMC fabs have exceeded NTD 2.27 equipment; 3. Waste disposal costs, and 4. Environmental billion. The environmental related expenditures include monitoring costs. investment in highly efficient pollution prevention Labor Relations UMC has consistently valued employee benefits and welfare, UMC is committed to providing employees with a safe and and has actively cultivated talent, implemented labor laws friendly working environment. Through continuous efforts, and regulations, protected employee rights and interests, UMC has received numerous awards from the Ministry and created a bright and pleasant working environment. of Labor and other organizations for excellence in labor UMC complies with various local laws and regulations, and welfare, labor education, labor relations and human resource strengthens employee awareness to prevent labor disputes. innovation, and the national excellence award for friendly Through channels such as labor-management meetings, workplace. Among these awards, the Special Distinction divisional meetings, forums, suggestion boxes, grievance Award was given by the Hsinchu Science Park Bureau and hotlines staffed by complaint specialists, and communication Southern Taiwan Science Park Bureau for Excellent Workplace management units, the Company has achieved competent Equality. communication and effective problem-solving. At the same time, UMC also won various corporate In addition to effectively maintaining harmonious labor sustainability awards in 2019. For corporate sustainability, relations, UMC respects and promotes international human UMC ranked in the top 5% for corporate self-governance, rights by providing employees with a quality employment and has won the Taiwan Corporate Sustainability Platinum environment. Moreover, in UMC and all its subsidiaries, Award, Ministry of Economic Affairs Energy Saving the management and implementation of labor relations Benchmark Award and National Enterprise Environmental such as employee welfare measures, in-service education, Protection Award. In addition, UMC has been listed on the training and retirement systems are planned and conducted Dow Jones Sustainability Index (DJSI) for 12 consecutive years. in accordance with or above and beyond the requirements From recent years to the publication of this annual report, of law. UMC has also set up in-house physicians to provide UMC has not suffered any loss arising from labor disputes. medical services and quality counseling services for the In view of the abovementioned comprehensive system and physical and mental health needs of employees, thereby diligent management, UMC can continue to effectively avoid promoting harmonious labor relations. labor disputes or losses. 134 United Microelectronics Corporation | Annual Report 2019 Education and Training H i g h - q u a l i t y t a l e n t i s t h e c o r n e r s t o n e o f U M C ’s • Mana gemen t S k i l ls Training: Mana gemen t sk i l ls competitiveness, and comprehensive talent development development is an important task for supervisors at and cultivation are the keys to improving human resource all levels. To this end, UMC provides a series of courses quality. targeting competencies relevant to supervisors, such as UMC’s human resource cultivation policies are tailored management behavior, skills, knowledge and corporate according to the career development needs of employees culture integration. To assist supervisors with achieving in their particular job type and rank. The policies provide cooperation in their work and management, learning systematic training for all employees, such as new employee, resources such as foreman/sectional chief, grassroots technical, management, quality control and language supervisor, middle-level supervisor and senior executive courses. In addition, a wide range of learning resources training courses are conducted. such as online learning courses, on the job training (OJT) • Quality Training: Training courses relevant to UMC quality and in-service training are also offered to provide all policies and quality requirements are conducted, such as employees with a working environment that is conducive knowledge management, proposal improvement, project for continuing development. In 2019, UMC conducted a total management, problem analysis techniques, statistical of 7,733 training sessions totaling 13,740 hours of training, process control and experimental design. with 176,398 participants and total training expenses of NTD • Language Training: Employee language proficiency is 48,335,306. determined through language testing. Training programs The following is a summary of training courses provided by targeting specific learning needs are then provided UMC: accordingly to strengthen employee language skills and • New Employee Orientation: To help new employees workplace competitiveness. quickly adapt to the work environment, orientation • E-Learning: UMC has established a learning webpage for training is provided for new employees to give them employees that integrates all course information, training a basic understanding of semiconductor processes and systems and data enquiries. The online platform enables establish a common language. In addition to basic courses employees to easily access needed information for on company organization, remuneration and benefits, planning and learning without schedule constraints. basic daily necessities and industrial safety, U-Camp • On the Job Training: Each fab has an Training Committee courses on workplace stress management and adopting a to provide training for employees in the various divisions. positive attitude also help new employees understand The training is based on skills required by specific jobs the spirit and values of UMC. To help new employees and professional sk ills assessment to ensure that quickly develop professionalism and an appropriate job e mpl o ye e s have th e r e q ui r e d j ob c o mp e te n c i e s . attitude, they are paired with a mentor to help them Additional training based on individual differences quickly integrate into the corporate culture. is als o prov ide d to improve the qu ali t y o f work . • Technical Training: To help engineers quickly master the The Human Resources Division conducts an annual review o v e r a l l t e c h n o l o g i e s a n d c o n t i n u e t o a d v a n c e of t raining outcome to de ter mine and direc t the technologically, UMC has a comprehensive training operations of the Training Committee in each fab, and blueprint for engineers that is specific to divisional convenes a training outcome meeting so that the fabs can at tr ibutes. T he cur r iculum includes basic courses share their experience. (General to Level 2 courses) and advanced, technology- • In-service Training: UMC provides information on in- specific themed seminars (Level 3 - 4 courses) to enhance s e r v i c e c o ur s e s o f f e r e d b y o u t s i d e c o l l e g e s an d the technical capability of the engineers and develop a universities, promotes educational resources and offers system of internal experts. subsidies for in-service training to encourage employees In addition, to equip employees with multiple skills to develop the professional competencies or management and promote cross-divisional cooperation, UMC began skills required at each stage of their career. promoting inter-divisional training courses in 2008 to • Business Ethics Training: To enhance the behavioral increase the depth and breadth of professional and literacy, professional ethics and professional competence technical training for employees. Furthermore, curriculum of UMC and all its employees, courses on employee content is continuously improved to meet the rapid ethics, insider trading prevention and conflict of interest changes and progress of technology. are conducted within the Company and promoted in the 135 Operations Overview Planning Section of the UMC intranet site. To gain public and company-wide survey of training needs. The projects trust, all employees (including high-level executives and include company-wide, cross-divisional and divisional other managers in the operation team) are expected to training programs. Program implementation is reviewed abide by the ethical spirit of the Company in their daily each quarter, and corrective and improvement measures are tasks and businesses, thereby ensuring the sustainable proposed for unachieved goals to ensure the effectiveness of growth and development of the Company. specific employee training. To ensure effective training direction and implementation, UMC believes that creating a high-quality work and the Human Resources Division develops education and learning environment can increase employee performance training projec ts in the four th quar ter of each year output and retention, and that high-quality employees according to annual company-wide policies, the General who continue to develop are the key foundation to the Manager’s directives for training focus and direction, sustainable development of UMC. Employee Benefits Employee Welfare System UMC believes that employees are the most important assets • Club Recreation: UMC has five major categories of clubs, of the Company, and that a company can continue to develop such as sports, arts and community service. Whether and progress only with appropriate and sufficient talent. To active or more sedentary, employees can choose from a this end, UMC is committed to creating a healthy workplace variety of content. In 2019, UMC had a total of 30 clubs and environment. In addition to providing competitive salaries about 2,347 participants. and dividends, a comprehensive education and training • Accommodation and transportation assistance: UMC system, diverse benefits and a safe and healthy working provides safe and comfortable accommodations for both environment, UMC has also developed a comprehensive d i r e c t l a b o r a n d i n d i r e c t l a b o r. F r e e s c h e d u l e d employee welfare system in accordance with local laws and transportation and shuttle services are also provided for regulations and regional needs. convenient and quick connections. UMC provides a variety of welfare measures as follow: At the same time, the UMC Welfare information platform • Nutritionally balanced and delicious meals: Each fab has was optimized in 2018 with the introduction of the Welfare its independently operated cafeteria and a variety of meal Club APP; through GPS, employees can instantly find options. By combining the cafeteria, cafe and convenience contract stores, thereby further enhancing their after-work store into an integrated dining area, employees can enjoy life. healthy and balanced meals. UMC also holds employee health in high regard, and plans • Fitness Sports Center: UMC operates its own recreation and implements benefits in accordance with or above and center in the Hsinchu science park, and Tainan Fab 12A beyond the requirements of the law. For example, UMC has the UMC Park Activity Center, a multi-purpose sports complies with the Act of Gender Equality in Employment, center gym and the LM Dormitory gym. In addition, other the Regulations for Establishing Measures of Prevention, facilities such as gyms and aerobic classrooms are located C o r r e c t i o n , C o mp lai n t an d P unishm e n t o f S e x u a l in appropriate areas of UMC fabs to reflect the concept of Harassment at Workplace, and regulations for leave such a healthy workplace. as personal, sick, maternity, paternity, menstrual, family • Welfare Events: T he Welfare Commit tee routinely care, marital, bereavement, occupational sickness, annual, organizes events (such as Family Day, art activities, movies, parental and nursing leaves. trips), and in coordination with company celebrations, organizes inter-fab competitions to cultivate team unity. At the same time, other inter-divisional and inter-fab activities are held during holidays to enhance employee work-life balance. 136 In particular, UMC is the first private enterprise in the country to promote a 12-hour rotating shift for its direct labor. Further worth mentioning is the Company’s comprehensive insurance system where from the day of their employment, employees are provided with numerous insurance services. United Microelectronics Corporation | Annual Report 2019 Employee Benefits (Continue) In addition to labor, health and free group insurance (NT 2 activities and education are then organized for employees million group insurance and cancer insurance), the spouse accordingly to give them further knowledge and skills for and children of employees can enjoy life insurance, accident self-managing their health and the health of their families. insurance and group medical insurance, and their parents Furthermore, through occupational safety and health can enjoy accident and medical insurance, thereby freeing project management, UMC's Health Center has installed them of worry and enabling them to work their best for the an internal reporting system for potential occupational company and society. Employee Health UMC has a longstanding commitment to creating a workplace environment that is physically, mentally and spiritually healthy. UMC is convinced that only employees who are physically and mentally healthy can be highly efficient and produce excellent work performance. In addition to assisting employees in all aspects of health management and health promotion, UMC also reaches out to their families in the hope of boosting employee work morale and improving the quality of their work. While valuing the physical condition of employees, UMC also spares no effort in their mental health management. Through a confidential agreement mechanism, employees are also provided with free professional psychological counseling. Moreover, employees and their families are given new health knowledge through online platforms, lectures, conference and publicity materials to help them maintain good physical and mental health. To help employees balance their physical and mental health and that of their families in their busy work life, UMC provides free counseling services to ensure the mental health of employees. Through confidential professional counseling, employees are assisted in addressing their psychological and spiritual issues. In addition, through the Internet, brochures and lectures, employees are given the knowledge and skills for healthy living, thus enabling them to meet the multiple challenges of work and family. In 2019, UMC adopted the “My UMC Health Diary” as the main focus of health promotion activities for each quarter, and integrated occupational safety and health laws such as maternal protection, overwork prevention, human factors engineering and healthy body posture regulations to protect employee health. At the same time, medical checks for employees and hospital check-ups for their families are provided annually. A variety of health promoting chronic injury and disease, with regular hearing inspections and vision care programs to effectively prevent occupational injuries. Moreover, as of 2019, UMC's IT divisions have integrated their existing systems to construct a customized personal Health Care System for employees. In addition to allowing employees to instantly access their health check report and consult with medical staff online, the system increases the daily follow-up rate by the medical care team. In addition to regulatory annual checkups, UMC also offers a variety of preventive screening and health promoting activities such as cancer screening for women (PAP smear, gynecological ultrasound, breast ultrasound), other cancer screening, flu vaccination, abdominal ultrasound and other out-of-pocket items so that employees can choose appropriate health checks according to their needs. Risk control identifies and mitigates risks before they can cause harm, and to minimize the probability of occurrence and degree of damage, the Health Center must naturally assume frontline duty. The above-mentioned health management methods and health promotion activities are intended to ensure that employees sufficiently understand and actively participate in improving their own health condition, so that the purpose of early diagnosis and treatment can be achieved. It is hoped that every employee can support and grow with the Company, and can work together for the sustainable development of UMC. Labor Pension System In terms of labor pension system, UMC allocates the worker’s retirement reserve funds to the Labor Pension Reserve Supervisory Committees in compliance with regulations, and processes the employee labor pension payment in accordance with the Labor Standards Law. Since July 1, 2005, for employees who opt for the retirement system under the Labor Pension Act, 6% of their monthly salary is paid into their individual labor pension account to secure their rights and interests. 137 Operations Overview Major Contracts Supply and Marketing The Company has signed sales and service contracts with the global market. In addition, UMC maintains a long-term the following companies to grasp the current situation of business relationship with major wafer material suppliers. The main supply and sales contracts are as follows: Contract Type Contracted Party Contract Period Key Content Sales UMC Group(USA) Jan. 1, 2019~Dec. 31, 2024 Service United Microelectronics (Europe) B.V. Jan. 1,2018~Dec. 31, 2022 Sales UMC Group Japan Co., Ltd. Jan. 1, 2018~Dec. 31, 2022 Service UMC Korea Co., Ltd. Jan. 1,2019~Dec. 31,2019 Sales and related service for semiconductor products Marketing support service for semiconductor products Sales and related service for semiconductor products Marketing support service for semiconductor products Purchase Shin-Etsu Handotai Taiwan Co., Ltd. Indefinite wafer material supply Restrictive Clause None None None None None Patent and Technology License UMC values and protects intellectual property rights. technology patent holders to ensure that UMC’s customers With nearly 40 years dedication in earning semiconductor are not subject to the risk of wafer process infringement. The patents, UMC has achieved a predominant position in the following are patent licensing contracts received and given semiconductor industry. UMC also enters into patent or by UMC: technology licensing contracts with major semiconductor or Contract Type Contracted Party Contract Period Key Content Restrictive Clause Patent Cross-license International Business Machines Corporation Jun. 25, 2009~Jun. 30, 2029 Technology License International Business Machines Corporation From Jun. 29, 2012 Patent cross-licensing for semiconductor process, semiconductor device and semiconductor design. IBM licensed its 20nm C M O S F i n FE T an d technology to UMC. None None Patent License Conversant Intellectual Property Management Inc. & Conversant IP (Taiwan) Inc. Feb. 8, 2018~Dec. 31, 2021 P a t e n t semiconductor process. l i c e n s e f o r None Patent Cross-license International Business Machines Corporation Jun. 13, 2013~Dec. 30, 2035 Technology License HeJian Technology (Suzhou) Co., Ltd. Jul. 11, 2013~Jul. 10, 2028 Patent cross-license for semiconductor process, semiconductor device and semiconduc tor design. UMC licensed its 0.13um process technology to HeJian Technology (Suzhou) Co., Ltd. None UMC signed and implemented the contract in accordance with the scope approved by the Investment Commission, Ministry of Economic Affairs. Technology License Mie Fujitsu Semiconductor Limited From Aug. 29, 2014 UMC licensed its 40nm process technology to Mie Semiconductor Fujitsu Limited. None 138 United Microelectronics Corporation | Annual Report 2019 Major Contracts (Continue) Contract Type Contracted Party Contract Period Key Content Restrictive Clause Patent Cross- license Avago Technologies General IP Pte. Ltd. Sep. 29, 2019~Dec .31, 2023 Patent License NXP B.V. Sep. 30, 2015~Sep. 29, 2020 Patent cross-license for semiconductor component related patents. license Patent and assignment of right for patent application. None None Patent Cross- license Katana Silicon Technologies, LLC From Nov. 05, 2019 Cross license for specific patents. None Technology License United Semiconductor (Xiamen) Co., Ltd. Dec . 1, 2015~Dec. 31, 2019 UMC licensed its 55/40nm process technology to United Semiconductor (Xiamen) Co., Ltd. Technology License United Semiconductor (Xiamen) Co., Ltd. Ap r. 1 , 20 1 7~Mar. 31, 2022 UMC licensed its 28nm process technology to United Semiconductor (Xiamen) Co., Ltd. Technology License United Semiconductor (Xiamen) Co., Ltd. Nov. 23, 2018~Nov. 22, 2028 UMC licensed its 80/90nm process technology to United Semiconductor (Xiamen) Co., Ltd. UMC signed and implemented the contract in accordance with the scope approved by the Investment Commission, Ministry of Economic Affairs. UMC signed and implemented the contract in accordance with the scope approved by the Investment Commission, Ministry of Economic Affairs. UMC signed and implemented the contract in accordance with the scope approved by the Investment Commission, Ministry of Economic Affairs. Technology Collaboration Contract Type Contracted Party Contract Period Key Content Restrictive Clause Technology Development Fujian Jinhua Integrated Circuit, Co., Ltd. May 13, 2016~May 12, 2021 Collaborative development of DRAM process technology None Construction Contract Type Contracted Party Contract Date Key Content Construction Construction Nomura Micro Science Engineering Co., Ltd., Wholetech System Hitech Limited, Sumitronics Taiwan Co., Ltd., K. J. Filtration Technologies Ltd., Organo Technology Co., Ltd., and Taiyo Nippon Sanso Engineering Taiwan Co., Ltd. and others. Anhui 3S Mechanical and Electrical Engineering Co. Ltd., Nova Technology Corp., L&K Engineering (Suzhou) Co., Ltd., Shanghai Hantech Co. Ltd., Wholetech Group (Shanghai) Trading Co. Ltd. and others. From Jan. 2019 For building the facilities of Fab 12A in the Tainan Science Park, UMC signed construction contracts with the vendors listed in the second column. The total contracted amount exceeded NT$1.4 billion. Restrictive Clause None From Jan. 2019 United Semiconductor (Xiamen) Co., Ltd. None entered into construction contracts with the vendors listed in the second column for building fab facilities. The total contracted amount exceeded US$3.12 million. 139 Operations Overview Review of Financial Position, Operating Results, Risk Management 141 Financial Position 142 Financial Performance 143 Cash Flow 143 Major Capital Expenditures from Recent Years and Impact on Company’s Finance and Business 143 Main Reasons and Improvement Plans for Recent Annual Reinvestment Policies and Profit or Loss, and Investment Plans for the Coming Year 144 Risk Management and Evaluation 153 Other Necessary Supplements 140 United Microelectronics Corporation | Annual Report 2019 Financial Position Current assets Property, plant and equipment Intangible assets Other assets Total assets Current liabilities Non-current liabilities Total liabilities Capital Additional paid-in capital Retained earnings Total equity 2019 1 5 3 , 7 5 7,1 4 1 150,374,096 5 ,198,247 6 0,857,881 370,187,365 72 ,7 14,322 90,258,621 162,972,943 1 1 7, 5 7 5 ,798 39,550,394 60,820,280 2018 1 4 1 ,193,432 172,846,595 2 ,991,804 4 7, 5 7 3,075 364,604,906 49,899,337 108,169,078 158,068,415 124,243,1 8 7 40,399,363 6 1 ,588,543 2 0 7,214 ,422 206,536,491 Analysis of deviation of over 20% between 2019 and 2018: 1. Intangible assets: Due to United Semiconductor Japan Co., Ltd. becoming a subsidiary of the Company this year. 2. Other assets: Due to the Company adopting IFRS 16 this year and recognizing right-of-use assets. 3. Current liabilities: Due to the increase in current portion of long-term liabilities. In Thousand NTD Differences Differences(%) 12,563,709 (22,472,499) 2,206,443 13,284,806 5,582 ,459 22,814,985 ( 17,910,457) 4,904,528 (6,667,389) (848,969) (768,263) 6 7 7,931 9 (13) 74 28 2 46 (17) 3 (5) (2) (1) 0 141 Review of Financial Position, Operating Results, Risk Management Financial Performance Items Years 2019 2018 Differences Differences (%) In Thousand NTD Operating revenues Operating costs Gross profit Operating expenses Net other operating income and expenses Operating income Non-operating income and expenses Income from continuing operations before income tax Income tax benefit (expense) Net income 148,201,641 151,252,57 1 (3,050,930) (126,886,669) (128,412,544) 2 1 ,314,972 (21,807,284) 5,1 82 ,162 4,689,850 1,045,787 5,735,637 393,130 6,128,767 22,840,027 (22,159,679) 5,1 16 ,884 5,797,232 (3,612,833) 2,184,399 458,653 2,643,052 1,525,875 (1,525,055) 352,395 65,278 (1,107,382) 4,658,620 3,551,238 (65,523) 3,485,7 15 (2) (1) (7) (2) 1 (19) (129) 163 (14) 132 Analysis of deviation of over 20% between 2019 and 2018: 1. Non-operating income and expenses Due to an increase in net gain of financial assets and liabilities at fair value through profit or loss and share of profit of associates and joint ventures. 2. Income from continuing operations before income tax Due to an increase in net gain of financial assets and liabilities at fair value through profit or loss caused by stock market volatility and an increase in share of profit of associates and joint ventures. 142 United Microelectronics Corporation | Annual Report 2019 Cash Flow Analysis of Cash Flow for the Year Ended December 31, 2019 Cash at Beginning of Year Net Cash Flow from Operating Activities Net Cash Flow from Investing and Financing Activities Cash at End of Year In Thousand NTD Remedial Measures for Cash Flow Shortfalls Investment Plans Financing Plans 83,661,739 54,904,148 (43,073,410) 95,492,477 - - Note: Net cash flow from investing and financing activities includes the effect of exchange rate changes of NT$(1,524,847). Analysis of Cash Flow 1. Operating activities: Net cash flow from operating activities is mainly from adding back depreciation expense to net income. 2. Investing activities: Net cash flow from investing activities is mainly from acquisition of subsidiary, acquisition of property, plant and equipment and acquisition of intangible assets. 3. Financing activities: Net cash flow from financing activities is mainly from repayments of long-term and short-term loans and bonds, distribution of cash dividends and acquisition of treasury stock, which are partially offset by borrowing long-term loans. 4. Remedial measures for cash flow shortfalls: Not applicable. Analysis of Cash Flow in the Coming Year In Thousand NTD Cash at Beginning of Year Estimated Net Cash Flow from Operating Activities Estimated Net Cash Flow from Investing and Financing Activities Estimated Cash at End of Year Estimated Remedial Measures for Cash Flow Shortfalls Investment Plans Financing Plans 95,492,477 55,581,978 (58,396,603) 92,677,852 - - Major Capital Expenditures from Recent Years and Impact on Company’s Finance and Business Execution Status of Major Capital Expenditures and Sources of Funding In Thousand NTD Operating Segment Project Actual and Expected Sources of Funding Completion Status (Up To 2019) Total Amount (Up To 2019) Capital Expenditures Plan 2019 2018 Wafer Fabrication Production Equipment R&D Equipment Production and R&D Equipment New Business Cash flows generated from operations, bank loans and issuance of bonds Cash flows generated from operations, bank loans and issuance of bonds Cash flows generated from operations and bank loans Completed 34,225,028 15,874,483 18,350,545 Completed 3,106,514 1,867,289 1,239,225 Completed 18,993 18,688 305 Expected Benefit from Capital Expenditures Based on aforementioned capital expenditures, in 2019 the ratio of production capacity from high-end processes of 40nm or below is above 30%, of which the production capacity for high-end 28nm or below has grown by 11% from the previous year. Main Reasons and Improvement Plans for Recent Annual Reinvestment Policies and Profit or Loss, and Investment Plans for the Coming Year China’s domestic market demand for semiconductors now ranks No. 1 in the world, and the Chinese government has recently adopted a multi-pronged approach to support its semiconductor industry. To be more aligned with the market and better meet the needs of IC design companies in China, UMC and its subsidiaries have invested about USD 1.35 billion into United Semiconductor (Xiamen) Co., Ltd. over a period of five years since 2015 in accordance with the projected plan. As of December 31, 2019, a total capital of USD 1.22 billion has been invested into the Company’s Xiamen 12-inch fab for 28-90nm wafer service to pursue further growth of the Company. The Company mitigates risk by building capacity in different countries and also increases its operation efficiency. The Company completed the acquisition of Mie Fujitsu Semiconductor Limited on October 1, 2019 to closely serve the Japanese market. By doing so, the Company attributes its capacity to different production sites and effectively penetrates into Japanese niche markets (automotive and IoT). Moreover, the acquisition can help to elevate the Group’s operational efficiency. UMC’s investment policies are based on long-term strategic investments to match the Company’s operations and development. 143 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation Enterprise Risk Management Policies Through risk management methods and organizations, UMC effectively prevents and controls enterprise risks; comprehensively implements them in daily operations; shapes and deepens risk culture; and establishes transparent and smooth risk communication to maintain steady operations. Enterprise Risk Management Architecture BOD/Chairman Audit Committee Enterprise Risk Management Committee Internal Audit & Control Divisions Under the guidance of the risk management policy, the Enterprise Risk Management Committee coordinates relevant departments of the Company to jointly review the internal and external risks that the Company faces, facilitates risk response measures for company-wide major risks, and reports regularly to the board of directors. It also incorporates internal audit and internal control functions to ensure that the risks associated with operations have been effectively controlled. Risk event impacts and measures include important risks related to environmental, social or corporate governance issues of the company's operations. Future R&D Projects and the Estimated R&D Expenses Estimated annual R&D expenses for the next three years Item/Year R&D expenses Operating revenue (undisclosed financial forecast of the Company) The share of R&D expenses to operating revenue Major R&D Projects in the Future Latest Annual Project Current Progress 2020 Not applicable Not applicable 2021 Not applicable Not applicable 2022 Not applicable Not applicable 7% to 10% 7% to 10% 7% to 10% Time of Mass Production R&D Expenses Which Should Be Invested for the Next Two Years NTD 900 million 2020 Key Success Factors for Future R&D Customer circuit design verification and product yield have been qualified to mass production standards. ultra-low power/ultra-low 22nm leakage technology development by securing strategic customers, determining device specifications and starting new process technology development. The process development to be completed with customer product pilot production starting in 2020. is expected Relevant process development and verification should be conducted according to the project schedule of 28nm HPC+ image signal processor. NTD 400 million 2021 UMC finished 14nm FinFET process platform development and also passed process & product qualification. Currently passed customer product assessment and will enter risk production by 2020. NTD 1.4 billion 2020 Customer circuit design verification and product yield have been qualified to mass production standards. The lead customer has verified UMC’s 14nm FinFET process platform for production. Relevant process development and verification should be the development project schedule for embedded magneto-resistive memory. conducted according to NTD 1.2 billion 2021 Customer’s circuit design verification and product yield have been qualified to mass production standards. Development and verification of 90/55/40/28/22nm specialty technology platform (including HV, CIS, eFlash, RFSOI, etc.) NTD 1.7 billion 2021 to • Cooperating with customers create a win-win situation. • Completing time. • Quality verification is in compliance with customer requirements. verification on IP 22nm process technology 28nm HPC+ image signal processor technology 14nm process technology Embedded magneto- resistive memory Special technology R&D Note: The R&D expenses for the next three years will account for around 60% to 75% of the total annual R&D expenses. 144 United Microelectronics Corporation | Annual Report 2019 Risk Management and Evaluation (Continue) In 2019, UMC has been constantly strengthening its independent R&D capabilities and fabrication; in the future, UMC will continue to be dedicated to the R&D of advanced and specialty processes. The Company will adhere to its R&D strategy to establish independent R&D capabilities and will work with important partners, such as IDMs and Fabless, to develop key process technologies through technology licensing. UMC will also work with suppliers of photomask, packaging, equipment, material, and EDA to speed up the market launch schedule in order to fulfill the Company’s promise to provide customers with R&D of key processes. In terms of independent R&D capabilities, UMC’s focus is on recruitment and cultivation of R&D talent in order to build an outstanding R&D team. The 12-inch R&D production line will continue to be expanded in the R&D Center located in Tainan Science Park with sufficient funds for enriching the overall R&D resources. In 2019, UMC’s R&D led to fruitful achievement. Mass production optimization has been ongoing for 28 nm. The development of a 22 nm ultra- low power/ultra-low leakage shrink process technology can be provided as a planar process technology solution with lower cost and better cost efficiency for customers. UMC is offering a 22ULP (ultra Low Power) version that has compatible design rules and the same mask count as the foundry’s 28nm technology, and also a 22ULL (ultra Low Leakage) version. UMC’s 22ULP and 22ULL form a super set to support a voltage domain from 1.0V to 0.6V, allowing customers to enjoy the benefits of both technologies on system-on-chip (SoC) designs. The 22nm platform is supported by foundation IP and is ideal for a wide variety of semiconductor applications including consumer ICs for set top box, digital TV, surveillance, power or leakage sensitive IoT chips (with Bluetooth or WiFi) and wearable products that require longer battery life. In terms of 14nm process technology, UMC finished 14nm FFC platform development and pass process qualification, which has entered the customer chip mass production stage. UMC’s R&D team will continue with the optimization of 14nm to take the full advantages of the performance, power consumption, and gate density of 14nm FinFET in order to drive next generation Internet, AI, and consumer product applications. For embedded magneto-resistive memory, this year’s scheduled development milestone was completed with high test chip yields. UMC will provide the embedded MRAM macro IP for potential customers on the Company’s 22ULL platform next year. For specialty technologies, UMC has launched the development of “More than Moore” processes and successf ully prov ided comprehensive solutions such as ultra-low power platform (ULP), CMOS image sensor (CIS), MEMS, eFlash, embedded high voltage (eHV), power management IC (PMIC), and RFSOI. In order to control the technology and development schedule to fulfill the promise of customer market launch, UMC will continue with the independent R&D strategy, adhere to a customer-first philosophy and integrate external R&D resources. The Company will also accelerate R&D, expand production capacity and enhance revenue mix of key processes so that higher profits can be created in order to respond to the challenges resulting from constant technology evolvement. The Impacts of Interest Rates, Foreign Exchange Rates and Inflation on Corporate Profitability and Future Countermeasures Interest Rate Fluctuation The bank loans of the Company are floating rate debts. Therefore, changes in market interest rates will result in fluctuations in future cash flows. Based on the bank loans as of December 31, 2019, if the interest rate increases/decreases by 10 basis points, the Company’s net profit for 2019 will decrease/increase by NTD 45,917 thousand. In order to reduce interest rate risk, the Company continues to monitor changes in market interest rates. Besides bank loans, the Company also utilizes various financing instruments. To support operating needs, the Company will take advantage of long-term debts with favorable fixed rates depending on market conditions. Foreign Exchange Rate Fluctuation The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s operating activities (when revenue or expense is denominated in a different currency from the Company’s functional currency) and the Company’s net investments in foreign subsidiaries. Based on the assets and liabilit ies of r isk-avoiding management denominated in foreign currencies as of December 31, 2019, when the NT dollar strengthens/weakens by 10 percent against the US dollar, the Company’s net profit for 2019 will decrease/ increase by NTD 1,009,197 thousand. On the other hand, when the Chinese Yuan strengthens/ weakens by 10 percent against the US dollar, the Company’s net profit for 2019 will increase/decrease by NTD 2,200,266 thousand. The Company applies natural hedges on the foreign currency risk arising from purchases or sales denominated in foreign currencies, which means balancing the assets and liabilities denominated in foreign currencies to reduce the impact from fluctuation in foreign exchange rates. The Company may use derivatives, such as currency forward contracts, to partially hedge foreign currency risks associated with certain highly probable forecast transactions. These hedges will offset only a portion of, but do not eliminate, the financial impact from changes in foreign exchange rates. Furthermore, as net investments in foreign subsidiaries are for strategic purposes, they are not hedged by the Company. The Company continues to monitor the changes in foreign exchange rates in order to respond promptly to any significant fluctuation. 145 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) Inflation The inflation status in 2019: Due to lower-than-expected international oil prices and prices of raw materials in the first half of 2019, the annual growth rate of the Taiwan Consumer Price Index (CPI) was below that of 2018. However, the average consumer price index (CPI) in Taiwan still grew by about 2.55%. Overall prices remain stable and there is no concern regarding inflation. Policies for High-Risk and Highly Leveraged Investments, Lending, Endorsements, Guarantees for Other Parties, and Financial Derivatives Transactions, Main Reasons for Profit and Loss, and Future Countermeasures T he Company has not engaged in any transaction of high-risk or highly leveraged investments. Any financial derivatives transaction is to enhance the Company’s operating performance and reduce operating and financial risks. The Company has established its “Loan Procedure,” “Endorsements and Guarantees Procedure,” and “Financial Derivatives Transaction Procedure” in compliance with the relevant rules and regulations issued by Financial Supervisory Commission. These internal procedures serve as the basis for the Company to enter into transactions mentioned above. The Company has announced and reported these transactions, and also established a registration book in order to review these transactions regularly. If necessary, measures will be taken to control financial risks. Impact and Corresponding Measures of Major Domestic and International Policy and Legal Changes on UMC's Finances and Business UMC complies with national policies and laws. The Company’s relevant divisions keep abreast of major policy and legal changes at all times. UMC adjusts its internal systems and business activities accordingly to ensure the smooth operation of the Company. Impact on the Company’s Financial Results and Corresponding Contingency Plans in Response to Changes in Technology and the Industry T he Company places signif icant impor tance on the dynamics of the semiconductor industry and continues to invest and develop semiconductor manufacturing process technology and know-how. In order to accelerate the development of logic and specialty technologies, optimize transistor per formance, reduce power consumption, 146 and continuously enhance its technical advantages, UMC invested a total of NTD 11.86 billion in research and development in 2019. At the same time, the Company is also actively working with external academic and government institutions to develop new process technologies for next generation product applications to diversify the Company’s process technology of ferings. T he Company invested approximately USD 574 million in capital expenditure during 2019. UMC will continue to invest in existing logic and specialty technologies, expanding 8” and 12” capacity to penetrate emerging applications and driving internal operational efficiencies. The Company believes that these efforts will create higher customer adoption of its logic and specialty technologies and expand UMC’s market share to fuel growth. UMC will strive to enhance its operations and preserve the best interests of its shareholders. The Impact of Corporate Image Change on Corporate Crisis Management and Response Measures The Company's business philosophy is based on the Company's sustainable operation and long-term partnership with customers and social groups. The Company regularly holds shareholders' meetings and legal person briefings to increase financial transparency. The Company also actively participates in community and public welfare activities, and effectively fulfills its responsibility as a member of society. For a variety of different emergencies, there are special personnel responsible for planning and responding to minimize the uncertainty of business operations. Expected Benefits, Possible Risks and for Mergers and Response Measures Acquisitions With UMC’s customers located all over the world and given the Company’s business philosophy of continuously improv ing the ser v ice quality to its customers, UMC understands the importance of satisfying customer needs and providing local services. At the same time, UMC also recognizes that with expansion through mergers and acquisitions, the Company can take advantage of the increased economies of scale and operational efficiency. Based on this concept, UMC’s Board of Directors approved the acquisition of the entire share capital of Mie Fujitsu Semiconductor Limited in June, 2018. The transaction was completed on October 1, 2019 and it was renamed as UNITED SEMICONDUCTOR JAPAN CO., LTD. upon completion of the acquisition. The acquired company is UMC’s production base in Japan for 12-inch wafer services. In addition, UMC will also continue to invest in United Semiconductor (Xiamen) Co., Ltd. to provide 12-inch wafer services in China. UMC’s global operational capabilities can be strengthened, and United Microelectronics Corporation | Annual Report 2019 Risk Management and Evaluation (Continue) customers are given more competitive foundry solutions. On the other hand, UMC’s overall value can be increased and shareholder interests can be enhanced. The main risk of cross-border merger and acquisition involves integration and compliance with the regulations and compliance of various countries. To comply with the regulations of related authorities for equity purchase or merger and acquisition, UMC conducts careful planning and consultation with professionals from the respective countries. The goal is to not only complete equity purchases or mergers, but also to strategically plan to sustain future business and maximize shareholders’ interest. Risk of Excess Capacity from Fluctuating Economic Conditions The Company increases its production capabilities through fab expansion in order to accommodate more customer orders, thus providing the means to increase revenue, profits and market share. When production capacity reaches economies of scale, manufacturing costs can be dramatically reduced. However, the significant potential for fluctuations in the semiconductor industry economic cycle creates financial risk, as any excess capacity still must be accounted for under depreciation of plants and equipment during demand softening caused by economic conditions. This risk would be considered a burden to the Company. The Company’s capacity expansion is under deliberate capital expenditure plans, which focus on satisf ying customers’ needs while optimizing capital utilization. Disciplined capital expenditure can help to develop a healthy industry environment. The Company has set forth the Capital Budget Committee from 2013, which comprises of members from the Company’s Independent directors and non-executive directors. The Committee’s goal includes review of the Company’s capital expenditure budget, with the intent to strengthen long- term corporate strategy, financial planning and business performance. Risk and Response Measures to Procurement Concentration Risk of mater ial shor tage: for example, insuf f icient production capacity, accidents in the fab, or natural disaster could result in material shortage. Risk avoidance approach: currently, UMC adopts a supplier self-management mode, in that these materials are stored in the Company’s and suppliers’ warehouses near UMC fabs. The safety inventory level is increased to meet emergency demand and to shorten the emergency response time in order to effectively reduce material shortage risk, and the Company’s operation regulations are formulated according to the four subjec ts of “Risk A ssessment Operation,” “Operational Impact Analysis Operation,” “Accident Response and Operation Sustainability Plan” and “Emergency Material Procurement Operation.” In addition, UMC has established alternative suppliers and regularly implements evaluations of supplier capabilities, f lexibilities and natural disaster risk mechanisms that correspond to the production site. Currently, there are no high risk incidents. In case of emergency, the emergency response mechanism will be activated, and it will be managed according to the “Acc ident Response and Operation Sustainability Plan” and “Emergency Material Procurement Operation.” Risks of Sales Concentration and Response Measures UMC has established long-term steady cooperation with multiple world-class customers, and the long-term steady growth of the Company can be ensured by combining the competitive edges of UMC and these customers. In 2019, the total sales revenues of UMC’s top 10 customers accounted for approximately 51% of UMC’s total sales revenues. UMC will continue to closely cooperate with customers who require advanced and specialty processes, and provide customized solutions for specific products and applications. UMC will continue to provide comprehensive customer oriented pure- play wafer foundry solutions in order to expand its customer base and improve product mix. The Company will further enhance the flexibility of production capacity allocation to reduce the impact of periodic demand fluctuations with the goal of mitigating risk. Risk of Change of Control and Stock Price Fluctuation from Large Scale Transfer of Shares If the Company’s directors or major shareholders holding more than 10% of issued and outstanding shares transfer a significant portion of their shareholding in the Company, then a change of control may occur. Furthermore, such transfer may give r ise to investors’ concer ns on the operation of the Company and may cause the market price of the Company’s shares to fluctuate. The share withholding status of the Company’s directors and managers have been reported based on official regulations and laws. Meanwhile, there has been no significant share transfer activity. 147 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) Risk of the Company Losing One or More Key Personnel without Adequate Replacement Due to any Change of Company Control UMC’s future success depends to a large extent on the continued service of the Company’s chairman and key executive officers. If the chairman or key executive officers leave their positions as a result of a change in Company control, and qualified replacement personnel cannot be found and integrated in a short period of time, operations may be adversely affected. The Company’s management focuses its operations with the intent to maximize value for its shareholders, thus gaining their trust and recognition. If there were a replacement of management, the succeeding personnel would have to recognize corporate culture, be qualified to assume professional duties, and be able to execute the Company’s policy. Litigation and Non-Litigation Incidents On August 31, 2017, the Taichung District Prosecutors Office indicted UMC based on the Trade Secret Act of R.O.C., alleging that employees of UMC misappropriated the trade secrets of MICRON TECHNOLOGY, INC. (“MICRON”). On December 5, 2017, MICRON filed a civil action with similar cause against UMC with the United States District Court, Northern District of California. MICRON claimed entitlement to the actual damages, treble damages and relevant fees and requested the court to issue an order that enjoins UMC from using its trade secrets in question. UMC has appointed counsels to prepare answers against these charges. Currently the civil complaint has been stayed by the court and the criminal proceeding is ongoing. On January 12, 2018, UMC filed three patent infringement actions with the Fuzhou Intermediate People’s Court against, among others, MICRON (XI’AN) CO., LTD. and MICRON (SHANGHAI) TRADING CO., LTD., requesting the court to order the defendants to stop manufacturing, processing, importing, selling, and committing to sell the products deploying the infringing patents in questions, and also to destroy all inventories and related molds and tools. On July 3, 2018, the Fuzhou Intermediate People’s Court granted preliminary injunction against the aforementioned two defendants, holding that the two defendants must immediately cease to manufac ture, sell, and impor t products that infringe the patent rights of UMC. The court has approved withdrawal of one of the patent infringement actions on our motion while the other two actions are still on trial. On November 1, 2018, the Department of Justice of the United States (“DOJ”) unsealed an indictment against UMC, FUJIAN JINHUA INTEGRATED CIRCUIT CO., LTD. (“JINHUA”), and three individuals, including one current employee and two 148 former employees of UMC, alleging that UMC and others conspired to steal trade secrets of MICRON, and used that information to develop technology that was subsequently transferred to JINHUA. On the same day, the DOJ filed a civil complaint enjoining the aforementioned defendants from exporting to the United States any products containing DRAM manufactured by UMC or JINHUA and preventing the defendants from transferring the trade secrets to anyone else. UMC has appointed counsels to prepare answers against these charges. Besides, UMC has suspended the joint technology development activities with JINHUA. Currently the civil complaint has been stayed by the court and the criminal proceeding is ongoing. Given these litigations are still in the preliminary stages, UMC cannot assess the legal proceeding and probable outcome or impact. On March 14, 2019, a putative class action styled Meyer v. United Microelectronics Corporation and several executives, was filed under Securities Exchange Act of 1934 and Rule 10b-5 in the United States District Court for the Southern District of New York. The court appointed a lead plaintiff and approved lead plaintiff counsels on May 23, 2019. On September 27, 2019, UMC received the service of plaintiffs’ amended complaint and appointed counsels to prepare the relevant procedures. Currently the mediation process is ongoing. The Company does not expect material financial impact resulting from this claim. Risks Relevant to Intellectual Property UMC values te chnolo gy development and resp ec ts in tel l e c t u al p ro p e r t y r i gh t s , h e n c e UM C d e vel o p s independently to acquire intellectual property rights actively and devotes itself to protecting its and its business partners’ intellectual property rights. Although UMC dedicates itself to enforcing and protecting intellectual property rights, it cannot completely prevent its intellectual property rights which strongly related to UMC’s business, such as process, technology, software, trade secrets, or know-how from being infringed or misused by third parties. In addition, responsibilities for some of the infringements of intellectual property rights are strict liability and require no finding of mens rea or intent, so when UMC independently develops the process, technology, software, trade secrets or know-how required to engage in business, it may infringe on third parties’ intellectual property rights unknowingly. Therefore, UMC may need to obtain technology or patent licenses from third parties on reasonable terms. However, if UMC cannot obtain the technology or licenses on reasonable terms, it may be accused of intellectual property infringement by third parties or even receive an injunction granted by the court on third parties’ motion for injunctive relief, thereby jeopardizing UMC’s abilities to perform business contracts and eventually leading to breach of contracts. United Microelectronics Corporation | Annual Report 2019 Risk Management and Evaluation (Continue) UMC’s ability to compete also depends on its ability to operate without infringing on third parties’ intellectual property rights. As is the case for many companies in the semiconductor industry, UMC from time to time receives letters from third parties asserting and alleging infringement of some intellectual property rights of their technology. Due to the rising of active Non-Practicing Entity (NPE), UMC expects to receive similar letters in the future. Irrespective of the validity or the successful assertion of such claims, UMC could incur significant costs and management resources for defending these claims, which in turn could seriously impair UMC’s business and operation. In order to minimize the liabilities arising from third parties’ claims alleging UMC’s manufacturing of semiconductor devices or designs of UMC’s customers’ end products infringe on third parties’ intellectual property rights, generally, UMC accepts orders only from companies with satisfactory reputation and for products without potential inf r ingement r isks. Fur ther more, UMC also obtains indemnification rights from customers and equipment vendors to hold UMC harmless from any damages resulting from any suits or proceedings brought against UMC alleging UMC infringes third parties’ intellectual property rights by manufacturing products for customers or using equipment supplied by vendors. Risk of Climate Change The Risk of Climate Change May Negatively Affect UMC’s Business Operation UMC actively focuses on the new business operational concern of climate change. UMC has developed the UMC Climate Change Risk Assessment methodology based on the Fifth Assessment Report (AR5), which is published by the Intergovernmental Panel on Climate Change (IPCC), and the government’s downscaling scenario projection for identifying potential physical hazards under climate change situation, and the ISO 14090: Adaptation to Climate Change and the assessment procedure in the UK Climate Impact Programme (UKCIP). The assessment concluded that UMC’s top 3 climate change risks in the most recent 5 years were “electricity price rising and imposition of carbon tax caused by energy policy,” “a dramatic rise in green investment” and “super typhoon influences on water supply continuity.” The inevitable global carbon risk will not only bring rising manufacturing and transportation costs due to increased prices for petroleum and electricity, but will also directly impact the economy and the operation of enterprises from the perspectives of energy tax, carbon tax, border carbon tariff, and stringent environmental laws and regulations, and lead to additional investment costs. UMC has actively implemented measures in response to mitigate the impact caused by climate change. For example, to reduce the emissions from fluorinated greenhouse gases used in wafer foundries, UMC was the first in the industry to complete a two-phase fluorinated greenhouse gases replacement plan for all its fabs (by replacing C2F6 with C3F8 and C3F8 with C4F8) in order to greatly reduce greenhouse gas emission and the impact of global warming. In the meantime, UMC supported the EPA early reduction project and acquired a carbon reduction allowance, thus successfully turning risk into competitiveness. Facing the issues of global climate change and the management of energy and greenhouse gases, in recent years UMC has been actively drafting environmental protection objectives through various stages and aspects and developed specific implementation plans for gradual promotion. Disaster Risk Management As a leader in the semiconductor fabrication industry, UMC is fully aware of the impacts of natural disasters and man- made accidents on production and operation. Therefore, UMC has always faced disaster risk management with an active attitude of prevention management, and pursues the highest safety standards within the semiconductor industry through stringent risk engineering control and implementation management of safety regulations and standards. Fire Safety UMC ha s applied inter nat ional s t and ard s, such a s Factory Mutual (FM) Insurance Company, Underwriters Laboratories Inc. (UL), National Fire Protection Association (NFPA), and Semiconductor Equipment and Materials International (SEMI) to building structure, equipment, and risk engineering control and assessment, and the company regulations have been formulated to serve as definite requirements. UMC is also the only company in the semiconductor industry with its own fire brigade. In addition to being equipped with professional fire engines and fire rescue equipment, the fire brigade normally conducts professional training to teach emergency response capabilities to employees, while having the ability to respond on¬site in case of disaster. Protection Against Natural Disaster UMC has actively planned and established a complete and sound disaster risk management response procedure. It has worked with world-renowned structure consultation companies specialized in responding to earthquake disaster, such as EQE (EQE International Inc.) and JENSEN HUGHES to include seismic safety of buildings, factory facilities, pipelines, and production machines into the design criteria at the preliminary stage of fab construction. There are plans for continuous improvement of older fabs built prior to 1999. In February 2016, an earthquake of Richter scale magnitude 6.6 took place in southern Taiwan, registering close to 6 at UMC’s Fab 12A in Tainan Science Park. However, hardware loss was rather moderate compared to other companies in the industry, which was an indication of the effectiveness of UMC’s seismic design. In addition, UMC has 149 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) continued to introduce new seismic protection technologies, including anti-earthquake damper for buildings and seismic isolation platforms for reticle stocker and furnace and the establishment of an onsite earthquake early warning system for further enhancement of personal safety and reduction of risks associated with losses of machine and equipment due to earthquake. Responses to Climate Change Risk UMC has always cared about the possible impacts from extreme weather. T he Company has completed f lood potential simulations for fabs in Taiwan since 2014, and conducted hardware improvement to strengthen the flood control capacity of Fab 12A. UMC was also the first in this industry to develop an early warning system to detect water shortage that is integrated with quarterly long-term weather forecast data to provide the prediction of water conditions in the coming three months so that water saving measures can be conducted, and water truck contract and rehearsals can be prepared in advance to reduce any risk to operations. Furthermore, UMC climate change risk and opportunity assessment was accomplished by referring to the fifth assessment report published by the intergovernmental panel on climate change (IPCC AR5) and the assessment procedure in the UK Climate Impact Programme (UKCIP) in 2019, and related results will be disclosed to stakeholders in the CSR report during the following year. Safety Protection of Process Equipment Safety, Health, and Environmental Protection Standards of Semiconductor Manufacturing Equipment (SEMI S2) is the primary international standard for UMC to establish the mechanism for review of new machines and company regulations. The “UMC Process Equipment ESH Procurement Specifications” has been introduced at the procurement stage. The safety of machines can be under effective control with the machine specifications compliance review before machines are moved in and machine installation inspection after they are moved in. International Risk Rating (Triple-Star Rating System) UMC introduced the Triple-Star Rating System in 1998, and the Company has since invited international insurance company AIG (American International Group) to conduct risk audits so that UMC could continuously enhance fab protection level in order to be in compliance with international standards and to maintain the commitment level of Highly Protected Risk (HPR) for our customers and the insurance market. Aside from some items in older fabs, the ratings of all other fabs are maintained at the highest level. 150 (BCM) Business Continuity Management UMC recognizes that pursuing the sustainable operation of its organization actually means providing strategic customers and important stakeholders with continuous services. Therefore, the highest mission of the Company is to provide customers with diversified, high quality, and uninterrupted wafer foundry services. In 2013, UMC was the first in the industry to be granted the ISO22301 Business Continuity Management System Certificate issued by SGS Taiwan Ltd., for both its Hsinchu HQ and Fab 12A. In 2016, Fab 12i in Singapore was granted ISO22301 Business Continuity Management System Certificate after only its first evaluation. In 2019, Hsinchu HQ, Tainan Fab 12A, and Singapore Fab 12i passed the 3-year review cycle by BSI (British Standard Institution) to extend the validity of certification. Under such operation and maintenance mechanism, UMC will continue to review, refine, and ensure the maintenance and recovery of the highest operational objectives upon occurrence of disaster or impact in order to protect the rights and interests of customers and stakeholders. Business Continuity Policies • T he highest purpose of the Company’s sustainable operation and management is to provide customers with diversified, high quality, and uninterrupted wafer foundry services while continuously pursuing partnerships with its customers. • UMC will implement the operation of the business continuity management organization and conduct business impact analysis and risk assessment when the business environment changes, so that sustainable operation strategies and objectives can be formulated and secure resources can be obtained for such implementation with continuous review and refinement. • In case of disaster or impact, UMC will invest sufficient resources according to its business continuity strategies in order to maintain and restore optimal operations. The Company will keep good communication with, fight for and protect the rights and interests of its customers and stakeholders. Enterprise Information Security Risk Management Risk Management Organization In 2018, UMC established the “Enterprise Risk Management Committee” to collaborate with key organizations in the Company’s risk management and control to jointly examine and manage internal and external risks, and prioritize risk response strategies for major risk issues across the Company. It is combined with internal audit functions to United Microelectronics Corporation | Annual Report 2019 Risk Management and Evaluation (Continue) ensure that the operational risks associated with operations are properly managed. In the same year, UMC established the “Corporate Security Division” responsible for the Company’s information security and physical security planning and related audit matters, which works together with the “Information Technology Division” to further strengthen information security. Information Security Policy UMC’s information security policy is based on the guiding principle: “To establish Information Security Management rules in accordance to customer requirements, to reach a consensus that infor mation secur it y is ever yone’s responsibility through full awareness, to protect information Confidentiality, Integrity, Availability for the Company and Customer, and to provide a safe production environment to ensure sustainable operation of the Company’s business.” The major information security objectives are aimed at antivirus, anti-intrusion and anti-leakage through the building of multiple internal controls such as firewall, intrusion detection and antivirus systems to enhance the Company’s ability to defend against external attacks. Also, with the support of top management and through regular education and training programs, security operation/ awareness is tightly involved and seamlessly integrated into every employee’s daily work. Establish Enterprise Risk Management System The Enterprise Risk Management Committee integrates the identified various risk items, including strategy, operations, finance, disasters, etc., assesses the likelihood and severity of the occurrence, defines the priority order and risk level of the risk items, and takes response actions. The management plan periodically reviews the potential occurrence of risks and the potential for changes in severity over time to grasp the effectiveness of risk management plans and related control operations. UMC complies with multiple ISO certification standards as a means of achieving risk-oriented management and inspection purposes in the areas of quality, environment, water resources, carbon footprint, green energy, etc. Related information security certifications include ISO15408, ISO22301 and ISO27001. The Company has also established corresponding risk management committees to promote standardization processes and reduce the risk to business operations. Please refer to the Company website for related certification information. http://www.umc.com/English/ CSR/b_5.asp. Assessment of Information Security and Cyber Risks UMC puts particular emphasis on preventing Information security and cyber risks, and builds a complete multi- layer defense mechanism including firewall, intrusion detection, antivirus system, vulnerability scanning, patch management procedure and penetration testing, etc. In 2019, we also leveraged an international professional security company’s resources to help on inspecting the robustness of overall security as a trusted third party verifier and a basis for further improvement. The summary of the annual information security assessment is as follows: “Overall, UMC has implemented an information security management system. According to this system and control measures, conventional malicious programs such as attacks by viruses, Trojans, worms and external hackers will not easily damage UMC’s information system.” Information Security Management System UMC is listed on NYSE and complies with the Sarbanes- Oxley Act (SOX 404) for internal key financial processes. The Company intends to strengthen information security by introducing ISO27001 information security management system certification, so that information systems can be operated under standard management procedures to reduce security risk and production anomalies that may be caused by human error. Continuous improvement of PDCA is then carried out through annual recertification. In 2014, a cross-division security committee was established. Based on the need to produce secure products like smart card ICs, the Company decided to introduce ISO15408 (CC, Common Criteria) certification. The certification is specifically designed for secure production procedures not only in data receiving, processing and destroying but also higher physical access control request for securing entire production line purposes. Continuous improvement of PDCA is then carried out through biennial recertification. The Arrangement of the Security Insurance In view of recent reports about data leakage, virus infection and hacking events in Taiwan and the world, together with the ransomware incident of a peer semiconductor manufacturer’s information system in August 2018 which caused billions of NT dollars in operational disruption (BI, Business Interruption), the worldwide security threat has been drastically intensified. There is no guarantee that enterprises will not become the target of being attacked even if they already have good security protection in place. UMC’s strategy is to adopt cyber security insurance as a new option for partly transferring and mitigating the risk. This insurance has been in effect since Jan. 2019 with a retroactive option that can trace back stealth threats existing in the enterprise before the effective implementation date. Initial insurance amount is set to be $10 million US and covers all UMC fabs in Taiwan and Singapore. In the future, they will be reviewed annually to protect the Company from potential losses in the event of a cyber attack. 151 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) The Impact of Occurred Major Security Incidents and Corresponding Response Measures UMC had a major WannaCry ransomware incident in 2016, causing 42 Servers/PCs/NBs used in the OA area to be infected and needing to be re-built. Fortunately, due to early detection and proper handling, it did not spread to production line computers. This is considered a relatively serious virus incident within recent years. In addition to immediately upgrading to a new version of antivirus sof tware with behavior-based detection capability and implementing strict information device in/ out management, the Company policy also requires that production line computers update critical patches to defend against such worm-type viruses that may attack system vulnerabilities. Another countermeasure is to set the Access Control List (ACL) in production line networks to grant necessary access between equipment tools, which can block viruses from spreading and limiting them to a small extent of impact. After the virus incident in August, SEMICON TAIWAN formed a task force that included UMC to co-study equipment information security standards and responsibly contribute as a local enterprise. In short, the current security risks disclosed by UMC in this annual report should be supplemented with a famous quote from the information security industry: “There is no such thing as 100% security.” While new attack techniques are constantly introduced, defense systems are faced with a zero-day attack limitation. Past defense achievements do not necessarily mean or guarantee that anomalies will not happen in the future. Enterprises must keep pace with the times to face the ever-changing and growing information security threat. Information security has a long way to go and requires continuous improvement. UMC will uphold the values of “Customer-orientation, Integrity, Innovation, Accountability, Efficiency” as its corporate culture and will fulfill “due care/due diligence” management responsibility to provide customers with a secure production environment to reduce operational risk and reward shareholders with the highest possible investment value. Tension in Political or Economic Relations between Major International Countries; The Impact on The Investment and Operation of The Company’s Foundry Industry and Corresponding Measures Internationally, due to political or economic tensions between major countries, national power has been exerted 152 to penalize specific entities or even trigger a trade war. The main methods include raising tariffs, embargoes, policy interventions, government subsidies, etc., which may have an impact on the company’s investment and operations. It also affects revenue, delivery, and goodwill. For example, a sharp increase in tariffs in importing countries may drive up end-market prices, thereby reducing consumer purchase demand and further reducing UMC customer orders; The United States Export Control Act regulates that if those whose content originating from the United States exceeds a certain ratio, their products may not be exported to specific countries. This may affect UMC’s direct or indirect supply to specific customers; restrictions on the export of high-tech materials may affect UMC’s production, resulting in failure to deliver on time and damage to goodwill. UMC’s countermeasures include: 1) Increasing the diversification of customers’ region and product application. Besides cautiously facing existing business in North America and the Asia Pacific, UMC also aggressively expands its business from other regions such as Europe and Japan. In response to business uncertainty for server, automotive and industrial applications that originally enjoyed high growth, UMC also tries to expand its opportunities in IoT, AI, etc. 2) Monitoring and evaluating the impact of external changes (including global regulations, politics, economic conditions, etc.) on the Company's business (raw materials, customer demand, etc.) and taking necessary risk response plans. In practice, a raw material supply chain tracking mechanism is established, and the legal compliance response system is strengthened. Through a more accurate grasp of the country’s component ratio of raw materials, UMC can analyze the possible impacts and respond in a timely manner. The Impact of Talent Retention and Training & Development on the Company’s Operations and Corresponding Practices. At UMC, employees are considered the most important asset and the foundation of sustainable operations. Facing external labor market competition and the attractiveness of salary conditions have caused staff turnover, so the failure to effectively maintain and extend experience has potential risks to the company’s operations. Regarding talent retention and training & development prac t ices, UMC prov ides a comprehensive lear ning environment for employees to improve the skills and expertise of their colleagues. The Company focuses on “talent attraction, cultivation, and retention” as the key United Microelectronics Corporation | Annual Report 2019 Risk Management and Evaluation (Continue) goals of training & development, while continuously improv ing the quality and ef fec tiveness of training, cultivating talent to meet the needs of the organization, and ensuring the continuation of experience. Meanwhile, we also pay attention to external market salary information and provide competitive salary and welfare conditions to achieve the Company’s sustainable operation goals. Any Outbreak of Contagious Diseases, Such as the Recent Coronavirus Pandemic, may Materially and Adversely Affect our Staff Attendance and Operation, and it’s Countermeasures Any outbreak of infectious diseases, such as coronavirus, Ebola virus, bird flu, swine flu, or severe acute respiratory syndrome (SARS), can affect staff attendance and even affect company operations. For example, the recent outbreak of the coronavirus pandemic is spreading globally and has an adverse effect on the world’s economic conditions, which has impacted both the demand within the semiconductor market and the stability of the supply chain. If the epidemic cannot be effectively controlled in the short term, the impact of emergency control measures taken by governments to curb the spread of the epidemic will be expanded, which may expose us to relevant risks, including: reduced sales activities and customer orders, reduced plant operations and labor, international travel and communication difficulties, and limited transnational cooperation in research and development. In addition, if any employee is suspected Other Necessary Supplements None. or diagnosed with an infectious disease, we may need to quarantine these employees or close the relevant workplace to temporarily suspend some or all production operations. UMC established its coronavirus epidemic control and response center in January 2020 to coordinate relevant information and resources usage, such as: 1). Daily review for conditions of production impact, supply chain management, epidemic prevention strategies and action preparation, etc. 2). Defined clear stages of infectious disease disaster management and prepared response measures in advance according to the situation of each stage, and launched corresponding activities in accordance with epidemic development. For example: reduce human infection and production impact (for detailed related measures, please refer to “4-3. Health and Safety Workplace” in the CSR report); reduce material shortages by increasing inventory, find and expedite the verification of second suppliers; reduce the operation impact of specific fabs by cross-plant products and order adjustment and transfer. Up until Febr uar y 2020 , the epidemic has not had a significant impact on the Company’s operations. The Company will maintain a positive and cautious attitude and continue to pay close attention and respond to it. Other Significant Risks None. Note: The analysis and valuation of Risk Items shown above include the data during 2019 and as of the Annual Report Printing Date. 153 Review of Financial Position, Operating Results, Risk Management Social Responsibility 155 Description of Corporate Social Responsibility 157 About Social Charity 163 Environmental Protection, Safety and Health Management Instructions 154 United Microelectronics Corporation | Annual Report 2019 Description of Corporate Social Responsibility To fulfill corporate social responsibility and facilitate economic, environmental and social progress for the purpose of achieving sustainable development, UMC has formulated and complies with its Corporate Social Responsibility Practice Principles. Cu r r e n t l y, t h r o u g h t h e C o r p o r a t e Su s t a i n a b i l i t y Committee, UMC keeps abreast of relevant domestic and international standards in corporate social responsibility and changes in the corporate environment. UMC regularly reviews and improves its corporate social responsibility practices, systems and management policies to improve the effectiveness of its corporate social responsibility implementations. In 2019, UMC was awarded with multiple honors related to corporate social responsibility, including being listed as a FTSE4Good Emerging Index component and FTSE4Good TIP Taiwan ESG Index component, and ear ning the Taiwan Corporate Sustainability Report Award, Green Procurement Award, Occupational Safety and Health Award, and Enterprises Environmental Protection Award. Meanwhile, UMC has been listed as one of the DJSI-World constituent stocks of DJSI (Dow Jones Sustainability Indices) for 12 consecutive years. DJSI is one of the most credible international corporate sustainability evaluation tools, so this is an indication that UMC’s sustainability performance has been recognized by the international investor sector as a global leading enterprise. In addition to continuous dedication to this industry, the self-expectation of UMC is to become a green giant within the semiconductor industry. Energy saving and carbon reduction is a long-term undertaking, in which UMC is an advocator of low carbon innovation and provider of low carbon solution as well as an implementer of low carbon actions. UMC established the Fluorinated Greenhouse Gases Reduction Work Group as early as 1999 in response to global warming, and it achieved its 2000 voluntary reduction goal outlined by Taiwan Semiconductor Industry Association ahead of schedule. On Earth Day (April 22) in 2000, UMC was the first in the industry to announce a “Climate Change Policy” and “UMC’s Low Carbon Commitment” as the highest guidelines in response to climate change. In 2013, UMC started an early reduction project for carbon reduction allowance approved by the EPA, which was based on the company’s carbon reduction achievements for more than a decade. UMC completed the first carbon trade recognized by Taiwan’s EPA in 2014, which can be regarded as an important milestone for the domestic carbon trading market. The income from this carbon trade was used for the environmental protection fund. Meanwhile, the “UMC Eco-Echo Ecology Preservation Hope Project” was activated to work with The Society of Wilderness to promote the Sauter’s frog habitat preservation action in Hsinchu, where UMC’s HQ is located, as an effort for contributing to environmental sustainability. In 2016, UMC extended the spirit of this project and launched the UMC Eco Echo Award. It has collected outstanding projects and creative ideas for a friendly environment via the execution and selection of the Eco Echo Award in order to urge more people to join this environmental protection effort. By 2019, more and more enterprises were participating in the care for local Taiwan ecology; in terms of society, UMC also provides disadvantaged organizations with energy saving and carbon reduction services through its energy saving service team in the three aspects of energy conservation and safety counseling, technical information on energy resources and engineering improvement in order to fully utilize corporate resources in response to global warming. UMC has also actively promoted clean production and green product management. In 2006, the Company was the first among all semiconductor makers in the world to complete the third party verification audit of Hazardous Substance Process Management (HSPM) system, and UMC became the first company in the world to acquire QC-080000 IECQ HSPM certification for all fabs. In 2009, it completed the first “product carbon footprint” verification of IC wafers according to the International Carbon Footprint Standard PAS2050. In 2010, UMC completed the “product water footprint” verification of IC wafers according to the Business Water Footprint Accounting criteria of the non-profit international organization “Water Footprint Network.” As an important milestone for development of green production, these results can also provide complete, scientific, and reliable product information as the basis for self-review and continuous improvement. In 2017, UMC took the initiative to launch the Triple R Major League project. UMC expects to cooperate with suppliers to promote measures for energy and resource reuse, recycling and reducing to achieve green products with lower environmental impact. On the other hand, UMC has also established a supplier management strategy to strengthen the economic, social and environmental performance by implementing supplier sustainability assessments, on-site audits, and coaching improvements and tracking to create a positive influence and enhance sustainable competitiveness of the overall supply chain. 155 Social Responsibility Description of Corporate Social Responsibility (Continue) Furthermore, UMC referenced the nature of its businesses as well as the 5 key principles of AA1000 SES (Stakeholder Engagement Standard) to identify the major stakeholders and formulated a management system for the identification of and communication with various stakeholders. In accordance with the materiality principle, UMC conducts impact assessments of environmental, social and corporate governance issues related to the company’s operations every year, and formulates corresponding improvement measures and plans. At the same time, the results were disclosed through the corporate social responsibility reports and Company websites. UMC’s Corporate Social Responsibility Report issued in 2019 was composed by referring to the Global Reporting Initiative (GRI) Standards, and the content of this report was verified by a third party according to “Account Ability 1000 Assurance Standard.” In the same year, the Corporate Social Responsibility Report published by UMC was awarded the Taiwan Corporate Sustainability Report Award for the 12th consecutive year. These honors and recognitions indicate that, after long-term dedication to corporate social responsibility, UMC’s actions, transparency and completeness of information disclosure have all reached the international level, such that it has become a global benchmark enterprise. Str uc ture of UMC’s Cor porate Social Responsi bi lity Organization UMC’s Corporate Sustainability Committee was established in April 2008. This is an important milestone of UMC’s implementation of social responsibility and direction towards the road to sustainability, and it also represent UMC’s foc us on cor porate soc ial responsibilit y and resolution of promoting relevant measures. This committee is the highest level organization within UMC in charge of sustainable development and formulation of directions and objectives of corporate social responsibility for the entire company. The performance and objective achievement will be reviewed regularly by the chairman and committee members, and the director general of this committee will report to the board of directors annually on the effectiveness and plan of promotion, and important issues and response measures that stakeholders are concerned about. There are seven sub-committees under the Corporate Sustainability Committee, which are Corporate Governance C o m m i t t e e , Cu s t o m e r R e l a t i o n sh i p M a n a g e m e n t Committee, Supplier Management Committee, Innovation Te chn o l o g y C o mm i t t e e , H uman R i gh t s an d S o c i a l Participation Committee, Environment Committee, and Green Manufacturing Committee. Their functions are as described below: Corporate Governance Committee Helps strengthen the function of the Board and shareholder equity, integrates related regulations and policies of relevant departments, and helps complete and implement th e C o mp any ’s i n t e r na l c o n t r o l s y s t e m t o e ns ur e information transparency and disclosure, and compliance with regulations. Customer Relationship Management Committee Refines customer service and quality control, improves service quality and customer satisfaction, and protects customer interests and relevant trade secrets. Supplier Management Committee To establish a protective environment and emphasize the obligation to society, labor rights, security and health while pursuing the goal of a continuously evolving supply chain, this sub-committee develops long-term partnerships with vendors for quality, cost leadership, delivery, service/ response, and sustainability. Innovation Technology Committee Promotes green product research and development and innovations, and leads in cutting-edge green technology. Human Rights and Social Participation Committee Responsible for protecting the basic rights of employees and promoting communication with outside communities and society. Integrates the UMC Cultural and Educational Foundation, and with focus on education, arts, sports, public service and environmental protection, strives to promote technological research and development cooperation, long- term educational assistance, arts and sports activities and other social welfare events. Environment Committee Promotes company-wide environmental, safety and health, energy, water and greenhouse gas emission management. Establishes sustainable supply chains and long-term par tnerships w ith suppliers to enhance sustainable competitiveness. Green Manufacturing Committee P rom o te s company- w id e gre e n p ro ce ss e s , su ch a s hazardous materials management and increases in resource productivity. The organizational structure of Corporate Sustainability Committee is as shown below: Board of Directors Corporate Sustainability Committee Sustainability Office Green Manufacturing Committee Environment Committee Human Rights and Social Participation Committee Innovation Technology Committee Supplier Management Committee Customer Relationship Management Committee Corporate Governance Committee 156 United Microelectronics Corporation | Annual Report 2019 About Social Charity UMC Science and Culture Foundation Es t ablishe d in 1996 , the UMC S c ience and Cul t ure Foundation has been promoting social charity for many years. Cur rently, the focus is long-ter m educational assistance, and the Spreading the Seeds of Hope Project was launched in 2005 to help disadvantaged families through tutoring. Collaborating with agencies in Hsinchu and Tainan, the Foundation funds classrooms and the hourly wages of teacher trainees from universities to provide free tutoring to disadvantaged students needing academic assistance. Summary of key implementations in 2019: Key Items Description Outcome Letter Writing Volunteers Through letters, the volunteers reach out to their sponsored school children to encourage them, which is the simplest way of offering friendship, care and hope. Sponsored a total of 110 children f rom the Fund for Children and Families. For more information on charity events, please refer to the UMC Science and Culture Foundation webpage at http:// foundation.umc.com/ Key Items Description Outcome Donations for 2019 are as follow: Education for the Disadvantaged Life Education UMC Drum Club Parent Education Story-telling Volunteers During its 25th anniversary celebration in 2005, UMC launched the Spreading the Seeds of Hope Project, an educational program that provides after-school tutoring for children from disadvantaged families in Hsinchu and Tainan. Formed in 2009, the Love Storyteller Club has given drama performances in Pingtung, Hsinchu and Tainan. Organized by the former Executive Director, the UMC Drum Club was launched in the Hsinchu and Tainan Science Park in July 2013. The group hopes to give back to society with "friendships through drums and inspiration through love. " Moreover, through executive participation, a culture of volunteering is promoted. Exclusively sponsored the Whatever Makes Sense for Voice of IC Teacher Hung Lan. Discussions are based on brain science research and audience opinion on parent education, and the vast influence of media is used to jointly create smart living with the audience. Employees volunteering for story-telling led reading activities in Baoshi Elementary School in Hsinchu County to motivate children to read on their own. In 2019, 110 children received a total of 750 hours of tutoring. Over the last 10 years, the Club has given 68 performances to a total audience of more than 20,000 people. Over the last 7 years, the group has given 40 inspiring performances to a total audience of more than 25,000 people. Continued to sponsor the program in 2019. In 2019, the volunteers provided 24 sessions of activities to a total of about 400 children. UMC Science and Culture Foundation Social Participation Spreading the Seeds of Hope Project Tutoring Program Sponsored 110 children from the Fund for Children and Families. Sponsored the Nantou Karate Association. Sponsored art and cultural events. Life education promotion and other sponsorships. Subtotal UMC LOHAS Education Foundation Sponsored the Hsinchu City Government's 2019 Special Learning Programs for Foreign Residence. Provided free admissions for charity/ visitations (a total of 700 students visited the UMC Recreation Center, and 300 free admissions to the recreational facilities were given to charity groups. Sponsored events organized by the Hsinchu City Department of Education in 2019. Sponsored Science Park Cup sports competitions. Sponsored the sites for Taiwan Lear ning and Development Association and Taiwan Toy Library Association. Subtotal Total In NTD Amount 4,305,779 1,321,883 2,000,000 1,288,395 1,704,847 10,620,904 135,200 100,000 100,000 60,000 120,000 515,200 11,136,104 Promoting UMC Volunteer Culture Und er the lea d er ship o f UMC S c ience and Cul t ure Foundation, the volunteer culture at UMC has gradually expanded to include volunteers from throughout the Company. At present, a large group of eager UMC volunteers has spontaneously formed the Candlelight Club for community services. The volunteer climate has gradually expanded to various clubs, and in 2019, 8 clubs participated in charity services. 157 Social Responsibility UMC Social Charity Units T he UMC S c ience and Cul t ure Found at ion and the UMC LOHAS Education Foundation are two major UMC foundations. The series of social participation events by the Spreading the Seeds of Hope Project, which started out as education assistance for the disadvantaged, the UMC Love Storyteller Club for life education and the Voice of IC Teacher Hung Lan for parent education, consistently convey love and hope, bringing warmth to every needed corner. In addition to the two major foundations, UMC is the only electronics corporation in Taiwan to establish an independent fire brigade to assist with disaster relief in the Science Park and surrounding communities, and further provide fire prevention education by promoting fire safety in elementary schools. The various integral social participations are key forces in UMC social citizenship and outreach to the disadvantaged. The combination of UMC’s internal resources allows UMC employees to contribute wholeheartedly to society and create a safer and warmer society through their caring conviction and social outreach. 2019 Outcome for Spreading the Seeds of Hope-Educational Assistance for Children from Disadvantaged Families Project In view of the huge gap in Taiwan’s educational resources, UMC began implementing the Spreading the Seeds of Hope - Educational Assistance for Children from Disadvantaged Families Project in 2005. Through corporate strength, UMC strives to improve education for children f rom disadvantaged families by providing them with afterschool tutoring, and fulfilling the “spreading hope” stage of the project. In 2019, UMC continued to invest in the Seeds of Hope to help disadvantaged school children, and is committed to cultivating four key areas, namely life education, reading, environmental protection and green energy, and basic technology talents. Based on these spiritual, educational, environmental and basic technology dimensions, a new series of cultivation activities were implemented. Strengthening educational foundation-- "Let Hope Sprout - Cultivate New Energy for the Future" About Social Charity (Continue) UMC is passionate about public charity. The Company recognizes the limited resources of organizations for the disadvantaged and their great need for energy conservation and carbon reduction. Therefore, in 2015, UMC began forming the Energy Conservation Service Team, which was officially launched in 2016. The volunteer team comprises of experts in energy conservation, water conservation, air conditioning, lighting and fire prevention, and focuses on prioritizing the disadvantaged, energy conservation and safety, feedback and improvement. Based on these positions, the volunteer team provides organizations for disadvantaged groups with energy and safety diagnostics, and funding for immediate improvement projects. Charity services provided by clubs and the Energy Conservation Service Team in 2019: Clubs Services Candlelight Club Charity bazaars (Holiday Bazaar, Rebirth Bazaar and Concert, St. Joseph Social Welfare Foundation, Eden Social Welfare Foundation) Ukelele Club Fundraisers (World Vision, St. Joseph Social Welfare Foundation, Joy Welfare Foundation) Organization events (Joy Kindergarten) Teaching (Nan-he Elementary School, Fu-sing Elementary School and Xin-xing Elementary School in Hsinchu County) Free performances (Hsinchu Where! Youth Services Thanksgiving Dinner, Ukulele Parent- Child Competition, Ukulele Carnival in Taiwan, Hsinchu Museum of Imagery, Rebirth Concert at 16th Children's Park, Hsinchu Science Park 39th Anniversary Garden Reception, Wavetek, Candlelight Club Love Bazaar) UMC Drum Club Taichi Club Charity performances (Catholic Social Service Center fair, St. Joseph Social Welfare Foundation Garden Party, Hsinchu Science Park 39th Anniversary Garden Reception) Huakuang Social Welfare Foundation- Huaguang Outreach, Chang-an Nursing home Charitable donations Music Fellow Club Free performances (L’arc Hotel Second-hand Market Activities, STSP Bureau Love-month Activity, Fab 12A Valentine’s Day and Moon Festival Activities) Hsinchu Energy Conservation Service Team Kansai Huakuang Welfare Foundation, Hsinchu City Intellectual Disability Welfare Association, Hsinchu County Special Education School, Goodshepherd Foundation Tainan Energy Conservation Service Team Nan Jeon University of Science and Technology, Deguang Catholic Senior High School, Tainan Municipal An-Nan Hospital, St. Teresa Opportunity Center I-Ching Club St. Joseph Social Welfare Foundation Garden Party 158 United Microelectronics Corporation | Annual Report 2019 About Social Charity (Continue) In 2010, UMC launched five key programs around the theme "Let Hope Sprout - Cultivate New Energy for the Future." The program is summarized below: I. Spreading the Seeds of Hope—Educational Assistance for Children from Disadvantaged Families T he UMC Science and Culture Foundation continues to sponsor the tutoring costs for school children, and provides comprehensive education through reading and character education activities by volunteers. It is hoped that with the launch of the program, tutoring centers can be established in Hsinchu Science Park and Tainan Science Park to provide long - term educational assistance to children from disadvantaged families. In 2010, key tasks in Stage 1 of the Spreading the Seeds of Hope-Educational Assistance for Children from Disadvantaged Families Project were extended. In addition, long-term outreach such as reading and character education helped cultivate positive values and a learning attitude in children from disadvantaged families. To further incorporate the strength of UMC employees and their families into the program for helping children from disadvantaged families, the UMC volunteer tutoring team, formed in 2005, was integrated with the UMC Science and Culture Foundation and the UMC Candlelight Club. In addition to collaborating on activities such as collecting gift donations for Christmas and other holidays, camps and visitations are also organized at various times each year where volunteer teams comprising of UMC employees and their families interact with children from the Spreading the Seeds of Hope Tutoring Program. It is hoped that more passionate like-minded educators and companies can be recruited into the program. Moreover, the Company hopes that by giving long-term and sustained attention, it can inspire human care and love so that children with limited educational resources can also access educational resources through professional tutoring, and learn and grow confidently and happily like other children. Furthermore, it is hoped that the program can sprout, grow and thrive in even more places. The outcome of UMC's Seeds of Hope long-term projects are as follow: 1. Through close collaboration between academic counseling and families/schools, children from disadvantaged families regained confidence and growth in their learning. 2. Volunteer outreach helped prevent deviant behaviors in children by allowing them to feel understood and cared for, and helped them begin to break out of poverty through the power of education. 3. In 2019, 110 children received a total of 750 hours of tutoring. 4. Through sponsoring the Nantou Karate Association, disadvantaged students gained confidence and discovered their strength through karate training. II. Promoting National Reading Culture Through Me 2 We Reading Club To promote the National Reading Culture, UMC employees formed the Me 2 We Reading Club to not only share the joy of reading within the Company, but also to train UMC employees for volunteer storytelling. The storytelling skills not only allow employees to experience the pleasure of storytelling, but also enhance the quality of their reading time with their children. In addition to sharing reading with their colleagues and children, UMC employees went beyond their personal scope and participated in the Spreading the Seeds of Hope Tutoring Program to promote reading in remote rural elementary schools. III. Promoting Life Education T hrough Life Education Volunteer Club The Life Education Volunteer Club recruits members from UMC’s employees and their families to help disadvantaged youths avoid delinquency and discover their personal strengths. After receiving former training and certification, the volunteers visit indigenous students and marginal youths in Hsinchu and Nantou to help them understand the true meaning of living and personal growth. In addition, the UMC Love Storyteller Club was formed, where volunteers worked in teams to choreograph, rehearse, construct props and costumes and perform. In addition to public performances in the 88 Flood disaster areas, the club was also invited by the Ministry of Justice to perform in Cheng Jheng High School so that given limited educational resources, those in remote rural areas and those on probation can still enjoy a rich spiritual feast. Through these experiences, UMC volunteers were also inspired to reflect on their own lives and cherish their blessings. Summary of achievements in 2019: Key Items Outcome Sponsored the Whatever Makes Sense for Voice of IC Teacher Hung Lan program A total of 52 episodes were broadcasted in 2019. Candlelight Club- Community outreach and fundraising bazaar A total of 73 bazaars, totaling 4,370 participants. 342 volunteers participated, totaling 1,148 hours. Ukelele Club-Volunteer performance and teaching A total of 11 sessions, totaling 3,142 participants. 113 volunteers participated, totaling 528 hours. 159 Social Responsibility About Social Charity (Continue) IV. Eco Green Energy Programs for Promoting Environmental Education and Green Energy Technology Talent Cultivation In v iew of the grow ing problem of global war ming, environmental issues have become a responsibility for everyone. In addition to its commitment to establishing a low-carbon supply chain and green energy industry, UMC is passionate about suppor ting env ironmental events and promoting environmental education. Through var iou s env ironmental programs, eco concep ts are further promoted to students, friends and families so that environmental protection becomes a responsibility and life standard for everyone. V. Semiconductor Programs for Cultivating Taiwan's High- Tech Talent With the mission of cultivating Taiwan’s high-tech talent, UMC not only invests in developing and improving the Company’s existing talent, but also in cultivating seed talent for Taiwan’s semiconductor technology through early contact. The semiconductor process practicum courses in National Cheng Kung University, National Central University and Chung Yuan Christian University are taught by experts from UMC for early cultivation of semiconductor seed talent at the university stage so that young students can acquire deeper semiconductor knowledge and skills in their studies. Furthermore, they can better dovetail into their subsequent workplace development and actively integrate into their career, thereby achieving talent cultivation for Taiwan’s semiconductor technology. In addition, UMC collaborates with National Cheng Kung University, National Tsing Hua University, National Chiao Tung University and National Sun Yat-sen University on advanced technology R&D and projects. The research scope includes artificial intelligence algorithms, micro-sensors and actuators, machine learning algorithms, deep learning and wafer defect detection, etc., to achieve the most effective industry-university cooperation for integrating theory and practice. Summary of key implementation outcomes in 2019: Key Items Outcome Offered semiconductor processing practicum courses in 2019. About 193 students enrolled. Industry- University National Central University, Chung Yuan Christian University, industry- university courses on semiconductors Nano Generation course at National Cheng Kung University Offered an introductory course on Semiconductor Processing in the Nano Generation at National Cheng Kung University in 2019. About 269 students enrolled. Campus Cultivation Domestic and Overseas Summer Internship Provide a specific number of internship opportunities each summer vacation. In 2019, a total of 21 interns were recruited. Equipment Intern Collaborated with National Taiwan University of Science and Technology, National Taipei University of Technology, Chung Hua University, Southern Taiwan University of Science and Technology, National Chin-Yi University of Technology, National United University, Da-Yeh University, National Kaohsiung University of Science and Technology and National Formosa University to provide student internship opportunities at UMC. In 2019, a total of 29 interns were accepted. 160 United Microelectronics Corporation | Annual Report 2019 About Social Charity (Continue) Key Items Outcome Key Items Outcome Enterprise Visitations Campus Ambassador for disabled students Campus relationship development (Including technical career lectures) Provide enterprise visitation opportunity for schools. In 2019, the Company received a total of 822 visitors from National Cheng Kung University, National Kaohsiung University of Science and Technology, National Central University, Chung Yuan Christian University, National Tsing Hua University, National Chiao Tung University, National Quemoy University and National Formosa University. Employed students who are disabled for work study. Strengthened campus talent recruitment and encouraged disadvantaged students to actively learn. Since the program began in 2013, a total of 128 students with physical disabilities were provided with work study opportunities, and in 2019, 22 students were still employed. Helped arranged a series of brand image cultivation activities, including book discussion, career sharing, internship cooperation, and exhibits for semiconductor display. In 2019, 21 book discussion sessions were held, with a total of more than 2,151 participants. National Cheng Kung University Career Advisor Program PTP Prospective Talent Program Advanced Intelligent Elite Development (AIED) In its collaboration with key schools in recent years, UMC offers career seminars and career coaching programs to help students understand the future pulse from the perspective of industrial professionals. Moreover, based on student traits and learning, the career coaches provide career plan suggestions to help students find career paths that are appropriate for them. With National Cheng Kung University as an example, UMC has been providing career coaching for 8 years, with more than 200 students from the university participating each year, and the program is still being implemented. In addition, students are assisted with resume writing to help them discover their strengths, sell themselves in their resume and capture the attention of companies and executives. At the same time, colleagues from National Taiwan University, National Tsing Hua University and National Chiao Tung University have their colleagues serve as career counselors to provide professional counseling to their students. T he early contac t and agreement with prospective talent on campus enhances connection and interaction with targeted talent. The broadening UMC PTP also expands the image and influence of UMC. Since UMC began recruiting outstanding talent in 2013, 4,435 students have been recruited and 856 prospects are still in school. To acquire higher quality employees, campus relationships and the connection and interaction with outstanding equipment talents are systematically established. Recruitment for outstanding talent began in 2018, and 2,409 students have attended in AIED campus briefings, recruiting a total of 749 members. 161 Social Responsibility About Social Charity (Continue) UMC Social Participation Committed to the core philosophy of “people-orientation and co-prosperity with society,” UMC fulfills its corporate social responsibility according to the concept of LOHAS (Lifestyle of Health and Sustainability). UMC believes that the success of a company not only requires personal diligence, but also the support of a harmonious society for it to flourish and develop robustly. Therefore, since its establishment, UMC has declared itself a public instrument in its long- term management policy, and is committed to giving back to society. Therefore, in addition to their commitment to the Company’s business growth, the “Happy Employees” of UMC are also enthusiastic about social charity. To encourage employee participation in charity, UMC provides Charity Leave for employees to participate in volunteer services. UMC has always been wholehearted in social charity, and continues to donate money to cultural, and educational and academic units. Recipients include groups such as National Tsing Hua University, UMC Science and Culture Foundation, UMC Operation Management Thesis Award, National Cheng Kung University academic funding for Nano-IC Engineering, loan transfer to feedback fund for management talent, Taiwan Semiconductor Industry Association Environmental Protection Fund, Global Views Educational Foundation Green Award prizes, VLSI Design/CAD Symposium, GLO Leadership Training Summit and ASUS Foundation, as well as charity events. In the days to come, UMC will remain dedicated to its philosophy of receiving from society and giving back to society by supporting social charity. Summary of donations in 2019: UMC Social Participation Donated to UMC Science and Culture Foundation Donated to the 9th UMC Operation Management Thesis Award Donated to the National Cheng Kung University academic funding for Nano- IC Engineering Loan transfer to feedback fund for management talent Donated to Taiwan Semiconductor Industry Association Environmental Protection Fund Donated to the Global Views Educational Foundation Green Award prizes Donated to VLSI Design/CAD Symposium Donated to National Tsing Hua University Donated to GLO Leadership Training Summit Donated to ASUS Foundation Donated to Taipei Awakening Association Total In NTD Amount 10,000,000 2,801,459 3,000,000 530,000 5 12 ,0 2 1 610,000 100,000 35,000,000 62,500 37,800 500,000 53,153,780 162 United Microelectronics Corporation | Annual Report 2019 Environmental Protection, Safety and Health Management Instructions In te r ms o f e nv ironm e n t al p ro te c t io n, s af e t y an d health, UMC has set the objectives of zero pollution and zero incidents to become an enterprise of sustainable development; in addition to being in compliance with and exceeding the requirements of environmental safety and health laws and regulations, the Company utilizes advanced environmental protection, safety and health, risk and disaster rescue technologies to actively enhance environmental protection and safety aspects based on a forward-looking vision. UMC has also continued with environmental safety and health education and advocacy for all its employees and encouraged active participation in related activities to strengthen the environmental safety and health belief and habits of all employees through subtle influence. ESH Management System UMC’s ESH management system is established according to ISO 14001 and ISO 45001 standards. It is intended to integrate daily management with total quality management (TQM) activities such that the ESH management plan can be integrated with actual fab operation in order to achieve the ef fec tiveness of implementation. As for var ious ESH risks of company operation, the possible impacts of various activities (from the use of raw materials to the generation of waste) on the environment and all company employees will be evaluated via a systematic approach. As for the items which could result in major environmental impact, the management and reduction will be applied via the assessment/replacement/reduction approach for raw materials, control and reduction of process pollution source, effective treatment of end-of-the-pipe pollution, and residual by-product reclamation. In terms of safety and health, UMC will start with management of equipment, chemical, and operation safety in order to maintain the safety and health of all employees. In order to achieve the objective of sustainable development, the Company has set clean production and zero incident as the promotion direction of environmental protection and safety and health. Every year UMC will set the objectives and targets of the ESH management system in coordination with the Company’s operation direction, and each fab will launch various plans for reducing environmental impact and strengthening safety and health in order to continuously improve company performance of environmental protection and safety and health management. Achievement status of UMC’s Important ESH Objectives/Targets in 2019: Objective Target Achievement Status Eliminating major accidents and continuously promoting self- management of safety and care and individual occupational safety Promoting green management Green 2020 project to reduce the Company’s impact on the environment 1. Zero Major / Serious occupational safety incident Zero occupational safety incident throughout the year 2. Fewer than 11 minor (or above) accidents A total of 11 incidents throughout the year The milestone of 2019 was achieved To reduce water, electricity, and waste by 10% over the base year by 2020. 1. Water Usage: 10% reduction (Intensity) 2. Electricity Usage: 10% reduction (Intensity) 3. Waste Generation: 10% reduction (Intensity) Note: the base year is 2015 163 Social Responsibility Environmental Protection, Safety and Health Management Instructions (Continue) Environmental Protection Greenhouse Gas Reduction and Management Facing the issues of climate change and worsening global warming, UMC has already prepared and implemented response strategies. It set up the “Fluorinated Greenhouse Gases Reduction Work Group” in 1999 to be dedicated to the research and promotion of reduction of fluorinated greenhouse gases. It formulated the “UMC Climate Change Policy” in 2010 as the highest guiding principle of the Company in response to climate change. The major reduction plans with respect to f luorinated greenhouse gases to be promoted include: • Measuring the utilization rates of process tools using f luorinated greenhouse gas and the destruction and removal efficiency of its emissions control technologies to be fully aware of the machine per formance and to improve those with poor performance. • Implementing survey and assessment of the consumption amount for fluorinated greenhouse gases in order to understand the greenhouse gas emission volume of each process tool. • Carrying out a research project on alternative gas to reduce the consumption of process gasses that contribute to global warming potential (GWP) via source improvement. • As for the new fluorinated greenhouse gas emissions control technologies, the selection, assessment, and investment have been applied for installation of high performance f luorinated greenhouse gas abatement systems in order to reduce the emission of fluorinated greenhouse gases year by year. In 2007 and 2011, UMC led the industry in completing the 2-Phase fluorinated greenhouse gases replacement plan (replacing C2F6 with C3F8 and replacing C3F8 with C4F8) for the entire company, thus greatly reducing greenhouse gas emissions and its impact on global warming. After years of effort, UMC has achieved the objectives of the “Carbon Reduction 333” project and the “369+ Energy and Resources Productivity Enhancement Project” in 2012 and 2015 , respectively. The company has also formulated the “Green 2020” project to commit to goals of 10% water saving, 10% power saving, and 10% waste reduction in the future based on more stringent self-requirement standards and more active spontaneous actions. At this stage, UMC has also applied for GHG Offset Project in 2019, according to Taiwan’s voluntary GHG reduction incentive program to apply for carbon credits. UMC estimates it can build 10 years of carbon assets totaling more than 1.5 million tons. Energy Saving Management The use of energy will consume the Earth's resources, and it will also generate carbon dioxide resulting in the greenhouse effect. To reduce the environmental impact of the greenhouse effect, UMC has set annual goals and plans to reduce greenhouse gas emission. In addition to constant evaluation and introduction of various energy saving technologies, UMC will carry out energy saving plans for relevant facilities in order to directly and effectively reduce the Company’s energy consumption. In addition, UMC has promoted the implementation of energy saving management plans for offices and public areas together with advocacy activities and educational training in order to enhance the concepts and habits of all employees with regard to energy saving and greenhouse gas reduction. Water Resources Saving and Management For more effective utilization of limited water resources, UMC formulated its “Water Management Policy and Commitment” in 2015. From the perspectives of introduction of water resources risk management system, development and application of diversified water resources, supply chain cooperation, and strengthening of water resources education, UMC will continue to promote various water saving measures, actively enhance water efficiency, and introduce new water saving technology in order to promote the emphasis and saving of water resources. According to the fab construction schedule, the fab water recycling rate and process water recycling rate of all fabs are superior to the standard set by Science Park Bureau. The water saving measures for general water consumption include the adoption of water-efficient taps, rainwater interception for landscape watering, and water conservation of air conditioners and kitchens. In addition to internal water res ource a ssessment and mana gemen t and a c t i ve promotion of water conservation, the Company also serves as a representative in industrial unions & associations. The Company cooperates with the government and industrial peers in water resources communication and exchange counseling. Waste Management and Resource Recycling Management UMC’s waste management is established on an economic and effective waste management mechanism to achieve the objectives of safe, healthy and harmless resource utilization. The strategies include total amount reduction, recycling and reuse of resources, and waste management. UMC has always adhered to the belief of green production while promoting waste and resource recycling management. On one hand, it has reduced the generation of waste through process improvement, raw material reduction and source management; on the other hand, it has actively promoted waste recycling and reuse to replace the existing end-of-the- pipe treatment mode and to convert garbage into useful resources. In addition to reducing the resources and cost of waste treatment, the company hopes to help alleviate increasingly serious environmental problems. Finally, in 164 United Microelectronics Corporation | Annual Report 2019 Environmental Protection, Safety and Health Management Instructions (Continue) terms of waste management, manpower will be dedicated to regular auditing of the Company’s waste disposal service provider and tight control of waste destination while selecting the optimal waste disposal approach. Pollution Emission and Control End-of-the-pipe treatment has been regarded as the last resort in recent years. In terms of pollution control, in addition to development of required technologies in response to new env ironmental protection laws and regulations or standards, UMC has also considered the tolerance and interaction of the overall environment to apply self-control and constantly introduces high per formance pollution prevention technologies and equipment. All pollution prevention equipment are operated and maintained by professional work teams, and the operation status of all pollution prevention equipment is monitored by a central system with shifts covering 24-hours to ensure emission quality. Environment-related Data Disclosure UMC is committed to the spirit of initiative, openness, transparenc y and qualit y, and publicly discloses its management of environment-related information. At present, UMC has set 2025 management targets for important indicators such as greenhouse gas emissions, elec tr icit y consumption, water consumption, waste generation and volatile organic compound emissions. At the same time, UMC also disclosed the data of the last 5 years in the corporate social responsibility report and through third-party verification to confirm the latest information and verify the reduction outcome every year. The annual infor mation for 2019 w ill be ver if ied by third par t y inspection and publicly disclosed before June 2020. On the other hand, UMC was also invited to participate in the international CDP organization’s climate change and water disclosure project, and further disclosed the identification results of risks and opportunities and related management information. In 2019, UMC’s climate change disclosure was awarded the Level 4 Leadership (A-) score; and water disclosure was awarded the highest rating for Taiwan’s enterprises with a (B) rating. It shows that UMC has been recognized by international investment institutions for its sustainable information disclosure. Other Environmental Management Plans Over the years, UMC has continued with its ef for t in environmental protection by constantly introducing various environmental management tools such as environmental management system, product life cycle assessment, and environmental accounting. The hope is to achieve the substantial objectives of environmental improvement and reduction of environmental impact via the environmental management approach, and spontaenous and continuous improvement. UMC was aware of the green wave coming f rom the international environmental protection trend and customer demand as early as 2003, and it began the promotion of the green supply chain management system and became a member of SONY Green Partner in the same year. To date, the Company has continuously passed re-verification, indicating UMC’s hazardous substance management effectiveness has been recognized by customers. In 2006 , UMC was the first among global semiconductor manufacturers to complete the hazardous substance process management (HSPM) system audit and to be granted the recommended registration. UMC has also become the first semiconductor manufacturer in the world to have all fabs granted with the QC-080000 IECQ HSPM certificate. In addition, for laying the foundation of green product, process and design, UMC has ac tively implemented comprehensive carbon/water management plans. In September 2009, it completed the world’s first “Product Carbon Footpr int ” and EPD (Env ironmental P roduc t Declaration) verification of IC wafer, and obtained the independent verification statement issued by a third party to become the first semiconductor company in Taiwan to independently and completely calculate and verify the product carbon emission information. In 2000, it was the first in the industry to complete the water footprint verification of 8-inch and 12-inch fabs. With the important op erat ional belief of sy mbiosis w ith a su stainable env ironment, UMC has prov ided its comprehensive green production system plans to help its customers produce environmental friendly, high quality products. The completion of carbon footprint, water footprint, and environmental product declaration indicates that UMC has tracked and monitored the information of various environmental impacts during the IC wafer manufacturing process through rigorous systems with international certification, and helped customers completely construct the environmental information of green product and supply chain. This also specifically demonstrates UMC’s active undertaking of social responsibility. In the future, UMC will more aggressively promote the green supply chain project based on carbon footprint, water footprint, and Environmental Product Declaration to help customers produce green products with lower environmental impact and to enhance the sustainable competitiveness of the entire supply chain. Safety and Health Promoting the Culture of Individual Occupational Safety T he analysis of the causes of domest ic and foreign accidents has revealed that 90% of them are due to “Human Factors,” such that the safety of personal behavior has a more profound impact on the safety of the organization. 165 Social Responsibility Environmental Protection, Safety and Health Management Instructions (Continue) Therefore, UMC is dedicated to promoting the safety and health culture of “Individual Occupational Safety.” Starting from “Pay attention to your own safety and care about other’s safety” and “Occupational safety is everyone’s responsibility” and under the declaration and leadership of the chairman, UMC has introduced the safety thinking mode, and established complete communication and proposal channels so that employees can express their opinions and receive professional response and assistance, implement safet y and health protec t ion work, and continuously enhance the quality of the work environment. It is expected that UMC can become the global role model of safety and health. Safety and Health Management By law, all UMC fabs have formulated labor safety and health management plans every year, and the contents include: • ESH Risk Assessment Ever since the founding of Company, UMC has been introducing various methods for risk assessment of the company’s processes, equipment, and chemicals. UMC has also tried to reduce the occurrence of accidents and environmental pollution caused by process and equipment though engineering improvement and process replacement. As for the safety and health risk, UMC has divided them into preliminary review, change review, and regular review. As for the execution of preliminary review, in addition to using a simple risk matrix for selecting operating activities with higher risks to carry out improvement and management, UMC has also conducted the review and risk reduction of hazardous workplace with respect to the items listed in the Hazardous Workplace Review and Inspection Rules. As for the environmental and safety and health risks caused by change of equipment, and introduction of new chemicals and new machines, the assessment should be carried out according to the rules of change review. In addition to managing these according to domestic laws and regulations, the specification requirements of safety facilities and environmental protection of equipment and chemicals should be specified according to international standards, so that the ESH impacts can be minimized at the beginning of such change. In addition to the aforementioned preliminary review and change review, the ESH risk assessment will be conducted again for all operations ever three years, and the operation items with increased risk levels must be examined to see if there is a need for improvement. • Management of Machine, Equipment, or Appliance In addition to being in compliance with domestic standards, such as CNS (Chinese National Standards) and machine equipment appliance safety standard, the machines used by UMC must come with the reports (provided by the equipment supplier) meeting the semiconductor 166 m a n u f a c t u r i n g e q u i p m e n t s a f e t y , h e a l t h , a n d environmental protection standard (SEMI S2) formulated by international semiconductor equipment and material organization. If there is any non-conforming item, it must be improved before entry into the fab. After fab entry, the water, electrical, gas, and chemical use safety inspection must be conducted according to different stages of machine installation before these machines can be used. During machine operation and maintenance, employees should receive the educational training of the machine operation and be in compliance with the operation rule. Unless there is approved application and adoption of alternative safety measures, it is prohibited to disable the safety interlock device of the machine in order to avoid any significant occupational incident. • Management of Hazardous Chemicals UMC has a hazardous chemical management strategy. All chemicals entering UMC must comply with the strategy and strict safety review mechanisms before they can be used in UMC. UMC’s sound chemical management process meets regulatory requirements. In addition to labeling and training by law, the exposure risk assessment method should be introduced and the chemical risk level and classification management measures should be established in order to reduce the exposure hazard risks to workers. The working environment monitoring should be conducted every six months according to the Rules for Implementation of Working Environment Monitoring. The effective sampling strategy should be formulated, and the monitoring results should be verified by statistical analysis tool to ensure the exposure situation of every similar exposure group and to protect the health of employees. There are toxic gas detectors distributed in the working environment in the fab for early control of trace gas leaks with timely warning and automatic broadcasts to notify employees to evacuate to designated safe areas. • Procurement Management and Contractor Management UMC has specified the safety and health rule of procurement in the operation regulation of the Company's procurement department. The raw materials suppliers will be requested to conduct labeling, production, and transpor tation according to domestic laws and regulations, and there will be regular audit of suppliers to ensure that there will not be any safety or health or environmental protection accidents that would cause abnormal supply. As for the contractor management, the active and effective management approach should be adopted to prevent contractors from accidents. In addition to carrying out qualified contractor evaluation and formulating “Notices of ESH Contractor” to be signed by the person in charge of the contractor, all workers entering the fab should receive UMC’s “Contractor ESH Educational Training.” In addition, the “Contractor Work Place Hazard Notification and Agreement United Microelectronics Corporation | Annual Report 2019 Environmental Protection, Safety and Health Management Instructions (Continue) Meeting” should be completed for all contractors entering the fab. A complete online application system should be established for effective control of construction application and the management before, dur ing, and af ter the construction. In addition to requesting the contractor to assign onsite supervisory personnel, a safety agreement meeting should be convened every day before construction. During the construction period, occupational safety personnel should conduct frequent audits in addition to the onsite supervision by the responsible department in order to ensure that all operations are in compliance with safety regulations. • Formulation of Safety and Health Operational Standard UMC has formulated the safety and health protection standard which is applicable to the entire company, and each operational department should formulate operational standards for different operations according to company regulat ion. T he content should include: op erat ing procedure, operation inspection and regular inspection items, protective equipment to be used, and operation frequency. In addition to being in compliance with the operational standard, all employees should pay attention to the unsafe behaviors of others and offer reminders at the work place according to the spirit of individual occupational safety in order to achieve the optimal effect of personal discipline control. • Regular Inspection, Key Points Inspection, Operation Inspection, and Onsite Walkthrough Regular and key points inspections should be arranged for various facilities and operations according to laws and regulations, and operation inspections should be conducted regularly by employees in charge of facilities and operations. In addition to the matters specified by laws and regulations, supervisors at all levels and occupational safety personnel should arrange regular and irregular onsite walkthroughs and audits. The deficiencies of audits should be tracked by computer system, and these cases can only be closed after the improvement is completed. • Safety and Health Educational Training By nature, UMC’s ESH educational trainings can be divided into three categories: - Company-wide safety and health educational training - Fab-wide safety and health educational training arranged by each fab - ESH trainings formulated by each department according to the nature of each department The continuous educational training and advocacy can develop employees’ emergency response capability and safety concept, strengthen employees’ perception, and reduce the occurrence of accidents caused by unsafe conduct. UMC has included the emergency response, licenses required by laws and regulations, maintenance of the safety and health management system, safety pro te c t ion o f sp e c ial op erat ion, and cons t r uc t ion supervision personnel in the annual training plan. In addition to the training courses in the plan, educational training should be arranged from time to time with respect to any specific incident or major deficiency if necessary. In 2019, the Awareness of Hazardous Chemicals course was held. To date, 2,099 classes have been offered, attracting a total of 82,225 participants. It contained e-learning and physical courses so that employees could learn about safety and health knowledge without being limited by time and venue. • Management of Personal Protective Equipment UMC establishes management procedures based on the type of the hazards and provides adequate personal protective equipment (PPE) for workers to use. The condition of PPE is regularly checked, and the supervisors and occupational safety personnel also occasionally inspect the use of PPE. • Health Examination, Health Management, and Health Promotion Matters UMC believes that employees are the most important asset of an enterprise. Only employees that are healthy both physically and mentally can provide highly efficient and high quality work performance. Therefore, over the years UMC has been dedicated to creating a work place that can contribute to physical, mental, and spiritual health. In addition to helping employees with comprehensive health management and health promotion, care has been extended to employees’ families, hoping to achieve the goals of work moral and work quality enhancement. • Collection, Sharing, and Utilization of Safety and Health Information The collection and sharing of company safety and health information are conducted via diversified modes. Domestic and foreign safety and health regulations are collected and reviewed by the Division of Risk Management and Safety and Health, which will suggest to carry out the proposal within the Company to be approved by the ESH Committee. The external major accidents and safety and health news will be advocated to employees via CSR newsletter or BBS within the Company. The safety and health advocacy posters will be put on occupational safety bulletin boards in all fabs frequently. In addition, communication channels such as ESH mailbox and ESH proposal systems have been established on the Company’s intranet website for our employees to reflect opinions or problems related to safety and health management. • Emergency Response Measures In order to allow employees to be equipped with the knowledge and skills of immediate disaster relief upon occurrence of any accident, all employees must take basic fire-fighting, safety and emergency response courses arranged by the Company every 5 years. These courses cover fire safety, disaster response, and actual operation 167 Social Responsibility Environmental Protection, Safety and Health Management Instructions (Continue) of fire extinguishers, and all employees are expected to be equipped with such skills. In addition, an emergency response team (ERT) is formed in every fab, and the members of this team should receive various emergency response trainings and regular rehearsals with respect to various accidents in order to strength the disaster response skills of ERT members and to achieve the objectives of protection and control at the initial stage of disaster. • Statistical Analysis of Occupational Incidents As for occupational incidents that take place at the work place, in addition to regular summaries and repor ts, every accident must be registered in the accident report and investigation system to be tracked. In addition to the investigation of accident causes and improvement and prevention, accident prevention should be included as the Company’s objectives and targets of safety and health management. Various activities must be promoted in order to achieve the accident reduction and safety enhancement. • Safety and Health Management Record, Performance Review, and Rewards For facilitating management, in addition to written records, UMC has established multiple computer systems as an aid for safety and health management, such as automatic inspection system, ISO 14001 & ISO 45001 management systems, accident report and investigation system, and walkthrough report system. In addition to facilitating data inquiry by employees, the tracking of preventive management measures should also be strengthened. For the performance of safety and health management, in addition to management review meetings regularly convened in each fab and for the entire company to review the objectives and targets, occupational competitions will be arranged in each fab, and all active occupational management indicators should b e included a s the evaluation items for individuals and departments. The departments with outstanding performances should be rewarded, and the selection of outstanding occupational safety achievement will be arranged every year in the Company to encourage the active improvement of safety and health in the work environment and the exchange of safety and health improvement matters among different fabs. T hese will also contribute to the promotion of individual occupational safety and reduction of accidents. Granted Awards of Safety and Health and Environmental Protection UMC has been devoted to the promotion of environmental protection and labor safety and health. In addition to being dedicated to achieving the international level of risk control and environmental protection and safety and health management performance, UMC's various ESH management behaviors have also been well received by competent authorities and among peers. The awards granted to UMC in 2019 are as shown below: • “The Best Participation of Green Procurement for Enterprises” by the Environmental Protection Administration of Executive Yuan, R.O.C. • “The 1st Green Chemical Application and Innovation Award” by the Environmental Protection Administration of Executive Yuan, R.O.C. • “National Enterprise Environmental Protection Award” by the Environmental Protection Administration of Executive Yuan, R.O.C. (Fab 12A) • “Energy Saving Leadership Award” by the Bureau of Energy, Ministry of Economic Affairs, R.O.C. (Fab 12A) • “Science Park Water Saving Outstanding Achievement Prize” by the Hsinchu Science Park Bureau, Ministry of Science and Technology, R.O.C. (Fab 8F) • “Award of Enterprise with Outstanding Waste Reduction and Resources Circulation” by the Hsinchu Science Park Bureau, Ministry of Science and Technology, R.O.C. (Fab 8S) • “Business with Outstanding Environmental Protection Performance” by the Southern Taiwan Science Park Bureau, Ministry of Science and Technology, R.O.C. ( Fab 12A II) • “Outstanding Occupational Safety and Health Unit” by the Occupational Safety and Health Administration, Ministry of Labor (Fab 8A) • “Outstanding Occupational Safety and Health Unit” by the Southern Taiwan Science Park Bureau (Fab 12A II) • “Outstanding Occupational Safety and Health Unit” by the Hsinchu Science Park Bureau, Ministry of Science and Technology, R.O.C. (Fab 8F) 168 United Microelectronics Corporation | Annual Report 2019 Special Disclosures Issuance of Private Placement Securities 170 Summary of Affiliated Enterprises 182 182 Acquisition or Disposal of UMC Shares by Subsidiaries 182 Other Necessary Supplements 182 Disclosures of Events Which May Have a Significant Influence on Stockholders’ Equity or Share Price, in Compliance with Item 3, Paragraph 2 in Article 36 of the Securities and Exchange Law of the R.O.C. 169 Special Disclosures Summary of Affiliated Enterprises Affliated Organization Chart United Microelectronics Corp. UMC Group(USA) 100.00% United Microelectronics (Europe)B.V. 100.00% UMC Capital Corp. 100.00% UMC Capital(USA) 100.00% TLC Capital Co., Ltd. 100.00% Soaring Capital Corp. 100.00% Unitruth Advisor (Shanghai) Co., Ltd. 100.00% Fortune Venture Capital Corp. 100.00% Tera Energy Development Co., Ltd. 100.00% Everrich Energy Investment (HK) Limited 100.00% Everrich (Shandong) Energy Co., Ltd. 100.00% UMC Group Japan 100.00% UMC Korea Co., Ltd. 100.00% Green Earth Limited 100.00% United Microchip Corporation 100.00% United Semiconductor (Xiamen) Co., Ltd. 50.73% UMC Investment (Samoa)Limited 100.00% NexPower Technology Corp. Wavetek Microelectronics Corporation 93.36% 80.49% Wavetek Microelectronics Investment (Samoa) Limited 100.00% Wavetek Microelectronics Corporation(USA) 100.00% Best Elite International Limited 100.00% Infoshine Technology Limited 100.00% Oakwood Associates Limited 100.00% HeJian Technology (Suzhou) Co., Ltd. 99.9985% UnitedDS Semiconductor (Shandong) Co., Ltd. 100.00% United Semiconductor (Xiamen) Co., Ltd. 14.49% 100.00% 100.00% United Microtechnology Corporation (New York) United Microtechnology Corporation (California) ECP Vita Pte. Ltd. 100.00% UMC Technology Japan Co., Ltd. 100.00% Omni Global Limited 100.00% Sino Paragon Limited 100.00% United Semiconductor Japan Co., Ltd. 100.00% Note 1: UMC holds 47.75% of NexPower Technology Corp.(NexPower); Fortune Venture Capital Corp. holds 33.47% of NexPower, and TLC Capital Co., Ltd. holds 12.14% of NexPower, and the comprehensive shareholding ratio is 93.36%. Note 2: UMC holds 79.83% of Wavetek Microelectronics Corporation (Wavetek); Fortune Venture Capital Corp. holds 0.66% of Wavetek, and the comprehensive shareholding ratio is 80.49%. 170 United Microelectronics Corporation | Annual Report 2019 Summary of Affiliated Enterprises (Continue) Basic Data of Affiliated Enterprises Name of Corporation Date of Establishment Address UMC Group(USA) 1997.08.11 488 De Guigne Drive, Sunnyvale, CA 94085, USA United Microelectronics (Europe)B.V. 1989.05.23 De Entree77, 1101BH, Amsterdam Zuidoost, The Netherlands UMC Capital Corp. 2001.01.16 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands UMC Group Japan 2013.02.08 UMC Korea Co., Ltd. 2013.04.12 TLC Capital Co., Ltd. 2005.10.14 Fortune Venture Capital Corp. 1993.09.21 15F Akihabara Centerplace Bldg., 1 Kanda Aioi-cho, Chiyoda-ku, Tokyo 101-0029, Japan 1117, Hanshin Intervally 24, 322, Teheran-ro, Gangnam-gu, Seoul, Korea 5F, No.17, Lane 120, Neihu Road Section 1, Taipei, Taiwan 114, R.O.C. 5F, No.17, Lane 120, Neihu Road Section 1, Taipei, Taiwan 114, R.O.C. Green Earth Limited 2009.09.09 Maystar Chambers, P.O. Box 3269, Apia, Samoa In NTD Capital Major Business / Production Items 508,231,063 IC Sales 119,820,688 Marketing support activities 2,215,747,586 Investment holding 8,505,000 IC Sales 14,575,000 Marketing support activities 3,979,563,000 Venture capital 4,017,344,480 Consulting and planning for venture capital 29,988,444,000 Investment holding UMC Investment(Samoa) Limited 2011.03.30 Maystar Chambers, P.O. Box 3269, Apia, Samoa 43,519,120 Investment holding NexPower Technology Corp. 2005.11.25 No.2, Houke S. Rd., Houli Dist., Taichung, Taiwan 42152, R.O.C. UMC Capital(USA) 2001.02.13 ECP Vita Pte. Ltd. 2012.05.10 488 De Guigne Drive, Sunnyvale, CA 94085, USA 138 Market Street, #07-02 CapitaGreen, Singapore 048946 711,986,480 Sales and manufacturing of solar power batteries 6,183,800 Investment holding 278,271,000 Insurance Soaring Capital Corp. 2008.03.25 Level 2, Lotemau Centre, Vaea Street, Apia, Samoa 27,351,000 Investment holding Unitruth Advisor (Shanghai) Co., Ltd. 2008.10.16 No.1468,Nanjing Road West,Suite 2908 Shanghai,China 24,735,200 Investment holding and advisory Tera Energy Development Co., Ltd. 2011.07.19 1F., No.1, Jinshan 8th St., Hsinchu, Taiwan 30080, R.O.C. Everrich Energy Investment (HK) Limited 2009.12.16 Room 2702-03, CC Wu Building,302-8 Hennessy Road, Wanchai, Hong Kong 186,550,910 Energy technical services 25,988,211 Investment holding Everrich (Shandong) Energy Co., Ltd. 2009.11.02 Entrepreneurship Service Center, Building 4, Torch City, High-tech Zone, Jining City, Shandong Province, China 23,189,250 Solar engineering integrated design services 171 Special Disclosures Summary of Affiliated Enterprises (Continue) Name of Corporation Date of Establishmen Address Wavetek Microelectronics Corporation 2010.10.18 3F., No.10, Chuangxin 1st Rd., Baoshan Township, Hsinchu, Taiwan 30076, R.O.C. Wavetek Microelectronics Investment (Samoa) Limited 2013.08.28 Le Sanalele Complex, Ground Floor, Vaea Street, Saleufi, Apia, Samoa Wavetek Microelectronics Corporation(USA) 2013.09.26 488 De Guigne Drive, Sunnyvale, CA 94085, USA Best Elite International Limited 2001.07.12 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, B.V.I. In NTD Capital Major Business / Production Items 1,813,771,110 Sales and manufacturing of integrated circuits 46,275,000 Investment holding 1,855,140 Sales and marketing service 7,388,888,122 Investment holding Infoshine Technology Limited 2002.02.12 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, B.V.I. 10,945,326,000 Investment holding Oakwood Associates Limited 2002.02.12 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, B.V.I. 10,945,326,000 Investment holding HeJian Technology (Suzhou) Co., Ltd. 2001.11.23 UnitedDS Semiconductor (Shandong) Co., Ltd. 2014.03.25 Omni Global Limited 2013.07.02 No. 333, Xinghua Street, Suzhou Industrial Park, Suzhou,Jiangsu Province 215025, China 17th Floor, Building3, Aosheng Plaza,1166 Xinluo Ave., Jinan High-Tech Development Zone, Shandong Province, China Maystar Chambers, P.O. Box 3269, Apia, Samoa United Microtechnology Corporation(New York) 2013.07.08 488 Deguigne Drive, Sunnyvale, CA 94085, USA 488 Deguigne Drive, Sunnyvale, CA 94085, USA United Microtechnology Corporation(California) United Semiconductor (Xiamen) Co., Ltd. 2014.12.10 2014.10.01 United Microchip Corporation 2015.02.04 14,342,758,387 134,253,000 Sales and manufacturing of integrated circuits Design support of integrated circuits 130,160,000 Investment holding 29,373,050 30,919,000 Research & development Research & development No. 899, Wan Jia Chun Road, Xiang An, Xiamen, Fujian Province, China 56,823,897,929 Sales and manufacturing of integrated circuits Suite 102, Cannon Place, P.O. Box 712 North Sound Rd., George Town, Grand Cayman, KY1-9006 29,874,878,250 Investment holding UMC Technology Japan Co., Ltd. 2016.04.01 15F Akihabara Centerplace Bldg., 1 Kanda Aioi-cho, Chiyoda-ku, Tokyo 101-0029, Japan Sino Paragon Limited 2016.06.06 Maystar Chambers, P.O. Box 3269, Apia, Samoa 4,961,250 Semiconductor manufacturing technology development and consulting services 83,204,400 Investment holding United Semiconductor Japan Co., Ltd. 2014.09.18 2000, Mizono, Tado-cho, Kuwana-shi, Mie, Japan 2,835,000,000 Sales and manufacturing of integrated circuits Note: The data is dated December 31, 2019. 172 United Microelectronics Corporation | Annual Report 2019 Summary of Affiliated Enterprises (Continue) Data for Common Shareholders of Treated-as Controlled Companies and Affiliates None. Business of United Microelectronics Corporation (UMC) and Its Affiliated Enterprises The business of UMC and its affiliated enterprises includes semiconductor wafer manufacturing, electronics, optronics, investment activities, insurance, and trade. 173 Special Disclosures Summary of Affiliated Enterprises (Continue) Directors, Supervisors and Presidents of Affiliated Enterprises Name of Corporation Title Name or Representative Shareholding Shares - - - - - - - - - - - - 397,956,300 - 397,956,300 - 397,956,300 - 397,956,300 - 397,956,300 - 397,956,300 - % - - - - - - - - - - - - 100.00 - 100.00 - 100.00 - 100.00 - 100.00 - 100.00 - UMC Group (USA) Director Jason Wang United Microelectronics (Europe)B.V. Director Chitung Liu Director Stan Hung Director Jason Wang UMC Capital Corp. Chairman Stan Hung Director SC Chien Director Jason Wang Director Chitung Liu Director Chih Chiang Peng UMC Group Japan Director Yen Huang Director Jinhong Lin UMC Korea Co., Ltd. Director Carissa Tseng Chairman United Microelectronics Corporation Representative:Stan Hung Director United Microelectronics Corporation Representative: SC Chien Director United Microelectronics Corporation Representative: Jason Wang Director United Microelectronics Corporation Representative: Chitung Liu Director United Microelectronics Corporation Representative: Chih Chiang Peng Supervisor United Microelectronics Corporation Representative: Jinhong Lin TLC Capital Co., Ltd. 174 United Microelectronics Corporation | Annual Report 2019 Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding Fortune Venture Capital Corp. Chairman United Microelectronics Corporation Representative: Stan Hung Director United Microelectronics Corporation Representative: SC Chien Director United Microelectronics Corporation Representative: Jason Wang Director United Microelectronics Corporation Representative: Chitung Liu Director and President United Microelectronics Corporation Representative: Chih Chiang Peng Supervisor United Microelectronics Corporation Representative: Bellona Chen Green Earth Limited Director Chitung Liu UMC Investment(Samoa)Limited Director NexPower Technology Corp. Chairman United Microelectronics Corporation United Microelectronics Corporation Representative: Jinhong Lin Director United Microelectronics Corporation Representative: Eric Zhou Director United Microelectronics Corporation Representative: Watson Tsai Supervisor Fortune Venture Capital Corp. 23,826,545 Representative: Tachih Lung - Shares 401,734,448 - 401,734,448 - 401,734,448 - 401,734,448 - 401,734,448 - 401,734,448 - - % 100.00 - 100.00 - 100.00 - 100.00 - 100.00 - 100.00 - - 1,520,000 100.00 33,998,269 - 33,998,269 - 33,998,269 - 47.75 - 47.75 - 47.75 - 33.46 - 175 Special Disclosures Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding UMC Capital(USA) Director and President Jason Wang Director Stan Hung ECP Vita Pte. Ltd. Director Chitung Liu Director Bellona Chen Director Vic Yen Director Sofia Wang Shares - - - - - - % - - - - - - Soaring Capital Corp. Director TLC Capital Co., Ltd. 900,000 100.00 Unitruth Advisor (Shanghai) Co., Ltd. Director Chih Chiang Peng - - Tera Energy Development Co., Ltd. Chairman Fortune Venture Capital Corp. 18,655,091 100.00 Representative: Steven Sheng - - Director Fortune Venture Capital Corp. 18,655,091 100.00 Representative: Su Ying Shih - - Director Fortune Venture Capital Corp. 18,655,091 100.00 Representative: Jinhong Lin - - Supervisor Fortune Venture Capital Corp. 18,655,091 100.00 Representative: Tachih Lung - - Everrich Energy Investment (HK) Limited Director Tera Energy Development Co., Ltd. 750,000 100.00 Everrich (Shandong) Energy Co., Ltd. Director Jinhong Lin Executive Director Steven Sheng Supervisor Su Ying Shih - - - - - - 176 United Microelectronics Corporation | Annual Report 2019 Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding Wavetek Microelectronics Corporation Chairman United Microelectronics Corporation Representative: Wen-Yang Chen Shares 144,948,118 - % 79.83 - Director United Microelectronics Corporation 144,948,118 79.83 Representative:SC Chien - - Director United Microelectronics Corporation 144,948,118 79.83 Representative:Jason Wang Supervisor Chih Chiang Peng Wavetek Microelectronics Investment (Samoa) Limited Wavetek Microelectronics Corporation (USA) Director Wen-Yang Chen Director Chian Gauh Shih Best Elite International Limited Director Chau-Shen Yu Director Jeremy Wang Director Eric Chen Director Jinhong Lin Infoshine Technology Limited Director Oakwood Associates Limited Director Best Elite International Limited Infoshine Technology Limited - 15,001 - - - - - - - - - 0.00 - - - - - - - - 177 Special Disclosures Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding Shares - - - - - - - - - - - - - - - - - - - % - - - - - - - - - - - - - - - - - - - HeJian Technology (Suzhou) Co., Ltd. Chairman Stan Hung Director Chau-Shen Yu Director Ming-Cheng Kao Director Chitung Liu Director Wan Ling Cheng Director Jinhong Lin Independent Director Independent Director Independent Director Qingheng An Feng-I Lin Wenli Zhang Supervisor Jeremy Wang Supervisor Ming-Chun Chu Supervisor I-Cheng Lu UnitedDS Semiconductor(Shandong) Co., Ltd. Executive Director Steven Sheng Supervisor Archi Chen Omni Global Limited Director Chitung Liu United Microtechnology Corporation (New York) Director Jason Wang Director Chitung Liu United Microtechnology Corporation (California) Director Jason Wang Director Chitung Liu 178 United Microelectronics Corporation | Annual Report 2019 Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding United Semiconductor (Xiamen) Co., Ltd. Chairman Chau-Shen Yu Vice Chairman Chih-Ching Hsu Director Jinhong Lin Director Wayne Tan Director T C Chen Director I Cheng Lu Director Yi Yan Hong Director Guo Dong Di Director Tao Yang Supervisor Rong Fang Li Supervisor Angel Sun United Microchip Corporation Director Chitung Liu UMC Technology Japan Co., Ltd. Director Chitung Liu Director Jinhong Lin Sino Paragon Limited Director Jason Wang United Semiconductor Japan Co., Ltd. Director Chitung Liu Chairman S S Hong Director Ming Hsu Director Chitung Liu Director James Wang Director Michiari Kawano Director Koichi Onomura Director Tatsuya Deguchi Supervisor Yen Huang Note: The data is dated December 31, 2019. Shares - - - - - - - - - - - - - - - - - - - - - - - - % - - - - - - - - - - - - - - - - - - - - - - - - 179 Special Disclosures Summary of Affiliated Enterprises (Continue) Summarized Operating Results of UMC Subsidiaries In Thousand NTD Company Capital Assets Liabilities Net Worth Operating Revenues Operating Income (Loss) Net Income (Loss) Earnings (Loss) Per Share (NTD) UMC Group (USA) 508,231 8,663,813 6,834,067 1,829,746 49,228,13 4 66,001 77, 1 3 5 4.69 United Microelectronics (Europe) B.V. 1 1 9,821 166,334 27,489 138,845 48,625 3,648 2,803 311.45 UMC Capital Corp. 2,2 15 ,748 3,882,222 879 3,881,343 507,496 342,966 342,966 4.79 UMC Group Japan 8,505 883,795 774,236 109,559 4,329,1 9 5 73,065 47,467 47,466.78 UMC Korea Co., Ltd. 14,575 24,520 3, 532 20,988 15,001 1,496 979 TLC Capital Co., Ltd. 3,979,563 4,325,652 51,740 4,273,912 311,587 22, 5 13 24,565 8.90 0.06 Fortune Venture Capital Corp. 4,017,344 4,738,1 1 8 21,7 7 3 4,716,345 84, 41 7 (136,390) (119,265) (0.26) Green Earth Limited 29,988,444 11,643,953 - 11,643,953 UMC Investment (Samoa) Limited 43,519 42,022 - 42,022 - - - (5,124,276) (5.24) - (886) (0.58) NexPower Technology Corp. 711,986 847,694 1,142,660 (294,966) 27,225 (301,265) (420,302) (5.90) UMC Capital (USA) 6,184 17,222 15 1 17,07 1 922 44 191 0.96 ECP Vita Pte. Ltd. 278,271 583,465 30,829 552,636 32,646 30,054 29,580 3.29 Soaring Capital Corp. 27,351 10,264 - 10,264 1 (3,556) (3,560) (3.96) Unitruth Advisor (Shanghai) Co., Ltd. Tera Energy Development Co., Ltd. Everrich Energy Investment (HK) Limited Everrich (Shandong) Energy Co., Ltd. 24,735 14,279 3,758 10, 5 2 1 5,314 (3,404) (3,529) NA 186,551 65,700 4,462 61,238 5,537 1, 1 4 1 (22,063) (1.18) 25,988 38,509 40 38,469 - (52) 7,443 9.92 23,189 50,723 11,033 39,690 40,417 2,8 16 7,505 NA 180 United Microelectronics Corporation | Annual Report 2019 3.94 1. 31 NA NA NA 7.28 Wavetek Microelectronics Corporation Wavetek Microelectronics Investment (Samoa) Limited Wavetek Microelectronics Corporation (USA) Best Elite International Limited HeJian Technology (Suzhou) Co., Ltd. UnitedDS Semiconductor (Shandong) Co., Ltd. United Microtechnology Corporation (New York) United Microtechnology Corporation (California) United Semiconductor (Xiamen) Co., Ltd. Summary of Affiliated Enterprises (Continue) Company Capital Assets Liabilities Net Worth In Thousand NTD Operating Revenues Operating Income (Loss) Net Income (Loss) Earnings (Loss) Per Share (NTD) 1,813, 7 7 1 1,639,434 1,1 1 8 , 5 9 1 520,843 1,631,401 (257,507) (279, 1 1 5 ) (1.55) 46, 2 7 5 3,680 1,556 2,1 2 4 - (7,307) (6,920) (4.61) 1, 855 3,1 8 7 327 2,860 7,244 348 237 7,388,888 23,186,048 3,043 23,183,005 Infoshine Technology Limited 10,945,326 23, 1 1 3 ,468 Oakwood Associates Limited 10,945,326 23, 1 1 3 ,468 - - 23,113,468 23,113,468 - - - (5,422) 870,821 - 877,676 (8,738) 877,676 14,342,7 5 8 26,544,484 2,821, 2 3 1 23,723,253 10,422,268 2,269, 1 1 1 908,836 0.28 134, 2 53 281,440 48,828 232,612 194,709 38,042 36,889 Omni Global Limited 130,160 611,890 2 1 ,1 8 8 590,702 (87) 31, 3 1 2 - 66 29, 3 7 3 31, 2 13 62 3 1 , 1 5 1 4 20 521.55 30,919 37,229 1,020 36,209 25,984 1, 47 1 1,583 39,595.79 56,823,898 83,294,064 59,319,295 23,974,769 8,572,759 (7,609,390) (10,098,778) NA United Microchip Corporation 29,874,878 11 ,617,342 - 11,617,342 - (20) (5,124,089) (5.26) UMC Technology Japan Co., Ltd. 4,961 9,232 51 9, 1 8 1 774 45 (169) (48.25) Sino Paragon Limited 83,204 121,840 - 121,840 - (27) 940 United Semiconductor Japan Co., Ltd. 2,835,000 23,676,7 7 2 5,544,096 18,132,676 4,277,323 270, 5 1 8 270,787 Note 1: USD:NTD=1:30.919, JPY:NTD=1:0.2835, EUR:NTD=1:34.615, RMB:NTD=1:4.4751, KRW:NTD=1:0.02650. Note 2: United Semiconductor Japan Co., Ltd. became consolidated entity on October 1, 2019. 0.36 2.33 181 Special Disclosures Issuance of Private Placement Securities None. Acquisition or Disposal of UMC Shares by Subsidiaries In Thousand NTD, Shares Subsidiary Paid-in Capital Source of Capital Holding % by the Company Acquisition or Disposal Date Shares Acquired and Amount Disposal Shares and Amount Profit/ Loss As of Annual Report Printing Date Shares Amount Fortune Venture Capital Corp. 4,017,344 New shares for cash Note: (1) The data is dated February 26, 2020. 100.00 2020 None None None 16,078,737 105,114 2019 None None None 16,078,737 105,114 (2) None of the above companies pledged UMC shares as collateral. (3) The Company did not provide endorsements or guarantees to these subsidiaries. (4) The Company did not provide loans to these subsidiaries. Other Necessary Supplements None. Disclosures of Events Which May Have a Significant Influence on Stockholders’ Equity or Share Price, in Compliance with Item 3, Paragraph 2 In Article 36 of the Securities and Exchange Law of the R.O.C. during 2019 and as of the Annual Report Printing Date None. 182 United Microelectronics Corporation | Annual Report 2019 Financial Review 184 Condensed Balance Sheets 186 Condensed Statements of Comprehensive Income 188 Financial Analysis 192 Audit Committee’s Review Report 193 Financial Statements – Consolidated 269 Financial Statements – Parent Company 183 Financial Review Condensed Balance Sheets Condensed Balance Sheets-Consolidated In Thousand NTD Item Current assets Property, plant and equipment Intangible assets Other assets Total assets Current liabilities Non-current liabilities Total liabilities Equity attributable to the parent company Capital Additional paid-in capital Retained earnings Before distribution After distribution Before distribution After distribution Before distribution After distribution 2019 2018 2017 2016 2015 153, 7 5 7, 1 4 1 14 1 ,193,432 139,160,486 110,469,594 94,816, 5 2 1 150,374,096 17 2 ,846,595 205,741,681 224,983,404 186,433,395 5 ,198,247 2 ,991,804 60,857,881 4 7,573,075 3,787,509 45,409,486 4,088,303 47, 1 13 ,881 4,504,088 51 ,612,806 370,1 8 7,365 364,604,906 394,099,162 386,655,1 82 337,366,810 72,7 14,322 49,899, 337 88,061,070 7 1 ,978,462 48,245, 5 1 8 * 56,815,442 96,618,093 78,090,621 55,152,491 90,258,62 1 108,169,078 92,000,508 95,935,096 60,303,889 162,972,943 15 8,068, 4 1 5 180,061,578 167,913,558 108,549,407 * 16 4 ,984,520 188,618,601 174,025, 7 1 7 115,456,380 206,804, 35 7 206,069,7 23 213,080,776 216,579,895 226,790,338 1 1 7,575,798 12 4 ,243,1 8 7 126,243,1 8 7 126,243,1 8 7 127,581,329 39,550,394 60,820,280 40 ,399,363 6 1 ,588,543 40,858,350 48,065,899 40,997,092 47,655,1 76 41 ,651,569 50,707,642 * 5 4 ,672,438 39,508,876 41 ,543,0 17 43,800,669 Other components of equity (11,022,314) (14, 5 13 ,940) 2,632,37 7 6,403,477 Treasury stock Non-controlling interests Total equity Before distribution After distribution ( 119,801) 410,065 (5,647,430) (4,719,037) (4,719,037) 466,768 956,808 2,161 ,729 207, 214 ,422 206,536,491 214,037,584 218,741,624 228,817,403 * 199,620,386 205,480, 561 212,629,465 221,910,430 10,675,404 (3,825,606) 2,027,065 Note 1 : * Subject to change based on resolutions of the 2020 shareholders’ meeting. Note 2 : The company listed on the TWSE or traded on the TPEx shall include in its analysis the updated financial data which are audited or reviewed by a CPA for the most recent period up to the publication date of the annual report: None. 184 United Microelectronics Corporation | Annual Report 2019 Condensed Balance Sheets-Parent Company Item Current assets Property, plant and equipment Intangible assets Other assets Total assets Current liabilities Non-current liabilities Total liabilities Equity Capital Additional paid-in capital Retained earnings Other components of equity Treasury stock Total equity Before distribution After distribution Before distribution After distribution Before distribution After distribution Before distribution After distribution 2019 2018 2017 1 0 7,866,299 79,486,445 101,335,770 101, 1 1 5 ,727 106,676,034 1 2 7,101,974 4,082,826 1 1 1 ,315,394 302,750,964 43,764,772 2,886,159 93,849,564 3,459,829 84,756,630 299,187,220 32 1 ,994,467 26,797,263 58,655,702 2016 82,558,263 157,573, 1 3 1 4,015,370 82,908,196 327,054,960 47,397,892 In Thousand NTD 2015 72,211, 2 1 1 169,031,687 4,399,963 80,159,888 325,802,749 41,441,501 * 33,713,368 67,212,725 53,510,051 48,348,474 52,1 8 1 ,835 95,946,607 66,320,234 93, 1 1 7,497 50,257,989 108,913,691 63,077,1 7 3 110,475,065 57,570,910 99,012, 4 1 1 * 100,033,602 1 1 7,470,7 14 116,587,224 105,919,384 206,804,357 1 1 7,575,798 39,550,394 60,820,280 206,069,723 124,243,187 40,399,363 61 ,588,543 213,080,776 126,243,1 8 7 40,858,350 48,065,899 216,579,895 126,243,187 40,997,092 47,655,176 226,790,338 127,581,329 41,651,569 50,707,642 * 54,672,438 39,508,876 41,543,017 43,800,669 ( 1 1 ,022,314) (14,513,940) (119,801) (5,647,430) 2,632,377 (4,719,037) 6,403,477 (4,719,037) 1 0,675,404 (3,825,606) 206,804,357 206,069,723 213,080,776 216,579,895 226,790,338 * 199,1 5 3 ,618 204,523,753 210,467,736 219,883,365 Note 1 : * Subject to change based on resolutions of the 2020 shareholders’ meeting. Note 2 : The company listed on the TWSE or traded on the TPEx shall include in its analysis the updated financial data which are audited or reviewed by a CPA for the most recent period up to the publication date of the annual report: None. 185 Financial Review Condensed Statements of Comprehensive Income Condensed Statements of Comprehensive Income-Consolidated In Thousand NTD Item Operating revenues Gross profit Operating income Non-operating income and expenses Income from continuing operations before income tax Net income Other comprehensive income (loss), net of tax Total comprehensive income (loss) Net income attributable to stockholders of the parent Net income attributable to non- controlling interests Comprehensive income attributable to stockholders of the parent Comprehensive income attributable to non-controlling interests 2019 2018 2017 2016 2015 148,201,641 151,252,571 149,284,706 147,870,124 144,830,421 2 1 ,314,972 4,689,850 1 ,045,787 5,735,637 6,128,767 3,408,785 9,537,552 9,707,614 22,840,027 5,797,232 (3,612,833) 2,184,399 2,643,052 949,944 3,592,996 7,072,990 27,057,758 6,568,321 1,230,1 01 7,798,422 6,631,265 (4,034,355) 2,596,910 9,628,734 30,379,430 6,193,576 (1,346,938) 4,846,638 3,863,075 (4,364,780) (501,705) 8,315,660 31 ,768,527 10,835,657 2,876,488 13,712,1 4 5 12,835,651 (1,794,644) 11,041,007 13,448,624 (3,578,847) (4,429,938) (2,997,469) (4,452,585) (612,973) 13,131,612 8,126,828 5,705,980 3,983,198 11,716,094 (3,594,060) (4,533,832) (3,109,070) (4,484,903) (675,087) Earnings per share (NTD) 0.82 0.58 0.79 0.68 1.08 Note 1 : EPS was calculated based on weighted average shares outstanding for the period. Note 2 : The company listed on the TWSE or traded on the TPEx shall include in its analysis the updated financial data which are audited or reviewed by a CPA for the most recent period up to the publication date of the annual report: None. 186 United Microelectronics Corporation | Annual Report 2019 Condensed Statements of Comprehensive Income-Parent Company In Thousand NTD Item Operating revenues Gross profit Operating income Non-operating income and expenses Income from continuing operations before income tax Net income Other comprehensive income (loss), net of tax 2019 2018 2017 2016 2015 123,622,436 132,834,602 132,179,198 135,592,136 130,685,516 27,161,230 10,281,974 ( 1 ,148,875) 9,133,099 9,707,614 3,423,998 30,548,1 9 1 12,790,237 (6,581,581) 6,208,656 7,072,990 1,053,838 29,718,7 7 1 1 1,538,896 (1,114,125) 10,424,7 7 1 9,628,734 (3,922,754) 28,358,887 28,686,022 9,605,769 (594,179) 9,011,590 8,315,660 (4,332,462) 10,913, 8 1 1 3,032,406 13,946, 2 1 7 13,448,624 (1,732,530) Total comprehensive income 13,131,612 8,126,828 5,705,980 3,983,198 11 ,716,094 Earnings per share (NTD) 0.82 0.58 0.79 0.68 1.08 Note 1 : EPS was calculated based on weighted average shares outstanding for the period. Note 2 : The company listed on the TWSE or traded on the TPEx shall include in its analysis the updated financial data which are audited or reviewed by a CPA for the most recent period up to the publication date of the annual report: None. Auditors’ Opinions from 2015 to 2019 Year 2015 2016 2017 2018 2019 CPA Audit Opinion Shao-Pin Kuo, Meng-Lin Song Unqualified-Modified Opinion Shao-Pin Kuo, Meng-Lin Song Unqualified Opinion with Emphasis of Matter Paragraphs or Other Matter Paragraphs Shao-Pin Kuo, Wan-Ju Chiu Unqualified Opinion with Emphasis of Matter Paragraphs or Other Matter Paragraphs Wan-Ju Chiu, Hsin-Min Hsu Unqualified Opinion with Emphasis of Matter Paragraphs or Other Matter Paragraphs Wan-Ju Chiu, Hsin-Min Hsu Unqualified Opinion with Emphasis of Matter Paragraphs or Other Matter Paragraphs 187 Financial Review Financial Analysis Financial Analysis- Consolidated Item Capital structure Debt ratio (%) Long-term funds to property, plant and equipment (%) Liquidity Current ratio (%) Quick ratio (%) Operating performance Times interest earned (times) Average receivables turnover (times) Days sales outstanding Average inventory turnover (times) Average payables turnover (times) Average inventory turnover days Property, plant and equipment turnover (times) Total assets turnover (times) Profitability Return on assets (%) Return on stockholders' equity attributable to the parent company (%) Pre-tax income to paid-in capital (%) Net profit margin (%) Earnings per share (NTD) Cash Flow Cash flow ratio (%) Cash flow adequacy ratio (%) Cash flow reinvestment ratio (%) Leverage Operating leverage Financial leverage 2019 44.02 169.65 211.45 172. 1 3 2.96 5.98 6 1 6.36 16.19 57 0.92 0.40 2. 3 1 4.70 7.92 4.1 4 0.82 7 5. 5 1 96.56 4.54 23.1 6 2.67 2018 43.35 158.30 282.96 222.80 1.79 6.7 5 54 7.04 19.26 52 0.80 0.40 1.28 3.37 5.32 1.7 5 0.58 102.08 86.78 4.03 19. 1 1 1.91 2017 45.69 129.95 158.03 121.72 4.24 6.78 54 6.93 18.26 53 0.69 0.38 2. 2 1 4.48 8.54 4.44 0.79 59.59 81.49 4.68 16.86 1.58 2016 43.43 124.22 153.48 114.73 4.33 6.98 52 6.78 18.34 54 0.72 0. 4 1 1. 35 3. 7 5 7. 35 2.61 0.68 64. 53 75.74 4. 1 1 17. 7 7 1 . 25 2015 32.1 8 148.23 196.53 155.43 16. 35 6.95 53 6.88 18.65 53 0.82 0.45 4.07 6.00 11.20 8.86 1.08 123.92 89.02 5.93 9.78 1.05 Analysis of changes of over 20% between 2018 and 2019: 1. Current ratio: Due to increase in current portion of long-term liabilities. 2. Quick ratio: Due to increase in current portion of long-term liabilities. 3. Times interest earned: Due to increase in income before income tax. 4. Return on assets: Due to increase in net income. 5. Return on stockholders' equity attributable to the parent company: Due to increase in net income attributable to stockholders of the parent. 6. Pre-tax income to paid-in capital: Due to increase in income before income tax attributable to stockholders of the parent. 7. Net profit margin: Due to increase in net income. 8. Earnings per share: Due to increase in net income attributable to stockholders of the parent. 9. Cash flow reinvestment ratio: Due to increase in current portion of long-term liabilities. 10. Operating leverage: Due to decrease in operating income. 11. Financial leverage: Due to decrease in operating income. 188 United Microelectronics Corporation | Annual Report 2019 Financial Analysis (Continue) Note 1 : The calculation of EPS was based on weighted average shares outstanding for the year. Note 2 : The calculation formulas of financial analysis are listed as follows: 1. Capital structure (1) Debt ratio = total liabilities / total assets (2) Long-term funds to property, plant and equipment = (total equity + bonds payable +long-term loans) / net worth of property, plant and equipment 2. Liquidity (1) Current ratio = current assets / current liabilities (2) Quick ratio = (current assets – inventory – prepaid expenses – non-current assets held for sale – other current assets) / current liabilities (3) Times interest earned = income before interest and tax / interest expenses 3. Operating performance (1) Average receivables (including accounts receivable and notes receivable arising from business operations) turnover = net sales / average receivables (including accounts receivable and notes receivable arising from business operations) for each period (2) Days sales outstanding = 365 / average receivables turnover (3) Average inventory turnover = cost of sales / average inventory (4) Average payables (including accounts payable and notes payable arising from business operations) turnover = cost of sale / average payables (including accounts payable and notes payable arising from business operations) for each period (5) Average inventory turnover days = 365 / average inventory turnover (6) Property, plant and equipment turnover = net sales / average net worth of property, plant and equipment (7) Total assets turnover = net sales / average total assets 4. Profitability (1) Return on assets = [net income + interest expenses (1- tax rate)] / average total assets (2) Return on stockholders' equity attributable to the parent company = net income attributable to stockholders of the parent / average total equity attributable to the parent company (3) Pre-tax income to paid-in capital = income before tax attributable to stockholders of the parent / paid-in capital (4) Net profit margin = net income / net sales (5) Earnings per share = (net income attributable to stockholders of the parent – preferred shares dividends) / weighted average number of outstanding shares 5. Cash flow (1) Cash flow ratio = net cash provided by operating activities / current liabilities (2) Cash flow adequacy ratio = five-year sum of net cash provided by operating activities / five-year sum of capital expenditures, inventory increase and cash dividend (3) Cash flow reinvestment ratio = (net cash provided by operating activities – cash dividend) / (gross property, plant and equipment + long-term investments + other non-current assets + working capital) 6. Leverage (1) Operating leverage = (net operating revenue – variable operating costs and expenses) / operating income (2) Financial leverage = operating income / (operating income – interest expenses) Note 3 : The company listed on the TWSE or traded on the TPEx shall include in its analysis the updated financial data which are audited or reviewed by a CPA for the most recent period up to the publication date of the annual report: None. 189 Financial Review Financial Analysis (Continue) Financial Analysis- Parent Company Item Capital structure Debt ratio (%) Long-term funds to property, plant and equipment (%) Liquidity Current ratio (%) Quick ratio (%) Operating performance Times interest earned (times) Average receivables turnover (times) Days sales outstanding Average inventory turnover (times) Average payables turnover (times) Average inventory turnover days Property, plant and equipment turnover (times) Total assets turnover (times) Profitability Return on assets (%) Return on equity (%) Pre-tax income to paid-in capital (%) Net profit margin (%) Earnings per share (NTD) Cash Flow Cash flow ratio (%) Cash flow adequacy ratio (%) Cash flow reinvestment ratio (%) Leverage Operating leverage Financial leverage 2019 31.69 288.59 246.47 20 4.33 1 2 .1 6 5.95 6 1 6. 1 2 16. 4 1 60 1 . 37 0. 4 1 3.44 4.70 7.7 7 7.85 0.82 106. 1 2 155.1 6 4.09 8 .88 1.09 2018 31. 12 242. 9 1 378. 16 313.86 9. 1 4 6.02 6 1 6. 73 18.60 54 1 . 16 0. 43 2. 47 3. 37 5.00 5. 32 0.58 182. 12 135. 24 4.20 7.82 1.06 2017 33.82 186. 5 1 181.87 150.22 12 . 13 5.69 64 6.90 18.47 53 0.93 0. 41 3. 21 4.48 8.26 7.28 0.79 102.75 121.08 5.95 8.70 1.09 2016 33.78 160.90 174. 18 139.84 1 1.00 6.50 56 7.00 19. 18 52 0.83 0.42 2. 73 3. 75 7. 14 6. 13 0.68 119. 78 97.08 5.56 10.5 5 1.08 2015 30. 39 161 . 3 1 174. 25 13 1 .82 18.45 6.99 52 6. 7 7 18.83 54 0. 8 1 0.42 4. 4 1 6.00 10.93 10.29 1.08 132. 1 7 92.02 5. 5 5 8.99 1.04 Analysis of changes of over 20% between 2018 and 2019: 1. Current ratio, Quick ratio and Cash flow ratio: Due to increase in current liabilities. 2. Times interest earned, Return on assets, Return on equity, Pre-tax income to paid-in capital, Net profit margin and Earnings per share: Due to increase in income before tax and net income. 190 United Microelectronics Corporation | Annual Report 2019 Financial Analysis (Continue) Note 1 : The calculation of EPS was based on weighted average shares outstanding for the year. Note 2 : The calculation formulas of financial analysis are listed as follows: 1. Capital structure (1) Debt ratio = total liabilities / total assets (2) Long-term funds to property, plant and equipment = (total equity + bonds payable +long-term loans) / net worth of property, plant and equipment 2. Liquidity (1) Current ratio = current assets / current liabilities (2) Quick ratio = (current assets – inventory – prepaid expenses – non-current assets held for sale – other current assets) / current liabilities (3) Times interest earned = income before interest and tax / interest expenses 3. Operating performance (1) Average receivables (including accounts receivable and notes receivable arising from business operations) turnover = net sales / average receivables (including accounts receivable and notes receivable arising from business operations) for each period (2) Days sales outstanding = 365 / average receivables turnover (3) Average inventory turnover = cost of sales / average inventory (4) Average payables (including accounts payable and notes payable arising from business operations) turnover = cost of sale / average payables (including accounts payable and notes payable arising from business operations) for each period (5) Average inventory turnover days = 365 / average inventory turnover (6) Property, plant and equipment turnover = net sales / average net worth of property, plant and equipment (7) Total asset turnover = net sales / average total assets 4. Profitability (1) Return on assets = [net income + interest expenses (1- tax rate)] / average total assets (2) Return on equity = net income / average total equity (3) Pre-tax income to paid-in capital = income before tax / paid-in capital (4) Net profit margin = net income / net sales (5) Earnings per share = (net income – preferred shares dividends) / weighted average number of outstanding shares 5. Cash flow (1) Cash flow ratio = net cash provided by operating activities / current liabilities (2) Cash flow adequacy ratio = five-year sum of net cash provided by operating activities / five-year sum of capital expenditures, inventory increase and cash dividend (3) Cash flow reinvestment ratio = (net cash provided by operating activities – cash dividend) / (gross property, plant and equipment + long-term investments + other non-current assets + working capital) 6. Leverage (1) Operating leverage = (net operating revenue – variable operating costs and expenses) / operating income (2) Financial leverage = operating income / (operating income – interest expenses) Note 3 : The company listed on the TWSE or traded on the TPEx shall include in its analysis the updated financial data which are audited or reviewed by a CPA for the most recent period up to the publication date of the annual report: None. 191 Financial Review Audit Committee’s Review Report The Board of Directors has prepared and submitted to us the Company’s 2019 Business Report, Financial Statements, and proposal for earnings distribution. Financial Statements were audited by Ernst & Young and they issued an audited report accordingly. We, as the Audit Committee of the Company, have reviewed the Business Report, Financial Statements, and proposal for earnings distribution and do not find any discrepancies. According to Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act, we hereby submit this report. To United Microelectronics Corporation 2020 Annual General Shareholders’ Meeting Chairman of the Audit Committee: Cheng-Li Huang April 27, 2020 192 United Microelectronics Corporation | Annual Report 2019 s c i n o r t c e l e o r c i M d e t i n U f o s t e e h s e c n a l a b d e t a d i l o s n o c g n i y n a p m o c c a e h t d e t i d u a e v a h e W e h t d n a , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a ) ” y n a p m o C “ e h t ( s e i r a i d i s b u s s t i d n a n o i t a r o p r o C e h t r o f s w o l f h s a c d n a y t i u q e n i s e g n a h c , e m o c n i e v i s n e h e r p m o c f o s t n e m e t a t s d e t a d i l o s n o c d e t a l e r , s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t o t s e t o n d n a , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y l a i c n a n i f d e t a d i l o s n o c e h t “ r e h t e g o t ( s e i c i l o p g n i t n u o c c a t n a c i f i n g i s f o y r a m m u s e h t g n i d u l c n i . ) ” s t n e m e t a t s r e h t O e h t o t r e f e r e s a e l p ( s r o t i d u a r e h t o f o s t r o p e r e h t d n a s t i d u a r u o n o d e s a b , n o i n i p o r u o n I e h t , ) t r o p e r r u o f o n o i t c e s s r o t i d u A t n e n o p m o C f o s t i d u A e h t o t e c n e r e f e R g n i k a M – r e t t a M e h t , s t c e p s e r l a i r e t a m l l a n i , y l r i a f t n e s e r p e v o b a o t d e r r e f e r s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c r i e h t d n a , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a y n a p m o C e h t f o n o i t i s o p l a i c n a n i f d e t a d i l o s n o c d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f s w o l f h s a c d n a e c n a m r o f r e p l a i c n a n i f d e t a d i l o s n o c f o n o i t a r a p e r P e h t g n i n r e v o G s n o i t a l u g e R e h t f o s t n e m e r i u q e r e h t h t i w y t i m r o f n o c n i , 8 1 0 2 , s d r a d n a t S g n i t r o p e R l a i c n a n i F l a n o i t a n r e t n I d n a s r e u s s I s e i t i r u c e S y b s t r o p e R l a i c n a n i F l a i c n a n i F l a n o i t a n r e t n I e h t y b d e p o l e v e d s n o i t a t e r p r e t n I , s d r a d n a t S g n i t n u o c c A l a n o i t a n r e t n I d e s r o d n e s a e e t t i m m o C s n o i t a t e r p r e t n I g n i d n a t S r e m r o f e h t r o e e t t i m m o C s n o i t a t e r p r e t n I g n i t r o p e R . a n i h C f o c i l b u p e R e h t f o n o i s s i m m o C y r o s i v r e p u S l a i c n a n i F y b e v i t c e f f e e m a c e b d n a n o i n i p O r o f s i s a B f o n o i t a t s e t t A d n a g n i t i d u A g n i n r e v o G s n o i t a l u g e R e h t h t i w e c n a d r o c c a n i s t i d u a r u o d e t c u d n o c e W n i d e t p e c c a y l l a r e n e g s d r a d n a t s g n i t i d u a d n a s t n a t n u o c c A c i l b u P d e i f i t r e C y b s t n e m e t a t S l a i c n a n i F e h t n i d e b i r c s e d r e h t r u f e r a s d r a d n a t s e s o h t r e d n u s e i t i l i b i s n o p s e r r u O . a n i h C f o c i l b u p e R e h t r u o f o n o i t c e s s t n e m e t a t S l a i c n a n i F d e t a d i l o s n o C e h t f o t i d u A e h t r o f s e i t i l i b i s n o p s e R ’ s r o t i d u A r o f s c i h t E l a n o i s s e f o r P f o m r o N e h t h t i w e c n a d r o c c a n i y n a p m o C e h t f o t n e d n e p e d n i e r a e W . t r o p e r r e h t o r u o d e l l i f l u f e v a h e w d n a , ) ” m r o N “ e h t ( a n i h C f o c i l b u p e R e h t f o t n a t n u o c c A c i l b u P d e i f i t r e C n o i t a r o p r o C s c i n o r t c e l e o r c i M d e t i n U o T t r o p e R ’ s r o t i d u A t n e d n e p e d n I n o i n i p O N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U S E I R A I D I S B U S D N A S T N E M E T A T S L A I C N A N I F D E T A D I L O S N O C S R O T I D U A T N E D N E P E D N I F O T R O P E R H T I W D E D N E S R A E Y E H T R O F 8 1 0 2 D N A 9 1 0 2 , 1 3 R E B M E C E D . . C O R . , n a w i a T , y t i C u h c n i s H , k r a P e c n e i c S u h c n i s H , I I d a o R n i s H - i L 3 . o N : s s e r d d A 8 5 2 2 - 8 7 5 - 3 - 6 8 8 : e n o h p e l e T r e h t o f o s t r o p e r e h t d n a s t i d u a r u o n o d e s a B . m r o N e h t h t i w e c n a d r o c c a n i s e i t i l i b i s n o p s e r l a c i h t e e h t n I . e s e n i h C n i y l l a n i g i r o d e r a p e r p n e e b e v a h s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e s e h t t a h t d e s i v d a s i r e d a e r e h T o t e t a i r p o r p p a d n a t n e i c i f f u s s i d e n i a t b o e v a h e w e c n e d i v e t i d u a e h t t a h t e v e i l e b e w , s r o t i d u a n o i t a t e r p r e t n i n i e c n e r e f f i d r o n o i s r e v e s e n i h C l a n i g i r o e h t d n a s t n e m e t a t s l a i c n a n i f e s e h t n e e w t e b t c i l f n o c a f o t n e v e . n o i n i p o r u o r o f s i s a b a e d i v o r p . l i a v e r p l l a h s s t n e m e t a t s l a i c n a n i f e g a u g n a l e s e n i h C e h t , s n o i s r e v o w t e h t n e e w t e b 193 Financial Review d e t a d i l o s n o C e h t r o f e c n a n r e v o G h t i w d e g r a h C e s o h T d n a t n e m e g a n a M f o s e i t i l i b i s n o p s e R s t n e m e t a t S l a i c n a n i F l a i c n a n i f d e t a d i l o s n o c e h t f o n o i t a t n e s e r p r i a f d n a n o i t a r a p e r p e h t r o f e l b i s n o p s e r s i t n e m e g a n a M f o n o i t a r a p e r P e h t g n i n r e v o G s n o i t a l u g e R e h t f o s t n e m e r i u q e r e h t h t i w e c n a d r o c c a n i s t n e m e t a t s , s d r a d n a t S g n i t r o p e R l a i c n a n i F l a n o i t a n r e t n I d n a s r e u s s I s e i t i r u c e S y b s t r o p e R l a i c n a n i F l a i c n a n i F l a n o i t a n r e t n I e h t y b d e p o l e v e d s n o i t a t e r p r e t n I , s d r a d n a t S g n i t n u o c c A l a n o i t a n r e t n I d e s r o d n e s a e e t t i m m o C s n o i t a t e r p r e t n I g n i d n a t S r e m r o f e h t r o e e t t i m m o C s n o i t a t e r p r e t n I g n i t r o p e R h c u s r o f d n a a n i h C f o c i l b u p e R e h t f o n o i s s i m m o C y r o s i v r e p u S l a i c n a n i F y b e v i t c e f f e e m a c e b d n a d e t a d i l o s n o c f o n o i t a r a p e r p e h t e l b a n e o t y r a s s e c e n s i s e n i m r e t e d t n e m e g a n a m s a l o r t n o c l a n r e t n i . r o r r e r o d u a r f o t e u d r e h t e h w , t n e m e t a t s s i m l a i r e t a m m o r f e e r f e r a t a h t s t n e m e t a t s l a i c n a n i f e h t g n i s s e s s a r o f e l b i s n o p s e r s i t n e m e g a n a m , s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t g n i r a p e r p n I o t d e t a l e r s r e t t a m , e l b a c i l p p a s a , g n i s o l c s i d , y n a p m o C e h t f o n r e c n o c g n i o g a s a e u n i t n o c o t y t i l i b a o t s d n e t n i r e h t i e t n e m e g a n a m s s e l n u g n i t n u o c c a f o s i s a b n r e c n o c g n i o g e h t g n i s u d n a n r e c n o c g n i o g . o s o d o t t u b e v i t a n r e t l a c i t s i l a e r o n s a h r o , s n o i t a r e p o e s a e c o t r o y n a p m o C e h t e t a d i u q i l r o f e l b i s n o p s e r e r a , s r o s i v r e p u s r o e e t t i m m o c t i d u a g n i d u l c n i , e c n a n r e v o g h t i w d e g r a h c e s o h T . y n a p m o C e h t f o s s e c o r p g n i t r o p e r l a i c n a n i f e h t g n i e e s r e v o l a i c n a n i f d e t a d i l o s n o c e h t r e h t e h w t u o b a e c n a r u s s a e l b a n o s a e r n i a t b o o t e r a s e v i t c e j b o r u O o t f o d n a , r o r r e r o d u a r f o t e u d r e h t e h w , t n e m e t a t s s i m l a i r e t a m m o r f e e r f e r a e l o h w a s a s t n e m e t a t s l e v e l h g i h a s i e c n a r u s s a e l b a n o s a e R . n o i n i p o r u o s e d u l c n i t a h t t r o p e r s ’ r o t i d u a n a e u s s i s d r a d n a t s g n i t i d u a h t i w e c n a d r o c c a n i d e t c u d n o c t i d u a n a t a h t e e t n a r a u g a t o n s i t u b , e c n a r u s s a t i n e h w t n e m e t a t s s i m l a i r e t a m a t c e t e d s y a w l a l l i w a n i h C f o c i l b u p e R e h t n i d e t p e c c a y l l a r e n e g n i r o y l l a u d i v i d n i , f i l a i r e t a m d e r e d i s n o c e r a d n a r o r r e r o d u a r f m o r f e s i r a n a c s t n e m e t a t s s i M . s t s i x e n e k a t s r e s u f o s n o i s i c e d c i m o n o c e e h t e c n e u l f n i o t d e t c e p x e e b y l b a n o s a e r d l u o c y e h t , e t a g e r g g a e h t . s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e s e h t f o s i s a b e h t n o f o c i l b u p e R e h t n i d e t p e c c a y l l a r e n e g s d r a d n a t s g n i t i d u a h t i w e c n a d r o c c a n i t i d u a n a f o t r a p s A e h t t u o h g u o r h t m s i c i t p e k s l a n o i s s e f o r p n i a t n i a m d n a t n e m g d u j l a n o i s s e f o r p e s i c r e x e e w , a n i h C : o s l a e W . t i d u a d n a , s k s i r e s o h t o t e v i s n o p s e r s e r u d e c o r p t i d u a m r o f r e p d n a n g i s e d , r o r r e r o d u a r f o t e u d r e h t e h w e h T . n o i n i p o r u o r o f s i s a b a e d i v o r p o t e t a i r p o r p p a d n a t n e i c i f f u s s i t a h t e c n e d i v e t i d u a n i a t b o , s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t f o t n e m e t a t s s i m l a i r e t a m f o s k s i r e h t s s e s s a d n a y f i t n e d I . 1 s t n e m e t a t S l a i c n a n i F d e t a d i l o s n o C e h t f o t i d u A e h t r o f s e i t i l i b i s n o p s e R s ’ r o t i d u A n i e c n a c i f i n g i s t s o m f o e r e w , t n e m g d u j l a n o i s s e f o r p r u o n i , t a h t s r e t t a m e s o h t e r a s r e t t a m t i d u a y e K f o t x e t n o c e h t n i d e s s e r d d a e r e w s r e t t a m e s e h T . s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c 9 1 0 2 f o t i d u a r u o , n o e r e h t n o i n i p o r u o g n i m r o f n i d n a , e l o h w a s a s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t f o t i d u a r u o . s r e t t a m e s e h t n o n o i n i p o e t a r a p e s a e d i v o r p t o n o d e w d n a e h t s A . n o i l l i m 5 1 7 , 1 2 $ T N o t d e t n u o m a s e i r o t n e v n i t e n s ’ y n a p m o C e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A o t r o d a h t n e m e g a n a m , y g o l o n h c e t n i s e g n a h c d i p a r y b d e z i r e t c a r a h c s i y r t s u d n i r o t c u d n o c i m e s f f o - n e t t i r w e b o t d e t c e p x e e r a t a h t s e i r o t n e v n i g n i v o m w o l s - r o f e v r e s e r a e t a m i t s e d n a e t a u l a v e s a w s e i r o t n e v n i g n i v o m w o l s - r o f n o i t a u l a v e h t g n i t i d u A . e t a d e r u t u f a t a f o d e s o p s i d e s i w r e h t o e h t f o t n u o m a e t a i r p o r p p a e h t f o n o i t a m i t s e s ’ y n a p m o C e h t n i d e v l o v n i t n e m e g d u j o t e u d x e l p m o c s e i t i v i t c a f f o - e t i r w , e g a s u l a c i r o t s i h g n i d u l c n i s t u p n i y e k g n i z i l i t u , e v r e s e r s e i r o t n e v n i g n i v o m w o l s - . r e t t a m t i d u a y e k a s i s i h t r e d i s n o c e w , e r o f e r e h T . g n i g a y r o t n e v n i d n a f o s s e n e v i t c e f f e g n i t a r e p o e h t d e t s e t d n a n g i s e d e h t d e t a u l a v e , g n i d n a t s r e d n u n a d e n i a t b o e W e w , e l p m a x e r o F . s s e c o r p e v r e s e r s e i r o t n e v n i g n i v o m w o l s - s ’ y n a p m o C e h t r e v o s l o r t n o c l a n r e t n i e h t n i d e s u s t u p n i y e k e h t d n a d o h t e m e v r e s e r e h t f o w e i v e r s ’ t n e m e g a n a m r e v o l o r t n o c e h t d e t s e t , d e d u l c n i s e r u d e c o r p t i d u a r u o , e v r e s e r s e i r o t n e v n i g n i v o m w o l s - e h t t s e t o T . s s e c o r p n o i t a u l a v y r o t n e v n i f o n o i t a n i m r e t e d s ’ t n e m e g a n a m f o s s e n e t a i r p o r p p a e h t f o n o i t a u l a v e n a , s r e h t o t s g n o m a d n a e g a s u l a c i r o t s i h s a h c u s a t a d g n i y l r e d n u e h t f o s s e n e t e l p m o c d n a y c a r u c c a e h t g n i t s e t d n a g n i g a d e t a l u c l a c e r o s l a e W . s e g a t n e c r e p e v r e s e r s e i r o t n e v n i e h t g n i n i m r e t e d n i d e s u s e i t i v i t c a f f o - e t i r w . s e i r o g e t a c g n i g a y r o t n e v n i e h t o t s e g a t n e c r e p e v r e s e r e h t f o n o i t a c i l p p a e h t r o f e v r e s e r y r o t n e v n i 6 d n a 5 s e t o N o t r e f e r e s a e l P . s e i r o t n e v n i f o s e r u s o l c s i d f o y c a u q e d a e h t d e t a u l a v e e w , n o i t i d d a n I . s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c s ’ y n a p m o C e h t o t s r o t i d u A t n e n o p m o C f o s t i d u A e h t o t i e c n e r e f e R g n k a M – r e t t a M r e h t O r o f d e t n u o c c a s e r u t n e v t n i o j d n a s e t a i c o s s a n i a t r e c f o s t n e m e t a t s l a i c n a n i f e h t t i d u a t o n d i d e W s t r o p e r e s o h w , s r o t i d u a r e h t o y b d e t i d u a e r e w s t n e m e t a t s l a i c n a n i f e s o h T . d o h t e m y t i u q e e h t r e d n u s t r o p e r e h t n o y l e l o s d e s a b e r a n i e r e h d e s s e r p x e s n o i n i p o r u o d n a , s u o t d e h s i n r u f n e e b e v a h n o e r e h t , 4 0 7 1 1 $ T N o t d e t n u o m a d o h t e m y t i u q e r e d n u s e r u t n e v t n i o j d n a s e t a i c o s s a e s e h T . s r o t i d u a r e h t o f o f o s a s t e s s a l a t o t d e t a d i l o s n o c f o % 9 3 . 2 d n a % 6 1 . 3 g n i t n e s e r p e r , n o i l l i m , 4 1 7 8 $ T N d n a n o i l l i m s e t a i c o s s a e h t m o r f ) s s o l ( s t i f o r p f o s e r a h s d e t a l e r e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D , n o i l l i m ) 1 5 7 ( $ T N d n a n o i l l i m 1 3 2 , 1 $ T N o t d e t n u o m a d o h t e m y t i u q e e h t r e d n u s e r u t n e v t n i o j d n a d e d n e s r a e y e h t r o f x a t e r o f e b e m o c n i d e t a d i l o s n o c e h t f o % ) 7 3 . 4 3 ( d n a % 6 4 . 1 2 g n i t n e s e r p e r e m o c n i e v i s n e h e r p m o c r e h t o f o s e r a h s d e t a l e r e h t d n a , y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D s e i r o t n e v n i g n i v o m w o l s - r o f n o i t a u l a V s r e t t a M t i d u A y e K 194 g n i t l u s e r e n o r o f n a h t r e h g i h s i d u a r f m o r f g n i t l u s e r t n e m e t a t s s i m l a i r e t a m a g n i t c e t e d t o n f o k s i r , 4 8 1 1 $ T N o t d e t n u o m a d o h t e m y t i u q e e h t r e d n u s e r u t n e v t n i o j d n a s e t a i c o s s a e h t m o r f ) s s o l ( r o , s n o i t a t n e s e r p e r s i m , s n o i s s i m o l a n o i t n e t n i , y r e g r o f , n o i s u l l o c e v l o v n i y a m d u a r f s a , r o r r e m o r f . l o r t n o c l a n r e t n i f o e d i r r e v o e h t l a t o t d e t a d i l o s n o c e h t f o % ) 7 2 6 ( . d n a % 1 4 . 2 1 g n i t n e s e r p e r , n o i l l i m ) 5 2 2 ( $ T N d n a n o i l l i m . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f ) s s o l ( e m o c n i e v i s n e h e r p m o c United Microelectronics Corporation | Annual Report 2019 e h t n o h p a r g a r a P r e t t a M r e h t O n a g n i d u l c n i n o i n i p o d e i f i l a u q n u n a d e s s e r p x e d n a d e t i d u a e v a h e W r e b m e c e D d e d n e s r a e y e h t r o f d n a f o s a y n a p m o C e h t f o s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p r e h t O n a g n i s s e r p x e f o e s o p r u p e h t r o f t o n t u b , s e c n a t s m u c r i c e h t n i e t a i r p o r p p a e r a t a h t s e r u d e c o r p t i d u a n g i s e d o t r e d r o n i t i d u a e h t o t t n a v e l e r l o r t n o c l a n r e t n i f o g n i d n a t s r e d n u n a n i a t b O . 2 . y n a p m o C e h t f o l o r t n o c l a n r e t n i e h t f o s s e n e v i t c e f f e e h t n o n o i n i p o . 8 1 0 2 d n a 9 1 0 2 , 1 3 g n i t n u o c c a f o s s e n e l b a n o s a e r e h t d n a d e s u s e i c i l o p g n i t n u o c c a f o s s e n e t a i r p o r p p a e h t e t a u l a v E . 3 . t n e m e g a n a m y b e d a m s e r u s o l c s i d d e t a l e r d n a s e t a m i t s e u J - n a W , u i h C / s / n i M - n i s H , u s H / s / n a w i a T , g n u o Y & t s n r E s t n e v e o t d e t a l e r s t s i x e y t n i a t r e c n u l a i r e t a m a r e h t e h w , d e n i a t b o e c n e d i v e t i d u a e h t n o d e s a b , d n a e h t f o n r e c n o c g n i o g a s a e u n i t n o c o t y t i l i b a e h t n o t b u o d t n a c i f i n g i s t s a c y a m t a h t s n o i t i d n o c r o n i n o i t n e t t a w a r d o t d e r i u q e r e r a e w , s t s i x e y t n i a t r e c n u l a i r e t a m a t a h t e d u l c n o c e w f I . y n a p m o C h c u s f i , r o s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t n i s e r u s o l c s i d d e t a l e r e h t o t t r o p e r s ’ r o t i d u a r u o t i d u a e h t n o d e s a b e r a s n o i s u l c n o c r u O . n o i n i p o r u o y f i d o m o t , e t a u q e d a n i e r a s e r u s o l c s i d s n o i t i d n o c r o s t n e v e e r u t u f , r e v e w o H . t r o p e r s ’ r o t i d u a r u o f o e t a d e h t o t p u d e n i a t b o e c n e d i v e g n i t n u o c c a f o s i s a b n r e c n o c g n i o g e h t f o e s u s ’ t n e m e g a n a m f o s s e n e t a i r p o r p p a e h t n o e d u l c n o C . 4 . n r e c n o c g n i o g a s a e u n i t n o c o t e s a e c o t y n a p m o C e h t e s u a c y a m t n e s e r p e r s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t r e h t e h w d n a , s e t o n g n i y n a p m o c c a e h t g n i d u l c n i , s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t f o t n e t n o c d n a e r u t c u r t s , n o i t a t n e s e r p l l a r e v o e h t e t a u l a v E . 5 . n o i t a t n e s e r p r i a f s e v e i h c a t a h t r e n n a m a n i s t n e v e d n a s n o i t c a s n a r t g n i y l r e d n u e h t l a i c n a n i f d e t a d i l o s n o c e h t n o n o i n i p o n a s s e r p x e o t y n a p m o C e h t n i h t i w s e i t i v i t c a s s e n i s u b p u o r g e h t f o e c n a m r o f r e p d n a n o i s i v r e p u s , n o i t c e r i d e h t r o f e l b i s n o p s e r e r a e W . s t n e m e t a t s r o s e i t i t n e e h t f o n o i t a m r o f n i l a i c n a n i f e h t g n i d r a g e r e c n e d i v e t i d u a e t a i r p o r p p a t n e i c i f f u s n i a t b O . 6 . n o i n i p o t i d u a r u o r o f e l b i s n o p s e r y l e l o s n i a m e r e W . t i d u a 0 2 0 2 , 6 2 y r a u r b e F d e n n a l p e h t , s r e t t a m r e h t o g n o m a , g n i d r a g e r e c n a n r e v o g h t i w d e g r a h c e s o h t h t i w e t a c i n u m m o c e W n i s e i c n e i c i f e d t n a c i f i n g i s y n a g n i d u l c n i , s g n i d n i f t i d u a t n a c i f i n g i s d n a t i d u a e h t f o g n i m i t d n a e p o c s . t i d u a r u o g n i r u d y f i t n e d i e w t a h t l o r t n o c l a n r e t n i , n o i t i s o p l a i c n a n i f d e t a d i l o s n o c e h t t n e s e r p o t y l n o d e d n e t n i e r a s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c g n i y n a p m o c c a e h T e h t n i d e t p e c c a y l l a r e n e g s e c i t c a r p d n a s e l p i c n i r p g n i t n u o c c a h t i w e c n a d r o c c a n i s w o l f h s a c d n a s n o i t a r e p o f o s t l u s e r h c u s t i d u a o t s e c i t c a r p d n a s e r u d e c o r p , s d r a d n a t s e h T . s n o i t c i d s i r u j r e h t o y n a f o e s o h t t o n d n a a n i h C f o c i l b u p e R . a n i h C f o c i l b u p e R e h t n i d e i l p p a d n a d e t p e c c a y l l a r e n e g e s o h t e r a s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c d e d n e t n i t o n e r a s r o t i d u a t n e d n e p e d n i f o t r o p e r d n a s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c g n i y n a p m o c c a e h t , y l g n i d r o c c A e h t n i d e t p e c c a y l l a r e n e g s d r a d n a t s g n i t i d u a r o s e l p i c n i r p g n i t n u o c c a e h t t u o b a d e m r o f n i t o n e r a o h w e s o h t y b e s u r o f . e c i t c a r p n i s n o i t a c i l p p a r i e h t d n a , a n i h C f o c i l b u p e R s r e d a e R o t e c i t o N h t i w d e i l p m o c e v a h e w t a h t t n e m e t a t s a h t i w e c n a n r e v o g h t i w d e g r a h c e s o h t e d i v o r p o s l a e W l l a m e h t h t i w e t a c i n u m m o c o t d n a , e c n e d n e p e d n i g n i d r a g e r s t n e m e r i u q e r l a c i h t e t n a v e l e r d n a , e c n e d n e p e d n i r u o n o r a e b o t t h g u o h t e b y l b a n o s a e r y a m t a h t s r e t t a m r e h t o d n a s p i h s n o i t a l e r . s d r a u g e f a s d e t a l e r , e l b a c i l p p a e r e h w s r e t t a m e s o h t e n i m r e t e d e w , e c n a n r e v o g h t i w d e g r a h c e s o h t h t i w d e t a c i n u m m o c s r e t t a m e h t m o r F e r a d n a s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c 9 1 0 2 f o t i d u a e h t n i e c n a c i f i n g i s t s o m f o e r e w t a h t r o w a l s s e l n u t r o p e r s ’ r o t i d u a r u o n i s r e t t a m e s e h t e b i r c s e d e W . s r e t t a m t i d u a y e k e h t e r o f e r e h t , s e c n a t s m u c r i c e r a r y l e m e r t x e n i , n e h w r o r e t t a m e h t t u o b a e r u s o l c s i d c i l b u p s e d u l c e r p n o i t a l u g e r e s r e v d a e h t e s u a c e b t r o p e r r u o n i d e t a c i n u m m o c e b t o n d l u o h s r e t t a m a t a h t e n i m r e t e d e w f o s t i f e n e b t s e r e t n i c i l b u p e h t h g i e w t u o o t d e t c e p x e e b y l b a n o s a e r d l u o w o s g n i o d f o s e c n e u q e s n o c . n o i t a c i n u m m o c h c u s 195195 Financial Review S T E E H S E C N A L A B D E T A D I L O S N O C 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D ) s r a l l o D n a w i a T w e N f o s d n a s u o h T n i d e s s e r p x E ( 8 1 1 0 1 2 , 2 9 0 5 4 , 8 2 5 9 8 9 , 5 3 7 , 3 2 2 1 9 , 8 3 1 2 3 4 , 8 0 7 6 5 8 , 0 2 9 1 1 , 3 0 2 , 8 1 2 2 3 , 5 2 2 , 1 1 5 8 2 , 8 7 8 , 2 2 3 4 , 3 9 1 , 1 4 1 7 4 8 , 5 5 5 , 1 1 7 7 4 , 5 8 5 , 1 1 7 7 9 , 3 6 3 , 0 1 5 9 5 , 6 4 8 , 2 7 1 - 4 0 8 , 1 9 9 , 2 9 0 9 , 7 8 3 , 6 2 0 4 , 1 6 6 9 9 3 , 7 5 7 , 2 4 6 0 , 1 6 2 , 4 8 9 4 9 7 , 2 2 7 3 4 2 , 4 1 2 3 0 7 , 8 3 4 , 5 2 5 4 9 , 9 8 2 6 6 4 , 4 5 6 0 2 2 , 6 2 8 1 5 , 0 9 2 , 6 5 7 8 , 2 1 9 , 2 2 0 8 , 4 1 7 , 1 2 1 4 1 , 7 5 7 , 3 5 1 9 7 6 , 8 9 2 , 3 1 2 3 2 , 3 2 7 , 4 1 3 4 1 , 2 2 3 , 3 1 6 9 0 , 4 7 3 , 0 5 1 7 1 5 , 1 9 2 , 8 7 4 2 , 8 9 1 , 5 3 8 5 , 7 0 8 , 7 6 0 9 , 7 1 2 3 3 7 , 0 0 6 , 2 8 8 0 , 6 9 5 , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 9 3 7 , 1 6 6 , 3 8 $ 7 7 4 , 2 9 4 , 5 9 $ s e t o N ) 7 2 ( 6 , ) 6 2 ( 6 , ) 1 ( 6 ) 7 ( 2 1 , ) 2 ( 6 , 5 ) 8 1 ( 6 ) 7 2 ( 6 , ) 6 2 ( 6 , ) 3 ( 6 7 , 4 , 4 , 4 4 , 4 , 4 4 4 ) 7 2 ( 6 , ) 6 2 ( 6 , ) 4 ( 6 , 5 , 4 ) 8 1 ( 6 8 , ) 7 2 ( 6 , ) 6 2 ( 6 , ) 7 ( 6 , 5 ) 7 ( 2 1 , 7 , ) 2 ( 6 ) 7 ( 2 1 , ) 5 ( 6 , 5 , 5 7 , ) 6 ( 6 8 7 , ) 6 2 ( 6 , ) 8 ( 6 , ) 6 2 ( 6 , ) 9 ( 6 ) 6 2 ( 6 , ) 3 2 ( 6 , 5 , 4 , 4 , 4 , 4 , 4 , 4 , 4 8 8 4 7 4 , 1 1 4 , 3 2 2 4 2 2 , 0 3 4 , 6 1 2 6 0 9 , 4 0 6 , 4 6 3 $ 5 6 3 , 7 8 1 , 0 7 3 $ ) d e u n i t n o c ( t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a t a s t e s s a l a i c n a n i F s t e s s a l a i c n a n i F s t e s s a t n e r r u c - n o N d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n I t n e m p i u q e d n a t n a l p , y t r e p o r P s t e s s A t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F s t n e l a v i u q e h s a c d n a h s a C s t e s s a t n e r r u C t e n , s e i t r a p d e t a l e r - e l b a v i e c e r s t n u o c c A t n e r r u c , s t e s s a t c a r t n o C e l b a v i e c e r s e t o N t e n , e l b a v i e c e r s t n u o c c A s t e s s a t n e r r u c l a t o T s t e s s a t n e r r u c r e h t O s e l b a v i e c e r r e h t O s t e s s a x a t t n e r r u C t e n , s e i r o t n e v n I s t n e m y a p e r P s r e h t o - s t e s s a t n e r r u c n o n r e h t O s t e s s a t n e r r u c - n o n l a t o T t n e m p i u q e r o f t n e m y a p e r P s t i s o p e d e l b a d n u f e R s t e s s a e s u - f o - t h g i R s t e s s a x a t d e r r e f e D s t e s s a e l b i g n a t n I s t e s s a l a t o T I S E I R A D I S B U S D N A N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I e s e n i h C n i d e u s s I y l l a n i g i r O s t n e m e t a t S l a i c n a n i F d e t a d i l o s n o C f o n o i t a l s n a r T h s i l g n E 196 United Microelectronics Corporation | Annual Report 2019 $ 6 0 2 , 5 1 0 , 2 1 $ ) 7 2 ( 6 , ) 5 2 ( 6 , ) 0 1 ( 6 , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 s e t o N y t i u q E d n a s e i t i l i b a i L S T E E H S E C N A L A B D E T A D I L O S N O C 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D ) s r a l l o D n a w i a T w e N f o s d n a s u o h T n i d e s s e r p x E ( e s e n i h C n i d e u s s I y l l a n i g i r O s t n e m e t a t S l a i c n a n i F d e t a d i l o s n o C f o n o i t a l s n a r T h s i l g n E I S E I R A D I S B U S D N A N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I 1 7 3 , 2 3 9 8 0 8 , 3 0 1 , 3 1 5 4 7 , 1 0 8 , 6 1 6 8 , 5 5 4 , 2 1 2 4 1 , 8 0 0 , 4 2 7 1 , 9 5 0 , 2 - 6 9 3 , 1 2 1 , 5 2 4 8 , 6 1 4 , 5 7 3 3 , 9 9 8 , 9 4 - - 7 4 9 , 8 7 8 , 8 3 4 5 0 , 4 0 2 , 8 2 3 9 6 , 5 6 9 , 1 3 0 9 , 2 1 6 4 7 1 , 7 6 1 , 4 7 0 3 , 0 4 3 , 4 3 8 7 0 , 9 6 1 , 8 0 1 5 1 4 , 8 6 0 , 8 5 1 - 7 8 1 , 3 4 2 , 4 2 1 6 3 3 , 3 7 5 3 1 1 , 7 3 7 , 1 3 8 3 , 8 7 2 , 6 3 9 3 1 8 1 , 8 3 1 6 , 8 0 1 1 0 4 , 8 7 1 7 9 2 , 5 1 5 , 1 0 8 2 , 5 6 8 , 0 1 - 3 6 2 , 3 2 7 , 0 5 ) 8 5 0 , 2 ( ) 6 2 3 , 2 9 6 , 5 ( ) 6 5 5 , 9 1 8 , 8 ( ) 0 3 4 , 7 4 6 , 5 ( 3 2 7 , 9 6 0 , 6 0 2 8 6 7 , 6 6 4 1 9 4 , 6 3 5 , 6 0 2 6 0 9 , 4 0 6 , 4 6 3 5 1 1 , 8 8 9 5 6 0 , 7 7 8 , 8 4 8 1 , 1 3 0 , 3 4 8 3 , 5 3 2 , 5 1 7 0 2 , 9 3 9 7 5 9 , 9 6 5 0 0 6 , 5 9 7 , 4 2 4 0 6 , 2 6 2 , 6 2 2 3 , 4 1 7 , 2 7 0 8 0 , 2 8 4 1 9 5 , 7 8 6 , 8 1 9 9 2 , 0 0 2 , 9 2 6 6 3 , 7 8 0 , 2 8 6 0 , 1 6 4 , 5 3 7 3 , 5 2 0 , 4 0 1 1 , 6 9 1 4 3 7 , 8 1 1 , 0 3 1 2 6 , 8 5 2 , 0 9 3 4 9 , 2 7 9 , 2 6 1 1 1 6 , 2 3 3 7 8 1 , 3 4 2 , 7 1 1 6 3 3 , 3 7 5 1 9 3 , 4 4 7 , 2 0 1 1 , 4 0 4 , 4 3 8 1 2 , 1 8 6 2 , 3 2 1 5 5 4 , 4 1 2 1 1 2 , 3 1 5 0 4 , 6 7 4 , 1 9 7 5 , 2 7 5 , 1 1 0 4 9 , 3 1 5 , 4 1 1 6 7 , 3 3 7 , 4 3 - ) 7 3 3 , 8 4 9 , 8 ( ) 7 7 9 , 3 7 0 , 2 ( ) 1 0 8 , 9 1 1 ( 7 5 3 , 4 0 8 , 6 0 2 5 6 0 , 0 1 4 2 2 4 , 4 1 2 , 7 0 2 ) 7 ( 2 1 , 8 , ) 7 2 ( 6 , ) 5 2 ( 6 , ) 2 1 ( 6 , ) 1 1 ( 6 , 4 7 , ) 5 2 ( 6 , ) 5 1 ( 6 , ) 4 1 ( 6 ) 6 2 ( 6 , ) 5 2 ( 6 , ) 8 ( 6 , 4 ) 8 1 ( 6 , 4 7 , ) 6 2 ( 6 ) 6 2 ( 6 ) 6 2 ( 6 4 ) 7 ( 2 1 , 8 , ) 7 2 ( 6 , ) 5 2 ( 6 , ) 2 1 ( 6 ) 7 ( 2 1 , ) 5 2 ( 6 , ) 1 1 ( 6 , 4 ) 6 2 ( 6 , ) 5 2 ( 6 , ) 8 ( 6 , 4 ) 3 2 ( 6 , 5 , 4 ) 8 1 ( 6 , 4 ) 5 ( 9 , ) 5 2 ( 6 , ) 4 1 ( 6 , 4 ) 3 1 ( 6 , 5 , 4 ) 5 2 ( 6 ) 7 1 ( 6 , ) 6 1 ( 6 , ) 1 1 ( 6 , 4 ) 6 1 ( 6 , ) 1 1 ( 6 , 4 ) 6 2 ( 6 , ) 6 1 ( 6 ) 6 2 ( 6 , 4 ) 7 1 ( 6 , ) 6 1 ( 6 , 4 ) 7 2 ( 6 , ) 6 1 ( 6 $ 5 6 3 , 7 8 1 , 0 7 3 $ . s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t f o t r a p l a r g e t n i n a e r a s e t o n g n i y n a p m o c c a e h T r o g n i r i u q c a m o r f d e v i e c e r r o d i a p n o i t a r e d i s n o c e h t f o e u l a v r i a f e h t n e e w t e b s e c n e r e f f i d e h T s e i r a i d i s b u s e h t f o s t n u o m a g n i y r r a c e h t d n a s e i r a i d i s b u s g n i s o p s i d p i h s r e n w o ’ s e i r a i d i s b u s n i s e g n a h c f o n o i t i n g o c e R d o h t e m y t i u q e g n i s u r o f d e t n u o c c a s e r u t n e v t n i o j d n a s e t a i c o s s a f o s t e s s a t e n n i s e g n a h c f o e r a h S s n o i t p o k c o t s e e y o l p m E s n o i t p o k c o t S r e h t O s g n i n r a e d e n i a t e R e v r e s e r l a i c e p S e v r e s e r l a g e L s g n i n r a e d e t a i r p o r p p a n U y t i u q e f o s t n e n o p m o c r e h t O e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m s t e s s a l a i c n a n i f n o s e s s o l r o s n i a g d e z i l a e r n U s n o i t a r e p o n g i e r o f f o n o i t a l s n a r t n o s e c n e r e f f i d e g n a h c x E y n a p m o c t n e r a p e h t o t e l b a t u b i r t t a y t i u q e l a t o T s t n e m u r t s n i g n i g d e h n o s e s s o l r o s n i a G k c o t s y r u s a e r T y t i u q e l a t o T s t s e r e t n i g n i l l o r t n o c - n o N y t i u q e d n a s e i t i l i b a i l l a t o T 197 s e i t i l i b a i l m r e t - g n o l f o n o i t r o p t n e r r u C s e i t i l i b a i l t n e r r u c l a t o T s e i t i l i b a i l t n e r r u c r e h t O t n e r r u c n o n , s e i t i l i b a i l t i f e n e b d e n i f e d t e N s r e h t o - s e i t i l i b a i l t n e r r u c n o n r e h t O s e i t i l i b a i l t n e r r u c - n o n l a t o T s t i s o p e d e e t n a r a u G s e i t i l i b a i l l a t o T y n a p m o c t n e r a p e h t o t e l b a t u b i r t t a y t i u q E t n e r r u c n o n , s e i t i l i b a i l t c a r t n o C s e i t i l i b a i l t n e r r u c - n o N t n e r r u c n o n , s e i t i l i b a i l e s a e L s e i t i l i b a i l x a t d e r r e f e D s n a o l m r e t - g n o L e l b a y a p s d n o B e c n a v d a n i d e t c e l l o c l a t i p a C l a t i p a c n i - d i a p l a n o i t i d d A s n o i t c a s n a r t k c o t s y r u s a e r T s m u i m e r P k c o t s n o m m o C l a t i p a C t n e r r u c , s e i t i l i b a i l t c a r t n o C e l b a y a p s t n u o c c a d n a s e t o N t n e m p i u q e n o s e l b a y a P s e i t i l i b a i l x a t t n e r r u C t n e r r u c , s e i t i l i b a i l e s a e L s e l b a y a p r e h t O s n a o l m r e t - t r o h S s e i t i l i b a i l t n e r r u C Financial Review English Translation of Consolidated Financial Statements Originally Issued in Chinese UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the years ended December 31, 2019 and 2018 (Expressed in Thousands of New Taiwan Dollars, Except for Earnings per Share) Operating revenues Operating costs Gross profit Operating expenses Sales and marketing expenses General and administrative expenses Research and development expenses Expected credit losses Subtotal Net other operating income and expenses Operating income Non-operating income and expenses Other income Other gains and losses Finance costs Share of profit or loss of associates and joint ventures Bargain purchase gain Exchange loss, net Subtotal Income from continuing operations before income tax Income tax benefit Net income Other comprehensive income (loss) Items that will not be reclassified subsequently to profit or loss Remeasurements of defined benefit pension plans Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income Gains or losses on hedging instruments which will not be reclassified subsequently to profit or loss Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss Income tax related to items that will not be reclassified subsequently Items that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss Income tax related to items that may be reclassified subsequently Total other comprehensive income (loss), net of tax Total comprehensive income (loss) Net income (loss) attributable to: Stockholders of the parent Non-controlling interests Comprehensive income (loss) attributable to: Stockholders of the parent Non-controlling interests Notes 4, 6(18), 7, 14 4, 6(4), 6(9), 6(13), 6(17), 6(19), 7, 14 4, 6(3), 6(9), 6(13), 6(17), 6(18), 6(19), 7, 14 For the years ended December 31, 2019 2018 $ 148,201,641 (126,886,669) $ 151,252,571 (128,412,544) 21,314,972 22,840,027 (3,807,610) (5,436,091) (11,860,244) (703,339) (21,807,284) 5,182,162 4,689,850 1,705,675 1,257,299 (2,997,643) 1,147,495 171,585 (238,624) 1,045,787 5,735,637 393,130 6,128,767 (3,901,912) (4,823,391) (13,025,139) (409,237) (22,159,679) 5,116,884 5,797,232 1,391,376 (1,128,290) (2,851,225) (667,701) - (356,993) (3,612,833) 2,184,399 458,653 2,643,052 106,403 5,486,209 (55,060) 1,454,018 4, 6(7), 6(14), 6(20), 14 4 4, 6(21), 6(27) 6(21) 4, 6(6), 14 4, 6(26) 4, 12 4, 5, 6(23), 14 6(22) 4, 5, 6(13) 4 - (2,572) 1,231,722 (475,139) 4, 5, 6(23) (158,260) 112,384 4, 5, 6(23) (3,277,938) 15,348 (47,009) (23,942) 5,301 3,408,785 9,537,552 $ (12,736) 949,944 3,592,996 $ $ $ 9,707,614 (3,578,847) 6,128,767 $ $ 7,072,990 (4,429,938) 2,643,052 $ 13,131,612 (3,594,060) 9,537,552 $ $ $ 8,126,828 (4,533,832) 3,592,996 Earnings per share (NTD) Earnings per share-basic Earnings per share-diluted 4, 6(24) $ $ 0.82 0.76 $ $ 0.58 0.55 The accompanying notes are an integral part of the consolidated financial statements. 198 United Microelectronics Corporation | Annual Report 2019 y t i u q E l a t o T - n o N g n i l l o r t n o C s t s e r e t n I l a t o T k c o t S y r u s a e r T 4 6 9 , 6 9 7 , 3 1 2 $ 5 0 4 , 8 5 9 $ 9 5 5 , 8 3 8 , 2 1 2 $ ) 7 3 0 , 9 1 7 , 4 ( $ - - - - - - - - - - - - - - - - - - - ) 3 2 0 , 7 5 5 , 8 ( 4 4 9 , 9 4 9 2 5 0 , 3 4 6 , 2 6 9 9 , 2 9 5 , 3 9 6 6 , 9 9 8 , 2 ) 8 1 0 , 1 6 2 , 6 ( - 1 3 1 , 1 1 ) 4 7 0 , 7 ( 2 4 4 , 1 1 ) 5 8 8 , 3 5 7 ( - - - - - - ) 8 3 9 , 9 2 4 , 4 ( ) 4 9 8 , 3 0 1 ( ) 2 3 8 , 3 3 5 , 4 ( - ) 4 7 0 , 7 ( ) 3 1 6 , 8 7 2 ( - ) 3 2 0 , 7 5 5 , 8 ( 0 9 9 , 2 7 0 , 7 8 3 8 , 3 5 0 , 1 8 2 8 , 6 2 1 , 8 9 6 6 , 9 9 8 , 2 - - - - - 3 4 4 , 3 0 2 , 2 ) 8 1 0 , 1 6 2 , 6 ( ) 8 1 0 , 1 6 2 , 6 ( - 1 3 1 , 1 1 - 2 4 4 , 1 1 ) 2 7 2 , 5 7 4 ( - - - - - 2 8 1 , 9 2 1 , 3 - - - - - - - - - - - - - - - ) 3 7 5 , 0 1 ( - - - - - - - - ) 8 5 0 , 2 ( ) 8 5 0 , 2 ( 0 3 0 , 8 5 0 , 1 0 3 0 , 8 5 0 , 1 7 0 2 , 0 2 7 0 2 , 0 2 - - - - - - 9 8 2 , 3 0 8 , 1 2 8 8 , 7 2 3 , 4 ) 3 9 5 , 4 2 5 , 2 ( 1 9 4 , 6 3 5 , 6 0 2 8 6 7 , 6 6 4 3 2 7 , 9 6 0 , 6 0 2 ) 0 3 4 , 7 4 6 , 5 ( ) 8 5 0 , 2 ( ) 6 5 5 , 9 1 8 , 8 ( ) 6 2 3 , 2 9 6 , 5 ( ) 2 6 3 , 4 2 ( ) 0 ( ) 2 6 3 , 4 2 ( - - - ) 5 3 9 , 3 1 ( - 9 2 1 , 2 1 5 , 6 0 2 8 6 7 , 6 6 4 1 6 3 , 5 4 0 , 6 0 2 ) 0 3 4 , 7 4 6 , 5 ( ) 8 5 0 , 2 ( ) 6 5 5 , 9 1 8 , 8 ( ) 1 6 2 , 6 0 7 , 5 ( 3 6 2 , 3 2 7 , 0 5 - - - ) 3 7 8 , 2 6 9 ( ) 3 2 0 , 7 5 5 , 8 ( 0 9 9 , 2 7 0 , 7 ) 1 4 3 , 2 2 ( 9 4 6 , 0 5 0 , 7 3 7 5 , 0 1 - - ) 1 1 3 , 5 7 4 ( ) 0 5 9 , 5 7 4 , 2 ( 3 6 2 , 3 2 7 , 0 5 - - - - - - - - - - - - - - - - - - - ) 5 0 1 , 6 1 9 , 6 ( 7 6 7 , 8 2 1 , 6 5 8 7 , 8 0 4 , 3 2 5 5 , 7 3 5 , 9 4 0 0 , 7 7 3 5 1 4 , 3 6 4 - 5 5 6 , 4 1 ) 8 9 4 , 9 5 8 , 2 ( - 9 3 6 , 3 5 8 4 , 9 - - - ) 3 1 2 , 5 1 ( ) 7 4 8 , 8 7 5 , 3 ( - - ) 5 0 1 , 6 1 9 , 6 ( 4 1 6 , 7 0 7 , 9 8 9 9 , 3 2 4 , 3 ) 0 6 0 , 4 9 5 , 3 ( 2 1 6 , 1 3 1 , 3 1 - - - - - - - 0 4 7 , 4 2 4 0 0 , 7 7 3 5 1 4 , 3 6 4 - 5 5 6 , 4 1 - 5 8 4 , 9 ) 1 0 1 , 1 2 ( - - - - - - - - - - - - - 7 2 1 , 7 8 3 , 8 ) 8 9 4 , 9 5 8 , 2 ( ) 8 9 4 , 9 5 8 , 2 ( - - - - ) 4 5 6 , 7 8 3 ( - - 3 0 9 , 1 5 5 - - - - - - - - - - - - - - - - - 0 3 3 , 1 8 5 , 6 0 3 3 , 1 8 5 , 6 ) 6 7 0 , 2 4 2 , 3 ( ) 6 7 0 , 2 4 2 , 3 ( ) 9 9 2 , 7 0 7 ( ) 5 0 1 , 6 1 9 , 6 ( 4 1 6 , 7 0 7 , 9 4 4 7 , 4 8 8 5 3 , 2 9 7 , 9 - - - - 4 5 6 , 7 8 3 - ) 0 8 2 , 2 2 ( ) 3 0 9 , 1 5 5 ( ) 7 8 9 , 7 5 4 , 3 ( - - - - - - - - - - - - - ) 0 4 9 , 3 1 5 , 4 1 ( 0 4 9 , 3 1 5 , 4 1 - - - - - - - - - - - - 3 7 8 , 2 6 9 - - - - - - 6 2 2 , 6 9 6 1 3 1 , 1 1 ) 2 8 1 , 9 2 1 , 1 ( - 9 3 2 4 4 , 1 1 ) 3 4 6 , 8 4 ( 0 8 2 , 5 6 8 , 0 1 3 6 3 , 9 9 3 , 0 4 - ) 7 2 4 , 0 1 ( 0 8 2 , 5 6 8 , 0 1 6 3 9 , 8 8 3 , 0 4 - - - - - - - - - - - - - - 9 9 2 , 7 0 7 - - - - - - - 4 0 0 , 7 7 3 4 0 8 , 0 3 1 5 5 6 , 4 1 ) 7 2 1 , 7 8 3 , 1 ( - 9 7 1 , 1 5 8 4 , 9 8 5 4 , 5 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 1 6 , 2 3 3 - - - - - - - - - - - - ) 0 0 0 , 0 0 0 , 2 ( 7 8 1 , 3 4 2 , 4 2 1 - 7 8 1 , 3 4 2 , 4 2 1 - - - - - - - - - - - - - - ) 0 0 0 , 0 0 0 , 7 ( 6 4 1 , 2 7 7 1 6 , 2 1 5 , 3 ) 1 7 4 , 0 4 4 , 3 ( 8 5 0 , 2 - 2 2 4 , 4 1 2 , 7 0 2 $ 5 6 0 , 0 1 4 $ 7 5 3 , 4 0 8 , 6 0 2 $ ) 1 0 8 , 9 1 1 ( $ - $ ) 7 7 9 , 3 7 0 , 2 ( $ ) 7 3 3 , 8 4 9 , 8 ( $ 1 6 7 , 3 3 7 , 4 3 $ 0 4 9 , 3 1 5 , 4 1 $ 9 7 5 , 2 7 5 , 1 1 $ 4 9 3 , 0 5 5 , 9 3 $ 1 1 6 , 2 3 3 $ 7 8 1 , 3 4 2 , 7 1 1 $ . s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t f o t r a p l a r g e t n i n a e r a s e t o n g n i y n a p m o c c a e h T y n a p m o C t n e r a P e h t o t e l b a t u b i r t t A y t i u q E y t i u q E f o s t n e n o p m o C r e h t O s g n i n r a E d e n i a t e R l a t i p a C Y T I U Q E N I S E G N A H C F O S T N E M E T A T S D E T A D I L O S N O C 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F ) s r a l l o D n a w i a T w e N f o s d n a s u o h T n i d e s s e r p x E ( d e z i l a e r n U s e s s o L r o s n i a G l a i c n a n i F n o s e s s o L r o s n i a G r e h t O h g u o r h t g n i g d e H n o s t n e m u r t s n I e v i s n e h e r p m o C e m o c n I e u l a V r i a F t a n o s e c n e r e f f i D f o n o i t a l s n a r T n g i e r o F s n o i t a r e p O d e r u s a e M s t e s s A e g n a h c x E d e t a i r p o r p p a n U l a n o i t i d d A s g n i n r a E e v r e s e R l a i c e p S e v r e s e R l a g e L l a t i p a C n i - d i a P n i d e t c e l l o C e c n a v d A k c o t S n o m m o C s e t o N e s e n i h C n i d e u s s I y l l a n i g i r O s t n e m e t a t S l a i c n a n i F d e t a d i l o s n o C f o n o i t a l s n a r T h s i l g n E I S E I R A D I S B U S D N A N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I $ ) 3 1 0 , 7 6 8 , 9 ( $ ) 3 3 5 , 2 1 7 , 5 ( $ 8 9 1 , 3 3 1 , 6 5 $ - $ 7 0 4 , 2 0 9 , 9 $ 0 5 3 , 8 5 8 , 0 4 $ - $ 7 8 1 , 3 4 2 , 6 2 1 $ ) 2 2 ( 6 , ) 6 1 ( 6 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f x a t f o t e n , ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t O ) 6 1 ( 6 ) 6 1 ( 6 ) 6 1 ( 6 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f ) s s o l ( e m o c n i t e N s d n e d i v i d h s a C e v r e s e r l a g e L s g n i n r a e d e n i a t e r 7 1 0 2 f o n o i t u b i r t s i d d n a n o i t a i r p o r p p A 8 1 0 2 , 1 y r a u n a J f o s a e c n a l a b d e t s u j d A ) 7 1 ( 6 , 4 ) 6 1 ( 6 , 4 ) 6 1 ( 6 , 4 ) 6 1 ( 6 , 4 ) 6 1 ( 6 ) 6 1 ( 6 ) 6 1 ( 6 , 3 ) 6 1 ( 6 ) 6 1 ( 6 r o f d e t n u o c c a s e r u t n e v t n i o j d n a s e t a i c o s s a f o s t e s s a t e n n i s e g n a h c f o e r a h S p i h s r e n w o ' s e i r a i d i s b u s n i s e g n a h C d o h t e m y t i u q e g n i s u y r a i d i s b u s f o l a s o p s i D y n a p m o c t n e r a p m o r f d e v i e c e r s e i r a i d i s b u s s d n e d i v i d r o f s t n e m t s u j d A s g n i n r a e d e n i a t e r 8 1 0 2 f o n o i t u b i r t s i d d n a n o i t a i r p o r p p A 9 1 0 2 , 1 y r a u n a J f o s a e c n a l a b d e t s u j d A s n o i t a c i l p p a e v i t c a o r t e r f o t c a p m I 8 1 0 2 , 1 3 r e b m e c e D f o s a e c n a l a B s r e h t O ) s s o l ( e m o c n i e v i s n e h e r p m o c l a t o T n o i t c a s n a r t t n e m y a p d e s a b - e r a h S d e r i u q c a k c o t s y r u s a e r T d e l l e c n a c k c o t s y r u s a e r T e v r e s e r l a i c e p S s d n e d i v i d h s a C e v r e s e r l a g e L ) 2 2 ( 6 , ) 6 1 ( 6 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f x a t f o t e n , ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t O ) 6 1 ( 6 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f ) s s o l ( e m o c n i t e N ) 6 1 ( 6 , ) 1 1 ( 6 ) 7 1 ( 6 , 4 ) 6 1 ( 6 , 4 ) 6 1 ( 6 , 4 ) 6 1 ( 6 , 4 r o f d e t n u o c c a s e r u t n e v t n i o j d n a s e t a i c o s s a f o s t e s s a t e n n i s e g n a h c f o e r a h S p i h s r e n w o ' s e i r a i d i s b u s n i s e g n a h C d o h t e m y t i u q e g n i s u ) s s o l ( e m o c n i e v i s n e h e r p m o c l a t o T n o i t c a s n a r t t n e m y a p d e s a b - e r a h S s d n o b e l b i t r e v n o c f o n o i s r e v n o C d e r i u q c a k c o t s y r u s a e r T d e l l e c n a c k c o t s y r u s a e r T ) 6 2 ( 6 , ) 5 ( 6 r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m s t n e m t s e v n i s t n e m u r t s n i y t i u q e f o l a s o p s i D y n a p m o c t n e r a p m o r f d e v i e c e r s e i r a i d i s b u s s d n e d i v i d r o f s t n e m t s u j d A ) 6 1 ( 6 ) 6 1 ( 6 9 1 0 2 , 1 3 r e b m e c e D f o s a e c n a l a B e m o c n i e v i s n e h e r p m o c s r e h t O 199 Financial Review                     English Translation of Consolidated Financial Statements Originally Issued in Chinese UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended December 31, 2019 and 2018 (Expressed in Thousands of New Taiwan Dollars) Cash flows from operating activities: Net income before tax Adjustments to reconcile net income before tax to net cash provided by operating activities: Depreciation Amortization Expected credit losses Net (gain) loss of financial assets and liabilities at fair value through profit or loss Interest expense Interest income Dividend income Share-based payment Share of (profit) loss of associates and joint ventures Gain on disposal of property, plant and equipment Loss on disposal of investments Impairment loss on non-financial assets Exchange loss on financial assets and liabilities Bargain purchase gain Amortization of deferred government grants Income and expense adjustments Changes in operating assets and liabilities: Financial assets and liabilities at fair value through profit or loss Contract assets Notes receivable and accounts receivable Other receivables Inventories Prepayments Other current assets Contract fulfillment costs Contract liabilities Notes and accounts payable Other payables Other current liabilities Net defined benefit liabilities Other noncurrent liabilities-others Cash generated from operations Interest received Dividend received Interest paid Income tax paid Net cash provided by operating activities (continued) 200 For the years ended December 31, 2019 2018 $ 5,735,637 $ 2,184,399 47,172,881 2,216,654 703,339 (1,279,931) 2,933,815 (994,061) (711,614) 366,186 (1,147,495) (43,036) 16,293 118,134 206,612 (171,585) (4,062,148) 45,324,044 (594,847) (126,340) 439,400 67,347 (1,370,249) 5,833,773 (64,732) 8,054 69,329 (739,066) 514,686 819,746 (35,398) (3,240) 49,948,589 2,100,130 409,237 1,167,735 2,768,672 (789,001) (602,375) 695,669 667,701 (136,743) 19,286 46,225 1,217,590 - (3,885,722) 53,626,993 789,666 (357,515) (1,382,668) 618,317 (46,497) 409,962 333,557 (448,933) (3,020,517) 257,044 (426,302) 191,559 (26,405) - 55,878,144 52,702,660 973,241 818,691 (2,147,320) (618,608) 54,904,148 666,774 782,157 (2,221,301) (995,314) 50,934,976 United Microelectronics Corporation | Annual Report 2019 English Translation of Consolidated Financial Statements Originally Issued in Chinese UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended December 31, 2019 and 2018 (Expressed in Thousands of New Taiwan Dollars) Cash flows from investing activities: Acquisition of financial assets at fair value through profit or loss $ (354,249) $ (593,563) For the years ended December 31, 2019 2018 Proceeds from disposal of financial assets at fair value through profit or loss Proceeds from disposal of equity instruments investments measured at fair value through other comprehensive income or loss Acquisition of investments accounted for under the equity method Proceeds from disposal of investments accounted for under the equity method Increase in prepayment for investments Proceeds from capital reduction and liquidation of investments Acquisition of subsidiary (net of cash acquired) Disposal of subsidiary Derecognition of hedging financial assets and liabilities Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Increase in refundable deposits Decrease in refundable deposits Acquisition of intangible assets Government grants related to assets acquisition Increase in other noncurrent assets-others Decrease in other noncurrent assets-others Net cash used in investing activities Cash flows from financing activities: Increase in short-term loans Decrease in short-term loans Cash payments for the principal portion of the lease liability Redemption of bonds Proceeds from long-term loans Repayments of long-term loans Increase in guarantee deposits Decrease in guarantee deposits Cash dividends Treasury stock acquired Treasury stock sold to employees Change in non-controlling interests Others Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 229,553 44,466 (730,000) 5,970 (17,974) 32,214 (12,800,981) 32,017 - 1,061 - (840,000) - - 61,800 - (9,813) (2,572) (16,518,483) (19,590,075) 45,042 (257,909) 441,013 (2,443,593) 617,685 (15,074) 8,786 200,991 (1,674,984) 691,807 (838,675) 7,129,770 (36,440) 1,090 (31,681,517) (15,499,603) 25,732,933 22,021,005 (26,726,656) (34,309,253) (633,488) (2,500,000) 11,449,930 (7,572,939) 269,415 (17,146) (6,911,058) (2,972,243) - 3,388 10,818 (9,867,046) (1,524,847) 11,830,738 83,661,739 - (7,500,000) 758,500 (2,638,697) 213,432 (125,301) (8,557,684) (6,148,273) 2,204,000 597,385 - (33,484,886) 36,680 1,987,167 81,674,572 $ 95,492,477 $ 83,661,739 The accompanying notes are an integral part of the consolidated financial statements. 201 Financial Review e h t t a e s a e l a , d e n i a t n o c r o , s a w t c a r t n o c a r e h t e h w s s e s s a e r o t t o n d e t c e l e y n a p m o C e h T n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i ) 9 1 0 2 , 1 y r a u n a J ( n o i t a c i l p p a l a i t i n i f o e t a d e r e w t a h t s t c a r t n o c o t 6 1 S R F I y l p p a o t d e t t i m r e p s a w y n a p m o C e h T . 6 1 S R F I n i d e t c e l e y n a p m o C e h T . 4 C I R F I d n a 7 1 S A I g n i y l p p a s e s a e l s a d e i f i t n e d i y l s u o i v e r p o t y l n o y l e v i t c e p s o r t e r d r a d n a t s e h t d e i l p p a d n a n o i t a m r o f n i e v i t a r a p m o c e t a t s e r o t t o n h t i w e c n a d r o c c a n i n o i t a c i l p p a l a i t i n i f o e t a d e h t t a d e t e l p m o c t o n e r e w t a h t s t c a r t n o c f o t c e f f e e v i t a l u m u c e h t d e z i n g o c e r y n a p m o C e h T . 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t g n i t a r e p o s a h y l n o y n a p m o C e h t s A . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I g n i y l p p a y l l a i t i n i : s w o l l o f s a d e z i r a m m u s e r a 6 1 S R F I f o n o i t p o d a e h t m o r f g n i s i r a t c a p m i e h t , s e s a e l s t n e m y a p e s a e l , 7 1 S A I g n i y l p p a s e s a e l g n i t a r e p o s a d e i f i s s a l c e r e w t a h t s e s a e l r o F n o p U . s m r e t e s a e l e h t r e v o s i s a b e n i l - t h g i a r t s a n o s e s n e p x e s a d e z i n g o c e r e r e w r o f t p e c x e , s e s a e l e s o h t d e z i n g o c e r d n a d e r u s a e m y n a p m o C e h t , 6 1 S R F I f o n o i t p o d a t n e s e r p e h t t a s e i t i l i b a i l e s a e l s a , s n o i t p m e x e e s a e l t e s s a e u l a v - w o l r o m r e t - t r o h s e g a r e v a d e t h g i e w s t i g n i s u d e t n u o c s i d , s t n e m y a p e s a e l g n i n i a m e r e h t f o e u l a v , s i s a b e s a e l - y b - e s a e l a n O . 9 1 0 2 , 1 y r a u n a J n o % 4 6 . 2 f o e t a r g n i w o r r o b l a t n e m e r c n i e s a e l e h t o t l a u q e t n u o m a n a t a d e z i n g o c e r d n a d e r u s a e m s a w t e s s a e s u - f o - t h g i r e h t y n a p m o C e h T . ) s t n e m y a p e s a e l d i a p e r p y n a f o t n u o m a e h t y b d e t s u j d a ( y t i l i b a i l y l i r a m i r p s a w n o i t a c i l p p a l a i t i n i f o e t a d e h t t a t c e f f e e v i t a l u m u c e h t d e s s e s s a n i e s a e r c n i n a ; n o i l l i m 5 1 $ T N o t g n i t n u o m a s t n e m y a p e r p n i e s a e r c e d a f o d e t s i s n o c t n e r r u c n o n r e h t o n i e s a e r c e d a ; n o i l l i m 8 7 5 , 8 $ T N o t g n i t n u o m a s t e s s a e s u - f o - t h g i r s e l b a y a p r e h t o n i e s a e r c e d a ; n o i l l i m 1 2 6 , 2 $ T N o t g n i t n u o m a s r e h t o - s t e s s a 6 0 0 , 6 $ T N o t g n i t n u o m a s e i t i l i b a i l e s a e l n i e s a e r c n i n a ; n o i l l i m 0 4 $ T N o t g n i t n u o m a ; n o i l l i m 0 1 $ T N o t g n i t n u o m a r e h t o - l a t i p a c n i - d i a p l a n o i t i d d a n i e s a e r c e d a ; n o i l l i m . n o i l l i m 4 1 $ T N o t g n i t n u o m a y t i u q e f o s t n e n o p m o c r e h t o n i e s a e r c e d a d n a . i r a l i m i s y l b a n o s a e r h t i w s e s a e l f o o i l o f t r o p a o t e t a r t n u o c s i d e l g n i s a y l p p A ) i ( : s e s a e l g n i t a r e p o s a d e i f i s s a l c y l s u o i v e r p s e s a e l o t s i s a b e s a e l - y b - e s a e l a n o s t n e i d e p x e l a c i t c a r p g n i w o l l o f e h t d e s u y n a p m o C e h t , 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n I . i i e h t h c i h w r o f s e s a e l o t s e s a e l m r e t - t r o h s s a y a w e m a s e h t n i t n u o c c a o t t c e l E ) i i ( . 9 1 0 2 , 1 y r a u n a J f o s h t n o m 2 1 n i h t i w s d n e m r e t e s a e l s n i a t n o c t c a r t n o c e h t f i m r e t e s a e l e h t g n i n i m r e t e d n i s a h c u s , t h g i s d n i h e s U ) i i i ( . e s a e l e h t e t a n i m r e t r o d n e t x e o t s n o i t p o . s c i t s i r e t c a r a h c S A I r e d n u s t n e m t i m m o c e s a e l g n i t a r e p o f o e u l a v t n e s e r p e h t n e e w t e b e c n e r e f f i d e h T e t a r g n i w o r r o b l a t n e m e r c n i s ’ e e s s e l e h t t a d e t n u o c s i d 8 1 0 2 , 1 3 r e b m e c e D f o s a 7 1 : w o l e b s a d e n i a l p x e s i 9 1 0 2 , 1 y r a u n a J n o d e z i n g o c e r s e i t i l i b a i l e s a e l d n a . i i i 9 6 3 , 8 0 4 , 7 $ , 1 3 r e b m e c e D f o s a 7 1 S A I r e d n u s t n e m t i m m o c e s a e l g n i t a r e p O 8 1 0 2 1 5 5 , 7 9 9 , 5 $ n o e t a r g n i w o r r o b l a t n e m e r c n i e h t t a d e t n u o c s i d e u l a v t n e s e r P 9 1 0 2 , 1 y r a u n a J ) . . C O R . I S T N E M E T A T S L A C N A N I F D E T A D I L O S N O C O T S E T O N 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n E s r a e Y e h t r o F ) d e i f i c e p S e s i w r e h t O s s e l n u s r a l l o D n a w i a T w e N f o s d n a s u o h T n i d e s s e r p x E ( ( a n i h C f o c i l b u p e R n i d e t a r o p r o c n i s a w ) C M U ( n o i t a r o p r o C s c i n o r t c e l e o r c i M d e t i n U N O I T A Z I N A G R O D N A Y R O T S I H S E I I R A D I S B U S D N A N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I . 1 202 r o t c u d n o c i m e s e c i v r e s l l u f a s i C M U . 2 8 9 1 l i r p A n i s n o i t a r e p o d e c n e m m o c d n a 0 8 9 1 y a M n i y r a n i d r o s ’ C M U . s d e e n r e m o t s u c y f s i t a s o t s e c i v r e s f o y t e i r a v a s e d i v o r p d n a , y r d n u o f r e f a w s t i d n a 5 8 9 1 y l u J n i ) E S W T ( e g n a h c x E k c o t S n a w i a T e h t n o d e t s i l y l c i l b u p e r e w s e r a h s n i ) E S Y N ( e g n a h c x E k c o t S k r o Y w e N e h t n o d e t s i l e r e w ) s S D A ( s e r a h S y r a t i s o p e D n a c i r e m A . 0 0 0 2 r e b m e t p e S , I I d a o R n i s H - i L , 3 . o N s i s s e n i s u b f o e c a l p l a p i c n i r p d n a e c i f f o d e r e t s i g e r s t i f o s s e r d d a e h T d n a C M U f o s e i t i v i t c a g n i t a r e p o l a p i c n i r p e h T . n a w i a T , y t i C u h c n i s H , k r a P e c n e i c S u h c n i s H . 4 1 d n a ) 3 ( 4 s e t o N n i d e b i r c s e d e r a ) ” y n a p m o C e h t “ ( s e i r a i d i s b u s s t i e c n a d r o c c a n i e u s s i r o f d e z i r o h t u a e r e w y n a p m o C e h t f o s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h T . 0 2 0 2 , 6 2 y r a u r b e F n o g n i t e e m ’ s r o t c e r i D f o d r a o B e h t f o n o i t u l o s e r a h t i w E U S S I R O F S T N E M E T A T S I L A C N A N I F F O N O I T A Z I R O H T U A F O S E R U D E C O R P D N A E T A D . 2 S N O I T A T E R P R E T N I D N A S D R A D N A T S D E S I V E R R O D E U S S I Y L W E N . 3 d e s r o d n e e r a h c i h w d e d n e m a r o d e s i v e r , d e u s s i s n o i t a t e r p r e t n I d n a , s d r a d n a t S g n i t n u o c c A s d o i r e p l a u n n a r o f e v i t c e f f e e m o c e b d n a ) ” C S F “ ( n o i s s i m m o C y r o s i v r e p u S l a i c n a n i F y b d n a s d r a d n a t s e h t f o t c a p m i e h t m o r f t r a p A . 9 1 0 2 , 1 y r a u n a J r e t f a r o n o g n i n n i g e b o n e v a h s n o i t a t e r p r e t n i d n a s d r a d n a t s r e h t o l l a , w o l e b d e b i r c s e d s i h c i h w s n o i t a t e r p r e t n i . e c n a m r o f r e p d n a n o i t i s o p l a i c n a n i f s ’ y n a p m o C e h t n o t c a p m i l a i r e t a m l a n o i t a n r e t n I , s d r a d n a t S g n i t r o p e R l a i c n a n i F l a n o i t a n r e t n I d e i l p p a y n a p m o C e h T ) 1 ( n a r e h t e h w g n i n i m r e t e D “ 4 C I R F I , ) ” 7 1 S A I “ ( ” s e s a e L “ 7 1 S A I s e c a l p e r 6 1 S R F I d n a ” s e v i t n e c n I - s e s a e L g n i t a r e p O “ 5 1 C I S , ) ” 4 C I R F I “ ( ” e s a e L a s n i a t n o c t n e m e g n a r r A ) ” 6 1 S R F I “ ( ” s e s a e L “ 6 1 S R F I . a 6 0 9 , 8 7 5 4 , 6 0 0 , 6 $ d e s i c r e x e e b o t n i a t r e c y l b a n o s a e r n o i t p o n o i s n e t x e n A : d d A r o f ” e s a e L a f o m r o F l a g e L e h t n i s n o i t c a s n a r T f o e c n a t s b u S e h t g n i t a u l a v E “ 7 2 C I S 9 1 0 2 , 1 y r a u n a J f o s a s e i t i l i b a i l e s a e L . 9 1 0 2 , 1 y r a u n a J r e t f a r o n o g n i n n i g e b s d o i r e p l a u n n a United Microelectronics Corporation | Annual Report 2019 g n i g d e h l l a o t y l p p a h c i h w , s n o i t p e c x e f o r e b m u n a e d u l c n i s t n e m d n e m a e h T g n i g d e h A . m r o f e r k r a m h c n e b e t a r t s e r e t n i y b d e t c e f f a y l t c e r i d e r a t a h t s p i h s n o i t a l e r o t e s i r s e v i g m r o f e r k r a m h c n e b e t a r t s e r e t n i e h t f i d e t c e f f a y l t c e r i d s i p i h s n o i t a l e r e h t f o s w o l f h s a c d e s a b - k r a m h c n e b f o t n u o m a r o d n a g n i m i t e h t t u o b a s e i t n i a t r e c n u o t s n o i t p e c x e e h t y l p p a l l a h s y t i t n e e h t , e c n e H . t n e m u r t s n i g n i g d e h e h t r o m e t i d e g d e h . m r o f e r k r a m h c n e b e t a r t s e r e t n i e h t y b d e t c e f f a y l t c e r i d s p i h s n o i t a l e r g n i g d e h l l a m r o f e R k r a m h c n e B e t a R t s e r e t n I - ” s e r u s o l c s i D : s t n e m u r t s n I l a i c n a n i F “ 7 S R F I d n a ) ” 9 3 S A I “ ( ” t n e m e r u s a e M d n a n o i t i n g o c e R : s t n e m u r t s n I l a i c n a n i F “ 9 3 S A I , ) ” 9 S R F I “ ( ” s t n e m u r t s n I l a i c n a n i F “ 9 S R F I . d e h t h c i h w n o k r a m h c n e b e t a r t s e r e t n i e h t t a h t e m u s s a l l a h s y t i t n e n a , e l b a b o r p y l h g i h k r a m h c n e b e t a r t s e r e t n i e h t f o t l u s e r a s a d e r e t l a t o n s i d e s a b e r a s w o l f h s a c d e g d e h s i n o i t c a s n a r t t s a c e r o f a r e h t e h w g n i n i m r e t e d n e h W : t n e m e r i u q e r e l b a b o r p y l h g i h . i k s i r d e g d e h , m e t i d e g d e h e h t h c i h w n o k r a m h c n e b e t a r t s e r e t n i e h t t a h t e m u s s a e t a r t s e r e t n i e h t f o t l u s e r a s a d e r e t l a t o n s i d e s a b e r a t n e m u r t s n i g n i g d e h r o / d n a l l a h s y t i t n e n a , s t n e m s s e s s a e v i t c e p s o r p g n i m r o f r e p n e h W : s t n e m s s e s s a e v i t c e p s o r p . i i . m r o f e r k r a m h c n e b f o e g n a r a n i h t i w e r a e g d e h e h t f o s t l u s e r l a u t c a e h t . e . i ( t n e m s s e s s a e v i t c e p s o r t e r k r a m h c n e b e t a r t s e r e t n i e h t y b d e t c e f f a y l t c e r i d s p i h s n o i t a l e r g n i g d e h r o f ) % 5 2 1 ~ 0 8 9 3 S A I e h t e k a t r e d n u o t d e r i u q e r t o n s i y t i t n e n A : t n e m s s e s s a e v i t c e p s o r t e r 9 3 S A I . i i i y l e t a r a p e s e h t y l p p a l l a h s y t i t n e n a , k s i r e t a r t s e r e t n i f o t n e n o p m o c k r a m h c n e b d e i f i c e p s y l l a u t c a r t n o c - n o n a f o s e g d e h r o F : s t n e n o p m o c k s i r e l b a i f i t n e d i y l e t a r a p e s . v i . s p i h s n o i t a l e r g n i g d e h h c u s f o n o i t p e c n i e h t t a y l n o t n e m e r i u q e r e l b a i f i t n e d i . m r o f e r . m r o f e r d n a s t n e m e r i u q e r s n o i t p e c x e e h t f o n o i t a c i l p p a f o d n e e h t e d u l c n i o s l a s t n e m d n e m a e h T . s t n e m d n e m a e h t f o s t n e m e r i u q e r s e r u s o l c s i d d e t a l e r e h t : e d u l c n i s t n e m d n e m a e h T s d r a d n a t s d e n o i t n e m e r o f a e h t f o t c a p m i l a i t n e t o p e h t g n i t a u l a v e y l t n e r r u c s i y n a p m o C e h T , e c n a m r o f r e p d n a n o i t i s o p l a i c n a n i f s ’ y n a p m o C e h t o t ) d ( ~ ) b ( d e t s i l s n o i t a t e r p r e t n i d n a . d e t e l p m o c s i n o i t a u l a v e e h t n e h w d e s o l c s i d e b l l i w t c a p m i d e t a l e r e h t d n a s d o i r e p l a u n n a r o f e v i t c e f f E e b o t e r a s e t a d e v i t c e f f e e h t ( C S F y b d e s r o d n e t e y t o n t u b B S A I y b d e u s s i s d r a d n a t S ) 3 ( : w o l e b d e t s i l e r a ) C S F y b d e n i m r e t e d r e t f a r o n o g n i n n i g e b s n o i t a t e r p r e t n I r o s d r a d n a t S f o s t c e j o r p e h T . o N B S A I y b d e n i m r e t e d e b o T n a n e e w t e b s t e s s A f o n o i t u b i r t n o C r o e l a S d n a 0 1 S R F I 1 2 0 2 , y r a u n a J 2 2 0 2 , y r a u n a J 1 1 r o t n e r r u C s a s e i t i l i b a i L f o n o i t a c i f i s s a l C s t c a r t n o C e c n a r u s n I 7 1 S R F I 1 S A I s e r u t n e V t n i o J r o e t a i c o s s A s t i d n a r o t s e v n I 8 2 S A I t n e r r u c - n o N e r a h c i h w ) ” B S A I “ ( d r a o B s d r a d n a t S g n i t n u o c c A l a n o i t a n r e t n I y b d e u s s i s d r a d n a t S ) 2 ( : w o l e b d e t s i l e r a y n a p m o C e h t y b d e t p o d a t e y t o n t u b , C S F y b d e s r o d n e s d o i r e p l a u n n a r o f e v i t c e f f E r e t f a r o n o g n i n n i g e b s n o i t a t e r p r e t n I r o s d r a d n a t S f o s t c e j o r p e h T . o N 0 2 0 2 , 1 y r a u n a J s s e n i s u B a f o n o i t i n i f e D s t n e m d n e m A 0 2 0 2 , 1 y r a u n a J l a i r e t a M f o n o i t i n i f e D s t n e m d n e m A 3 S R F I o t 0 2 0 2 , 1 y r a u n a J m r o f e R k r a m h c n e B e t a R t s e r e t n I s t n e m d n e m A 1 S A I o t 8 d n a . s n o i t a n i b m o C s s e n i s u B 3 S R F I n i s s e n i s u b a f o n o i t i n i f e d e h t y f i r a l c s t n e m d n e m a e h T n o i t c a s n a r t a r e h t e h w e n i m r e t e d o t s e i t i t n e t s i s s a o t d e d n e t n i e r a s t n e m d n e m a e h T ) t n e m d n e m A ( s s e n i s u B a f o n o i t i n i f e D - ) ” 3 S R F I “ ( ” s n o i t a n i b m o C s s e n i s u B “ 3 S R F I . n o i t i s i u q c a t e s s a n a s a r o n o i t a n i b m o c s s e n i s u b a s a r o f d e t n u o c c a e b d l u o h s . b n a r e h t e h w e n i m r e t e d o t e v i t c e p s r e p s ’ t n a p i c i t r a p t e k r a m a t p o d a o t s e u n i t n o c 3 S R F I e h t y f i r a l c s t n e m d n e m a e h T . s s e n i s u b a s i s t e s s a d n a s e i t i v i t c a f o t e s d e r i u q c a n a r e h t e h w s s e s s a s e i t i t n e p l e h o t e c n a d i u g d d a ; s s e n i s u b a r o f s t n e m e r i u q e r m u m i n i m ; s t u p t u o f o d n a s s e n i s u b a f o s n o i t i n i f e d e h t w o r r a n d n a ; e v i t n a t s b u s s i s s e c o r p d e r i u q c a . c t e t a h t s e t a t s t I . l a i r e t a m f o n o i t i n i f e d w e n y f i r a l c o t s i t n e m d n e m a n i a m e h T e b y l b a n o s a e r d l u o c t i g n i r u c s b o r o g n i t a t s s i m , g n i t t i m o f i l a i r e t a m s i n o i t a m r o f n i “ l a i c n a n i f e s o p r u p l a r e n e g f o s r e s u y r a m i r p e h t t a h t s n o i s i c e d e c n e u l f n i o t d e t c e p x e l a i c n a n i f e d i v o r p h c i h w , s t n e m e t a t s l a i c n a n i f e s o h t f o s i s a b e h t n o e k a m s t n e m e t a t s y t i l a i r e t a m t a h t y f i r a l c s t n e m d n e m a e h T ” . y t i t n e g n i t r o p e r c i f i c e p s a t u o b a n o i t a m r o f n i s s e s s a o t d e e n l l i w y t i t n e n A . n o i t a m r o f n i f o e d u t i n g a m r o e r u t a n e h t n o d n e p e d l l i w s i , n o i t a m r o f n i r e h t o h t i w n o i t a n i b m o c n i r o y l l a u d i v i d n i r e h t i e , n o i t a m r o f n i e h t r e h t e h w . s t n e m e t a t s l a i c n a n i f e h t f o t x e t n o c e h t n i l a i r e t a m ) t n e m d n e m A ( l a i r e t a M f o n o i t i n i f e D - ” s r o r r E d n a s e t a m i t s E g n i t n u o c c A n i s e g n a h C , s e i c i l o P g n i t n u o c c A “ 8 S A I d n a ) ” 1 S A I “ ( ” s t n e m e t a t S l a i c n a n i F f o n o i t a t n e s e r P “ 1 S A I . c , 9 S R F I o t d n a 9 3 S A I 7 S R F I 203 Financial Review e h t h c i h w n o e t a d e h t ( n o i t i s i u q c a f o e t a d e h t m o r f d e t a d i l o s n o c y l l u f e r a s e i r a i d i s b u S h c u s t a h t e t a d e h t l i t n u d e t a d i l o s n o c e b o t e u n i t n o c d n a , ) l o r t n o c s n i a t b o y n a p m o C r o , o t d e s o p x e s i y n a p m o C e h t n e h w y t i t n e n a s l o r t n o c y n a p m o C e h T . s e s a e c l o r t n o c o t y t i l i b a e h t s a h d n a y t i t n e e h t h t i w t n e m e v l o v n i s t i m o r f s n r u t e r e l b a i r a v , o t s t h g i r s a h e h t f o s t n e m e t a t s l a i c n a n i f e h T . y t i t n e e h t r e v o r e w o p s t i h g u o r h t s n r u t e r e s o h t t c e f f a g n i s u , y n a p m o c t n e r a p e h t s a d o i r e p g n i t r o p e r e m a s e h t r o f d e r a p e r p e r a s e i r a i d i s b u s s n i a g d e z i l a e r n u , s n o i t c a s n a r t , s e c n a l a b p u o r g - a r t n i l l A . s e i c i l o p g n i t n u o c c a t n e t s i s n o c . l l u f n i d e t a n i m i l e e r a s n o i t c a s n a r t p u o r g - a r t n i m o r f g n i t l u s e r s d n e d i v i d d n a s e s s o l d n a s i , l o r t n o c f o e g n a h c a t u o h t i w , y r a i d i s b u s a f o t s e r e t n i p i h s r e n w o e h t n i e g n a h c A s i s e i r a i d i s b u s f o e m o c n i e v i s n e h e r p m o c l a t o T . n o i t c a s n a r t y t i u q e n a s a r o f d e t n u o c c a f i n e v e s t s e r e t n i g n i l l o r t n o c - n o n e h t o t d n a t n e r a p e h t f o s r e d l o h k c o t s e h t o t d e t u b i r t t a . e c n a l a b t i c i f e d a g n i v a h s t s e r e t n i g n i l l o r t n o c - n o n e h t n i s t l u s e r s i h t s t e s s a e h t s e z i n g o c e r e d y n a p m o C e h t , y r a i d i s b u s a r e v o l o r t n o c s e s o l y n a p m o C e h t f I y l s u o i v e r p s t s e r e t n i g n i l l o r t n o c - n o n y n a s a l l e w s a , y r a i d i s b u s e h t f o s e i t i l i b a i l d n a s i d n a s s o l r o t i f o r p n i d e z i n g o c e r s i s s o l r o n i a g A . y n a p m o C e h t y b d e d r o c e r n o i t a r e d i s n o c f o e u l a v r i a f e h t f o e t a g e r g g a e h t ) a ( : n e e w t e b e c n e r e f f i d e h t s a d e t a l u c l a c d n a ; t s o l s i l o r t n o c n e h w e t a d e h t t a t s e r e t n i d e n i a t e r y n a f o e u l a v r i a f e h t d n a d e v i e c e r e h t f o s e i t i l i b a i l d n a , ) l l i w d o o g g n i d u l c n i ( s t e s s a e h t f o t n u o m a g n i y r r a c s u o i v e r p e h t ) b ( d e z i n g o c e r y l s u o i v e r p s s o l r o n i a g y n A . s t s e r e t n i g n i l l o r t n o c - n o n y n a d n a y r a i d i s b u s d e r r e f s n a r t r o s s o l r o t i f o r p o t d e i f i s s a l c e r e b d l u o w e m o c n i e v i s n e h e r p m o c r e h t o e h t n i y n a f o e u l a v r i a f e h T . s S R F I T r e h t o y b d e r i u q e r f i s g n i n r a e d e n i a t e r o t y l t c e r i d d e d r a g e r s i t s o l s i l o r t n o c n e h w e t a d e h t t a y r a i d i s b u s r e m r o f e h t n i d e n i a t e r t n e m t s e v n i . t n e m t s e v n i n a f o n o i t i n g o c e r l a i t i n i n o t s o c e h t s a ) % ( , 1 3 r e b m e c e D f o s A p i h s r e n w o f o e g a t n e c r e P . 0 0 0 0 1 . 0 0 0 0 1 8 1 0 2 0 0 . 0 0 1 . 0 0 0 0 1 9 1 0 2 s e i t i v i t c a t r o p p u s g n i t e k r a M I S C N O R T C E L E O R C M D E T I N U I s e l a S C I ) A S U ( P U O R G C M U e r u t a n s s e n i s u B y r a i d i s b u S r o t s e v n I : s w o l l o f s a e r a s e i t i t n e d e t a d i l o s n o c e h T . b 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A d n a 0 1 S R F I n i s t n e m e r i u q e r e h t n e e w t e b y c n e t s i s n o c n i e h t s s e r d d a s t n e m d n e m a e h T n a o t d e t u b i r t n o c s i t a h t y r a i d i s b u s a f o l o r t n o c f o s s o l e h t h t i w g n i l a e d n i , 8 2 S A I m o r f g n i s i r a s e s s o l d n a s n i a g s t c i r t s e r 8 2 S A I . e r u t n e v t n i o j a r o e t a i c o s s a f o t n e t x e e h t o t e r u t n e v t n i o j a r o e t a i c o s s a n a o t s t e s s a y r a t e n o m - n o n f o s n o i t u b i r t n o c . e r u t n e v t n i o j r o e t a i c o s s a e h t n i s r e d l o h y t i u q e r e h t o e h t o t e l b a t u b i r t t a t s e r e t n i e h t . y r a i d i s b u s a f o l o r t n o c f o s s o l e h t n o n o i t i n g o c e r s s o l r o t i f o r p l l u f s e r i u q e r 0 1 S R F I f o n o i t u b i r t n o c r o e l a s e h t m o r f g n i t l u s e r s s o l r o n i a g e h t t a h t o s d e d n e m a s a w 8 2 S A I s t i d n a r o t s e v n i n a n e e w t e b 3 S R F I n i d e n i f e d s a s s e n i s u b a e t u t i t s n o c t a h t s t e s s a e h t t a h t o s d e d n e m a o s l a s a w 0 1 S R F I . l l u f n i d e z i n g o c e r s i e r u t n e v t n i o j r o e t a i c o s s a t o n s e o d t a h t y r a i d i s b u s a f o n o i t u b i r t n o c r o e l a s e h t m o r f g n i t l u s e r s s o l r o n i a g t n i o j r o e t a i c o s s a s t i d n a r o t s e v n i n a n e e w t e b 3 S R F I n i d e n i f e d s a s s e n i s u b a e t u t i t s n o c e h t n i s t s e r e t n i ’ s r o t s e v n i d e t a l e r n u e h t f o t n e t x e e h t o t y l n o d e z i n g o c e r s i e r u t n e v ) ” 8 2 S A I “ ( ) t n e m d n e m A ( s e r u t n e V t n i o J r o e t a i c o s s A s t i d n a r o t s e v n I n a n e e w t e b s t e s s A f o n o i t u b i r t n o C r o e l a S - 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L R S 1 A I L A T I X E N L A C O S I R E W O P X E N g n i d l o h t n e m t s e v n I Y G O L O N H C E T E N H S O F N I I E B I ) E N H S O F N I ( D E T I M I L . 0 0 0 0 1 . 0 0 0 0 1 g n i d l o h t n e m t s e v n I I S E T A C O S S A D O O W K A O I E N H S O F N I g n i r u t c a f u n a m r o t c u d n o c i m e S , . O C N A P A J Y G O L O N H C E T C M U d n a t n e m p o l e v e d y g o l o n h c e t . D T L e c n a r u s n I . D T L . E T P A T I V P C E e r u t a n s s e n i s u B y r a i d i s b u S r o t s e v n I I N M O I N M O K E T E V A W A O M A S - K E T E V A W ) % ( , 1 3 r e b m e c e D f o s A p i h s r e n w o f o e g a t n e c r e P 0 0 . 0 0 1 0 0 . 0 0 1 r o f g n i n n a l p d n a g n i t l u s n o C L A T I P A C E R U T N E V E N U T R O F 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 s e i t i v i t c a t r o p p u s g n i t e k r a M . D T L , . O C A E R O K C M U l a t i p a c e r u t n e v ) E N U T R O F ( . P R O C s e l a S C I N A P A J P U O R G C M U g n i d l o h t n e m t s e v n I ) I N M O ( D E T I M I L L A B O L G I N M O g n i d l o h t n e m t s e v n I D E T I M I L N O G A R A P O N I S g n i d l o h t n e m t s e v n I L A N O I T A N R E T N I E T I L E T S E B ) E B ( D E T I M I L 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 8 1 0 2 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 9 1 0 2 g n i d l o h t n e m t s e v n I . P R O C L A T I P A C C M U g n i d l o h t n e m t s e v n I ) E G ( D E T I M I L H T R A E N E E R G g n i d l o h t n e m t s e v n I ) A O M A S ( T N E M T S E V N I C M U l a t i p a c e r u t n e V ) C L T ( . D T L , . O C L A T I P A C C L T D E T I M I L e r u t a n s s e n i s u B y r a i d i s b u S r o t s e v n I C M U C M U C M U C M U C M U C M U C M U C M U C M U C M U C M U 4 1 8 9 . 4 1 8 9 . f o g n i r u t c a f u n a m d n a s e l a S Y G O L O N H C E T N A I J E H D O O W K A O s t i u c r i c d e t a r g e t n i . D T L , . O C N A P A J ) D O O W K A O ( D E T I M I L - 0 0 . 0 0 1 f o g n i r u t c a f u n a m d n a s e l a S R O T C U D N O C M E S D E T I N U I . 0 0 0 0 1 . 0 0 0 0 1 n g i s e d s t i u c r i c d e t a r g e t n I I R O T C U D N O C M E S S D D E T I N U N A I J E H s e i r e t t a b r e w o p r a l o s ) R E W O P X E N ( . P R O C C L T s e c i v r e s . D T L , . O C ) G N O D N A H S ( 7 4 . 8 7 9 4 . 0 8 f o g n i r u t c a f u n a m d n a s e l a S I S C N O R T C E L E O R C M K E T E V A W I E N U T R O F d n a C M U s t i u c r i c d e t a r g e t n i ) N A I J E H ( . D T L , . O C ) U O H Z U S ( 6 3 . 3 9 6 3 . 3 9 f o g n i r u t c a f u n a m d n a s e l a S Y G O L O N H C E T R E W O P X E N d n a E N U T R O F , C M U n o i t a r e d i s n o c e h T . d o h t e m n o i t i s i u q c a e h t g n i s u r o f d e t n u o c c a e r a s n o i t a n i b m o c s s e n i s u B e h t t a d e r u s a e m e r a d e m u s s a s e i t i l i b a i l d n a d e r i u q c a s t e s s a e l b a i f i t n e d i e h t , d e r r e f s n a r t e h t n i s t s e r e t n i g n i l l o r t n o c - n o n f o s t n e n o p m o c e h t r o F . e u l a v r i a f e t a d n o i t i s i u q c a e t a n o i t r o p o r p a o t s r e d l o h r i e h t e l t i t n e d n a s t s e r e t n i p i h s r e n w o t n e s e r p e r a t a h t e e r i u q c a r e h t i e t a s e r u s a e m r e r i u q c a e h t , n o i t a d i u q i l f o t n e v e e h t n i s t e s s a t e n s ’ y t i t n e e h t f o e r a h s s ’ e e r i u q c a e h t f o e r a h s e t a n o i t r o p o r p s ’ t s e r e t n i g n i l l o r t n o c - n o n e h t t a r o e u l a v r i a f e r a d n a d e r r u c n i s a d e s n e p x e e r a s t s o c d e t a l e r - n o i t i s i u q c A . s t e s s a t e n e l b a i f i t n e d i . s e s n e p x e e v i t a r t s i n i m d a r e d n u d e i f i s s a l c s e i t i l i b a i l d n a d e r i u q c a s t e s s a e h t s e s s e s s a t i , s s e n i s u b a s e r i u q c a y n a p m o C e h t n e h W l a u t c a r t n o c e h t h t i w e c n a d r o c c a n i n o i t a n g i s e d d n a n o i t a c i f i s s a l c e t a i r p o r p p a r o f d e m u s s a . e t a d n o i t i s i u q c a e h t t a s a s n o i t i d n o c t n e n i t r e p d n a s e c n a t s m u c r i c c i m o n o c e , s m r e t 2 2 5 6 . 2 2 5 6 . f o g n i r u t c a f u n a m d n a s e l a S R O T C U D N O C M E S D E T I N U I I P I H C O R C M D E T I N U s t i u c r i c d e t a r g e t n i . D T L , . O C ) N E M A X I ( d n a N O I T A R O P R O C N A I J E H l l i w d o o G d n a s n o i t a n i b m o C s s e n i s u B ) 4 ( 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 s t i u c r i c d e t a r g e t n i ) K E T E V A W ( N O I T A R O P R O C g n i d l o h t n e m t s e v n I ) A S U ( L A T I P A C C M U . P R O C L A T I P A C C M U g n i d l o h t n e m t s e v n I . P R O C L A T I P A C G N R A O S I C L T d n a g n i d l o h t n e m t s e v n I R O S I V D A H T U R T I N U L A T I P A C G N R A O S I 0 0 . 0 0 1 0 0 . 0 0 1 g n i d l o h t n e m t s e v n I I P I H C O R C M D E T I N U y r o s i v d a . D T L , . O C ) I A H G N A H S ( . P R O C E G N O I T A R O P R O C 0 0 . 0 0 1 0 0 . 0 0 1 s e c i v r e s l a c i n h c e t y g r e n E T N E M P O L E V E D Y G R E N E A R E T E N U T R O F 0 0 . 0 0 1 0 0 . 0 0 1 g n i d l o h t n e m t s e v n I Y G R E N E H C R R E V E I Y G R E N E A R E T D E T I M I L ) K H ( T N E M T S E V N I ) Y G R E N E A R E T ( . D T L , . O C 0 0 . 0 0 1 0 0 . 0 0 1 d e t a r g e t n i g n i r e e n i g n e r a l o S ) G N O D N A H S ( H C I R R E V E s e c i v r e s n g i s e d . D T L , . O C Y G R E N E ) I - K H H C R R E V E ( I - K H H C R R E V E 0 0 . 0 0 1 0 0 . 0 0 1 t n e m p o l e v e d d n a h c r a e s e R Y G O L O N H C E T O R C M D E T I N U I I N M O ) K R O Y W E N ( N O I T A R O P R O C 0 0 . 0 0 1 0 0 . 0 0 1 t n e m p o l e v e d d n a h c r a e s e R Y G O L O N H C E T O R C M D E T I N U I I N M O ) I A N R O F I L A C ( N O I T A R O P R O C 205 Financial Review t a y c n e r r u c l a n o i t c n u f o t n i d e t a l s n a r t e r a s e i c n e r r u c n g i e r o f n i d e t a n i m o n e d s e i t i l i b a i l d n a r i a f t a d e r u s a e m s m e t i y r a t e n o m - n o N . e t a d g n i t r o p e r e h t t a e g n a h c x e f o s e t a r g n i s o l c e h t r i a f e h t n e h w e t a d e h t t a s e t a r e g n a h c x e e h t g n i s u d e t a l s n a r t e r a s e i c n e r r u c n g i e r o f n i e u l a v r i a f t a d e z i n g o c e r e b l l i w r e r i u q c a e h t y b d e r r e f s n a r t e b o t n o i t a r e d i s n o c t n e g n i t n o c n g i e r o f n i t s o c l a c i r o t s i h t a d e r u s a e m e r a t a h t s m e t i y r a t e n o m - n o N . d e n i m r e t e d s i e u l a v t n e g n i t n o c e h t f o e u l a v r i a f e h t o t s e g n a h c t n e u q e s b u S . e t a d n o i t i s i u q c a e h t t a e u l a v . s n o i t c a s n a r t l a i t i n i e h t f o s e t a d e h t t a s a s e t a r e g n a h c x e e h t g n i s u d e t a l s n a r t e r a s e i c n e r r u c e c n a d r o c c a n i d e z i n g o c e r e b l l i w , y t i l i b a i l r o t e s s a n a e b o t d e m e e d s i h c i h w n o i t a r e d i s n o c g n i t a l s n a r t n o r o s m e t i y r a t e n o m f o t n e m e l t t e s e h t n o g n i s i r a s e c n e r e f f i d e g n a h c x e l l A t n e g n i t n o c e h t f I . e m o c n i e v i s n e h e r p m o c r e h t o r o s s o l r o t i f o r p n i r e h t i e , 9 S R F I h t i w d e l t t e s y l l a n i f s i t i l i t n u d e r u s a e m e r e b t o n d l u o h s t i , y t i u q e s a d e i f i s s a l c s i n o i t a r e d i s n o c e h t r o f t p e c x e e s i r a y e h t h c i h w n i d o i r e p e h t n i s s o l r o t i f o r p o t n e k a t e r a s m e t i y r a t e n o m . y t i u q e n i h t i w a f o n o i t i s i u q c a n a r o f s g n i w o r r o b y c n e r r u c n g i e r o f m o r f g n i s i r a s e c n e r e f f i d e g n a h c x E e r a s t s o c t s e r e t n i o t t n e m t s u j d a n a s a d e d r a g e r e r a y e h t t a h t t n e t x e e h t o t t e s s a g n i y f i l a u q . n o i t a z i l a t i p a c r o f e l b i g i l e e r a t a h t s t s o c g n i w o r r o b e h t n i d e d u l c n i e h t n o d e s a b r o f d e t n u o c c a e r a 9 S R F I f o e p o c s e h t n i h t i w s e v i t a v i r e d y c n e r r u c n g i e r o F . s t n e m u r t s n i l a i c n a n i f r o f y c i l o p g n i t n u o c c a t e n s ’ y t i t n e g n i t r o p e r a f o t r a p s i t a h t m e t i y r a t e n o m a n o g n i s i r a s e c n e r e f f i d e g n a h c x E . a . b . c : g n i w o l l o f e h t f o e t a g e r g g a e h t f o s s e c x e e h t g n i e b , t s o c t a d e r u s a e m y l l a i t i n i s i l l i w d o o G d l e h y l s u o i v e r p s ’ r e r i u q c a e h t f o e u l a v r i a f e t a d n o i t i s i u q c a e h t , d e r r e f s n a r t n o i t a r e d i s n o c r e v o t s e r e t n i g n i l l o r t n o c - n o n r o f d e z i n g o c e r t n u o m a e h t d n a e e r i u q c a e h t n i t s e r e t n i y t i u q e t e n e h t f o e u l a v r i a f e h t f I . d e m u s s a s e i t i l i b a i l d n a d e r i u q c a s t e s s a e l b a i f i t n e d i t e n e h t g n i l l o r t n o c - n o n d n a d e r r e f s n a r t n o i t a r e d i s n o c e t a g e r g g a e h t f o s s e c x e n i s i d e r i u q c a s t e s s a . e s a h c r u p n i a g r a b n o n i a g a s a d e z i n g o c e r s i e c n e r e f f i d e h t , s t s e r e t n i t n e m r i a p m i d e t a l u m u c c a y n a s s e l t s o c t a d e r u s a e m s i l l i w d o o g , n o i t i n g o c e r l a i t i n i r e t f A s s e n i s u b a n i d e r i u q c a l l i w d o o g , g n i t s e t t n e m r i a p m i f o e s o p r u p e h t r o F . s e s s o l e v i s n e h e r p m o c r e h t o n i y l l a i t i n i d e z i n g o c e r e r a n o i t a r e p o n g i e r o f a n i t n e m t s e v n i ) ” U G C “ ( t i n u g n i t a r e n e g - h s a c h c a e o t d e t a c o l l a , e t a d n o i t i s i u q c a e h t m o r f , s i n o i t a n i b m o c . t n e m t s e v n i h c u s f o l a s o p s i d n o p u s s o l r o t i f o r p o t y t i u q e m o r f d e i f i s s a l c e r d n a e m o c n i r o s t e s s a r e h t o r e h t e h w f o e v i t c e p s e r r i , n o i t a n i b m o c e h t m o r f t i f e n e b o t d e t c e p x e s i t a h t , e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s i m e t i y r a t e n o m - n o n a n o s s o l r o n i a g a n e h W o t s t i n u f o s p u o r g r o t i n u h c a E . s t i n u e s o h t o t d e n g i s s a e r a e e r i u q c a e h t f o s e i t i l i b a i l h c i h w t a y n a p m o C e h t n i h t i w l e v e l t s e w o l e h t s t n e s e r p e r d e t a c o l l a o s s i l l i w d o o g e h t h c i h w . e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s i s s o l r o n i a g t a h t f o t n e n o p m o c e g n a h c x e y n a n a n a h t r e g r a l e b t o n n a c d n a s e s o p r u p t n e m e g a n a m l a n r e t n i r o f d e r o t i n o m s i l l i w d o o g e h t e g n a h c x e y n a , s s o l r o t i f o r p n i d e z i n g o c e r s i m e t i y r a t e n o m - n o n a n o s s o l r o n i a g a n e h W . s s o l r o t i f o r p n i d e z i n g o c e r s i s s o l r o n i a g t a h t f o t n e n o p m o c . n o i t a g e r g g a e r o f e b t n e m g e s g n i t a r e p o s t n e m e t a t S l a i c n a n i F y c n e r r u C n g i e r o F f o n o i t a l s n a r T ) 6 ( f o t n u o m a g n i y r r a c e h t n i d e d u l c n i s i d e s o p s i d n o i t a r e p o e h t h t i w d e t a i c o s s a l l i w d o o g e h t , d e s o p s i d s i t i n u t a h t n i h t i w n o i t a r e p o e h t f o t r a p d n a U G C a f o t r a p s m r o f l l i w d o o g e r e h W . s s o l r o t i f o r p h g u o r h t e t a d n o i t i s i u q c a e h t y n A s t e s s a y r a t e n o M . e t a d n o i t c a s n a r t e h t t a g n i l i a v e r p s e t a r y c n e r r u c l a n o i t c n u f e v i t c e p s e r t a s a e u l a v r i a f t a d e r u s a e m e r s i e e r i u q c a e h t n i t s e r e t n i y t i u q e d l e h y l s u o i v e r p s ’ r e r i u q c a r i e h t t a s e i t i t n e s ’ y n a p m o C e h t y b d e d r o c e r y l l a i t i n i e r a s e i c n e r r u c n g i e r o f n i s n o i t c a s n a r T e h t f o e u l a v r i a f e t a d n o i t i s i u q c a e h t , s e g a t s n i d e v e i h c a s i n o i t a n i b m o c s s e n i s u b e h t f I 206 f o e t a r g n i s o l c e h t t a D T N o t n i d e t a l s n a r t e r a s n o i t a r e p o n g i e r o f f o s e i t i l i b a i l d n a s t e s s a e h T t a d e t a l s n a r t e r a s e s n e p x e d n a e m o c n i r i e h t d n a e t a d g n i t r o p e r e h t t a g n i l i a v e r p e g n a h c x e e h t n o g n i s i r a s e c n e r e f f i d e g n a h c x e e h T . d o i r e p e h t r o f e t a r e g n a h c x e e g a r e v a n a n g i e r o f a f o l a s o p s i d n O . e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r e r a n o i t a l s n a r t e v i t a l e r e h t n o d e s a b d e r u s a e m s i e c n a t s m u c r i c s i h t n i d e s o p s i d l l i w d o o G . n o i t a r e p o e h t . d e n i a t e r U G C e h t f o n o i t r o p e h t d n a d e s o p s i d n o i t a r e p o e h t f o s e u l a v s n o i t c a s n a r T y c n e r r u C n g i e r o F ) 5 ( e h T n g i e r o f t a h t o t g n i t a l e r s e c n e r e f f i d e g n a h c x e e h t f o t n u o m a e v i t a l u m u c e h t , n o i t a r e p o s r a l l o D n a w i a T w e N n i d e t n e s e r p e r a s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c s ’ y n a p m o C e t a r a p e s e h t n i d e t a l u m u c c a d n a e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r , n o i t a r e p o e h t n i y t i t n e h c a E . y c n e r r u c l a n o i t c n u f s ’ y n a p m o c t n e r a p e h t o s l a s i h c i h w , ) D T N ( n o s s o l r o n i a g e h t n e h w s s o l r o t i f o r p o t y t i u q e m o r f d e i f i s s a l c e r s i , y t i u q e f o t n e n o p m o c l a i c n a n i f e h t n i d e d u l c n i s m e t i d n a y c n e r r u c l a n o i t c n u f n w o s t i s e n i m r e t e d y n a p m o C . d e z i n g o c e r s i l a s o p s i d . y c n e r r u c l a n o i t c n u f t a h t g n i s u d e r u s a e m e r a y t i t n e h c a e f o s t n e m e t a t s United Microelectronics Corporation | Annual Report 2019 y t r a p a s e m o c e b y n a p m o C e h t n e h w d e z i n g o c e r e r a s e i t i l i b a i l l a i c n a n i f d n a s t e s s a l a i c n a n i F . t n e m u r t s n i e h t f o s n o i s i v o r p l a u t c a r t n o c e h t o t n I . n o i t i n g o c e r l a i t i n i t a s t e s s a l a i c n a n i f s t i f o n o i t a c i f i s s a l c e h t s e n i m r e t e d y n a p m o C e h T d e i f i s s a l c e r a y n a p m o C e h t f o s t e s s a l a i c n a n i f , s n o i t a l u g e R e h t d n a 9 S R F I h t i w e c n a d r o c c a h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f s a . t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i f d n a , e m o c n i e v i s n e h e r p m o c r e h t o e t a d e d a r t g n i s u d e z i n g o c e r e r a s e i t i l i b a i l d n a s t e s s a l a i c n a n i f f o e l a s r o e s a h c r u P f o e s a c e h t n i , s u l p e u l a v r i a f t a y l l a i t i n i d e z i n g o c e r e r a s t e s s a l a i c n a n i f l l A . g n i t n u o c c a l a i c n a n i F . s t s o c e l b a t u b i r t t a y l t c e r i d , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a t o n s t n e m t s e v n i d n a , e u l a v r i a f t a d e z i n g o c e r y l l a i t i n i e r a s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a . e m o c n i e v i s n e h e r p m o c f o t n e m e t a t s e h t n i d e s n e p x e e r a s t s o c n o i t c a s n a r t e g n a h c x e e h t f o t n u o m a e v i t a l u m u c e h t f o e r a h s e t a n o i t r o p o r p e h t , l o r t n o c f o s s o l e h t o t d e t u b i r t t a - e r s i e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s e c n e r e f f i d a r o e t a i c o s s a n a f o l a s o p s i d l a i t r a p n O . n o i t a r e p o n g i e r o f t a h t n i s t s e r e t n i g n i l l o r t n o c - n o n t n a c i f i n g i s f o s s o l a n i t l u s e r t o n s e o d t a h t n o i t a r e p o n g i e r o f a s e d u l c n i t a h t e r u t n e v t n i o j e h t f o t n u o m a e v i t a l u m u c e h t f o e r a h s e t a n o i t r o p o r p e h t y l n o , l o r t n o c t n i o j r o e c n e u l f n i r o t i f o r p o t d e i f i s s a l c e r s i e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s e c n e r e f f i d e g n a h c x e d n a s t e s s a f o s t n u o m a g n i y r r a c e h t o t s t n e m t s u j d a e u l a v r i a f y n a d n a l l i w d o o g . s s o l y n A d n a s t e s s a s a d e t a e r t e r a n o i t a r e p o n g i e r o f a f o n o i t i s i u q c a e h t m o r f g n i s i r a s e i t i l i b a i l . y c n e r r u c l a n o i t c n u f s t i n i d e s s e r p x e d n a n o i t a r e p o n g i e r o f e h t f o s e i t i l i b a i l : n e h w t n e r r u c s a d e i f i s s a l c s i t e s s a n A n o i t c n i t s i D t n e r r u C - n o N d n a t n e r r u C ) 7 ( s t e s s A l a i c n a n i F l a m r o n s t i n i , t i e m u s n o c r o l l e s o t s d n e t n i r o , t e s s a e h t e z i l a e r o t s t c e p x e y n a p m o C e h t . a s t n e m u r t s n I l a i c n a n i F ) 9 ( a n i t l u s e r t o n s e o d t a h t n o i t a r e p o n g i e r o f a s e d u l c n i t a h t y r a i d i s b u s a f o l a s o p s i d l a i t r a p n O r e h t o h g u o r h t e u l a v r i a f t a r o t s o c d e z i t r o m a t a d e r u s a e m t o n e r a t a h t s t e s s a l a i c n a n i F y l t n e u q e s b u s d n a e u l a v r i a f t a y l l a i t i n i d e z i n g o c e r e r a e m o c n i e v i s n e h e r p m o c . s s o l r o t i f o r p n i d e z i n g o c e r e u l a v r i a f n i s e g n a h c h t i w e u l a v r i a f t a d e r u s a e m n i t n e s e r p o t n o i t c e l e e l b a c o v e r r i n a e k a m y a m y n a p m o C e h t , n o i t i n g o c e r l a i t i n i t A n i t n e m t s e v n i n a f o e u l a v r i a f e h t n i s e g n a h c t n e u q e s b u s e m o c n i e v i s n e h e r p m o c r e h t o h c u s f o l a s o p s i d a s i e r e h t n e h W . g n i d a r t r o f d l e h t o n s i t a h t t n e m u r t s n i y t i u q e n a e m o c n i e v i s n e h e r p m o c r e h t o n i d e t n e s e r p s t n u o m a d e t a l u m u c c a , t n e m u r t s n i y t i u q e e h t o t y l t c e r i d d e r r e f s n a r t e r a t u b s s o l r o t i f o r p o t d e r r e f s n a r t y l t n e u q e s b u s t o n e r a . s g n i n r a e d e n i a t e r e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F . i i e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m e r a s t n e m u r t s n i t b e d e h T : t e m e r a s n o i t i d n o c g n i w o l l o f e h t f o h t o b f i d e v e i h c a s i e v i t c e j b o e s o h w l e d o m s s e n i s u b a n i h t i w d l e h s i t e s s a l a i c n a n i f e h t ) i ( d n a s t e s s a l a i c n a n i f g n i l l e s d n a s w o l f h s a c l a u t c a r t n o c g n i t c e l l o c h t o b y b t n u o m a l a p i c n i r p e h t n o t s e r e t n i d n a l a p i c n i r p f o s t n e m y a p y l e l o s e r a t a h t s w o l f h s a c o t s e t a d d e i f i c e p s n o e s i r e v i g t e s s a l a i c n a n i f e h t f o s m r e t l a u t c a r t n o c e h t ) i i ( . g n i d n a t s t u o s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F . i t n e m e r u s a e m t n e u q e s b u s d n a n o i t a c i f i s s a l C . a g n i t r o p e r e h t r e t f a s h t n o m e v l e w t n i h t i w t e s s a e h t e z i l a e r o t s t c e p x e y n a p m o C e h t ; g n i d a r t f o e s o p r u p e h t r o f y l i r a m i r p t e s s a e h t s d l o h y n a p m o C e h t . b . c ; e l c y c g n i t a r e p o r o ; d o i r e p d e g n a h c x e g n i e b m o r f d e t c i r t s e r s i t e s s a e h t s s e l n u t n e l a v i u q e h s a c a r o h s a c s i t e s s a e h t . d . d o i r e p g n i t r o p e r e h t r e t f a s h t n o m e v l e w t t s a e l t a r o f y t i l i b a i l a e l t t e s o t d e s u r o r o f y t i l i b a i l e h t f o t n e m e l t t e s r e f e d o t t h g i r l a n o i t i d n o c n u n a e v a h t o n s e o d y n a p m o C e h t e h t t a , d l u o c t a h t y t i l i b a i l a f o s m r e T . e t a d g n i t r o p e r e h t r e t f a s h t n o m e v l e w t t s a e l t a o d s t n e m u r t s n i y t i u q e f o e u s s i e h t y b t n e m e l t t e s s t i n i t l u s e r , y t r a p r e t n u o c e h t f o n o i t p o r o ; d o i r e p g n i t r o p e r e h t r e t f a s h t n o m e v l e w t n i h t i w d e l t t e s e b o t e u d s i y t i l i b a i l e h t ; e l c y c g n i t a r e p o l a m r o n n i y t i l i b a i l e h t e l t t e s o t s t c e p x e y n a p m o C e h t ; g n i d a r t f o e s o p r u p e h t r o f y l i r a m i r p y t i l i b a i l e h t s d l o h y n a p m o C e h t : n e h w t n e r r u c s a d e i f i s s a l c s i y t i l i b a i l A . a . b . c . d . t n e r r u c - n o n s a d e i f i s s a l c e r a s t e s s a r e h t o l l A . t n e r r u c - n o n s a d e i f i s s a l c e r a s e i t i l i b a i l r e h t o l l A . n o i t a c i f i s s a l c s t i t c e f f a t o n s t n e l a v i u q E h s a C ) 8 ( o t e l b i t r e v n o c y l i d a e r e r a t a h t s t n e m t s e v n i d i u q i l y l h g i h , m r e t - t r o h s e r a s t n e l a v i u q e h s a C f o s k s i r t n a c i f i n g i s t n e s e r p t o n o d t a h t s e t a d y t i r u t a m h t i w d n a h s a c f o s t n u o m a n w o n k h t i w s t i s o p e d e m i t g n i d u l c n i , s e t a r t s e r e t n i n i s e g n a h c m o r f g n i t l u s e r e u l a v n i s e g n a h c y b d e z i l a r e t a l l o c s t n e m e e r g a e s a h c r u p e r d n a s s e l r o s h t n o m e e r h t f o s e i t i r u t a m l a n i g i r o . s d n o b e t a r o p r o c d n a s d n o b t n e m n r e v o g 207 Financial Review s e s s o l t i d e r c d e t c e p x e r o f e c n a w o l l a n a , e t a d g n i t r o p e r h c a e t a , s e r u s a e m y n a p m o C e h T y c i l o p t n e m r i a p m I . c h s a c d n a h s a c g n i d u l c n i ( t s o c d e z i t r o m a t a d e r u s a e m e r a s t e s s a l a i c n a n i f e h T f o h t o b f i ) s t e s s a l a i c n a n i f r e h t o d n a s e l b a v i e c e r r e h t o d n a s t n u o c c a , s e t o n , t n e l a v i u q e . t e m e r a s n o i t i d n o c g n i w o l l o f e h t s e i f i l a u q d e r r e f s n a r t t r a p e h t d n a t e s s a l a i c n a n i f r e g r a l a f o t r a p s i t e s s a d e r r e f s n a r t e h t f I f o t n u o m a g n i y r r a c s u o i v e r p e h t s e t a c o l l a y n a p m o C e h t , y t e r i t n e s t i n i n o i t i n g o c e r e d r o f t r a p e h t d n a d e z i n g o c e r e b o t s e u n i t n o c t a h t t r a p e h t n e e w t e b t e s s a l a i c n a n i f r e g r a l e h t e h t f o e t a d e h t n o s t r a p e s o h t f o s e u l a v r i a f e v i t a l e r e h t n o d e s a b , d e z i n g o c e r e d s i t a h t e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r n e e b d a h t a h t s s o l r o n i a g e v i t a l u m u c y n A . r e f s n a r t s i t a h t t r a p e h t d n a d e z i n g o c e r e b o t s e u n i t n o c t a h t t r a p e h t n e e w t e b d e t a c o l l a s i e m o c n i n e e w t e b e c n e r e f f i d e h T . s t r a p e s o h t f o s e u l a v r i a f e v i t a l e r e h t n o d e s a b , d e z i n g o c e r e d n o i t a r e d i s n o c e h t f o m u s e h t d n a d e z i n g o c e r e d t r a p e h t o t d e t a c o l l a t n u o m a g n i y r r a c e h t d a h t a h t d e t a c o l l a s s o l r o n i a g e v i t a l u m u c y n a d n a d e z i n g o c e r e d t r a p e h t r o f d e v i e c e r r o s s o l r o t i f o r p n i d e z i n g o c e r s i , e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r n e e b . s g n i n r a e d e n i a t e r n i y l t c e r i d h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f h c u s f o e u l a v r i a f e h t n i s e g n a h c t n e u q e s b u S . e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r e r a e m o c n i e v i s n e h e r p m o c r e h t o n g i e r o f d n a e u n e v e r t s e r e t n i , s e s s o l r o s n i a g t n e m r i a p m i , n o i t i n g o c e r e d e r o f e B l a i c n a n i f e h t n e h W . s s o l r o t i f o r p n i d e z i n g o c e r e r a s e s s o l d n a s n i a g e g n a h c x e r e h t o n i d e z i n g o c e r y l s u o i v e r p s s o l r o n i a g e v i t a l u m u c e h t d e z i n g o c e r e d e r a s t e s s a r o t i f o r p o t e m o c n i e v i s n e h e r p m o c r e h t o m o r f d e i f i s s a l c e r s i e m o c n i e v i s n e h e r p m o c . t n e m t s u j d a n o i t a c i f i s s a l c e r a s a s s o l 208 t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i F . i i i r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m s t n e m t s e v n i t n e m u r t s n i t b e d r o f ) s L C E ( g n i s s e s s a y b t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i f d n a e m o c n i e v i s n e h e r p m o c . n o i t a m r o f n i g n i k o o l - d r a w r o f g n i d u l c n i n o i t a m r o f n i e l b a t r o p p u s d n a e l b a n o s a e r l a i t i n i e c n i s y l t n a c i f i n g i s d e s a e r c n i t o n s a h t e s s a l a i c n a n i f a n o k s i r t i d e r c e h t e r e h W . s L C E h t n o m - 2 1 o t l a u q e t n u o m a n a t a d e r u s a e m s i e c n a w o l l a s s o l e h t , n o i t i n g o c e r l a i t i n i e c n i s y l t n a c i f i n g i s d e s a e r c n i s a h t e s s a l a i c n a n i f a n o k s i r t i d e r c e h t e r e h W . s L C E e m i t e f i l e h t o t l a u q e t n u o m a n a t a d e r u s a e m s i e c n a w o l l a s s o l e h t , n o i t i n g o c e r d e i f i l p m i s a s e i l p p a y n a p m o C e h t , s t e s s a t c a r t n o c d n a e l b a v i e c e r s t n u o c c a , s e t o n r o F n i s e g n a h c k c a r t t o n s e o d y n a p m o C e h t , e r o f e r e h T . s L C E g n i t a l u c l a c n i h c a o r p p a h c a e t a s L C E e m i t e f i l n o d e s a b e c n a w o l l a s s o l a s e z i n g o c e r d a e t s n i t u b , k s i r t i d e r c s s o l t i d e r c l a c i r o t s i h s ’ y n a p m o C e h t n o d e s a b d e r u s a e m e r a s L C E . e t a d g n i t r o p e r g n i k o o l - d r a w r o f r o f d e t s u j d a , n o i t i d n o c l a i c n a n i f t n e r r u c ’ s r e m o t s u c d n a e c n e i r e p x e . t n e m n o r i v n e c i m o n o c e ’ s r e m o t s u c s a h c u s , s r o t c a f y t i u q e n a r o y t i l i b a i l l a i c n a n i f a s a d e u s s i t n e m u r t s n i e h t s e i f i s s a l c y n a p m o C e h T e h t d n a t n e m e g n a r r a l a u t c a r t n o c e h t f o e c n a t s b u s e h t h t i w e c n a d r o c c a n i t n e m u r t s n i . t n e m u r t s n i y t i u q e n a d n a y t i l i b a i l l a i c n a n i f a f o s n o i t i n i f e d s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s e i t i l i b a i l l a i c n a n i F . i s e i t i l i b a i l l a i c n a n i f e d u l c n i s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s e i t i l i b a i l l a i c n a n i F r i a f t a s e s s o l s a r o n o i t i n g o c e r l a i t i n i n o p u d e t a n g i s e d s e i t i l i b a i l l a i c n a n i f d n a g n i d a r t r o f d l e h s n i a g , k s i r t i d e r c n w o n i s e g n a h c g n i d u l c x E . s s o l r o t i f o r p h g u o r h t e u l a v r o t i f o r p n i d e z i n g o c e r e r a d i a p t s e r e t n i g n i d u l c n i t n e m e r u s a e m t n e u q e s b u s e h t n o . s s o l t n e m e r u s a e m t n e u q e s b u s d n a n o i t a c i f i s s a l C . a s e i t i l i b a i L l a i c n a n i F d l o h o t s i e v i t c e j b o e s o h w l e d o m s s e n i s u b a n i h t i w d l e h s i t e s s a l a i c n a n i f e h t ) i ( d n a ; s w o l f h s a c l a u t c a r t n o c t c e l l o c o t r e d r o n i s t e s s a l a i c n a n i f t n u o m a l a p i c n i r p e h t n o t s e r e t n i d n a l a p i c n i r p f o s t n e m y a p y l e l o s e r a t a h t s w o l f h s a c o t s e t a d d e i f i c e p s n o e s i r e v i g t e s s a l a i c n a n i f e h t f o s m r e t l a u t c a r t n o c e h t ) i i ( . g n i d n a t s t u o , t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i f r o f n o i t i n g o c e r l a i t i n i o t t n e u q e s b u S d n a , s s e c o r p n o i t a z i t r o m a d o h t e m t s e r e t n i e v i t c e f f e e h t y b d e r u s a e m , e m o c n i t s e r e t n i e r a s e s s o l d n a s n i a G . d o i r e p n o i t a l u c r i c g n i r u d d e z i n g o c e r e r a s e s s o l t n e m r i a p m i . d e z i n g o c e r e d e r a s t e s s a l a i c n a n i f e h t n e h w s s o l r o t i f o r p n i d e z i n g o c e r e h t f o s d r a w e r d n a s k s i r e h t l l a y l l a i t n a t s b u s d n a s t e s s a d e r r e f s n a r t s a h y n a p m o C e h t . i i r o ; d e r r e f s n a r t n e e b e v a h t e s s a d n a s k s i r e h t l l a y l l a i t n a t s b u s d e n i a t e r r o n d e r r e f s n a r t r e h t i e n s a h y n a p m o C e h t . i i i . t e s s a e h t f o l o r t n o c d e r r e f s n a r t s a h t u b , t e s s a e h t f o s d r a w e r ; d e r i p x e e v a h t e s s a e h t m o r f s w o l f h s a c e v i e c e r o t s t h g i r l a u t c a r t n o c e h t : n e h w d e z i n g o c e r e d s i t e s s a l a i c n a n i f A . i s t e s s a l a i c n a n i f f o n o i t i n g o c e r e D . b g n i y r r a c e h t n e e w t e b e c n e r e f f i d e h t , y t e r i t n e s t i n i t e s s a l a i c n a n i f a f o n o i t i n g o c e r e d n O n i a g e v i t a l u m u c y n a g n i d u l c n i d e v i e c e r e b o t r o d e v i e c e r n o i t a r e d i s n o c e h t d n a t n u o m a t i f o r p n i d e z i n g o c e r s i e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r n e e b d a h t a h t s s o l r o . ) s t n e m u r t s n i y t i u q e r o f ( s g n i n r a e d e n i a t e r n i y l t c e r i d r o ) s t n e m u r t s n i t b e d r o f ( s s o l r o United Microelectronics Corporation | Annual Report 2019 g n i g d e h g n i g d e h e h t e h t n e h w y l n o g n i t n u o c c a e g d e h s e u n i t n o c s i d y l e v i t c e p s o r p y n a p m o C e h T n e h w e c n a t s n i r o f ; a i r e t i r c g n i y f i l a u q e h t t e e m o t s e s a e c p i h s n o i t a l e r . d e s i c r e x e r o d e t a n i m r e t , d l o s s i r o s e r i p x e t n e m u r t s n i s e i r o t n e v n I ) 1 1 ( l a u t c a t a d e t a t s e r a s l a i r e t a m w a R . s i s a b l a u t e p r e p a n o r o f d e t n u o c c a e r a s e i r o t n e v n I s t s o c d r a d n a t s t a d e t a t s e r a s d o o g d e h s i n i f d n a s s e c o r p n i k r o w e h t e l i h w , s t s o c e s a h c r u p t s o c e h T . h t n o m h c a e f o d n e e h t t a s t s o c e g a r e v a - d e t h g i e w o t d e t s u j d a y l t n e u q e s b u s d n a t c e r i d r e h t o , r o b a l t c e r i d , s l a i r e t a m w a r s e s i r p m o c s d o o g d e h s i n i f d n a s s e r g o r p n i k r o w f o e h t o t s d a e h r e v o n o i t c u d o r p d e x i f f o n o i t a c o l l A . s d a e h r e v o n o i t c u d o r p d e t a l e r d n a s t s o c t s o C . s e i t i l i c a f n o i t c u d o r p e h t f o y t i c a p a c l a m r o n e h t n o d e s a b s i n o i s r e v n o c f o s t s o c t a d e u l a v e r a s e i r o t n e v n I . d e r r u c n i s a d e s n e p x e s i y t i c a p a c d e z i l i t u r e d n u h t i w d e t a i c o s s a e h t s i e u l a v e l b a z i l a e r t e N . m e t i y b m e t i e u l a v e l b a z i l a e r t e n d n a t s o c f o r e w o l e h t f o s t s o c d e t a m i t s e e h t s s e l s s e n i s u b f o e s r u o c y r a n i d r o e h t n i e c i r p g n i l l e s d e t a m i t s e . e l a s e h t e k a m o t y r a s s e c e n s t s o c d e t a m i t s e e h t d n a n o i t e l p m o c d o h t e M y t i u q E e h t r e d n U r o F d e t n u o c c A s t n e m t s e v n I ) 2 1 ( e h t g n i s u r o f d e t n u o c c a e r a s e r u t n e v t n i o j d n a s e t a i c o s s a n i s t n e m t s e v n i s ’ y n a p m o C e h T s t e s s a t n e r r u c - n o n s a d e i f i s s a l c e b o t a i r e t i r c e h t t e e m t a h t e s o h t n a h t r e h t o d o h t e m y t i u q e . e l a s r o f d l e h s i t a h t d n a e c n e u l f n i t n a c i f i n g i s s a h y n a p m o C e h t h c i h w r e v o y t i t n e n a s i e t a i c o s s a n A e t a p i c i t r a p o t r e w o p e h t s i e c n e u l f n i t n a c i f i n g i S . e r u t n e v t n i o j a r o n y r a i d i s b u s a r e h t i e n t n i o j r o l o r t n o c t o n s i t u b , y t i t n e n a f o s n o i s i c e d y c i l o p g n i t a r e p o d n a l a i c n a n i f e h t n i . s e i c i l o p e s o h t r e v o l o r t n o c l o r t n o c t n i o j s a h t a h t y n a p m o C e h t y b e r e h w t n e m e g n a r r a t n i o j f o e p y t a s i e r u t n e v t n i o j A e h t s i l o r t n o c t n i o J . e r u t n e v t n i o j e h t f o s t e s s a t e n e h t o t s t h g i r s a h t n e m e g n a r r a e h t f o s l o r t n o c y t r a p e l g n i s o n e r e h w t n e m e g n a r r a n a f o l o r t n o c f o g n i r a h s d e e r g a y l l a u t c a r t n o c s e i t i v i t c a t n a v e l e r e h t t u o b a s n o i s i c e d n e h w y l n o s t s i x e h c i h w , n w o s t i n o t n e m e g n a r r a e h t . l o r t n o c g n i r a h s s e i t r a p e h t f o t n e s n o c s u o m i n a n u e r i u q e r e u l a v r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t d n a t s o c n o i t i s i u q c a e h t n e e w t e b e c n e r e f f i d y n A s a r o f d e t n u o c c a s i s e r u t n e v t n i o j d n a s e t a i c o s s a f o s e i t i l i b a i l d n a s t e s s a e l b a i f i t n e d i e h t f o : s w o l l o f e h t f o e u l a v r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t r e v o t s o c n o i t i s i u q c a e h t f o s s e c x e y n A f o e t a d e h t t a e r u t n e v t n i o j a r o e t a i c o s s a n a f o s e i t i l i b a i l d n a s t e s s a e l b a i f i t n e d i e h t f o t n u o m a g n i y r r a c e h t n i d e d u l c n i s i d n a l l i w d o o g s a d e z i n g o c e r s i n o i t i s i u q c a . d e t t i m r e p t o n s i l l i w d o o g f o n o i t a z i t r o m A . t n e m t s e v n i d n a s t e s s a e l b a i f i t n e d i e h t f o e u l a v r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t f o s s e c x e y n A g n i s s e s s a e r r e t f a , t s o c n o i t i s i u q c a e h t r e v o e r u t n e v t n i o j a r o e t a i c o s s a n a f o s e i t i l i b a i l . e t a d n o i t i s i u q c a e h t n o s s o l r o t i f o r p n i n i a g a s a d e z i n g o c e r s i , e u l a v r i a f e h t . a . b d n a s n a o l g n i r a e b t s e r e t n i e d u l c n i t s o c d e z i t r o m a t a d e r u s a e m s e i t i l i b a i l l a i c n a n i F r e t f a d o h t e m t s e r e t n i e v i t c e f f e e h t g n i s u d e r u s a e m y l t n e u q e s b u s e r a t a h t s g n i w o r r o b e h t n e h w s s o l r o t i f o r p n i d e z i n g o c e r e r a s e s s o l d n a s n i a G . n o i t i n g o c e r l a i t i n i d o h t e m t s e r e t n i e v i t c e f f e e h t h g u o r h t s a l l e w s a d e z i n g o c e r e d e r a s e i t i l i b a i l . s s e c o r p n o i t a z i t r o m a n o m u i m e r p r o t n u o c s i d y n a t n u o c c a o t n i g n i k a t y b d e t a l u c l a c s i t s o c d e z i t r o m A . s t s o c n o i t c a s n a r t r o s e e f d n a n o i t i s i u q c a t s o c d e z i t r o m a t a d e r u s a e m s e i t i l i b a i l l a i c n a n i F . i i s i y t i l i b a i l e h t r e d n u n o i t a g i l b o e h t n e h w d e z i n g o c e r e d s i y t i l i b a i l l a i c n a n i f A . s e r i p x e r o d e l l e c n a c , d e g r a h c s i d n o r e d n e l e m a s e h t m o r f r e h t o n a y b d e c a l p e r s i y t i l i b a i l l a i c n a n i f g n i t s i x e n a n e h W y l l a i t n a t s b u s e r a y t i l i b a i l g n i t s i x e n a f o s m r e t e h t r o , s m r e t t n e r e f f i d y l l a i t n a t s b u s n a h c u s , ) r o t b e d e h t f o y t l u c i f f i d l a i c n a n i f e h t o t e l b a t u b i r t t a t o n r o r e h t e h w ( d e i f i d o m e h t d n a y t i l i b a i l l a n i g i r o e h t f o n o i t i n g o c e r e d a s a d e t a e r t s i n o i t a c i f i d o m r o e g n a h c x e d n a s t n u o m a g n i y r r a c e v i t c e p s e r e h t n i e c n e r e f f i d e h t d n a , y t i l i b a i l w e n a f o n o i t i n g o c e r , d e m u s s a s e i t i l i b a i l r o d e r r e f s n a r t s t e s s a h s a c - n o n y n a g n i d u l c n i , d i a p n o i t a r e d i s n o c e h t . s s o l r o t i f o r p n i d e z i n g o c e r s i s e i t i l i b a i l l a i c n a n i f f o n o i t i n g o c e r e D . b e h t h t i W . k s i r e g n a h c x e y c n e r r u c n g i e r o f m o r f g n i s i r a s e r u s o p x e s e g a n a m y n a p m o C e h T s e g d e h w o l f h s a C g n i t n u o c c A e g d e H ) 0 1 ( g n i g d e h e h t n e e w t e b p i h s n o i t a l e r g n i g d e h a s e t a n g i s e d y n a p m o C e h t , 9 S R F I f o n o i t p o d a d n a p i h s n o i t a l e r c i m o n o c e n a f o e c n e t s i x e e h t h t i w m e t i d e g d e h e h t d n a t n e m u r t s n i s e t a n g i s e d y n a p m o C e h T . s s e n e v i t c e f f e e g d e h e h t t e e m o t o i t a r e g d e h e h t s e n i m r e t e d s k s i r e t a r e g n a h c x e y c n e r r u c n g i e r o f e h t e g d e h y l l a i t r a p o t s t n e m u r t s n i g n i g d e h n i a t r e c f o t n e n o p m o c e t a r a p e s e h T . s n o i t c a s n a r t t s a c e r o f e l b a b o r p y l h g i h n i a t r e c h t i w d e t a i c o s s a n i ( g n i w o l l o f e h t f o r e w o l e h t o t d e t s u j d a s i m e t i d e g d e h e h t h t i w d e t a i c o s s a y t i u q e : ) s t n u o m a e t u l o s b a n o s w o l f h s a c e r u t u f d e t c e p x e e h t f o ) e u l a v t n e s e r p ( e u l a v r i a f n i e g n a h c e v i t a l u m u c e h t d n a ; e g d e h e h t f o n o i t p e c n i m o r f t n e m u r t s n i g n i g d e h e h t n o s s o l r o n i a g e v i t a l u m u c e h t . e g d e h e h t f o n o i t p e c n i m o r f m e t i d e g d e h e h t . a . b n a e b o t d e n i m r e t e d s i t a h t t n e m u r t s n i g n i g d e h e h t n o s s o l r o n i a g e h t f o n o i t r o p e h T e v i t c e f f e n i e h t s a e r e h w , e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s i e g d e h e v i t c e f f e n i y l t c e r i d d e z i n g o c e r s i t n e m u r t s n i g n i g d e h e h t f o e u l a v r i a f e h t n i e g n a h c e h t f o n o i t r o p n o i t i n g o c e r e h t n i s t l u s e r y l t n e u q e s b u s n o i t c a s n a r t t s a c e r o f a f o e g d e h a f I . s s o l r o t i f o r p e r e w t a h t s e s s o l r o s n i a g d e t a i c o s s a e h t , y t i l i b a i l l a i c n a n i f - n o n a r o t e s s a l a i c n a n i f - n o n a f o r o t e s s a e h t f o t s o c l a i t i n i e h t n i d e d u l c n i e r a e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r . y t i l i b a i l 209 Financial Review d n a n o i t a i c e r p e d d e t a l u m u c c a f o t e n , t s o c t a d e t a t s e r a t n e m p i u q e d n a t n a l p , y t r e p o r P s ’ y n a p m o C e h T . s e r u t n e v t n i o j d n a s e t a i c o s s a f o e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l m r e t - g n o l r o f d e r r u c n i s t s o c g n i w o r r o b y n a d n a , y n a f i , s e s s o l t n e m r i a p m i d e t a l u m u c c a e v i s n e h e r p m o c r e h t o d n a s s o l r o t i f o r p ’ s e r u t n e v t n i o j d n a ’ s e t a i c o s s a n i s e g n a h c f o e r a h s t n a c i f i n g i S . t e m e r a a i r e t i r c n o i t i n g o c e r e h t f i d e z i l a t i p a c e r a s t c e j o r p n o i t c u r t s n o c d e t a e r t e r a a i r e t i r c n o i t i n g o c e r e h t g n i t e e m s n o i t c e p s n i r o j a m d n a s t n e m e v o r p m i , s l a w e n e r . d e z i n g o c e r e d e r a s t r a p d e c a l p e r e s o h t f o s t n u o m a g n i y r r a c e h t d n a , s e r u t i d n e p x e l a t i p a c s a g n i s i r a s s o l r o n i a g y n A . d e r r u c n i s a s e s n e p x e n i d e z i n g o c e r e r a s r i a p e r d n a e c n a n e t n i a M . s e s n e p x e d n a e m o c n i g n i t a r e p o r e h t o n i d e z i n g o c e r s i s t e s s a e h t f o n o i t i n g o c e r e d m o r f A . s e v i l l u f e s u d e t a m i t s e e h t r e v o s i s a b e n i l - t h g i a r t s a n o d e t a l u c l a c s i n o i t a i c e r p e D , e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l e h t e c u d e r e r u t n e v t n i o j a r o e t a i c o s s a r o n a t i f o r p n i y l t c e r i d d e z i n g o c e r e r a e m o c n i m o r f d e v i e c e r s n o i t u b i r t s i D . y l e v i t c e p s e r m o r f g n i t l u s e r s e s s o l d n a s n i a g d e z i l a e r n u y n A . t n e m t s e v n i e h t f o t n u o m a g n i y r r a c o t d e t a n i m i l e e r a e r u t n e v t n i o j e h t r o e t a i c o s s a e h t d n a y n a p m o C e h t n e e w t e b s n o i t c a s n a r t . e r u t n e v t n i o j e h t r o e t a i c o s s a e h t n i t s e r e t n i s ’ y n a p m o C e h t f o t n e t x e e h t g n i t r o p e r e m a s e h t r o f d e r a p e r p e r a s e r u t n e v t n i o j d n a s e t a i c o s s a f o s t n e m e t a t s l a i c n a n i F e f i l l u f e s u t n e r e f f i d a s a h h c i h w t n e m p i u q e d n a t n a l p , y t r e p o r p f o m e t i n a f o t r a p t n a c i f i n g i s g n i t n u o c c a e h t g n i r b o t e d a m e r a s t n e m t s u j d a , y r a s s e c e n e r e h W . y n a p m o C e h t s a d o i r e p . y l e t a r a p e s d e t a i c e r p e d s i m e t i e h t f o r e d n i a m e r e h t m o r f . y n a p m o C e h t f o e s o h t h t i w e n i l n i s e i c i l o p t n e m p i u q E d n a t n a l P , y t r e p o r P ) 3 1 ( r o t i f o r p f o e r a h s s ’ y n a p m o C e h t n i s e g n a h c n o i t i s i u q c a t s o p s u l p t s o c t a t e e h s e c n a l a b e h t n o d e i r r a c e r a s e r u t n e v t n i o j d n a s e t a i c o s s a n i s t n e m t s e v n i e h t , d o h t e m y t i u q e e h t r e d n U 210 t a d e w e i v e r e r a s t e s s a e h t r o f s e u l a v l a u d i s e r d n a s e v i l l u f e s u , s d o h t e m n o i t a i c e r p e d e h T s e g n a h c s a d e d r o c e r e r a n o i t a m i t s e s u o i v e r p e h t m o r f s e g n a h c e h t d n a , d n e r a e y l a c s i f h c a e . s e t a m i t s e g n i t n u o c c a n i s a e r a s t e s s a e h t f o s e v i l l u f e s u d e t a m i t s e e h t , d e t a i c e r p e d t o n s i h c i h w , d n a l r o f t p e c x E s e v i l l u f e s u r o s m r e t e s a e l f o r e t r o h s e h T t n e m e v o r p m i d l o h e s a e L e s a e L ) 4 1 ( s r a e y 6 5 ~ 7 s r a e y 9 ~ 6 s r a e y 7 ~ 5 s r a e y 9 ~ 1 t n e m p i u q e d n a y r e n i h c a M t n e m p i u q e n o i t a t r o p s n a r T s e r u t x i f d n a e r u t i n r u F s g n i d l i u B : s w o l l o f n a f o e s u e h t l o r t n o c o t t h g i r e h t s y e v n o c t c a r t n o c e h t f i e s a e l a , s n i a t n o c r o , s i t c a r t n o c A n i a t b o o t d n a , n o i t a r e d i s n o c f o e g n a h c x e n i e m i t f o d o i r e p a r o f t e s s a d e i f i t n e d i y n a p m o C e h T . t e s s a d e i f i t n e d i e h t f o e s u m o r f s t i f e n e b c i m o n o c e l l a y l l a i t n a t s b u s e s a e l - n o n d n a e s a e l e h t s e t a r a p e s d n a e s a e l e l g n i s a s a t c a r t n o c e s a e l a r o f s t n u o c c a : s w o l l o f s a s i 9 1 0 2 n i g n i y l p p a s e i c i l o p g n i t n u o c c a t n a c i f i n g i s f o y r a m m u s e h T . t c a r t n o c e h t n i d e d u l c n i s t n e n o p m o c r o s s e l a s a y n a p m o C e h T a n o e m o c n i l a t n e r s a s e s a e l g n i t a r e p o m o r f s t n e m y a p e s a e l s e z i n g o c e r y n a p m o C e h T . e s a e l e h t f o m r e t e h t r e v o s i s a b e n i l - t h g i a r t s s t i n a h t s e r a h s e r o m p u s e k a t y n a p m o C e h t f i , s e r a h s w e n f o e c n a u s s i s ’ e t a i c o s s a n a n o p U t a h t r e v o e c n e u l f n i t n a c i f i n g i s s t i g n i n i a t n i a m e l i h w g n i d l o h e t a n o i t r o p o r p l a n i g i r o y t i u q e l a n o i t i d d a n a f o n o i t i s i u q c a n a s a r o f d e t n u o c c a e b d l u o w e s a e r c n i h c u s , e t a i c o s s a y n a p m o C e h t f i , s e r a h s w e n f o e c n a u s s i s ’ e t a i c o s s a n a n o p U . e t a i c o s s a e h t n i t s e r e t n i e l i h w e g a t n e c r e p g n i d l o h k c o t s s t i s e c u d e r d n a s e r a h s e t a n o i t r o p o r p p u e k a t t o n s e o d r o n i a g e h t f o e r a h s e t a n o i t r o p o r p a , e t a i c o s s a t a h t r e v o e c n e u l f n i t n a c i f i n g i s s t i g n i n i a t n i a m . s s o l d n a t i f o r p o t d e i f i s s a l c e r s i e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r y l s u o i v e r p s s o l n i e g n a h c a n e h W . l a t i p a c n i - d i a p l a n o i t i d d a o t d e g r a h c e b l l i w e c n e r e f f i d g n i n i a m e r y n A , e m o c n i e v i s n e h e r p m o c r e h t o r o s s o l r o t i f o r p s t i m o r f t l u s e r t o n s e o d e t a i c o s s a n a f o y t i u q e y n a p m o C e h t , e g a t n e c r e p p i h s r e n w o s ’ y n a p m o C e h t t c e f f a t o n o d s e g n a h c h c u s d n a n o p u , y l g n i d r o c c A . y t i u q e n i s e g n a h c d e t a l e r l l a f o e r a h s e t a n o i t r o p o r p s t i s e z i n g o c e r n i - d i a p l a n o i t i d d a d e n o i t n e m e r o f a e h t s e i f i s s a l c e r y n a p m o C e h t , e t a i c o s s a e h t f o l a s o p s i d . s i s a b a t a r o r p a n o s s o l r o t i f o r p o t l a t i p a c n a r e v o e c n e u l f n i t n a c i f i n g i s f o s s o l n o p u d o h t e m y t i u q e e h t e s u o t s e s a e c y n a p m o C e h T e t a i c o s s a n a n i t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t n e e w t e b e c n e r e f f i d y n A . e t a i c o s s a s u l p t n e m t s e v n i d e n i a t e r e h t f o e u l a v r i a f e h t d n a e c n e u l f n i t n a c i f i n g i s f o s s o l n o p u n a n i t n e m t s e v n i n a f I . s s o l r o t i f o r p n i d e z i n g o c e r e b l l i w l a s o p s i d m o r f s d e e c o r p e r u t n e v t n i o j a n i t n e m t s e v n i n a r o e r u t n e v t n i o j a n i t n e m t s e v n i n a s e m o c e b e t a i c o s s a d o h t e m y t i u q e e h t y l p p a o t s e u n i t n o c y n a p m o C e h t , e t a i c o s s a n a n i t n e m t s e v n i n a s e m o c e b . t s e r e t n i d e n i a t e r e h t e r u s a e m e r t o n s e o d d n a e c n e d i v e e v i t c e j b o y n a s i e r e h t r e h t e h w e t a d g n i t r o p e r h c a e t a s e n i m r e t e d y n a p m o C e h T , s s o l t n e m r i a p m i n A . d e r i a p m i e r a s e r u t n e v t n i o j d n a s e t a i c o s s a n i s t n e m t s e v n i e h t t a h t d n a e r u t n e v t n i o j r o e t a i c o s s a e h t f o t n u o m a e l b a r e v o c e r e h t n e e w t e b e c n e r e f f i d e h t g n i e b e v i s n e h e r p m o c f o t n e m e t a t s e h t n i s s o l r o t i f o r p n i d e z i n g o c e r s i , t n u o m a g n i y r r a c s t i . s t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t f o t r a p s m r o f d n a e m o c n i United Microelectronics Corporation | Annual Report 2019 t s o c e h T . t s o c t a n o i t i n g o c e r l a i t i n i n o d e r u s a e m e r a y l e t a r a p e s d e r i u q c a s t e s s a e l b i g n a t n I f o e t a d e h t t a s a e u l a v r i a f s t i s i n o i t a n i b m o c s s e n i s u b a n i d e r i u q c a s t e s s a e l b i g n a t n i f o y n a s s e l t s o c t a d e i r r a c e r a s t e s s a e l b i g n a t n i , n o i t i n g o c e r l a i t i n i g n i w o l l o F . n o i t i s i u q c a y l l a n r e t n I . y n a f i , s e s s o l t n e m r i a p m i d e t a l u m u c c a d n a n o i t a z i t r o m a d e t a l u m u c c a d e z i l a t i p a c t o n e r a a i r e t i r c n o i t i n g o c e r e h t t e e m o t l i a f h c i h w s t e s s a e l b i g n a t n i d e t a r e n e g . d e r r u c n i d o i r e p e h t n i s s o l r o t i f o r p n i d e t c e l f e r e r a s e r u t i d n e p x e e h t d n a . e t i n i f e d n i r o e t i n i f r e h t i e s a d e s s e s s a e r a s t e s s a e l b i g n a t n i f o s e v i l l u f e s u e h T d e s s e s s a d n a s e v i l l u f e s u e h t r e v o d e z i t r o m a e r a s e v i l l u f e s u e t i n i f h t i w s t e s s a e l b i g n a t n I . d e r i a p m i e b y a m s t e s s a e l b i g n a t n i e h t t a h t n o i t a c i d n i n a s i e r e h t r e v e n e h w t n e m r i a p m i r o f e t i n i f a h t i w t e s s a e l b i g n a t n i n a r o f d o h t e m n o i t a z i t r o m a e h t d n a d o i r e p n o i t a z i t r o m a e h T d e t c e p x e e h t n i s e g n a h C . r a e y l a c s i f h c a e f o d n e e h t t a t s a e l t a d e w e i v e r e r a e f i l l u f e s u n i d e i d o b m e s t i f e n e b c i m o n o c e e r u t u f f o n o i t p m u s n o c f o n r e t t a p d e t c e p x e e h t r o e f i l l u f e s u , e t a i r p o r p p a s a , d o h t e m r o d o i r e p n o i t a z i t r o m a e h t g n i g n a h c y b r o f d e t n u o c c a s i t e s s a e h t . s e t a m i t s e g n i t n u o c c a n i s e g n a h c s a d e t a e r t s i d n a r o f d e t s e t e r a t u b , d e z i t r o m a t o n e r a s e v i l l u f e s u e t i n i f e d n i h t i w s t e s s a e l b i g n a t n I f o t n e m s s e s s a e h T . l e v e l U G C e h t t a r o y l l a u d i v i d n i r e h t i e , y l l a u n n a t n e m r i a p m i e f i l l u f e s u e t i n i f e d n i e h t r e h t e h w e n i m r e t e d o t y l l a u n n a d e w e i v e r s i e f i l l u f e s u e t i n i f e d n i s i e t i n i f o t e t i n i f e d n i m o r f e f i l l u f e s u n i e g n a h c e h t , t o n f I . e l b a t r o p p u s e b o t s e u n i t n o c . s i s a b e v i t c e p s o r p a n o e d a m r e h t o n i d e z i n g o c e r e r a t e s s a e l b i g n a t n i n a f o n o i t i n g o c e r e d m o r f g n i s i r a s e s s o l r o s n i a G : s w o l l o f s a d e z i r a m m u s e r a s t e s s a e l b i g n a t n i s ’ y n a p m o C e h t f o s e i c i l o p g n i t n u o c c A . s e s n e p x e d n a e m o c n i g n i t a r e p o r o f d e t s e t s i d n a , d e z i t r o m a t o n s i s n o i t a n i b m o c s s e n i s u b m o r f g n i s i r a l l i w d o o G t s e g g u s s e c n a t s m u c r i c n i s e g n a h c r o s t n e v e f i y l t n e u q e r f e r o m r o y l l a u n n a t n e m r i a p m i s e c n a t s m u c r i c r o s r u c c o t n e v e n a f I . e l b a r e v o c e r e b t o n y a m t n u o m a g n i y r r a c e h t t a h t . d e z i n g o c e r s i s s o l t n e m r i a p m i n a , d e r i a p m i s i l l i w d o o g e h t t a h t s e t a c i d n i h c i h w e g n a h c . d e z i n g o c e r e c n o d e s r e v e r e b t o n n a c s e s s o l t n e m r i a p m i l l i w d o o G a n o ) s r a e y 6 ~ 3 ( e f i l l u f e s u d e t a m i t s e r o m r e t t c a r t n o c e h t r e v o d e z i t r o m a s i e r a w t f o S . s i s a b e n i l - t h g i a r t s . a . b s t e s s A e l b i g n a t n I ) 5 1 ( s t e s s a e s u - f o - t h g i r e z i n g o c e r o t d e r i u q e r s i e e s s e l a , e s a e l a f o e t a d t n e m e c n e m m o c e h t t A . s e s a e l t e s s a e u l a v - w o l d n a s e s a e l m r e t - t r o h s r o f t p e c x e , s e i t i l i b a i l e s a e l d n a e h t t a d e r u s a e m d n a d e z i n g o c e r e b d l u o h s s e i t i l i b a i l e s a e l , e t a d t n e m e c n e m m o c e h t t A e h t g n i s u , e t a d t a h t t a d i a p n e e b t o n e v a h t a h t s t n e m y a p e s a e l e h t f o e u l a v t n e s e r p : e s i r p m o c s t n e m y a p e h T . e t a r g n i w o r r o b l a t n e m e r c n i s ’ y n a p m o C . a o t n i a t r e c y l b a n o s a e r s i y n a p m o C e h t f i n o i t p o e s a h c r u p a f o e c i r p e s i c r e x e e h t . v i ; s e e t n a r a u g e u l a v l a u d i s e r r e d n u y n a p m o C e h t y b e l b a y a p e b o t d e t c e p x e s t n u o m a . i i i ; e t a r r o x e d n i n a n o d n e p e d t a h t s t n e m y a p e s a e l e l b a i r a v . i i ; e l b a v i e c e r s e v i t n e c n i e s a e l y n a s s e l s t n e m y a p d e x i f . i d n a ; e s i c r e x e y l r a e t a h t n i a t r e c y l b a n o s a e r s i t i s s e l n u e s a e l e h t g n i t a n i m r e t r o f s t n e m y a p . v . r u c c o t o n l l i w n o i t a n i m r e t , d o h t e m t s e r e t n i e v i t c e f f e e h t g n i s u s d o i r e p t n e u q e s b u s n i d e r u s a e m e r a s e i t i l i b a i l e s a e L g n i y r r a c e h t , n o i t i d d a n I . s m r e t e s a e l e h t r e v o d e z i n g o c e r e r a s e s n e p x e t s e r e t n i e h t d n a d e t n u o c c a t o n s i h c i h w n o i t a c i f i d o m a s i e r e h t f i d e r u s a e m e r s i s e i t i l i b a i l e s a e l f o t n u o m a , . g . e ( s t n e m y a p e s a e l e h t n i e g n a h c a , m r e t e s a e l e h t n i e g n a h c a , e s a e l e t a r a p e s a s a e n i m r e t e d o t d e s u e t a r r o x e d n i n a n i e g n a h c a m o r f g n i t l u s e r s t n e m y a p e r u t u f o t s e g n a h c g n i y l r e d n u e h t e s a h c r u p o t n o i t p o n a f o t n e m s s e s s a e h t n i e g n a h c a r o ) s t n e m y a p e s a e l h c u s . t e s s a h c i h w , t s o c t a d e r u s a e m e b d l u o h s s t e s s a e s u - f o - t h g i r e h t , e t a d t n e m e c n e m m o c e h t t A : e s i r p m o c . b . l e d o m t s o c g n i s u d e r u s a e m e r a s t e s s a e s u - f o - t h g i r e h t , n o i t i n g o c e r l a i t i n i o t t n e u q e s b u S e h t m o r f d e t a i c e r p e d e r a l e d o m t s o c e h t r e d n u d e r u s a e m s t e s s a e s u - f o - t h g i R r o s t e s s a e s u - f o - t h g i r e h t f o e f i l l u f e s u e h t f o d n e e h t f o r e i l r a e e h t o t e t a d t n e m e c n e m m o c a n i s t l u s e r s e i t i l i b a i l e s a e l e h t f o t n e m e r u s a e m e r y n A . s m r e t e s a e l e h t f o d n e e h t . s t e s s a e s u - f o - t h g i r e h t f o t n e m t s u j d a g n i d n o p s e r r o c d n a ; e t a d t n e m e c n e m m o c e h t e r o f e b r o t a e d a m s t n e m y a p e s a e l y n a . i i ; s e i t i l i b a i l e s a e l e h t f o t n e m e r u s a e m l a i t i n i e h t f o t n u o m a e h t . i . d e r r u c n i s t s o c t c e r i d l a i t i n i y n a . i i i d n a , s t e e h s e c n a l a b e h t n o s e i t i l i b a i l e s a e l d n a s t e s s a e s u - f o - t h g i r s t n e s e r p y n a p m o C e h T f o s t n e m e t a t s e h t n i d e t n e s e r p y l e t a r a p e s e r a s e s n e p x e t s e r e t n i d n a s e s n e p x e n o i t a i c e r p e d h t i w d e t a i c o s s a s t n e m y a p e s a e l e h t s e z i n g o c e r y n a p m o C e h T . e m o c n i e v i s n e h e r p m o c e h t r e v o s i s a b e n i l - t h g i a r t s a n o s e s n e p x e s a s e s a e l t e s s a e u l a v - w o l d n a s e s a e l m r e t - t r o h s e e s s e l a s a y n a p m o C e h T . s m r e t e s a e l 211 Financial Review s n i a t n o c t i r e h t e h w e n i m r e t e d o t d e u s s i s d n o b e l b i t r e v n o c e h t f o s m r e t e h t s e t a u l a v e C M U c i m o n o c e e h t f i s e s s e s s a C M U , e r o m r e h t r u F . t n e n o p m o c y t i u q e n a d n a y t i l i b a i l a h t o b e r a s d n o b e l b i t r e v n o c e h t n i d e d d e b m e s n o i t p o l l a c d n a t u p e h t f o s k s i r d n a s c i t s i r e t c a r a h c e r o f e b t c a r t n o c t s o h e h t f o k s i r d n a s c i t s i r e t c a r a h c c i m o n o c e e h t o t d e t a l e r y l e s o l c . t n e m e l e y t i u q e e h t g n i t a r a p e s n o d e s a b d e n i m r e t e d s i e u l a v r i a f s t i , s e v i t a v i r e d e h t g n i d u l c x e t n e n o p m o c y t i l i b a i l e h t r o F e l b a r a p m o c f o s t n e m u r t s n i o t t e k r a m e h t y b e m i t t a h t t a d e i l p p a e t a r t s e r e t n i e v i t c e f f e e h t t a d e r u s a e m y t i l i b a i l l a i c n a n i f a s a d e i f i s s a l c s i t n e n o p m o c y t i l i b a i l e h T . s u t a t s t i d e r c r o d e t r e v n o c s i t n e m u r t s n i e h t e r o f e b d o h t e m t s e r e t n i e v i t c e f f e e h t g n i s u t s o c d e z i t r o m a s i t i , t c a r t n o c t s o h e h t o t d e t a l e r y l e s o l c t o n s i t a h t e v i t a v i r e d d e d d e b m e e h t r o F . d e l t t e s t i f o r p h g u o r h t e u l a v r i a f t a d e r u s a e m y l t n e u q e s b u s d n a t n e n o p m o c y t i l i b a i l a s a d e i f i s s a l c d e z i n g o c e r s i t n e n o p m o c y t i u q e e h T . t n e n o p m o c y t i u q e n a s a s e i f i l a u q t i s s e l n u s s o l r o a s a t n e m u r t s n i l a i c n a n i f d n u o p m o c e h t f o e u l a v r i a f e h t n e e w t e b e c n e r e f f i d e h t t a y l l a i t i n i t o n s i t n u o m a g n i y r r a c s t I . t n e n o p m o c y t i l i b a i l e h t f o e u l a v r i a f e h t d n a e l o h w s d n o b e l b i t r e v n o C s d n o B ) 7 1 ( o t t h g i r e h t g n i n i a t b o d n a t c a r t n o c f o g n i n g i s n o p U : e e f e s n e c i l y g o l o n h c e t d n a t n e t a P d e e r g a y l l a u t u m d n a e l b a l l e c n a c - n o n o t e l b a t u b i r t t a n o i t r o p y n a , y t r e p o r p l a u t c e l l e t n i n a s a d e z i n g o c e r d n a , d e t n u o c s i d s i y g o l o n h c e t d n a t n e t a p r o f s e e f e s n e c i l d e x i f e r u t u f d e u l a v e r t o n s i t e s s a e l b i g n a t n i e h t f o t s o c e h T . y t i l i b a i l d e t a l e r d n a t e s s a e l b i g n a t n i 0 1 ~ 5 ( e f i l l u f e s u e h t r e v o d e z i t r o m a s i d n a , n o i t i n g o c e r l a i t i n i n o d e n i m r e t e d e c n o e r a y t i l i b a i l d e t a l e r e h t m o r f s e s n e p x e t s e r e t n I . s i s a b e n i l - t h g i a r t s a n o ) s r a e y g n i m i t e h t n o d e s a B . d o h t e m t s e r e t n i e v i t c e f f e e h t n o d e s a b d e t a l u c l a c d n a d e z i n g o c e r . t n e r r u c - n o n d n a t n e r r u c s a d e i f i s s a l c s i y t i l i b a i l e h t , s t n e m y a p f o e h t f o r e t r o h s e h t r e v o d e z i t r o m a , s e e f e s n e c i l y t r e p o r p l a u t c e l l e t n i e h t y l n i a m e r a s r e h t O a n o y g o l o n h c e t d e t a l e r e h t f o ) s r a e y 3 ( e f i l l u f e s u d e t a m i t s e r o m r e t t c a r t n o c . c . d 212 s t e s s A l a i c n a n i F - n o N f o t n e m r i a p m I ) 6 1 ( . s i s a b e n i l - t h g i a r t s n i t e s s a n a t a h t n o i t a c i d n i n a s i e r e h t r e h t e h w e t a d g n i t r o p e r h c a e t a s e s s e s s a y n a p m o C e h T , s t s i x e n o i t a c i d n i y n a f I . d e r i a p m i e b y a m ” s t e s s A f o t n e m r i a p m I “ 6 3 S A I f o e p o c s e h t s t e s s a l a u d i v i d n i e h t h c i h w o t U G C e h t r o f g n i t s e t t n e m r i a p m i s e t e l p m o c y n a p m o C e h t , t n u o m a e l b a r e v o c e r s t i s d e e c x e U G C r o t e s s a n a f o t n u o m a g n i y r r a c e h t e r e h W . g n o l e b e h T . t n u o m a e l b a r e v o c e r s t i o t n w o d n e t t i r w s i d n a d e r i a p m i d e r e d i s n o c s i t e s s a e h t t o n s e o d d e u s s i d n o b e l b i t r e v n o c e h t f I . s d o i r e p g n i t n u o c c a t n e u q e s b u s e h t n i d e r u s a e m e r s t s o c s s e l e u l a v r i a f s t i f o r e h g i h e h t s i U G C a r o t e s s a l a u d i v i d n i n a f o t n u o m a e l b a r e v o c e r h t i w e c n a d r o c c a n i t n e m u r t s n i d i r b y h a s a r o f d e t n u o c c a s i t i , t n e n o p m o c y t i u q e n a e v a h . 9 S R F I r e d n u s t n e m e r i u q e r e h t l l a h s C M U , y t i r u t a m e r o f e b t h g i r n o i s r e v n o c r i e h t e s i c r e x e s r e d l o h d n o b e l b i t r e v n o c e h t f I f o t n u o m a g n i y r r a c d e t s u j d a e h T . t n e n o p m o c y t i l i b a i l e h t f o t n u o m a g n i y r r a c e h t t s u j d a e r a t n e n o p m o c y t i u q e f o t n u o m a g n i y r r a c e h t d n a n o i s r e v n o c t a t n e n o p m o c y t i l i b a i l e h t s i s s o l r o n i a g o N . s m u i m e r p - l a t i p a c n i - d i a p l a n o i t i d d a d n a k c o t s n o m m o c o t d e t i d e r c . n o i s r e v n o c d n o b n o p u d e z i n g o c e r y t i l i b a i l t n e r r u c a s a d e i f i s s a l c s i s d n o b e l b i t r e v n o c f o t n e n o p m o c y t i l i b a i l e h t , n o i t i d d a n I t h g i r t u p e h t r e t f A . t h g i r t u p e h t e s i c r e x e y a m s r e d l o h d n o b e h t s h t n o m 2 1 n i h t i w f i a s a d e i f i s s a l c e r e b d l u o h s s d n o b e l b i t r e v n o c e h t f o t n e n o p m o c y t i l i b a i l e h t , s e r i p x e . s t c e p s e r r e h t o l l a n i y t i l i b a i l t n e r r u c - n o n a f o n o i t i n i f e d e h t s t e e m t i f i y t i l i b a i l t n e r r u c - n o n s t i f e n e B t n e m y o l p m E - t s o P ) 8 1 ( e g n a h c x e n i n a l p e h t o t e l b a y a p n o i t u b i r t n o c e h t , s n a l p n o i s n e p n o i t u b i r t n o c d e n i f e d r e d n U . e s n e p x e n a s a d e z i n g o c e r e b l l a h s d o i r e p a g n i r u d e e y o l p m e n a y b d e r e d n e r e c i v r e s e h t r o f a s a d e z i n g o c e r s i , d i a p y d a e r l a t n u o m a y n a g n i t c u d e d r e t f a , e l b a y a p n o i t u b i r t n o c e h T d e z i n g o c e r y l s u o i v e r p t a h t e t a c i d n i s e c n a t s m u c r i c f I . e s u n i e u l a v s t i d n a l a s o p s i d f o e h t , e t a d g n i t r o p e r h c a e t a d e s a e r c e d e v a h y a m r o t s i x e r e g n o l o n y a m s e s s o l t n e m r i a p m i d e z i n g o c e r y l s u o i v e r p A . t n u o m a e l b a r e v o c e r s ’ U G C r o s ’ t e s s a e h t s e s s e s s a - e r y n a p m o C e c i v r e s d e t a m i t s e e h t n i e s a e r c n i n a n e e b s a h e r e h t f i y l n o d e s r e v e r s i s s o l t n e m r i a p m i t s a l e h t e c n i s t n u o m a e l b a r e v o c e r e h t s e s a e r c n i n r u t n i h c i h w t e s s a n a f o l a i t n e t o p f o t n u o m a g n i y r r a c e h t t a h t o s d e t i m i l s i l a s r e v e r e h T . d e z i n g o c e r s a w s s o l t n e m r i a p m i t a h t t n u o m a g n i y r r a c e h t d e e c x e r o n , t n u o m a e l b a r e v o c e r s t i d e e c x e t o n s e o d t e s s a e h t s s o l t n e m r i a p m i o n d a h , n o i t a z i t r o m a r o n o i t a i c e r p e d f o t e n , d e n i m r e t e d n e e b e v a h d l u o w . s r a e y r o i r p n i t e s s a e h t r o f d e z i n g o c e r n e e b t n e m r i a p m i r o f d e t s e t s i d e t a c o l l a n e e b s a h l l i w d o o g h c i h w o t , s U G C f o p u o r g r o , U G C A f o f o n o i t a c i d n i y n a s i e r e h t r e h t e h w f o e v i t c e p s e r r i , r a e y y r e v e e m i t e m a s e h t t a y l l a u n n a t n u o m a g n i y r r a c e h t g n i d u l c n i ( U G C a f o t n u o m a g n i y r r a c e h t e r e h W . t n e m r i a p m i n a f I . d e r i a p m i d e r e d i s n o c s i U G C e h t , t n u o m a e l b a r e v o c e r s t i s d e e c x e ) l l i w d o o g f o t n u o m a g n i y r r a c e h t e c u d e r o t d e t a c o l l a t s r i f s i t i , d e z i n g o c e r e b o t s i s s o l t n e m r i a p m i t i n u e h t f o s t e s s a r e h t o e h t o t n e h t , ) s t i n u f o p u o r g ( U G C e h t o t d e t a c o l l a l l i w d o o g y n a p u o r g ( t i n u e h t n i t e s s a h c a e f o t n u o m a g n i y r r a c e h t f o s i s a b e h t n o a t a r o r p ) s t i n u f o p u o r g ( . s d o i r e p e r u t u f n i d e s r e v e r e b t o n n a c l l i w d o o g o t g n i t a l e r s e s s o l t n e m r i a p m I . ) s t i n u f o e m o c n i g n i t a r e p o r e h t o s a d e i f i s s a l c s i s e s s o l t n e m r i a p m i f o l a s r e v e r r o n o i t i n g o c e r e h T . y t i l i b a i l . s e s n e p x e d n a United Microelectronics Corporation | Annual Report 2019 g n i d n o p s e r r o c a h t i w r e h t e g o t , d e z i n g o c e r s i s n o i t c a s n a r t d e l t t e s - y t i u q e f o t s o c e h T e b l l a h s ) t e s s a ( y t i l i b a i l t i f e n e b d e n i f e d t e n e h t , s n a l p n o i s n e p t i f e n e b d e n i f e d r e d n U e r a s n o i t i d n o c e c i v r e s r o / d n a e c n a m r o f r e p e h t h c i h w n i s d o i r e p e h t r e v o , y t i u q e n i e s a e r c n i h c a e t a s n o i t c a s n a r t d e l t t e s - y t i u q e r o f d e z i n g o c e r e s n e p x e e v i t a l u m u c e h T . d e l l i f l u f g n i e b s ’ y n a p m o C e h t d n a d e s s a p s a h d o i r e p g n i t s e v e h t h c i h w o t t n e t x e e h t s t c e l f e r e t a d g n i t r o p e r o t e g r a h c e h T . t s e v y l e t a m i t l u l l i w t a h t s t n e m u r t s n i y t i u q e f o y t i t n a u q e h t f o e t a m i t s e t s e b d e z i n g o c e r e s n e p x e e v i t a l u m u c n i t n e m e v o m e h t s t n e s e r p e r d o i r e p a r o f s s o l r o t i f o r p . d o i r e p t a h t f o d n e e h t d n a g n i n n i g e b e h t n e e w t e b r o f t p e c x e , t s e v y l e t a m i t l u t o n o d t a h t s d r a w a r o f d e z i n g o c e r e b l l i w e s n e p x e o N g n i t s e v - n o n r o t e k r a m a n o p u l a n o i t i d n o c s i g n i t s e v h c i h w r o f s n o i t c a s n a r t d e l t t e s - y t i u q e g n i t s e v - n o n r o t e k r a m e h t r e h t e h w f o e v i t c e p s e r r i d e t s e v s a d e t a e r t e r a e s e h T . n o i t i d n o c e r a s n o i t i d n o c e c i v r e s r o / d n a e c n a m r o f r e p r e h t o l l a t a h t d e d i v o r p , d e i f s i t a s s i n o i t i d n o c . d e i f s i t a s e s n e p x e m u m i n i m e h t , d e i f i d o m e r a d r a w a n o i t c a s n a r t d e l t t e s - y t i u q e n a f o s m r e t e h t e r e h W e h t f o s m r e t l a n i g i r o e h t f i , d e i f i d o m n e e b t o n d a h s m r e t e h t f i s a e s n e p x e e h t s i d e z i n g o c e r s e s a e r c n i t a h t n o i t a c i f i d o m y n a r o f d e z i n g o c e r s i e s n e p x e l a n o i t i d d a n A . t e m e r a d r a w a e h t o t l a i c i f e n e b e s i w r e h t o s i r o , n o i t c a s n a r t t n e m y a p d e s a b - e r a h s e h t f o e u l a v r i a f l a t o t e h t . n o i t a c i f i d o m f o e t a d e h t t a d e r u s a e m s a e e y o l p m e f o e t a d e h t n o s t s e v y l l u f t i f i s a d e t a e r t s i t i , d e l l e c n a c s i d r a w a d e l t t e s - y t i u q e n a e r e h W . y l e t a i d e m m i d e z i n g o c e r s i d r a w a e h t r o f d e z i n g o c e r t e y t o n e s n e p x e y n a d n a , n o i t a l l e c n a c e h t r e h t i e f o l o r t n o c e h t n i h t i w s n o i t i d n o c g n i t s e v - n o n e r e h w d r a w a y n a s e d u l c n i s i h T d e l l e c n a c e h t r o f s e t u t i t s b u s d r a w a w e n a f i , r e v e w o H . t e m t o n e r a e e y o l p m e e h t r o y t i t n e d e l l e c n a c e h t , d e t n a r g s i t i t a h t e t a d e h t n o d r a w a t n e m e c a l p e r a s a d e t a n g i s e d s i d n a d r a w a . d r a w a l a n i g i r o e h t f o n o i t a c i f i d o m a e r e w y e h t f i s a d e t a e r t e r a s d r a w a w e n d n a e h t g n i y l p p a y b s r e m o t s u c h t i w s t c a r t n o c m o r f e u n e v e r s e z i n g o c e r y n a p m o C e h T : ” s r e m o t s u C h t i w s t c a r t n o C m o r f e u n e v e R “ 5 1 S R F I f o s p e t s g n i w o l l o f d n a ; t c a r t n o c e h t n i s n o i t a g i l b o e c n a m r o f r e p e h t o t e c i r p n o i t c a s n a r t e h t e t a c o l l a . d s n o i t a g i l b o e c n a m r o f r e p s t i s e i f s i t a s y t i t n e e h t ) s a r o ( n e h w e u n e v e r e z i n g o c e r . e ; t c a r t n o c e h t n i s n o i t a g i l b o e c n a m r o f r e p e h t y f i t n e d i . b ; r e m o t s u c a h t i w t c a r t n o c e h t y f i t n e d i . a ; e c i r p n o i t c a s n a r t e h t e n i m r e t e d . c s r e m o t s u C h t i w s t c a r t n o C m o r f e u n e v e R n o i t i n g o c e R e u n e v e R ) 2 2 ( g n i t c u d e d , n o i t a g i l b o t i f e n e b d e n i f e d e h t f o e u l a v t n e s e r p e h t f o t n u o m a e h t s a d e z i n g o c e r e c i v r e S . g n i l i e c t e s s a e h t f o t c e f f e y n a r o f g n i t s u j d a d n a s t e s s a n a l p y n a f o e u l a v r i a f e h t s e s n e p x e s a d e z i n g o c e r e r a ) t e s s a ( y t i l i b a i l t i f e n e b d e n i f e d t e n e h t n o t s e r e t n i t e n d n a t s o c h c i h w , ) t e s s a ( y t i l i b a i l t i f e n e b d e n i f e d t e n e h t f o t n e m e r u s a e m e R . e c i v r e s f o d o i r e p e h t n i t c e f f e e h t n i e g n a h c y n a d n a s t e s s a n a l p n o n r u t e r e h t , s e s s o l d n a s n i a g l a i r a u t c a s e s i r p m o c r e h t o n i d e z i n g o c e r s i , t s e r e t n i t e n n i d e d u l c n i s t n u o m a y n a g n i d u l c x e , g n i l i e c t e s s a e h t f o n i d e z i n g o c e r t n e m e r u s a e m e R . r u c c o y e h t h c i h w n i d o i r e p e h t n i e m o c n i e v i s n e h e r p m o c e b t o n l l a h s d n a s g n i n r a e d e n i a t e r n i y l e t a i d e m m i d e t c e l f e r s i e m o c n i e v i s n e h e r p m o c r e h t o . d o i r e p t n e u q e s b u s a n i s s o l r o t i f o r p o t d e i f i s s a l c e r s t n a r G t n e m n r e v o G ) 9 1 ( f o e r u s o l c s i D d n a s t n a r G t n e m n r e v o G r o f g n i t n u o c c A “ 0 2 S A I h t i w e c n a d r o c c a n I s i e r e h t n e h w s t n a r g t n e m n r e v o g e h t s e z i n g o c e r y n a p m o C e h t , ” e c n a t s i s s A t n e m n r e v o G m e h t o t g n i h c a t t a s n o i t i d n o c e h t d n a d e v i e c e r e b l l i w s t n a r g h c u s t a h t e c n a r u s s a e l b a n o s a e r . h t i w d e i l p m o c e b l l i w t i f o r p n i d e z i n g o c e r d n a e m o c n i d e r r e f e d s a d e d r o c e r s i t n a r g t n e m n r e v o g d e t a l e r t e s s a n A d e t a l e r e s n e p x e n A . s t e s s a e h t f o s e v i l l u f e s u e h t r e v o s i s a b e n i l - t h g i a r t s a n o s s o l r o n i s d o i r e p e h t r e v o s i s a b c i t a m e t s y s a n o s s o l r o t i f o r p n i d e z i n g o c e r s i t n a r g t n e m n r e v o g s i t n a r g e h t h c i h w r o f s t s o c d e t a l e r e h t s e s n e p x e s a s e z i n g o c e r y n a p m o C e h t h c i h w s e s s o l r o s e s n e p x e r o f s e t a s n e p m o c t a h t t n a r g t n e m n r e v o g A . e t a s n e p m o c o t d e d n e t n i y n a p m o C e h t o t t r o p p u s l a i c n a n i f e t a i d e m m i g n i v i g f o e s o p r u p e h t r o f r o d e r r u c n i y d a e r l a . e l b a v i e c e r s e m o c e b t i n e h w s s o l r o t i f o r p n i d e z i n g o c e r s i s t s o c d e t a l e r e r u t u f o n h t i w e s a h c r u p e r t a d e z i n g o c e r e r a ) s k c o t s y r u s a e r t ( d e s a h c r u p e r s t n e m u r t s n i y t i u q e n w o s ’ C M U e h t n o s s o l r o t i f o r p n i d e z i n g o c e r e b l l a h s s s o l r o n i a g o N . y t i u q e m o r f d e t c u d e d d n a t s o c e c n e r e f f i d y n A . s t n e m u r t s n i y t i u q e n w o s ’ C M U f o n o i t a l l e c n a c r o e u s s i , e l a s , e s a h c r u p . y t i u q e n i d e z i n g o c e r s i n o i t a r e d i s n o c e h t d n a t n u o m a g n i y r r a c e h t n e e w t e b s i s e e y o l p m e s t i d n a y n a p m o C e h t n e e w t e b s n o i t c a s n a r t d e l t t e s - y t i u q e f o t s o c e h T t e k r a m e h t o t e c n e r e f e r y b l e d o m g n i c i r p e t a i r p o r p p a n a g n i s u e u l a v r i a f e h t t a d e r u s a e m . e t a d t n a r g e h t n o s t n e m u r t s n i y t i u q e e h t f o e c i r p s n o i t c a s n a r T t n e m y a P d e s a B - e r a h S ) 1 2 ( k c o t S y r u s a e r T ) 0 2 ( 213 Financial Review e r a s d o i r e p r o i r p d n a d o i r e p t n e r r u c e h t r o f s e i t i l i b a i l d n a s t e s s a x a t e m o c n i t n e r r u C d e t c a n e y l e v i t n a t s b u s r o d e t c a n e n e e b e v a h t a h t s w a l x a t d n a s e t a r x a t e h t g n i s u d e r u s a e m d e z i n g o c e r s m e t i o t g n i t a l e r x a t e m o c n i t n e r r u C . d o i r e p g n i t r o p e r e h t f o d n e e h t y b e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s i y t i u q e r o e m o c n i e v i s n e h e r p m o c r e h t o n i y l t c e r i d . s s o l r o t i f o r p n a h t r e h t a r y t i u q e r o e m o c n i e s n e p x e x a t e m o c n i s a d e z i n g o c e r s i s g n i n r a e d e t u b i r t s i d n u r o f x a t e m o c n i l a n o i t i d d a e h T ’ s r e d l o h k c o t s e h t y b d e v o r p p a s i l a s o p o r p n o i t u b i r t s i d e h t n e h w r a e y t n e u q e s b u s e h t n i x a t e m o c n i d e r r e f e D . g n i t e e m s e c n e r e f f i d y r a r o p m e t n o d o h t e m y t i l i b a i l e h t g n i s u d e n i m r e t e d s i x a t e m o c n i d e r r e f e D l a i c n a n i f n i s t n u o m a g n i y r r a c r i e h t d n a s e i t i l i b a i l d n a s t e s s a f o s e s a b x a t e h t n e e w t e b : t p e c x e , s e c n e r e f f i d y r a r o p m e t e l b a x a t l l a r o f d e z i n g o c e r e r a s e i t i l i b a i l x a t d e r r e f e D . e t a d g n i t r o p e r e h t t a s t n e m e t a t s f o e m i t e h t t a , d n a n o i t a n i b m o c s s e n i s u b a t o n s i t a h t n o i t c a s n a r t a n i y t i l i b a i l r o t e s s a n a f o r o l l i w d o o g f o n o i t i n g o c e r l a i t i n i e h t m o r f s e s i r a y t i l i b a i l x a t d e r r e f e d e h t n e h W . a ; s s o l r o t i f o r p e l b a x a t r o n t i f o r p g n i t n u o c c a e h t r e h t i e n s t c e f f a , n o i t c a s n a r t e h t y r a r o p m e t e h t f o l a s r e v e r e h t f o g n i m i t e h t n e h w , s e r u t n e v t n i o j d n a s e t a i c o s s a t o n l l i w s e c n e r e f f i d y r a r o p m e t e h t t a h t e l b a b o r p s i t i d n a d e l l o r t n o c e b n a c s e c n e r e f f i d , s e i r a i d i s b u s n i s t n e m t s e v n i h t i w d e t a i c o s s a s e c n e r e f f i d y r a r o p m e t e l b a x a t f o t c e p s e r n I . b . e r u t u f e l b a e e s e r o f e h t n i e s r e v e r e h t , s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d l l a r o f d e z i n g o c e r e r a s t e s s a x a t d e r r e f e D e l b a b o r p s i t i t a h t t n e t x e e h t o t , s t i d e r c x a t d e s u n u d n a s e s s o l x a t d e s u n u f o d r a w r o f y r r a c y r a r o p m e t e l b i t c u d e d e h t h c i h w t s n i a g a e l b a l i a v a e b l l i w t i f o r p e l b a x a t e r u t u f t a h t e b n a c s t i d e r c x a t d e s u n u d n a s e s s o l x a t d e s u n u f o d r a w r o f y r r a c e h t d n a s e c n e r e f f i d : t p e c x e , d e z i l i t u s s e n i s u b a t o n s i t a h t n o i t c a s n a r t a n i y t i l i b a i l r o t e s s a n a f o n o i t i n g o c e r l a i t i n i e h t r o n t i f o r p g n i t n u o c c a e h t r e h t i e n s t c e f f a , n o i t c a s n a r t e h t f o e m i t e h t t a , d n a n o i t a n i b m o c m o r f s e s i r a e c n e r e f f i d y r a r o p m e t e l b i t c u d e d e h t o t g n i t a l e r t e s s a x a t d e r r e f e d e h t e r e h W . a ; s s o l r o t i f o r p e l b a x a t e h t o t y l n o d e z i n g o c e r e r a s t e s s a x a t d e r r e f e d , s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s e l b a e e s e r o f e h t n i e s r e v e r l l i w s e c n e r e f f i d y r a r o p m e t e h t t a h t e l b a b o r p s i t i t a h t t n e t x e n a c s e c n e r e f f i d y r a r o p m e t e h t h c i h w t s n i a g a e l b a l i a v a e b l l i w t i f o r p e l b a x a t d n a e r u t u f n i s t n e m t s e v n i h t i w d e t a i c o s s a s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d f o t c e p s e r n I . b . d e z i l i t u e b e c n a m r o f r e p s t i s e i f s i t a s y n a p m o C e h t s a d e z i n g o c e r e r a t n e m p o l e v e d y g o l o n h c e t e h T . s e c i v r e s d n a s d o o g d e s i m o r p f o l o r t n o c f o r e f s n a r t n o p u s r e m o t s u c o t s n o i t a g i l b o l a u t c a r t n o c g n i s u d e n i m r e t e d e r a t a h t e c i r p n o i t c a s n a r t t a e u n e v e r s e z i n g o c e r y n a p m o C n o d e s a b s e t a m i t s e y n a p m o C e h t h c i h w s e c n a w o l l a d n a s n r u t e r s e l a s y b d e c u d e r s e c i r p f o t n u o m a e h t n i l a s r e v e r t n a c i f i n g i s a t a h t d e n i m r e t e d g n i v a h e c n e i r e p x e l a c i r o t s i h s e z i n g o c e r y n a p m o C e h T . r u c c o o t e l b a b o r p t o n e r a d e z i n g o c e r e u n e v e r e v i t a l u m u c r e m o t s u c e h t n o d e s a b s e c n a w o l l a d n a n r u t e r s e l a s d e t a m i t s e r o f s e i t i l i b a i l d n u f e r . s r o t c a f n w o n k r e h t o d n a , e c n e i r e p x e l a c i r o t s i h , s t n i a l p m o c e h t f o l o r t n o c s r e f s n a r t y n a p m o C e h t n e h w e l b a v i e c e r s t n u o c c a s e z i n g o c e r y n a p m o C e h T s i t a h t n o i t a r e d i s n o c f o t n u o m a n a o t t h g i r a s a h d n a s r e m o t s u c o t s e c i v r e s r o s d o o g t n a c i f i n g i s a n i a t n o c t o n o d d n a m r e t t r o h s e r a e l b a v i e c e r s t n u o c c a h c u S . l a n o i t i d n o c n u y n a p m o C e h t e d i v o r p t o n o d t a h t s t c a r t n o c n i a t r e c r o F . t n e n o p m o c g n i c n a n i f r o s d o o g e h t f o l o r t n o c f o r e f s n a r t e h t d n a , n o i t a r e d i s n o c e h t o t s t h g i r l a n o i t i d n o c n u . s e u n e v e r d n a s t e s s a t c a r t n o c s e z i n g o c e r y n a p m o C e h t , d e i f s i t a s n e e b s a h s e c i v r e s s t i d e i f s i t a s g n i v a h y n a p m o C e h t o t r o i r p s r e m o t s u c m o r f d e v i e c e r n o i t a r e d i s n o C o t d e r r e f s n a r t e r a h c i h w s e i t i l i b a i l t c a r t n o c s a r o f d e t n u o c c a e r a s n o i t a g i l b o e c n a m r o f r e p o t s t s o c s e z i n g o c e r y n a p m o C e h T . d e i f s i t a s e r a s n o i t a g i l b o e c n a m r o f r e p e h t r e t f a e u n e v e r e c n a h n e r o e t a r e n e g , t c a r t n o c e h t o t y l t c e r i d e t a l e r s t s o c e h t n e h w t c a r t n o c a l l i f l u f e b o t d e t c e p x e e r a d n a , e r u t u f e h t n i s n o i t a g i l b o e c n a m r o f r e p y f s i t a s o t d e s u e b o t s e c r u o s e r s t i s e i f s i t a s y n a p m o C e h t n e h w d e z i n g o c e r e r a s e u n e v e r d n a s t s o c e h T . d e r e v o c e r d n a s d o o g d e s i m o r p f o l o r t n o c f o r e f s n a r t n o p u s r e m o t s u c o t s n o i t a g i l b o e c n a m r o f r e p e m o c n i t s e r e t n I . s e c i v r e s h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f d n a t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i f r o F t s e r e t n i e v i t c e f f e e h t g n i s u d e d r o c e r s i e m o c n i t s e r e t n i , e m o c n i e v i s n e h e r p m o c r e h t o . s s o l r o t i f o r p n i d e z i n g o c e r d n a d o h t e m s d n e d i v i D , d e h s i l b a t s e s i s d n e d i v i d e h t e v i e c e r o t t h g i r s ’ y n a p m o C e h t n e h w d e z i n g o c e r s i e u n e v e R . d n e d i v i d e h t e v o r p p a s r e d l o h k c o t s n e h w y l l a r e n e g s i h c i h w d e r r e f e d d n a x a t e m o c n i t n e r r u c f o t n u o m a e t a g e r g g a e h t s i ) t i f e n e b ( e s n e p x e x a t e m o c n I . d o i r e p e h t r o f s s o l r o t i f o r p f o n o i t a n i m r e t e d e h t n i d e d u l c n i x a t e m o c n i x a T e m o c n I ) 3 2 ( x a t e m o c n i t n e r r u C t n i o j d n a s r e f a w f o s e l a s e h t r o f s r e m o t s u c h t i w s t c a r t n o c s ’ y n a p m o C e h t n o s e u n e v e R 214 United Microelectronics Corporation | Annual Report 2019 c i s a B . ” e r a h S r e p s g n i n r a E “ , 3 3 S A I o t g n i d r o c c a d e t u p m o c s i e r a h s r e p s g n i n r a E f o r e b m u n e g a r e v a - d e t h g i e w e h t y b e m o c n i t e n g n i d i v i d y b d e t u p m o c s i e r a h s r e p s g n i n r a e r e p s g n i n r a e d e t u l i D . d o i r e p g n i t r o p e r t n e r r u c e h t g n i r u d g n i d n a t s t u o s e r a h s y r a n i d r o l a n o i t i d d a s u l p n o i t a r e d i s n o c o t n i e r a h s r e p s g n i n r a e c i s a b g n i k a t y b d e t u p m o c s i e r a h s n e e b d a h s t n e l a v i u q e e r a h s e v i t u l i d e h t f i g n i d n a t s t u o n e e b e v a h d l u o w t a h t s e r a h s y r a n i d r o d e v i r e d s e s n e p x e r o e m o c n i r e h t o d n a t s e r e t n i r o f d e t s u j d a o s l a s i e m o c n i t e N . d e u s s i g n i d n a t s t u o f o e g a r e v a - d e t h g i e w e h T . s t n e l a v i u q e e r a h s e v i t u l i d g n i y l r e d n u y n a m o r f n o i t a s n e p m o c k c o t s e e y o l p m e d n a s d n e d i v i d k c o t s r o f y l e v i t c a o r t e r d e t s u j d a s i s e r a h s . s e u s s i o t t n e m e g a n a m s e r i u q e r s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c s ’ y n a p m o C e h t f o n o i t a r a p e r p e h T , s e u n e v e r f o s t n u o m a d e t r o p e r e h t t c e f f a t a h t s n o i t p m u s s a d n a s e t a m i t s e , s t n e m g d u j e k a m t n e g n i t n o c f o e r u s o l c s i d e h t d n a s e r u s o l c s i d g n i y n a p m o c c a e h t , s e i t i l i b a i l , s t e s s a , s e s n e p x e n i t l u s e r d l u o c s e t a m i t s e d n a s n o i t p m u s s a e s e h t t u o b a y t n i a t r e c n u , r e v e w o H . s e i t i l i b a i l s e i t i l i b a i l r o s t e s s a f o t n u o m a g n i y r r a c e h t o t t n e m t s u j d a l a i r e t a m a e r i u q e r t a h t s e m o c t u o . s d o i r e p e r u t u f n i d e t c e f f a t a y t n i a t r e c n u g n i t a m i t s e f o s e c r u o s y e k r e h t o d n a e r u t u f e h t g n i n r e c n o c s n o i t p m u s s a y e k e h T g n i y r r a c e h t o t t n e m t s u j d a l a i r e t a m a r o f k s i r t n a c i f i n g i s a e v a h d l u o w t a h t e t a d g n i t r o p e r e h t . w o l e b d e s s u c s i d e r a r a e y l a c s i f t x e n e h t n i h t i w s e i t i l i b a i l r o s t e s s a f o s t n u o m a S N O I T P M U S S A D N A S E T A M I T S E , S T N E M G D U J G N I T N U O C C A T N A C I F I N G I S . 5 e h t n e h w e l b a l i a v a n o i t a m r o f n i n o s e t a m i t s e d n a s n o i t p m u s s a s t i s e s a b y n a p m o C e h T s n o i t p m u s s a d n a s e c n a t s m u c r i c g n i t s i x E . d e r a p e r p e r e w s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c s e c n a t s m u c r i c r o s e g n a h c t e k r a m o t e u d e g n a h c y a m , r e v e w o h , s t n e m p o l e v e d e r u t u f t u o b a s n o i t p m u s s a e h t n i d e t c e l f e r e r a s e g n a h c h c u S . y n a p m o C e h t f o l o r t n o c e h t d n o y e b g n i s i r a s t n e m u r t s n I l a i c n a n i F 3 l e v e L f o e u l a V r i a F e h T ) 1 ( . r u c c o y e h t n e h w e h t n o d e d r o c e r s e i t i l i b a i l l a i c n a n i f d n a s t e s s a l a i c n a n i f 3 l e v e l e h t f o s e u l a v r i a f e h t e r e h W e h t y b d e n i m r e t e d e r a y e h t , s t e k r a m e v i t c a m o r f d e v i r e d e b t o n n a c t e e h s e c n a l a b t e k r a m d n a h c a o r p p a e m o c n i e h t g n i d u l c n i d o h t e m n o i t a u l a v e t a i r p o r p p a n a f o n o i t a c i l p p a e h t n i t n e m g d u j t n a c i f i n g i s s e v l o v n i s t e s s a l a i c n a n i f e s e h t f o n o i t a u l a v e h T . h c a o r p p a y t i u q e r o s e i n a p m o c e l b a r a p m o c f o n o i t c e l e s a , s t s a c e r o f w o l f h s a c f o n o i t a r a p e r p , s e t a r t n u o c s i d s a h c u s s n o i t p m u s s a f o n o i t a c i l p p a e h t s a l l e w s a , s e c i r p n o i t c a s n a r t s n o i t p m u s s a n i s e g n a h C . c t e , s e l p i t l u m n o i t a u l a v d n a , y t i l i b a t e k r a m f o k c a l r o f s t n u o c s i d r e f e r e s a e l P . s t e s s a l a i c n a n i f e h t f o e u l a v r i a f d e t r o p e r e h t t c e f f a d l u o c s r o t c a f e s e h t t u o b a . s l i a t e d e r o m r o f 2 1 e t o N o t e r a h S r e p s g n i n r a E ) 4 2 ( n i y l p p a o t d e t c e p x e e r a t a h t s e t a r x a t e h t t a d e r u s a e m e r a s e i t i l i b a i l d n a s t e s s a x a t d e r r e f e D s w a l x a t d n a s e t a r x a t n o d e s a b , d e l t t e s s i y t i l i b a i l e h t r o d e z i l a e r s i t e s s a e h t n e h w r a e y e h t t n e m e r u s a e m e h T . e t a d g n i t r o p e r e h t t a d e t c a n e y l e v i t n a t s b u s r o d e t c a n e n e e b e v a h t a h t e h t w o l l o f d l u o w t a h t s e c n e u q e s n o c x a t e h t s t c e l f e r s e i t i l i b a i l d n a s t e s s a x a t d e r r e f e d f o r o r e v o c e r o t , d o i r e p g n i t r o p e r e h t f o d n e e h t t a , s t c e p x e y n a p m o C e h t h c i h w n i r e n n a m s m e t i o t g n i t a l e r x a t d e r r e f e D . s e i t i l i b a i l d n a s t e s s a s t i f o t n u o m a g n i y r r a c e h t e l t t e s r e h t o n i r e h t a r t u b s s o l r o t i f o r p n i d e z i n g o c e r t o n s i s s o l r o t i f o r p e d i s t u o d e z i n g o c e r d n a d e s s e s s a e r e r a s t e s s a x a t d e r r e f e D . y t i u q e n i y l t c e r i d r o e m o c n i e v i s n e h e r p m o c t a d e s s e s s a e r e r a s t e s s a x a t d e r r e f e d d e z i n g o c e r n U . e t a d g n i t r o p e r h c a e t a d e z i n g o c e r e r u t u f t a h t e l b a b o r p e m o c e b s a h t i t a h t t n e t x e e h t o t d e z i n g o c e r e r a d n a e t a d g n i t r o p e r h c a e . d e r e v o c e r e b o t s t e s s a x a t d e r r e f e d e h t w o l l a l l i w s t i f o r p e l b a x a t o t s t s i x e t h g i r e l b a e c r o f n e y l l a g e l a f i , r e h t o h c a e t e s f f o s e i t i l i b a i l d n a s t e s s a x a t d e r r e f e D d e r r e f e d e h t d n a , s e i t i l i b a i l x a t e m o c n i t n e r r u c t s n i a g a s t e s s a x a t e m o c n i t n e r r u c f f o t e s . y t i r o h t u a n o i t a x a t e m a s e h t d n a y t i t n e e l b a x a t e m a s e h t o t e t a l e r s e x a t r o f a i r e t i r c e h t g n i y f s i t a s t o n t u b , n o i t a n i b m o c s s e n i s u b a f o t r a p s a d e r i u q c a s t i f e n e b x a T y l t n e u q e s b u s d e z i n g o c e r d n a d e z i l a e r e b t h g i m , e t a d n o i t i s i u q c a e h t t a n o i t i n g o c e r e t a r a p e s : s w o l l o f s a t l u s e r t a h t d o i r e p t n e m e r u s a e m e h t n i h t i w d e z i n g o c e r s t i f e n e b x a t d e r r e f e d d e r i u q c A e t a d n o i t i s i u q c a e h t t a d e t s i x e t a h t s e c n a t s m u c r i c d n a s t c a f t u o b a n o i t a m r o f n i w e n m o r f t a h t o t d e t a l e r l l i w d o o g y n a f o t n u o m a g n i y r r a c e h t e c u d e r o t d e i l p p a e b l l a h s x a t d e r r e f e d g n i n i a m e r y n a , l i n s i l l i w d o o g t a h t f o t n u o m a g n i y r r a c e h t f I . n o i t i s i u q c a ; s s o l r o t i f o r p n i d e z i n g o c e r e b l l a h s s t i f e n e b , s s o l r o t i f o r p n i d e z i n g o c e r e b l l a h s d e z i l a e r s t i f e n e b x a t d e r r e f e d d e r i u q c a r e h t o l l A . y t i u q e r o e m o c n i e v i s n e h e r p m o c r e h t o . a . b t p e c c a l l i w y t i r o h t u a n o i t a x a t a t a h t e l b a b o r p s i t i r e h t e h w d e r e d i s n o c s a h y n a p m o C e h T t a h t s e d u l c n o c y n a p m o C e h t f I . s g n i l i f x a t e m o c n i s t i n i d e s u s t n e m t a e r t x a t n i a t r e c n u e h t e h t , t n e m t a e r t x a t n i a t r e c n u n a t p e c c a l l i w y t i r o h t u a n o i t a x a t e h t t a h t e l b a b o r p s i t i r o s t i d e r c x a t d e s u n u , s e s s o l x a t d e s u n u , s e s a b x a t , t i f o r p e l b a x a t e h t s e n i m r e t e d y n a p m o C x a t e m o c n i s t i n i d e s u e b o t d e n n a l p r o d e s u s t n e m t a e r t x a t e h t h t i w y l t n e t s i s n o c s e t a r x a t x a t n i a t r e c n u n a t p e c c a l l i w y t i r o h t u a n o i t a x a t e h t t a h t e l b a b o r p t o n s i t i f I . s g n i l i f e h t r o t n u o m a y l e k i l t s o m e h t r e h t i e g n i s u s e t a m i t s e s e k a m y n a p m o C e h t , t n e m t a e r t o t s t c e p x e y n a p m o C e h t d o h t e m h c i h w n o g n i d n e p e d , t n e m t a e r t x a t e h t f o e u l a v d e t c e p x e r o t n e m e g d u j a s e s s e s s a e r y n a p m o C e h T . y t n i a t r e c n u e h t f o n o i t u l o s e r e h t t c i d e r p r e t t e b . e g n a h c e c n a t s m u c r i c d n a s t c a f e h t f i e t a m i t s e 215 Financial Review n i s e g n a h c , s n o i t a l u g e r x a t x e l p m o c f o n o i t a t e r p r e t n i e h t o t t c e p s e r h t i w t s i x e s e i t n i a t r e c n U s e h s i l b a t s e y n a p m o C e h T . e m o c n i e l b a x a t e r u t u f f o g n i m i t d n a t n u o m a e h t d n a , s w a l x a t x a t e h t y b s t i d u a f o s e c n e u q e s n o c e l b i s s o p r o f , s e t a m i t s e e l b a n o s a e r n o d e s a b , s n o i s i v o r p h c u s f o t n u o m a e h T . s e t a r e p o t i h c i h w n i s e i r t n u o c e v i t c e p s e r e h t f o s e i t i r o h t u a d n a s t i d u a x a t s u o i v e r p f o e c n e i r e p x e s a h c u s , s r o t c a f s u o i r a v n o d e s a b s i s n o i s i v o r p e l b i s n o p s e r e h t d n a y t i t n e e l b a x a t e h t y b e d a m s n o i t a l u g e r x a t f o s n o i t a t e r p r e t n i t n e r e f f i d s e u s s i f o y t e i r a v e d i w a n o e s i r a y a m n o i t a t e r p r e t n i f o s e c n e r e f f i d h c u S . y t i r o h t u a x a t . y n a p m o C e h t f o e l i c i m o d e v i t c e p s e r e h t n i g n i l i a v e r p s n o i t i d n o c e h t n o g n i d n e p e d d n a s t i d e r c x a t , s e s s o l x a t d e s u n u f o d r a w r o f y r r a c l l a r o f d e z i n g o c e r e r a s t e s s a x a t d e r r e f e D t i f o r p e l b a x a t e r u t u f t a h t e l b a b o r p s i t i t a h t t n e t x e e h t o t s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d e h t h c i h w t s n i a g a s e c n e r e f f i d y r a r o p m e t e l b a x a t t n e i c i f f u s e r a e r e h t r o e l b a l i a v a e b l l i w . d e z i l i t u e b n a c s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d r o s t i d e r c x a t d e s u n u , s e s s o l x a t d e s u n u y l e k i l e h t n o p u d e s a b s i d e z i n g o c e r e b o t d e n i m r e t e d s t e s s a x a t d e r r e f e d f o t n u o m a e h T e s a e l P . s e c n e r e f f i d y r a r o p m e t e l b a x a t d n a s t i f o r p e l b a x a t e r u t u f f o l e v e l e h t d n a g n i m i t . s t e s s a x a t d e r r e f e d d e z i n g o c e r n u n o s l i a t e d e r o m r o f ) 3 2 ( 6 e t o N o t r e f e r 1 9 0 , 6 $ 5 6 2 , 1 2 0 , 5 2 9 4 5 , 9 3 1 , 9 4 4 3 8 , 4 9 4 , 9 8 1 0 2 4 7 0 , 6 $ 5 2 9 , 4 8 3 , 6 2 1 8 4 , 6 6 9 , 9 5 7 9 9 , 4 3 1 , 9 9 1 0 2 , 1 3 r e b m e c e D f o s A 9 3 7 , 1 6 6 , 3 8 $ 7 7 4 , 2 9 4 , 5 9 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 - 1 6 5 , 3 8 2 2 , 8 9 9 , 2 8 8 6 , 0 3 0 , 2 5 0 9 , 6 3 2 - - 9 1 4 , 9 9 2 , 3 4 2 5 , 5 9 1 , 2 5 4 4 , 5 4 1 5 1 9 , 4 1 8 , 6 $ 5 8 0 , 1 8 3 , 8 $ 7 9 2 , 4 8 0 , 2 1 $ 3 7 4 , 1 2 0 , 4 1 $ t n e m n r e v o g y b d e z i l a r e t a l l o c s t n e m e e r g a e s a h c r u p e R s e t o n e t a r o p r o c d n a s d n o b l a t o T s t n u o c c a s g n i v a s d n a g n i k c e h C h s a c y t t e p d n a d n a h n o h s a C s t i s o p e d e m T i s s o L r o t i f o r P h g u o r h t e u l a V r i a F t a s t e s s A l a i c n a n i F e u l a v r i a f t a d e r u s a e m y l i r o t a d n a m s t e s s a l a i c n a n i F s t n e l a v i u q E h s a C d n a h s a C ) 1 ( ) 2 ( S T N U O C C A T N A C I F I N G I S F O S T N E T N O C . 6 s s o l r o t i f o r p h g u o r h t s k c o t s n o m m o C s k c o t s d e r r e f e r P s d n u F s d n o B e l b i t r e v n o C s t c a r t n o c d r a w r o F n o i t p O l a t o T t e N . m e t i y b m e t i e u l a v e l b a z i l a e r t e n d n a t s o c f o r e w o l e h t t a d e u l a v e r a s e i r o t n e v n I e h t s s e l s s e n i s u b f o e s r u o c y r a n i d r o e h t n i e c i r p g n i l l e s d e t a m i t s e e h t s i e u l a v e l b a z i l a e r e s a e l P . e l a s e h t e k a m o t y r a s s e c e n s t s o c d e t a m i t s e e h t d n a n o i t e l p m o c f o s t s o c d e t a m i t s e g n i d u l c n i , d a e h r e v o d n a r o b a l t c e r i d e d u l c n i n o i t e l p m o c f o s t s o C . ) 4 ( 6 e t o N o t r e f e r t c e r i d n i , s t s o c r o b a l t c e r i d n i , t n e m p i u q e n o i t c u d o r p f o e c n a n e t n i a m d n a n o i t a i c e r p e d l a m r o n t a d e r r u c n i e b o t d e t c e p x e s i t a h t s e i t l a y o r d n a s e i t i l i t u , s e i l p p u s , s t s o c l a i r e t a m t n u o c c a o t n i g n i k a t l e v e l n o i t c u d o r p l a m r o n s e t a m i t s e y n a p m o C e h T . l e v e l n o i t c u d o r p d n a e c n e i r e p x e l a c i r o t s i h n o d e s a b , e c n a n e t n i a m d e n n a l p m o r f g n i t l u s e r y t i c a p a c f o s s o l . y t i c a p a c n o i t c u d o r p t n e r r u c s t i f e n e B t n e m y o l p m E - t s o P ) 3 ( n o i s n e p a r o f n o i t a g i l b o t i f e n e b d e n i f e d e h t f o e u l a v t n e s e r p e h t d n a s t s o c t i f e n e b d e n i f e D n o i t a u l a v l a i r a u t c a n A . d o h t e m t i d e r c t i n u d e t c e j o r p e h t g n i s u d e n i m r e t e d e r a n a l p t n u o c s i d e h t f o n o i t a n i m r e t e d e h t e d u l c n i h c i h w , s n o i t p m u s s a s u o i r a v g n i k a m s e v l o v n i l a u t c a m o r f r e f f i d y a m d n a , . c t e , e t a r y t i l a t r o m , e t a r e s a e r c n i y r a l a s e r u t u f , e t a r t n e m e g a n a m , e t a r t n u o c s i d e t a i r p o r p p a e h t g n i n i m r e t e d n I . e r u t u f e h t n i s t n e m p o l e v e d y t i r u t a m m o r f d e t a l o p a r t x e s d n o b t n e m n r e v o g e h t f o s e t a r t s e r e t n i e h t s r e d i s n o c e t a r e h t r o f s A . n o i t a g i l b o t i f e n e b d e n i f e d e h t f o n o i t a r u d d e t c e p x e e h t o t g n i d n o p s e r r o c s n o s i r a p m o c , s e c n e i r e p x e t s a p f o t n u o c c a s e k a t t n e m e g a n a m , e s a e r c n i y r a l a s e r u t u f f o o t e u D . e t a r t n u o c s i d e h t d n a n o i t a l f n i , n o i g e r l a c i h p a r g o e g e h t d n a y r t s u d n i e h t n i h t i w t i f e n e b d e n i f e d a , e r u t a n m r e t - g n o l s t i d n a n o i t a u l a v l a i r a u t c a e h t f o y t i x e l p m o c e h t e r a d e s u s n o i t p m u s s a e h T . s n o i t p m u s s a e s e h t n i s e g n a h c o t e v i t i s n e s y l h g i h s i n o i t a g i l b o t n e m p i u q E d n a t n a l P , y t r e p o r P f o t n e m r i a p m I ) 4 ( . ) 3 1 ( 6 e t o N n i d e s o l c s i d r o d e n i l c e d s a h e u l a v s ’ t e s s a e h t t a h t e t a c i d n i s t n e v e r e v e n e h w r o e t a d g n i t r o p e r h c a e t A y n a p m o C e h t , e c a l p n e k a t e v a h t c e f f e e s r e v d a n a h t i w t e k r a m e h t n i s e g n a h c t n a c i f i n g i s e b y a m 6 3 S A I f o e p o c s e h t n i t e s s a n a t a h t n o i t a c i d n i n a s i e r e h t r e h t e h w s e s s e s s a e h t r o f g n i t s e t t n e m r i a p m i s e t e l p m o c y n a p m o C e h t , s t s i x e n o i t a c i d n i y n a f I . d e r i a p m i r o t e s s a n a f o t n u o m a g n i y r r a c e h t e r e h W . g n o l e b s t e s s a l a u d i v i d n i e h t h c i h w o t U G C n w o d n e t t i r w s i d n a d e r i a p m i d e r e d i s n o c s i t e s s a e h t , t n u o m a e l b a r e v o c e r s t i s d e e c x e U G C e h t s i U G C r o t e s s a l a u d i v i d n i n a f o t n u o m a e l b a r e v o c e r e h T . t n u o m a e l b a r e v o c e r s t i o t f o s t s o c s s e l e u l a v r i a f e h T . e s u n i e u l a v s t i d n a l a s o p s i d f o s t s o c s s e l e u l a v r i a f f o r e h g i h d l u o c y t i t n e n a t a h t t n u o m a e h t t c e l f e r o t e l b a l i a v a n o i t a m r o f n i t s e b n o d e s a b s i l a s o p s i d , s t n a p i c i t r a p t e k r a m n e e w t e b n o i t c a s n a r t y l r e d r o n a n i t e s s a e h t f o l a s o p s i d e h t m o r f n i a t b o t n e s e r p t e n e h t t a d e r u s a e m s i e s u n i e u l a v e h T . l a s o p s i d f o s t s o c e h t g n i t c u d e d r e t f a h s a C . U G C r o t e s s a e h t m o r f e v i r e d o t s t c e p x e y t i t n e e h t s w o l f h s a c e r u t u f e h t f o e u l a v d e t a m i t s e e h t e d u l c n i h c i h w s e t a m i t s e d n a s t n e m g d u j e v i t c e j b u s s e v l o v n i n o i t c e j o r p w o l f , s w o l f h s a c e r u t u f s e t a r e n e g t a h t y t i c a p a c , t n e m p i u q e d n a t n a l p , y t r e p o r p f o s e v i l l u f e s u e h t d n a y r t s u d n i e h t n i e l c y c c i m o n o c e f o s n o i t a u t c u l f l a i t n e t o p , t u p t u o l a c i s y h p f o y t i c a p a c . n o i t a u t i s g n i t a r e p o s ’ y n a p m o C x a T e m o c n I ) 5 ( s e i r o t n e v n I ) 2 ( 216 United Microelectronics Corporation | Annual Report 2019 e r e w s e l a s s a e s r e v o y t r a p d r i h t d n a s e l a s c i t s e m o d y t r a p d r i h t r o f s d o i r e p n o i t c e l l o c e h T . y l e v i t c e p s e r , s y a d 0 6 ~ 0 3 t e n d n a s y a d 0 6 ~ 0 3 d n e - h t n o m t i d e r c d e t c e p x e e r u s a e m o t e t a d g n i t r o p e r h c a e t a d e m r o f r e p s i s i s y l a n a t n e m r i a p m i n A g n i d u l c n i , s y a d 0 6 n i h t i w e u d t s a p e l b a v i e c e r r o F . e l b a v i e c e r s t n u o c c a f o ) s L C E ( s e s s o l e t a r n o i s i v o r p A . s L C E e t a l u c l a c o t e t a r n o i s i v o r p a s e t a m i t s e y n a p m o C e h t , e u d t s a p t o n ’ s r e m o t s u c d n a e c n e i r e p x e s s o l t i d e r c l a c i r o t s i h s ’ y n a p m o C e h t n o d e s a b d e n i m r e t e d s i ’ s r e m o t s u c s a h c u s , s r o t c a f g n i k o o l - d r a w r o f r o f d e t s u j d a , n o i t i d n o c l a i c n a n i f t n e r r u c s e i l p p a y n a p m o C e h t , s y a d 0 6 r e v o e u d t s a p e l b a v i e c e r e h t r o F . t n e m n o r i v n e c i m o n o c e e z i n g o c e r o t r e h t e h w s e s s e s s a y l l a u d i v i d n i o s l a d n a e t a r n o i s i v o r p d e n o i t n e m e r o f a e h t d n a n o i t a u t i s g n i t a r e p o s ’ r e m o t s u c g n i r e d i s n o c y b s e s s o l t i d e r c d e t c e p x e l a n o i t i d d a , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 6 5 0 , 6 6 7 , 3 $ 1 7 5 , 2 0 1 , 5 $ 7 3 7 , 3 3 1 , 3 6 7 3 , 8 4 5 , 3 8 8 4 , 4 3 0 , 0 1 8 1 7 , 9 0 3 , 1 1 8 3 8 , 8 6 2 , 1 7 3 1 , 4 5 7 , 1 9 1 1 , 3 0 2 , 8 1 $ 2 0 8 , 4 1 7 , 1 2 $ s t r a p e r a p s d n a s e i l p p u S s l a i r e t a m w a R s s e c o r p n i k r o W s d o o g d e h s i n i F l a t o T . y t i l i b a g n i y a p - t b e d t e N , s e i r o t n e v n I ) 4 ( h c i h w f o , t s o c g n i t a r e p o n i , y l e v i t c e p s e r , n o i l l i m 5 9 7 , 3 2 1 $ T N d n a n o i l l i m 9 9 9 , 2 2 1 $ T N d e z i n g o c e r y n a p m o C e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F . a . s e i r o t n e v n i f o n w o d - e t i r w o t d e t a l e r e r e w n o i l l i m 8 9 6 , 1 $ T N d n a n o i l l i m 0 2 8 $ T N , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 6 2 0 , 4 8 1 4 9 4 , 5 7 1 1 5 4 , 1 0 4 , 1 1 $ 8 3 7 , 7 4 5 , 4 1 $ 7 7 4 , 5 8 5 , 1 1 $ 2 3 2 , 3 2 7 , 4 1 $ s k c o t s n o m m o C s k c o t s d e r r e f e r P s t n e m u r t s n i y t i u q E l a t o T t n e r r u C - n o N , e m o c n I e v i s n e h e r p m o C r e h t O h g u o r h t e u l a V r i a F t a s t e s s A l a i c n a n i F ) 5 ( . d e g d e l p e r e w s e i r o t n e v n i d e n o i t n e m e r o f a e h t f o e n o N . b , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 0 5 4 , 8 2 5 $ 4 9 7 , 2 2 7 $ 7 4 8 , 5 5 5 , 1 1 9 7 6 , 8 9 2 , 3 1 7 9 2 , 4 8 0 , 2 1 $ 3 7 4 , 1 2 0 , 4 1 $ t n e r r u c n o N t n e r r u C l a t o T U S T I J U F n e e w t e b t n e m e e r g a e r u t n e v t n i o j a f o n o i t p o l l a c a d a h y n a p m o C e h T d n a e u l a v r i a f t a d e r u s a e m s a w h c i h w , C M U d n a ) L S F ( D E T I M I L R O T C U D N O C M E S I f o d r a o B e h t , 8 1 0 2 , 9 2 e n u J n O . s s o l r o t i f o r p n i d e d r o c e r s a w e u l a v r i a f e h t n i e g n a h c e h t n o n o i t i s i u q c a e h t d e t e l p m o c d n a , n o i t p o l l a c e h t e s i c r e x e o t d e v l o s e r C M U f o s r o t c e r i D . ) 6 2 ( 6 e t o N o t r e f e r e s a e l P . 9 1 0 2 , 1 r e b o t c O t e N , e l b a v i e c e R s t n u o c c A ) 3 ( , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 ) 2 5 1 , 8 4 ( ) 0 9 5 , 7 9 6 ( 1 4 1 , 4 8 7 , 3 2 $ 3 9 2 , 6 3 1 , 6 2 $ 9 8 9 , 5 3 7 , 3 2 $ 3 0 7 , 8 3 4 , 5 2 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 4 0 3 , 1 7 2 , 8 1 $ 7 9 7 , 4 2 9 , 1 2 $ 4 5 0 , 9 3 7 6 6 3 , 5 4 5 7 0 0 , 5 6 3 8 6 5 , 7 0 4 1 3 1 , 5 8 1 9 7 , 4 0 2 8 8 7 , 8 3 1 5 8 8 , 0 2 7 0 9 6 , 7 0 4 , 3 1 1 3 , 4 6 3 , 2 5 8 6 , 4 6 4 , 5 6 0 9 , 3 1 5 , 3 9 8 9 , 5 3 7 , 3 2 $ 3 0 7 , 8 3 4 , 5 2 $ 4 7 5 , 8 8 7 5 , 9 3 $ 2 5 1 , 8 4 $ 8 1 0 2 2 5 1 , 8 4 $ 8 3 4 , 9 4 6 0 9 5 , 7 9 6 $ 9 1 0 2 d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D : e l b a v i e c e r s t n u o c c a r o f e c n a w o l l a s s o l f o t n e m e v o M l a t o T d e r i a p m i r o n e u d t s a p r e h t i e N : d e r i a p m i t o n t u b e u d t s a P s y a d 0 6 o t 1 3 s y a d 0 9 o t 1 6 s y a d 0 2 1 o t 1 9 s y a d 0 3 ≤ s y a d 1 2 1 ≥ l a t o t b u S : t e n , e l b a v i e c e r s t n u o c c a f o s i s y l a n a g n i g A e l b a v i e c e r s t n u o c c A e c n a w o l l a s s o l : s s e L t e N d o i r e p e h t r o f e g r a h c t e N e c n a l a b g n i n n i g e B e c n a l a b g n i d n E 217 Financial Review f o e g a t n e c r e P r o p i h s r e n w o f o e g a t n e c r e P r o p i h s r e n w o , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 s t h g i r g n i t o v t n u o m A s t h g i r g n i t o v t n u o m A s e i n a p m o c e e t s e v n I e h t o t n o i t a l e r n i e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l r o t i f o r p n i d e z i n g o c e r s t n u o m A : w o l e b d e t s i l e r a e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f . b d n a s e s o p r u p m r e t - g n o l o t m u i d e m r o f d l e h e r a s t n e m u r t s n i y t i u q e n i s t n e m t s e v n i e s e h T . a . e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f s a r o f d e t n u o c c a e r a e r o f e r e h t 218 - 4 4 . 5 4 8 7 . 4 4 0 0 . 2 4 0 0 . 0 4 9 4 . 6 3 7 8 . 0 3 0 0 . 0 3 9 8 . 6 2 4 1 . 5 2 8 3 . 0 1 0 0 . 0 5 6 1 . 5 4 - - 6 2 0 , 3 $ 5 0 0 , 8 6 5 5 7 5 , 0 2 5 , 1 0 3 4 , 9 1 4 , 3 3 4 5 , 2 4 6 , 2 9 1 3 , 1 6 1 4 4 5 , 1 3 3 5 9 , 7 6 1 4 4 . 5 4 8 7 . 4 4 5 4 . 4 4 0 0 . 2 4 0 0 . 0 4 9 4 . 6 3 7 8 . 0 3 0 0 . 0 3 0 9 . 5 2 4 1 . 5 2 - 7 5 1 , 8 1 $ 4 6 1 , 7 0 6 6 , 2 4 6 1 3 6 , 1 8 2 , 2 3 9 1 , 8 7 3 , 4 4 3 9 , 9 2 8 , 3 0 6 0 , 2 2 1 2 9 5 3 7 9 , 1 2 1 - 3 1 2 , 2 - - - - 0 4 4 , 0 2 1 8 3 . 0 1 4 1 4 , 2 7 1 7 7 9 , 3 6 3 , 0 1 $ 3 4 1 , 2 2 3 , 3 1 $ ) B e t o N ( H B M G 1 T K E J O R P R A L O S O C A N W I I ) B e t o N ( H B M G N E I L I B O M M I I O C A N W I . D T L . I E T P S G N D L O H C I T M s e i n a p m o c d e t s i l n U N O I T A R O P R O C L A T I P A C T H G N K R T I I . C N I L A T I P A C H C E T I N U . C N I L I F M U R U P I . D T L . D T L , . O C T N E M T S E V N I , . O C T N E M T S E V N I H E I H C N U S H N A U Y N N A Y s r a e y e h t r o F , 1 3 r e b m e c e D d e d n e 8 1 0 2 9 1 0 2 - - , 6 0 4 8 6 2 $ 2 5 0 , 5 6 3 $ , 6 0 4 8 6 2 $ 2 5 0 , 5 6 3 $ s s o l r o t i f o r p n i d e z i n g o c e r e m o c n i d n e d i v i D d o i r e p e h t g n i r u d d e z i n g o c e r e D d o i r e p f o d n e t a d l e H l a t o T ) C e t o N ( . . P L , I S R E N T R A P L A T I P A C K N I L S N A R T : w o l l o f s a e r a 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d n e D E T I M I L s r a e y e h t r o f s t n e m t s e v n i h c u s f o n o i t i n g o c e r e d n o s l i a t e D . e m o c n i e v i s n e h e r p m o c G N O K G N O H N O I T A R O P R O C D E L D E T I N U r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m s t n e m t s e v n i t n e m u r t s n i y t i u q e l a i t r a p d e z i n g o c e r e d . P R O C L A T I P A C H E I H C N U S H . D T L , . O C E S N E S V d n a d e s o p s i d y n a p m o C e h t , y g e t a r t s t n e m t s e v n i s ’ y n a p m o C e h t f o n o i t a r e d i s n o c n I . c y t i l i b a e h t d e n i a t b o y n a p m o C e h t t a h t t c a f e h t n e v i g e t a i c o s s a n a s a Y A D A R A F s t i n o n o i t a t n e s e r p e r h g u o r h t Y A D A R A F r e v o e c n e u l f n i t n a c i f i n g i s e s i c r e x e o t n i t n e m t s e v n i s t i r o f s t n u o c c a y n a p m o C e h t , 5 1 0 2 e n u J m o r f g n i n n i g e B : . s r o t c e r i D f o d r a o B A e t o N N E I L I B O M M I I O C A N W I d n a H B M G 1 T K E J O R P R A L O S I O C A N W I : B e t o N . C N I , S T N E M T S E V N I I L G N U Y l a t o T s r a e y e h t r o F , 1 3 r e b m e c e D d e d n e 8 1 0 2 9 1 0 2 - $ - $ 4 5 4 , 8 4 3 2 $ , e l a s f o e t a d e h t n o e u l a v r i a F ) 3 0 9 , 1 5 5 ( $ n o i t i n g o c e r e d o t e u d s g n i n r a e d e n i a t e r o t d e i f i s s a l c e r ) s e s s o l ( s n i a g e v i t a l u m u C d o h t e M y t i u q E e h t r e d n U r o F d e t n u o c c A s t n e m t s e v n I ) 6 ( e s e h t r o f t n u o c c a o t d o h t e m y t i u q e e h t s e s u d n a s p i h s r e n t r a p d e t i m i l r o f g n i t n u o c c a y t i u q e n i s e c i t c a r p g n i t n u o c c a l a n o i t a n r e t n i s w o l l o f y n a p m o C e h T : . s e e t s e v n i C e t o N h c i h w r o f d o h t e m y t i u q e e h t g n i s u r o f d e t n u o c c a s t n e m t s e v n i f o t n u o m a g n i y r r a c e h T 7 2 7 , 1 $ T N d n a n o i l l i m 7 4 7 , 1 $ T N o t d e t n u o m a s n o i t a t o u q e c i r p d e h s i l b u p e r a e r e h t e s e h t f o e u l a v r i a f e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a , n o i l l i m 9 1 0 2 , 1 3 r e b m e c e D f o s a , n o i l l i m 1 2 6 , 1 $ T N d n a n o i l l i m 4 4 2 , 2 $ T N e r e w s t n e m t s e v n i . y l e v i t c e p s e r , 8 1 0 2 d n a f o e g a t n e c r e P r o p i h s r e n w o f o e g a t n e c r e P r o p i h s r e n w o , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 s t h g i r g n i t o v t n u o m A s t h g i r g n i t o v t n u o m A s e i n a p m o c e e t s e v n I 9 3 2 2 . 8 7 3 1 . , 2 6 7 9 4 2 $ 7 6 1 , 7 7 4 1 , 0 9 1 2 . 8 7 . 3 1 6 6 8 , 6 7 2 $ . P R O C N O R T N E I L C s e i n a p m o c d e t s i L 9 9 4 , 0 7 4 , 1 ) Y A D A R A F ( . P R O C Y G O L O N H C E T Y A D A R A F ) A e t o N ( . y n a p m o C e h t o t s e r u t n e v t n i o j e r a H B M G : s w o l l o f s a e r a d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i f o s l i a t e D . a United Microelectronics Corporation | Annual Report 2019 n o i t c u r t s n o C d n a s s e r g o r p n i t n e m p i u q e g n i t i a w a d l o h e s a e L e r u t i n r u F n o i t a t r o p s n a r T y r e n i h c a M l a t o T n o i t c e p s n i t n e m e v o r p m i s e r u t x i f d n a t n e m p i u q e t n e m p i u q e d n a s g n i d l i u B d n a L 3 2 9 , 1 3 4 , 7 0 9 $ 3 6 7 , 0 5 5 , 0 1 $ 9 4 4 , 3 5 $ 6 1 9 , 6 3 7 , 6 $ 5 5 3 , 6 6 $ 0 2 2 , 1 8 4 , 3 5 8 $ 3 3 7 , 1 8 6 , 5 3 $ 7 8 4 , 1 6 8 $ 9 1 0 2 , 1 y r a u n a J f o s A : ) e t o N ( y n a p m o C e h t y b d e s U s t e s s A . a : t s o C 9 1 0 2 8 8 9 , 9 7 5 , 4 1 8 8 9 , 9 7 5 , 4 1 - - - - - ) 6 8 9 , 0 6 3 , 8 ( ) 8 5 7 , 7 2 ( ) 0 8 1 , 6 ( ) 7 8 4 , 6 9 1 ( ) 3 6 5 , 3 ( ) 1 6 3 , 2 2 1 , 8 ( ) 7 3 6 , 4 ( s n o i t i d d A s l a s o p s i D - - - s e r u t n e v t n i o j d n a s e t a i c o s s a e s e h t f o s s o l r o t i f o r p f o s e r a h S . s t n a t n u o c c a t n e d n e p e d n i , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f n o i l l i m ) 1 5 7 ( $ T N d n a n o i l l i m 1 3 2 , 1 $ T N o t d e t n u o m a e s e h t f o ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o f o e r a h S . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 r o f n o i l l i m ) 5 2 2 ( $ T N d n a n o i l l i m 4 8 1 , 1 $ T N o t d e t n u o m a s e r u t n e v t n i o j d n a s e t a i c o s s a f o s e c n a l a b e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t d n a n o i l l i m 4 0 7 , 1 1 $ T N e r e w d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 4 1 7 8 $ T N , . d e g d e l p e r e w s e r u t n e v t n i o j d n a s e t a i c o s s a d e n o i t n e m e r o f a e h t f o e n o N n e h W . y n a p m o C e h t r o f e r u t n e v t n i o j r o e t a i c o s s a t n a c i f i n g i s y l l a u d i v i d n i o n s i e r e h T e h t f o y c n e r r u c l a n o i t c n u f e h t d n a , n o i t a r e p o n g i e r o f a s i e r u t n e v t n i o j a r o e t a i c o s s a n a : s e r u t n e v t n i o j d n a s e t a i c o s s a f o n o i t a m r o f n i l a i c n a n i F . b ) 1 8 7 , 1 6 1 ( - - - 3 4 5 , 6 6 4 , 1 1 3 6 6 , 9 3 7 2 7 3 , 8 8 7 9 , 4 5 - 9 ) 1 8 7 , 1 6 1 ( - y r a i d i s b u s a f o l a s o p s i D m o r f g n i s i r a e c n e r e f f i d e g n a h c x e n a , y n a p m o C e h t m o r f t n e r e f f i d s i y t i t n e n g i e r o f 6 3 2 , 4 0 7 , 6 5 8 5 , 7 8 0 , 3 0 0 7 , 1 7 8 y r a i d i s b u s a f o n o i t i s i u q c A e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r e b l l i w y t i t n e n g i e r o f e h t f o n o i t a l s n a r t 1 2 8 , 5 5 0 , 1 ) 0 7 9 , 9 7 1 , 0 2 ( 2 1 7 , 1 1 1 9 8 , 5 8 2 7 5 5 , 3 6 4 3 , 3 2 7 , 0 2 5 8 2 , 1 1 2 - s n o i t a c i f i s s a l c e r d n a s r e f s n a r T ) 3 9 7 , 6 7 7 , 7 ( ) 0 7 1 , 9 7 ( ) 0 7 4 , 1 ( ) 4 7 1 , 9 3 ( ) 9 4 4 ( ) 8 8 0 , 7 7 0 , 7 ( ) 8 7 3 , 8 3 5 ( ) 4 6 0 , 1 4 ( t c e f f e e g n a h c x E 5 1 7 , 4 3 2 , 8 1 9 $ 6 1 5 , 3 8 5 , 5 $ 3 8 8 , 5 6 $ 4 2 1 , 2 4 8 , 6 $ 9 0 9 , 5 6 $ 2 7 5 , 7 4 5 , 5 6 8 $ 8 8 5 , 7 3 4 , 8 3 $ 3 2 1 , 2 9 6 , 1 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A n i ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s e c n e r e f f i d e g n a h c x e h c u S . ) s s o l ( ) 8 1 ( $ T N e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f s t n e m e t a t s l a i c n a n i f e h t g n i w o l l o f e h t n i d e d u l c n i t o n e r e w h c i h w , y l e v i t c e p s e r , n o i l l i m 8 1 $ T N d n a n o i l l i m . e l b a t : t n e m r i a p m I d n a n o i t a i c e r p e D d e t a l u m u c c A r o f d e t n u o c c a e r a t a h t s e t a i c o s s a s t i f o e r a h s s ’ y n a p m o C e h t f o t n u o m a e t a g e r g g a e h T : s w o l l o f s a s a w d o h t e m y t i u q e e h t g n i s u . i n o i t c u r t s n o C d n a s s e r g o r p n i t n e m p i u q e g n i t i a w a d l o h e s a e L e r u t i n r u F n o i t a t r o p s n a r T y r e n i h c a M l a t o T n o i t c e p s n i t n e m e v o r p m i s e r u t x i f d n a t n e m p i u q e t n e m p i u q e d n a s g n i d l i u B d n a L 0 1 2 , 9 4 0 , 7 3 7 $ 9 4 9 , 5 $ 0 8 5 , 9 4 $ 4 8 6 , 2 1 1 , 5 $ 4 3 4 , 5 4 $ 7 0 3 , 6 8 2 , 4 1 7 $ 6 5 2 , 9 4 5 , 7 1 $ - $ 9 1 0 2 , 1 y r a u n a J f o s A ) 6 8 9 , 0 2 3 , 8 ( ) 9 4 9 , 5 ( ) 1 7 3 , 5 ( ) 6 6 7 , 5 9 1 ( ) 3 6 5 , 3 ( ) 3 1 7 , 5 0 1 , 8 ( ) 4 2 6 , 4 ( 4 7 9 , 4 8 1 5 5 , 7 4 3 , 6 4 - - - - - 4 7 9 , 4 8 - 1 4 4 , 2 6 1 2 , 8 8 4 5 0 1 , 6 5 2 9 , 7 0 3 , 4 4 4 6 8 , 2 4 5 , 1 ) 5 5 4 , 7 2 1 ( 1 7 8 , 6 6 ) 5 0 3 , 9 4 9 , 4 ( - - - - 4 1 5 - ) 5 2 3 ( - - ) 5 5 4 , 7 2 1 ( 2 8 6 , 6 6 - - ) 7 1 0 , 1 ( ) 5 7 3 , 1 2 ( ) 2 8 1 ( ) 5 5 7 , 9 8 7 , 4 ( ) 6 7 9 , 6 3 1 ( - - - - - - y r a i d i s b u s a f o l a s o p s i D s n o i t a c i f i s s a l c e r t c e f f e e g n a h c x E d n a s r e f s n a r T s s o l t n e m r i a p m I n o i t a i c e r p e D s l a s o p s i D d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D ) 6 2 3 , 6 7 4 ( ) 1 0 7 , 7 6 6 ( $ 8 1 0 2 5 9 4 7 4 1 , , 1 $ 2 2 6 6 5 2 , , 1 9 1 0 2 ) 7 2 0 , 4 4 1 1 ( $ , , 7 1 1 4 0 4 , 2 $ s n o i t a r e p o g n i u n i t n o c m o r f ) s s o l ( e m o c n I ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t O ) s s o l ( e m o c n i e v i s n e h e r p m o c l a t o T 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f l i n h t o b e r e w d o h t e m y t i u q e e h t g n i s u r o f d e t n u o c c a e r a t a h t s e r u t n e v t n i o j s t i f o e r a h s s ’ y n a p m o C e h t f o t n u o m a e t a g e r g g a e h T . i i . 8 1 0 2 d n a n o i l l i m 1 4 4 d l e h , . D T L , . O C T N E M T S E V N I H E I H C N U S H , s e t a i c o s s a s ’ C M U f o e n O . c 0 6 8 , 0 5 1 , 0 7 7 $ - $ 7 4 1 , 6 4 $ 4 3 4 , 3 8 3 , 5 $ 4 9 7 , 7 4 $ 5 6 9 , 2 2 7 , 5 4 7 $ 0 2 5 , 0 5 9 , 8 1 $ - $ 9 1 0 2 , 1 3 r e b m e c e D f o s A N N A Y , e t a i c o s s a r e h t o n A . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a k c o t s s ’ C M U f o s e r a h s : t n u o m a g n i y r r a c t e N f o s e r a h s n o i l l i m 2 7 1 d n a s e r a h s n o i l l i m 0 0 2 d l e h , . D T L , . O C T N E M T S E V N I N A U Y 5 5 8 , 3 8 0 , 8 4 1 $ 6 1 5 , 3 8 5 , 5 $ 6 3 7 , 9 1 $ 0 9 6 , 8 5 4 , 1 $ 5 1 1 , 8 1 $ 7 0 6 , 4 2 8 , 9 1 1 $ 8 6 0 , 7 8 4 , 9 1 $ 3 2 1 , 2 9 6 , 1 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a k c o t s s ’ C M U 219 t n e m p i u q E d n a t n a l P , y t r e p o r P ) 7 ( r e h t o y b d e t i d u a e r e w d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i n i a t r e C Financial Review 2 8 0 , 0 9 1 , 9 3 7 $ 9 4 9 , 5 $ 0 8 5 , 9 4 $ 7 8 6 , 8 4 1 , 6 $ 4 3 4 , 5 4 $ 8 8 1 , 5 7 4 , 4 1 7 $ 4 4 2 , 5 6 4 , 8 1 $ - $ 8 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T s e r u t x i f d n a t n e m p i u q e d n a s g n i d l i u B d n a L n o i t c u r t s n o C d n a s s e r g o r p n i t n e m p i u q e g n i t i a w a d l o h e s a e L e r u t i n r u F n o i t a t r o p s n a r T y r e n i h c a M l a t o T n o i t c e p s n i t n e m e v o r p m i s e r u t x i f d n a t n e m p i u q e t n e m p i u q e d n a s g n i d l i u B d n a L 6 7 8 , 0 8 4 , 8 8 6 $ 9 4 9 , 5 $ 4 0 2 , 8 4 $ 2 8 9 , 6 3 6 , 5 $ 1 3 0 , 7 5 $ 7 5 8 , 1 7 7 , 5 6 6 $ 3 5 8 , 0 6 9 , 6 1 $ - $ 8 1 0 2 , 1 y r a u n a J f o s A - 9 8 5 , 8 4 9 , 9 4 ) 1 0 6 , 7 8 3 , 2 ( ) 1 2 1 , 8 8 1 ( 9 3 3 , 6 3 3 , 3 - - - - - ) 4 1 0 , 2 ( ) 4 6 2 , 5 ( - 7 6 8 , 2 - - ) 4 6 1 , 3 ( ) 3 4 8 , 0 8 1 ( - 7 9 2 - ) 7 6 4 , 5 2 ( ) 3 6 9 , 7 1 ( ) 9 5 3 , 6 8 2 , 2 ( ) 2 1 8 , 7 5 ( 8 9 2 , 2 8 2 6 , 3 3 5 0 8 0 , 6 4 7 1 , 1 7 8 , 7 4 9 0 4 , 5 3 5 , 1 2 9 0 , 1 1 4 9 , 5 6 8 2 3 2 5 , 2 0 3 , 3 7 9 4 , 6 2 - - - - - y r a i d i s b u s a f o l a s o p s i D s n o i t a c i f i s s a l c e r t c e f f e e g n a h c x E d n a s r e f s n a r T n o i t a i c e r p e D s l a s o p s i D : t n e m r i a p m I d n a n o i t a i c e r p e D d e t a l u m u c c A l a t o T e r u t i n r u F s e r u t x i f d n a y r e n i h c a M t n e m p i u q e d n a s g n i d l i u B d n a L 4 5 7 , 4 0 6 , 4 $ 5 8 9 , 9 1 3 , 1 $ 5 8 2 , 7 0 2 $ 9 6 5 , 4 2 6 , 2 $ 5 1 9 , 2 5 4 $ 9 1 0 2 , 1 y r a u n a J f o s A ) 0 4 9 ( 5 7 0 1 3 , ) 9 5 6 , 8 7 ( - ) 7 1 3 ( 3 1 2 , 3 - - ) 2 7 8 , 1 8 ( - ) 3 2 6 ( 4 2 0 , 4 2 - - 1 5 0 , 7 ) 1 3 7 , 8 1 ( ) 1 0 7 , 7 ( - ) 9 9 6 , 0 1 ( ) 1 3 3 ( y r a i d i s b u s a f o n o i t i s i u q c A s l a s o p s i D s n o i t a c i f i s s a l c e r t c e f f e e g n a h c x E d n a s r e f s n a r T 9 9 4 , 7 3 5 , 4 $ 0 8 1 , 5 1 3 , 1 $ 3 1 4 , 5 2 1 $ 1 7 2 , 7 3 6 , 2 $ 5 3 6 , 9 5 4 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A e r u t i n r u F y r e n i h c a M : t n e m r i a p m I d n a n o i t a i c e r p e D d e t a l u m u c c A : ) e t o N ( s e s a e L g n i t a r e p O o t t c e j b u S s t e s s A . b 220 : t s o C . L R S . 1 A I L A T I X E N L A C O S I d e i f i s s a l c e r y n a p m o C e h t , 9 1 0 2 f o r e t r a u q d n o c e s e h t n I y n a p m o C e h t , h c u s s A . e l a s r o f d l e h p u o r g l a s o p s i d a s a , y r a i d i s b u s a , ) X E N L A C O S ( I , y t r e p o r p f o d e s o p m o c ) U G C ( t i n u g n i t a r e n e g - h s a c e h t n o t s e t t n e m r i a p m i n a d e m r o f r e p . e l a s r o f d l e h p u o r g l a s o p s i d e l g n i s a s a U G C e h t g n i y f i s s a l c e r e r o f e b t n e m p i u q e d n a t n a l p g n i l l e s t e n e h t n o d e s a b U G C e h t f o t n u o m a e l b a r e v o c e r e h t d e n i m r e t e d , y n a p m o C e h T e l b a r e v o c e r e h t d e l a e v e r t s e t t n e m r i a p m i e h t d n a 3 l e v e L o t d e z i r o g e t a c s a w h c i h w e c i r p n i d e d r o c e r y n a p m o C e h t , s u h T . t n u o m a g n i y r r a c s t i n a h t s s e l e b o t U G C e h t f o t n u o m a r a e y e h t r o f n o i l l i m 5 8 $ T N f o s s o l t n e m r i a p m i n a s e s n e p x e d n a e m o c n i g n i t a r e p o r e h t o e h t . t n e m g e s s s e n i s u b w e n e h t m o r f f o d e s o p s i d e b o t U G C e h t n o , 9 1 0 2 , 1 3 r e b m e c e D d e d n e . 9 1 0 2 r e b m e v o N n i I X E N L A C O S d e s o p s i d y n a p m o C e h T . l a r e t a l l o c s a d e g d e l p t n e m p i u q e d n a t n a l p , y t r e p o r p r o f 8 e t o N o t r e f e r e s a e l P 5 9 5 , 6 4 8 , 2 7 1 $ 4 1 8 , 4 4 5 , 0 1 $ 9 6 8 , 3 $ 4 1 2 , 8 0 9 , 1 $ 1 2 9 , 0 2 $ 7 1 3 , 3 1 2 , 9 3 1 $ 8 5 0 , 1 4 8 , 9 1 $ 2 0 4 , 4 1 3 , 1 $ 8 1 0 2 , 1 3 r e b m e c e D f o s A : t n u o m a g n i y r r a c t e N n o i t c u r t s n o C d n a s s e r g o r p n i t n e m p i u q e 5 8 7 , 0 8 1 ) 1 5 6 ( ) 5 8 2 , 7 6 ( 2 7 8 , 0 4 1 , 2 $ ) 7 1 3 ( 0 1 8 0 7 0 7 , 3 0 0 , 6 3 0 , 1 $ - 7 2 8 , 3 ) 5 9 2 , 7 6 ( 1 8 8 , 8 8 1 $ - ) 4 3 3 ( 8 8 9 , 5 1 9 $ 0 5 2 , 6 0 1 ) 3 6 4 , 6 ( ) 5 9 5 , 3 ( - ) 8 6 8 , 2 ( 8 5 2 , 7 4 2 , 2 $ 9 0 8 , 2 0 1 , 1 $ 3 1 4 , 5 2 1 $ 6 3 0 , 9 1 0 , 1 $ - $ - - - - - $ 9 1 0 2 , 1 y r a u n a J f o s A n o i t a i c e r p e D s l a s o p s i D d n a s r e f s n a r T s n o i t a c i f i s s a l c e r t c e f f e e g n a h c x E 9 1 0 2 , 1 3 r e b m e c e D f o s A : t n u o m a g n i y r r a c t e N . 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T : e t o N 1 4 2 , 0 9 2 , 2 $ 1 7 3 , 2 1 2 $ - $ 5 3 2 , 8 1 6 , 1 $ 5 3 6 , 9 5 4 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A 8 1 0 2 : t s o C s e s a e L ) 8 ( g n i t i a w a d l o h e s a e L e r u t i n r u F n o i t a t r o p s n a r T y r e n i h c a M l a t o T n o i t c e p s n i t n e m e v o r p m i s e r u t x i f d n a t n e m p i u q e t n e m p i u q e d n a s g n i d l i u B d n a L , s g n i d l i u b , ) t h g i r e s u d n a l g n i d u l c n i ( d n a l s a h c u s , s e i t r e p o r p s u o i r a v s e s a e l y n a p m o C e h T s m r e t e s a e l h t i w t n e m p i u q e r e h t o d n a t n e m p i u q e n o i t a t r o p s n a r t , t n e m p i u q e d n a y r e n i h c a m e s a e l t s o M . s r a e y 0 5 f o m r e t e s a e l h t i w s t h g i r e s u d n a l e h t r o f t p e c x e , s r a e y 0 3 o t 1 f o e h t n o d e s a b d e t s u j d a e b l l i w s t n e m y a p e s a e l t a h t e t a t s C O R n i . . d e t a c o l d n a l f o s t c a r t n o c ) 6 3 6 , 3 3 2 ( ) 7 7 8 , 3 5 4 , 2 ( - - 9 8 6 , 9 7 5 , 7 1 9 8 6 , 9 7 5 , 7 1 - - 4 8 8 , 3 7 5 ) 1 9 5 3 9 6 , , 7 2 ( 9 4 0 , 2 5 6 6 , 3 3 4 4 8 8 , 8 3 2 0 , 7 4 4 , 7 2 4 5 8 , 5 7 3 ) 6 2 2 , 2 ( ) 5 1 5 , 6 ( - ) 5 9 8 , 4 2 2 ( - - 8 9 7 ) 9 9 1 , 0 4 ( ) 3 6 3 , 8 1 ( ) 7 3 4 , 0 3 3 , 2 ( ) 8 7 8 , 4 6 ( - - - 7 5 5 , , 2 2 2 4 9 8 $ 9 3 4 1 6 7 , , 0 2 $ 7 5 5 , 2 5 $ , 5 7 6 7 $ , 2 8 7 , 5 7 $ 9 1 9 , 8 6 2 , 6 2 8 $ 0 6 6 , 3 7 0 , 8 3 $ 2 0 4 , 4 1 3 , 1 $ 8 1 0 2 , 1 y r a u n a J f o s A - - - - - y r a i d i s b u s a f o l a s o p s i D s n o i t a c i f i s s a l c e r t c e f f e e g n a h c x E d n a s r e f s n a r T s n o i t i d d A s l a s o p s i D t a d n a l d e s a e l f o s n o i t p o e s a h c r u p e v a h t o n s e o d y n a p m o C e h T . e u l a v d n a l d e c n u o n n a 0 6 0 8 4 3 , , 2 ) 4 7 7 , 6 9 ( 9 6 0 , 1 ) 8 4 8 , 5 ( 2 5 5 9 8 , 7 2 5 , 2 ) 4 3 3 , 8 7 ( . s m r e t e s a e l e h t f o d n e e h t 7 7 6 , , 6 3 0 2 1 9 $ 3 6 7 0 5 5 , , 0 1 $ 9 4 4 , 3 5 $ 1 0 9 , 6 5 0 8 $ , 5 5 3 , 6 6 $ 5 0 5 , 8 8 6 , 3 5 8 $ 2 0 3 , 6 0 3 , 8 3 $ 2 0 4 , 4 1 3 , 1 $ 8 1 0 2 , 1 3 r e b m e c e D f o s A United Microelectronics Corporation | Annual Report 2019 e r a h c i h w t n e m p i u q e d n a t n a l p , y t r e p o r p n i a t r e c n o s e s a e l o t n i d e r e t n e y n a p m o C e h T d n a s k s i r e h t f o l l a y l l a i t n a t s b u s r e f s n a r t t o n d i d y e h t s a s e s a e l g n i t a r e p o s a d e i f i s s a l c o t e r a s t c a r t n o c n i a m e h T . s t e s s a g n i y l r e d n u e h t f o p i h s r e n w o o t l a t n e d i c n i s d r a w e r e t o N o t r e f e r e s a e l P . s e s u a l c n o i t a l l e c n a c h t i w s e e y o l p m e e h t o t y r o t i m r o d e h t e s a e l r e d n u s e s a e l g n i t a r e p o r o f t n e m p i u q e d n a t n a l p , y t r e p o r p f o e r u s o l c s i d t n a v e l e r r o f ) 7 ( 6 r o s s e l a s a y n a p m o C e h T . b . 6 1 S R F I s t e s s A e l b i g n a t n I ) 9 ( 9 1 0 2 : t s o C l a t o T s r e h t O d n a s t n e t a P y g o l o n h c e t s e e f e s n e c i l e r a w t f o S l l i w d o o G 1 6 5 , 2 4 8 , 8 $ 6 1 1 , 0 9 1 , 3 $ 9 2 6 , 1 1 5 , 4 $ 4 0 8 , 5 2 1 , 1 $ 2 1 0 , 5 1 $ 9 1 0 2 , 1 y r a u n a J f o s A ) 3 9 ( ) 3 9 ( - - ) 5 1 9 , 6 5 7 , 3 ( ) 5 1 8 , 8 3 6 ( ) 5 5 3 , 4 3 7 , 2 ( ) 5 4 7 , 3 8 3 ( 3 9 1 , 5 2 3 , 3 9 7 6 , 1 5 8 5 1 9 , 6 0 8 9 9 5 , 6 6 6 , 1 4 5 7 , 8 1 3 , 1 0 7 6 , 5 5 1 1 8 1 , 8 9 1 3 0 9 , 4 6 9 1 6 6 , 3 5 - - ) 7 1 7 , 0 7 4 ( ) 1 5 5 , 0 1 ( ) 2 9 0 , 0 8 3 ( 1 6 6 , 3 5 ) 4 7 0 , 0 8 ( - - - - - - 4 4 4 , 2 1 3 , 9 $ 6 0 0 , 8 4 5 , 3 $ 8 7 2 , 2 0 4 , 2 $ 8 4 1 , 7 4 3 , 3 $ 2 1 0 , 5 1 $ a f o n o i t i s i u q c A y r a i d i s b u s s n o i t a c i f i s s a l c e R t c e f f e e g n a h c x E , 1 3 r e b m e c e D f o s A 9 1 0 2 a f o l a s o p s i D y r a i d i s b u s s n o i t i d d A f f o - e t i r W f o s A , 1 3 r e b m e c e D 9 1 0 , 2 1 0 8 8 , 2 1 8 5 5 3 7 4 , 4 2 9 , 2 9 0 , 2 6 3 1 , 0 0 7 5 $ , 9 1 0 2 7 1 5 , 1 9 2 8 $ , ) t h g i r e s u d n a l g n i d u l c n i ( d n a L t n e m p i u q e d n a y r e n i h c a M t n e m p i u q e n o i t a t r o p s n a r T t n e m p i u q e r e h t O s g n i d l i u B t e N e e s s e l a s a y n a p m o C e h T s t e s s A e s u - f o - t h g i R ) a ( . a n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T : e t o N . 6 1 S R F I 2 7 5 7 8 , 5 1 1 , 0 8 1 7 2 8 , 6 6 3 $ 9 1 0 2 1 0 0 , 6 0 3 0 , 4 5 4 5 , 4 4 6 $ r a e y e h t r o F d e d n e , 1 3 r e b m e c e D ) t h g i r e s u d n a l g n i d u l c n i ( d n a L n o i t a i c e r p e D t n e m p i u q e d n a y r e n i h c a M t n e m p i u q e n o i t a t r o p s n a r T t n e m p i u q e r e h t O s g n i d l i u B l a t o T ) 3 9 ( 4 1 4 ) 3 9 ( - - - - 4 1 4 ) 4 7 9 , 3 5 1 ( ) 2 7 9 , 3 ( ) 0 5 8 , 2 2 1 ( ) 2 5 1 , 7 2 ( ) 5 1 9 , 6 5 7 , 3 ( ) 5 1 8 , 8 3 6 ( ) 5 5 3 , 4 3 7 , 2 ( ) 5 4 7 , 3 8 3 ( - - - - 8 9 3 , 7 - - - 0 1 6 , 6 6 1 , 2 0 1 8 , 4 7 8 0 9 7 , 1 3 5 0 1 0 , 0 6 7 7 5 7 , 0 5 8 , 5 $ 7 9 6 , 5 0 4 , 2 $ 1 1 4 , 3 4 8 , 2 $ 9 4 6 , 1 0 6 $ - - $ 8 9 3 , 7 l a t o T s r e h t O d n a s t n e t a P y g o l o n h c e t s e e f e s n e c i l e r a w t f o S l l i w d o o G 7 9 1 , 4 1 1 , 4 $ 7 2 6 , 7 3 6 , 2 $ 6 9 9 , 7 1 5 $ 6 7 1 , 1 5 9 $ 8 9 3 , 7 $ 7 4 2 , 8 9 1 , 5 $ 9 7 3 , 0 1 9 $ 2 8 2 , 4 8 8 , 1 $ 2 7 9 , 5 9 3 , 2 $ 4 1 6 , 7 $ 9 1 0 2 , 1 y r a u n a J f o s A s s o l t n e m r i a p m I n o i t a z i t r o m A a f o l a s o p s i D y r a i d i s b u s f f o - e t i r W , 1 3 r e b m e c e D f o s A s n o i t a c i f i s s a l c e R t c e f f e e g n a h c x E 9 1 0 2 : t n u o m a g n i y r r a c t e N , 1 3 r e b m e c e D f o s A 9 1 0 2 f o s A , 1 3 r e b m e c e D 7 5 9 , 9 6 5 $ 8 6 0 , 1 6 4 , 5 5 2 0 , 1 3 0 , 6 $ 9 1 0 2 s e i t i l i b a i L e s a e L ) b ( t n e r r u c n o N t n e r r u C l a t o T . l a r e t a l l o c s a d e g d e l p s t e s s a e s u - f o - t h g i r r o f 8 e t o N o t r e f e r e s a e l P . i i n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T : e t o N . 6 1 S R F I . s e i t i l i b a i l e s a e l e h t n o s e s n e p x e t s e r e t n i e h t r o f ) 1 2 ( 6 e t o N o t r e f e r e s a e l P 221 : t n e m r i a p m I d n a n o i t a z i t r o m A d e t a l u m u c c A e s u - f o - t h g i r o t n o i t i d d a s ’ y n a p m o C e h t , 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F . i . n o i l l i m 4 6 2 $ T N o t d e t n u o m a s t e s s a Financial Review , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 6 5 2 , 3 2 3 , 5 6 0 0 , 5 3 9 , 3 2 5 5 , 0 8 7 , 7 $ 0 0 2 , 0 8 0 , 8 $ 8 0 8 , 3 0 1 , 3 1 $ 6 0 2 , 5 1 0 , 2 1 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 d n a n o i l l i m 9 6 1 , 4 6 $ T N o t d e t n u o m a t i d e r c f o s e n i l m r e t - t r o h s d e s u n u s ’ y n a p m o C e h T % 5 5 . 4 ~ % 0 0 . 0 % 5 5 . 4 ~ % 0 0 . 0 d e i l p p a s e t a r t s e r e t n I . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 8 5 6 , 7 7 $ T N 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 2 3 3 , 6 9 1 , 8 1 3 9 2 , 9 2 7 , 7 1 0 0 0 , 0 0 7 , 3 2 $ 0 0 0 , 0 0 2 , 1 2 $ ) 0 5 1 , 8 1 5 ( ) 7 7 8 , 7 4 1 ( 2 8 1 , 8 7 3 , 1 4 6 1 4 , 1 8 7 , 8 3 ) 5 3 2 , 9 9 4 , 2 ( ) 5 2 8 , 3 9 0 , 0 2 ( 7 4 9 , 8 7 8 , 8 3 $ 1 9 5 , 7 8 6 , 8 1 $ e l b a y a p s d n o b e l b i t r e v n o c d e r u c e s n U e l b a y a p s d n o b c i t s e m o d d e r u c e s n U e l b a y a p s d n o b n o s t n u o c s i D : s s e L n o i t r o p t n e r r u C : s s e L l a t o T t e N e l b a y a P s d n o B ) 1 1 ( e h t f o s n o i t i d n o c d n a s m r e t e h T . s d n o b e t a r o p r o c d e r u c e s n u c i t s e m o d d e u s s i C M U . a : s w o l l o f s a e r e w s d n o b t n e m y a p e R e t a r n o p u o C t n u o m a d e u s s I e t a d e c n a u s s I m r e T n i d i a p e r y l l u f s a w l a p i c n i r p . 8 1 0 2 h c r a M e n u J n i d i a p e r y l l u f s a w l a p i c n i r p e h t d n a y l l a u n n a d i a p s a w t s e r e t n I % 3 6 1 . e h t d n a y l l a u n n a d i a p s a w t s e r e t n I % 5 3 1 . . 9 1 0 2 e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 0 5 1 . n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 0 2 0 2 h c r a M n o i l l i m 0 0 5 2 $ T N , n o i l l i m 0 0 5 7 $ T N , n o i l l i m 0 0 5 2 $ T N , 2 1 0 2 e n u J y l r a e n I r a e y - n e v e S 3 1 0 2 h c r a M - d i m n I r a e y - e v i F 3 1 0 2 h c r a M - d i m n I r a e y - n e v e S , 1 3 5 6 2 8 , 3 5 2 2 1 6 8 7 2 , 4 1 2 - , ) 0 5 8 9 8 5 1 ( , , ) 1 4 8 7 8 9 ( ) 8 1 4 , 9 7 1 ( ) 1 9 5 , 2 2 4 ( - - ) 6 7 1 ( , 7 2 1 4 7 4 - - - - , ) 1 4 4 7 1 2 ( ) 1 ( ) 2 8 9 , 0 1 2 ( ) 8 5 4 , 6 ( 7 2 1 , 4 7 4 - - - ) 6 7 1 ( s n o i t a c i f i s s a l c e R t c e f f e e g n a h c x E , 1 3 r e b m e c e D f o s A a f o l a s o p s i D y r a i d i s b u s s n o i t i d d A f f o - e t i r W d n a s t n e t a P y g o l o n h c e t l a t o T s r e h t O s e e f e s n e c i l e r a w t f o S l l i w d o o G , 1 6 5 2 4 8 8 $ , , 6 1 1 0 9 1 3 $ , 9 2 6 , 1 1 5 , 4 $ 4 0 8 , 5 2 1 , 1 $ 2 1 0 , 5 1 $ 8 1 0 2 : t n e m r i a p m I d n a n o i t a z i t r o m A d e t a l u m u c c A , 1 6 8 1 6 5 5 $ , , 7 5 6 6 0 3 2 $ , 0 9 1 , 5 8 5 , 2 $ 4 1 0 , 0 7 6 $ - $ 8 1 0 2 , 1 y r a u n a J f o s A , 2 0 8 2 1 9 1 , , ) 0 5 8 9 8 5 1 ( , , 2 8 8 6 8 0 1 , 6 9 2 , 8 6 4 4 2 6 , 7 5 3 , ) 1 4 8 7 8 9 ( ) 8 1 4 , 9 7 1 ( ) 1 9 5 , 2 2 4 ( ) 6 5 0 4 3 ( , ) 1 ( ) 7 5 6 , 0 3 ( ) 8 9 3 , 3 ( - - - , 7 5 7 0 5 8 5 $ , , 7 9 6 5 0 4 2 $ , 1 1 4 , 3 4 8 , 2 $ 9 4 6 , 1 0 6 $ - $ , 1 3 r e b m e c e D f o s A t c e f f e e g n a h c x E 8 1 0 2 : t n u o m a g n i y r r a c t e N , 1 3 r e b m e c e D f o s A n o i t a z i t r o m A f f o - e t i r W , 4 0 8 1 9 9 , 2 $ , 9 1 4 4 8 7 $ 8 1 2 , 8 6 6 , 1 $ 5 5 1 , 4 2 5 $ 2 1 0 , 5 1 $ 8 1 0 2 : s w o l l o f s a e r a s t e s s a e l b i g n a t n i f o s t n u o m a n o i t a z i t r o m a e h T d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 0 5 0 , 8 5 7 $ 6 9 5 , 7 2 8 $ 2 5 7 , 4 5 1 , 1 $ 4 1 0 , 9 3 3 , 1 $ s e s n e p x e g n i t a r e p O s t s o c g n i t a r e p O s n a o l k n a b d e r u c e s n U s n a o l r e h t o d e r u c e s n U l a t o T s n a o L m r e T - t r o h S ) 0 1 ( d n a s t n e t a P y g o l o n h c e t l a t o T s r e h t O s e e f e s n e c i l e r a w t f o S l l i w d o o G 8 1 0 2 : t s o C 222 , 0 7 3 9 4 3 9 $ , , 5 0 7 5 6 5 3 $ , 1 5 7 , 7 8 6 , 4 $ 6 2 7 , 0 8 0 , 1 $ 8 8 1 , 5 1 $ 8 1 0 2 , 1 y r a u n a J f o s A United Microelectronics Corporation | Annual Report 2019 s e l u r x a t s ’ . . C O R . e h t n i s e g n a h c n i a t r e c f o t n e v e e h t n i , e m i t y n a t a t n u o m A n o i t p m e d e R y l r a E e h t t a , s d n o b e h t f o , t r a p t o n t u b , l l a m e e d e r y a m C M U ) i i i ( p u s s o r g o t r o , l a p i c n i r p f o s t n e m y a p r o f p u s s o r g o t C M U e r i u q e r d l u o w h c i h w . m u i m e r p r o t s e r e t n i f o s t n e m y a p r o f l a p i c n i r p e h t f o % 5 2 . 9 9 t a 8 1 0 2 , 8 1 y a M n o s r e d l o h d n o b f o n o i t p o e h t t a t n u o m A n o i t p m e d e R y l r a E t a e l b a m e e d e r e b l l i w s d n o b e h t f o n o i t r o p y n a r o l l A ) v i ( . t n u o m a e h t n o d e t s i l e b o t e s a e c s e r a h s y r a n i d r o s ’ C M U f i t n u o m A n o i t p m e d e R y l r a E e h t t a s d n o b e h t f o l l a m e e d e r o t C M U e r i u q e r o t t h g i r e h t e v a h s r e d l o h d n o B ) v ( . e g n a h c x E k c o t S n a w i a T m e e d e r o t C M U e r i u q e r o t t h g i r e h t e v a h l l a h s s r e d l o h d n o b e h t , C M U o t s r u c c o s d n o b e h t f o e r u t n e d n i e h t n i d e n i f e d s a l o r t n o c f o e g n a h c a t a h t t n e v e e h t n I ) i v ( . t n u o m A n o i t p m e d e R y l r a E e h t t a , t r a p n i t o n t u b e l o h w n i , s d n o b e h t , r e v e w o h , d e d i v o r p ; s e r a h s y r a n i d r o C M U o t n i , 0 2 0 2 , 8 y a M o t r o i r p d n a 5 1 0 2 d n a , f o g n i n n i g e b e h t m o r f s y a d s s e n i s u b 5 n i h t i w s l l a f e t a d e s i c r e x e e h t f i t a h t e t o v o t s d n o b e h t f o r e d l o h g n i t r e v n o c e h t f o t h g i r e h t , d o i r e p d e s o l c y n a , g n i r u d . s n o i t c i r t s e r n i a t r e c o t t c e j b u s e b l l i w s e v i e c e r t i s e r a h s e h t o t t c e p s e r h t i w , 8 2 e n u J r e t f a r o n o e m i t y n a t a e l b i t r e v n o c e r a s d n o b e h T : d o i r e P n o i s r e v n o C ) i i ( n o p u s t n e m t s u j d a o t t c e j b u s e b l l i w e c i r p n o i s r e v n o c e h T . e r a h s r e p 0 5 . 7 1 $ T N e c i r p n o i s r e v n o c e h T . e r u t n e d n i e h t n i t u o t e s s t n e v e n i a t r e c f o e c n e r r u c c o e h t y l l a n i g i r o s a w e c i r p n o i s r e v n o c e h T : t n e m t s u j d A d n a e c i r P n o i s r e v n o C ) i i i ( . 9 1 0 2 , 1 3 r e b m e c e D n o e r a h s r e p 9 7 1 2 . 4 1 $ T N s a w C M U f o s e r a h s y r a n i d r O : s e i t i r u c e S g n i y l r e d n U ) i ( : n o i s r e v n o C f o s m r e T . v i l l a h s s d n o b e h t r o , C M U f o n o i t p o e h t t a s d n o b e h t d e m e e d e r e v a h l l a h s C M U ) i ( : e t a d h c u s o t r o i r p , s s e l n u t n u o m a l a p i c n i r p e h t f o % 6 7 . 8 9 t a s d n o b e h t m e e d e r l l i w C M U , e t a d y t i r u t a m e h t n O : e t a D y t i r u t a M e h t n o n o i t p m e d e R . v r o ; y t i r u t a m e r o f e b t h g i r n o i s r e v n o c e h t d e s i c r e x e e v a h l l a h s s r e d l o h d n o b e h T ) i i ( . d e l l e c n a c d n a C M U y b d e s a h c r u p e r r o d e m e e d e r n e e b e v a h l l a h s s d n o b e h T ) i i i ( ; r e d l o h d n o b e h t f o n o i t p o t a d e m e e d e r n e e b e v a h e h t f o e u l a v e h t , ” n o i t a t n e s e r P s t n e m u r t s n I l a i c n a n i F “ 2 3 S A I h t i w e c n a d r o c c a n I n i d e z i n g o c e r d n a e c n a u s s i t a d e n i m r e t e d s a w s d n o b e l b i t r e v n o c e h t f o t h g i r n o i s r e v n o c n o i t c u d e r r e t f a , n o i l l i m 4 9 8 , 1 $ T N o t g n i t n u o m a s n o i t p o k c o t s - l a t i p a c n i - d i a p l a n o i t i d d a e h t n o e t a r t s e r e t n i e v i t c e f f e e h T . n o i l l i m 9 $ T N o t g n i t n u o m a s t s o c e c n a u s s i f o . % 3 0 . 2 e b o t d e n i m r e t e d s a w s d n o b e l b i t r e v n o c e h t f o t n e n o p m o c y t i l i b a i l e h t d e t r e v n o c d a h s r e d l o h d n o b n i a t r e c , 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t g n i r u D 3 3 o t n i n o i l l i m 5 1 $ S U g n i l a t o t s d n o b e l b i t r e v n o c e h t f o t n u o m a l a p i c n i r p g n i d n a t s t u o n e e b t o n e v a h s e r u d e c o r p n o i t a r t s i g e r e r a h s e s a e r c n i l a t i p a c h c i h w f o , s e r a h s n o i l l i m . e c n a v d a n i d e t c e l l o c l a t i p a c s a d e i f i s s a l c e r e w d n a d e t e l p m o c n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 2 2 0 2 h c r a M e n u J n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 1 2 0 2 e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 0 7 . 1 n o i l l i m 0 0 0 , 2 $ T N 4 1 0 2 e n u J - d i m n I r a e y - n e v e S t n e m y a p e R e t a r n o p u o C t n u o m a d e u s s I e t a d e c n a u s s I m r e T e n u J n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 4 2 0 2 e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 5 9 . 1 n o i l l i m 0 0 0 , 3 $ T N 4 1 0 2 e n u J - d i m n I r a e y - n e T e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 5 1 . 1 n o i l l i m 0 0 2 , 6 $ T N 7 1 0 2 h c r a M e t a l n I r a e y - e v i F n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 4 2 0 2 h c r a M e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 3 4 . 1 n o i l l i m 0 0 1 , 2 $ T N 7 1 0 2 h c r a M e t a l n I r a e y - n e v e S n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 4 2 0 2 r e b o t c O 7 1 0 2 n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 2 2 0 2 r e b o t c O 7 1 0 2 e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 4 9 . 0 n o i l l i m 0 0 0 , 2 $ T N r e b o t c O y l r a e n I r a e y - e v i F e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 3 1 . 1 n o i l l i m 0 0 4 , 3 $ T N r e b o t c O y l r a e n I r a e y - n e v e S e l b i t r e v n o c n o p u o c o r e z d e k n i l y c n e r r u c d e t s i l T S - X G S d e u s s i C M U , 5 1 0 2 , 8 1 y a M n O : s w o l l o f s a e r e w s d n o b e h t f o s n o i t i d n o c d n a s m r e t e h T . s d n o b . b n a h t i w s d n o b e h t f o t n u o m a l a p i c n i r p e h t t a , e t a d y t i r u t a m e h t o t r o i r p d n a n o i t p m e d e R y l r a E e h t ( m u n n a r e p % 5 2 . 0 - f o e t a r e h t t a d e t a l u c l a c t s e r e t n i a r o f , E S W T e h t n o C M U f o s e r a h s y r a n i d r o e h t f o e c i r p g n i s o l c e h t f i ) t n u o m A t o n s r u c c o h c i h w f o t s a l e h t , s y a d g n i d a r t e v i t u c e s n o c 0 3 f o t u o 0 2 f o d o i r e p s i n o i t p m e d e r h c u s f o e c i t o n h c i h w n o p u e t a d e h t o t r o i r p s y a d 5 n a h t e r o m n o i t p m e d e R y l r a E e h T . e c i r p n o i s r e v n o c e h t f o % 5 2 1 t s a e l t a s i , d e h s i l b u p D T N ( e t a R e g n a h c x E d e x i F e h t n o d e s a b D T N o t n i d e t r e v n o c e b l l i w e c i r P e h t g n i s u d e t r e v n o c e b l l i w t n u o m a D T N d e x i f s i h t d n a , ) 0 0 . 1 D S U = 8 0 7 0 3 . . D S U n i t n e m y a p r o f n o i t p m e d e r f o e m i t e h t t a e t a r g n i l i a v e r p e c n a u s s i e h t f o s r a e y 3 r e t f a , t r a p n i r o e l o h w n i , s d n o b e h t m e e d e r y a m C M U ) i ( n e e b y d a e r l a s a h s d n o b e h t f o t n u o m a l a p i c n i r p n i % 0 9 t s a e l t a f i t n u o m A n o i t p m e d e R y l r a E e h t t a , t r a p n i t o n t u b , e l o h w n i , s d n o b e h t m e e d e r y a m C M U ) i i ( . d e l l e c n a c d n a d e s a h c r u p e r r o d e m e e d e r , d e t r e v n o c : n o i t p m e d e R ) e t a d y t i r u t a M ( 0 2 0 2 , 8 1 y a M ~ 5 1 0 2 , 8 1 y a M : d o i r e P n o i l l i m 0 0 6 $ S U : t n u o m A e u s s I . i . i i . i i i 223 Financial Review n o i t p m e d e R 8 1 0 2 9 1 0 2 s r e d n e L , 1 3 r e b m e c e D f o s A y l r e t r a u q h t i w 1 2 0 2 , 9 r e b m e t p e S o t 0 2 0 2 . s t n e m y a p t s e r e t n i , 6 1 r e b o t c O m o r f y l l a u n n a - i m e s e l b a y a p e R - 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5 a o t n i d e r e t n e C M U : A e t o N a C M U d e r e f f o t n e m e e r g a e h T . 6 1 0 2 , 2 r e b m e v o N m o r f e v i t c e f f e , k n a B d e c u d e r e b l l i w t i d e r c f o e n i l s i h T . n o i l l i b 3 $ T N f o t i d e r c f o e n i l g n i v l o v e r s h t n o m e e r h t y r e v e d n a e s u t s r i f e h t r e t f a r a e y d r i h t e h t f o d n e e h t m o r f g n i t r a t s e h t f o e t a d n o i t a r i p x e e h T . s t n e m t s u j d a e n i n f o l a t o t a h t i w , r e t f a e r e h t e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A . 2 2 0 2 , 7 2 r e b o t c O s i t n e m e e r g a . y l e v i t c e p s e r , n o i l l i b 3 $ T N d n a n o i l l i b 6 . 0 $ T N e r e w t i d e r c f o e n i l d e s u n u l a i c r e m m o C a w H g n a h C h t i w t n e m e e r g a n a o l r a e y - 5 a o t n i d e r e t n e C M U : B e t o N - g n o l r o f l a r e t a l l o c s a d e g d e l p t n e m p i u q e d n a t n a l p , y t r e p o r p r o f 8 e t o N o t r e f e r e s a e l P . b . s n a o l m r e t , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F 8 1 0 2 9 1 0 2 . % 6 5 5 ~ % 9 9 . 0 % 6 5 . 5 ~ % 5 5 0 . d e i l p p a s e t a r t s e r e t n I ) 2 4 8 , 1 ( - m o r f s e s n e p x e e v i t a r t s i n i m d A : s s e L ) 1 6 1 , 2 2 6 , 2 ( ) 5 7 7 , 1 0 7 , 4 ( , 4 5 0 4 0 2 8 2 $ , 9 9 2 , 0 0 2 , 9 2 $ s n a o l d e t a c i d n y s n o i t r o p t n e r r u C : s s e L l a t o T , 7 5 0 8 2 8 0 3 , 4 7 0 , 2 0 9 , 3 3 l a t o t b u S . r a e y t s r i f e h t r o f t n e m y a p y l n o - t s e r e t n I y l r e t r a u q 7 1 n i d i a p e r s i l a p i c n i r P . s t n e m y a p t s e r e t n i y l h t n o m h t i w s t n e m y a p ) 1 ( k n a B l a i c r e m m o C l a n o i t a n r e t n I , 4 2 r e b o t c O o t 9 1 0 2 , 4 2 r e b o t c O e v i t c e f f E - 0 8 3 , 0 1 a g e M m o r f n a o L m r e T - g n o L d e r u c e S , 1 3 r e b m e c e D f o s A n o i t p m e d e R 8 1 0 2 9 1 0 2 s r e d n e L . 1 2 0 2 , 5 y l u J o t 7 1 0 2 , 3 y l u J e v i t c e f f E 3 1 0 , 6 $ 7 2 8 , 3 $ a g e M m o r f n a o L m r e T - g n o L d e r u c e S t s r i f e h t r o f t n e m y a p y l n o - t s e r e t n I . 4 2 0 2 y l r e t r a u q 7 1 n i d i a p e r s i l a p i c n i r P . r a e y . s t n e m y a p t s e r e t n i y l h t n o m h t i w s t n e m y a p ) 2 ( k n a B l a i c r e m m o C l a n o i t a n r e t n I , 0 1 t s u g u A o t 5 1 0 2 , 0 1 t s u g u A e v i t c e f f E 6 0 0 , 3 8 8 2 , 1 n a w i a T m o r f n a o L m r e T - g n o L d e r u c e S t s r i f e h t r o f t n e m y a p y l n o - t s e r e t n I . 0 2 0 2 y l r e t r a u q 7 1 n i d i a p e r s i l a p i c n i r P . r a e y . s t n e m y a p t s e r e t n i y l h t n o m h t i w s t n e m y a p ) 1 ( k n a B e v i t a r e p o o C t s r i f e h t r o f t n e m y a p y l n o - t s e r e t n I . 5 2 0 2 y l r e t r a u q 7 3 n i d i a p e r s i l a p i c n i r P . r a e y . s t n e m y a p t s e r e t n i y l h t n o m h t i w s t n e m y a p ) 2 ( k n a B e v i t a r e p o o C o t 9 1 0 2 , 1 3 y a M m o r f y l h t n o m e l b a y a p e R - 6 9 8 , 9 2 n a w i a T m o r f n a o L m r e T - g n o L d e r u c e S , 9 1 r e b o t c O o t 5 1 0 2 , 9 1 r e b o t c O e v i t c e f f E 3 4 2 , 3 8 1 5 3 , 1 7 n a w i a T m o r f n a o L m r e T - g n o L d e r u c e S : s w o l l o f s a e r a 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a s n a o l m r e t - g n o l f o s l i a t e D . a s n a o L m r e T - g n o L ) 2 1 ( 224 . s t n e m y a p , 0 2 r e b o t c O o t 6 1 0 2 , 0 2 r e b o t c O e v i t c e f f E 5 9 8 , 7 8 9 , 8 2 7 5 4 , 2 9 8 , 6 2 a n i h C m o r f s n a o L d e t a c i d n y S d e r u c e S t s r i f e h t r o f t n e m y a p y l n o - t s e r e t n I . 4 2 0 2 d i a p e r s i l a p i c n i r P . r a e y d n o c e s e h t d n a h t i w s t n e m y a p l a u n n a - i m e s 3 1 n i . s t n e m y a p t s e r e t n i l a u n n a - i m e s t s e r e t n i y l h t n o m h t i w 1 2 0 2 , 3 2 r e b m e c e D . s t n e m y a p y l h t n o m h t i w 0 2 0 2 , 6 y r a u r b e F o t 7 1 0 2 . s t n e m y a p t s e r e t n i , 6 y r a u r b e F m o r f y l l a u n n a - i m e s e l b a y a p e R 0 0 9 , 7 4 7 o t 9 1 0 2 , 3 2 h c r a M m o r f y l r e t r a u q e l b a y a p e R 0 0 0 , 0 0 0 , 1 - - s r e h t o 6 d n a k n a B t n e m p o l e v e D k n a B m o r f s n a o L d e t a c i d n y S d e r u c e s n U s r e h t o 7 d n a n a w i a T f o k n a B m o r f n a o L m r e T - g n o L d e r u c e s n U n a w i a T f o , 0 3 r e b m e t p e S o t 9 1 0 2 , 0 1 y r a u n a J e v i t c e f f E - 0 0 9 , 7 4 7 C B T C m o r f n a o L m r e T - g n o L d e r u c e s n U t s r i f e h t r o f t n e m y a p y l n o - t s e r e t n I . 1 2 0 2 n i d i a p e r s i l a p i c n i r P . s h t n o m e n i n d n a y l h t n o m h t i w m r e t e h t f o d n e e h t t a l l u f . s t n e m y a p t s e r e t n i k n a B t s e r e t n i y l h t n o m h t i w 3 2 0 2 , 1 3 y a M ) 3 ( k n a B e v i t a r e p o o C United Microelectronics Corporation | Annual Report 2019 ) 0 5 3 , 1 9 ( $ ) 6 7 9 , 4 1 1 ( $ s n o i t p m u s s a l a i c n a n i f n i s e g n a h c m o r f g n i s i r A ) 7 0 9 , 5 ( ) 7 5 2 , 7 9 ( 0 3 5 , 3 3 2 9 1 1 , 5 6 5 9 0 , 0 8 1 0 1 5 , 6 1 2 s t n e m t s u j d a e c n e i r e p x E d i a p s t i f e n e B l a t o t b u S ) 9 0 5 , 0 2 6 , 5 ( $ ) 9 6 0 , 1 1 4 , 5 ( $ r a e y f o d n e t a n o i t a g i l b o t i f e n e b d e n i f e D : r a e y e h t g n i r u d s t e s s a n a l p f o e u l a v r i a f n i s t n e m e v o M d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 9 3 5 , 2 3 5 , 1 $ 5 3 3 , 3 5 4 , 1 $ s t e s s a n a l p f o e u l a v r i a f f o e c n a l a b g n i n n i g e B 2 5 5 , 6 1 7 7 5 , 5 9 5 2 2 , 3 1 2 6 3 , 4 9 ) 0 3 5 , 3 3 2 ( ) 0 1 5 , 6 1 2 ( e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s t n e m e r u s a e m e R : ) s s o l ( e m o c n i : s s o l r o t i f o r p s a d e z i n g o c e r s m e t I s t e s s a n a l p n o e m o c n i t s e r e t n I r e y o l p m e y b n o i t u b i r t n o C d i a p s t i f e n e B 7 9 1 , 2 4 4 8 2 , 1 4 d e d u l c n i s t n u o m a g n i d u l c x e , s t e s s a n a l p n o n r u t e R e m o c n i t s e r e t n i n i 5 3 3 , 3 5 4 , 1 $ 6 9 6 , 5 8 3 , 1 $ r a e y f o d n e t a s t e s s a n a l p f o e u l a v r i a F , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f y n a p m o C e h t f o s t e s s a n a l p n o s n r u t e r l a u t c a e h T . y l e v i t c e p s e r , n o i l l i m 9 5 $ T N d n a n o i l l i m 5 5 $ T N e r e w 8 1 0 2 d n a 9 1 0 2 s a e r a s t e e h s e c n a l a b d e t a d i l o s n o c e h t n o d e z i n g o c e r n a l p t i f e n e b d e n i f e d e h T . i i i : s w o l l o f , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 ) 9 0 5 , 0 2 6 , 5 ( $ ) 9 6 0 , 1 1 4 , 5 ( $ n o i t a g i l b o t i f e n e b d e n i f e d e h t f o e u l a v t n e s e r P 5 3 3 , 3 5 4 , 1 6 9 6 , 5 8 3 , 1 ) 4 7 1 , 7 6 1 , 4 ( ) 3 7 3 , 5 2 0 , 4 ( t n e r r u c n o n , s e i t i l i b a i l t i f e n e b d e n i f e d t e N s t e s s a n a l p f o e u l a v r i a F s u t a t s d e d n u F ) 4 7 1 , 7 6 1 , 4 ( $ ) 3 7 3 , 5 2 0 , 4 ( $ s t e e h s e c n a l a b d e t a d i l o s n o c e h t n o d e z i n g o c e r d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s t n e m e r u s a e m e R : ) s s o l ( e m o c n i d e n i f e d a s i . e k a m s e i r a i d i s b u s c i t s e m o d s t i d n a C M U , n a l p e h t o t t n a u s r u P . n a l p n o i t u b i r t n o c o t e g a w r o y r a l a s s ’ e e y o l p m e l a u d i v i d n i h c a e n o d e s a b % 6 f o s n o i t u b i r t n o c y l h t n o m h c n a r b e r o p a g n i S e h t f o s e e y o l p m e r o f s t i f e n e b n o i s n e P . s t n u o c c a n o i s n e p ’ s e e y o l p m e l a t o T . s n o i t a l u g e r l a c o l e h t h t i w e c n a d r o c c a n i d e d i v o r p e r a s a e s r e v o s e i r a i d i s b u s d n a e h t y b d e t u b i r t n o c e r a n o i l l i m 9 3 3 , 1 $ T N d n a n o i l l i m 9 6 3 , 1 $ T N f o s e s n e p x e n o i s n e p . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f y n a p m o C n a l p t i f e n e b d e n i f e D a s i . . . C O R e h t f o t c A s d r a d n a t S r o b a L e h t y b d e t a d n a m n a l p n o i s n e p e e y o l p m e e h T f o s t i n u e h t n o d e s a b d e s r u b s i d e r a s t i f e n e b n o i s n e p e h T . n a l p t i f e n e b d e n i f e d r o b a L e h t o t g n i d r o c c a t n e m e r i t e r o t r o i r p y r a l a s y l h t n o m e g a r e v a d n a s r a e y e c i v r e s s e c i v r e s f o s r a e y 5 1 t s r i f e h t r o f d e d r a w a e r a r a e y r e p s t i n u o w T . t c A s d r a d n a t S l a t o t e h t d n a r a e y h t 5 1 e h t f o n o i t e l p m o c e h t r e t f a d e d r a w a s i r a e y r e p t i n u e n o e l i h w o t t n e l a v i u q e t n u o m a n a s e t u b i r t n o c y n a p m o C e h T . s t i n u 5 4 d e e c x e t o n l l i w s t i n u d n u f n o i s n e p e h t o t s i s a b y l h t n o m a n o s e g a w d n a s e i r a l a s l a t o t ’ s e e y o l p m e e h t f o % 2 y r o s i v r e p u s d n u f n o i s n e p a f o e m a n e h t r e d n u n a w i a T f o k n a B e h t h t i w d e t i s o p e d d e t a n g i s e d s ’ t n e m n r e v o g e h t y b d e g a n a m s i d n u f n o i s n e p e h T . e e t t i m m o c l a i c n a n i f d e t a d i l o s n o c s ’ y n a p m o C e h t n i d e d u l c n i t o n s i e r o f e r e h t d n a s e i t i r o h t u a n o i s n e p l a t o t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F . s t n e m e t a t s e h t y b d e z i n g o c e r e r e w , y l e v i t c e p s e r , n o i l l i m 9 6 $ T N d n a n o i l l i m 9 5 $ T N f o s e s n e p x e . y n a p m o C n a l p f o e u l a v r i a f d n a n o i t a g i l b o t i f e n e b d e n i f e d f o e u l a v t n e s e r p n i s t n e m e v o M : r a e y e h t g n i r u d n o i t a g i l b o t i f e n e b d e n i f e d f o e u l a v t n e s e r p n i s t n e m e v o M : s w o l l o f s a e r a s t e s s a d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 ) 8 5 0 , 1 7 6 5 ( $ , ) 9 0 5 , 0 2 6 , 5 ( $ r a e y f o g n i n n i g e b t a n o i t a g i l b o t i f e n e b d e n i f e D : s s o l r o t i f o r p s a d e z i n g o c e r s m e t I . i . i i . C O R . e h t f o t c A n o i s n e P r o b a L e h t r e d n u n a l p n o i s n e p e e y o l p m e e h T n a l p n o i t u b i r t n o c d e n i f e D . a . b s t i f e n e B t n e m y o l p m E - t s o P ) 3 1 ( ) 7 7 4 , 4 2 ( ) 7 4 2 , 1 6 ( ) 4 2 7 , 5 8 ( ) 3 4 0 , 1 2 ( ) 6 4 1 , 1 5 ( ) 9 8 1 , 2 7 ( t s o c e c i v r e S t s o c t s e r e t n I l a t o t b u S 225 Financial Review e s a e r c n i y r a l a s e r u t u f f o e t a R e t a r t n u o c s i D % 5 . 0 % 5 . 0 % 5 . 0 % 5 . 0 e s a e r c e d e s a e r c n i e s a e r c e d e s a e r c n i 9 1 0 2 , 1 3 r e b m e c e D f o s A 8 8 3 , 5 0 2 $ ) 4 9 6 , 5 1 2 ( $ ) 1 3 1 , 1 5 2 ( $ 6 6 6 , 5 3 2 $ n o i t a g i l b o t i f e n e b d e n i f e d n i ) e s a e r c n i ( e s a e r c e D e s a e r c n i y r a l a s e r u t u f f o e t a R e t a r t n u o c s i D % 5 . 0 % 5 . 0 % 5 . 0 % 5 . 0 e s a e r c e d e s a e r c n i e s a e r c e d e s a e r c n i 8 1 0 2 , 1 3 r e b m e c e D f o s A 1 5 7 , 1 3 2 $ ) 0 2 1 , 4 4 2 ( $ ) 7 3 0 , 1 8 2 ( $ 9 0 9 , 2 6 2 $ n o i t a g i l b o t i f e n e b d e n i f e d n i ) e s a e r c n i ( e s a e r c e D t a h t d o h t e m a n o d e s a b d e n i m r e t e d n e e b e v a h e v o b a s e s y l a n a y t i v i t i s n e s e h T e l b a n o s a e r f o t l u s e r a s a n o i t a g i l b o t i f e n e b d e n i f e d t e n e h t n o t c a p m i e h t s e t a l o p a r t x e . d o i r e p g n i t r o p e r e h t f o d n e e h t t a g n i r r u c c o s n o i t p m u s s a y e k n i s e g n a h c , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 0 7 7 , 9 2 1 , 7 5 8 6 , 7 1 6 6 4 5 , 5 9 5 , 4 1 $ 4 0 9 , 0 8 4 , 7 1 $ ) 0 9 6 , 8 5 3 ( ) 8 8 8 , 4 8 4 ( ) 2 2 7 , 5 8 8 , 3 ( ) 8 4 1 , 2 6 0 , 4 ( 4 0 9 , 0 8 4 , 7 1 $ 3 5 5 , 1 5 5 , 3 1 $ 4 2 1 , 2 3 8 , 3 $ 9 7 5 , 0 8 7 , 3 $ 0 8 7 , 8 4 6 , 3 1 4 7 9 , 0 7 7 , 9 4 0 9 , 0 8 4 , 7 1 $ 3 5 5 , 1 5 5 , 3 1 $ s t n a r G t n e m n r e v o G d e r r e f e D ) 4 1 ( e m o c n i g n i t a r e p o r e h t O d o i r e p e h t g n i r u d g n i s i r A : s s o l r o t i f o r p n i d e d r o c e R e c n a l a b g n i n n i g e B t c e f f e e g n a h c x E e c n a l a b g n i d n E t n e r r u c n o N t n e r r u C l a t o T % 7 1 % 1 5 % 4 2 % 8 % 1 2 % 5 4 % 4 2 % 0 1 , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 : s w o l l o f s a e r a s t e s s a s t n e m u r t s n i y t i u q E s t n e m u r t s n i t b e D h s a C e e y o l p m E s r e h t O f o k n a B e h t y b d e r e t s i n i m d a t s u r t a r e d n u d e t i s o p e d s i d n u f n o i s n e p n o d e s a b d e n i m r e t e d s i s t e s s a n o n r u t e r f o e t a r d e t c e p x e l l a r e v o e h T . n a w i a T r e v o t e k r a m e h t n i s n r u t e r ’ s t e s s a e h t n o s n o i t a t c e p x e ’ s e i r a u t c a d n a d n e r t l a c i r o t s i h e h t y b d e n i m r e t e d s i d n u f e h t f o n o i t a z i l i t u e h t , e r o m r e h t r u F . d o i r e p n o i t a g i l b o e h t m u m i n i m e h t s e e t n a r a u g o s l a h c i h w , e e t t i m m o c y r o s i v r e p u s d n u f n o i s n e p r o b a l l a c o l y b d e r e f f o s e t a r t s e r e t n i m o r f e l b a n i a t t a s g n i n r a e e h t n a h t s s e l o n e b o t s g n i n r a e . s t i s o p e d e m i t r a e y - o w t r o f s k n a b : s w o l l o f s a e r a s n o i t p m u s s a l a i r a u t c a g n i y l r e d n u l a p i c n i r p e h T . v 8 6 4 , 0 3 2 $ 9 6 9 , 2 5 2 3 8 4 , 8 9 2 8 5 9 , 8 2 3 2 2 0 , 7 7 3 7 2 4 , 3 6 2 , 4 7 2 3 , 1 5 7 , 5 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 % 1 9 . 0 % 0 5 . 3 9 1 0 2 % 7 6 . 0 % 0 5 . 3 9 1 0 2 , 1 3 r e b m e c e D f o s A : s w o l l o f s a e r a s t n e m y a p t i f e n e b e r u t u f d e t c e p x E . i v e s a e r c n i y r a l a s e r u t u f f o e t a R e t a r t n u o c s i D r a e Y 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 r e t f a e r e h t d n a 5 2 0 2 l a t o T e h t y b d e v i e c e r s n o i t i s i u q c a t n e m p i u q e o t d e t a l e r s t n a r g t n e m n r e v o g t n a c i f i n g i s e h T . 0 2 0 2 n i n o i l l i m 3 9 $ T N f o n o i t u b i r t n o c d n u f n o i s n e p e k a m o t s t c e p x e y n a p m o C e h T d e d r o c e r d n a , t n e m p i u q e d e t a l e r f o s e v i l l u f e s u e h t r e v o e m o c n i s a d e z i t r o m a e r a y n a p m o C 0 1 d n a s r a e y 9 e r a n o i t a g i l b o t i f e n e b d e n i f e d e h t f o s n o i t a r u d e g a r e v a - d e t h g i e w e h T . s e s n e p x e d n a e m o c n i g n i t a r e p o r e h t o t e n e h t n i . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a s r a e y : s i s y l a n a y t i v i t i s n e S . i i v n a l p l a t o t e h t f o e u l a v r i a f e h t f o e g a t n e c r e p a s a s t e s s a n a l p f o s e i r o g e t a c r o j a m e h T . v i 226 United Microelectronics Corporation | Annual Report 2019 - - - d n a e s a h c r u p e r e h t r o f e s o p r u p e h T . t e k r a m e g n a h c x e s e i t i r u c e s d e z i l a r t n e c e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t g n i r u d k c o t s y r u s a e r t n i s e g n a h c e h t m o r f s e r a h s s t i d e s a h c r u p e r d n a m a r g o r p k c o t s y r u s a e r t a t u o d e i r r a c C M U . i f o s A , 1 3 r e b m e c e D 9 1 0 2 e s a e r c e D e s a e r c n I 0 0 0 , 0 0 2 - 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F ) s e r a h s f o s d n a s u o h t n I ( : s w o l l o f s a 0 0 0 , 0 0 2 9 1 0 2 f o s A , 1 y r a u n a J e s o p r u P s e e y o l p m e o t r e f s n a r t r o F 0 0 0 , 0 0 5 0 0 0 , 0 2 2 0 0 0 , 0 8 2 s ’ C M U n i a t n i a m o T s t i d n a t i d e r c ’ s r e d l o h k c o t s d n a s t h g i r s t s e r e t n i 0 0 0 , 0 0 7 0 0 0 , 0 2 2 0 0 0 , 0 8 4 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F ) s e r a h s f o s d n a s u o h t n I ( 0 0 0 , 0 8 4 0 0 0 , 0 0 4 0 0 0 , 0 8 4 0 0 0 , 0 0 4 f o s A , 1 3 r e b m e c e D 0 0 0 , 0 0 2 0 0 0 , 0 0 2 - 8 1 0 2 e s a e r c e D e s a e r c n I 0 0 0 , 0 0 4 8 1 0 2 f o s A , 1 y r a u n a J e s o p r u P s e e y o l p m e o t r e f s n a r t r o F 0 0 0 , 0 8 2 0 0 0 , 0 0 2 0 0 0 , 0 8 4 - s ’ C M U n i a t n i a m o T s t i d n a t i d e r c ’ s r e d l o h k c o t s d n a s t h g i r s t s e r e t n i e s a h c r u p l a t o t e h t d n a , k c o t s d e u s s i s ’ C M U f o % 0 1 d e e c x e t o n l l a h s k c o t s y r u s a e r t n i - d i a p l a n o i t i d d a , s g n i n r a e d e n i a t e r e h t f o m u s e h t d e e c x e t o n l l a h s t n u o m a f o r e b m u n e h t , h c u s s A . l a t i p a c n i - d i a p l a n o i t i d d a d e z i l a e r d n a s m u i m e r p - l a t i p a c t o n d i d , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h C M U t a h t k c o t s y r u s a e r t f o s e r a h s . t i m i l e h t d e e c x e f o s e r a h s l a t o t e h t , . . C O R . e h t f o w a L e g n a h c x E d n a s e i t i r u c e S e h t o t g n i d r o c c A . i i , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 6 7 4 , 3 1 2 , 1 $ 5 7 0 , 8 7 0 , 2 $ s e i t i l i b a i l d n u f e R : k c o t s l a t i p a C . a y t i u q E ) 6 1 ( e r e w s e r a h s n o i l l i m 4 2 4 , 2 1 d n a s e r a h s n o i l l i m 4 2 7 , 1 1 h c i h w f o , 8 1 0 2 d n a 9 1 0 2 f o e u l a v r a p a t a h c a e , y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a d e u s s i , 1 3 r e b m e c e D f o s a d e u s s i e b o t d e z i r o h t u a s e r a h s n o m m o c n o i l l i m 0 0 0 , 6 2 d a h C M U . i . 0 1 $ T N f o s a E S Y N e h t n o d e d a r t e r e w h c i h w , s S D A n o i l l i m 3 4 1 d n a n o i l l i m 8 3 1 d a h C M U f o s e r a h s n o m m o c f o r e b m u n l a t o t e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D s e r a h s n o i l l i m 7 1 7 d n a s e r a h s n o i l l i m 2 9 6 e r e w s S D A d e u s s i l l a y b d e t n e s e r p e r C M U n o m m o c e v i f s t n e s e r p e r S D A e n O . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a . s e r a h s e r e w h c i h w , k c o t s y r u s a e r t f o s e r a h s n o i l l i m 0 0 4 d e l l e c n a c C M U , 9 1 0 2 , 8 2 e n u J n O f o e s o p r u p e h t r o f 6 1 0 2 , 3 1 e n u J o t 3 1 y a M m o r f d o i r e p e h t g n i r u d d e s a h c r u p e r e n u J o t 6 2 l i r p A m o r f d o i r e p e h t g n i r u d d e s a h c r u p e r d n a , s e e y o l p m e o t g n i r r e f s n a r t s t h g i r ’ s r e d l o h k c o t s s t i d n a t i d e r c s ’ C M U g n i n i a t n i a m f o e s o p r u p e h t r o f 9 1 0 2 , 3 1 . s t s e r e t n i d n a h c i h w , k c o t s y r u s a e r t f o s e r a h s n o i l l i m 0 0 3 d e l l e c n a c C M U , 9 1 0 2 , 1 1 h c r a M n O r o f 9 1 0 2 , 4 y r a u n a J o t 8 1 0 2 , 7 r e b m e v o N m o r f d o i r e p e h t g n i r u d d e s a h c r u p e r e r e w . s t s e r e t n i d n a s t h g i r ’ s r e d l o h k c o t s s t i d n a t i d e r c s ’ C M U g n i n i a t n i a m f o e s o p r u p e h t h c i h w , k c o t s y r u s a e r t f o s e r a h s n o i l l i m 0 0 2 d e l l e c n a c C M U , 8 1 0 2 , 7 2 t s u g u A n O f o e s o p r u p e h t r o f 8 1 0 2 , 4 y a M o t 2 1 h c r a M m o r f d o i r e p e h t g n i r u d d e s a h c r u p e r e r e w . s t s e r e t n i d n a s t h g i r ’ s r e d l o h k c o t s s t i d n a t i d e r c s ’ C M U g n i n i a t n i a m d e r u c e s n u s a e s r e v o f o n o i s r e v n o c s ’ y n a p m o C e h t r o f ) 1 1 ( 6 e t o N o t r e f e r e s a e l P , 1 3 r e b m e c e D d e d n e r a e y e h t r o f C M U f o s e r a h s y r a n i d r o o t n i s d n o b e l b i t r e v n o c . i i . i i i . v i . v . i v . 9 1 0 2 227 : k c o t s y r u s a e r T . b ) s e i t i l i b a i l t n e r r u c r e h t o r e d n u d e i f i s s a l c ( s e i t i l i b a i L d n u f e R ) 5 1 ( Financial Review e h t y b d e v o r p p a s a w 9 1 0 2 r o f s g n i n r a e f o n o i t u b i r t s i d e h t e l i h w , 9 1 0 2 , 2 1 e n u J n o s a e r a n o i t u b i r t s i d f o s l i a t e d e h T . 0 2 0 2 , 6 2 y r a u r b e F n o g n i t e e m ’ s r o t c e r i D f o d r a o B e r a h s r e p d n e d i v i d h s a C s g n i n r a e f o n o i t a i r p o r p p A ) s r a l l o d T N ( ) s r a l l o d T N d n a s u o h t n i ( 8 1 0 2 9 1 0 2 8 1 0 2 9 1 0 2 9 9 2 , 7 0 7 $ 4 8 7 , 4 1 6 $ 0 4 9 , 3 1 5 , 4 1 ) 6 2 6 , 1 9 4 , 3 ( 8 5 . 0 $ 5 7 . 0 $ 5 0 1 , 6 1 9 , 6 5 5 1 , 5 6 7 , 9 e v r e s e r l a i c e p S s d n e d i v i d h s a C e v r e s e r l a g e L : s w o l l o f s a w g n i t e e m ’ s r e d l o h k c o t s y b d e v o r p p a n o i t u b i r t s i d 8 1 0 2 d e n o i t n e m e r o f a e h T . 9 1 0 2 , 6 h c r a M n o d l e h s r o t c e r i D f o d r a o B f o g n i t e e m f o s n o i t u l o s e r e h t h t i w t n e t s i s n o c e r a h s r e p 6 9 3 9 8 9 8 5 . 0 $ T N o t d e t s u j d a s a w 8 1 0 2 r o f e r a h s r e p d n e d i v i d h s a c e h T e h T . 9 1 0 2 , 9 1 e n u J n o g n i t e e m ’ s r o t c e r i D f o d r a o B e h t f o n o i t u l o s e r e h t o t g n i d r o c c a e r a h s e h t o t e u d s e r a h s n o m m o c g n i d n a t s t u o n i e s a e r c e d e h t r o f e d a m s a w t n e m t s u j d a . m a r g o r p e s a h c r u p e r d e v o r p p a n e e b t e y t o n s a h s g n i n r a e d e n i a t e r d e t a i r p o r p p a n u 9 1 0 2 f o n o i t a i r p o r p p a e h T e h t o t t n a v e l e r n o i t a m r o f n I . e t a d g n i t r o p e r e h t f o s a g n i t e e m s ’ r e d l o h k c o t s e h t y b n a c l a v o r p p a g n i t e e m ’ s r e d l o h k c o t s d n a s n o i t a d n e m m o c e r g n i t e e m ’ s r o t c e r i D f o d r a o B . E S W T e h t f o e t i s b e w e h t n o ” m e t s y S t s o P n o i t a v r e s b O t e k r a M “ e h t m o r f d e n i a t b o e b ’ s r o t c e r i d d n a s e e y o l p m e e h t n o n o i t a m r o f n i r o f ) 9 1 ( 6 e t o N o t r e f e r e s a e l P , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F 8 1 0 2 9 1 0 2 5 0 4 , 8 5 9 $ 8 6 7 , 6 6 4 $ ) 8 3 9 , 9 2 4 , 4 ( ) 7 4 8 , 8 7 5 , 3 ( ) 4 7 0 , 7 ( ) 4 9 8 , 3 0 1 ( ) 3 1 6 , 8 7 2 ( 2 8 8 , 7 2 3 , 4 8 6 7 , 6 6 4 $ - ) 3 1 2 , 5 1 ( 0 4 7 , 4 2 7 1 6 , 2 1 5 , 3 5 6 0 , 0 1 4 $ : s t s e r e t n i g n i l l o r t n o c - n o n o t e l b a t u b i r t t A 1 y r a u n a J f o s a e c n a l a b d e t s u j d A ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t O p i h s r e n w o ’ s e i r a i d i s b u s n i s e g n a h C y r a i d i s b u s a f o l a s o p s i D s s o l t e N e c n a l a b g n i d n E s r e h t O : s t s e r e t n i g n i l l o r t n o c - n o N . d . n o i t a s n e p m o c g n i t o v o t d e l t i t n e e b t i d l u o h s r o n , d e g d e l p e b t o n d l u o h s y n a p m o c t n e r a p e h t y b . k c o t s y r u s a e r t s a d e t a e r t s i s e i r a i d i s b u s y b d l e h k c o t S . s d n e d i v i d g n i v i e c e r r o s t h g i r n o i t p i r c s b u s r o f t p e c x e s r e d l o h k c o t s r e h t o s a s t h g i r e m a s e h t e v a h s e i r a i d i s b u s e s e h T . s t h g i r g n i t o v d n a e c n a u s s i k c o t s w e n o t s ’ C M U f o s e r a h s d l e h , . P R O C L A T I P A C E R U T N E V E N U T R O F , y r a i d i s b u s s ’ C M U . v i s e r a h s e s e h t d n a , 7 9 9 1 n i . C N I N O C I L I S D E T I N U f o s e r a h s g n i r i u q c a h g u o r h t k c o t s . r e g r e m 1 n i 5 s ’ y n a p m o C e h t f o t l u s e r a s a 0 0 0 2 n i k c o t s s ’ C M U o t d e t r e v n o c e r e w E R U T N E V E N U T R O F , y r a i d i s b u s s ’ C M U , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A n o e c i r p g n i s o l c e h T . k c o t s s ’ C M U f o s e r a h s n o i l l i m 6 1 d l e h , . P R O C L A T I P A C . y l e v i t c e p s e r , 5 2 . 1 1 $ T N d n a 5 4 . 6 1 $ T N e r e w , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D e b l l a h s , y n a f i , s g n i n r a e s ’ r a e y t n e r r u c , n o i t a r o p r o c n I f o s e l c i t r A s ’ C M U o t g n i d r o c c A : s e i c i l o p d n e d i v i d d n a s g n i n r a e d e n i a t e R . c s a h e v r e s e r l a g e l d e t a l u m u c c a n e h w r o f t p e c x e , e v r e s e r l a g e l r o f % 0 1 e d i s a g n i t t e S . i i i r e h t o r o s l a i c i f f o t n e m n r e v o g y b e v r e s e r l a i c e p s g n i s r e v e r r o g n i t a i r p o r p p A . v i . l a t i p a c n i - d i a p s ’ C M U d e h c a e r . s n o i t a l u g e r o t g n i d r o c c a s r o t c e r i D f o d r a o B e h t y b d e s o p o r p n a l p n o i t u b i r t s i d e h t o t g n i d r o c c a d e t u b i r t s i d e b l l a h s , s g n i n r a e d e t a i r p o r p p a n u s ’ r a e y s u o i v e r p e h t s u l p , g n i n i a m e r e h T . v . l a v o r p p a r o f g n i t e e m ’ s r e d l o h k c o t s e h t o t d e t t i m b u s d n a y c i l o p d n e d i v i d e h t e t a r e p o o t s e u n i t n o c d n a y r t s u d n i e v i s n e t n i l a t i p a c a n i s s e n i s u b s t c u d n o c C M U e s u a c e B s r o t c a f o t t n a u s r u p d e n i m r e t e d e b l l a h s C M U f o y c i l o p d n e d i v i d e h t , e s a h p h t w o r g s t i n i s a e s r e v o d n a c i t s e m o d , s t n e m e r i u q e r g n i d n u f s t i , t n e m n o r i v n e t n e m t s e v n i e h t s a h c u s ’ s r e d l o h k c o t s s a l l e w s a , t s a c e r o f e r u t i d n e p x e l a t i p a c s t i d n a e p a c s d n a l e v i t i t e p m o c f o d r a o B e h T . g n i n n a l p l a i c n a n i f m r e t - g n o l s ’ C M U d n a s d n e d i v i d g n i c n a l a b , t s e r e t n i g n i t e e m ’ s r e d l o h k c o t s e h t o t t i t i m b u s d n a n a l p n o i t u b i r t s i d e h t e s o p o r p l l a h s s r o t c e r i D h s a c s a d e t a c o l l a e b l l a h s d n e d i v i d ’ s r e d l o h k c o t s f o n o i t u b i r t s i d e h T . r a e y y r e v e . % 0 8 o t % 0 f o e g n a r e h t n i d n e d i v i d k c o t s d n a , % 0 0 1 o t % 0 2 f o e g n a r e h t n i d n e d i v i d l a i c e p s a e t a i r p o r p p a o t d e r i u q e r s i C M U , C S F n a w i a T f o s n o i t a l u g e r e h t o t g n i d r o c c A s a h c u s , y t i u q e r e d n u s t n e m e l e t i b e d f o m u s e h t o t l a u q e t n u o m a e h t n i e v r e s e r n o s e c n e r e f f i d e g n a h c x e f o e c n a l a b t i b e d d n a s t n e m u r t s n i l a i c n a n i f n o s s o l d e z i l a e r n u d e t i b i h o r p s i e v r e s e r l a i c e p s h c u S . d n e - r a e y y r e v e t a , s n o i t a r e p o n g i e r o f f o n o i t a l s n a r t l a i c e p s e h t , d e s r e v e r s i s t n e m e l e t i b e d e h t f o y n a f i , r e v e w o H . n o i t u b i r t s i d m o r f r o n o i t u b i r t s i d s g n i n r a e r o f d e s a e l e r e b y a m l a s r e v e r e h t o t l a u q e t n u o m a e h t n i e v r e s e r . s t i c i f e d d e t a l u m u c c a g n i t t e s f f o . s r a e y g n i d e c e r p r o f s s o l p u g n i k a M . i i : r e d r o g n i w o l l o f e h t n i d e t u b i r t s i d . s e x a t f o t n e m y a P . i d l e h g n i t e e m ’ s r e d l o h k c o t s e h t y b d e v o r p p a s a w 8 1 0 2 r o f s g n i n r a e f o n o i t u b i r t s i d e h T d l e h k c o t s y r u s a e r t , . . . C O R e h t f o w a L e g n a h c x E d n a s e i t i r u c e S h t i w e c n a i l p m o c n I . i i i 228 United Microelectronics Corporation | Annual Report 2019 d e t a d i l o s n o C n o i t a n i m i l E l a t o t b u S s s e n i s u B n o i t a c i r b a F 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F t n e m t s u j d A d n a w e N r e f a W 1 7 5 , 2 5 2 , 1 5 1 $ ) 0 9 2 , 9 1 ( $ 1 6 8 , 1 7 2 , 1 5 1 $ 9 2 9 , 7 4 2 $ 2 3 9 , 3 2 0 , 1 5 1 $ h t i w s t c a r t n o c s r e m o t s u c m o r f e u n e v e R : n o i t i n g o c e r e u n e v e r f o g n i m i t e h T d n a y t i v i t c u d o r p r i e h t r o f s e e y o l p m e e h t d r a w e r d n a s t n e l a t n i a t e r , t c a r t t a o t r e d r o n I f o s e r a h s n o i l l i m 0 0 2 r e f f o o t n a l p n o i t a s n e p m o c a t u o d e i r r a c y n a p m o C e h t , y t l a y o l d e s a b - d e r a h s e h t r o f t s o c n o i t a s n e p m o c e h T . 8 1 0 2 t s u g u A n i s e e y o l p m e o t k c o t s y r u s a e r t n e e w t e b e c n e r e f f i d e h t e s n e p x e n i d e z i n g o c e r g n i v a h , e u l a v r i a f t a d e r u s a e m s a w t n e m y a p m o r f d e v i e c e r h s a c e h t d n a e t a d t n a r g e h t t a s e r a h s e h t f o e c i r p t e k r a m d e t o u q g n i s o l c e h t t n e m y a P d e s a B - e r a h S ) 7 1 ( 9 8 9 , 5 7 4 , 6 4 1 $ ) 0 9 2 , 9 1 ( $ 9 7 2 , 5 9 4 , 6 4 1 $ 9 2 9 , 7 4 2 $ 0 5 3 , 7 4 2 , 6 4 1 $ n i t n i o p a t A e t a d t n a r g e h t n o s e r a h s s ’ y n a p m o C e h t f o e c i r p t e k r a m d e t o u q g n i s o l c e h T . s e e y o l p m e 2 8 5 , 6 7 7 , 4 - 2 8 5 , 6 7 7 , 4 - 2 8 5 , 6 7 7 , 4 1 7 5 , 2 5 2 , 1 5 1 $ ) 0 9 2 , 9 1 ( $ 1 6 8 , 1 7 2 , 1 5 1 $ 9 2 9 , 7 4 2 $ 2 3 9 , 3 2 0 , 1 5 1 $ e m i t r e v O e m i t l a t o T y h p a r g o e g y B . i i l a t o T s r e h t O e p o r u E A S U n a p a J ) g n o K g n o H e r o p a g n i S n a w i a T 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F a n i h C s e d u l c n i ( 1 4 6 , 1 0 2 , 8 4 1 $ 9 4 9 , 6 2 4 , 4 1 $ 9 3 3 , 0 0 9 , 6 $ 5 1 6 , 7 5 9 , 9 1 $ 2 7 7 , 5 5 8 , 9 $ 8 8 1 , 5 1 1 , 9 1 $ 3 4 3 , 9 7 9 , 3 2 $ 5 3 4 , 6 6 9 , 3 5 $ s r e m o t s u c 5 3 0 , 7 5 0 , 7 4 1 $ 0 4 7 , 7 1 4 , 4 1 $ 2 1 8 , 8 3 1 , 6 $ 6 8 2 , 6 4 9 , 9 1 $ 6 8 1 , 4 8 6 , 9 $ 8 4 8 , 7 8 9 , 8 1 $ 6 8 7 , 6 7 9 , 3 2 $ 7 7 3 , 5 0 9 , 3 5 $ e m i t 6 0 6 , 4 4 1 , 1 9 0 2 , 9 7 2 5 , 1 6 7 9 2 3 , 1 1 6 8 5 , 1 7 1 0 4 3 , 7 2 1 7 5 5 , 2 8 5 0 , 1 6 e m i t r e v O 1 4 6 , 1 0 2 , 8 4 1 $ 9 4 9 , 6 2 4 , 4 1 $ 9 3 3 , 0 0 9 , 6 $ 5 1 6 , 7 5 9 , 9 1 $ 2 7 7 , 5 5 8 , 9 $ 8 8 1 , 5 1 1 , 9 1 $ 3 4 3 , 9 7 9 , 3 2 $ 5 3 4 , 6 6 9 , 3 5 $ l a t o T : n o i t i n g o c e r e u n e v e r f o g n i m i t e h T n i t n i o p a t A h t i w s t c a r t n o c m o r f e u n e v e R y n a p m o C e h t , t n a r g f o e t a d e h t n o d e t s e v s k c o t s e h t r o F . e r a h s r e p 5 9 . 6 1 $ T N s a w h t i w s k c o t s e h t r o f s a e r e h w , e t a d t n a r g e h t n o t s o c n o i t a s n e p m o c e r i t n e e h t d e z i n g o c e r , t n a r g f o e t a d e h t m o r f s r a e y - o w t r o e n o f o d n e e h t t a t s e v o t s n o i t i d n o c e c i v r e s e t i s i u q e r n i d o i r e p e h t r e v o s i s a b e n i l - t h g i a r t s a n o t s o c n o i t a s n e p m o c e h t s e z i n g o c e r y n a p m o C e h t n i e s a e r c n i g n i d n o p s e r r o c a h t i w r e h t e g o t , d e l l i f l u f e r a s n o i t i d n o c s e c i v r e s e h t h c i h w n o i t a s n e p m o c l a t o t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f , h c u s s A . y t i u q e e h t y b d e z i n g o c e r e r e w , y l e v i t c e p s e r , n o i l l i m 6 9 6 $ T N d n a n o i l l i m 6 6 3 $ T N f o t s o c e u n e v e r f o n o i t a g e r g g a s i D . a s t n e m g e s g n i t a r e p o y B . i s e u n e v e R g n i t a r e p O ) 8 1 ( . y n a p m o C l a t o T s r e h t O e p o r u E A S U n a p a J ) g n o K g n o H e r o p a g n i S n a w i a T d e t a d i l o s n o C n o i t a n i m i l E l a t o t b u S s s e n i s u B n o i t a c i r b a F 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F a n i h C s e d u l c n i ( 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F t n e m t s u j d A d n a w e N r e f a W e h t n o d e s a b s a w s e u n e v e r g n i t a r e p o s ’ y n a p m o C e h t f o n w o d k a e r b c i h p a r g o e g e h T . s r e m o t s u c s ’ y n a p m o C e h t f o n o i t a c o l 1 7 5 , 2 5 2 , 1 5 1 $ 1 0 5 , 5 5 8 , 0 1 $ 4 9 8 , 7 2 5 , 2 1 $ 5 0 1 , 5 5 5 , 3 2 $ 3 1 3 , 6 9 8 , 5 $ 1 8 8 , 4 0 5 , 8 1 $ 6 9 1 , 0 2 8 , 4 2 $ 1 8 6 , 2 9 0 , 5 5 $ s r e m o t s u c 9 8 9 , 5 7 4 , 6 4 1 $ 3 5 5 , 3 5 8 , 0 1 $ 2 5 0 , 1 5 5 , 1 1 $ 6 5 7 , 6 3 5 , 3 2 $ 7 7 2 , 9 8 8 , 5 $ 2 7 6 , 9 8 8 , 4 1 $ 8 0 9 , 1 9 7 , 4 2 $ 1 7 7 , 3 6 9 , 4 5 $ e m i t 2 8 5 , 6 7 7 , 4 8 4 9 , 1 2 4 8 , 6 7 9 9 4 3 , 8 1 6 3 0 , 7 9 0 2 , 5 1 6 , 3 8 8 2 , 8 2 0 1 9 , 8 2 1 e m i t r e v O 1 7 5 , 2 5 2 , 1 5 1 $ 1 0 5 , 5 5 8 , 0 1 $ 4 9 8 , 7 2 5 , 2 1 $ 5 0 1 , 5 5 5 , 3 2 $ 3 1 3 , 6 9 8 , 5 $ 1 8 8 , 4 0 5 , 8 1 $ 6 9 1 , 0 2 8 , 4 2 $ 1 8 6 , 2 9 0 , 5 5 $ l a t o T : n o i t i n g o c e r e u n e v e r f o g n i m i t e h T n i t n i o p a t A h t i w s t c a r t n o c m o r f e u n e v e R 1 4 6 , 1 0 2 , 8 4 1 $ - $ 1 4 6 , 1 0 2 , 8 4 1 $ 5 3 3 , 8 7 $ 6 0 3 , 3 2 1 , 8 4 1 $ s r e m o t s u c 7 0 6 , 4 4 1 , 1 4 3 0 , 7 5 0 , 7 4 1 $ 1 4 6 , 1 0 2 , 8 4 1 $ - $ - - $ 4 3 0 , 7 5 0 , 7 4 1 $ 5 3 3 , 8 7 $ 9 9 6 , 8 7 9 , 6 4 1 $ e m i t 7 0 6 , 4 4 1 , 1 - 7 0 6 , 4 4 1 , 1 e m i t r e v O 1 4 6 , 1 0 2 , 8 4 1 $ 5 3 3 , 8 7 $ 6 0 3 , 3 2 1 , 8 4 1 $ l a t o T : n o i t i n g o c e r e u n e v e r f o g n i m i t e h T n i t n i o p a t A h t i w s t c a r t n o c m o r f e u n e v e R 229 Financial Review n i , y l e v i t c e p s e r , n o i l l i m 5 1 8 , 3 $ T N d n a n o i l l i m 6 1 6 $ T N d e z i n g o c e r y n a p m o C e h T s a d o i r e p e h t f o g n i n n i g e b e h t t a e c n a l a b s e i t i l i b a i l t c a r t n o c e h t m o r f s e u n e v e r d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f d e i f s i t a s e r e w s n o i t a g i l b o e c n a m r o f r e p . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 8 4 1 , 3 $ T N d n a n o i l l i m 7 8 9 , 2 $ T N o t d e t n u o m a s t i s e i f s i t a s y n a p m o C e h t s a e u n e v e r e z i n g o c e r l l i w y n a p m o C e h T . y l e v i t c e p s e r , 8 1 0 2 a f o n o i t e l p m o c d r a w o t s s e r g o r p h t i w s n g i l a t a h t e m i t r e v o s n o i t a g i l b o e c n a m r o f r e p d e t a m i t s e y l b a i l e r e b t o n n a c s s e r g o r p e h t , e t a d t r o p e r e h t f o s A . e r u t u f e h t n i t c a r t n o c e h t f o e t a m i t s e e h T . ) 6 ( 9 e t o N n i d e s o l c s i d s a n o i s n e p s u s e h t o t e u d y l i r a m i r p t a h t n o i t a r e d i s n o c e l b a i r a v f o s t n u o m a d e t a m i t s e y n a e d u l c n i t o n s e o d e c i r p n o i t c a s n a r t s n o i t a g i l b o e c n a m r o f r e p d e i f s i t a s n u o t d e t a c o l l a e c i r p n o i t c a s n a r t s ’ y n a p m o C e h T . c . d e n i a r t s n o c e r a l l i f l u f o t s t s o c d e z i n g o c e r y n a p m o C e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A h c i h w s t e s s a t n e r r u c r e h t o s a n o i t a z i l a t i p a c r o f e l b i g i l e s t c a r t n o c e c i v r e s g n i r e e n i g n e e h t , y l t n e u q e s b u S . y l e v i t c e p s e r , n o i l l i m 7 6 5 $ T N d n a n o i l l i m 0 6 5 $ T N o t d e t n u o m a e h t n e h w s t s o c g n i t a r e p o o t t c a r t n o c a l l i f l u f o t s t s o c m o r f e s n e p x e l l i w y n a p m o C r e m o t s u c h t i w t c a r t n o c a l l i f l u f o t s t s o c m o r f d e z i n g o c e r t e s s A . d . d e i f s i t a s e r a s n o i t a g i l b o d e t a l e r s e s n e p x E d n a s t s o C g n i t a r e p O ) 9 1 ( d e z i r a m m u s e r a s e s n e p x e n o i t a z i t r o m a d n a n o i t a i c e r p e d , t i f e n e b e e y o l p m e , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F 8 1 0 2 9 1 0 2 l a t o T s e s n e p x e s t s o c l a t o T s e s n e p x e s t s o c g n i t a r e p O g n i t a r e p O g n i t a r e p O g n i t a r e p O 8 3 2 , 4 7 4 , 5 2 $ 3 6 0 , 0 8 7 , 7 $ 5 7 1 , 4 9 6 , 7 1 $ 4 2 2 , 2 2 8 , 4 2 $ 2 9 7 , 2 1 7 , 7 $ 2 3 4 , 9 0 1 , 7 1 $ s ’ y n a p m o C e h T : s w o l l o f s a t i f e n e b e e y o l p m E s e s n e p x e s e i r a l a S 7 2 2 , 9 5 2 , 1 6 5 5 , 6 7 3 1 7 6 , 2 8 8 8 0 6 , 6 0 3 , 1 1 7 5 , 5 9 3 7 3 0 , 1 1 9 h t l a e h d n a r o b a L e c n a r u s n i 1 4 7 , 7 0 4 , 1 5 6 5 , 2 4 3 6 7 1 , 5 6 0 , 1 8 5 1 , 8 2 4 , 1 1 8 2 , 1 6 3 7 7 8 , 6 6 0 , 1 n o i s n e P 9 2 1 , 1 0 4 4 3 7 , 1 1 1 5 9 3 , 9 8 2 9 8 9 , 7 2 4 1 3 6 , 4 2 1 8 5 3 , 3 0 3 e e y o l p m e r e h t O 0 3 1 , 0 0 1 , 2 3 6 1 , 9 1 2 , 1 7 6 9 , 0 8 8 4 5 6 , 6 1 2 , 2 0 4 4 , 8 6 3 , 1 4 1 2 , 8 4 8 7 0 3 , 6 7 7 , 9 4 4 1 3 , 9 8 6 , 2 3 9 9 , 6 8 0 , 7 4 7 2 6 , 0 1 9 , 6 4 4 5 9 , 1 4 8 , 1 3 7 6 , 8 6 0 , 5 4 s e s n e p x e t i f e n e b n o i t a i c e r p e D n o i t a z i t r o m A d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 7 6 2 , 2 0 7 , 8 2 2 6 , 6 7 5 , 5 4 0 3 , 0 5 5 , 2 4 1 $ 9 1 0 , , 5 2 6 2 4 1 $ 1 7 5 , 2 5 2 , 1 5 1 $ 1 4 6 , , 1 0 2 8 4 1 $ f o s A - 2 4 0 , 9 2 1 $ 8 1 0 2 2 4 0 , 9 2 1 $ ) 4 7 9 , 3 9 3 ( 4 8 1 , 6 8 4 $ 0 1 2 , 2 9 $ 8 1 0 2 1 9 4 , 9 9 5 $ ) 8 4 2 , 5 8 3 ( 3 4 2 , 4 1 2 $ 9 1 0 2 , 1 y r a u n a J , 1 3 r e b m e c e D , 1 3 r e b m e c e D t n e r r u c , s t e s s a t c a r t n o C . i s e c n a l a b t c a r t n o C . b r e f a W s r e h t O l a t o T s e c i v r e s d n a s d o o g f o s e l a S e c n a w o l l a s s o L : s s e L t c u d o r P y B . i i i 230 t e N e h T o t l a u q e t n u o m a n a t a y l i r a m i r p y n a p m o C e h t y b d e s s e s s a s a w e c n a w o l l a s s o l e h t m o r f d e t l u s e r y l n i a m s a w e c n a w o l l a s s o l e h T . s e s s o l t i d e r c d e t c e p x e e m i t e f i l C M U t s n i a g a ) J O D ( e c i t s u J f o t n e m t r a p e D s e t a t S d e t i n U e h t y b d e l i f t n e m t c i d n i . ) 6 ( 9 e t o N o t r e f e r e s a e l P . t n e m e e r g a t n e m p o l e v e d y g o l o n h c e t t n i o j e h t o t d e t a l e r s e i t i l i b a i l t c a r t n o C . i i f o s A 8 1 0 2 8 1 0 2 9 1 0 2 , 1 y r a u n a J , 1 3 r e b m e c e D , 1 3 r e b m e c e D 4 1 4 , 1 5 9 3 $ , 1 7 3 , 2 3 9 $ 5 9 1 , 0 7 4 , 1 $ s e c i v r e s d n a s d o o g f o s e l a S - - 4 1 4 , 1 5 9 3 $ , 1 7 3 , 2 3 9 $ 5 1 1 , 8 8 9 $ 0 8 0 , 2 8 4 4 1 4 , 1 5 9 3 $ , 1 7 3 , 2 3 9 $ 5 9 1 , 0 7 4 , 1 $ t n e r r u c n o N t n e r r u C l a t o T e h t f o e c n e r e f f i d g n i m i t e h t y b d e s u a c y l n i a m s i s e i t i l i b a i l t c a r t n o c f o t n e m e v o m e h T m o r f d e v i e c e r n o i t a r e d i s n o c e h t d n a n o i t a g i l b o f o e c n a m r o f r e p a f o n o i t c a f s i t a s . s r e m o t s u c United Microelectronics Corporation | Annual Report 2019 d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 3 4 7 , 6 3 1 5 0 5 , 9 9 1 $ 6 4 7 , 0 2 2 , 5 8 1 0 2 - - ) 0 1 1 , 0 4 4 ( 6 3 0 , 3 4 1 5 3 , 0 0 2 $ 7 0 9 , 6 6 3 , 5 9 1 0 2 ) 8 9 3 , 7 ( ) 4 7 9 , 4 8 ( ) 0 6 7 , 5 3 3 ( 4 8 8 , 6 1 1 , 5 $ 2 6 1 , 2 8 1 , 5 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 t n e m p i u q e d n a t n a l p , y t r e p o r p f o l a s o p s i d n o n i a G y t r e p o r p m o r f e m o c n i l a t n e R t n e m p i u q e d n a t n a l p , y t r e p o r P s t n a r g t n e m n r e v o G s s o l t n e m r i a p m I s e s n e p x E d n a e m o c n I g n i t a r e p O - n o N ) 1 2 ( s e s s o l d n a s n i a g r e h t O . a l l i w d o o G s r e h t O l a t o T e r o m o n d n a n o i t a s n e p m o c ’ s e e y o l p m e s a t i f o r p f o % 5 n a h t s s e l o n e t a c o l l a l l a h s C M U r e t f a r a e y l a c s i f e l b a t i f o r p h c a e r o f n o i t a s n e p m o c ’ s r o t c e r i d s a t i f o r p f o % 1 . 0 n a h t e b l l i w n o i t a s n e p m o c ’ s e e y o l p m e d e n o i t n e m e r o f a e h T . s e s s o l e v i t a l u m u c y n a g n i t t e s f f o c i f i c e p s l l i f l u f o h w s e i r a i d i s b u s s ’ C M U f o s e e y o l p m e e h T . h s a c r o s e r a h s n i d e t u b i r t s i d . n o i t a s n e p m o c h c u s d e t n a r g e b y a m s r o t c e r i D f o d r a o B e h t y b d e t a l u p i t s s t n e m e r i u q e r y b d e t p o d a n o i t u l o s e r a y b , y a m C M U . h s a c n i n o i t a s n e p m o c e v i e c e r y l n o y a m s r o t c e r i D l a t o t e h t f o s d r i h t - o w t y b d e d n e t t a s r o t c e r i D f o d r a o B e h t f o g n i t e e m a t a e t o v y t i r o j a m a n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e d e n o i t n e m e r o f a e h t e t u b i r t s i d , s r o t c e r i d f o r e b m u n . n o i t u b i r t s i d h c u s r o f g n i t e e m ’ s r e d l o h k c o t s e h t o t t r o p e r d n a : r e d r o g n i w o l l o f e h t n i d e t u b i r t s i d e b l l a h s s s o l r o t i f o r p e h t n i n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e e h t s e z i n g o c e r y n a p m o C e h T e h T . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f d e n r a e n e h w s d o i r e p e h t g n i r u d f o s e l c i t r A e h t n o i t a r e d i s n o c o t n i g n i k a t y b t n u o m a e h t s e t a m i t s e s r o t c e r i D f o d r a o B s r o t c e r i D f o d r a o B e h t f I . s e g a r e v a y r t s u d n i d n a s n o i t a l u g e r t n e m n r e v o g , n o i t a r o p r o c n I k c o t s f o r e b m u n e h t , k c o t s h g u o r h t n o i t a s n e p m o c e e y o l p m e e t u b i r t s i d o t s e v l o s e r ) 5 3 7 , 7 6 1 , 1 ( $ 1 3 9 , 9 7 2 , 1 $ d n a s t e s s a l a i c n a n i f f o n o i t a u l a v n o ) s s o l ( n i a G e c i r p g n i s o l c e h t y b d e d i v i d n o i t a s n e p m o c e e y o l p m e l a t o t n o d e s a b d e t a l u c l a c s i d e t u b i r t s i d s e s n e p x E d n a e m o c n I g n i t a r e p O r e h t O t e N ) 0 2 ( n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e e h t , n o i t a r o p r o c n I f o s e l c i t r A s ’ C M U o t g n i d r o c c A ) 5 2 2 , 6 4 ( ) 6 8 2 , 9 1 ( 6 5 9 , 4 0 1 ) 2 6 7 , 5 2 ( ) 3 9 2 , 6 1 ( 3 2 4 , 9 1 ) 0 9 2 , 8 2 1 , 1 ( $ 9 9 2 , 7 5 2 , 1 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 3 6 6 , 0 1 7 $ 4 4 5 , 2 8 7 , 1 - 3 5 5 , 2 8 5 6 4 , 5 7 2 2 0 9 , 2 7 6 $ 3 3 6 , 8 0 8 , 1 2 1 1 , 8 7 1 8 6 1 , 4 7 2 8 2 8 , 3 6 5 2 2 , 1 5 8 , 2 $ 3 4 6 , 7 9 9 , 2 $ d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n I s t n e m t s e v n i f o l a s o p s i d n o s s o L s t s o c e c n a n i F . b s r e h t O l a t o T ) e t o N ( s e i t i l i b a i l e s a e L s e s n e p x e l a i c n a n i F s r e h t O e l b a y a p s d n o B s e s n e p x e t s e r e t n I s n a o l k n a B s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s e i t i l i b a i l s s o l t n e m r i a p m I l a t o T : e t o N t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T . 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r o t y l t n e u q e s b u s s r o t c e r i D f o d r a o B e h t f I . g n i t e e m s r o t c e r i D f o d r a o B e h t e r o f e b y a d e h t f o n a s a e g n a h c e h t e z i n g o c e r l l i w y n a p m o C e h t , y l t n a c i f i n g i s s e t a m i t s e e h t s e i f i d o m . d o i r e p t n e u q e s b u s e h t n i s s o l r o t i f o r p e h t n i t n e m t s u j d a e h t o t d e t r o p e r e r e w 8 1 0 2 r o f n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e f o s n o i t u b i r t s i d e h T d n a s e e y o l p m e f o s n o i t u b i r t s i d e h t e l i h w , 9 1 0 2 , 2 1 e n u J n o g n i t e e m ’ s r e d l o h k c o t s g n i t e e m s r o t c e r i D f o d r a o B e h t h g u o r h t d e v o r p p a e r e w 9 1 0 2 r o f n o i t a s n e p m o c ’ s r o t c e r i d : s w o l l o f s a e r a n o i t u b i r t s i d f o s l i a t e d e h T . 0 2 0 2 , 6 2 y r a u r b e F n o 4 2 6 , 7 9 5 2 , 0 1 5 3 8 , 0 0 4 , 1 $ 2 5 9 , 2 3 1 1 $ , 8 1 0 2 9 1 0 2 h s a C – n o i t a s n e p m o c ’ s e e y o l p m E n o i t a s n e p m o c ’ s r o t c e r i D e h t g n i r u d d e t r o p e r 8 1 0 2 r o f n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e d e n o i t n e m e r o f a e h T s r o t c e r i D f o d r a o B e h t f o s n o i t u l o s e r e h t h t i w t n e t s i s n o c e r e w g n i t e e m ’ s r e d l o h k c o t s . 9 1 0 2 , 6 h c r a M n o d l e h g n i t e e m e b n a c n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e d e n o i t n e m e r o f a e h t o t t n a v e l e r n o i t a m r o f n I . E S W T e h t f o e t i s b e w e h t n o ” m e t s y S t s o P n o i t a v r e s b O t e k r a M “ e h t m o r f d e n i a t b o 231 Financial Review ) 3 1 4 , 2 2 ( $ 7 4 6 , 2 3 $ ) 0 6 0 , 5 5 ( $ - $ ) 0 6 0 , 5 5 ( $ d e n i f e d f o s t n e m e r u s a e m e R 4 4 5 , 8 9 4 , 1 6 2 5 , 4 4 8 1 0 , 4 5 4 , 1 - 8 1 0 , 4 5 4 , 1 m o r f s e s s o l r o s n i a g d e z i l a e r n U s n a l p n o i s n e p t i f e n e b r e h t O r e h t O e v i s n e h e r p m o c e v i s n e h e r p m o c n o i t a c i f i s s a l c e R 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F , ) s s o l ( e m o c n i x a t e m o c n I , ) s s o l ( e m o c n i s t n e m t s u j d a g n i r u d g n i s i r A x a t f o t e n t c e f f e x a t e r o f e b d o i r e p e h t g n i r u d d o i r e p e h t d e i f i s s a l c e r e b t o n l l i w t a h t s m e t I : s s o l r o t i f o r p o t y l t n e u q e s b u s , ) s s o l ( e m o c n i x a t e m o c n I , ) s s o l ( e m o c n i s t n e m t s u j d a g n i r u d g n i s i r A x a t f o t e n t c e f f e x a t e r o f e b d o i r e p e h t g n i r u d d o i r e p e h t r e h t O r e h t O e v i s n e h e r p m o c e v i s n e h e r p m o c n o i t a c i f i s s a l c e R 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F ) s s o L ( e m o c n I e v i s n e h e r p m o C r e h t O f o s t n e n o p m o C ) 2 2 ( 232 ) 8 5 0 , 2 ( 4 1 5 ) 2 7 5 , 2 ( ) 2 4 4 , 0 4 4 ( 7 9 6 , 4 3 ) 9 3 1 , 5 7 4 ( - - ) 2 7 5 , 2 ( g n i g d e h n o s e s s o l r o s n i a G e b t o n l l i w h c i h w s t n e m u r t s n i o t y l t n e u q e s b u s d e i f i s s a l c e r r i a f t a d e r u s a e m s t n e m t s e v n i s t n e m u r t s n i y t i u q e e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v ) 9 3 1 , 5 7 4 ( e v i s n e h e r p m o c r e h t o f o e r a h S l l i w h c i h w s e r u t n e v t n i o j d n a s e t a i c o s s a f o ) s s o l ( e m o c n i d e i f i s s a l c e r e b t o n s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b y a m t a h t s m e t I : s s o l r o t i f o r p o t y l t n e u q e s b u s s s o l r o t i f o r p 2 2 7 , 1 3 2 , 1 - 2 2 7 , 1 3 2 , 1 - 2 2 7 , 1 3 2 , 1 e v i s n e h e r p m o c r e h t o f o e r a h S 2 2 1 , 5 8 $ ) 1 8 2 , 1 2 ( $ 3 0 4 , 6 0 1 $ - $ 3 0 4 , 6 0 1 $ d e n i f e d f o s t n e m e r u s a e m e R 0 3 2 , 9 4 3 , 5 ) 9 7 9 , 6 3 1 ( 9 0 2 , 6 8 4 , 5 - 9 0 2 , 6 8 4 , 5 s e s s o l r o s n i a g d e z i l a e r n U s n a l p n o i s n e p t i f e n e b d e i f i s s a l c e r e b t o n l l i w t a h t s m e t I : s s o l r o t i f o r p o t y l t n e u q e s b u s r i a f t a d e r u s a e m s t n e m t s e v n i s t n e m u r t s n i y t i u q e m o r f e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v ) 6 3 5 , 4 6 2 , 3 ( 2 0 4 , 3 1 ) 8 3 9 , 7 7 2 , 3 ( 5 8 0 , 4 1 ) 3 2 0 , 2 9 2 , 3 ( n o s e c n e r e f f i d e g n a h c x E n g i e r o f f o n o i t a l s n a r t s n o i t a r e p o l l i w h c i h w s e r u t n e v t n i o j d n a s e t a i c o s s a f o ) s s o l ( e m o c n i s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n : s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b y a m t a h t s m e t I ) 3 9 8 , 5 6 ( ) 4 8 8 , 8 1 ( ) 9 0 0 , 7 4 ( 8 0 4 ) 7 1 4 , 7 4 ( n o s e c n e r e f f i d e g n a h c x E n g i e r o f f o n o i t a l s n a r t s n o i t a r e p o ) 4 9 7 , 7 1 ( 8 4 1 , 6 ) 2 4 9 , 3 2 ( ) 7 9 8 , 2 1 ( ) 5 4 0 , 1 1 ( e v i s n e h e r p m o c r e h t o f o e r a h S 7 4 2 , 7 ) 1 0 1 , 8 ( 8 4 3 , 5 1 4 9 5 , 6 4 5 7 , 8 e v i s n e h e r p m o c r e h t o f o e r a h S y a m h c i h w s e r u t n e v t n i o j d n a o t y l t n e u q e s b u s d e i f i s s a l c e r e b s e t a i c o s s a f o ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o l a t o T s s o l r o t i f o r p s e t a i c o s s a f o ) s s o l ( e m o c n i h c i h w s e r u t n e v t n i o j d n a d e i f i s s a l c e r e b y a m s s o l r o t i f o r p o t y l t n e u q e s b u s e v i s n e h e r p m o c r e h t o l a t o T 4 4 9 , 9 4 9 $ 8 4 6 , 9 9 $ 6 9 2 , 0 5 8 $ ) 9 8 4 , 2 1 ( $ 5 8 7 , 2 6 8 $ ) s s o l ( e m o c n i 5 8 7 , 8 0 4 , 3 $ ) 9 5 9 , 2 5 1 ( $ 4 4 7 , 1 6 5 , 3 $ 9 7 6 , 0 2 $ 5 6 0 , 1 4 5 , 3 $ ) s s o l ( e m o c n i United Microelectronics Corporation | Annual Report 2019 d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 ) 2 7 6 , 1 2 ( $ 2 0 4 , 3 1 $ n g i e r o f f o n o i t a l s n a r t n o s e c n e r e f f i d e g n a h c x E 1 0 7 , 1 ) 1 0 1 , 8 ( ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o f o e r a h S s n o i t a r e p o 5 3 2 , 7 - x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D y a m h c i h w s e r u t n e v t n i o j d n a s e t a i c o s s a f o s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b e b y a m t a h t s m e t i o t d e t a l e r x a t e m o c n I s e t a r : s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b y a m t a h t s m e t I ) i i ( d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 9 1 4 , 4 8 5 $ ) 3 9 8 1 1 1 , , 1 ( 4 9 3 , 2 2 6 $ ) 0 8 7 , 3 3 0 1 ( , f o x a t e m o c n i t n e r r u c f o t c e p s e r n i s t n e m t s u j d A : ) t i f e n e b ( e s n e p x e x a t e m o c n i d e r r e f e D s d o i r e p r o i r p : ) t i f e n e b ( e s n e p x e x a t e m o c n i t n e r r u C e g r a h c x a t e m o c n i t n e r r u C 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f e s n e p x e x a t e m o c n i f o s t n e n o p m o c r o j a m e h T : s w o l l o f s a e r e w 8 1 0 2 d n a . a x a T e m o c n I ) 3 2 ( s s o l r o t i f o r p n i d e d r o c e r ) t i f e n e b ( e s n e p x e x a t e m o c n I . i ) 6 3 7 , 2 1 ( $ 1 0 3 , 5 $ y l t n e u q e s b u s d e i f i s s a l c e r 8 9 6 , 0 9 3 1 , 7 0 4 , 8 6 4 d n a n o i t a n i g i r o o t d e t a l e r x a t e m o c n i d e r r e f e D d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 - $ - ) 5 4 ( $ m o r f g n i s i r a e c n e r e f f i d y r a r o p m e t f o l a s r e v e R f o t n e n o p m o c y t i u q e e h t f o n o i t i n g o c e r l a i t i n i t n e m u r t s n i l a i c n a n i f d n u o p m o c e h t ) 4 1 5 ( l l i w h c i h w s t n e m u r t s n i g n i g d e h n o s e s s o l r o s n i a G ) 9 5 7 , 6 5 ( ) 9 5 7 , 6 5 ( $ - ) 9 5 5 ( $ s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n s e t a r x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D l a t o T s ’ C M U t a x a t e r o f e b e m o c n i d n a e s n e p x e x a t e m o c n i n e e w t e b n o i t a i l i c n o c e r A : s w o l l o f s a s a w e t a r x a t e l b a c i l p p a . b d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 0 8 8 , 6 3 4 8 2 1 , 7 4 1 , 1 9 9 3 , 4 8 1 , 2 $ 7 3 6 , 5 3 7 , 5 $ e t a r x a t e m o c n i y r o t u t a t s s ’ C M U t A x a t e r o f e b e m o c n I ) 3 9 8 , 1 1 1 , 1 ( ) 0 8 7 , 3 3 0 , 1 ( r o i r p f o x a t e m o c n i t n e r r u c f o t c e p s e r n i s t n e m t s u j d A 8 5 0 , 9 3 2 , 2 0 7 9 , 1 1 9 , 1 x a t t n e m t s e v n i d n a d r a w r o f - y r r a c s s o l n i s e g n a h c t e N s t i d e r c 2 2 1 , 6 2 ) 7 6 0 , 6 4 1 ( r o f s e i t i l i b a i l / s t e s s a x a t d e r r e f e d f o t n e m t s u j d A s d o i r e p l a n o i t c i d s i r u j t n e r e f f i d d n a s l a s r e v e r / s n w o d - e t i r w s e t a r x a t y t i u q e o t y l t c e r i d d e g r a h c x a t e m o c n i d e r r e f e D . i i i ) 7 6 3 , 5 3 3 ( ) 1 8 9 , 3 4 2 ( d n a n o i t i n g o c e r o t d e t a l e r x a t e m o c n i d e r r e f e D s e c n e r e f f i d y r a r o p m e t f o l a s r e v e r x a t d e s u n u d n a s e s s o l x a t f o n o i t i n g o c e r e d s t i d e r c ) 3 2 2 , 8 4 8 ( - x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D ) 4 4 7 , 2 ( ) 3 4 5 , 5 3 1 ( 9 8 1 , 1 2 1 ) 9 5 3 , 7 2 3 ( x a t e m o c n i d e r r e f e d s ’ r a e y r o i r p f o t n e m t s u j d A r o n w o d - e t i r w m o r f g n i s i r a x a t e m o c n i d e r r e f e D s t e s s a x a t d e r r e f e d f o n w o d - e t i r w f o l a s r e v e r s e t a r ) 3 5 6 , 8 5 4 ( $ ) 0 3 1 , 3 9 3 ( $ s s o l r o t i f o r p n i d e d r o c e r t i f e n e b x a t e m o c n I ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o f o s t n e n o p m o c o t d e t a l e r x a t e m o c n I . i i : s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n l l i w t a h t s m e t I ) i ( 2 1 0 , 1 1 $ 8 1 0 2 ) 1 8 2 , 1 2 ( $ 9 1 0 2 d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D n o i s n e p t i f e n e b d e n i f e d f o s t n e m e r u s a e m e R s n a l p 8 9 9 1 3 , ) 9 7 9 , 6 3 1 ( y t i u q e m o r f s e s s o l r o s n i a g d e z i l a e r n U 4 1 5 2 4 7 9 3 , 8 1 1 9 2 , - - - e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m s t n e m t s e v n i s t n e m u r t s n i h c i h w s t n e m u r t s n i g n i g d e h n o s e s s o l r o s n i a G o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n l l i w t o n l l i w h c i h w s e r u t n e v t n i o j d n a s e t a i c o s s a s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b f o ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o f o e r a h S x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D s s o l r o t i f o r p e b t o n l l i w t a h t s m e t i o t d e t a l e r x a t e m o c n I s e t a r 4 8 3 , 2 1 1 $ ) 0 6 2 , 8 5 1 ( $ s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r 233 Financial Review d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 7 7 8 , 9 3 4 , 4 $ 6 1 2 , 2 2 4 , 4 $ - ) 1 2 8 , 8 6 ( 8 4 6 , 9 9 3 4 8 , 7 1 0 2 7 , 7 5 4 , 4 3 9 9 0 3 , 2 2 4 , 4 5 9 8 , 2 4 5 , 1 ) 6 5 2 , 8 1 ( ) 9 5 9 , 2 5 1 ( ) 2 7 5 , 9 ( ) 9 5 7 , 6 5 ( ) 9 5 5 ( ) 3 1 2 , 3 7 ( 6 1 2 , 2 2 4 , 4 $ 7 1 2 , 0 2 7 , 5 $ d o i r e p e h t g n i r u d s s o l r o t i f o r p n i d e z i n g o c e r s t n u o m A e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s t n u o m A s n o i t a n i b m o c s s e n i s u b m o r f n o i t i s i u q c A s n o i t a c i l p p a e v i t c a o r t e r f o t c a p m I 1 y r a u n a J f o s a e c n a l a b d e t s u j d A 1 y r a u n a J f o s a e c n a l a B y t i u q e n i d e z i n g o c e r s t n u o m A 1 3 r e b m e c e D f o s a e c n a l a B s t n e m t s u j d a e g n a h c x E ) s s o l ( f o s A . s n o i t c i d s i r u j n g i e r o f r e h t o d n a n a w i a T n i n o i t a x a t o t t c e j b u s s i y n a p m o C e h T e v a h n a w i a T n i s e i r a i d i s b u s s t i d n a C M U f o s n r u t e r x a t e m o c n i , 9 1 0 2 , 1 3 r e b m e c e D , s n o i t c i d s i r u j n g i e r o f r e h t o n i e l i h w , 6 1 0 2 h g u o r h t s e i t i r o h t u a x a t e h t y b d e n i m a x e n e e b n a s i e r e h T . 2 1 0 2 h g u o r h t n o i t a n i m a x e e h t d e t e l p m o c e v a h s e i t i r o h t u a x a t t n a v e l e r s e i n a p m o c n i a t r e c f o s n r u t e r x a t e m o c n i e h t f o e m o c t u o e h t t a h t n o i t i s o p x a t n i a t r e c n u e v i t c e p s e r e h t f o s e i t i r o h t u a x a t e h t y b d e t p e c c a e b t o n y a m y n a p m o C e h t n i h t i w x a t e m o c n i d e r r e f e d f o t n e m e r u s a e m d n a n o i t i n g o c e r e h t r o F . s n o i t a r e p o f o s e i r t n u o c d n a s e t a m i t s e , s t n e m g d u j g n i t n u o c c a t n a c i f i n g i s d e v l o v n i h c i h w x a t e m o c n i t n e r r u c d n a . ) 5 ( 5 e t o N o t r e f e r e s a e l p , s n o i t p m u s s a e m o c n i o t t c e p s e r h t i w s d o i r e p l a r e v e s r o f n o i t p m e x e x a t e m o c n i d e t n a r g s a w C M U n o e r i p x e l l i w n o i t p m e x e x a t e m o c n i e h T . s n o i t a r e p o f o n o i s n a p x e e h t m o r f d e v i r e d . 0 2 0 2 , 1 3 r e b m e c e D . e . f x a t e m o c n i d e r r e f e d o n h c i h w r o f d r a w r o f - 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C O R . e h t o t s t n e m d n e m a e h t o t g n i d r o c c A d e t u b i r t s i d n u % 0 1 e h t d n a , % 0 2 o t % 7 1 m o r f d e s i a r s i e t a r x a t e m o c n i e t a r o p r o c . % 5 o t d e r e w o l s i x a t s g n i n r a e c i s a b - e r a h s r e p s g n i n r a E . a e r a h S r e P s g n i n r a E ) 4 2 ( d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 0 9 9 , 2 7 0 , 7 $ 4 1 6 , 7 0 7 , 9 $ y n a p m o c t n e r a p e h t o t e l b a t u b i r t t a e m o c n i t e N 0 8 8 , 3 0 1 , 2 1 8 0 1 , 5 8 7 , 1 1 ) s e r a h s d n a s u o h t ( e r a h s r e p s g n i n r a e c i s a b 8 5 . 0 $ 2 8 . 0 $ ) D T N ( c i s a b - e r a h s r e p s g n i n r a E r o f s e r a h s y r a n i d r o f o r e b m u n e g a r e v a - d e t h g i e W d e t u l i d - e r a h s r e p s g n i n r a E . b d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 0 9 9 , 2 7 0 , 7 $ 4 1 6 , 7 0 7 9 $ , y n a p m o c t n e r a p e h t o t e l b a t u b i r t t a e m o c n i t e N n o i t u l i d f o t c e f f E 9 4 3 , 3 8 2 1 2 1 , 9 8 2 s d n o b e l b i t r e v n o c d e r u c e s n U 9 3 3 , 6 5 3 7 $ , 5 3 7 , 6 9 9 9 $ , t n e r a p e h t f o s r e d l o h k c o t s o t e l b a t u b i r t t a e m o c n I 0 8 8 , 3 0 1 2 1 , 8 0 1 , 5 8 7 1 1 , r o f s k c o t s n o m m o c f o r e b m u n e g a r e v a - d e t h g i e W 1 1 5 , 7 3 1 9 9 5 , 3 4 2 1 , 7 4 0 , 0 9 9 2 7 , 5 9 2 1 , 5 5 . 0 $ 6 7 . 0 $ 0 9 9 , 4 8 4 , 3 1 4 8 8 , 0 7 1 3 1 , r e t f a s k c o t s n o m m o c f o r e b m u n e g a r e v a - d e t h g i e W ) D T N ( d e t u l i d - e r a h s r e p s g n i n r a E ) s e r a h s d n a s u o h t ( n o i t u l i d ) s e r a h s d n a s u o h t ( e r a h s r e p s g n i n r a e c i s a b s d n o b e l b i t r e v n o c d e r u c e s n U n o i t a s n e p m o c ’ s e e y o l p m E n o i t u l i d f o t c e f f E 235 . h . i . j s e i t i v i t c A g n i c n a n i F m o r f g n i s i r A s e i t i l i b a i L f o n o i t a i l i c n o c e R ) 5 2 ( o n h c i h w r o f s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A d n a n o i l l i m , 1 8 8 2 $ T N o t d e t n u o m a d e z i n g o c e r n e e b e v a h s t e s s a x a t e m o c n i d e r r e f e d : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F . y l e v i t c e p s e r , n o i l l i m 4 6 9 5 $ T N , Financial Review e u l a v r i a F e h t n o d e z i n g o c e r e t a d n o i t i s i u q c a 9 8 3 , 0 1 9 , 2 $ 7 2 8 , 1 6 5 , 3 6 1 6 , 8 2 4 , 2 8 1 6 , 7 9 4 , 1 1 7 4 5 , 9 7 4 4 5 7 , 8 1 3 , 1 3 5 5 , 3 6 5 , 1 1 3 4 , 0 3 2 5 3 7 , 0 9 9 , 3 2 ) 3 2 3 , 0 7 1 , 3 ( ) 9 1 1 , 2 6 9 , 1 ( ) 7 4 5 , 9 7 4 ( ) 1 3 2 , 9 8 1 ( ) 0 2 2 , 1 0 8 , 5 ( 5 1 5 , 9 8 1 , 8 1 $ 0 3 9 , 7 1 0 , 8 1 $ ) 5 1 5 , 9 8 1 , 8 1 ( ) 5 8 5 , 1 7 1 ( $ n o i t i s i u q c a f o e t a d e h t f o s a C J S U f o s e i t i l i b a i l d n a s t e s s a e l b a i f i t n e d i e h t f o e u l a v r i a f e h T y b d e r u s a e m n o i t a z i t r o m a t n u o c s i d f o d e t s i s n o c y l n i a m s e g n a h c h s a c - n o n r e h t O : A e t o N 236 t n e m p i u q e d n a t n a l p , y t r e p o r P s t n e l a v i u q e h s a c d n a h s a C e l b a v i e c e r s t n u o c c A s e i r o t n e v n I s t e s s A s t e s s a e s u - f o - t h g i R s t e s s a x a t d e r r e f e D s t e s s a e l b i g n a t n I s r e h t O e l b a y a p s t n u o c c A s e i t i l i b a i L : e r e w t n e m p i u q e n o s e l b a y a p d n a s e l b a y a p r e h t O s e i t i l i b a i l e s a e L s r e h t O . t n e r r u c n o n - s e i t i l i b a i l l a i c n a n i f r e h t o n o s l i a t e d e r o m r o f ) 5 ( 9 e t o N o t r e f e r e s a e l P : B e t o N . y r a i d i s b u s a f o n o i t i s i u q c a m o r f t c a p m i e h t g n i d u l c n I : C e t o N . d o h t e m t s e r e t n i e v i t c e f f e e h t s n o i t a n i b m o C s s e n i s u B ) 6 2 ( ) C J S U ( . 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S F I M n i t s e r e t n i p i h s r e n w o f o % 9 . 5 1 d l e h y l s u o i v e r p y n a p m o C e h T . 9 1 0 2 n o p u C J S U s a d e m a n e r s a w d n a y n a p m o C e h t f o y r a i d i s b u s d e n w o - y l l o h w a e m a c e b y l t n e r r u c s i t a h t n a p a J n i b a f m m 0 0 3 a s i C J S U . n o i t i s i u q c a e h t f o n o i t e l p m o c y t l a i c e p s s ’ y n a p m o C e h t s t i f b a f e h T . s t c u d o r p m n 0 4 d n a m n 5 6 , m n 0 9 g n i r u t c a f u n a m s ’ y n a p m o C e h t e s a e r c n i l l i w C J S U . s n o i t c e j o r p h t w o r g m r e t - g n o l d n a s u c o f y g o l o n h c e t e l a c s f o s e i m o n o c e m o r f t i f e n e b d n a s e i g r e n y s s s e n i s u b e d i v o r p , e r a h s t e k r a m y r d n u o f s t e s s a t e n e l b a i f i t n e d i l a t o T e v r e s o t s e i g o l o n h c e t c i g o l d n a y t l a i c e p s e v i s n e h e r p m o c s ’ y n a p m o C e h t g n i n e d a o r b e l i h w s s e c x e n i s a w d e m u s s a s e i t i l i b a i l d n a d e r i u q c a s t e s s a e l b a i f i t n e d i t e n e h t f o e u l a v r i a f e h T f o t s e r e t n i p i h s r e n w o d l e h y l s u o i v e r p e h t d n a d e r r e f s n a r t n o i t a r e d i s n o c e t a g e r g g a e h t f o n i a g r a b s a d e z i n g o c e r s a w e c n e r e f f i d e h t d n a , e t a d n o i t i s i u q c a e h t t a C J S U n i % 9 5 1 . y l s u o i v e r p s a w C J S U n i % 9 . 5 1 f o t s e r e t n i p i h s r e n w o d l e h y l s u o i v e r p e h T . n i a g e s a h c r u p , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f s a r o f d e t n u o c c a a r o f n o i t a r e d i s n o c e h t h t i w e u l a v r i a f t a d e r u s a e m e r y l t n e u q e s b u s s a w t I . t n e r r u c - n o n . n i a g e s a h c r u p n i a g r a b e h t n i g n i t l u s e r e t a d n o i t i s i u q c a e h t n o t n u o c s i d t s e r e t n i y t i r o n i m e h t d n a n o i l l i m 5 7 3 T N f o l a s o p s i d n o s s o l a d e z i n g o c e r y n a p m o C e h t , n o i t i s i u q c a e h t n o p U d e i f i s s a l c e r s a w t s e r e t n i p i h s r e n w o d l e h y l s u o i v e r p e h t n o s e s s o l d e z i l a e r n u d e t a l u m u c c a . s g n i n r a e d e n i a t e r o t e m o c n i e v i s n e h e r p m o c r e h t o m o r f s t e s s a t e n e l b a i f i t n e d i f o e u l a v r i a F : s s e L n i a g e s a h c r u p n i a g r a B : e s a h c r u p n i a g r a b n o n i a G d e r r e f s n a r t n o i t a r e d i s n o C 8 8 9 , 3 0 3 , 2 0 7 3 , 1 1 7 , 5 1 $ 2 7 5 , 2 0 3 9 , 7 1 0 , 8 1 $ 0 7 3 , 1 1 7 , 5 1 $ ) 9 8 3 0 1 9 , , 2 ( , 1 8 9 0 0 8 2 1 $ , e r o f e b y l e t a i d e m m i t s e r e t n i y t i u q e d l e h y l s u o i v e r p f o e u l a v r i a F . s r e m o t s u c l a n o i t a n r e t n i d n a e s e n a p a J : d e r r e f s n a r T n o i t a r e d i s n o C h s a C s t n e m u r t s n i g n i g d e h n o s e s s o l r o s n i a G n o i t i s i u q c a : n o i t i s i u q c a f o s i s y l a n a s w o l f l a t o T h s a C y r a i d i s b u s e h t m o r f d e r i u q c a h s a c t e N n o i t i s i u q c a m o r f s w o l f t u o h s a c t e N n o i t a r e d i s n o C h s a C United Microelectronics Corporation | Annual Report 2019 : y r a i d i s b u s e h t f o n o i t a d i l o s n o c e d m o r f g n i s i r a w o l f t u o h s a c t e n f o s i s y l a n A . c d n a s e u n e v e r g n i t a r e p o f o n o i l l i m 7 7 2 , 4 $ T N d e t u b i r t n o c C J S U , n o i t i s i u q c a e h t n o p U 7 1 6 , 4 $ ) 0 3 4 , 4 1 ( ) 3 1 8 , 9 ( $ n o i t a d i l o s n o c e d m o r f w o l f t u o h s a c t e N d e z i n g o c e r e d y r a i d i s b u s f o h s a c t e N d e v i e c e r h s a C S N O I T C A S N A R T Y T R A P D E T A L E R . 7 g n i r u d s e i t r a p d e t a l e r d n a y n a p m o C e h t n e e w t e b s n o i t c a s n a r t f o y r a m m u s a s i g n i w o l l o f e h T : s d o i r e p g n i t r o p e r l a i c n a n i f e h t y n a p m o C e h t h t i w p i h s n o i t a l e R s e i t r a p d e t a l e r f o e m a N e t a i c o s s A s e i r a i d i s b u S s t i d n a . P R O C Y G O L O N H C E T Y A D A R A F s e i t r a P d e t a l e R f o p i h s n o i t a l e R d n a e m a N y r a i d i s b u s s ’ e r u t n e v t n i o J e t a i c o s s A e t a i c o s s A e t a i c o s s A N O I T A R O P R O C Y G R E N E R A L O S H C R N U S G N N I J I I . D T L , . O C T N E M T S E V N I H E I H C N U S H N O I T A R O P R O C L A T I P A C T H G N K R T I I . P R O C L A T I P A C H E I H C N U S H r o t c e r i d s ’ y n a p m o C e h T . P R O C S M E T S Y S D E T A R G E T N I N O C I L I S s e i t r a p d e t a l e r r e h t O N O I T A R O P R O C K S A M P N D S C N O R T O H P I s e i t r a p d e t a l e r r e h t O . D T L , . I O C R O T C U D N O C M E S N O I S I V D E T I N U d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 7 7 2 , 4 1 8 8 , 7 2 - 3 2 5 , 5 4 8 9 3 , 1 9 2 , 1 $ 9 3 3 , 2 3 5 , 1 $ 6 5 5 , 3 2 3 , 1 $ 2 6 8 , 7 7 5 , 1 $ s e i t r a p d e t a l e r r e h t O s e i t r a p d e t a l e r r e h t O r o t c e r i d s ’ y r a i d i s b u S s n o i t c a s n a r T y t r a P d e t a l e R t n a c i f i n g i S s n o i t c a s n a r t g n i t a r e p O s e u n e v e r g n i t a r e p O . a N A U H Z G N A F - N A U H C s e r u t n e v t n i o J s e t a i c o s s A s r e h t O l a t o T . P R O C R O T C U D N O C M E S I P U I N O I T A R O P R O C S R A T S I N U ) 1 ( ) 2 ( , y n a p m o C e h t f o s n o i t a r e p o g n i u n i t n o c m o r f x a t e r o f e b t i f o r p o t n o i l l i m 5 0 3 $ T N g n i t a r e p o , r a e y e h t f o g n i n n i g e b e h t t a e c a l p n e k a t d a h n o i t a n i b m o c e h t f I . y l e v i t c e p s e r e h t d n a n o i l l i m 7 6 7 , 0 6 1 $ T N n e e b e v a h d l u o w s n o i t a r e p o g n i u n i t n o c e h t m o r f s e u n e v e r 5 3 5 , 6 $ T N n e e b e v a h d l u o w y n a p m o C e h t r o f s n o i t a r e p o g n i u n i t n o c m o r f x a t e r o f e b t i f o r p . y l e v i t c e p s e r , n o i l l i m e h t , 8 1 0 2 r e b m e c e D n i S R A T S I N U f o s e r a h s s t i f o l l a f o d e s o p s i d y r a i d i s b u s s ’ C M U s A f o s e i t i l i b a i l d n a s t e s s a t n a v e l e r e h t g n i z i n g o c e r e d , S R A T S I N U f o l o r t n o c t s o l y n a p m o C . t s o l s i l o r t n o c e h t n e h w e t a d e h t t a S R A T S I N U ) S R A T S I N U ( . P R O C S R A T S I N U s e i r a i d i s b u S f o n o i t a d i l o s n o c e D ) 7 2 ( 9 3 2 , 8 1 7 1 7 , 6 4 5 1 5 , 5 4 5 6 3 , 2 0 3 4 , 4 1 $ 6 6 2 , 7 2 1 ) 3 1 3 , 4 3 ( ) 9 0 3 , 9 2 ( ) 9 9 8 , 1 1 ( ) 2 0 5 5 ( , ) 2 7 8 , 2 ( ) 5 9 8 , 3 8 ( 1 7 3 , 3 4 $ 7 1 6 , 4 $ ) 1 7 3 , 3 4 ( ) 6 7 1 ( 4 7 0 , 7 ) 6 5 8 , 1 3 ( $ : f o d e t s i s n o c y l n i a m s e i t i l i b a i l d n a s t e s s a d e z i n g o c e r e D s e i t i l i b a i l m r e t - g n o l f o n o i t r o p t n e r r u C s n a o l m r e t - g n o L s r e h t O s n a o l m r e t - t r o h S s e i t i l i b a i L s e l b a y a P d e t a d i l o s n o c e d y r a i d i s b u s e h t f o s t e s s a t e N e l b a v i e c e r s t n u o c c a d n a s e t o N s t n e l a v i u q e h s a c d n a h s a C t n e m p i u q e d n a t n a l p , y t r e p o r P s e i r o t n e v n I s r e h t O s t e s s A : n o i t c a s n a r t e h t m o r f d e z i n g o c e r s s o l d n a d e v i e c e r n o i t a r e d i s n o C d e t a d i l o s n o c e d y r a i d i s b u s e h t f o s t e s s a t e N : s s e L d e v i e c e r h s a C s t s e r e t n i g n i l l o r t n o c - n o N : d d A l l i w d o o G : s s e L y r a i d i s b u s f o l a s o p s i d n o s s o L . a . b s a d e z i n g o c e r s a w 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f y r a i d i s b u s f o l a s o p s i d n o s s o L . e m o c n i e v i s n e h e r p m o c f o t n e m e t a t s d e t a d i l o s n o c e h t n i s e s s o l d n a s n i a g r e h t o 237 Financial Review 0 0 0 , 0 2 7 $ e c i r p e s a h c r u P d e d n e r a e y e h t r o F 9 1 0 2 , 1 3 r e b m e c e D 0 0 0 , 0 4 8 $ e c i r p e s a h c r u P d e d n e r a e y e h t r o F 8 1 0 2 , 1 3 r e b m e c e D e c i r p e s a h c r u P d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 0 1 6 , 0 0 2 $ 3 6 4 , 9 3 3 $ 8 1 0 2 9 1 0 2 d e d n e r a e y e h t r o F 8 1 0 2 , 1 3 r e b m e c e D l a s o p s i D n i a g ) s s o l ( s d e e c o r P d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i f o n o i t c a s n a r T g n i y l r e d n u k c o t S n o i t c a s n a r T g n i y l r e d n u k c o t S e m u l o V g n i d a r T f o s d n a s u o h t n I ( 0 0 0 , 2 7 ) s e r a h s e m u l o V g n i d a r T f o s d n a s u o h t n I ( 0 0 0 , 4 8 ) s e r a h s s t e s s a e l b i g n a t n i f o n o i t i s i u q c A s e t a i c o s s A s e t a i c o s s A n o i t i s i u q c A . e n o N : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F y r a i d i s b u s f o l a s o p s i D s e t a i c o s s A g n i y l r e d n u f o k c o t S S R A T S I N U 8 6 1 , 6 4 ) s e r a h s n o i t c a s n a r T f o s d n a s u o h t n I ( e m u l o V g n i d a r T s r e h t O n i t n e m e e r g a l a u t u m h g u o r h t d e n i m r e t e d s a w s e i t r a p d e t a l e r e v o b a e h t o t e c i r p s e l a s e h T d e t a l e r o t s e l a s c i t s e m o d r o f d o i r e p n o i t c e l l o c e h T . s n o i t i d n o c t e k r a m o t e c n e r e f e r s a w s e l a s s a e s r e v o r o f d o i r e p n o i t c e l l o c e h t e l i h w , s y a d 0 6 ~ 0 3 d n e - h t n o m e r e w s e i t r a p 1 7 7 8 2 , 1 $ 8 5 3 , 1 $ 8 4 0 8 8 , 7 $ 8 2 9 , 7 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 ) s e i t i l i b a i l t n e r r u c r e h t o r e d n u d e i f i s s a l c ( s e i t i l i b a i l d n u f e R . s y a d 0 6 ~ 0 3 t e n s e t a i c o s s A s r e h t O l a t o T e c i r p e s a h c r u P d e d n e r a e y e h t r o F 9 1 0 2 , 1 3 r e b m e c e D n o i t c a s n a r T g n i y l r e d n u e m u l o V g n i d a r T s d n a s u o h t n I ( ) s e r a h s f o t n e r r u c n o n – s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f f o n o i t i s i u q c A s n o i t c a s n a r t t e s s a t n a c i f i n g i S . b 6 6 2 , 4 6 4 6 , 4 3 1 $ 2 1 9 , 8 3 1 $ 8 1 0 2 3 4 2 , 1 1 2 0 7 , 8 7 2 $ 5 4 9 , 9 8 2 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A t e n , e l b a v i e c e r s t n u o c c A 238 s e t a i c o s s A s r e h t O l a t o T ) 6 5 8 , 1 3 ( $ 7 1 6 , 4 $ N O I T A R O P R O C 3 2 9 , 2 3 $ f o k c o t S 0 0 5 s e t a i c o s s A d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 8 8 0 , 0 5 7 , 1 $ 3 6 2 , 6 4 3 , 2 $ e r u t i d n e p x e k s a M s r e h t O . c s r e h t O 1 1 2 , 7 3 4 3 1 , 0 7 $ . D T L O D A R I I S L A R E T A M S I S Y L A N A Y G O L O N H C E T . C N I R A E G f o k c o t S 0 0 9 , 1 s e t a i c o s s A . e n o N : 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F l a t o T United Microelectronics Corporation | Annual Report 2019 t n u o m A g n i y r r a C , 1 3 r e b m e c e D f o s A ) s ( t e s s a h c i h w o t y t r a P e g d e l p f o e s o p r u P d e g d e l p s a w 8 1 0 2 9 1 0 2 s m e t I r o f l a r e t a l l o C d n a k n a B e v i t a r e p o o C n a w i a T 8 3 9 , 3 2 8 , 5 $ 0 9 5 , 1 8 3 , 5 $ s g n i d l i u B 6 3 0 , 1 7 5 $ 2 9 8 , 3 8 6 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 s n a o l m r e t - g n o l m o r f s n a o L d e t a c i d n y S d e r u c e S 6 d n a k n a B t n e m p o l e v e D a n i h C s r e h t o s n a o l m r e t - g n o l d n a k n a B l a i c r e m m o C l a n o i t a n r e t n I t n e m p i u q e r o f l a r e t a l l o C a g e M , k n a B e v i t a r e p o o C n a w i a T 6 8 0 , 2 6 7 , 5 2 7 7 0 , 9 2 0 , 9 1 d n a y r e n i h c a M m o r f s n a o L d e t a c i d n y S d e r u c e S 6 d n a k n a B t n e m p o l e v e D a n i h C s r e h t o s n a o l m r e t - g n o l s r e h t o 6 d n a k n a B t n e m p o l e v e D s n a o l m r e t - g n o l s r e h t o 6 d n a k n a B t n e m p o l e v e D 1 5 3 , 0 5 1 , 4 3 $ 4 3 2 , 3 2 9 , 6 2 $ s t e s s a l a t o T r o f l a r e t a l l o C a n i h C m o r f s n a o L d e t a c i d n y S d e r u c e S 8 0 1 , 9 0 3 - t n e r r u c n o n r e h t O r o f l a r e t a l l o C a n i h C m o r f s n a o L d e t a c i d n y S d e r u c e S - 0 2 1 , 2 9 2 s t e s s a e s u - f o - t h g i R d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 4 9 2 , 7 8 3 $ 5 3 1 , 1 7 2 $ - 0 6 6 , 4 5 3 4 7 5 8 , 3 9 2 6 0 4 , 2 5 1 4 , 3 8 7 5 3 0 2 , 2 6 6 4 2 , 6 8 6 $ 7 3 7 , 9 3 3 $ e r u t i d n e p x e k s a m f o s e l b a y a p r e h t O n o i t a s n e p m o c l e n n o s r e p t n e m e g a n a m y e K . d s r e h t O s t i f e n e b e e y o l p m e m r e t - t r o h S s t i f e n e b t n e m y o l p m e - t s o P s t i f e n e b n o i t a n i m r e T t n e m y a p d e s a b - e r a h S s r e h t O l a t o T L A R E T A L L O C S A D E G D E L P S T E S S A . 8 S T N E M T I M M O C T C A R T N O C D E Z I N G O C E R N U D N A S E I C N E G N I T N O C T N A C I F I N G I S . 9 : l a r e t a l l o c s a d e g d e l p y n a p m o C e h t f o s t e s s a s t s i l e l b a t g n i w o l l o f e h T g n i t r o p m i r o f t i d e r c f o s r e t t e l d e s u n u r e d n u e l b a l i a v a s t n u o m a , 9 1 0 2 , 1 3 r e b m e c e D f o s A . n o i l l i b 1 . 0 $ T N e r e w t n e m p i u q e d n a y r e n i h c a m e c n a m r o f r e p n e p o o t s e t u t i t s n i l a i c n a n i f d e t s u r t n e y n a p m o C e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A 7 . 1 $ T N o t g n i t n u o m a , e e t n a r a u g x a t s m o t s u c d n a s n o i t a g i t i l e h t o t d e t a l e r y l n i a m , e e t n a r a u g . n o i l l i b f o s t c a r t n o c t n e m p o l e v e d d n a s t n e m e e r g a e s n e c i l t n e t a p l a r e v e s o t n i d e r e t n e y n a p m o C e h T f o s A . n o i l l i b 8 . 0 1 $ T N y l e t a m i x o r p p a f o t n u o m a t c a r t n o c l a t o t a r o f y t r e p o r p l a u t c e l l e t n i s a w d e z i n g o c e r t e y t o n s e e f t n e m p o l e v e d d n a s e i t l a y o r f o n o i t r o p e h t , 9 1 0 2 , 1 3 r e b m e c e D . n o i l l i b 4 1 $ T N . s t i f o n o i s n a p x e e h t r o f s t c a r t n o c n o i t c u r t s n o c l a r e v e s o t n i d e r e t n e y n a p m o C e h T o t d e t n u o m a s t c a r t n o c n o i t c u r t s n o c e s e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A . s n o i t a r e p o s a w d e z i n g o c e r t e y t o n s t c a r t n o c e h t f o n o i t r o p e h t d n a n o i l l i b 0 . 2 $ T N y l e t a m i x o r p p a . n o i l l i b 4 . 0 $ T N y l e t a m i x o r p p a ) 1 ( ) 2 ( ) 3 ( ) 4 ( ) s ( t e s s a h c i h w o t y t r a P e g d e l p f o e s o p r u P d e g d e l p s a w 8 1 0 2 9 1 0 2 s m e t I d n a l r o f l a r e t a l l o C n o i t a r t s i n i m d A k r a P e c n e i c S 8 5 3 , 7 3 2 7 1 1 , 8 4 3 s t i s o p e D e l b a d n u f e R e s a e l y r o t i m r o d ) t i s o p e d e m T ( i s e c r u o s e r y g r e n E s s e n i s u B s a G l a r u t a N d e i f e u q i L 4 8 0 , 7 3 5 8 7 , 1 4 s t i s o p e D e l b a d n u f e R r o f l a r e t a l l o C n o i t a r t s i n i m d A k r a P e c n e i c S 9 7 5 , 9 1 0 1 5 , 9 1 s t i s o p e D e l b a d n u f e R e e t n a r a u g n a w i a T , n o i t a r o p r o C C P C , n o i s i v i D ) t i s o p e d e m T ( i e s a e l ) t i s o p e d e m T ( i y t u d s m o t s u C e e t n a r a u g s m o t s u C 8 9 1 , 1 6 9 $ 5 3 0 , 1 1 8 $ s t i s o p e D e l b a d n u f e R d n a t i s o p e d k n a B ( ) t i s o p e d e m T i e c n a m r o f r e p k n a B e e t n a r a u g a n i h C f o k n a B 0 0 0 , 0 0 0 , 1 0 0 0 , 0 0 0 , 1 s t i s o p e D e l b a d n u f e R ) t i s o p e d e m T ( i 239 t n u o m A g n i y r r a C , 1 3 r e b m e c e D f o s A 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A Financial Review o t l e s n u o c d e t n i o p p a s a h C M U . l a i r t n o l l i t s e r a t n i a l p m o c l i v i c d n a t n e m t c i d n i e h T y g o l o n h c e t t n i o j e h t d e d n e p s u s s a h C M U , s e d i s e B . s e g r a h c e s e h t t s n i a g a s r e w s n a e r a p e r p y r a n i m i l e r p e h t n i l l i t s e r a s n o i t a g i t i l e s e h t n e v i G . A U H N I J h t i w s e i t i v i t c a t n e m p o l e v e d . t c a p m i r o e m o c t u o e l b a b o r p d n a g n i d e e c o r p l a g e l e h t s s e s s a t o n n a c C M U , s e g a t s d n a 4 3 9 1 f o t c A e g n a h c x E s e i t i r u c e S r e d n u d e l i f s a w , s e v i t u c e x e l a r e v e s d n a n o i t a r o p r o C e h T . k r o Y w e N f o t c i r t s i D n r e h t u o S e h t r o f t r u o C t c i r t s i D s e t a t S d e t i n U e h t n i 5 - b 0 1 e l u R n O . 9 1 0 2 , 3 2 y a M n o l e s n u o c f f i t n i a l p d a e l d e v o r p p a d n a f f i t n i a l p d a e l a d e t n i o p p a t r u o c d n a t n i a l p m o c d e d n e m a ’ s f f i t n i a l p f o e c i v r e s e h t d e v i e c e r C M U , 9 1 0 2 , 7 2 r e b m e t p e S e h t n i l l i t s s i n o i t a g i t i l s i h t n e v i G . s e r u d e c o r p t n a v e l e r e h t e r a p e r p o t l e s n u o c d e t n i o p p a r o e m o c t u o e l b a b o r p d n a g n i d e e c o r p l a g e l e h t s s e s s a t o n n a c C M U , s e g a t s y r a n i m i l e r p s c i n o r t c e l e o r c i M d e t i n U . v r e y e M d e l y t s n o i t c a s s a l c e v i t a t u p a , 9 1 0 2 , 4 1 h c r a M n O ) 7 ( S S O L R E T S A S I D T N A C I F I N G I S . 0 1 . t c a p m i . e n o N t n e m n r e v o g . . 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C O R . f o t c A t e r c e S e d a r T , 7 1 0 2 , 5 r e b m e c e D n O . ) ” N O R C M I “ ( . C N I Y, G O L O N H C E T N O R C M I f o s t e r c e s y a w - 3 a n i e t a p i c i t r a p o t 4 1 0 2 r e b o t c O n i d e v l o s e r C M U f o s r o t c e r i D f o d r a o B e h T I & C N O R T C E L E N A I J U F d n a t n e m n r e v o G s ’ e l p o e P l a p i c i n u M n e m a i X h t i w t n e m e e r g a y r d n u o f r e f a w ’ ’ 2 1 n o s u c o f l l i w h c i h w y n a p m o c a m r o f o t P U O R G N O I T A M R O F N I ) 5 ( 240 , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H f o s r o t c e r i D f o d r a o B e h t , 0 2 0 2 , 1 1 y r a u r b e F n O R O T C U D N O C M E S I D E T I N U f o n o i t c e j n i l a t i p a c e h t n i e t a p i c i t r a p o t d e v l o s e r . D T L . n o i l l i b 5 . 3 B M R f o t n u o m a t n e m t s e v n i l a t o t a t a s e g a t s n i . D T L , . O C ) N E M A X I ( S T N E V E T N E U Q E S B U S T N A C I F I N G I S . 1 1 s e t a t S d e t i n U e h t h t i w C M U t s n i a g a e s u a c r a l i m i s h t i w n o i t c a l i v i c a d e l i f N O R C M I l a u t c a e h t o t t n e m e l t i t n e d e m i a l c N O R C M I . a i n r o f i l a C f o t c i r t s i D n r e h t r o N , t r u o C t c i r t s i D t a h t r e d r o n a e u s s i o t t r u o c e h t d e t s e u q e r d n a s e e f t n a v e l e r d n a s e g a m a d e l b e r t , s e g a m a d s s e r g o r p n i y l t n e r r u c s i e s a c e h T . n o i t s e u q n i s t e r c e s e d a r t s t i g n i s u m o r f C M U s n i o j n e . s e g r a h c e s e h t t s n i a g a s r e w s n a e r a p e r p o t s l e s n u o c d e t n i o p p a s a h C M U d n a u o h z u F e h t h t i w s n o i t c a t n e m e g n i r f n i t n e t a p e e r h t d e l i f C M U , 8 1 0 2 , 2 1 y r a u n a J n O 7 9 2 , 4 8 0 , 2 1 $ 3 7 4 , 1 2 0 , 4 1 $ s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 7 7 4 , 5 8 5 , 1 1 2 3 2 , 3 2 7 , 4 1 r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 s t e s s A l a i c n a n i F 8 4 6 , 5 5 6 , 3 8 1 5 4 , 3 8 5 , 4 2 9 9 3 , 7 5 7 , 2 7 3 0 , 0 2 3 , 2 3 0 4 , 6 8 4 , 5 9 2 1 2 , 3 8 3 , 6 2 3 3 7 , 0 0 6 , 2 6 6 0 , 3 5 3 , 2 9 0 3 , 6 8 9 , 6 3 1 $ 9 1 1 , 8 6 5 , 5 5 1 $ ) d n a h n o h s a c s e d u l c x e ( s t n e l a v i u q e h s a c d n a h s a C t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i F e m o c n i e v i s n e h e r p m o c s t i s o p e d e l b a d n u f e R s t e s s a l a i c n a n i f r e h t O s e l b a v i e c e R l a t o T s t n e m u r t s n i l a i c n a n i f f o s e i r o g e t a C ) 1 ( S R E H T O . 2 1 e h t r e d r o o t t r u o c e h t g n i t s e u q e r , . D T L , . O C I G N D A R T ) I A H G N A H S ( N O R C M I e h t l l e s o t g n i t t i m m o c d n a , g n i l l e s , g n i t r o p m i , g n i s s e c o r p , g n i r u t c a f u n a m p o t s o t s t n a d n e f e d s e i r o t n e v n i l l a y o r t s e d o t o s l a d n a , s n o i t s e u q n i s t n e t a p g n i g n i r f n i e h t g n i y o l p e d s t c u d o r p t r u o C s ’ e l p o e P e t a i d e m r e t n I u o h z u F e h t , 8 1 0 2 , 3 y l u J n O . s l o o t d n a s d l o m d e t a l e r d n a e h t t a h t g n i d l o h , s t n a d n e f e d o w t d e n o i t n e m e r o f a e h t t s n i a g a n o i t c n u j n i y r a n i m i l e r p d e t n a r g t a h t s t c u d o r p t r o p m i d n a , l l e s , e r u t c a f u n a m o t e s a e c y l e t a i d e m m i t s u m s t n a d n e f e d o w t . l a i r t n o l l i t s s i C M U y b d e l i f t i u s w a l e h T . C M U f o s t h g i r t n e t a p e h t e g n i r f n i n a d e l a e s n u ) ” J O D “ ( s e t a t S d e t i n U e h t f o e c i t s u J f o t n e m t r a p e D e h t , 8 1 0 2 , 1 r e b m e v o N n O . D T L , . O C T I U C R I C D E T A R G E T N I A U H N I J N A I J U F , C M U t s n i a g a t n e m t c i d n i r e m r o f o w t d n a e e y o l p m e t n e r r u c e n o g n i d u l c n i , s l a u d i v i d n i e e r h t d n a , ) ” A U H N I J “ ( f o s t e r c e s e d a r t l a e t s o t d e r i p s n o c s r e h t o d n a C M U t a h t g n i g e l l a , C M U f o s e e y o l p m e y l t n e u q e s b u s s a w t a h t y g o l o n h c e t p o l e v e d o t n o i t a m r o f n i t a h t d e s u d n a , N O R C M I e h t g n i n i o j n e t n i a l p m o c l i v i c a d e l i f J O D e h t , y a d e m a s e h t n O . A U H N I J o t d e r r e f s n a r t g n i n i a t n o c s t c u d o r p y n a s e t a t S d e t i n U e h t o t g n i t r o p x e m o r f s t n a d n e f e d d e n o i t n e m e r o f a g n i r r e f s n a r t m o r f s t n a d n e f e d e h t g n i t n e v e r p d n a A U H N I J r o C M U y b d e r u t c a f u n a m M A R D . e s l e e n o y n a o t s t e r c e s e d a r t e h t d n a . D T L , . O C ) N A ’ I X ( N O R C M I , s r e h t o g n o m a , t s n i a g a t r u o C s ’ e l p o e P e t a i d e m r e t n I United Microelectronics Corporation | Annual Report 2019 s e s a h c r u p m o r f g n i s i r a k s i r y c n e r r u c n g i e r o f e h t n o s e g d e h l a r u t a n s e i l p p a y n a p m o C e h T k s i r y c n e r r u c n g i e r o f e g a n a m o t s t c a r t n o c e g n a h c x e d r a w r o f r o t o p s s e z i l i t u d n a , s e l a s r o . r o n i m s i s e i t i l i b a i l d n a s t e s s a l a i c n a n i f y r a t e n o m o t d e t a l e r s k s i r e h t f o t c e f f e t e n e h t d n a e h t f o t n u o m a e h t s a e m a s e h t e r a s t c a r t n o c y c n e r r u c n g i e r o f e h t f o s t n u o m a l a n o i t o n e h T e g n a h c x e d r a w r o f y n a t u o y r r a c t o n s e o d y n a p m o C e h t , e l p i c n i r p n I . s m e t i d e g d e h y c n e r r u c d r a w r o f n i a t r e c s e t a n g i s e d y n a p m o C e h T . s t n e m t i m m o c n i a t r e c n u r o f s t c a r t n o c k s i r e g n a h c x e y c n e r r u c n g i e r o f o t e r u s o p x e s t i e g d e h o t s e g d e h w o l f h s a c s a s t c a r t n o c , t n e m s s e s s a f o s i s a b e h t n O . s n o i t c a s n a r t t s a c e r o f e l b a b o r p y l h g i h n i a t r e c h t i w d e t a i c o s s a e u l a v e h t d n a s t c a r t n o c e g n a h c x e y c n e r r u c d r a w r o f f o e u l a v e h t t a h t s t c e p x e y n a p m o C e h t n e v i g r o f s n o i t c e r i d e t i s o p p o n i y l l a c i t a m e t s y s e g n a h c l l i w s n o i t c a s n a r t d e g d e h e h t f o s p i h s n o i t a l e r g n i g d e h e s e h t n i s s e n e v i t c e f f e n i e g d e H . s e t a r e g n a h c x e n g i e r o f n i s e g n a h c f o s t n e m e v o m e u l a v r i a f e h t g n i t c a p m i , k s i r t i d e r c ’ s e i t r a p r e t n u o c e h t m o r f s e s i r a y l n i a m d e g r e m e s s e n e v i t c e f f e n i f o s e c r u o s r e h t o o N . s m e t i d e g d e h d n a s t n e m u r t s n i g n i g d e h e h t s e i r a i d i s b u s n g i e r o f n i s t n e m t s e v n i t e n s a , e r o m r e h t r u F . s p i h s n o i t a l e r g n i g d e h e s e h t m o r f . y n a p m o C e h t y b d e g d e h t o n e r a y e h t , s e s o p r u p c i g e t a r t s r o f e r a y c n e r r u c n g i e r o f e g d e h o t y n a p m o C e h t y b d e t a n g i s e d s t c a r t n o c e g n a h c x e d r a w r o f n i a t r e C Y, P J n i C J S U f o s e r a h s l a n o i t i d d a f o e s a h c r u p e h t h t i w d e t a i c o s s a s k s i r e t a r e g n a h c x e e g d e h w o l f h s a c e h T . 8 1 0 2 , 1 3 r e b m e c e D o t r o i r p d e r i p x e , n o i l l i b 3 2 Y P J o t g n i t n u o m a s a d e z i n g o c e r s a w , n o i l l i m ) 3 ( $ T N o t g n i t n u o m a , y t i u q e f o s t n e n o p m o c r e h t o n i e v r e s e r e s a e l P . 9 1 0 2 , 1 r e b o t c O n o C J S U n i % 1 . 4 8 f o t s e r e t n i p i h s r e n w o e h t r o f n o i t a r e d i s n o c . ) 6 2 ( 6 e t o N o t r e f e r s e t a r e g n a h c x e n g i e r o f n i e g n a h c e l b i s s o p e h t f o s i s y l a n a y t i v i t i s n e s y c n e r r u c n g i e r o f e h T n i d e t a n i m o n e d s m e t i y r a t e n o m t n a c i f i n g i s n o d e m r o f r e p s i t i f o r p s ’ y n a p m o C e h t n o s n e k a e w / s n e h t g n e r t s D T N n e h W . d o i r e p g n i t r o p e r e h t f o d n e e h t f o s a s e i c n e r r u c n g i e r o f 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f t i f o r p e h t , % 0 1 y b D S U t s n i a g a n e h W . y l e v i t c e p s e r , n o i l l i m 7 6 3 , 1 $ T N d n a n o i l l i m 9 0 0 , 1 $ T N y b s e s a e r c n i / s e s a e r c e d r e b m e c e D d e d n e s r a e y e h t r o f t i f o r p e h t , % 0 1 y b D S U t s n i a g a s n e k a e w / s n e h t g n e r t s B M R , n o i l l i m 9 8 5 , 2 $ T N d n a n o i l l i m 0 0 2 , 2 $ T N y b s e s a e r c e d / s e s a e r c n i 8 1 0 2 d n a 9 1 0 2 , 1 3 t s e r e t n i g n i t a o l f t a g n i w o r r o b m o r f g n i s i r a k s i r e t a r t s e r e t n i o t d e s o p x e s i y n a p m o C e h T t a d e r u s a e m e r a d n a s e t a r t s e r e t n i d e x i f e v a h s d n o b s ’ y n a p m o C e h t f o l l A . s e t a r . s w o l f h s a c e r u t u f e h t t c e f f a t o n d l u o w s e t a r t s e r e t n i n i s e g n a h c , h c u s s A . t s o c d e z i t r o m a k n a b m r e t - g n o l d n a m r e t - t r o h s s ’ y n a p m o C e h t f o s e t a r t s e r e t n i e h t s a , d n a h r e h t o e h t n O e h t t o n t u b s w o l f h s a c e r u t u f e h t t c e f f a d l u o w s e t a r t s e r e t n i n i s e g n a h c , g n i t a o l f e r a s n a o l e h t f o s e t a r t s e r e t n i f o e g n a r e h t r o f ) 2 1 ( 6 d n a ) 1 1 ( 6 , ) 0 1 ( 6 e t o N o t r e f e r e s a e l P . e u l a v r i a f k s i r e t a r t s e r e t n I . y l e v i t c e p s e r - , 5 2 0 1 3 0 6 , 9 9 0 , 3 2 5 , 0 2 1 4 4 , 3 9 0 , 0 2 3 3 6 , 2 6 9 , 9 2 1 $ 1 5 3 , 2 6 4 , 8 3 1 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 8 0 8 , 3 0 1 , 3 1 $ 6 0 2 , 5 1 0 , 2 1 $ 6 3 5 , 5 6 4 , 3 2 5 9 4 , 2 4 3 , 7 2 t s o c d e z i t r o m a t a d e r u s a e m s e i t i l i b a i l l a i c n a n i F s e i t i l i b a i L l a i c n a n i F s n a o l m r e t - t r o h S s e l b a y a P 3 9 7 , 5 6 6 4 9 6 , 6 9 2 ) d e d u l c n i n o i t r o p t n e r r u c ( s t i s o p e d e e t n a r a u G 2 8 1 , 8 7 3 , 1 4 6 1 4 , 1 8 7 , 8 3 5 1 2 , 6 2 8 , 0 3 4 7 0 , 2 0 9 , 3 3 ) d e d u l c n i n o i t r o p t n e r r u c ( s n a o l m r e t - g n o L ) d e d u l c n i n o i t r o p t n e r r u c ( e l b a y a p s d n o B s e i t i l i b a i l l a i c n a n i f r e h t O ) e t o N ( s e i t i l i b a i l e s a e L l a t o T : e t o N o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T . 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r d n a k s i r t i d e r c , k s i r t e k r a m e h t e g a n a m o t e r a s e v i t c e j b o t n e m e g a n a m k s i r s ’ y n a p m o C e h T d n a s e r u s a e m , s e i f i t n e d i y n a p m o C e h T . s e i t i v i t c a g n i t a r e p o s t i o t d e t a l e r k s i r y t i d i u q i l . e c n e r e f e r p k s i r d n a y c i l o p n o d e s a b s k s i r d e n o i t n e m e r o f a e h t s e g a n a m s e i c i l o p d n a s e v i t c e j b o t n e m e g a n a m k s i r l a i c n a n i F ) 2 ( r o f s l o r t n o c l a n r e t n i d n a s e r u d e c o r p , s e i c i l o p e t a i r p o r p p a d e h s i l b a t s e s a h y n a p m o C e h T l a v o r p p a , s e i t i v i t c a l a i c n a n i f t n a c i f i n g i s o t n i g n i r e t n e e r o f e B . t n e m e g a n a m k s i r l a i c n a n i f n o d e s a b t u o d e i r r a c e b t s u m e e t t i m m o C t i d u A d n a s r o t c e r i D f o d r a o B e h t y b s s e c o r p s t i h t i w s e i l p m o c y n a p m o C e h T . s e r u d e c o r p l o r t n o c l a n r e t n i d n a s l o c o t o r p d e t a l e r . s e m i t l l a t a s e i c i l o p t n e m e g a n a m k s i r l a i c n a n i f l l i w t n e m u r t s n i l a i c n a n i f a f o s w o l f h s a c e r u t u f r o e u l a v r i a f e h t t a h t k s i r e h t s i k s i r t e k r a M , k s i r y c n e r r u c e s i r p m o c s k s i r t e k r a M . s e c i r p t e k r a m n i s e g n a h c f o e s u a c e b e t a u t c u l f . ) k s i r e c i r p y t i u q e s a h c u s ( k s i r e c i r p r e h t o d n a k s i r e t a r t s e r e t n i k s i r t e k r a M ) 3 ( y l i r a m i r p s e t a l e r s e t a r e g n a h c x e n g i e r o f n i s e g n a h c f o k s i r e h t o t e r u s o p x e s ’ y n a p m o C e h T a n i d e t a n i m o n e d s i e s n e p x e r o e u n e v e r n e h w ( s e i t i v i t c a g n i t a r e p o s ’ y n a p m o C e h t o t t e n s ’ y n a p m o C e h t d n a ) y c n e r r u c l a n o i t c n u f s ’ y n a p m o C e h t m o r f y c n e r r u c t n e r e f f i d k s i r y c n e r r u c n g i e r o F . s n a o l k n a b d n a s d n o b s ’ y n a p m o C . s e i r a i d i s b u s n g i e r o f n i s t n e m t s e v n i 241 Financial Review 9 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T s r a e y 5 > 5 o t 4 s r a e y 3 o t 2 s r a e y n a h t s s e L r a e y 1 d n a g n i d n u f f o y t i u n i t n o c n e e w t e b e c n a l a b a n i a t n i a m o t e r a s e v i t c e j b o s ’ y n a p m o C e h T . e s a e l d n a s d n o b , s n a o l k n a b , s t n e l a v i u q e h s a c d n a h s a c f o e s u e h t h g u o r h t y t i l i b i x e l f s e i t i l i b a i l l a i c n a n i f s ’ y n a p m o C e h t f o e l i f o r p y t i r u t a m e h t s e z i r a m m u s w o l e b e l b a t e h T : y t i r u t a m l a u t c a r t n o c d n a s t n e m y a p d e t n u o c s i d n u l a u t c a r t n o c e h t n o d e s a b 1 2 6 , 1 1 2 , 2 1 $ 7 1 6 , 6 0 1 , 7 2 - $ - - $ 0 2 0 , 5 1 4 9 6 , 6 9 2 2 0 0 , 9 9 - 8 0 1 , 7 9 4 8 5 , 0 0 1 6 8 6 , 0 0 6 1 1 9 , 0 9 4 , 6 2 - $ 1 2 6 , 1 1 2 , 2 1 $ s n a o l m r e t - t r o h S s e i t i l i b a i l l a i c n a n i f e v i t a v i r e d - n o N s t i s o p e d s e l b a y a P e e t n a r a u G o t 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f t i f o r p e h t e s u a c d l u o c . y l e v i t c e p s e r , n o i l l i m 4 4 $ T N d n a n o i l l i m 6 4 $ T N y b e s a e r c n i / e s a e r c e d k s i r e c i r p y t i u q E k s i r e c i r p t e k r a m o t e l b i t p e c s u s e r a s e i t i r u c e s y t i u q e d e t s i l n u d n a d e t s i l s ’ y n a p m o C e h T s ’ y n a p m o C e h T . s t e k r a m y t i u q e f o e c n a m r o f r e p e r u t u f t u o b a s e i t n i a t r e c n u m o r f g n i s i r a d n a s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f s a d e i f i s s a l c e r a s t n e m t s e v n i y t i u q e . e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f f o s a e u l a v r i a f n i e g n a h c e h t n o d e s a b s i s t n e m u r t s n i y t i u q e e h t r o f s i s y l a n a y t i v i t i s n e s e h T t a s t e s s a l a i c n a n i f d e n o i t n e m e r o f a e h t f o e c i r p e h t n i % 5 f o e g n a h c A . e t a d g n i t r o p e r e h t s ’ y n a p m o C e h t e s a e r c e d / e s a e r c n i d l u o c s e i n a p m o c d e t s i l f o s s o l r o t i f o r p h g u o r h t e u l a v r i a f 1 7 1 $ T N d n a n o i l l i m 2 5 2 $ T N y b 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f t i f o r p s t e s s a l a i c n a n i f d e n o i t n e m e r o f a e h t f o e c i r p e h t n i % 5 f o e g n a h c A . y l e v i t c e p s e r , n o i l l i m d l u o c s e i n a p m o c d e t s i l f o e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a 3 4 8 , 9 3 9 , 9 3 - 1 7 9 , 9 8 6 , 8 5 6 2 , 0 9 5 , 0 1 7 0 6 , 9 5 6 , 0 2 e l b a y a p s d n o B d e d n e s r a e y e h t r o f e m o c n i e v i s n e h e r p m o c r e h t o s ’ y n a p m o C e h t e s a e r c e d / e s a e r c n i t n e m e g a n a m k s i r y t i d i u q i L ) 5 ( d o i r e p g n i t r o p e r a n i e t a r t s e r e t n i f o s t n i o p s i s a b 0 1 f o e g n a h c a , s e t a d g n i t r o p e r e h t t A 242 2 1 7 , 6 4 8 , 8 3 0 0 0 , 2 1 6 8 9 , 7 9 0 , 3 1 1 3 9 , 1 3 6 , 9 1 5 9 7 , 4 0 1 , 6 s n a o l m r e t - g n o L 4 6 0 , 8 2 1 , 7 2 9 1 , 2 9 7 , 3 5 5 9 , 0 8 1 , 1 8 7 9 , 3 1 4 , 1 9 3 9 , 0 4 7 s e i t i l i b a i l e s a e L 3 1 1 , 4 1 1 , 1 2 - 6 2 8 , 5 4 4 , 8 7 8 2 , 8 6 6 , 2 1 - l a i c n a n i f r e h t O s e i t i l i b a i l 4 6 6 , 3 4 6 , 6 4 1 $ 4 9 1 , 3 0 9 , 3 $ 8 5 7 , 9 2 4 , 1 3 $ 5 5 2 , 2 0 0 , 5 4 $ 7 5 4 , 8 0 3 , 6 6 $ l a t o T 8 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T s r a e y 5 > 5 o t 4 s r a e y 3 o t 2 s r a e y n a h t s s e L r a e y 1 1 1 8 , 1 7 1 , 3 1 $ 7 4 8 , 3 9 1 , 3 2 - $ - - $ - 3 9 7 , 5 6 6 1 3 7 , 2 4 4 5 8 3 , 5 1 - $ 8 8 7 , 9 9 1 7 8 7 , 4 5 1 1 1 8 , 1 7 1 , 3 1 $ s n a o l m r e t - t r o h S s e i t i l i b a i l l a i c n a n i f e v i t a v i r e d - n o N 0 9 8 , 2 5 9 5 0 , 4 9 9 , 2 2 s e l b a y a P e e t n a r a u G s t i s o p e d 2 8 1 , 6 3 2 , 3 4 1 2 0 , 3 6 5 , 8 3 9 3 , 4 8 4 , 8 3 1 9 , 7 8 1 , 3 2 5 5 8 , 0 0 0 , 3 e l b a y a p s d n o B 7 5 6 , 9 0 0 , 7 3 9 1 7 , 5 6 7 , 4 9 4 8 , 9 0 2 , 7 1 9 2 8 , 7 9 9 , 0 1 0 6 2 , 6 3 0 , 4 s n a o l m r e t - g n o L e h t e r e h W . s e i t r a p d r i h t y h t r o w t i d e r c d n a d e v o r p p a h t i w s e d a r t y l n o y n a p m o C e h T m o r f l a r e t a l l o c t s e u q e r l l i w t i , t i d e r c s s e l e v a h h c i h w s e i t r a p d r i h t h t i w s e d a r t y n a p m o C e r a s m r e t t i d e r c n o e d a r t o t h s i w o h w s r e m o t s u c l l a t a h t y c i l o p s ’ y n a p m o C e h t s i t I . m e h t e l b a v i e c e r s t n u o c c a d n a s e t o n , n o i t i d d a n I . s e r u d e c o r p n o i t a c i f i r e v t i d e r c o t t c e j b u s t i d e r c o t e r u s o p x e s ’ y n a p m o C e h t e s a e r c e d o t s i s a b g n i o g n o n a n o d e r o t i n o m e r a s e c n a l a b t n e m e g a n a m k s i r t i d e r C ) 4 ( . y l e v i t c e p s e r , n o i l l i m 8 0 4 $ T N d n a n o i l l i m 1 7 6 $ T N y b 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D r e t n u o c s t i g n i t i m i l y b s n o i t u t i t s n i l a i c n a n i f m o r f s k s i r t i d e r c e h t s e t a g i t i m y n a p m o C . k s i r e h T t i d e r c d o o g h t i w s n o i t u t i t s n i l a i c n a n i f l a n o i t a n r e t n i r o c i t s e m o d e l b a t u p e r y l n o o t s e i t r a p s ’ y n a p m o C e h T . s n o i t u t i t s n i l a i c n a n i f s u o i r a v g n o m a s g n i d l o h s t i g n i d a e r p s d n a g n i d n a t s g n i y r r a c e h t o t d e t i m i l s i s e i t r a p - r e t n u o c f o t l u a f e d e h t m o r f g n i s i r a k s i r t i d e r c o t e r u s o p x e . s t n e m u r t s n i e s e h t f o t n u o m a s A 8 5 4 , 0 6 9 , 1 2 0 3 7 , 9 6 3 , 4 4 8 9 , 7 7 4 , 7 1 - 4 4 7 , 2 1 1 l a i c n a n i f r e h t O s r e m o t s u c n e t p o t e h t m o r f e l b a v i e c e r s t n u o c c a , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o 8 4 7 , 7 3 2 , 9 3 1 $ 1 0 2 , 1 4 1 , 8 1 $ 1 1 6 , 7 8 1 , 3 4 $ 7 1 3 , 0 4 5 , 4 3 $ 9 1 6 , 8 6 3 , 3 4 $ l a t o T . t n a c i f i n g i s n i s i e l b a v i e c e r s t n u o c c a r e h t o f o k s i r n o i t a r t n e c n o c t i d e r c e h T s e i t i l i b a i l . y l e v i t c e p s e r , y n a p m o C e h t f o e l b a v i e c e r s t n u o c c a l a t o t e h t f o % 4 5 d n a % 4 4 t n e s e r p e r United Microelectronics Corporation | Annual Report 2019 , s i s a b g n i r r u c e r a n o s t n e m e t a t s l a i c n a n i f e h t n i d e z i n g o c e r e r a t a h t s e i t i l i b a i l d n a s t e s s a r o F y h c r a r e i h e h t n i s l e v e l n e e w t e b d e r r u c c o e v a h s r e f s n a r t r e h t e h w s e n i m r e t e d y n a p m o C e h t r i a f e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t n o d e s a b ( n o i t a z i r o g e t a c g n i s s e s s a - e r y b . d o i r e p g n i t r o p e r h c a e f o d n e e h t t a ) e l o h w a s a t n e m e r u s a e m e u l a v : s i s a b g n i r r u c e r a n o e u l a v r i a f t a d e d r o c e r d n a d e r u s a e m s e i t i l i b a i l d n a s t e s s A . a 9 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T 3 l e v e L 2 l e v e L 1 l e v e L 4 9 7 , 2 2 7 $ 8 1 3 , 4 5 $ - $ 6 7 4 , 8 6 6 $ e u l a v r i a f t a s t e s s a l a i c n a n i F 9 7 6 , 8 9 2 , 3 1 7 9 3 , 1 2 2 , 8 5 5 2 , 0 4 3 7 2 0 , 7 3 7 , 4 e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t : s t e s s a l a i c n a n i F , s s o l r o t i f o r p h g u o r h t t n e r r u c n o n g n i s i r a k s i r e t a r e g n a h c x e e h t g n i g d e h r o f s t c a r t n o c e g n a h c x e d r a w r o f o t n i d e r e t n e C M U f o s l i a t e d e h T . y c n e r r u c n g i e r o f n i d e t a n i m o n e d s e i t i l i b a i l r o s t e s s a y r a t e n o m t e n e h t m o r f : s w o l l o f s a d e z i r a m m u s e r a C M U y b o t n i d e r e t n e s t c a r t n o c e g n a h c x e d r a w r o f t n e m e g a n a m k s i r y c n e r r u c n g i e r o F ) 6 ( 9 1 0 2 , 1 3 r e b m e c e D f o s A 8 1 0 2 , 1 3 r e b m e c e D f o s A . e n o N d o i r e P t c a r t n o C t n u o m A l a n o i t o N e p y T 9 1 0 2 , 7 y r a u n a J ~ 8 1 0 2 , 0 1 r e b m e c e D n o i l l i m 8 2 D S U l l e S s t c a r t n o c e g n a h c x e d r a w r o F 2 3 2 , 3 2 7 , 4 1 4 2 9 , 5 0 3 , 1 - 8 0 3 , 7 1 4 , 3 1 e u l a v r i a f t a s t e s s a l a i c n a n i F s t n e m u r t s n i l a i c n a n i f f o e u l a v r i a F ) 7 ( 8 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T 3 l e v e L 2 l e v e L 1 l e v e L 0 5 4 , 8 2 5 $ - $ 9 6 9 , 4 3 $ 1 8 4 , 3 9 4 $ e u l a v r i a f t a s t e s s a l a i c n a n i F 7 4 8 , 5 5 5 , 1 1 7 0 0 , 9 9 8 , 7 7 9 5 , 4 4 3 4 2 , 2 1 6 , 3 e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t : s t e s s a l a i c n a n i F 7 7 4 , 5 8 5 , 1 1 0 0 2 , 9 1 4 , 3 - 7 7 2 , 6 6 1 , 8 e u l a v r i a f t a s t e s s a l a i c n a n i F , s s o l r o t i f o r p h g u o r h t t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t t n e r r u c n o n t a s t e s s a l a i c n a n i f d n a s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f f o s e u l a v r i a F e r a 1 l e v e l o t n i d e z i r o g e t a c e r a t a h t e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f e h t , t e k r a m e v i t c a o n s i e r e h t f I . s t e k r a m e v i t c a n i s e c i r p t e k r a m d e t o u q e h t n o d e s a b h c a o r p p a e m o c n i ( s e u q i n h c e t n o i t a u l a v e h t g n i s u y b e u l a v r i a f e h t s e t a m i t s e y n a p m o C g n i s i a r d n u f t n e c e r , t s a c e r o f w o l f h s a c f o n o i t a r e d i s n o c n i ) h c a o r p p a t e k r a m d n a t e k r a m , t n e m p o l e v e d s ’ y n a p m o c l a u d i v i d n i , s e i n a p m o c r a l i m i s f o n o i t a u l a v , s e i t i v i t c a r o e l a s e h t n o s n o i t c i r t s e r e r a e r e h t f I . s r o t a c i d n i c i m o n o c e r e h t o d n a s n o i t i d n o c e h t f o e u l a v r i a f e h t , t e s s a e h t f o c i t s i r e t c a r a h c a e r a h c i h w , t e s s a l a i c n a n i f a f o r e f s n a r t d e t o u q ’ s t e s s a l a i c n a n i f d e t c i r t s e r n u t u b r a l i m i s n o d e s a b d e n i m r e t e d e b l l i w t e s s a f i , s e u l a v r i a f e r u s a e m o T . s n o i t c i r t s e r e h t r o f s t n u o c s i d e t a i r p o r p p a h t i w e c i r p t e k r a m r o y l t c e r i d s i t n e m e r u s a e m e u l a v r i a f e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t e u l a v r i a f e h t f o 2 l e v e L s a d e i f i s s a l c e r a s t e s s a l a i c n a n i f e h t n e h t , e l b a v r e s b o y l t c e r i d n i . 3 l e v e L s a e s i w r e h t o , y h c r a r e i h , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t t n e r r u c n o n n i y t i l i b a i l a r e f s n a r t o t d i a p r o t e s s a n a l l e s o t d e v i e c e r e b d l u o w t a h t e c i r p e h t s i e u l a v r i a F r i a f e h T . e t a d t n e m e r u s a e m e h t t a s t n a p i c i t r a p t e k r a m n e e w t e b n o i t c a s n a r t y l r e d r o n a r o t e s s a e h t l l e s o t n o i t c a s n a r t e h t t a h t n o i t p m u s e r p e h t n o d e s a b s i t n e m e r u s a e m e u l a v n i r o , y t i l i b a i l r o t e s s a e h t r o f t e k r a m l a p i c n i r p e h t n i r e h t i e e c a l p s e k a t y t i l i b a i l e h t r e f s n a r t . y t i l i b a i l r o t e s s a e h t r o f t e k r a m s u o e g a t n a v d a t s o m e h t n i , t e k r a m l a p i c n i r p a f o e c n e s b a e h t . y n a p m o C e h t y b e l b i s s e c c a e b t s u m t e k r a m s u o e g a t n a v d a t s o m e h t r o l a p i c n i r p e h T t e k r a m t a h t s n o i t p m u s s a e h t g n i s u d e r u s a e m s i y t i l i b a i l a r o t e s s a n a f o e u l a v r i a f e h T s t n a p i c i t r a p t e k r a m t a h t g n i m u s s a , y t i l i b a i l r o t e s s a e h t g n i c i r p n e h w e s u d l u o w s t n a p i c i t r a p . t s e r e t n i t s e b c i m o n o c e r i e h t n i t c a s ’ t n a p i c i t r a p t e k r a m a t n u o c c a o t n i s e k a t t e s s a l a i c n a n i f - n o n a f o t n e m e r u s a e m e u l a v r i a f A y b r o e s u t s e b d n a t s e h g i h s t i n i t e s s a e h t g n i s u y b s t i f e n e b c i m o n o c e e t a r e n e g o t y t i l i b a . e s u t s e b d n a t s e h g i h s t i n i t e s s a e h t e s u d l u o w t a h t t n a p i c i t r a p t e k r a m r e h t o n a o t t i g n i l l e s r o f d n a s e c n a t s m u c r i c e h t n i e t a i r p o r p p a e r a t a h t s e u q i n h c e t n o i t a u l a v s e s u y n a p m o C e h T t n a v e l e r f o e s u e h t g n i z i m i x a m , e u l a v r i a f e r u s a e m o t e l b a l i a v a e r a a t a d t n e i c i f f u s h c i h w . s t u p n i e l b a v r e s b o n u f o e s u e h t g n i z i m i n i m d n a s t u p n i e l b a v r e s b o l a i c n a n i f e h t n i d e s o l c s i d r o d e r u s a e m s i e u l a v r i a f h c i h w r o f s e i t i l i b a i l d n a s t e s s a l l A n o d e s a b , s w o l l o f s a d e b i r c s e d , y h c r a r e i h e u l a v r i a f e h t n i h t i w d e z i r o g e t a c e r a s t n e m e t a t s : e l o h w a s a t n e m e r u s a e m e u l a v r i a f e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t r o s t e s s a l a c i t n e d i r o f s t e k r a m e v i t c a n i s e c i r p t e k r a m ) d e t s u j d a n u ( d e t o u Q — 1 ; s e i t i l i b a i l l e v e L e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t h c i h w r o f s e u q i n h c e t n o i t a u l a V — 2 l e v e L e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t h c i h w r o f s e u q i n h c e t n o i t a u l a V — 3 l e v e L ; e l b a v r e s b o y l t c e r i d n i r o y l t c e r i d s i t n e m e r u s a e m e u l a v r i a f . e l b a v r e s b o n u s i t n e m e r u s a e m e u l a v r i a f 243 Financial Review e u l a v r i a f d n a s t u p n i e u l a v r i a f d n a n o i t a m r o f n i s t u p n i e u q i n h c e t s e i t i r u c e s ) 0 2 8 , 4 6 1 ( ) 0 0 3 , 9 4 ( ) 0 2 5 , 5 1 1 ( - ) s s o l ( t i f o r p s ’ y n a p m o C y b 9 1 0 2 , 1 3 r e b m e c e D d n a n o i l l i m 7 6 2 $ T N d e d n e r a e y e h t r o f e m o c n i e v i s n e h e r p m o c r e h t O . y l e v i t c e p s e r , n o i l l i m 1 9 1 $ T N , 1 3 r e b m e c e D d e d n e r a e y e h t r o f ) s s o l ( 7 8 $ T N y b 9 1 0 2 . n o i l l i m r i a f d e n o i t n e m e r o f a e h t r e w o l e h t d e t s i l n u f o s e u l a v r i a f d e t a m i t s e d l u o c s k c o t s s i e u l a v e h t e s a e r c n i / e s a e r c e d . d e n i m r e t e d e h t f o y t i l i b a t e k r a m y, t i l i b a t e k r a m f o y t i l i b a t e k r a m n e e w t e b p i h s n o i t a l e r r e t n i s t u p n i n e e w t e b e v i t a t i t n a u Q e l b a v r e s b o n u n o i t a u l a V y t i u q e e u l a v r i a f d n a s t u p n i e u l a v r i a f d n a n o i t a m r o f n i s t u p n i e u q i n h c e t s e i t i r u c e s f o s i s y l a n a y t i v i t i s n e S p i h s n o i t a l e r r e t n I t n a c i f i n g i S f o y r o g e t a C f o k c a l r o f t n u o c s i d k c a l f o e e r g e d f o k c a l h c a o r p p A k c o t s e h t n i % 5 f o e g n a h c A r e t a e r g e h T % 0 5 ~ % 0 r o f t n u o c s i D t e k r a M d e t s i l n U n e e w t e b p i h s n o i t a l e r r e t n i s t u p n i n e e w t e b e v i t a t i t n a u Q e l b a v r e s b o n u n o i t a u l a V y t i u q e f o s i s y l a n a y t i v i t i s n e S p i h s n o i t a l e r r e t n I t n a c i f i n g i S f o y r o g e t a C 8 1 0 2 , 1 3 r e b m e c e D f o s A ) s s o l ( t i f o r p s ’ y n a p m o C r e h t o d n a e m o c n i e v i s n e h e r p m o c , 1 3 r e b m e c e D d e d n e r a e y e h t r o f ) s s o l ( 9 0 3 $ T N y b 8 1 0 2 1 4 2 $ T N y b d n a n o i l l i m . y l e v i t c e p s e r , n o i l l i m r i a f d e n o i t n e m e r o f a e h t r e w o l e h t d e t s i l n u f o s e u l a v r i a f d e t a m i t s e d l u o c s k c o t s s i e u l a v e h t e s a e r c n i / e s a e r c e d . d e n i m r e t e d e h t f o y t i l i b a t e k r a m y, t i l i b a t e k r a m f o y t i l i b a t e k r a m f o k c a l r o f t n u o c s i d k c a l f o e e r g e d f o k c a l h c a o r p p A k c o t s e h t n i % 5 f o e g n a h c A r e t a e r g e h T % 0 5 ~ % 5 1 r o f t n u o c s i D t e k r a M d e t s i l n U h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e m o c n i e v i s n e h e r p m o c r e h t o s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F l a t o T k c o t s k c o t s l a t o T s d n o b s d n u F k c o t s k c o t s d e r r e f e r P n o m m o C e l b i t r e v n o C d e r r e f e r P n o m m o C 0 0 2 9 1 4 , , 3 $ 6 2 0 , 4 8 1 $ 4 7 1 , 5 3 2 3 $ , 7 0 0 , 9 9 8 7 $ , - $ 8 8 7 , 9 4 8 , 1 $ 8 2 5 , 1 7 9 , 2 $ 1 9 6 , 7 7 0 , 3 $ 9 1 0 2 , 1 y r a u n a J f o s A 2 1 7 0 9 1 , ) 2 3 5 , 8 ( 4 4 2 , 9 9 1 - - - - ) 1 3 1 , 7 ( - 5 4 1 , 6 ) 4 2 0 , 4 1 ( 7 4 0 , 3 7 2 ) 9 9 2 , 2 7 2 ( ) s s o l ( t i f o r p n i d e z i n g o c e R - - - r e h t o n i d e z i n g o c e R - - - - - ) 8 8 9 , 3 0 3 , 2 ( - - - - - - - 4 0 4 , 2 1 8 6 5 9 , 1 5 2 8 0 , 4 0 2 0 9 8 , 6 9 3 6 7 4 , 9 5 1 ) 8 8 9 , 3 0 3 , 2 ( , ) 6 4 8 9 2 3 ( - - - - ) 4 5 9 , 4 1 ( 6 0 7 , 9 4 ) 0 0 3 , 3 5 ( ) 1 7 1 , 0 8 ( - - - 6 0 7 , 9 4 - - - - ) 1 7 3 , 8 2 3 ( ) 5 7 4 , 1 ( - ) 4 5 9 , 4 1 ( ) 0 0 3 , 3 5 ( ) 1 5 4 , 4 1 ( ) 9 9 0 , 3 ( ) 1 2 8 , 8 2 ( ) 0 0 8 , 3 3 ( h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e m o c n i e v i s n e h e r p m o c r e h t o s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F l a t o T k c o t s k c o t s l a t o T n o i t p O s d n u F k c o t s k c o t s d e r r e f e r P n o m m o C d e r r e f e r P n o m m o C 4 2 9 5 0 3 , , 1 $ 4 9 4 , 5 7 1 $ 0 3 4 , 0 3 1 1 $ , 5 1 7 , 5 7 2 8 $ , 8 0 7 , 4 0 1 $ 5 2 0 , 1 1 0 , 2 $ 4 9 2 , 9 7 2 , 3 $ 8 8 6 , 0 8 8 , 2 $ 9 1 0 2 0 2 0 4 8 5 , , 3 $ 6 2 3 , 3 3 2 $ 4 9 6 0 5 3 , , 3 $ 6 7 3 , 2 4 0 8 $ , 5 0 6 , 1 3 $ 0 4 9 , 3 8 1 , 1 $ 4 9 2 , 4 9 9 , 2 $ 7 3 5 , 2 3 8 , 3 $ 8 1 0 2 , 1 y r a u n a J f o s A - 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$ 8 8 7 , 9 4 8 , 1 $ 8 2 5 , 1 7 9 , 2 $ 1 9 6 , 7 7 0 , 3 $ 8 1 0 2 - - - - - - e m o c n i e v i s n e h e r p m o c 3 l e v e L f o t u o r e f s n a r T , 1 3 r e b m e c e D f o s A t c e f f e e g n a h c x E l a t i p a c f o n r u t e R 3 l e v e L o t r e f s n a r T ) s s o l ( n o i t i s i u q c A l a s o p s i D e u l a v r i a f 3 l e v e L n i t n e m e r u s a e m e u l a v r i a f f o s t u p n i e l b a v r e s b o n u t n a c i f i n g i S t n a c i f i n g i s o n e r e w e r e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t g n i r u D 244 : w o l l o f s a e r e w y h c r a r e i h . s t n e m e r u s a e m e u l a v r i a f 2 l e v e L d n a 1 l e v e L n e e w t e b s r e f s n a r t 9 1 0 2 , 1 3 r e b m e c e D f o s A s a e r e w y h c r a r e i h e u l a v r i a f 3 l e v e L n i t n e m e r u s a e m e u l a v r i a f r o f s n o i t a i l i c n o c e R : s w o l l o f United Microelectronics Corporation | Annual Report 2019 , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 ) d n a s u o h t ( e t a R ) d n a s u o h t ( ) d n a s u o h t ( e t a R ) d n a s u o h t ( D T N e g n a h c x E y c n e r r u C D T N e g n a h c x E y c n e r r u C n g i e r o F n g i e r o F 5 7 7 , 7 1 1 , 7 4 $ 7 6 . 0 3 3 8 2 , 6 3 5 , 1 $ 1 7 1 , 2 2 8 , 0 5 $ 3 0 . 0 3 0 8 3 , 2 9 6 , 1 $ 2 5 3 , 5 1 5 , 5 4 6 7 2 . 0 0 4 2 , 4 5 9 , 9 1 3 9 9 , 3 2 1 , 8 1 5 7 2 . 0 3 5 0 , 1 3 5 , 9 2 0 5 4 , 3 9 7 1 2 , 9 6 7 1 0 . 5 3 1 4 . 2 2 9 6 6 , 2 5 2 3 , 4 3 6 6 2 , 7 2 1 0 7 8 , 4 7 4 , 1 4 5 . 3 3 8 2 . 2 2 5 9 7 , 3 7 9 1 , 6 6 0 0 8 , 4 8 1 , 8 1 5 4 . 4 9 2 2 , 9 8 0 , 4 8 9 8 , 7 0 6 , 2 2 0 3 . 4 6 4 5 , 2 6 2 , 5 8 2 5 , 8 9 5 , 6 7 6 . 0 3 6 4 1 , 5 1 2 8 9 0 , 1 8 1 , 7 3 0 . 0 3 1 3 1 , 9 3 2 5 7 0 , 0 4 3 , 2 4 6 7 2 . 0 3 6 2 , 6 6 4 , 8 8 0 4 , 1 2 1 1 5 7 2 . 0 2 2 3 , 1 4 4 5 2 0 , 4 8 1 2 5 1 , 0 2 2 1 4 . 2 2 5 4 . 4 2 1 2 , 8 6 0 5 , 9 4 4 9 4 , 5 7 1 7 3 5 , 5 6 1 8 2 . 2 2 0 3 . 4 7 7 8 , 7 3 3 5 , 8 3 0 8 8 , 5 8 4 7 7 6 , 5 9 8 1 4 . 5 3 9 5 . 2 2 1 2 7 , 3 1 0 5 6 , 9 3 3 9 1 , 0 6 1 7 0 5 , 8 4 8 , 1 4 9 . 3 3 6 4 . 2 2 0 2 7 , 4 3 0 3 , 2 8 6 2 6 , 9 2 9 , 9 7 7 . 0 3 5 0 7 , 2 2 3 2 1 7 , 3 1 4 , 9 3 1 . 0 3 7 3 4 , 2 1 3 8 7 9 , 6 8 0 , 1 5 0 8 2 . 0 4 4 1 , 5 7 8 , 3 8 9 5 , 1 0 0 , 6 2 9 7 2 . 0 4 9 6 , 5 9 4 , 1 2 7 9 4 , 3 5 4 , 4 6 0 5 . 4 4 5 5 , 2 3 3 , 4 1 0 9 3 , 2 9 3 , 4 6 5 3 . 4 3 7 4 , 6 1 8 , 4 1 2 9 9 , 5 3 6 6 1 1 , 9 3 3 3 1 , 8 3 7 4 , 4 5 0 2 ) 2 1 9 , 4 4 0 , 1 ( ) 9 1 3 , 4 7 3 ( 8 0 2 , 6 1 6 0 , 8 6 5 1 8 6 , 1 ) 0 3 5 , 2 2 ( ) 5 2 7 , 7 1 4 ( s t e s s A l a i c n a n i F s m e t i y r a t e n o M D S U Y P J R U E D G S B M R s m e t i y r a t e n o M - n o N D S U Y P J D G S B M R s e i t i l i b a i L l a i c n a n i F s m e t i y r a t e n o M D S U Y P J R U E D G S B M R n i a g e g n a h c x e e h T m o r f s s o l r o l a i c n a n i f y r a t e n o m s e i t i l i b a i l d n a s t e s s a D S U Y P J R U E D G S B M R r e h t O n o i t a u l a v a g n i s u r o e c i r p t e k r a m e h t y b d e t a m i t s e s i e l b a y a p s d n o b f o e u l a v r i a f e h T , e c i r p e r a h s g n i d u l c n i s t u p n i e l b a v r e s b o d e s a b - t e k r a m s e s u l e d o m e h T . l e d o m s i s n a o l m r e t - g n o l f o e u l a v r i a f e h T . s e t a r t s e r e t n i e e r f - k s i r d n a d a e r p s t i d e r c , y t i l i t a l o v t n e r r u c s ’ y n a p m o C e h t n o d e s a b , l e d o m w o l f h s a c d e t n u o c s i d g n i s u d e n i m r e t e d . s n a o l r a l i m i s f o s e t a r g n i w o r r o b l a t n e m e r c n i d n a h s a c g n i d u l c n i s t n e m u r t s n i l a i c n a n i f m r e t - t r o h s s ’ y n a p m o C e h t f o s e u l a v r i a f e h T , t n e r r u c - s t e s s a l a i c n a n i f r e h t o , s t i s o p e d e l b a d n u f e r , s e l b a v i e c e r , s t n e l a v i u q e h s a c t n u o m a g n i y r r a c r i e h t e t a m i x o r p p a s t i s o p e d e e t n a r a u g d n a s e l b a y a p , s n a o l m r e t - t r o h s . r a e y e n o n i h t i w s e i t i r u t a m r i e h t o t e u d 9 1 0 2 , 1 3 r e b m e c e D f o s A g n i y r r a C g n i r u d s t n e m e r u s a e m e u l a v r i a F g n i s u d o i r e p g n i t r o p e r t n u o m a 3 l e v e L 2 l e v e L 1 l e v e L e u l a v r i a F s m e t I 6 1 4 , 1 8 7 8 3 $ , - $ , 3 7 8 4 2 2 , 8 1 $ 7 4 0 , 7 4 3 , 1 2 $ 0 2 9 , 1 7 5 , 9 3 $ t n e r r u c ( s e l b a y a p s d n o B 4 7 0 , 2 0 9 3 3 , - 4 7 0 , 2 0 9 , 3 3 - 4 7 0 , 2 0 9 , 3 3 t n e r r u c ( s n a o l m r e t - g n o L ) d e d u l c n i n o i t r o p 8 1 0 2 , 1 3 r e b m e c e D f o s A ) d e d u l c n i n o i t r o p g n i y r r a C g n i r u d s t n e m e r u s a e m e u l a v r i a F g n i s u d o i r e p g n i t r o p e r t n u o m a 3 l e v e L 2 l e v e L 1 l e v e L e u l a v r i a F s m e t I 2 8 1 , 8 7 3 1 4 $ , - $ , 9 4 3 5 8 7 , 7 1 $ 9 1 0 , 9 2 9 , 3 2 $ 8 6 3 , 4 1 7 , 1 4 $ t n e r r u c ( s e l b a y a p s d n o B 5 1 2 , 6 2 8 0 3 , - 5 1 2 , 6 2 8 , 0 3 - 5 1 2 , 6 2 8 , 0 3 t n e r r u c ( s n a o l m r e t - g n o L ) d e d u l c n i n o i t r o p ) d e d u l c n i n o i t r o p 245 s e i c n e r r u c n g i e r o f n i d e t a n i m o n e d s e i t i l i b a i l d n a s t e s s a l a i c n a n i f t n a c i f i n g i S ) 8 ( : d e s o l c s i d s i e u l a v r i a f h c i h w r o f t u b e u l a v r i a f t a d e d r o c e r t o n s e i t i l i b a i l d n a s t e s s A . b Financial Review o t r e f e r e s a e l P : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f s r e h t o o t d e d i v o r p g n i c n a n i F . a . 2 t n e m h c a t t A : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f s r e h t o o t d e d i v o r p e e t n a r a u G / t n e m e s r o d n E . 3 t n e m h c a t t A o t r e f e r e s a e l P t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x e ( 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S . 4 t n e m h c a t t A o t r e f e r e s a e l P : ) e r u t n e v e h t g n i d e e c x e t n u o m a d e t a l u m u c c a h t i w f o d e s o p s i d r o d e r i u q c a s e i t i r u c e s l a u d i v i d n I r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m 0 0 3 $ T N f o r e w o l . 5 t n e m h c a t t A o t r e f e r e s a e l P : 9 1 0 2 , 1 3 0 0 3 $ T N f o r e w o l e h t g n i d e e c x e t n u o m a h t i w e t a t s e l a e r l a u d i v i d n i f o n o i t i s i u q c A e s a e l P : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m . b . c . d . e : u a e r u B s e r u t u F d n a s e i t i r u c e S . . . C O R e h t s n i a t n i a m t i t a h t e r u s n e o t s i t n e m e g a n a m l a t i p a c s ’ y n a p m o C e h t f o e v i t c e j b o y r a m i r p e h T e h t e z i m i x a m d n a s s e n i s u b s t i t r o p p u s o t s o i t a r l a t i p a c y h t l a e h d n a g n i t a r t i d e r c g n o r t s a o t y l s u o u n i t n o c e t a r e p o o t y t i l i b a s t i s e r u s n e o s l a y n a p m o C e h T . e u l a v ’ s r e d l o h k c o t s g n i n i a t n i a m e l i h w , s e i t r a p d e t a l e r r e h t o f o s t s e r e t n i e h t d n a s r e d l o h k c o t s o t s n r u t e r e d i v o r p . l a t i p a c f o s t s o c e c u d e r o t e r u t c u r t s l a t i p a c l a m i t p o e h t t n e m y a p d n e d i v i d e h t t s u j d a y a m y n a p m o C e h t , e r u t c u r t s l a t i p a c e h t t s u j d a r o n i a t n i a m o T m e e d e r o t s t e s s a e s o p s i d r o s e r a h s w e n e u s s i , s r e d l o h k c o t s o t l a t i p a c n r u t e r , s r e d l o h k c o t s o t . s e i t i l i b a i l t n e m e g a n a m l a t i p a C ) 0 1 ( r a l i m S i o t r e f e r e s a e l P : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m 0 0 3 $ T N f o r e w o l e h t g n i d e e c x e t n u o m a h t i w e t a t s e l a e r l a u d i v i d n i f o l a s o p s i D . f s i t b e d t e n e h T . l a t i p a c l a t o t s t i y b d e d i v i d t b e d t e n s ’ y n a p m o C e h t s a d e t a l u c l a c s i o i t a r d n a h s a c s u n i m s t e e h s e c n a l a b d e t a d i l o s n o c e h t n o s e i t i l i b a i l l a t o t e h t g n i k a t y b d e v i r e d . 7 t n e m h c a t t A l a n o i t i d d a , l a t i p a c g n i d u l c n i ( y t i u q e l a t o t f o s t s i s n o c l a t i p a c l a t o t e h T . s t n e l a v i u q e h s a c f o r e w o l e h t g n i d e e c x e s t n u o m a s e l a s d n a s e s a h c r u p r o f s n o i t c a s n a r t y t r a p d e t a l e R , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m 0 0 1 $ T N . 8 t n e m h c a t t A o t r e f e r e s a e l P : 9 1 0 2 n o i l l i m 0 0 1 $ T N f o r e w o l e h t g n i d e e c x e s t n u o m a h t i w s e i t r a p d e t a l e r m o r f s e l b a v i e c e R . 9 t n e m h c a t t A o t r e f e r e s a e l P : 9 1 0 2 , 1 3 r e b m e c e D f o s a k c o t s l a t i p a c f o t n e c r e p 0 2 r o . g . h 9 1 0 2 , 1 3 r e b m e c e D f o s a s e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N . i . 0 1 t n e m h c a t t A o t r e f e r e s a e l P : ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c x e ( e m o c n i t e n , n a w i a T m o r f s t n e m t s e v n i f o w o l f t u o d n a w o l f n i d e t a l u m u c c a , t n e m t s e v n i f o , ) s s o l ( e m o c n i t n e m t s e v n i , p i h s r e n w o f o e g a t n e c r e p , y n a p m o c e e t s e v n i f o ) s s o l ( n o s t i m i l d n a s g n i n r a e f o e c n a t t i m e r d r a w n i d e t a l u m u c , s t n e m t s e v n i f o t n u o m a g n i y r r a c d o h t e m , l a t i p a c f o t n u o m a l a t o t , s t c u d o r p d n a s e s s e n i s u b n i a m , e m a n y n a p m o c e e t s e v n I . a . 1 1 t n e m h c a t t A o t r e f e r e s a e l P : a n i h C d n a l n i a M n i t n e m t s e v n i . 2 1 e t o N o t r e f e r e s a e l P : s n o i t c a s n a r t e v i t a v i r e d d n a s t n e m u r t s n i l a i c n a n i F . j a n i h C d n a l n i a M n i t n e m t s e v n I ) 2 ( g n i l l o r t n o c - n o n d n a y t i u q e f o s t n e n o p m o c r e h t o , s g n i n r a e d e n i a t e r , l a t i p a c n i - d i a p . t b e d t e n s u l p ) s t s e r e t n i a n i a t n i a m o t s i , s d o i r e p g n i t r o p e r e h t r o f d e g n a h c n u s i h c i h w , y g e t a r t s s ’ y n a p m o C e h T s a s o i t a r l a t i p a c o t t b e d e h T . t s o c e l b a n o s a e r h t i w l a t i p a c e s i a r o t r e d r o n i o i t a r e l b a n o s a e r : s w o l l o f s a e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 ) 9 3 7 , 1 6 6 , 3 8 ( ) 7 7 4 , 2 9 4 , 5 9 ( 5 1 4 , 8 6 0 , 8 5 1 $ 3 4 9 , 2 7 9 , 2 6 1 $ 6 7 6 , 6 0 4 , 4 7 6 6 4 , 0 8 4 , 7 6 1 9 4 , 6 3 5 , 6 0 2 2 2 4 , 4 1 2 , 7 0 2 7 6 1 , 3 4 9 , 0 8 2 $ 8 8 8 , 4 9 6 , 4 7 2 $ % 8 4 6 2 . % 7 5 4 2 . s t n e l a v i u q e h s a c d n a h s a C : s s e L s e i t i l i b a i l l a t o T s o i t a r l a t i p a c o t t b e D y t i u q e l a t o T l a t i p a c l a t o T t b e d t e N . 6 t n e m h c a t t A o t r e f e r e h T . o i t a r l a t i p a c o t t b e d n o d e s a b l a t i p a c s t i s r o t i n o m y n a p m o C e h t , s r e e p s t i o t y b d e r i u q e r s a s e t a i l i f f a s t i d n a y n a p m o C e h t r o f s e r u s o l c s i d l a n o i t i d d a e r a g n i w o l l o f e h T ) 1 ( S E R U S O L C S I D L A N O I T I D D A . 3 1 d e d n e s r a e y e h t r o f s e i t i t n e d e t a d i l o s n o c g n o m a s n o i t c a s n a r t y n a p m o c r e t n i t n a c i f i n g i S ) 9 ( 246 . 1 t n e m h c a t t A n i d e s o l c s i d e r a 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D United Microelectronics Corporation | Annual Report 2019 d e t a d i l o s n o C n o i t a n i m i l E l a t o t b u S s s e n i s u B w e N n o i t a c i r b a F 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F d n a t n e m t s u j d A r e f a W 1 7 5 , 2 5 2 , 1 5 1 $ - $ 1 7 5 , 2 5 2 , 1 5 1 $ 9 3 6 , 8 2 2 $ 2 3 9 , 3 2 0 , 1 5 1 $ m o r f s e u n e v e r g n i t a r e p O - ) 0 9 2 , 9 1 ( 0 9 2 , 9 1 0 9 2 , 9 1 - m o r f s e u n e v e r g n i t a r e p O s r e m o t s u c l a n r e t x e g n o m a s e l a s s t n e m g e s r e t n i 2 5 0 , 3 4 6 , 2 0 3 5 , 7 5 5 2 2 5 , 5 8 0 , 2 ) 9 0 8 , 2 0 6 ( 1 3 3 , 8 8 6 , 2 e m o c n i t e n t n e m g e S x a t f o t e n , ) s s o l ( 5 7 0 , 0 9 5 , 9 1 9 8 5 , 8 4 9 , 9 4 - - 5 7 0 , 0 9 5 , 9 1 5 0 3 0 7 7 , 9 8 5 , 9 1 , y t r e p o r p f o n o i t i s i u q c A t n e m p i u q e d n a t n a l p 9 8 5 , 8 4 9 , 9 4 7 4 3 , 1 7 1 2 4 2 , 7 7 7 , 9 4 n o i t a i c e r p e D ) 1 0 7 , 7 6 6 ( 0 3 5 , 7 5 5 ) 1 3 2 , 5 2 2 , 1 ( ) 5 4 2 , 3 2 ( ) 6 8 9 , 1 0 2 , 1 ( f o s s o l r o t i f o r p f o e r a h S t n i o j d n a s e t a i c o s s a s e r u t n e v n i s e e t s e v n i e h t h t i w s n o i g e r d r i h t h g u o r h t s n o i t c a s n a r t t n a c i f i n g i s y l t c e r i d n i r o y l t c e r i D r e h t o d n a , s s o l r o n i a g d e z i l a e r n u , s m r e t t n e m y a p , e c i r p g n i d u l c n i , a n i h C d n a l n i a M e s a e l P : n o i t i d n o c l a i c n a n i f d n a s t l u s e r g n i t a r e p o e h t n o s t c e f f e t n a c i f i n g i s h t i w s t n e v e . 9 d n a 8 , 3 , 2 , 1 t n e m h c a t t A o t r e f e r . b e t e r c s i d h t i w s e i t i v i t c a s s e n i s u b n o d e s a b s t n e m g e s g n i t a r e p o s t i d e n i m r e t e d y n a p m o C e h T g n i t r o p e r l a n r e t n i s ’ y n a p m o C e h t h g u o r h t d e t r o p e r y l r a l u g e r n o i t a m r o f n i l a i c n a n i f d e z i n a g r o s i y n a p m o C e h T . r e k a m n o i s i c e d g n i t a r e p o f e i h c s ’ y n a p m o C e h t o t s l o c o t o r p e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A . s e c i v r e s d n a s t c u d o r p s t i n o d e s a b s t i n u s s e n i s u b o t n i e h T . s s e n i s u b w e n d n a n o i t a c i r b a f r e f a w : s t n e m g e s g n i w o l l o f e h t d a h y n a p m o C s e i c i l o p g n i t n u o c c a e h t o t g n i d r o c c a d e r a p e r p s a w n o i t a m r o f n i t n e m g e s g n i t a r e p o s i t n e m g e s n o i t a c i r b a f r e f a w e h t f o y t i v i t c a g n i t a r e p o y r a m i r p e h T . 4 e t o N n i d e b i r c s e d n w o r u o g n i s u y b s r e m o t s u c r u o f o s n o i t a c i f i c e p s n g i s e d e h t o t s p i h c f o e r u t c a f u n a m e h t r e m o t s u c d e i f i s r e v i d a s n i a t n i a m y n a p m o C e h T . s e u q i n h c e t d n a s e s s e c o r p y r a t e i r p o r p y r o m e m , r e t u p m o c , s c i n o r t c e l e r e m u s n o c , n o i t a c i n u m m o c g n i d u l c n i , s e i r t s u d n i s s o r c a e s a b e m u l o v e g r a l , h t w o r g h g i h r o f g n i r u t c a f u n a m n o s u c o f o t g n i u n i t n o c e l i h w , s r e h t o d n a d n a s C P , a i d e m i t l u m , t e n r e t n i , s n o i t a c i n u m m o c e l e t , g n i k r o w t e n g n i d u l c n i , s n o i t a c i l p p a , g n i p o l e v e d , g n i h c r a e s e r s e d u l c n i y l i r a m i r p t n e m g e s s s e n i s u b w e N . s c i h p a r g . y g r e n e r a l o s g n i d i v o r p d n a , g n i r u t c a f u n a m ) 1 ( N O I T A M R O F N I T N E M G E S G N I T A R E P O . 4 1 ) 3 5 6 , 8 5 4 ( - ) 3 5 6 , 8 5 4 ( ) 5 9 5 , 2 ( ) 8 5 0 , 6 5 4 ( e s n e p x e x a t e m o c n I ) t i f e n e b ( s a e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f n o i t a m r o f n i t n e m g e s e l b a t r o p e R : s w o l l o f d n a t n e m t s u j d A n o i t a n i m i l E 9 1 0 2 , 1 3 r e b m e c e D f o s A r e f a W d e t a d i l o s n o C ) e t o N ( l a t o t b u S s s e n i s u B w e N n o i t a c i r b a F 5 6 3 , 7 8 1 , 0 7 3 $ 3 3 2 , 3 7 $ 2 3 1 , 4 1 1 , 0 7 3 $ 9 4 1 , 4 2 9 $ 3 8 9 , 9 8 1 , 9 6 3 $ s t e s s a t n e m g e S 3 4 9 , 2 7 9 , 2 6 1 $ ) 5 0 9 , 0 4 1 ( $ 8 4 8 , 3 1 1 , 3 6 1 $ 8 7 8 , 7 5 1 , 1 $ 0 7 9 , 5 5 9 , 1 6 1 $ s e i t i l i b a i l t n e m g e S d n a t n e m t s u j d A n o i t a n i m i l E 8 1 0 2 , 1 3 r e b m e c e D f o s A r e f a W d e t a d i l o s n o C ) e t o N ( l a t o t b u S s s e n i s u B w e N n o i t a c i r b a F 6 0 9 , 4 0 6 , 4 6 3 $ ) 2 0 5 , 7 8 1 ( $ 8 0 4 , 2 9 7 , 4 6 3 $ 8 6 3 , 3 6 2 , 1 $ 0 4 0 , 9 2 5 , 3 6 3 $ s t e s s a t n e m g e S 5 1 4 , 8 6 0 , 8 5 1 $ ) 1 6 3 ( $ 6 7 7 , 8 6 0 , 8 5 1 $ 2 2 7 , 8 6 0 , 1 $ 4 5 0 , 0 0 0 , 7 5 1 $ s e i t i l i b a i l t n e m g e S s ’ t n e m g e s n o i t a c i r b a f r e f a w r o f s e i r t n e n o i t a n i m i l e f o d e t s i s n o c y l i r a m i r p t n e m t s u j d a e h T . d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s a w t a h t t n e m g e s s s e n i s u b w e n n i s t n e m t s e v n i : e t o N ) 0 3 1 3 9 3 ( , 4 3 1 8 1 1 , - - 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F d e t a d i l o s n o C n o i t a n i m i l E l a t o t b u S s s e n i s u B w e N n o i t a c i r b a F d n a t n e m t s u j d A r e f a W , 1 4 6 1 0 2 8 4 1 $ , , 7 6 7 8 2 1 6 , , 3 8 4 8 1 5 6 1 , , 3 9 5 3 4 4 2 , 8 8 4 3 3 6 , 1 8 8 2 7 1 , , 7 4 5 9 4 7 4 1 , , 1 - - - - - $ 1 4 6 , 1 0 2 , 8 4 1 $ 5 3 3 , 8 7 $ 6 0 3 , 3 2 1 , 8 4 1 $ m o r f s e u n e v e r g n i t a r e p O 1 5 4 , 4 1 4 6 1 3 , 4 1 7 , 5 ) 5 6 3 , 2 4 4 ( 1 8 6 , 6 5 1 , 6 e m o c n i t e n t n e m g e S s r e m o t s u c l a n r e t x e , 3 8 4 8 1 5 , 6 1 , 3 9 5 3 4 4 , 2 - - 3 8 4 , 8 1 5 , 6 1 , y t r e p o r p f o n o i t i s i u q c A 3 9 5 , 3 4 4 , 2 e l b i g n a t n i f o n o i t i s i u q c A t n e m p i u q e d n a t n a l p x a t f o t e n , ) s s o l ( s t e s s a 8 8 4 3 3 6 , 3 4 6 , 8 1 5 4 8 , 4 1 6 e h t r o f s t n e m y a p h s a C 1 5 4 4 1 4 , 4 4 0 3 3 7 , - , 1 8 8 2 7 1 , 7 4 5 0 0 , 4 3 1 4 4 0 , 3 3 7 6 7 8 , 8 3 0 , 7 4 e h t f o n o i t r o p l a p i c n i r p f o s s o l r o t i f o r p f o e r a h S t n i o j d n a s e t a i c o s s a s e r u t n e v y t i l i b a i l e s a e l n o i t a i c e r p e D ) 0 3 1 3 9 3 ( , 4 7 9 , 0 2 ) 4 0 1 , 4 1 4 ( e s n e p x e x a t e m o c n I 4 3 1 8 1 1 , 4 7 9 , 4 8 0 6 1 , 3 3 s t e s s a l a i c n a n i f - n o n f o s s o l t n e m r i a p m I ) t i f e n e b ( 247 Financial Review , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 0 9 1 , 6 4 0 , 0 9 $ 4 1 7 , 1 8 4 , 3 7 $ - 2 3 2 9 1 9 , 1 3 9 8 4 , 5 5 1 6 4 7 , 1 8 8 , 6 1 7 5 9 , 7 2 6 , 3 7 8 9 4 , 0 7 3 8 3 , 4 2 0 8 8 , 1 9 1 , 5 1 7 2 3 , 2 2 6 , 3 6 9 0 3 , 3 9 6 7 , 5 6 2 , 2 1 3 3 5 , 3 4 7 , 0 8 1 $ 0 8 8 , 9 5 6 , 4 6 1 $ ) g n o K g n o H s e d u l c n i ( a n i h C e r o p a g n i S n a w i a T e p o r u E n a p a J s r e h t O A S U l a t o T e l b i g n a t n i , s t e s s a e s u - f o - t h g i r , t n e m p i u q e d n a t n a l p , y t r e p o r p e d u l c n i s t e s s a t n e r r u c - n o N . s t e s s a t n e r r u c n o n r e h t o d n a t n e m p i u q e r o f t n e m y a p e r p , s t e s s a d e d n e s r a e y e h t r o f s e u n e v e r g n i t a r e p o f o % 0 1 t s a e l t a r o f g n i t n u o c c a s r e m o t s u c l a u d i v i d n I : s w o l l o f s a e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D s r e m o t s u c r o j a M ) 3 ( d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 0 7 4 , 7 5 3 , 5 1 $ 3 9 2 , 6 7 5 , 7 1 $ t n e m g e s n o i t a c i r b a f r e f a w m o r f A r e m o t s u C n o i t a m r o f n i s t e s s a t n e r r u c - n o n c i h p a r g o e G ) 2 ( 248 United Microelectronics Corporation | Annual Report 2019 g n i t a r e p o d e t a d i l o s n o c f o e g a t n e c r e P s t e s s a l a t o t d e t a d i l o s n o c r o s e u n e v e r s d o i r e p n o i t c e l l o C s n o i t c a s n a r T ) 4 e t o N ( % 2 3 % 2 % 3 % 0 % 1 % 0 % 1 % 0 % 0 % 0 % 0 % 0 ) 3 e t o N ( s y a d 0 6 t e N - s y a d 0 6 t e N - s y a d 0 3 t e N - s y a d 0 6 t e N - s y a d 0 6 t e N - s y a d 0 6 t e N - g n i t a r e p o d e t a d i l o s n o c f o e g a t n e c r e P s t e s s a l a t o t d e t a d i l o s n o c r o s e u n e v e r s d o i r e p n o i t c e l l o C s n o i t c a s n a r T ) 4 e t o N ( % 8 3 % 2 % 3 % 0 % 1 % 0 % 0 % 0 % 0 % 0 % 0 % 0 ) 3 e t o N ( s y a d 0 6 t e N - s y a d 0 6 t e N - s y a d 0 3 t e N - s y a d 0 6 t e N - s y a d 0 6 t e N - s y a d 0 6 t e N - 6 0 7 , 7 3 9 5 , 4 6 9 , 3 3 9 3 , 2 2 6 8 0 6 , ) 5 e t o N ( 0 1 3 , 9 0 2 1 , 4 3 3 1 3 , 6 2 2 5 4 7 , 2 4 2 3 3 , 2 1 0 2 5 1 , 8 3 1 1 2 , 6 3 7 0 5 2 , 0 5 1 1 5 , 5 3 3 , 6 3 7 7 4 $ , t n u o m A 2 7 2 , 2 1 3 7 , 7 3 6 , 9 5 1 4 , 8 4 0 5 0 9 , ) 5 e t o N ( 7 6 5 , 6 5 3 1 , 3 6 1 8 4 , 8 8 9 8 9 6 , 8 7 6 0 2 1 , 1 7 4 7 0 3 , 1 6 1 5 3 , 1 7 9 1 6 , 8 1 2 2 7 2 , 5 8 5 , 7 0 1 7 5 $ , t n u o m A t n u o c c A e l b a v i e c e r s t n u o c c A e l b a v i e c e r s t n u o c c A s e l a S s e l a S s e l a S e l b a v i e c e r s t n u o c c A s e l a S e l b a v i e c e r s t n u o c c A s e l a S e l b a v i e c e r s t n u o c c A s e l a S e l b a v i e c e r s t n u o c c A t n u o c c A e l b a v i e c e r s t n u o c c A s e l a S s e l a S e l b a v i e c e r s t n u o c c A s e l a S e l b a v i e c e r s t n u o c c A s e l a S e l b a v i e c e r s t n u o c c A e l b a v i e c e r s t n u o c c A s e l a S e l b a v i e c e r s t n u o c c A s e l a S h t i w p i h s n o i t a l e R y n a p m o C e h t ) 2 e t o N ( y t r a p r e t n u o C y t r a p d e t a l e R 1 1 1 1 1 1 3 3 3 3 3 3 . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I ) A S U ( P U O R G C M U ) A S U ( P U O R G C M U N A P A J P U O R G C M U N A P A J P U O R G C M U I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I ) A S U ( P U O R G C M U ) A S U ( P U O R G C M U ) A S U ( P U O R G C M U ) A S U ( P U O R G C M U N A P A J P U O R G C M U N A P A J P U O R G C M U . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . o N ) 1 e t o N ( 0 0 0 0 0 0 1 1 2 2 2 2 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F ) s e i t i t n e d e t a d i l o s n o c n e e w t e b s n o i t c a s n a r t y n a p m o c r e t n i t n a c i f i n g i S ( 1 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F h t i w p i h s n o i t a l e R y n a p m o C e h t ) 2 e t o N ( y t r a p r e t n u o C y t r a p d e t a l e R 1 1 1 1 1 1 3 3 3 3 3 3 . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I ) A S U ( P U O R G C M U ) A S U ( P U O R G C M U N A P A J P U O R G C M U N A P A J P U O R G C M U I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I ) A S U ( P U O R G C M U ) A S U ( P U O R G C M U ) A S U ( P U O R G C M U ) A S U ( P U O R G C M U N A P A J P U O R G C M U N A P A J P U O R G C M U . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . o N ) 1 e t o N ( 0 0 0 0 0 0 1 1 2 2 2 2 . e u n e v e r d e r r e f e d s a d e z i n g o c e r s a w h c i h w n o i l l i b 5 3 . 0 D S U f o t n u o m a e h t n i , . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I , y r a i d i s b u s s t i o t s e s n e c i l y g o l o n h c e t d e z i r o h t u a C M U : 5 e t o N . e m i t r e v o d e z i l a e r e b d l u o w e u n e v e r d e r r e f e d e h t , n o i t c a s n a r t m a e r t s n w o d a s a w t i e c n i S 249 . d n e - d o i r e p t a e c n a l a b ' s m e t i h c a e n o d e s a b e r a s m e t i t e e h s e c n a l a b f o s n o i t c a s n a r t r o f y t i l i b a i l / t e s s a d e t a d i l o s n o c e h t o t t c e p s e r h t i w e g a t n e c r e p e h T : 4 e t o N . s n o i t i d n o c t e k r a m o t e c n e r e f e r n i t n e m e e r g a l a u t u m h g u o r h t d e n i m r e t e d s a w s e i t r a p d e t a l e r e v o b a e h t o t e c i r p s e l a s e h T : 3 e t o N . s i s a b s a d e s u e r a s e c n a l a b e v i t a l u m u c , s m e t i s s o l r o t i f o r p r o F . e v o b a e l b a t e h t n i d e t n e s e r p r e d r o e h t n i " 1 " m o r f g n i n n i g e b y l e v i t u c e s n o c d e d o c e r a s e i r a i d i s b u s e h T . 2 : s w o l l o f s a d e d o c e r a s e i r a i d i s b u s s t i d n a C M U : 1 e t o N . " 0 " d e d o c s i C M U . 1 . y r a i d i s b u s o t y n a p m o c g n i d l o h e h T . 1 . y n a p m o c g n i d l o h o t y r a i d i s b u S . 2 . y r a i d i s b u s o t y r a i d i s b u S . 3 : s w o l l o f s a d e z i r o g e t a c e r a s n o i t c a s n a r T : 2 e t o N Financial Review m r e t - t r o h s g n i c n a n i f f o e r u t a N g n i c n a n i f r o f s d e e N n o i t a r e p o , 3 4 7 1 2 7 2 8 $ , , 6 3 4 0 8 6 0 2 $ , ) 2 e t o N ( ) 2 e t o N ( l a t o t f o t i m L i t n u o m a g n i c n a n i f f o t i m L i t n u o m a g n i c n a n i f y t r a p - r e t n u o c l a u d i v i d n i r o f l a r e t a l l o C - $ e u l a V m e t I e n o N - $ s s o L e c n a w o l l a r o f n o s a e R g n i c n a n i f s s e n i s u B r e v o n r u t - $ r o f d e e n e h T % 6 0 . 3 - % 6 5 . 2 0 0 2 , 1 0 2 , 1 $ 0 0 5 , 7 0 5 , 7 $ 0 0 5 , 7 0 5 , 7 $ s e Y o t s e l a s f o t n u o m A ) m o r f s e s a h c r u p ( y t r a p - r e t n u o c f o e r u t a N g n i c n a n i f e t a r t s e r e t n I d e d i v o r p t n u o m a l a u t c A g n i d n E e c n a l a b m u m i x a M e h t r o f e c n a l a b d o i r e p y t r a P d e t a l e R l a i c n a n i F t n e m e t a t s t n u o c c a r e h t O - s e l b a v i e c e r s e i t r a p d e t a l e r y t r a p - r e t n u o C . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S I D E T I N U I S C N O R T C E L E O R C M I N O I T A R O P R O C r e d n e L D E T I N U 0 . o N ) 1 e t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f s r e h t o o t d e d i v o r p g n i c n a n i F ( 2 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 250 N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U l a r e t a l l o C 5 9 4 4 2 $ , 9 4 3 2 $ , ) 3 e t o N ( ) 3 e t o N ( l a t o t f o t i m L i t n u o m a g n i c n a n i f f o t i m L i t n u o m a g n i c n a n i f y t r a p - r e t n u o c l a u d i v i d n i r o f - $ e u l a V m e t I e n o N 9 4 3 2 $ , - 9 4 3 2 $ , s s o L e c n a w o l l a r o f n o s a e R g n i c n a n i f o t s e l a s f o t n u o m A ) m o r f s e s a h c r u p ( y t r a p - r e t n u o c % 0 0 . 9 9 4 3 , 2 $ 9 4 3 , 2 $ 9 4 3 , 2 $ o N e t a r t s e r e t n I d e d i v o r p t n u o m a l a u t c A g n i d n E e c n a l a b m u m i x a M e h t r o f e c n a l a b d o i r e p y t r a P d e t a l e R l a i c n a n i F t n e m e t a t s t n u o c c a r e h t O s e l b a v i e c e r C L L , 1 - E P S A P P C O C . D T L , . O C T N E M P O L E V E D Y G R E N E T N O P G N I P P I T I Y G R E N E A R E T 1 y t r a p - r e t n u o C r e d n e L . o N ) 1 e t o N ( . D T L , . O C T N E M P O L E V E D Y G R E N E A R E T . r e w o l s i h c i h w , n o i t a r e p o r o f t n u o m a d e d e e n e h t r o d o i r e p e h t f o s a e u l a v s t e s s a t e n s ' r e d n e l e h t f o % 0 1 d e e c x e t o n l l a h s y t r a p - r e t n u o c l a u d i v i d n i r o f t n u o m a g n i c n a n i f f o t i m L i : 3 e t o N . r e d n e l f o s t n e m e t a t s l a i c n a n i f t s e t a l f o % 0 4 d e e c x e t o n l l a h s t n u o m a g n i c n a n i f l a t o t f o t i m L i . d o i r e p e h t f o s a e u l a v s t e s s a t e n s ' r e d n e l e h t f o % 0 1 d e e c x e t o n l l a h s y t r a p - r e t n u o c l a u d i v i d n i r o f t n u o m a g n i c n a n i f f o t i m L i : 2 e t o N . e v o b a e l b a t e h t n i d e t n e s e r p r e d r o e h t n i " 1 " m o r f g n i n n i g e b y l e v i t u c e s n o c d e d o c e r a s e i r a i d i s b u s e h T ) i i ( . e u l a v t e s s a t e n s ’ y n a p m o C e h t f o % 0 4 d e e c x e t o n l l a h s t n u o m a g n i c n a n i f l a t o t f o t i m L i : s w o l l o f s a d e d o c e r a s e i r a i d i s b u s s t i d n a y n a p m o c t n e r a p e h T : 1 e t o N . " 0 " d e d o c s i y n a p m o c t n e r a p e h T ) i ( United Microelectronics Corporation | Annual Report 2019 1 6 9 , 1 6 0 , 3 9 $ 1 6 9 , 1 6 0 , 3 9 % 6 3 . 0 % 4 7 . 6 - $ - 0 0 9 , 7 4 7 $ ) 5 e t o N ( ) 6 e t o N ( 8 7 3 , 6 9 6 , 3 1 0 0 0 , 8 4 7 $ ) 5 e t o N ( ) 6 e t o N ( 0 2 9 , 3 3 9 , 3 1 0 0 0 , 8 4 4 , 2 $ 1 6 9 , 1 6 0 , 3 9 $ 0 9 0 , 5 0 1 , 5 1 1 6 9 , 1 6 0 , 3 9 2 2 ) 4 e t o N ( t n u o m a t n e m e t a t s l a i c n a n i f t s e t a l e h t m o r f t n e m e s r o d n e / e e t n a r a u g d e d i v o r p e c n a l a b g n i d n E d o i r e p e h t r o f ) 3 e t o N ( t n e m e s r o d n e / e e t n a r a u g e u l a v s t e s s a t e n o t t n u o m a e e t n a r a u g l a r e t a l l o c f o t n u o m A t n u o m a l a u t c A e c n a l a b m u m i x a M y t r a p g n i v i e c e r r o f t n u o m a p i h s n o i t a e l e R ) 2 e t o N ( e m a n y n a p m o C Y G O L O N H C E T R E W O P X E N r o t n a r a u G / r o s r o d n E I S C N O R T C E L E O R C M D E T I N U I . P R O C N O I T A R O P R O C R O T C U D N O C M E S D E T I N U I . D T L , . O C ) N E M A X I ( I S C N O R T C E L E O R C M D E T I N U I . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H N O I T A R O P R O C . o N ) 1 e t o N ( 0 0 l a t o t f o t i m L i d e t a l u m u c c a f o e g a t n e c r e P f o t i m L i t n e m e s r o d n e / e e t n a r a u g y t r a p g n i v i e c e R ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f s r e h t o o t d e d i v o r p e e t n a r a u G / t n e m e s r o d n E ( 3 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U l a t o t f o t i m L i d e t a l u m u c c a f o e g a t n e c r e P f o t i m L i t n e m e s r o d n e / e e t n a r a u g y t r a p g n i v i e c e R 6 1 2 , 8 4 2 , 0 1 $ % 8 7 . 8 3 - $ 9 0 6 , 3 1 9 , 3 $ 3 5 3 , 2 3 8 , 8 $ 3 5 3 , 2 3 8 , 8 $ 6 1 2 , 8 4 2 , 0 1 $ 6 R O T C U D N O C M E S D E T I N U I Y G O L O N H C E T N A I J E H 1 ) 7 e t o N ( t n u o m a t n e m e t a t s l a i c n a n i f t s e t a l e h t m o r f t n e m e s r o d n e / e e t n a r a u g d e d i v o r p e c n a l a b g n i d n E d o i r e p e h t r o f ) 7 e t o N ( t n e m e s r o d n e / e e t n a r a u g e u l a v s t e s s a t e n o t t n u o m a e e t n a r a u g l a r e t a l l o c f o t n u o m A t n u o m a l a u t c A e c n a l a b m u m i x a M y t r a p g n i v i e c e r r o f t n u o m a p i h s n o i t a e l e R ) 2 e t o N ( e m a n y n a p m o C r o t n a r a u G / r o s r o d n E . o N ) 1 e t o N ( . n o i l l i m 4 6 4 D S U o t p u s i t n u o m a t n e m e s r o d n e l a t o T n, o i l l i m 3 1 o t d e t n u o m a t n e m e s r o d n e e h t e s a e r c e d o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 9 1 0 2 , 8 1 r e b m e c e D n o , n o i l l i m 6 2 D S U o t d e t n u o m a t n e m e s r o d n e e h t e s a e r c e d o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 9 1 0 2 , 4 2 y l u J n O . 9 1 0 2 y r a u n a J n i d i a p e r y l l u f n e e b s a h t i , n o i l l i m 0 0 7 , 1 $ T N o t p u t n u o m a e h t r o f n a w i a T f o k n a B g n i d u l c n i s k n a b m o r f n a o l d e t a c i d n y s s ' . P R O C Y G O L O N H C E T R E W O P X E N o t t n e m e s r o d n e e d i v o r p o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 4 1 0 2 , 4 2 r e b m e c e D n O : 5 e t o N . n o i l l i m 1 4 D S U o t d e t n u o m a t n e m e s r o d n e e h t e s a e r c n i o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 8 1 0 2 , 4 2 r e b o t c O n o , n o i l l i m 2 5 1 D S U o t d e t n u o m a t n e m e s r o d n e e h t e s a e r c n i o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 8 1 0 2 , 7 h c r a M n O . n o i l l i m 0 1 3 D S U o t p u t n u o m a e h t n i k n a B t n e m p o l e v e D a n i h C g n i d u l c n i s k n a b m o r f n a o l d e t a c i d n y s s ' . D T L , . O C ) N E M A X I ( I R O T C U D N O C M E S D E T I N U e e t n a r a u g o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 7 1 0 2 , 2 2 y r a r u b e F n O : 6 e t o N . n o i l l i m 8 4 7 $ T N s a w d e d i v o r p t n u o m a l a u t c a , 9 1 0 2 , 1 3 r e b m e c e D f o s A . n o i l l i m 8 4 7 $ T N o t d e t n u o m a t n e m e s r o d n e e h t e s a e r c n i o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 8 1 0 2 , 2 1 r e b m e c e D n O . 9 1 0 2 , 1 3 r e b m e c e D f o s a e u l a v s t e s s a t e n s ' . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H f o h t r o w t e n f o % 5 4 d e e c x e t o n l l a h s y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h T f o t n u o m a e t a g e r g g a e h t d n a , h t r o w t e n ' s y n a p m o C e h t f o % 5 4 d e e c x e t o n l l a h s e k a m o t d e t t i m r e p s i e l o h w a s a y n a p m o C e h t t a h t s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e t a g e r g g a e h T . 9 1 0 2 , 1 3 r e b m e c e D f o s a e u l a v s t e s s a t e n s ' . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H f o % 5 4 d e e c x e t o n l l a h s t n u o m a d e e t n a r a u g / d e s r o d n e l a t o t f o t i m L i : 7 e t o N . h t r o w t e n ' s y n a p m o C e h t f o % 5 4 d e e c x e t o n l l a h s y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e . n o i l l i m 6 9 6 , 3 1 $ T N s a w d e d i v o r p t n u o m a l a u t c a , 9 1 0 2 , 1 3 r e b m e c e D f o s A . t c e j o r p n o i t c u r t s n o c a g n i k a t r e d n u f o s e s o p r u p r o f s r e d l i u b t n i o j r o f r o y r t s u d n i e m a s e h t n i y n a p m o c r e h t o n a r o f s e e t n a r a u g / s t n e m e s r o d n e l a u t u m g n i d i v o r p y b s n o i t a g i l b o l a u t c a r t n o c s t i s l l i f l u f t a h t y n a p m o c A . 5 . s e g a t n e c r e p g n i d l o h e r a h s r i e h t o t n o i t r o p o r p n i y n a p m o c d e t s e v n i y l t n i o j r i e h t r o f s e e t n a r a u g / s t n e m e s r o d n e e k a m s r e d l o h e r a h s g n i t u b i r t n o c l a t i p a c l l a t a h t y n a p m o c A . 6 . r e h t o h c a e r o f t c A n o i t c e t o r P r e m u s n o C e h t o t t n a u s r u p s e m o h n o i t c u r t s n o c - e r p r o f t c a r t n o c s e l a s a f o e e t n a r a u g e c n a m r o f r e p a r o f y t i r u c e s l a r e v e s d n a t n i o j s e v l e s m e h t g n o m a e d i v o r p y r t s u d n i e m a s e h t n i s e i n a p m o C . 7 : s w o l l o f s a e r a y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h t n o s g n i l i e c e h t d n a ; r o t n a r a u g / r o s r o d n e f o h t r o w t e n e h t f o % 5 4 d e e c x e t o n l l a h s s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h T : 3 e t o N m o r f g n i s i r a s t n u o m a d e d e e n e h t d e e c x e t o n l l a h s d e n o i t n e m e v o b a s e l u r g n i l i e c e h t t p e c x e , h t i w s s e n i s u b s e o d r o t n a r a u g / r o s r o d n e h c i h w y n a p m o c a r o f s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h T . 2 f o t n u o m a e t a g e r g g a e h t d n a , h t r o w t e n ' s y n a p m o C e h t f o % 5 4 d e e c x e t o n l l a h s e k a m o t d e t t i m r e p s i e l o h w a s a y n a p m o C e h t t a h t s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e t a g e r g g a e h T . y t r a p g n i v i e c e r e h t d n a r o t n a r a u g / r o s r o d n e n e e w t e b s n o i t c a s n a r t e s a h c r u p r o s e l a s l a t o t f o t n u o m a r e h g i h e h t s i h c i h w s g n i l a e d s s e n i s u b . r o t n a r a u g / r o s r o d n e f o h t r o w t e n f o % 5 4 d e e c x e t o n l l a h s y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h T . 1 . 9 1 0 2 , 1 3 r e b m e c e D f o s a e u l a v s t e s s a t e n ' s C M U f o % 5 4 d e e c x e t o n l l a h s t n u o m a t n e m e s r o d n e / e e t n a r a u g l a t o t f o t i m L i : 4 e t o N . h t r o w t e n ' s y n a p m o C e h t f o % 5 4 d e e c x e t o n l l a h s y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e 251 : g n i w o l l o f e h t f o e n o s a d e s o l c s i d e b d l u o h s s e i t r a p g n i v i e c e r , u a e r u B s e r u t u F d n a s e i t i r u c e S . . . C O R e h t . s e r a h s g n i t o v e h t f o % 0 5 n a h t e r o m s d l o h y l t c e r i d n i d n a y l t c e r i d y n a p m o c c i l b u p e h t h c i h w n i y n a p m o c A . 2 . y n a p m o c c i l b u p e h t n i s e r a h s g n i t o v e h t f o % 0 5 n a h t e r o m s d l o h y l t c e r i d n i d n a y l t c e r i d t a h t y n a p m o c A . 3 . s e r a h s g n i t o v e h t f o e r o m r o % 0 9 , y l t c e r i d n i r o y l t c e r i d , s d l o h y n a p m o c c i l b u p e h t h c i h w n i y n a p m o c A . 4 . s s e n i s u b s e o d t i h c i h w h t i w y n a p m o c A . 1 . e v o b a e l b a t e h t n i d e t n e s e r p r e d r o e h t n i " 1 " m o r f g n i n n i g e b y l e v i t u c e s n o c d e d o c e r a s e i r a i d i s b u s e h T . 2 y b d e u s s i " s r e u s s I s e i t i r u c e S y b s t r o p e R l a i c n a n i F f o n o i t a r a p e r P e h t g n i n r e v o G s e n i l e d i u G " e h t o t g n i d r o c c A : 2 e t o N . D T L , . O C ) N E M A X I ( . D T L , . O C ) U O H Z U S ( : s w o l l o f s a d e d o c e r a s e i r a i d i s b u s s t i d n a y n a p m o c t n e r a p e h T : 1 e t o N . " 0 " d e d o c s i y n a p m o c t n e r a p e h T . 1 Financial Review e n o N 0 3 7 , 6 4 1 $ e n o N 0 0 5 , 4 8 1 e n o N 0 0 8 , 6 3 2 e n o N 6 4 4 , 0 0 1 e n o N e n o N - - e n o N 1 1 3 , 1 2 5 , 1 e n o N 7 7 5 , 1 3 3 e n o N 4 1 4 , 7 7 2 , 1 e n o N - e n o N 8 7 8 , 2 5 1 e n o N 5 2 1 , 9 6 7 e n o N 0 3 6 , 6 4 3 e n o N 2 9 6 , 6 2 e n o N e n o N e n o N - - - e n o N 5 2 1 , 0 2 e n o N 8 9 8 , 1 6 9 e n o N 5 9 7 , 5 9 7 e n o N 2 1 7 , 7 3 2 , 8 e n o N 3 3 3 , 6 1 6 e n o N 5 6 3 , 1 0 6 , 3 e n o N 4 9 4 , 5 7 1 6 5 . 6 0 7 . 1 6 1 . 1 2 2 . 0 3 6 . 7 1 5 7 . 5 1 9 7 . 9 9 2 . 9 6 6 . 7 1 7 . 4 5 3 . 4 8 6 . 1 8 9 . 0 3 8 . 0 2 7 . 0 - - - 3 7 . 9 1 0 0 . 7 1 3 0 . 3 1 7 6 . 8 0 7 . 2 - s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o - - 0 0 5 , 4 8 1 0 0 8 , 6 3 2 6 4 4 , 0 0 1 1 1 3 , 1 2 5 , 1 7 7 5 , 1 3 3 4 1 4 , 7 7 2 , 1 - 8 7 8 , 2 5 1 5 2 1 , 9 6 7 0 3 6 , 6 4 3 2 9 6 , 6 2 - - - 5 2 1 , 0 2 8 9 8 , 1 6 9 5 9 7 , 5 9 7 0 3 7 , 6 4 1 $ t n u o m a g n i y r r a C 2 8 1 , 8 1 0 0 0 , 8 1 0 0 6 , 1 5 7 6 , 2 3 8 8 , 9 1 1 5 , 7 1 4 4 1 , 2 2 2 9 6 , 6 0 8 6 , 6 1 7 2 6 , 5 1 2 5 , 2 1 3 8 4 , 0 2 5 1 7 , 0 1 4 8 1 , 1 4 2 3 8 3 9 0 6 6 1 , 1 6 5 3 , 5 0 1 0 0 0 , 0 2 2 1 7 , 7 3 2 , 8 6 3 1 , 6 9 1 e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 3 3 3 , 6 1 6 5 6 3 , 1 0 6 , 3 4 9 4 , 5 7 1 0 6 9 , 3 1 5 4 4 , 6 1 0 0 0 , 2 1 e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i t n e r r u c n o n , e m o c n i - - - - - . I P R O C S C N O R T C E L E O R C M K E T A V O N I . C N I . H C E T E T I . P R O C Y G O L O N H C E T N O R C M N U I I I D E T I M I L G N D L O H N O R C M N U I I . D T L . I E T P S G N D L O H C I T M k c o t s d e r r e f e r P - k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F - - - - - - - - - - - - - - - - - - T S U R T T N E M T S E V N I E T A T S E L A E R 1 O N L U F R E L L I M . . D T L , . I O C S C N O R T C E L E N O I T C A . C N I , I G N G A M I T R A X I P . P R O C Y G O L O N H C E T N E H C N E H S U F D E T I N U . C N I , H C E T X I P . C N I I G N D L O H T N E M T S E V N I A I S A T T C O . D T L , . O C S E S A G L A R T S U D N I I D E T I N U . C N I I R O T C U D N O C M E S K E T L O H . D T L , . O C Y G O L O N H C E T N O R T B U S . P R O C Y G O L O N H C E T C M A I . D T L , . I O C S C N O R T C E L E N A U Y G N K I . D T L , . O C Y G O L O N H C E T T N O P O T I . C N I S E I G O L O N H C E T S O M O R P . P R O C R A T S I P E . D T L , . I O C S C N O R T C E L E N A U Y G N K I k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S B U L C Y R T N U O C & F L O G E E H S A T k c o t s d e r r e f e r P - k c o t S . C N I Y G O L O N H C E T S A T E A k c o t s d e r r e f e r P - k c o t S . C N I , U B N O T k c o t s d e r r e f e r P - k c o t S e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F r o t c e r i d ' s y n a p m o C e h T . P R O C S M E T S Y S D E T A R G E T N I N O C I L I S 9 1 0 2 , 1 3 r e b m e c e D / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 4 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U 252 United Microelectronics Corporation | Annual Report 2019 s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( 9 1 0 2 , 1 3 r e b m e c e D t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 4 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . P R O C L A T I P A C E R U T N E V E N U T R O F e n o N 3 2 9 , 2 $ e n o N - e n o N - e n o N 6 9 8 , 6 4 e n o N 5 7 8 , 4 2 1 e n o N 5 2 1 , 7 1 e n o N 2 2 5 , 2 5 e n o N 4 0 5 , 8 1 e n o N 7 8 0 , 2 1 e n o N 1 0 1 , 8 4 e n o N 4 7 5 , 6 e n o N 6 7 3 , 2 6 e n o N - e n o N 2 3 2 , 0 1 e n o N 5 3 5 , 4 3 e n o N 3 0 9 , 6 2 e n o N 6 9 9 , 6 6 1 e n o N 0 5 8 , 3 5 e n o N 8 1 8 , 2 2 1 e n o N - e n o N 0 8 2 , 7 e n o N 4 8 5 , 9 9 e n o N 3 5 0 , 9 6 e n o N 0 6 1 , 1 4 e n o N 0 3 1 , 0 2 3 5 6 . 9 1 4 9 . 5 1 2 1 . 5 1 9 4 . 4 1 6 7 . 3 1 3 2 . 0 1 2 1 . 9 8 1 . 8 9 2 . 7 3 9 . 6 7 6 . 6 5 3 . 5 2 3 . 5 1 3 . 5 2 1 . 5 1 2 . 4 2 7 . 3 1 7 . 3 9 4 . 3 1 2 . 3 6 1 . 3 1 1 . 3 6 9 . 2 8 8 . 2 0 7 . 2 3 2 9 , 2 $ - - 6 9 8 , 6 4 5 7 8 , 4 2 1 5 2 1 , 7 1 2 2 5 , 2 5 4 0 5 , 8 1 7 8 0 , 2 1 1 0 1 , 8 4 4 7 5 , 6 6 7 3 , 2 6 - 2 3 2 , 0 1 5 3 5 , 4 3 3 0 9 , 6 2 6 9 9 , 6 6 1 0 5 8 , 3 5 8 1 8 , 2 2 1 - 0 8 2 , 7 4 8 5 , 9 9 3 5 0 , 9 6 0 6 1 , 1 4 0 3 1 , 0 2 3 4 1 5 , 1 7 5 9 5 1 0 0 8 , 1 0 5 7 , 3 0 0 5 , 2 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 9 1 7 , 0 1 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 0 0 8 , 1 0 0 9 0 5 1 , 3 3 6 2 5 9 0 6 , 6 8 6 9 , 1 0 0 6 , 4 8 3 8 , 3 4 7 3 , 6 0 0 0 , 3 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 9 5 0 , 0 1 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 0 0 8 5 6 2 - 6 1 4 , 4 0 0 2 , 1 1 4 7 , 6 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F - - - - - - - - - - - - - - - - - - - - - - - - - D N U F L A T I P A C E C R O F D N E R T - C P S D N U F L A T I P A C E C R O F D N E R T . D T L , . O C E - C N O R T P S I . P R O C Y G O L O N H C E T E T A G R A L O S . P R O C E R U T N E V N U H C R A D . D T L , . O C Y G O L O N H C E T E C R U O S E R Y R O L G R E V E . I P R O C S L A R E T A M E C N A V D A . C N I I S C N O T O H P A R E T N E C . D T L , . O C Y G O L O N H C E T N O I S I C E R P N W N W I I . D T L , . O C Y G O L O N H C E T T R A M S W E N . P R O C L A T I P A C E R U T N E V K N I L E S I R . P R O C Y G O L O N H C E T O C I L . D T L I M X S R A T S - L L A . P R O C I T C A . D T L , . I O C S G N D L O H S C M O N E G T C A I . C N I , I S E I G O L O N H C E T S E C V E D L A C D E M A S I L U A N A W A T I I . D T L , . O C Y G O L O N H C E T N O R T B U S . D T L , . O C M E T S Y S E T A T S D I L O S . C N I I S C N O R T C E L E O T P O E C N E L L E C X E . D T L , . I O C H C E T O B N E G D R E M I I . D T L , . O C L A N O I T A N R E T N I D N A L E H S T H G R B I . . P L , V I S R E N T R A P L A T I P A C K N I L S N A R T . D T L , . O C Y G O L O N H C E T T N O P O T I . C N I S E I G O L O N H C E T N O I T A M N A I . D T L , . I I O C G N R E E N G N E E D A J T N O M . D T L , . O C R O T C U D N O C M E S N A W A T I I k c o t S k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S d n u F k c o t S k c o t S 253 Financial Review s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( 9 1 0 2 , 1 3 r e b m e c e D t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 4 T N E M H C A T T A 254 ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . P R O C L A T I P A C E R U T N E V E N U T R O F e n o N 2 3 4 , 1 $ e n o N 0 6 0 , 4 2 e n o N 6 8 1 , 6 4 e n o N - e n o N 4 6 5 , 4 e n o N 0 0 6 , 9 7 1 e n o N 5 4 0 , 5 2 e n o N - e n o N 0 4 5 , 9 e n o N 9 6 7 , 6 e n o N 0 6 2 , 5 6 e n o N 0 5 6 , 5 2 1 e n o N 3 e n o N 8 8 0 , 4 2 e n o N 0 7 3 , 9 e n o N 9 1 0 , 6 7 1 e n o N 8 0 4 , 1 2 1 e n o N - e n o N 7 2 0 , 1 e n o N 0 3 0 , 0 3 e n o N 9 5 4 , 9 5 e n o N 7 8 0 , 7 3 e n o N 0 0 9 , 3 1 e n o N 5 3 6 , 4 3 3 e n o N 5 9 4 , 4 6 2 e n o N A N / e n o N A N / 3 2 . 2 5 1 . 2 7 0 . 2 6 9 . 1 1 7 . 1 1 6 . 1 2 0 . 1 5 9 . 0 4 8 . 0 5 7 . 0 5 6 . 0 3 5 . 0 6 4 . 0 4 4 . 0 2 0 . 0 - - - - - - - - - - 0 0 . 7 4 1 . 0 2 3 4 , 1 $ 0 6 0 , 4 2 6 8 1 , 6 4 - 4 6 5 , 4 0 0 6 , 9 7 1 5 4 0 , 5 2 - 0 4 5 , 9 9 6 7 , 6 0 6 2 , 5 6 0 5 6 , 5 2 1 3 8 8 0 , 4 2 0 7 3 , 9 9 1 0 , 6 7 1 8 0 4 , 1 2 1 - 7 2 0 , 1 0 3 0 , 0 3 9 5 4 , 9 5 7 8 0 , 7 3 0 0 9 , 3 1 5 3 6 , 4 3 3 5 9 4 , 4 6 2 0 0 0 , 0 1 7 8 9 , 3 2 1 1 1 3 9 4 4 , 1 0 5 2 , 2 0 0 9 , 1 5 2 1 0 0 5 , 0 1 9 7 0 , 6 1 0 0 2 0 4 7 2 3 0 0 6 - 1 6 2 1 4 1 , 1 0 0 0 , 8 4 1 1 , 2 0 0 0 , 1 2 8 5 0 3 9 , 9 0 0 3 , 1 0 0 7 5 6 2 0 0 2 1 2 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 9 0 9 , 3 2 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i - - - - - - - - - - - - - - - - - - - - - - - - . P R O C Y G O L O N H C E T S L A R E T A M D E I L P P A R A L O S I . C N I , S L A C I T U E C A M R A H P H C E T A R O N . C N I Y G O L O N H C E T E S I W L A T S Y R C . D T L , . O C S L A C I T U E C A M R A H P J N A W A T I . I P R O C L A C M E H C O R T C E L E C E T R E W O P . P R O C L A N O I T A N R E T N I P O T L A W . D T L , . P R O C Y G O L O N H C E T C E T I H C . D T L , . O C S E I G O L O N H C E T N O S E I W . . P L D N U F ) . I . C ( V X E T R E V . C N I I S E C V E D E L I B O M . D T L , . O C N O I S I C E R P G N E H S U F . D T L , . O C Y G O L O N H C E T S E T N I L . C N I , I S L O O T E N H C A M R E S A U Q . C N I , I A D E M E T R O F . D T L , . I O C N A W A T R A R E G I T I k c o t S k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S D E T I M I L L A N O I T A N R E T N I E L U O J E k c o t S d e r r e f e r P - k c o t S . P R O C A D A O L F I k c o t S d e r r e f e r P - k c o t S . C N I , X E R B E R E C k c o t S d e r r e f e r P - k c o t S . C N I , I A D E M E T R O F k c o t S d e r r e f e r P - k c o t S . P R O C K E T O V A R B k c o t S d e r r e f e r P - k c o t S . I D T L O D A R R A E G k c o t S d e r r e f e r P - k c o t S . C N I , I A D O P E C A k c o t S d e r r e f e r P - k c o t S . C N I N O I S I C E R P - L I S I P E s d n o b e l b i t r e v n o C . D T L , . O C N A W A T I I A T O D N A H U S T E - N H S I e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F y n a p m o c t n e r a P . I P R O C S C N O R T C E L E O R C M D E T I N U I s t n e m t s e v n i r o f s t n e m y a p e r P t n e r r u c n o n , e m o c n i s t n e m t s e v n i r o f s t n e m y a p e r P - - . C N I Y G O L O N H C E T S S A P M E . D T L , . O C S E V L A V E U L A V k c o t S k c o t S k c o t S k c o t S United Microelectronics Corporation | Annual Report 2019 s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( e n o N - $ e n o N 6 6 7 , 1 1 1 e n o N 3 5 8 , 1 4 e n o N 4 6 3 , 4 8 e n o N 8 7 2 , 3 4 2 e n o N 8 0 7 , 1 1 e n o N 2 6 4 , 3 2 2 e n o N 0 2 2 , 8 e n o N 0 3 6 , 6 2 e n o N 5 6 4 , 3 5 e n o N 1 3 8 , 1 8 1 e n o N 2 9 1 , 0 2 e n o N 4 1 3 , 7 e n o N 2 5 4 , 7 e n o N 8 2 3 , 9 1 e n o N 0 9 0 , 0 3 e n o N 0 5 7 , 0 4 e n o N 2 1 0 , 1 3 4 e n o N - e n o N 9 5 5 , 3 9 e n o N 9 7 1 , 3 3 e n o N 0 0 0 , 5 3 e n o N 8 5 6 , 5 e n o N 0 2 1 , 1 1 e n o N 0 6 0 , 0 1 - 8 1 . 8 1 5 3 . 5 1 9 9 . 3 1 0 0 . 9 8 0 . 6 8 9 . 4 1 9 . 4 2 6 . 4 8 5 . 4 4 2 . 4 0 2 . 3 4 7 . 2 7 6 . 2 2 0 . 1 7 8 . 0 0 8 . 0 7 7 . 0 4 6 . 0 4 6 . 0 9 4 . 0 5 2 . 0 - - - - $ 6 6 7 , 1 1 1 3 5 8 , 1 4 4 6 3 , 4 8 8 7 2 , 3 4 2 8 0 7 , 1 1 2 6 4 , 3 2 2 0 2 2 , 8 0 3 6 , 6 2 5 6 4 , 3 5 1 3 8 , 1 8 1 2 9 1 , 0 2 4 1 3 , 7 2 5 4 , 7 8 2 3 , 9 1 0 9 0 , 0 3 0 5 7 , 0 4 2 1 0 , 1 3 4 - 9 5 5 , 3 9 9 7 1 , 3 3 0 0 0 , 5 3 8 5 6 , 5 0 2 1 , 1 1 0 6 0 , 0 1 - - 3 3 4 , 6 0 0 5 , 0 5 1 9 2 5 2 , 2 9 2 5 , 8 0 0 2 , 1 5 3 4 , 5 2 - - 9 7 7 9 2 8 , 1 7 2 1 , 1 0 0 0 , 1 0 0 5 2 2 4 , 1 8 7 9 , 1 5 6 3 0 7 4 , 6 0 0 0 , 1 0 5 0 0 1 0 0 1 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F - - - - - - - - - - - - - - - - - - - - - - - - - O I L O F T R O P D E T A G E R G E S , D N U F S E I T I N U T R O P P O L L I H K A O . D T L L A N O I T A N R E T N I S L A I T N E S S E Y T U A E B . P R O C I T C A . D T L , . O C Y G O L O N H C E T E C R U O S E R Y R O L G R E V E . C N I I S C N O R T C E L E O T P O E C N E L L E C X E . . P L , D N U F A I S A L A T I P A C I Y R E V E . I D T L T N E M N A T R E T N E G N K N W I I . . P L . . P L , I I I S R E N T R A P L A T I P A C K N I L S N A R T . D T L , . O C S E I G O L O N H C E T N O S E I W P U O R G H C E T I D E M A D N U S I , I D N U F H T W O R G A N H C R E T A E R G P A Q & H . D T L L A N O I T A N R E T N I X E R E T N E . C N I , S L A C I T U E C A M R A H P A D N A H . I P R O C S L A R E T A M E C N A V D A . D T L I M X S R A T S - L L A C E T R E W O P y l r e m r o f ( . P R O C L A C M E H C O R T C E L E C E T W O P I . P R O C L E E T S N E E R G R E V E ) . P R O C Y G R E N E . C N I Y G O L O N H C E T S I S Y L A N A S L A R E T A M I . D T L , . O C Y G O L O N H C E T O L P M I S . D T L , . O C Y G O L O N H C E T S E T N I L . P R O C C X T . I P R O C S C N O R T C E L E O R C M D R U G I S I d n u F k c o t S k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S d n u F k c o t S k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S s d n o b e l b i t r e v n o C s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T . C N I ) N A M Y A C ( T N E M O M D U O L C s d n o b e l b i t r e v n o C . D T L L A N O I T A N R E T N I L A I T N E C H C E T s d n o b e l b i t r e v n o C . C N I N O I S I C E R P - L I S I P E s d n o b e l b i t r e v n o C 255 9 1 0 2 , 1 3 r e b m e c e D / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 4 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . D T L , . O C L A T I P A C C L T Financial Review s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( 9 1 0 2 , 1 3 r e b m e c e D t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 4 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . D T L , . O C L A T I P A C C L T 256 e n o N e n o N - - e n o N 2 9 1 , 6 $ e n o N 1 7 9 , 4 9 1 e n o N - e n o N 8 7 7 , 9 6 1 e n o N 6 9 3 , 8 2 1 e n o N 7 3 0 , 8 7 1 e n o N 4 3 7 , 9 7 1 e n o N 9 2 0 , 4 6 2 e n o N 0 8 8 , 7 6 e n o N 4 5 0 , 4 0 1 e n o N A N / - - - - - - - - - - - - - 2 9 1 , 6 $ 1 7 9 , 4 9 1 - - - 8 7 7 , 9 6 1 6 9 3 , 8 2 1 7 3 0 , 8 7 1 4 3 7 , 9 7 1 9 2 0 , 4 6 2 0 8 8 , 7 6 4 5 0 , 4 0 1 7 8 9 , 3 5 8 6 , 2 7 7 3 , 2 2 3 3 , 5 9 1 5 , 8 9 9 4 , 6 2 3 0 7 , 1 2 9 7 2 9 5 3 9 3 7 , 1 3 6 8 , 5 3 0 0 0 , 2 0 7 7 0 4 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F s t n e m t s e v n i r o f s t n e m y a p e r P - - - - - - - - - - - - - . D T L , . I O C P U O R G L A C N A N I F R E D N A L H G H I k c o t s d e r r e f e r P - k c o t S . C N I , O M I k c o t s d e r r e f e r P - k c o t S . D T L S E I G O L O N H C E T R E W O P 2 X k c o t s d e r r e f e r P - k c o t S . D T L O E D V E M A G I k c o t s d e r r e f e r P - k c o t S . C N I ) N A M Y A C ( T N E M O M D U O L C k c o t s d e r r e f e r P - k c o t S . D T L L A N O I T A N R E T N I E L U O J E k c o t s d e r r e f e r P - k c o t S . C N I I E D R T I N Y A L P k c o t s d e r r e f e r P - k c o t S . D T L S R E S A L T N O P G N N R U T I I k c o t s d e r r e f e r P - k c o t S . D T L , . O C S E V L A V E U L A V k c o t S . P R O C Y G O L O N H C E T Y R E T R A k c o t s d e r r e f e r P - k c o t S . P R O C L A T I P A C C M U . I D T L S G N D L O H A D E M O W D A I k c o t s d e r r e f e r P - k c o t S . D T L P U O R G A I J U O Y k c o t s d e r r e f e r P - k c o t S . D T L 7 O L A k c o t s d e r r e f e r P - k c o t S 9 1 0 2 , 1 3 r e b m e c e D / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( e n o N 6 1 9 e n o N 0 9 1 e n o N 3 0 7 D S U - D S U - D S U - e n o N 9 5 9 D S U 3 3 . 4 1 6 1 9 0 9 1 3 0 7 9 5 9 D S U - D S U - D S U - D S U - t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e n o N 1 7 3 , 6 1 D S U 7 4 . 1 1 1 7 3 , 6 1 D S U - t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e n o N 8 0 6 , 1 1 D S U 6 7 . 9 8 0 6 , 1 1 D S U 5 3 0 , 7 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e n o N 8 9 8 , 6 D S U 7 8 . 8 e n o N 7 7 0 , 2 D S U 5 3 . 5 e n o N 3 2 1 , 7 D S U 3 0 . 5 8 9 8 , 6 7 7 0 , 2 3 2 1 , 7 D S U - D S U 3 D S U 7 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F - - - - - - - - - . . P L , I I I S R E N T R A P L A T I P A C K N I L S N A R T . C N I I G N D L O H T N E M T S E V N I A I S A T T C O . . P L , V I S R E N T R A P L A T I P A C K N I L S N A R T . D T L I M X S R A T S - L L A . D T L V I P S S R A T S - L L A d n u F k c o t S d n u F k c o t S k c o t S . . C L L . , I I I T N E M E G A N A M K N I L S N A R T l a t i p a C . C N I , K C A T S T F I W S s d n o b e l b i t r e v n o C . C N I , S D R O W D U O L C s d n o b e l b i t r e v n o C . C N I , S B A L X E N C s d n o b e l b i t r e v n o C United Microelectronics Corporation | Annual Report 2019 s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( 9 1 0 2 , 1 3 r e b m e c e D t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 4 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . 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d n a s u o h t n i t n u o m A ( United Microelectronics Corporation | Annual Report 2019 r e h t O s t n e m t i m m o c e c n e r e f e r e c i r P f o n o s a e R l a s o p s i d p i h s n o i t a l e R y t r a p - r e t n u o C l a s o p s i d m o r f n o i t c e l l o c t n u o m a ) s s o L ( n i a G s d e e c o r p f o s u t a t S n o i t c a s n a r T g n i y r r a C t n u o m a n o i t i s i u q c a e t a d l a n i g i r o f o e t a D n o i t c a s n a r T f o s e m a N s e i t r e p o r p e n o N ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m 0 0 3 $ T N f o r e w o l e h t g n i d e e c x e t n u o m a h t i w e t a t s e l a e r l a u d i v i d n i f o l a s o p s i D ( 7 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 261 Financial Review ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B % 9 2 % 3 % 0 % 0 2 2 6 8 0 6 , 4 3 3 1 3 , 3 7 3 5 8 , , 6 0 7 7 3 9 5 $ , m r e T A N / A N / A N / A N / e c i r p t i n U A N / A N / A N / A N / m r e T s y a d 0 6 t e N s y a d 0 6 t e N s y a d 0 3 t e N s y a d 0 6 d n e - h t n o M % 9 3 % 3 % 1 % 1 4 6 9 , 3 3 9 , 3 0 1 3 , 9 0 2 , 1 5 8 3 , 5 0 8 5 3 3 , 6 3 7 , 7 4 $ s n o i t c a s n a r T l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A s e s a h c r u P ) s e l a S ( s e l a S s e l a S s e l a S s e l a S p i h s n o i t a l e R y r a i d i s b u S y r a i d i s b u S y r a i d i s b u S e t a i c o s s A ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l s n o i t c a s n a r T ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B % 9 9 % 1 % 0 5 0 7 9 0 1 1 , 3 7 9 7 9 1 , D S U D S U D S U m r e T A N / A N / / A N e c i r p t i n U A N / A N / / A N m r e T s y a d 0 6 t e N s y a d 0 6 t e N s y a d 0 6 t e N % 8 9 % 2 % 0 5 3 3 , 3 2 7 3 9 , 4 8 1 5 , 4 0 5 , 1 s n o i t c a s n a r T l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A D S U D S U D S U s e s a h c r u P ) s e l a S ( s e s a h c r u P s e s a h c r u P s e s a h c r u P p i h s n o i t a l e R y n a p m o c t n e r a P e t a i c o s s A e t a i c o s s A l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B % 3 9 % 7 1 7 9 6 8 1 , , 3 0 6 0 1 3 2 , Y P J Y P J m r e T A N / / A N e c i r p t i n U A N / / A N m r e T s y a d 0 6 t e N s y a d 0 6 t e N % 4 9 % 6 l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A 7 7 7 , 9 4 8 7 9 0 , 7 7 8 , 2 1 Y P J Y P J s e s a h c r u P ) s e l a S ( s e s a h c r u P s e s a h c r u P p i h s n o i t a l e R y n a p m o c t n e r a P e t a i c o s s A ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B % 8 % 3 % 1 5 3 6 1 3 , 6 0 9 1 1 , 0 2 9 4 , B M R B M R B M R m r e T A N / A N / A N / e c i r p t i n U A N / A N / A N / m r e T s y a d 5 4 t e N s y a d 0 6 t e N s y a d 0 6 t e N % 5 % 2 % 1 2 3 1 , 1 2 1 9 2 0 , 6 5 8 6 9 , 3 3 s n o i t c a s n a r T l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A B M R B M R B M R s e s a h c r u P ) s e l a S ( s e l a S s e l a S s e l a S p i h s n o i t a l e R e t a i c o s s A e t a i c o s s A e t a i c o s s A . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I N O I T A R O P R O C Y G O L O N H C E T Y A D A R A F y t r a p - r e t n u o C ) A S U ( P U O R G C M U N A P A J P U O R G C M U ) A S U ( P U O R G C M U y t r a p - r e t n u o C I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I y t r a p - r e t n u o C . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H N A P A J P U O R G C M U I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) N E M A I X ( R O T C U D N O C I M E S D E T I N U y t r a p - r e t n u o C N O I T A R O P R O C Y G O L O N H C E T Y A D A R A F N A P A J P U O R G C M U ) A S U ( P U O R G C M U ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l s n o i t c a s n a r T l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B % 2 8 3 7 7 , B M R m r e T A N / e c i r p t i n U A N / m r e T l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A s y a d 0 6 t e N % 9 7 2 5 , 6 6 1 B M R s e s a h c r u P ) s e l a S ( s e l a S p i h s n o i t a l e R e t a i c o s s A y t r a p - r e t n u o C ) A S U ( P U O R G C M U ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c f o t n e c r e p 0 2 r o n o i l l i m 0 0 1 $ T N f o r e w o l e h t g n i d e e c x e s t n u o m a s e l a s d n a s e s a h c r u p r o f s n o i t c a s n a r t y t r a p d e t a l e R ( 8 T N E M H C A T T A 262 ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U United Microelectronics Corporation | Annual Report 2019 s e l b a v i e c e r e u d r e v O e c n a l a b g n i d n E n i d e v i e c e r t n u o m A e c n a w o l l a s s o L d o i r e p t n e u q e s b u s s u t a t s n o i t c e l l o C t n u o m A r e v o n r u T ) s e m i t ( e t a r l a t o T r e h t O s e l b a v i e c e r s t n u o c c A e l b a v i e c e r s e t o N e l b a v i e c e r p i h s n o i t a l e R y t r a p - r e t n u o C - $ 5 7 1 , 5 4 9 , 5 $ - - $ 1 2 . 7 5 7 1 , 5 4 9 , 5 $ 9 6 4 , 7 $ 6 0 7 , 7 3 9 , 5 $ d o i r e p t n e u q e s b u s 0 8 1 , 1 1 9 2 8 , 5 0 3 n i n o i t c e l l o C 0 2 3 , 0 4 0 2 . 5 3 9 2 , 2 2 6 1 7 6 , 3 1 2 2 6 , 8 0 6 - $ - y r a i d i s b u S ) A S U ( P U O R G C M U y r a i d i s b u S N A P A J P U O R G C M U ) 9 1 0 2 , 1 3 r e b m e c e D f o s a k c o t s l a t i p a c f o t n e c r e p 0 2 r o n o i l l i m 0 0 1 $ T N f o r e w o l e h t g n i d e e c x e s t n u o m a h t i w s e i t r a p d e t a l e r m o r f s e l b a v i e c e R ( 9 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U s e l b a v i e c e r e u d r e v O e c n a l a b g n i d n E n i d e v i e c e r t n u o m A e c n a w o l l a s s o L d o i r e p t n e u q e s b u s s u t a t s n o i t c e l l o C t n u o m A r e v o n r u T ) s e m i t ( e t a r l a t o T r e h t O s e l b a v i e c e r s t n u o c c A e l b a v i e c e r s e t o N e l b a v i e c e r p i h s n o i t a l e R y t r a p - r e t n u o C - $ 5 3 6 , 1 3 B M R n i n o i t c e l l o C 5 2 5 , 3 B M R 4 9 . 5 5 3 6 , 1 3 B M R - $ 5 3 6 , 1 3 B M R - $ e t a i c o s s A Y G O L O N H C E T Y A D A R A F d o i r e p t n e u q e s b u s . P R O C . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H 263 Financial Review e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c n i t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a s e i n a p m o c e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N ( 0 1 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U 264 5 3 1 , 7 7 $ 5 3 1 , 7 7 $ 3 3 0 , 5 5 7 , 1 $ 0 0 . 0 0 1 8 3 4 , 6 1 8 3 4 , 6 1 D S U 8 3 4 , 6 1 3 0 8 , 2 3 0 8 , 2 8 7 3 , 2 4 1 0 0 . 0 0 1 9 1 2 4 , 5 D S U 1 2 4 , 5 6 6 9 , 2 4 3 6 6 9 , 2 4 3 9 4 0 , 6 5 7 , 3 0 0 . 0 0 1 3 6 6 , 1 7 0 0 5 , 1 8 D S U 0 0 5 , 1 8 ) 6 7 2 , 4 2 1 , 5 ( ) 6 7 2 , 4 2 1 , 5 ( 3 5 9 , 3 4 6 , 1 1 0 0 . 0 0 1 0 0 0 , 7 7 9 0 0 0 , 7 7 9 D S U 0 0 0 , 7 7 9 D S U D S U D S U D S U s e i t i v i t c a t r o p p u s g n i t e k r a M s d n a l r e h t e N e h T . V B . I ) E P O R U E ( S C N O R T C E L E O R C M D E T I N U I s e l a S C I A S U ) A S U ( P U O R G C M U g n i d l o h t n e m t s e v n I s d n a l s I n a m y a C . P R O C L A T I P A C C M U g n i d l o h t n e m t s e v n I a o m a S D E T I M I L H T R A E N E E R G 5 6 5 , 4 2 5 6 5 , 4 2 2 1 9 , 3 7 2 , 4 0 0 . 0 0 1 6 5 9 , 7 9 3 0 0 0 , 0 1 6 , 4 0 0 0 , 0 1 6 , 4 l a t i p a c e r u t n e V n a w i a T , y t i C i e p i a T . D T L , . O C L A T I P A C C L T ) 6 8 8 ( ) 6 8 8 ( 2 2 0 , 2 4 0 0 . 0 0 1 0 2 5 , 1 0 2 5 , 1 D S U 0 2 5 , 1 D S U g n i d l o h t n e m t s e v n I a o m a S D E T I M I L ) A O M A S ( T N E M T S E V N I C M U ) 0 5 7 , 8 2 1 ( ) 5 6 2 , 9 1 1 ( 1 3 3 , 8 9 3 , 4 0 0 . 0 0 1 4 3 7 , 1 0 4 3 5 0 , 0 6 1 , 4 3 5 0 , 0 4 4 , 3 e r u t n e v r o f g n i n n a l p d n a g n i t l u s n o C n a w i a T , y t i C i e p i a T . P R O C L A T I P A C E R U T N E V E N U T R O F 7 6 4 , 7 4 9 7 9 0 4 9 2 1 3 , 1 3 7 6 4 , 7 4 9 7 9 0 4 9 2 1 3 , 1 3 6 1 1 , 5 9 9 9 4 , 0 2 2 0 7 , 0 9 5 0 4 8 , 1 2 1 0 0 . 0 0 1 0 0 . 0 0 1 1 0 1 1 0 0 0 , 0 6 Y P J 0 0 0 , 0 6 Y P J s e l a S C I l a t i p a c 0 0 0 , 0 5 5 W R K 0 0 0 , 0 5 5 W R K s e i t i v i t c a t r o p p u s g n i t e k r a M 0 0 . 0 0 1 0 0 3 , 4 0 0 3 , 4 D S U 0 0 3 , 4 0 0 . 0 0 1 0 0 6 , 2 0 0 6 , 2 D S U 0 0 6 , 2 g n i d l o h t n e m t s e v n I g n i d l o h t n e m t s e v n I n a p a J a e r o K a o m a S a o m a S . D T L , . O C A E R O K C M U N A P A J P U O R G C M U D E T I M I L L A B O L G I N M O D E T I M I L N O G A R A P O N I S D S U D S U D S U e t o N 7 8 7 , 0 7 2 7 8 7 , 0 7 2 3 3 2 , 5 1 5 , 7 1 0 0 . 0 0 1 7 4 2 , 6 1 1 4 7 9 , 9 9 9 , 9 Y P J 8 6 0 , 1 2 4 , 4 6 Y P J d e t a r g e t n i f o g n i r u t c a f u n a m d n a s e l a S n a p a J . D T L , . O C N A P A J R O T C U D N O C M E S D E T I N U I ) 8 7 9 , 1 2 2 ( ) 5 1 1 , 9 7 2 ( 5 3 0 , 0 6 2 ) 0 0 7 , 0 0 2 ( ) 2 0 3 , 0 2 4 ( ) 0 5 8 , 0 4 1 ( ) 5 9 1 , 4 2 ( 1 3 1 , 3 1 7 5 1 , 8 1 8 6 0 , 9 8 6 5 0 , 1 7 6 6 0 , 2 1 2 0 6 6 , 2 4 6 0 4 6 , 7 7 1 1 3 6 , 1 8 2 , 2 2 2 2 , 2 6 9 2 5 8 , 3 4 6 , 2 3 9 1 , 8 7 3 , 4 8 7 2 , 1 5 8 9 0 , 6 6 1 4 3 9 , 9 2 8 , 3 ) 9 5 8 , 4 1 ( ) 0 6 8 , 7 0 1 ( 9 9 4 , 0 7 4 , 1 3 8 . 9 7 5 7 . 7 4 4 4 . 5 4 0 0 . 2 4 0 0 . 0 4 9 4 . 6 3 7 8 . 0 3 8 7 . 3 1 8 4 9 , 4 4 1 2 8 4 , 7 0 7 , 1 0 6 6 , 4 9 8 , 1 d e t a r g e t n i f o g n i r u t c a f u n a m d n a s e l a S n a w i a T , y t n u o C u h c n i s H s t i u c r i c s t i u c r i c I N O I T A R O P R O C S C N O R T C E L E O R C M K E T E V A W I 8 9 9 , 3 3 1 9 7 , 6 5 9 , 5 1 9 7 , 6 5 9 , 5 r e w o p r a l o s f o g n i r u t c a f u n a m d n a s e l a S n a w i a T , y t i C g n u h c i a T . P R O C Y G O L O N H C E T R E W O P X E N 0 0 0 , 2 1 0 0 0 , 2 1 D G S 0 0 0 , 2 1 0 0 0 , 1 2 0 0 0 , 1 2 D S U 0 0 0 , 1 2 D G S D S U s e i r e t t a b g n i d l o h t n e m t s e v n I e r o p a g n i S . D T L . I E T P S G N D L O H C I T M g n i d l o h t n e m t s e v n I s d n a l s I n i g r i V h s i t i r B . C N I L A T I P A C H C E T I N U 0 0 0 , 7 3 2 0 0 0 , 0 8 6 , 1 0 0 0 , 0 7 3 , 2 g n i d l o h t n e m t s e v n I n a w i a T , y t i C i e p i a T N O I T A R O P R O C L A T I P A C T H G N K R T I I 0 8 2 , 7 7 2 1 4 2 , 6 3 3 1 4 2 , 6 3 3 g n i d l o h t n e m t s e v n I n a w i a T , y t i C i e p i a T . D T L , . O C T N E M T S E V N I H E I H C N U S H 0 0 0 , 6 4 0 0 0 , 0 0 3 , 2 0 0 0 , 0 0 3 , 2 g n i d l o h t n e m t s e v n I n a w i a T , y t i C i e p i a T . D T L , . O C T N E M T S E V N I N A U Y N N A Y 0 4 2 , 4 3 8 1 9 , 8 3 8 1 9 , 8 3 d e t a r g e t n i c i f i c e p s - n o i t a c i l p p a f o n g i s e D n a w i a T , y t i C u h c n i s H N O I T A R O P R O C Y G O L O N H C E T Y A D A R A F t i u c r i c . 9 1 0 2 , 1 r e b o t c O n o y t i t n e d e t a d i l o s n o c e m a c e b . D T L , . O C N A P A J R O T C U D N O C M E S D E T I N U e h T I : e t o N 1 2 8 , 0 7 8 1 2 8 , 0 7 8 5 0 0 , 3 8 1 , 3 2 0 0 . 0 0 1 6 6 9 , 4 6 6 2 0 1 , 9 0 3 D S U 2 0 1 , 9 0 3 g n i d l o h t n e m t s e v n I s d n a l s I n i g r i V h s i t i r B D E T I M I L L A N O I T A N R E T N I E T I L E T S E B United Microelectronics Corporation | Annual Report 2019 e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c n i t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a s e i n a p m o c e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N ( 0 1 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . P R O C L A T I P A C E R U T N E V E N U T R O F ) 5 3 8 , 2 ( ) 0 8 3 , 6 ( ) 3 6 0 , 2 2 ( $ ) 3 6 0 , 2 2 ( $ 4 6 1 , 7 8 3 2 , 1 6 $ ) 4 5 6 , 0 4 1 ( ) 2 0 3 , 0 2 4 ( $ ) 0 1 7 , 8 9 ( - ) 2 0 5 , 1 4 ( 5 1 3 , 7 4 ) 5 7 8 , 1 ( - ) 7 8 0 , 5 6 1 ( 1 0 9 , 9 4 2 ) 5 1 1 , 9 7 2 ( - 3 7 9 , 1 2 1 6 6 8 , 6 7 2 4 2 4 , 3 0 0 . 0 0 1 5 5 6 8 1 , 2 5 7 , 0 0 1 $ 2 5 7 , 0 0 1 $ s e c i v r e S l a c i n h c e T y g r e n E n a w i a T , y t i C u h c n i s H . D T L , . O C T N E M P O L E V E D Y G R E N E A R E T 5 4 . 4 4 6 4 . 3 3 8 7 . 2 3 4 1 . 5 2 0 9 . 1 2 6 6 . 0 0 0 0 , 1 - 0 0 0 , 0 1 & s t c u d o r p n o i t a r t l i f d n a s l a c i m e h C n a w i a T , y t i C u h c n i s H . C N I L I F M U R U P I e c i v r e s l o r t n o c n o i t a n i m a t n o c o r c i M 7 2 8 , 3 2 0 3 6 , 8 8 6 , 1 0 3 6 , 8 8 6 , 1 r e w o p r a l o s f o g n i r u t c a f u n a m d n a s e l a S n a w i a T , y t i C g n u h c i a T . P R O C Y G O L O N H C E T R E W O P X E N 4 9 1 , 1 6 5 8 , 8 2 3 9 , 3 1 9 3 4 , 3 8 2 6 5 8 , 8 8 0 5 , 7 7 2 0 0 9 , 5 0 0 9 , 5 R U E 0 0 9 , 5 0 0 5 2 2 , 0 0 5 , 2 2 D S U 0 0 5 , 2 2 R U E D S U d e t a r g e t n i f o g n i r u t c a f u n a m d n a s e l a S n a w i a T , y t n u o C u h c n i s H s t i u c r i c t n e i l c n i h T n a w i a T , y t i C i e b n i X I N O I T A R O P R O C S C N O R T C E L E O R C M K E T E V A W I . P R O C N O R T N E I L C D E T I M I L g n i d l o h t n e m t s e v n I g n o k g n o H G N O K G N O H N O I T A R O P R O C D E L D E T I N U t c e j o r p r a l o S s e i r e t t a b y n a m r e G H B M G N E I L I B O M M I I O C A N W I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) 0 6 5 , 3 ( $ ) 4 4 0 , 7 3 ( ) 0 1 1 , 9 ( ) 5 3 0 , 1 5 ( ) 0 ( ) 0 6 5 , 3 ( $ ) 1 3 4 , 3 3 1 ( ) 4 2 2 , 4 3 ( 4 6 2 , 0 1 $ 0 6 0 , 2 2 1 2 9 5 ) 1 ( - ) 2 0 3 , 0 2 4 ( ) 6 1 8 , 5 3 ( 0 0 . 0 0 1 0 0 . 0 3 0 9 . 5 2 4 1 . 2 1 - 0 0 9 0 0 0 , 6 1 5 2 , 4 5 4 6 8 , - 0 0 9 D S U 0 0 9 0 0 0 , 6 D S U 0 0 0 , 6 D S U D S U g n i d l o h t n e m t s e v n I g n i d l o h t n e m t s e v n I a o m a S a o m a S . P R O C L A T I P A C H E I H C N U S H . P R O C L A T I P A C G N R A O S I 6 1 9 , 5 9 9 1 0 , 8 8 8 1 8 5 , 2 2 - 6 1 9 , 5 9 9 1 0 , 8 8 8 s e l b a m u s n o c d n a s t n e g a e r , t n e m p i u q e g n i r u s a e m , s e c i v e d l a c i d e M n a w i a T , y t i C i e p i a T . D T L , . O C E S N E S V r e w o p r a l o s f o g n i r u t c a f u n a m d n a s e l a S n a w i a T , y t i C g n u h c i a T . P R O C Y G O L O N H C E T R E W O P X E N s e i r e t t a b g n i d l o h t n e m t s e v n I n a w i a T , y t i C i e p i a T . C N I , S T N E M T S E V N I I L G N U Y . D T L , . O C L A T I P A C C L T e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I 6 D S U 6 D S U 2 5 5 D S U 0 0 . 0 0 1 5 1 8 , 1 D S U 3 4 8 , 1 2 D S U 2 4 7 , 5 D S U 8 3 . 0 1 - 0 0 2 0 0 2 D S U 0 0 2 6 3 0 , 4 D S U 6 3 0 , 4 D S U D S U g n i d l o h t n e m t s e v n I A S U ) A S U ( L A T I P A C C M U g n i d l o h t n e m t s e v n I s d n a l s I n a m y a C . . P L , I S R E N T R A P L A T I P A C K N I L S N A R T . P R O C L A T I P A C C M U e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I . D T L , . O C T N E M P O L E V E D Y G R E N E A R E T - - - - - - 3 4 4 , 7 $ 3 4 4 , 7 $ 9 6 4 , 8 3 $ - 0 0 . 0 0 1 0 0 . 2 1 - 0 5 7 0 6 1 2 , 0 5 7 0 6 1 , 2 0 2 1 , 1 R U E - D S U 0 5 7 R U E 0 6 1 , 2 D S U R U E g n i d l o h t n e m t s e v n I g n o k g n o H ) K H ( T N E M T S E V N I Y G R E N E H C R R E V E I D E T I M I L t c e j o r p r a l o S t c e j o r p r a l o S y n a m r e G y n a m r e G H B M G 1 T K E J O R P R A L O S O C A N W I I H B M G N E I L I B O M M I I O C A N W I 265 Financial Review e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I D E T I M I L ) A O M A S ( T N E M T S E V N I S C I N O R T C E L E O R C I M K E T E V A W D E T I M I L ) A O M A S ( ) 0 2 9 , 6 ( $ ) 0 2 9 , 6 ( $ 4 2 1 , 2 $ 0 0 . 0 0 1 0 0 5 , 1 0 0 5 , 1 D S U 0 0 5 , 1 D S U g n i d l o h t n e m t s e v n I a o m a S T N E M T S E V N I I S C N O R T C E L E O R C M K E T E V A W I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c n i t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a s e i n a p m o c e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N ( 0 1 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 266 N O I T A R O P R O C S C I N O R T C E L E O R C I M K E T E V A W e t o N e t o N 7 3 2 $ 7 3 2 $ 7 7 7 , 2 $ 0 0 . 0 0 1 0 6 0 6 D S U 0 6 D S U e c i v r e s g n i t e k r a m d n a s e l a S A S U I N O I T A R O P R O C S C N O R T C E L E O R C M K E T E V A W I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I . P R O C Y G O L O N H C E T R E W O P X E N ) A S U ( ) 5 1 9 , 9 8 ( $ ) 5 1 9 , 9 8 ( $ - $ - - 7 3 6 , 3 R U E - t n a l p r e w o p c i a t l o v o t o h P y l a t I . . . L R S 1 A I L A T I X E N L A C O S I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I 6 7 6 , 7 7 8 $ 6 7 6 , 7 7 8 $ 8 6 4 , 3 1 1 , 3 2 $ 0 0 . 0 0 1 - 0 0 0 , 4 5 3 D S U 0 0 0 , 4 5 3 D S U g n i d l o h t n e m t s e v n I s d n a l s I n i g r i V h s i t i r B D E T I M I L Y G O L O N H C E T E N H S O F N I I D E T I M I L L A N O I T A N R E T N I E T I L E T S E B e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I 6 7 6 , 7 7 8 $ 6 7 6 , 7 7 8 $ 8 6 4 , 3 1 1 , 3 2 $ 0 0 . 0 0 1 - 0 0 0 , 4 5 3 D S U 0 0 0 , 4 5 3 D S U g n i d l o h t n e m t s e v n I s d n a l s I n i g r i V h s i t i r B I D E T I M I L S E T A C O S S A D O O W K A O D E T I M I L Y G O L O N H C E T E N I H S O F N I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I 0 2 $ 3 8 5 , 1 ) 9 6 1 ( 0 8 5 , 9 2 0 2 $ 3 8 5 , 1 ) 9 6 1 ( 0 8 5 , 9 2 6 5 2 , 0 3 $ 4 6 1 , 5 3 7 4 6 , 6 3 5 8 0 9 , 8 0 0 . 0 0 1 0 0 . 0 0 1 0 0 0 5 9 D S U 0 5 9 0 0 0 , 1 D S U 0 0 0 , 1 0 0 . 0 0 1 0 0 0 , 9 0 0 0 , 9 D S U 0 0 0 , 9 D S U D S U D S U t n e m p o l e v e D & h c r a e s e R A S U N O I T A R O P R O C Y G O L O N H C E T O R C M D E T I N U I ) K R O Y W E N ( t n e m p o l e v e D & h c r a e s e R A S U N O I T A R O P R O C Y G O L O N H C E T O R C M D E T I N U I e c n a r u s n I e r o p a g n i S . D T L . E T P A T I V P C E ) I A N R O F I L A C ( 0 0 . 0 0 1 4 0 0 0 , 5 3 Y P J 0 0 0 , 5 3 Y P J y g o l o n h c e t g n i r u t c a f u n a m r o t c u d n o c i m e S n a p a J . D T L , . O C N A P A J Y G O L O N H C E T C M U s e c i v r e s g n i t l u s n o c d n a t n e m p o l e v e d D E T I M I L L A B O L G I N M O . 9 1 0 2 r e b m e v o N n i d e s o p s i d s a w . . . L R S 1 A I L A T I X E N L A C O S : I e t o N United Microelectronics Corporation | Annual Report 2019 e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) 9 0 8 , 4 2 1 , 5 ( $ ) 9 0 8 , 4 2 1 , 5 ( $ 2 4 3 , 7 1 6 , 1 1 $ 0 0 . 0 0 1 0 5 0 , 4 7 9 0 5 0 , 4 7 9 D S U 0 5 0 , 4 7 9 D S U g n i d l o h t n e m t s e v n I n a m y a C N O I T A R O P R O C P I H C O R C M D E T I N U I ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c n i t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a s e i n a p m o c e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N ( 0 1 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( D E T I M I L H T R A E N E E R G 267 Financial Review - $ 8 5 0 , 0 1 $ ) 2 9 3 , 4 2 9 8 , 1 3 1 D S U ( 9 7 9 , 7 3 ) i i i ( ) 9 2 5 , 3 ( $ ) i i i ( 5 0 5 , 7 % 0 0 . 0 0 1 ) 9 2 5 , 3 ( $ % 0 0 . 0 0 1 5 0 5 , 7 ) 0 0 8 4 2 0 4 2 $ , ) 0 5 7 3 2 5 , 2 2 8 0 1 , 8 0 6 D S U ( D S U ( B M R ( ) 0 5 2 0 2 , D S U ( - - - - ) i i ( 7 5 6 , 6 0 1 ) 7 2 8 , 4 2 B M R ( ) ) 0 1 3 , 9 ( B M R ( ) 6 9 9 , 9 3 ( % 4 1 . 5 2 ) 4 9 0 , 9 5 1 ( ) ) 3 3 0 , 7 3 ( 9 3 1 , 9 1 2 ) 0 1 0 , 1 5 B M R ( ) i i ( ) i i i ( 0 5 7 , 4 3 ) 9 8 0 , 8 B M R ( % 4 1 . 8 9 2 1 4 , 5 3 ) 3 4 2 , 8 B M R ( - 9 1 1 , 9 4 3 , 2 2 ) 9 0 3 , 2 0 2 , 5 B M R ( ) 0 0 3 , 9 9 1 B M R ( ) 4 e t o N ( 3 9 1 , 6 5 8 % 4 1 . 8 9 2 6 4 , 2 7 8 ) 7 8 0 , 3 0 2 3 3 3 , 2 8 2 9 , B M R ( ) 2 0 1 9 0 3 , D S U ( 2 5 7 , 7 4 9 , 4 1 ) 8 5 4 , 9 7 4 , 3 ) 2 7 3 , 6 9 2 , 6 ( % 5 9 . 4 6 ) 1 1 6 , 4 9 6 , 9 ( 9 2 9 , 7 7 9 8 2 , B M R ( ) ) 6 3 6 , 5 6 4 , 1 ( B M R ( ) ) 0 6 6 , 6 5 2 , 2 ( B M R ( ) 6 6 9 4 6 9 , D S U ( ) i i ( ) 5 e t o N ( 4 1 6 , , 2 8 0 4 2 1 $ 2 8 5 , 0 8 8 8 4 $ , , ) 5 2 7 7 2 6 1 D S U , ( 7 1 9 , 4 1 9 , 8 3 $ ) 8 6 8 , 5 9 2 , 1 D S U ( - $ - $ - - - - - - - - - - ) 0 0 8 4 2 0 4 2 $ , ) 0 5 7 3 2 5 2 2 , 8 0 1 , 8 0 6 ) 0 5 2 0 2 , D S U ( . P R O C ) 0 0 8 D S U ( L A T I P A C G N R A O S ) i i ( I 4 2 0 4 2 $ , y r o s i v d a d n a g n i d l o H t n e m t s e v n I . D T L , . O C ) I A H G N A H S ( R O S I V D A H T U R T I N U D E T I M I L D S U ( ) K H ( T N E M T S E V N I Y G R E N E H C R R E V E ) i i ( I ) 0 5 7 3 2 5 2 2 , D S U ( s e c i v r e s . D T L , . O C Y G R E N E n g i s e d d e t a r g e t n i g n i r e e n i g n e r a l o S ) G N O D N A H S ( I H C R R E V E D E T I M I L G N O K D S U ( G N O H N O I T A R O P R O C ) 0 0 0 4 8 , D S U ( s r e f a w l a i x a t i p e D E L n i D E L D E T I N U ) i i ( 0 2 5 , 2 2 5 2 , s e l a s d n a g n i r u t c a f u n a m , h c r a e s e R N O I T A R O P R O C D E L D E T I N U 3 3 3 , 2 8 2 9 , ) 2 0 1 9 0 3 , D S U ( D E T I M I L S E T A C O S S A I D O O W K A O ) i i ( 0 4 7 8 6 7 , , 3 1 ) 4 1 0 , 5 0 2 3 , B M R ( f o g n i r u t c a f u n a m d n a s e l a S s t i u c r i c d e t a r g e t n i Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( - Y G O L O N H C E T N A I J E H ) i i i ( 0 8 8 8 2 1 , s t i u c r i c d e t a r g e t n i f o t r o p p u s n g i s e D I R O T C U D N O C M E S S D D E T I N U . D T L , . O C ) U O H Z U S ( ) 0 0 0 , 0 3 B M R ( . D T L , . O C ) G N O D N A H S ( ) 5 e t o N ( ) 6 6 9 4 6 9 , 9 2 9 , 7 7 9 8 2 , Y G O L O N H C E T N A I J E H ) i i i ( . D T L , . O C ) U O H Z U S ( D S U ( d n a N O I T A R O P R O C ) 4 9 7 7 9 6 , , 2 1 B M R ( s t i u c r i c d e t a r g e t n i . D T L , . O C ) N E M A X I ( I P I H C O R C M D E T I N U ) i i ( 3 2 7 9 4 5 , , 4 5 f o g n i r u t c a f u n a m d n a s e l a S R O T C U D N O C M E S D E T I N U I t n e m t s e v n i n o t i m i l r e p p U A E O M , n o i s s i m m o C 9 1 0 2 , 1 3 r e b m e c e D t n e m t s e v n I y b d e z i r o h t u a s t n u o m a t n e m t s e v n I f o s a a n i h C d n a l n i a M n i t n e m t s e v n i d e t a l u m u c c A d r a w n i d e t a l u m u c c A s g n i n r a e f o e c n a t t i m e r t n u o m a g n i y r r a C e m o c n i t n e m t s e v n I w o l f t u o d e t a l u m u c c A m o r f t n e m t s e v n i f o f o s a f o s a d e z i n g o c e r ) s s o l ( f o e g a t n e c r e P f o ) s s o l ( e m o c n i t e N f o s a n a w i a T s w o l f t n e m t s e v n I d e t a l u m u c c A f o w o l f t u o m o r f t n e m t s e v n i f o s a n a w i a T t n e m t s e v n i f o d o h t e M 9 1 0 2 , 1 3 r e b m e c e D 9 1 0 2 , 1 3 r e b m e c e D ) 2 e t o N ( p i h s r e n w o y n a p m o c e e t s e v n i 9 1 0 2 , 1 3 r e b m e c e D w o l f n I w o l f t u O 9 1 0 2 , 1 y r a u n a J ) 1 e t o N ( f o t n u o m a l a t o T l a t i p a c n i - d i a p s t c u d o r p d n a s e s s e n i s u b n i a M y n a p m o c e e t s e v n I ) 9 1 0 2 , 1 3 r e b m e c e D f o s a a n i h C d n a l n i a M n i t n e m t s e v n I ( 1 1 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 268 A E O M , n o i s s i m m o C t n e m t s e v n I e h t y b d e v o r p p a n e e b s a h t n e m t s e v n i e h T . e e t s e v n i y t i u q e n a , D E T I M I L L A N O I T A N R E T N I E T I L E T S E B n i t n e m t s e v n i a i v . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H n i d e t s e v n i y l t c e r i d n i y n a p m o C e h T . e t a d t r o p e r l a i c n a n i f e h t t a s e t a r t o p s e h t g n i s u s r a l l o D n a w i a T w e N o t n i d e t a l s n a r t e r a s e i c n e r r u c n g i e r o f n i d e t a n i m o n e d s t n u o m a t n e m t s e v n i l a i t i n I : : 3 e t o N 4 e t o N . d e t t i m e r l l a n e e b s a h t n e m t s e v n i f o t n u o m a e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A . d n a s u o h t 9 6 5 , 3 8 3 D S U f o t n u o m a l a t o t e h t n i . d e t t i m e r l l a n e e b s a h t n e m t s e v n i f o t n u o m a e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A . d n a s u o h t 6 5 3 , , 2 2 2 1 D S U f o t n u o m a l a t o t e h t n i A E O M , n o i s s i m m o C t n e m t s e v n I e h t y b d e v o r p p a n e e b s a h t n e m t s e v n i s ' M X C S U n i t s e v n i o t t n e s n o c e h T . D E T I M I L H T R A E N E E R G n i t n e m t s e v n i a i v M X C S U n i d e t s e v n i y l t c e r i d n i d n a . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H m o r f ) M X C S U ( . D T L , . O C ) N E M A X I ( I R O T C U D N O C M E S D E T I N U o t t n e m t s e v n i e h T : 5 e t o N . ) n o i g e r d r i h t n i y n a p m o c e h t f o e m a n e h t y f i c e p s e s a e l P ( n o i g e r d r i h t a n i d e r e t s i g e r s e i n a p m o c h g u o r h t a n i h C d n a l n i a M n i t n e m t s e v n i y l t c e r i d n I ) i i ( : s i s a b g n i w o l l o f e h t n o d e s a b d e n i m r e t e d e r e w ) s s o l ( e m o c n i t n e m t s e v n i e h t , d o i r e p t n e r r u c n i d e z i n g o c e r ) s s o l ( e m o c n i t n e m t s e v n i e h T : 2 e t o N . s d o h t e m r e h t O ) i i i ( : g n i w o l l o f e h t e d u l c n i a n i h C d n a l n i a M n i t n e m t s e v n i n i g n i g a g n e r o f s d o h t e m e h T : 1 e t o N . a n i h C d n a l n i a M n i t n e m t s e v n i t c e r i D ) i ( . m r i f g n i t n u o c c a . . . C O R n a h t i w n o i t a r e p o o c n i m r i f g n i t n u o c c a c i l b u p d e i f i t r e c l a n o i t a n r e t n i n a y b d e t i d u a s a w t r o p e r l a i c n a n i f e h T ) i ( . y n a p m o c t n e r a p e h t f o s r o t i d u a e h t y b d e t i d u a e r e w s t n e m e t a t s l a i c n a n i f e h T ) i i ( . s r e h t O ) i i i ( United Microelectronics Corporation | Annual Report 2019 d e t i n U f o s t e e h s e c n a l a b y l n o y n a p m o c t n e r a p g n i y n a p m o c c a e h t d e t i d u a e v a h e W d e t a l e r e h t d n a , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a ) ” y n a p m o C “ e h t ( n o i t a r o p r o C s c i n o r t c e l e o r c i M r o f s w o l f h s a c d n a y t i u q e n i s e g n a h c , e m o c n i e v i s n e h e r p m o c f o s t n e m e t a t s y l n o y n a p m o c t n e r a p l a i c n a n i f y l n o y n a p m o c t n e r a p e h t o t s e t o n d n a , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t y n a p m o c t n e r a p e h t “ r e h t e g o t ( s e i c i l o p g n i t n u o c c a t n a c i f i n g i s f o y r a m m u s e h t g n i d u l c n i , s t n e m e t a t s . ) ” s t n e m e t a t s l a i c n a n i f y l n o r e h t O e h t o t r e f e r e s a e l p ( s r o t i d u a r e h t o f o s t r o p e r e h t d n a s t i d u a r u o n o d e s a b , n o i n i p o r u o n I t n e r a p e h t , ) t r o p e r r u o f o n o i t c e s s r o t i d u A t n e n o p m o C f o s t i d u A e h t o t e c n e r e f e R g n i k a M – r e t t a M e h t , s t c e p s e r l a i r e t a m l l a n i , y l r i a f t n e s e r p e v o b a o t d e r r e f e r s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c e c n a m r o f r e p l a i c n a n i f s t i d n a , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a y n a p m o C e h t f o n o i t i s o p l a i c n a n i f e h t h t i w y t i m r o f n o c n i , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f s w o l f h s a c d n a s e i t i r u c e S y b s t r o p e R l a i c n a n i F f o n o i t a r a p e r P e h t g n i n r e v o G s n o i t a l u g e R e h t f o s t n e m e r i u q e r n o i n i p O r o f s i s a B . s r e u s s I f o n o i t a t s e t t A d n a g n i t i d u A g n i n r e v o G s n o i t a l u g e R e h t h t i w e c n a d r o c c a n i s t i d u a r u o d e t c u d n o c e W n i d e t p e c c a y l l a r e n e g s d r a d n a t s g n i t i d u a d n a s t n a t n u o c c A c i l b u P d e i f i t r e C y b s t n e m e t a t S l a i c n a n i F e h t n i d e b i r c s e d r e h t r u f e r a s d r a d n a t s e s o h t r e d n u s e i t i l i b i s n o p s e r r u O . a n i h C f o c i l b u p e R e h t n o i t c e s s t n e m e t a t S l a i c n a n i F y l n O y n a p m o C t n e r a P e h t f o t i d u A e h t r o f s e i t i l i b i s n o p s e R ’ s r o t i d u A l a n o i s s e f o r P f o m r o N e h t h t i w e c n a d r o c c a n i y n a p m o C e h t f o t n e d n e p e d n i e r a e W . t r o p e r r u o f o d e l l i f l u f e v a h e w d n a , ) ” m r o N “ e h t ( a n i h C f o c i l b u p e R e h t f o t n a t n u o c c A c i l b u P d e i f i t r e C r o f s c i h t E s t r o p e r e h t d n a s t i d u a r u o n o d e s a B . m r o N e h t h t i w e c n a d r o c c a n i s e i t i l i b i s n o p s e r l a c i h t e r e h t o r u o e t a i r p o r p p a d n a t n e i c i f f u s s i d e n i a t b o e v a h e w e c n e d i v e t i d u a e h t t a h t e v e i l e b e w , s r o t i d u a r e h t o f o . n o i n i p o r u o r o f s i s a b a e d i v o r p o t s r e t t a M t i d u A y e K e s e n i h C m o r f d e t a l s n a r T t r o p e R ’ s r o t i d u A t n e d n e p e d n I n o i t a r o p r o C s c i n o r t c e l e o r c i M d e t i n U o T n o i n i p O . . C O R . N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U Y L N O Y N A P M O C T N E R A P S T N E M E T A T S L A I C N A N I F S R O T I D U A T N E D N E P E D N I F O T R O P E R H T I W D E D N E S R A E Y E H T R O F 8 1 0 2 D N A 9 1 0 2 , 1 3 R E B M E C E D , n a w i a T , y t i C u h c n i s H , k r a P e c n e i c S u h c n i s H , I I d a o R n i s H - i L 3 . o N : s s e r d d A 8 5 2 2 - 8 7 5 - 3 - 6 8 8 : e n o h p e l e T n i e c n a c i f i n g i s t s o m f o e r e w , t n e m g d u j l a n o i s s e f o r p r u o n i , t a h t s r e t t a m e s o h t e r a s r e t t a m t i d u a y e K e h t n i d e s s e r d d a e r e w s r e t t a m e s e h T . s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p 9 1 0 2 f o t i d u a r u o r u o g n i m r o f n i d n a , e l o h w a s a s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t f o t i d u a r u o f o t x e t n o c . s r e t t a m e s e h t n o n o i n i p o e t a r a p e s a e d i v o r p t o n o d e w d n a , n o e r e h t n o i n i p o e h t n I . e s e n i h C n i y l l a n i g i r o d e r a p e r p n e e b e v a h s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p t a h t d e s i v d a s i r e d a e r e h T n o i t a t e r p r e t n i n i e c n e r e f f i d r o n o i s r e v e s e n i h C l a n i g i r o e h t d n a s t n e m e t a t s l a i c n a n i f e s e h t n e e w t e b t c i l f n o c a f o t n e v e . l i a v e r p l l a h s s t n e m e t a t s l a i c n a n i f e g a u g n a l e s e n i h C e h t , s n o i s r e v o w t e h t n e e w t e b 269 Financial Review t n e r a P e h t r o f e c n a n r e v o G h t i w d e g r a h C e s o h T d n a t n e m e g a n a M f o s e i t i l i b i s n o p s e R s t n e m e t a t S l a i c n a n i F y l n O y n a p m o C y l n o y n a p m o c t n e r a p e h t f o n o i t a t n e s e r p r i a f d n a n o i t a r a p e r p e h t r o f e l b i s n o p s e r s i t n e m e g a n a M e h t g n i n r e v o G s n o i t a l u g e R e h t f o s t n e m e r i u q e r e h t h t i w e c n a d r o c c a n i s t n e m e t a t s l a i c n a n i f t n e m e g a n a m s a l o r t n o c l a n r e t n i h c u s r o f d n a s r e u s s I s e i t i r u c e S y b s t r o p e R l a i c n a n i F f o n o i t a r a p e r P t a h t s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p f o n o i t a r a p e r p e h t e l b a n e o t y r a s s e c e n s i s e n i m r e t e d . r o r r e r o d u a r f o t e u d r e h t e h w , t n e m e t a t s s i m l a i r e t a m m o r f e e r f e r a g n i s s e s s a r o f e l b i s n o p s e r s i t n e m e g a n a m , s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t g n i r a p e r p n I d e t a l e r s r e t t a m , e l b a c i l p p a s a , g n i s o l c s i d , y n a p m o C e h t f o n r e c n o c g n i o g a s a e u n i t n o c o t y t i l i b a e h t s d n e t n i r e h t i e t n e m e g a n a m s s e l n u g n i t n u o c c a f o s i s a b n r e c n o c g n i o g e h t g n i s u d n a n r e c n o c g n i o g o t . o s o d o t t u b e v i t a n r e t l a c i t s i l a e r o n s a h r o , s n o i t a r e p o e s a e c o t r o y n a p m o C e h t e t a d i u q i l o t e h t g n i e e s r e v o r o f e l b i s n o p s e r e r a , e e t t i m m o c t i d u a g n i d u l c n i , e c n a n r e v o g h t i w d e g r a h c e s o h T . y n a p m o C e h t f o s s e c o r p g n i t r o p e r l a i c n a n i f e h t s A . n o i l l i m 5 0 3 , 6 1 $ T N o t d e t n u o m a s e i r o t n e v n i t e n s ’ y n a p m o C e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A o t d a h t n e m e g a n a m , y g o l o n h c e t n i s e g n a h c d i p a r y b d e z i r e t c a r a h c s i y r t s u d n i r o t c u d n o c i m e s r o f f o - n e t t i r w e b o t d e t c e p x e e r a t a h t s e i r o t n e v n i g n i v o m w o l s - r o f e v r e s e r a e t a m i t s e d n a e t a u l a v e s a w s e i r o t n e v n i g n i v o m w o l s - r o f n o i t a u l a v e h t g n i t i d u A . e t a d e r u t u f a t a f o d e s o p s i d e s i w r e h t o e h t f o t n u o m a e t a i r p o r p p a e h t f o n o i t a m i t s e s ’ y n a p m o C e h t n i d e v l o v n i t n e m e g d u j o t e u d x e l p m o c s e i t i v i t c a f f o - e t i r w , e g a s u l a c i r o t s i h g n i d u l c n i s t u p n i y e k g n i z i l i t u , e v r e s e r s e i r o t n e v n i g n i v o m w o l s - . r e t t a m t i d u a y e k a s i s i h t r e d i s n o c e w , e r o f e r e h T . g n i g a y r o t n e v n i d n a f o s s e n e v i t c e f f e g n i t a r e p o e h t d e t s e t d n a n g i s e d e h t d e t a u l a v e , g n i d n a t s r e d n u n a d e n i a t b o e W e w , e l p m a x e r o F . s s e c o r p e v r e s e r s e i r o t n e v n i g n i v o m w o l s - s ’ y n a p m o C e h t r e v o s l o r t n o c l a n r e t n i e h t n i d e s u s t u p n i y e k e h t d n a d o h t e m e v r e s e r e h t f o w e i v e r s ’ t n e m e g a n a m r e v o l o r t n o c e h t d e t s e t , d e d u l c n i s e r u d e c o r p t i d u a r u o , e v r e s e r s e i r o t n e v n i g n i v o m w o l s - e h t t s e t o T . s s e c o r p n o i t a u l a v y r o t n e v n i f o n o i t a n i m r e t e d s ’ t n e m e g a n a m f o s s e n e t a i r p o r p p a e h t f o n o i t a u l a v e n a , s r e h t o t s g n o m a d n a e g a s u l a c i r o t s i h s a h c u s a t a d g n i y l r e d n u e h t f o s s e n e t e l p m o c d n a y c a r u c c a e h t g n i t s e t d n a g n i g a s e i r o t n e v n i g n i v o m w o l s - r o f n o i t a u l a V 270 s t n e m e t a t S l a i c n a n i F y l n O y n a p m o C t n e r a P e h t f o t i d u A e h t r o f s e i t i l i b i s n o p s e R s ’ r o t i d u A d e t a l u c l a c e r o s l a e W . s e g a t n e c r e p e v r e s e r s e i r o t n e v n i e h t g n i n i m r e t e d n i d e s u s e i t i v i t c a f f o - e t i r w l a i c n a n i f y l n o y n a p m o c t n e r a p e h t r e h t e h w t u o b a e c n a r u s s a e l b a n o s a e r n i a t b o o t e r a s e v i t c e j b o r u O o t d n a , r o r r e r o d u a r f o t e u d r e h t e h w , t n e m e t a t s s i m l a i r e t a m m o r f e e r f e r a e l o h w a s a s t n e m e t a t s f o l e v e l h g i h a s i e c n a r u s s a e l b a n o s a e R . n o i n i p o r u o s e d u l c n i t a h t t r o p e r s ’ r o t i d u a n a e u s s i s d r a d n a t s g n i t i d u a h t i w e c n a d r o c c a n i d e t c u d n o c t i d u a n a t a h t e e t n a r a u g a t o n s i t u b , e c n a r u s s a t i n e h w t n e m e t a t s s i m l a i r e t a m a t c e t e d s y a w l a l l i w a n i h C f o c i l b u p e R e h t n i d e t p e c c a y l l a r e n e g n i r o y l l a u d i v i d n i , f i l a i r e t a m d e r e d i s n o c e r a d n a r o r r e r o d u a r f m o r f e s i r a n a c s t n e m e t a t s s i M . s t s i x e n e k a t s r e s u f o s n o i s i c e d c i m o n o c e e h t e c n e u l f n i o t d e t c e p x e e b y l b a n o s a e r d l u o c y e h t , e t a g e r g g a e h t . s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e s e h t f o s i s a b e h t n o f o c i l b u p e R e h t n i d e t p e c c a y l l a r e n e g s d r a d n a t s g n i t i d u a h t i w e c n a d r o c c a n i t i d u a n a f o t r a p s A e h t t u o h g u o r h t m s i c i t p e k s l a n o i s s e f o r p n i a t n i a m d n a t n e m g d u j l a n o i s s e f o r p e s i c r e x e e w , a n i h C : o s l a e W . t i d u a o t e v i s n o p s e r s e r u d e c o r p t i d u a m r o f r e p d n a n g i s e d , r o r r e r o d u a r f o t e u d r e h t e h w , s t n e m e t a t s r u o r o f s i s a b a e d i v o r p o t e t a i r p o r p p a d n a t n e i c i f f u s s i t a h t e c n e d i v e t i d u a n i a t b o d n a , s k s i r e s o h t r o f n a h t r e h g i h s i d u a r f m o r f g n i t l u s e r t n e m e t a t s s i m l a i r e t a m a g n i t c e t e d t o n f o k s i r e h T . n o i n i p o l a i c n a n i f y l n o y n a p m o c t n e r a p e h t f o t n e m e t a t s s i m l a i r e t a m f o s k s i r e h t s s e s s a d n a y f i t n e d I . 1 6 d n a 5 s e t o N o t r e f e r e s a e l P . s e i r o t n e v n i f o s e r u s o l c s i d f o y c a u q e d a e h t d e t a u l a v e e w , n o i t i d d a n I . s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t o t . s e i r o g e t a c g n i g a y r o t n e v n i e h t o t s e g a t n e c r e p e v r e s e r e h t f o n o i t a c i l p p a e h t r o f e v r e s e r y r o t n e v n i s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s n i a t r e c f o s t n e m e t a t s l a i c n a n i f e h t t i d u a t o n d i d e W , s r o t i d u a r e h t o y b d e t i d u a e r e w s t n e m e t a t s l a i c n a n i f e s o h T . d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a y l e l o s d e s a b e r a n i e r e h d e s s e r p x e s n o i n i p o r u o d n a , s u o t d e h s i n r u f n e e b e v a h n o e r e h t s t r o p e r e s o h w y t i u q e r e d n u s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s e s e h T . s r o t i d u a r e h t o f o s t r o p e r e h t n o f o % 2 7 . 2 d n a % 8 6 . 3 g n i t n e s e r p e r , n o i l l i m 1 5 1 , 8 $ T N d n a n o i l l i m 2 3 1 , 1 1 $ T N o t d e t n u o m a d o h t e m ) s s o l ( s t i f o r p f o s e r a h s d e t a l e r e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a s t e s s a l a t o t 4 7 1 , 1 $ T N o t d e t n u o m a d o h t e m y t i u q e e h t r e d n u s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s e h t m o r f e h t r o f x a t e r o f e b e m o c n i e h t f o % ) 6 0 . 2 1 ( d n a % 5 8 . 2 1 g n i t n e s e r p e r , n o i l l i m ) 9 4 7 ( $ T N d n a n o i l l i m r e h t o f o s e r a h s d e t a l e r e h t d n a , y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y y t i u q e e h t r e d n u s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s e h t m o r f ) s s o l ( e m o c n i e v i s n e h e r p m o c s r o t i d u A t n e n o p m o C f o s t i d u A e h t o t e c n e r e f e R g n i k a M – r e t t a M r e h t O , s n o i s s i m o l a n o i t n e t n i , y r e g r o f , n o i s u l l o c e v l o v n i y a m d u a r f s a , r o r r e m o r f g n i t l u s e r e n o f o % ) 3 8 . 2 ( d n a % 6 0 . 9 g n i t n e s e r p e r , n o i l l i m ) 0 3 2 ( $ T N d n a n o i l l i m 9 8 1 , 1 $ T N o t d e t n u o m a d o h t e m . l o r t n o c l a n r e t n i f o e d i r r e v o e h t r o , s n o i t a t n e s e r p e r s i m . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f ) s s o l ( e m o c n i e v i s n e h e r p m o c e h t United Microelectronics Corporation | Annual Report 2019 s r e t t a m e s o h t e n i m r e t e d e w , e c n a n r e v o g h t i w d e g r a h c e s o h t h t i w d e t a c i n u m m o c s r e t t a m e h t m o r F d n a s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p 9 1 0 2 f o t i d u a e h t n i e c n a c i f i n g i s t s o m f o e r e w t a h t r o w a l s s e l n u t r o p e r s ’ r o t i d u a r u o n i s r e t t a m e s e h t e b i r c s e d e W . s r e t t a m t i d u a y e k e h t e r o f e r e h t e r a , s e c n a t s m u c r i c e r a r y l e m e r t x e n i , n e h w r o r e t t a m e h t t u o b a e r u s o l c s i d c i l b u p s e d u l c e r p n o i t a l u g e r e s r e v d a e h t e s u a c e b t r o p e r r u o n i d e t a c i n u m m o c e b t o n d l u o h s r e t t a m a t a h t e n i m r e t e d e w f o s t i f e n e b t s e r e t n i c i l b u p e h t h g i e w t u o o t d e t c e p x e e b y l b a n o s a e r d l u o w o s g n i o d f o s e c n e u q e s n o c . n o i t a c i n u m m o c h c u s n a g n i s s e r p x e f o e s o p r u p e h t r o f t o n t u b , s e c n a t s m u c r i c e h t n i e t a i r p o r p p a e r a t a h t s e r u d e c o r p t i d u a n g i s e d o t r e d r o n i t i d u a e h t o t t n a v e l e r l o r t n o c l a n r e t n i f o g n i d n a t s r e d n u n a n i a t b O . 2 . y n a p m o C e h t f o l o r t n o c l a n r e t n i e h t f o s s e n e v i t c e f f e e h t n o n o i n i p o g n i t n u o c c a f o s s e n e l b a n o s a e r e h t d n a d e s u s e i c i l o p g n i t n u o c c a f o s s e n e t a i r p o r p p a e h t e t a u l a v E . 3 . t n e m e g a n a m y b e d a m s e r u s o l c s i d d e t a l e r d n a s e t a m i t s e s t n e v e o t d e t a l e r s t s i x e y t n i a t r e c n u l a i r e t a m a r e h t e h w , d e n i a t b o e c n e d i v e t i d u a e h t n o d e s a b , d n a e h t f o n r e c n o c g n i o g a s a e u n i t n o c o t y t i l i b a e h t n o t b u o d t n a c i f i n g i s t s a c y a m t a h t s n o i t i d n o c r o n i n o i t n e t t a w a r d o t d e r i u q e r e r a e w , s t s i x e y t n i a t r e c n u l a i r e t a m a t a h t e d u l c n o c e w f I . y n a p m o C g n i t n u o c c a f o s i s a b n r e c n o c g n i o g e h t f o e s u s ’ t n e m e g a n a m f o s s e n e t a i r p o r p p a e h t n o e d u l c n o C . 4 n a w i a T , g n u o Y & t s n r E n i M - n i s H , u s H e h t n o d e s a b e r a s n o i s u l c n o c r u O . n o i n i p o r u o y f i d o m o t , e t a u q e d a n i e r a s e r u s o l c s i d h c u s f i r o s t n e v e e r u t u f , r e v e w o H . t r o p e r s ’ r o t i d u a r u o f o e t a d e h t o t p u d e n i a t b o e c n e d i v e t i d u a . n r e c n o c g n i o g a s a e u n i t n o c o t e s a e c o t y n a p m o C e h t e s u a c y a m s n o i t i d n o c l a i c n a n i f y l n o y n a p m o c t n e r a p e h t r e h t e h w d n a , s e t o n g n i y n a p m o c c a e h t g n i d u l c n i , s t n e m e t a t s r i a f s e v e i h c a t a h t r e n n a m a n i s t n e v e d n a s n o i t c a s n a r t g n i y l r e d n u e h t t n e s e r p e r s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t f o t n e t n o c d n a e r u t c u r t s , n o i t a t n e s e r p l l a r e v o e h t e t a u l a v E . 5 . n o i t a t n e s e r p u J - n a W , u i h C , r o s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t n i s e r u s o l c s i d d e t a l e r e h t o t t r o p e r s ’ r o t i d u a r u o 0 2 0 2 , 6 2 y r a u r b e F r o s e i t i t n e e h t f o n o i t a m r o f n i l a i c n a n i f e h t g n i d r a g e r e c n e d i v e t i d u a e t a i r p o r p p a t n e i c i f f u s n i a t b O . 6 s t l u s e r , n o i t i s o p l a i c n a n i f e h t t n e s e r p o t y l n o d e d n e t n i e r a s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p g n i y n a p m o c c a e h T c i l b u p e R e h t n i d e t p e c c a y l l a r e n e g s e c i t c a r p d n a s e l p i c n i r p g n i t n u o c c a h t i w e c n a d r o c c a n i s w o l f h s a c d n a s n o i t a r e p o f o y n a p m o c t n e r a p h c u s t i d u a o t s e c i t c a r p d n a s e r u d e c o r p , s d r a d n a t s e h T . s n o i t c i d s i r u j r e h t o y n a f o e s o h t t o n d n a a n i h C f o t o n e r a s r o t i d u a t n e d n e p e d n i f o t r o p e r d n a s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p g n i y n a p m o c c a e h t , y l g n i d r o c c A . a n i h C f o c i l b u p e R e h t n i d e i l p p a d n a d e t p e c c a y l l a r e n e g e s o h t e r a s t n e m e t a t s l a i c n a n i f y l n o s r e d a e R o t e c i t o N y l n o y n a p m o c t n e r a p e h t n o n o i n i p o n a s s e r p x e o t y n a p m o C e h t n i h t i w s e i t i v i t c a s s e n i s u b e h t f o e c n a m r o f r e p d n a n o i s i v r e p u s , n o i t c e r i d e h t r o f e l b i s n o p s e r e r a e W . s t n e m e t a t s l a i c n a n i f . n o i n i p o t i d u a r u o r o f e l b i s n o p s e r y l e l o s n i a m e r e W . t i d u a p u o r g d e n n a l p e h t , s r e t t a m r e h t o g n o m a , g n i d r a g e r e c n a n r e v o g h t i w d e g r a h c e s o h t h t i w e t a c i n u m m o c e W n i s e i c n e i c i f e d t n a c i f i n g i s y n a g n i d u l c n i , s g n i d n i f t i d u a t n a c i f i n g i s d n a t i d u a e h t f o g n i m i t d n a e p o c s . t i d u a r u o g n i r u d y f i t n e d i e w t a h t l o r t n o c l a n r e t n i d e t p e c c a y l l a r e n e g s d r a d n a t s g n i t i d u a r o s e l p i c n i r p g n i t n u o c c a e h t t u o b a d e m r o f n i t o n e r a o h w e s o h t y b e s u r o f d e d n e t n i h t i w d e i l p m o c e v a h e w t a h t t n e m e t a t s a h t i w e c n a n r e v o g h t i w d e g r a h c e s o h t e d i v o r p o s l a e W e h t f o y t i l i b i s n o p s e r e h t e r a s t n e m e t a t s l a i c n a n i f e h t s A . e c i t c a r p n i s n o i t a c i l p p a r i e h t d n a , a n i h C f o c i l b u p e R e h t n i l l a m e h t h t i w e t a c i n u m m o c o t d n a , e c n e d n e p e d n i g n i d r a g e r s t n e m e r i u q e r l a c i h t e t n a v e l e r y n a r o f r o n o i t a l s n a r t h s i l g n E e h t , n o e c n a i l e r r o , f o e s u e h t r o f y t i l i b a i l y n a t p e c c a t o n n a c g n u o Y & t s n r E , t n e m e g a n a m d n a , e c n e d n e p e d n i r u o n o r a e b o t t h g u o h t e b y l b a n o s a e r y a m t a h t s r e t t a m r e h t o d n a s p i h s n o i t a l e r . n o i t a l s n a r t e h t m o r f e v i r e d y a m t a h t s g n i d n a t s r e d n u s i m r o s r o r r e . s d r a u g e f a s d e t a l e r , e l b a c i l p p a e r e h w 271 Financial Review , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 s e t o N S T E E H S E C N A L A B Y L N O Y N A P M O C T N E R A P 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D ) s r a l l o D n a w i a T w e N f o s d n a s u o h T n i d e s s e r p x E ( I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I 8 1 1 7 8 1 , 1 8 2 4 0 , 7 9 4 7 5 2 , 5 1 6 4 0 , 3 4 5 6 6 2 , 9 5 3 , 8 9 9 5 , 3 8 5 , 3 1 5 5 9 , 4 3 5 , 1 6 9 4 , 4 6 1 , 2 4 3 6 , 4 1 2 , 5 1 0 7 7 , 5 3 3 , 1 0 1 4 2 0 , 4 0 8 , 3 7 6 6 , 1 3 1 , 1 1 6 8 5 , 6 4 7 , 8 6 7 2 7 , 5 1 1 , 1 0 1 - 9 5 1 , 6 8 8 , 2 9 3 4 , 4 9 6 , 5 7 5 6 , 2 1 2 5 5 0 , 3 5 5 , 2 6 3 1 , 7 0 7 , 1 8 9 6 7 4 , 8 6 6 0 9 2 , 6 0 1 9 0 0 , 0 0 9 , 2 1 7 2 2 , 9 1 6 3 9 , 3 8 6 , 6 9 0 1 , 7 2 7 , 1 6 2 5 , 1 9 6 , 1 0 8 6 , 9 2 2 , 1 2 1 1 , 5 0 3 , 6 1 9 9 2 , 6 6 8 , 7 0 1 2 5 7 , 5 4 4 , 4 7 9 5 , 8 8 3 , 4 1 9 0 5 , 6 0 5 , 0 8 5 4 4 , 6 8 4 , 9 7 9 9 9 , 1 6 2 , 3 6 2 8 , 2 8 0 , 4 9 7 8 , 8 1 6 , 5 9 9 6 , 7 2 7 6 5 , 3 3 5 2 9 3 , 2 3 5 , 2 0 7 1 , 2 4 3 , 9 5 $ 6 3 8 , 4 3 5 , 6 6 $ ) 7 ( 2 1 , ) 2 ( 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a t n I s t e s s a x a t d e r r e f e D s t e s s a l a t o T s t e s s A t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F s t n e l a v i u q e h s a c d n a h s a C s t e s s a t n e r r u C t e n , s e i t r a p d e t a l e r - e l b a v i e c e r s t n u o c c A t n e r r u c , s t e s s a t c a r t n o C e l b a v i e c e r s e t o N t e n , e l b a v i e c e r s t n u o c c A s t e s s a t n e r r u c l a t o T s t e s s a t n e r r u c r e h t O s e l b a v i e c e r r e h t O s t e s s a x a t t n e r r u C t e n , s e i r o t n e v n I s t n e m y a p e r P e s e n i h C n i d e u s s I y l l a n i g i r O s t n e m e t a t S l a i c n a n i F y l n O y n a p m o C t n e r a P f o n o i t a l s n a r T h s i l g n E 272 United Microelectronics Corporation | Annual Report 2019 e s e n i h C n i d e u s s I y l l a n i g i r O s t n e m e t a t S l a i c n a n i F y l n O y n a p m o C t n e r a P f o n o i t a l s n a r T h s i l g n E I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I S T E E H S E C N A L A B Y L N O Y N A P M O C T N E R A P 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D ) s r a l l o D n a w i a T w e N f o s d n a s u o h T n i d e s s e r p x E ( 0 2 2 , 7 8 1 , 9 9 2 $ 4 6 9 , 0 5 7 , 2 0 3 $ . s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t f o t r a p l a r g e t n i n a e r a s e t o n g n i y n a p m o c c a e h T 2 0 7 , 7 4 4 0 5 6 , 4 8 3 , 1 6 6 1 , 5 4 7 , 5 4 3 4 , 1 2 6 , 0 1 5 5 4 , 9 3 9 , 2 0 5 2 , 6 2 3 , 1 - 5 9 5 , 2 3 8 , 2 1 1 0 , 0 0 5 , 1 3 6 2 , 7 9 7 , 6 2 - - 0 4 6 , 6 6 6 8 3 2 , 3 7 4 , 1 7 4 9 , 8 7 8 , 8 3 8 6 3 , 9 6 5 4 7 1 , 7 6 1 , 4 7 6 8 , 4 6 5 , 0 2 4 3 2 , 0 2 3 , 6 6 7 9 4 , 7 1 1 , 3 9 - 7 8 1 , 3 4 2 , 4 2 1 6 3 3 , 3 7 5 3 1 1 , 7 3 7 , 1 3 8 3 , 8 7 2 , 6 3 9 3 1 8 1 , 8 3 1 6 , 8 0 1 1 0 4 , 8 7 1 7 9 2 , 5 1 5 , 1 - 0 8 2 , 5 6 8 , 0 1 3 6 2 , 3 2 7 , 0 5 ) 8 5 0 , 2 ( ) 6 2 3 , 2 9 6 , 5 ( ) 6 5 5 , 9 1 8 , 8 ( ) 0 3 4 , 7 4 6 , 5 ( 3 2 7 , 9 6 0 , 6 0 2 $ 4 2 0 , 7 4 5 0 5 8 , 5 5 3 , 1 0 7 5 , 8 0 0 , 6 0 6 7 , 7 4 0 , 2 2 5 9 , 0 8 5 , 0 1 9 1 7 , 5 1 4 8 8 7 , 8 4 2 5 2 8 , 3 9 5 , 0 2 4 8 2 , 6 6 9 , 1 2 7 7 , 4 6 7 , 3 4 0 8 0 , 2 8 4 1 9 5 , 7 8 6 , 8 1 0 0 0 , 0 0 9 , 3 8 1 8 , 9 2 6 , 1 4 1 3 , 8 8 9 , 2 3 7 3 , 5 2 0 , 4 7 8 8 , 5 9 2 7 7 , 2 7 3 , 0 2 5 3 8 , 1 8 1 , 2 5 7 0 6 , 6 4 9 , 5 9 1 1 6 , 2 3 3 7 8 1 , 3 4 2 , 7 1 1 6 3 3 , 3 7 5 1 9 3 , 4 4 7 , 2 0 1 1 , 4 0 4 , 4 3 8 1 2 , 1 8 6 2 , 3 2 1 5 5 4 , 4 1 2 1 1 2 , 3 1 5 0 4 , 6 7 4 , 1 9 7 5 , 2 7 5 , 1 1 0 4 9 , 3 1 5 , 4 1 1 6 7 , 3 3 7 , 4 3 - ) 7 3 3 , 8 4 9 , 8 ( ) 7 7 9 , 3 7 0 , 2 ( ) 1 0 8 , 9 1 1 ( 7 5 3 , 4 0 8 , 6 0 2 8 1 0 2 9 1 0 2 , 1 3 r e b m e c e D f o s A $ s e t o N ) 5 2 ( 6 , ) 0 1 ( 6 ) 8 1 ( 6 , 4 ) 7 ( 2 1 , ) 5 2 ( 6 , ) 2 1 ( 6 , ) 1 1 ( 6 ) 5 2 ( 6 , ) 8 ( 6 7 4 , 4 , 4 7 , ) 5 2 ( 6 , ) 5 1 ( 6 , ) 4 1 ( 6 ) 7 ( 2 1 , ) 5 2 ( 6 , ) 1 1 ( 6 ) 8 1 ( 6 , 4 , 4 ) 7 ( 2 1 , ) 5 2 ( 6 , ) 2 1 ( 6 ) 4 ( 9 , ) 5 2 ( 6 , ) 4 1 ( 6 , 4 ) 5 2 ( 6 , ) 8 ( 6 ) 3 1 ( 6 , 5 ) 3 2 ( 6 , 5 , 4 , 4 , 4 ) 5 2 ( 6 ) 7 1 ( 6 , ) 6 1 ( 6 , ) 1 1 ( 6 , 4 ) 6 1 ( , ) 1 1 ( 6 , 4 ) 7 1 ( 6 , ) 6 1 ( 6 , 4 ) 6 1 ( 6 4 y t i u q E d n a s e i t i l i b a i L s e i t i l i b a i l m r e t - g n o l f o n o i t r o p t n e r r u C s e i t i l i b a i l t n e r r u c l a t o T s e i t i l i b a i l t n e r r u c r e h t O t n e r r u c n o n , s e i t i l i b a i l t i f e n e b d e n i f e d t e N s r e h t o - s e i t i l i b a i l t n e r r u c n o n r e h t O s e i t i l i b a i l t n e r r u c - n o n l a t o T s t i s o p e d e e t n a r a u G t n e r r u c n o n , s e i t i l i b a i l t c a r t n o C s e i t i l i b a i l t n e r r u c - n o N t n e r r u c n o n , s e i t i l i b a i l e s a e L s e i t i l i b a i l x a t d e r r e f e D s n a o l m r e t - g n o L e l b a y a p s d n o B t n e r r u c , s e i t i l i b a i l t c a r t n o C t n e m p i u q e n o s e l b a y a P s e i t i l i b a i l x a t t n e r r u C t n e r r u c , s e i t i l i b a i l e s a e L e l b a y a p s t n u o c c A s e l b a y a p r e h t O s n a o l m r e t - t r o h S s e i t i l i b a i l t n e r r u C e c n a v d a n i d e t c e l l o c l a t i p a C l a t i p a c n i - d i a p l a n o i t i d d A k c o t s n o m m o C s n o i t c a s n a r t k c o t s y r u s a e r T s m u i m e r P s e i t i l i b a i l l a t o T l a t i p a C y t i u q E r o g n i r i u q c a m o r f d e v i e c e r r o d i a p n o i t a r e d i s n o c e h t f o e u l a v r i a f e h t n e e w t e b s e c n e r e f f i d e h T s e i r a i d i s b u s e h t f o s t n u o m a g n i y r r a c e h t d n a s e i r a i d i s b u s g n i s o p s i d p i h s r e n w o ’ s e i r a i d i s b u s n i s e g n a h c f o n o i t i n g o c e R d o h t e m y t i u q e g n i s u r o f d e t n u o c c a s e r u t n e v t n i o j d n a s e t a i c o s s a f o s t e s s a t e n n i s e g n a h c f o e r a h S s n o i t p o k c o t s e e y o l p m E s n o i t p o k c o t S r e h t O s g n i n r a e d e n i a t e R e v r e s e r l a i c e p S e v r e s e r l a g e L s g n i n r a e d e t a i r p o r p p a n U y t i u q e f o s t n e n o p m o c r e h t O e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m s t e s s a l a i c n a n i f n o s e s s o l r o s n i a g d e z i l a e r n U s n o i t a r e p o n g i e r o f f o n o i t a l s n a r t n o s e c n e r e f f i d e g n a h c x E s t n e m u r t s n i g n i g d e h n o s e s s o l r o s n i a G y t i u q e d n a s e i t i l i b a i l l a t o T y t i u q e l a t o T k c o t s y r u s a e r T 273 Financial Review English Translation of Parent Company Only Financial Statements Originally Issued in Chinese UNITED MICROELECTRONICS CORPORATION PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME For the years ended December 31, 2019 and 2018 (Expressed in Thousands of New Taiwan Dollars, Except for Earnings per Share) Operating revenues Operating costs Gross profit Operating expenses Sales and marketing expenses General and administrative expenses Research and development expenses Expected credit losses Subtotal Net other operating income and expenses Operating income Non-operating income and expenses Other income Other gains and losses Finance costs Share of profit or loss of subsidiaries, associates and joint ventures Bargain purchase gain Exchange gain, net Subtotal Income from continuing operations before income tax Income tax benefit Net income Other comprehensive income (loss) Items that will not be reclassified subsequently to profit or loss Remeasurements of defined benefit pension plans Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income Gains or losses on hedging instruments which will not be reclassified subsequently to profit or loss Share of other comprehensive income (loss) of subsidiaries, associates and joint ventures which will not be reclassified subsequently to profit or loss Income tax related to items that will not be reclassified subsequently Items that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations Share of other comprehensive loss of subsidiaries, associates and joint ventures which may be reclassified subsequently to profit or loss Income tax related to items that may be reclassified subsequently Total other comprehensive income (loss), net of tax Total comprehensive income (loss) Earnings per share (NTD) Earnings per share-basic Earnings per share-diluted For the years ended December 31, Notes 2019 2018 4, 6(18), 7 4, 6(4), 6(9), 6(13), 6(17), 6(19), 7 4, 6(3), 6(9), 6(13), 6(17), 6(18), 6(19), 7 $ 123,622,436 (96,461,206) $ 132,834,602 (102,286,411) 27,161,230 30,548,191 (2,870,050) (3,791,439) (9,719,780) (689,095) (2,932,576) (3,475,793) (11,133,700) (356,435) (17,070,364) (17,898,504) 191,108 140,550 10,281,974 12,790,237 1,203,175 1,017,178 (861,601) (2,872,245) 171,585 193,033 944,738 (772,104) (824,954) (6,641,627) - 712,366 (1,148,875) (6,581,581) 9,133,099 574,515 9,707,614 106,403 5,605,384 - 6,208,656 864,334 7,072,990 (55,060) 1,458,848 (2,572) 4, 6(14), 6(20), 7 4 4, 6(21) 6(21) 4, 6(6) 6(6) 4,12 4, 5, 6(23) 6(22) 4, 5, 6(13) 4 4, 5, 6(23) (158,260) 112,384 1,112,547 (479,969) (1,045,504) (2,204,824) 1,094,614 (1,062,412) 4, 5, 6(23) 8,252 (11,995) 3,423,998 1,053,838 $ 13,131,612 $ 8,126,828 4, 6(24) $ 0.82 $ 0.58 $ 0.76 $ 0.55 The accompanying notes are an integral part of the parent company only financial statements. 274 United Microelectronics Corporation | Annual Report 2019 y t i u q E f o s t n e n o p m o C r e h t O s g n i n r a E d e n i a t e R l a t i p a C Y T I U Q E N I S E G N A H C F O S T N E M E T A T S Y L N O Y N A P M O C T N E R A P 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F ) s r a l l o D n a w i a T w e N f o s d n a s u o h T n i d e s s e r p x E ( d e z i l a e r n U s e s s o L r o s n i a G l a i c n a n i F n o s e s s o L r o s n i a G r e h t O h g u o r h t g n i g d e H n o s t n e m u r t s n I e v i s n e h e r p m o C e m o c n I e u l a V r i a F t a n o s e c n e r e f f i D f o n o i t a l s n a r T n g i e r o F s n o i t a r e p O d e r u s a e M s t e s s A e g n a h c x E d e t a i r p o r p p a n U l a n o i t i d d A s g n i n r a E e v r e s e R l a i c e p S e v r e s e R l a g e L l a t i p a C n i - d i a P n i d e t c e l l o C e c n a v d A k c o t S n o m m o C s e t o N e s e n i h C n i d e u s s I y l l a n i g i r O s t n e m e t a t S l a i c n a n i F y l n O y n a p m o C t n e r a P f o n o i t a l s n a r T h s i l g n E I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I 8 5 0 , 2 - 7 5 3 , 4 0 8 , 6 0 2 $ ) 1 0 8 , 9 1 1 ( $ - $ ) 7 7 9 , 3 7 0 , 2 ( $ ) 7 3 3 , 8 4 9 , 8 ( $ 1 6 7 , 3 3 7 , 4 3 $ 0 4 9 , 3 1 5 , 4 1 $ 9 7 5 , 2 7 5 , 1 1 $ 4 9 3 , 0 5 5 , 9 3 $ 1 1 6 , 2 3 3 $ 7 8 1 , 3 4 2 , 7 1 1 $ ) 6 1 ( 6 . s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t f o t r a p l a r g e t n i n a e r a s e t o n g n i y n a p m o c c a e h T - - - - - - - - - - - - - - - - - - - ) 3 2 0 , 7 5 5 , 8 ( 0 9 9 , 2 7 0 , 7 8 3 8 , 3 5 0 , 1 8 2 8 , 6 2 1 , 8 9 6 6 , 9 9 8 , 2 ) 8 1 0 , 1 6 2 , 6 ( - 1 3 1 , 1 1 2 4 4 , 1 1 ) 2 7 2 , 5 7 4 ( ) 3 9 5 , 4 2 5 , 2 ( - - - - - - - - - 3 4 4 , 3 0 2 , 2 ) 8 1 0 , 1 6 2 , 6 ( 2 8 1 , 9 2 1 , 3 9 5 5 , 8 3 8 , 2 1 2 $ ) 7 3 0 , 9 1 7 , 4 ( $ y t i u q E l a t o T k c o t S y r u s a e r T - - - - - - - - - - - - - ) 3 7 5 , 0 1 ( - - - - - - - ) 8 5 0 , 2 ( ) 8 5 0 , 2 ( 0 3 0 , 8 5 0 , 1 0 3 0 , 8 5 0 , 1 7 0 2 , 0 2 7 0 2 , 0 2 - - - - - - 3 2 7 , 9 6 0 , 6 0 2 ) 0 3 4 , 7 4 6 , 5 ( ) 8 5 0 , 2 ( ) 6 5 5 , 9 1 8 , 8 ( ) 2 6 3 , 4 2 ( - - - 1 6 3 , 5 4 0 , 6 0 2 ) 0 3 4 , 7 4 6 , 5 ( ) 8 5 0 , 2 ( ) 6 5 5 , 9 1 8 , 8 ( ) 6 2 3 , 2 9 6 , 5 ( ) 5 3 9 , 3 1 ( ) 1 6 2 , 6 0 7 , 5 ( - - - ) 5 0 1 , 6 1 9 , 6 ( 4 1 6 , 7 0 7 , 9 8 9 9 , 3 2 4 , 3 2 1 6 , 1 3 1 , 3 1 4 0 0 , 7 7 3 5 1 4 , 3 6 4 ) 8 9 4 , 9 5 8 , 2 ( - 5 5 6 , 4 1 5 8 4 , 9 ) 1 0 1 , 1 2 ( ) 1 7 4 , 0 4 4 , 3 ( - - - - - - - - - - - - - ) 8 9 4 , 9 5 8 , 2 ( 7 2 1 , 7 8 3 , 8 - - - - ) 4 5 6 , 7 8 3 ( - - 3 0 9 , 1 5 5 - - - - - - - - - - - - - - - - - 0 3 3 , 1 8 5 , 6 0 3 3 , 1 8 5 , 6 ) 6 7 0 , 2 4 2 , 3 ( ) 6 7 0 , 2 4 2 , 3 ( - - - ) 3 7 8 , 2 6 9 ( ) 3 2 0 , 7 5 5 , 8 ( 0 9 9 , 2 7 0 , 7 ) 1 4 3 , 2 2 ( 9 4 6 , 0 5 0 , 7 3 7 5 , 0 1 - ) 1 1 3 , 5 7 4 ( ) 0 5 9 , 5 7 4 , 2 ( 3 6 2 , 3 2 7 , 0 5 - 3 6 2 , 3 2 7 , 0 5 ) 9 9 2 , 7 0 7 ( - - - - - - - - - - - - - - - - - - - - ) 5 0 1 , 6 1 9 , 6 ( 4 1 6 , 7 0 7 , 9 4 4 7 , 4 8 8 5 3 , 2 9 7 , 9 - 4 5 6 , 7 8 3 ) 0 8 2 , 2 2 ( ) 3 0 9 , 1 5 5 ( ) 7 8 9 , 7 5 4 , 3 ( - - - - - - - - - - - - - ) 0 4 9 , 3 1 5 , 4 1 ( 0 4 9 , 3 1 5 , 4 1 - - - - - - - - - - - 3 7 8 , 2 6 9 - - - - - - 6 2 2 , 6 9 6 1 3 1 , 1 1 ) 2 8 1 , 9 2 1 , 1 ( 9 3 2 4 4 , 1 1 ) 3 4 6 , 8 4 ( 0 8 2 , 5 6 8 , 0 1 3 6 3 , 9 9 3 , 0 4 - ) 7 2 4 , 0 1 ( 0 8 2 , 5 6 8 , 0 1 6 3 9 , 8 8 3 , 0 4 - - - - - - - - - - - - - - 9 9 2 , 7 0 7 - - - - - - - 4 0 0 , 7 7 3 4 0 8 , 0 3 1 ) 7 2 1 , 7 8 3 , 1 ( 5 5 6 , 4 1 - 9 7 1 , 1 5 8 4 , 9 8 5 4 , 5 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 1 6 , 2 3 3 - - - - - - - - - - - ) 0 0 0 , 0 0 0 , 2 ( 7 8 1 , 3 4 2 , 4 2 1 - 7 8 1 , 3 4 2 , 4 2 1 - - - - - - - - - - - - - - ) 0 0 0 , 0 0 0 , 7 ( ) 6 1 ( 6 s g n i n r a e d e n i a t e r 7 1 0 2 f o n o i t u b i r t s i d d n a n o i t a i r p o r p p A ) 2 2 ( 6 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f x a t f o t e n , ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t O 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f e m o c n i t e N s d n e d i v i d h s a C e v r e s e r l a g e L ) 7 1 ( 6 ) 6 1 ( 6 ) 6 1 ( 6 , 4 , 4 , 4 ) 6 1 ( 6 3 ) 6 1 ( 6 4 r o f d e t n u o c c a s e r u t n e v t n i o j d n a s e t a i c o s s a f o s t e s s a t e n n i s e g n a h c f o e r a h S y n a p m o c t n e r a p m o r f d e v i e c e r s e i r a i d i s b u s s d n e d i v i d r o f s t n e m t s u j d A p i h s r e n w o ' s e i r a i d i s b u s n i s e g n a h C d o h t e m y t i u q e g n i s u s g n i n r a e d e n i a t e r 8 1 0 2 f o n o i t u b i r t s i d d n a n o i t a i r p o r p p A 9 1 0 2 , 1 y r a u n a J f o s a e c n a l a b d e t s u j d A 8 1 0 2 , 1 3 r e b m e c e D f o s a e c n a l a B s n o i t a c i l p p a e v i t c a o r t e r f o t c a p m I s r e h t O ) s s o l ( e m o c n i e v i s n e h e r p m o c l a t o T n o i t c a s n a r t t n e m y a p d e s a b - e r a h S d e r i u q c a k c o t s y r u s a e r T d e l l e c n a c k c o t s y r u s a e r T ) 6 1 ( 6 , ) 1 1 ( 6 ) 7 1 ( 6 , 4 ) 6 1 ( 6 ) 6 1 ( 6 , 4 , 4 4 r o f d e t n u o c c a s e r u t n e v t n i o j d n a s e t a i c o s s a f o s t e s s a t e n n i s e g n a h c f o e r a h S p i h s r e n w o ' s e i r a i d i s b u s n i s e g n a h C d o h t e m y t i u q e g n i s u ) s s o l ( e m o c n i e v i s n e h e r p m o c l a t o T n o i t c a s n a r t t n e m y a p d e s a b - e r a h S s d n o b e l b i t r e v n o c f o n o i s r e v n o C d e r i u q c a k c o t s y r u s a e r T d e l l e c n a c k c o t s y r u s a e r T ) 2 2 ( 6 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f x a t f o t e n , ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t O 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f e m o c n i t e N ) 5 ( 6 r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m s t n e m t s e v n i s t n e m u r t s n i y t i u q e f o l a s o p s i D y n a p m o c t n e r a p m o r f d e v i e c e r s e i r a i d i s b u s s d n e d i v i d r o f s t n e m t s u j d A e v r e s e r l a i c e p S s d n e d i v i d h s a C e v r e s e r l a g e L $ ) 3 1 0 , 7 6 8 , 9 ( $ ) 3 3 5 , 2 1 7 , 5 ( $ 8 9 1 , 3 3 1 , 6 5 $ - $ 7 0 4 , 2 0 9 , 9 $ 0 5 3 , 8 5 8 , 0 4 $ - $ 7 8 1 , 3 4 2 , 6 2 1 $ 8 1 0 2 , 1 y r a u n a J f o s a e c n a l a b d e t s u j d A 9 1 0 2 , 1 3 r e b m e c e D f o s a e c n a l a B e m o c n i e v i s n e h e r p m o c s r e h t O 275 Financial Review                     English Translation of Parent Company Only Financial Statements Originally Issued in Chinese UNITED MICROELECTRONICS CORPORATION PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS For the years ended December 31, 2019 and 2018 (Expressed in Thousands of New Taiwan Dollars) Cash flows from operating activities: Net income before tax Adjustments to reconcile net income before tax to net cash provided by operating activities: Depreciation Amortization Expected credit losses Net (gain) loss of financial assets and liabilities at fair value through profit or loss Interest expense Interest income Dividend income Share-based payment Share of loss of subsidiaries, associates and joint ventures Gain on disposal of property, plant and equipment Exchange gain on financial assets and liabilities Bargain purchase gain Amortization of deferred government grants Income and expense adjustments Changes in operating assets and liabilities: Financial assets and liabilities at fair value through profit or loss Contract assets Notes receivable and accounts receivable Other receivables Inventories Prepayments Other current assets Contract fulfillment costs Contract liabilities Accounts payable Other payables Other current liabilities Net defined benefit liabilities Other noncurrent liabilities-others Cash generated from operations Interest received Dividend received Interest paid Income tax paid For the years ended December 31, 2019 2018 $ 9,133,099 $ 6,208,656 31,630,966 1,872,075 689,095 (964,614) 818,313 (584,052) (619,123) 366,186 2,872,245 (137,308) (209,799) (171,585) (1,138,743) 34,423,656 151,453 (26,198) 1,406,598 14,542 (1,165,198) 737,806 895,067 36,539 101,987 464,631 (857,045) 537,918 (35,398) - 45,819,457 552,382 715,515 (391,559) (253,547) 36,634,963 1,894,471 356,435 896,806 763,080 (422,239) (522,499) 695,669 6,641,627 (168,849) (170,206) - (1,132,898) 45,466,360 6,177 (354,665) (3,288,853) 483,890 (7,601) (13,899) (1,680,000) (343,898) (3,170,712) 461,121 (476,828) 167,726 (26,405) 4,815,200 48,246,269 427,175 1,187,648 (490,768) (566,445) Net cash provided by operating activities 46,442,248 48,803,879 (continued) 276 United Microelectronics Corporation | Annual Report 2019 English Translation of Parent Company Only Financial Statements Originally Issued in Chinese UNITED MICROELECTRONICS CORPORATION PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS For the years ended December 31, 2019 and 2018 (Expressed in Thousands of New Taiwan Dollars) Cash flows from investing activities: Proceeds from disposal of equity instruments investments measured at fair value through other comprehensive income or loss Acquisition of investments accounted for under the equity method Increase in prepayment for investments Proceeds from capital reduction of investments Derecognition of hedging financial assets and liabilities Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Increase in refundable deposits Decrease in refundable deposits Increase in other receivables Decrease in other receivables Acquisition of intangible assets Government grants related to assets acquisition Increase in other noncurrent assets-others Decrease in other noncurrent assets-others Net cash used in investing activities Cash flows from financing activities: Increase in short-term loans Decrease in short-term loans Cash payments for the principal portion of the lease liability Redemption of bonds Proceeds from long-term loans Repayments of long-term loans Increase in guarantee deposits Decrease in guarantee deposits Cash dividends Treasury stock acquired Treasury stock sold to employees Others Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year For the years ended December 31, 2019 2018 $ 44,466 $ - (16,485,610) (17,709,460) - 750,000 - (132,937) 840,000 (2,572) (10,966,528) (10,291,299) 323,807 (248,459) 268,717 (1,253,320) - (2,112,818) 51,862 (15,074) 8,786 413,519 (1,537,579) 667,555 (4,688,320) 8,916,796 (838,675) 123,367 (36,440) - (29,634,171) (24,276,045) 4,199,985 (4,177,125) (462,642) (2,500,000) 8,859,840 (5,279,660) 207,596 (16,748) (6,911,058) (2,972,243) - 10,818 (9,041,237) (574,174) 7,192,666 59,342,170 6,821,325 (12,647,575) - (7,500,000) 700,000 (474,356) 82,518 (125,466) (8,557,684) (6,148,273) 2,204,000 - (25,645,511) 177,045 (940,632) 60,282,802 $ 66,534,836 $ 59,342,170 The accompanying notes are an integral part of the parent company only financial statements. 277 Financial Review e h t t a e s a e l a , d e n i a t n o c r o , s a w t c a r t n o c a r e h t e h w s s e s s a e r o t t o n d e t c e l e y n a p m o C e h T n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i ) 9 1 0 2 , 1 y r a u n a J ( n o i t a c i l p p a l a i t i n i f o e t a d e r e w t a h t s t c a r t n o c o t 6 1 S R F I y l p p a o t d e t t i m r e p s a w y n a p m o C e h T . 6 1 S R F I n i d e t c e l e y n a p m o C e h T . 4 C I R F I d n a 7 1 S A I g n i y l p p a s e s a e l s a d e i f i t n e d i y l s u o i v e r p o t y l n o y l e v i t c e p s o r t e r d r a d n a t s e h t d e i l p p a d n a n o i t a m r o f n i e v i t a r a p m o c e t a t s e r o t t o n h t i w e c n a d r o c c a n i n o i t a c i l p p a l a i t i n i f o e t a d e h t t a d e t e l p m o c t o n e r e w t a h t s t c a r t n o c f o t c e f f e e v i t a l u m u c e h t d e z i n g o c e r y n a p m o C e h T . 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t g n i t a r e p o s a h y l n o y n a p m o C e h t s A . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I g n i y l p p a y l l a i t i n i : s w o l l o f s a d e z i r a m m u s e r a 6 1 S R F I f o n o i t p o d a e h t m o r f g n i s i r a t c a p m i e h t , s e s a e l s t n e m y a p e s a e l , 7 1 S A I g n i y l p p a s e s a e l g n i t a r e p o s a d e i f i s s a l c e r e w t a h t s e s a e l r o F n o p U . s m r e t e s a e l e h t r e v o s i s a b e n i l - t h g i a r t s a n o s e s n e p x e s a d e z i n g o c e r e r e w r o f t p e c x e , s e s a e l e s o h t d e z i n g o c e r d n a d e r u s a e m y n a p m o C e h t , 6 1 S R F I f o n o i t p o d a t n e s e r p e h t t a s e i t i l i b a i l e s a e l s a , s n o i t p m e x e e s a e l t e s s a e u l a v - w o l r o m r e t - t r o h s e g a r e v a d e t h g i e w s t i g n i s u d e t n u o c s i d , s t n e m y a p e s a e l g n i n i a m e r e h t f o e u l a v , s i s a b e s a e l - y b - e s a e l a n O . 9 1 0 2 , 1 y r a u n a J n o % 2 3 . 2 f o e t a r g n i w o r r o b l a t n e m e r c n i e s a e l e h t o t l a u q e t n u o m a n a t a d e z i n g o c e r d n a d e r u s a e m s a w t e s s a e s u - f o - t h g i r e h t y n a p m o C e h T . ) s t n e m y a p e s a e l d i a p e r p y n a f o t n u o m a e h t y b d e t s u j d a ( y t i l i b a i l y l i r a m i r p s a w n o i t a c i l p p a l a i t i n i f o e t a d e h t t a t c e f f e e v i t a l u m u c e h t d e s s e s s a o t d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n I n i e s a e r c e d a f o d e t s i s n o c a ; n o i l l i m 5 3 5 , 3 $ T N o t g n i t n u o m a s t e s s a e s u - f o - t h g i r n i e s a e r c n i n a ; n o i l l i m 2 2 $ T N e s a e l n i e s a e r c n i n a ; n o i l l i m 0 4 $ T N o t g n i t n u o m a s e l b a y a p r e h t o n i e s a e r c e d n i - d i a p l a n o i t i d d a n i e s a e r c e d a ; n o i l l i m 8 7 5 , 3 $ T N o t g n i t n u o m a s e i t i l i b a i l f o s t n e n o p m o c r e h t o n i e s a e r c e d a d n a ; n o i l l i m 0 1 $ T N o t g n i t n u o m a r e h t o - l a t i p a c . n o i l l i m 4 1 $ T N o t g n i t n u o m a y t i u q e . i r a l i m i s y l b a n o s a e r h t i w s e s a e l f o o i l o f t r o p a o t e t a r t n u o c s i d e l g n i s a y l p p A ) i ( : s e s a e l g n i t a r e p o s a d e i f i s s a l c y l s u o i v e r p s e s a e l o t s i s a b e s a e l - y b - e s a e l a n o s t n e i d e p x e l a c i t c a r p g n i w o l l o f e h t d e s u y n a p m o C e h t , 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n I . i i I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I a n i h C f o c i l b u p e R n i d e t a r o p r o c n i s a w ) y n a p m o C e h t ( n o i t a r o p r o C s c i n o r t c e l e o r c i M d e t i n U I S T N E M E T A T S L A C N A N I F Y L N O Y N A P M O C T N E R A P O T S E T O N 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n E s r a e Y e h t r o F ) d e i f i c e p S e s i w r e h t O s s e l n u s r a l l o D n a w i a T w e N f o s d n a s u o h T n i d e s s e r p x E ( N O I T A Z I N A G R O D N A Y R O T S I H . 1 278 l l u f a s i y n a p m o C e h T . 2 8 9 1 l i r p A n i s n o i t a r e p o d e c n e m m o c d n a 0 8 9 1 y a M n i ) . . C O R . ( r e m o t s u c y f s i t a s o t s e c i v r e s f o y t e i r a v a s e d i v o r p d n a , y r d n u o f r e f a w r o t c u d n o c i m e s e c i v r e s e g n a h c x E k c o t S n a w i a T e h t n o d e t s i l y l c i l b u p e r e w s e r a h s y r a n i d r o s ’ y n a p m o C e h T . s d e e n k r o Y w e N e h t n o d e t s i l e r e w ) s S D A ( s e r a h S y r a t i s o p e D n a c i r e m A s t i d n a 5 8 9 1 y l u J n i ) E S W T ( . 0 0 0 2 r e b m e t p e S n i ) E S Y N ( e g n a h c x E k c o t S , I I d a o R n i s H - i L , 3 . o N s i s s e n i s u b f o e c a l p l a p i c n i r p d n a e c i f f o d e r e t s i g e r s t i f o s s e r d d a e h T . n a w i a T , y t i C u h c n i s H , k r a P e c n e i c S u h c n i s H n i e u s s i r o f d e z i r o h t u a e r e w y n a p m o C e h t f o s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h T . 0 2 0 2 , 6 2 y r a u r b e F n o g n i t e e m ’ s r o t c e r i D f o d r a o B e h t f o n o i t u l o s e r a h t i w e c n a d r o c c a E U S S I R O F S T N E M E T A T S I L A C N A N I F F O N O I T A Z I R O H T U A F O S E R U D E C O R P D N A E T A D . 2 S N O I T A T E R P R E T N I D N A S D R A D N A T S D E S I V E R R O D E U S S I Y L W E N . 3 d e s r o d n e e r a h c i h w d e d n e m a r o d e s i v e r , d e u s s i s n o i t a t e r p r e t n I d n a , s d r a d n a t S g n i t n u o c c A s d o i r e p l a u n n a r o f e v i t c e f f e e m o c e b d n a ) ” C S F “ ( n o i s s i m m o C y r o s i v r e p u S l a i c n a n i F y b l a n o i t a n r e t n I , s d r a d n a t S g n i t r o p e R l a i c n a n i F l a n o i t a n r e t n I d e i l p p a y n a p m o C e h T ) 1 ( e h t h c i h w r o f s e s a e l o t s e s a e l m r e t - t r o h s s a y a w e m a s e h t n i t n u o c c a o t t c e l E ) i i ( o n e v a h s n o i t a t e r p r e t n i d n a s d r a d n a t s r e h t o l l a , w o l e b d e b i r c s e d s i h c i h w s n o i t a t e r p r e t n i . s c i t s i r e t c a r a h c d n a s d r a d n a t s e h t f o t c a p m i e h t m o r f t r a p A . 9 1 0 2 , 1 y r a u n a J r e t f a r o n o g n i n n i g e b s n i a t n o c t c a r t n o c e h t f i m r e t e s a e l e h t g n i n i m r e t e d n i s a h c u s , t h g i s d n i h e s U ) i i i ( . 9 1 0 2 , 1 y r a u n a J f o s h t n o m 2 1 n i h t i w s d n e m r e t e s a e l . e s a e l e h t e t a n i m r e t r o d n e t x e o t s n o i t p o e r e w 8 1 0 2 , 1 3 r e b m e c e D f o s a 7 1 S A I r e d n u s t n e m t i m m o c e s a e l g n i t a r e p o e h T e h t t a d e t n u o c s i d e u l a v t n e s e r p e h t , 9 1 0 2 , 1 y r a u n a J f o s A . n o i l l i m 4 6 3 , 4 $ T N 8 7 5 , 3 $ T N e r e w d e z i n g o c e r s e i t i l i b a i l e s a e l d n a e t a r g n i w o r r o b l a t n e m e r c n i s ’ e e s s e l . i i i n a r e h t e h w g n i n i m r e t e D “ 4 C I R F I , ) ” 7 1 S A I “ ( ” s e s a e L “ 7 1 S A I s e c a l p e r 6 1 S R F I d n a ” s e v i t n e c n I - s e s a e L g n i t a r e p O “ 5 1 C I S , ) ” 4 C I R F I “ ( ” e s a e L a s n i a t n o c t n e m e g n a r r A r o f ” e s a e L a f o m r o F l a g e L e h t n i s n o i t c a s n a r T f o e c n a t s b u S e h t g n i t a u l a v E “ 7 2 C I S ) ” 6 1 S R F I “ ( ” s e s a e L “ 6 1 S R F I . a . e c n a m r o f r e p d n a n o i t i s o p l a i c n a n i f s ’ y n a p m o C e h t n o t c a p m i l a i r e t a m . n o i l l i m . 9 1 0 2 , 1 y r a u n a J r e t f a r o n o g n i n n i g e b s d o i r e p l a u n n a United Microelectronics Corporation | Annual Report 2019 g n i g d e h l l a o t y l p p a h c i h w , s n o i t p e c x e f o r e b m u n a e d u l c n i s t n e m d n e m a e h T g n i g d e h A . m r o f e r k r a m h c n e b e t a r t s e r e t n i y b d e t c e f f a y l t c e r i d e r a t a h t s p i h s n o i t a l e r o t e s i r s e v i g m r o f e r k r a m h c n e b e t a r t s e r e t n i e h t f i d e t c e f f a y l t c e r i d s i p i h s n o i t a l e r e h t f o s w o l f h s a c d e s a b - k r a m h c n e b f o t n u o m a r o d n a g n i m i t e h t t u o b a s e i t n i a t r e c n u o t s n o i t p e c x e e h t y l p p a l l a h s y t i t n e e h t , e c n e H . t n e m u r t s n i g n i g d e h e h t r o m e t i d e g d e h . m r o f e r k r a m h c n e b e t a r t s e r e t n i e h t y b d e t c e f f a y l t c e r i d s p i h s n o i t a l e r g n i g d e h l l a m r o f e R k r a m h c n e B e t a R t s e r e t n I - ” s e r u s o l c s i D : s t n e m u r t s n I l a i c n a n i F “ 7 S R F I d n a ) ” 9 3 S A I “ ( ” t n e m e r u s a e M d n a n o i t i n g o c e R : s t n e m u r t s n I l a i c n a n i F “ 9 3 S A I , ) ” 9 S R F I “ ( ” s t n e m u r t s n I l a i c n a n i F “ 9 S R F I . d e h t h c i h w n o k r a m h c n e b e t a r t s e r e t n i e h t t a h t e m u s s a l l a h s y t i t n e n a , e l b a b o r p y l h g i h k r a m h c n e b e t a r t s e r e t n i e h t f o t l u s e r a s a d e r e t l a t o n s i d e s a b e r a s w o l f h s a c d e g d e h s i n o i t c a s n a r t t s a c e r o f a r e h t e h w g n i n i m r e t e d n e h W : t n e m e r i u q e r e l b a b o r p y l h g i h . i k s i r d e g d e h , m e t i d e g d e h e h t h c i h w n o k r a m h c n e b e t a r t s e r e t n i e h t t a h t e m u s s a e t a r t s e r e t n i e h t f o t l u s e r a s a d e r e t l a t o n s i d e s a b e r a t n e m u r t s n i g n i g d e h r o / d n a l l a h s y t i t n e n a , s t n e m s s e s s a e v i t c e p s o r p g n i m r o f r e p n e h W : s t n e m s s e s s a e v i t c e p s o r p . i i . m r o f e r : e d u l c n i s t n e m d n e m a e h T e r a h c i h w ) ” B S A I “ ( d r a o B s d r a d n a t S g n i t n u o c c A l a n o i t a n r e t n I y b d e u s s i s d r a d n a t S ) 2 ( : w o l e b d e t s i l e r a y n a p m o C e h t y b d e t p o d a t e y t o n t u b , C S F y b d e s r o d n e s d o i r e p l a u n n a r o f e v i t c e f f E r e t f a r o n o g n i n n i g e b s n o i t a t e r p r e t n I r o s d r a d n a t S f o s t c e j o r p e h T . o N 0 2 0 2 , 1 y r a u n a J s s e n i s u B a f o n o i t i n i f e D s t n e m d n e m A 0 2 0 2 , 1 y r a u n a J l a i r e t a M f o n o i t i n i f e D s t n e m d n e m A 3 S R F I o t 0 2 0 2 , 1 y r a u n a J m r o f e R k r a m h c n e B e t a R t s e r e t n I s t n e m d n e m A 1 S A I o t 8 d n a , 9 S R F I o t d n a 9 3 S A I 7 S R F I . m r o f e r k r a m h c n e b ) t n e m d n e m A ( s s e n i s u B a f o n o i t i n i f e D - ) ” 3 S R F I “ ( ” s n o i t a n i b m o C s s e n i s u B “ 3 S R F I . b f o e g n a r a n i h t i w e r a e g d e h e h t f o s t l u s e r l a u t c a e h t . e . i ( t n e m s s e s s a e v i t c e p s o r t e r k r a m h c n e b e t a r t s e r e t n i e h t y b d e t c e f f a y l t c e r i d s p i h s n o i t a l e r g n i g d e h r o f ) % 5 2 1 ~ 0 8 9 3 S A I e h t e k a t r e d n u o t d e r i u q e r t o n s i y t i t n e n A : t n e m s s e s s a e v i t c e p s o r t e r 9 3 S A I . i i i . m r o f e r y l e t a r a p e s e h t y l p p a l l a h s y t i t n e n a , k s i r e t a r t s e r e t n i f o t n e n o p m o c k r a m h c n e b d e i f i c e p s y l l a u t c a r t n o c - n o n a f o s e g d e h r o F : s t n e n o p m o c k s i r e l b a i f i t n e d i y l e t a r a p e s . v i . s p i h s n o i t a l e r g n i g d e h h c u s f o n o i t p e c n i e h t t a y l n o t n e m e r i u q e r e l b a i f i t n e d i d n a s t n e m e r i u q e r s n o i t p e c x e e h t f o n o i t a c i l p p a f o d n e e h t e d u l c n i o s l a s t n e m d n e m a e h T . s t n e m d n e m a e h t f o s t n e m e r i u q e r s e r u s o l c s i d d e t a l e r e h t s d r a d n a t s d e n o i t n e m e r o f a e h t f o t c a p m i l a i t n e t o p e h t g n i t a u l a v e y l t n e r r u c s i y n a p m o C e h T , e c n a m r o f r e p d n a n o i t i s o p l a i c n a n i f s ’ y n a p m o C e h t o t ) d ( ~ ) b ( d e t s i l s n o i t a t e r p r e t n i d n a . d e t e l p m o c s i n o i t a u l a v e e h t n e h w d e s o l c s i d e b l l i w t c a p m i d e t a l e r e h t d n a e b o t e r a s e t a d e v i t c e f f e e h t ( C S F y b d e s r o d n e t e y t o n t u b B S A I y b d e u s s i s d r a d n a t S ) 3 ( : w o l e b d e t s i l e r a ) C S F y b d e n i m r e t e d s d o i r e p l a u n n a r o f e v i t c e f f E r e t f a r o n o g n i n n i g e b s n o i t a t e r p r e t n I r o s d r a d n a t S f o s t c e j o r p e h T . o N B S A I y b d e n i m r e t e d e b o T n a n e e w t e b s t e s s A f o n o i t u b i r t n o C r o e l a S d n a 0 1 S R F I 1 2 0 2 , y r a u n a J 1 s t c a r t n o C e c n a r u s n I 2 2 0 2 , y r a u n a J 1 r o t n e r r u C s a s e i t i l i b a i L f o n o i t a c i f i s s a l C 7 1 S R F I 1 S A I s e r u t n e V t n i o J r o e t a i c o s s A s t i d n a r o t s e v n I 8 2 S A I t n e r r u c - n o N . s n o i t a n i b m o C s s e n i s u B 3 S R F I n i s s e n i s u b a f o n o i t i n i f e d e h t y f i r a l c s t n e m d n e m a e h T n o i t c a s n a r t a r e h t e h w e n i m r e t e d o t s e i t i t n e t s i s s a o t d e d n e t n i e r a s t n e m d n e m a e h T . n o i t i s i u q c a t e s s a n a s a r o n o i t a n i b m o c s s e n i s u b a s a r o f d e t n u o c c a e b d l u o h s n a r e h t e h w e n i m r e t e d o t e v i t c e p s r e p s ’ t n a p i c i t r a p t e k r a m a t p o d a o t s e u n i t n o c 3 S R F I e h t y f i r a l c s t n e m d n e m a e h T . s s e n i s u b a s i s t e s s a d n a s e i t i v i t c a f o t e s d e r i u q c a n a r e h t e h w s s e s s a s e i t i t n e p l e h o t e c n a d i u g d d a ; s s e n i s u b a r o f s t n e m e r i u q e r m u m i n i m ; s t u p t u o f o d n a s s e n i s u b a f o s n o i t i n i f e d e h t w o r r a n d n a ; e v i t n a t s b u s s i s s e c o r p d e r i u q c a . c t e t a h t s e t a t s t I . l a i r e t a m f o n o i t i n i f e d w e n y f i r a l c o t s i t n e m d n e m a n i a m e h T e b y l b a n o s a e r d l u o c t i g n i r u c s b o r o g n i t a t s s i m , g n i t t i m o f i l a i r e t a m s i n o i t a m r o f n i “ l a i c n a n i f e s o p r u p l a r e n e g f o s r e s u y r a m i r p e h t t a h t s n o i s i c e d e c n e u l f n i o t d e t c e p x e l a i c n a n i f e d i v o r p h c i h w , s t n e m e t a t s l a i c n a n i f e s o h t f o s i s a b e h t n o e k a m s t n e m e t a t s y t i l a i r e t a m t a h t y f i r a l c s t n e m d n e m a e h T ” . y t i t n e g n i t r o p e r c i f i c e p s a t u o b a n o i t a m r o f n i s s e s s a o t d e e n l l i w y t i t n e n A . n o i t a m r o f n i f o e d u t i n g a m r o e r u t a n e h t n o d n e p e d l l i w s i , n o i t a m r o f n i r e h t o h t i w n o i t a n i b m o c n i r o y l l a u d i v i d n i r e h t i e , n o i t a m r o f n i e h t r e h t e h w . s t n e m e t a t s l a i c n a n i f e h t f o t x e t n o c e h t n i l a i r e t a m ) t n e m d n e m A ( l a i r e t a M f o n o i t i n i f e D - ” s r o r r E d n a s e t a m i t s E g n i t n u o c c A n i s e g n a h C , s e i c i l o P g n i t n u o c c A “ 8 S A I d n a ) ” 1 S A I “ ( ” s t n e m e t a t S l a i c n a n i F f o n o i t a t n e s e r P “ 1 S A I . c 279 Financial Review t s o c l a c i r o t s i h a n o d e r a p e r p n e e b e v a h s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h T . e u l a v r i a f t a d e r u s a e m s t n e m u r t s n i l a i c n a n i f r o f t p e c x e , s i s a b h t i w e c n a d r o c c a n i s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p d e r a p e r p y n a p m o C e h T r e h t o d n a s s o l r o t i f o r p e h t t a h t d e d i v o r p h c i h w , s n o i t a l u g e R e h t f o 1 2 e l c i t r A l a i c n a n i f y l n o y n a p m o c t n e r a p e h t n i d e t n e s e r p d o i r e p e h t r o f e m o c n i e v i s n e h e r p m o c e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l r o t i f o r p e h t s a e m a s e h t e b l l a h s s t n e m e t a t s s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t n i d e t n e s e r p t n e r a p e h t f o s r e d l o h k c o t s o t e l b a t u b i r t t a l a i c n a n i f y l n o y n a p m o c t n e r a p e h t n i d e t n e s e r p y t i u q e l a t o t e h t d n a , d o i r e p e h t r o f n i d e t n e s e r p y n a p m o c t n e r a p e h t o t e l b a t u b i r t t a y t i u q e e h t s a e m a s e h t e b l l a h s s t n e m e t a t s s t i r o f d e t n u o c c a y n a p m o C e h t , e r o f e r e h T . s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t y r a s s e c e n e d a m , y l g n i d r o c c a , d n a d o h t e m y t i u q e g n i s u s e i r a i d i s b u s n i s t n e m t s e v n i n o i t a r a p e r P f o s i s a B ) 2 ( t o n t u b B S A I y b d e u s s i s n o i t a t e r p r e t n i r o s d r a d n a t s e h t g n i t p o d a f o s t c e f f e l a i t n e t o p e h T e r a s d o i r e p e r u t u f n i s t n e m e t a t s l a i c n a n i f s ’ y n a p m o C e h t n o C S F y b d e s r o d n e t e y : w o l e b s a d e z i r a m m u s d n a r o t s e v n I n a n e e w t e b s t e s s A f o n o i t u b i r t n o C r o e l a S - ” s e r u t n e V t n i o J d n a s e t a i c o s s A n i s t n e m t s e v n I “ 8 2 S A I d n a ) ” 0 1 S R F I “ ( ” s t n e m e t a t S l a i c n a n i F d e t a d i l o s n o C “ 0 1 S R F I . e ) ” 8 2 S A I “ ( ) t n e m d n e m A ( s e r u t n e V t n i o J r o e t a i c o s s A s t i d n a 0 1 S R F I n i s t n e m e r i u q e r e h t n e e w t e b y c n e t s i s n o c n i e h t s s e r d d a s t n e m d n e m a e h T n a o t d e t u b i r t n o c s i t a h t y r a i d i s b u s a f o l o r t n o c f o s s o l e h t h t i w g n i l a e d n i , 8 2 S A I m o r f g n i s i r a s e s s o l d n a s n i a g s t c i r t s e r 8 2 S A I . e r u t n e v t n i o j a r o e t a i c o s s a f o t n e t x e e h t o t e r u t n e v t n i o j a r o e t a i c o s s a n a o t s t e s s a y r a t e n o m - n o n f o s n o i t u b i r t n o c . s t n e m t s u j d a . e r u t n e v t n i o j r o e t a i c o s s a e h t n i s r e d l o h y t i u q e r e h t o e h t o t e l b a t u b i r t t a t s e r e t n i e h t e r a s t n e m e t a t s l a i c n a n i f e h t n i d e d u l c n i s m e t I . ) D T N ( s r a l l o D n a w i a T w e N , y c n e r r u c l a n o i t c n u f y n a p m o C e h t y b d e d r o c e r y l l a i t i n i e r a s e i c n e r r u c n g i e r o f n i s n o i t c a s n a r T s e i t i l i b a i l d n a s t e s s a y r a t e n o M . e t a d n o i t c a s n a r t e h t t a g n i l i a v e r p s e t a r y c n e r r u c g n i s o l c e h t t a y c n e r r u c l a n o i t c n u f o t n i d e t a l s n a r t e r a s e i c n e r r u c n g i e r o f n i d e t a n i m o n e d n i e u l a v r i a f t a d e r u s a e m s m e t i y r a t e n o m - n o N . e t a d g n i t r o p e r e h t t a e g n a h c x e f o s e t a r s i e u l a v r i a f e h t n e h w e t a d e h t t a s e t a r e g n a h c x e e h t g n i s u d e t a l s n a r t e r a s e i c n e r r u c n g i e r o f s e i c n e r r u c n g i e r o f n i t s o c l a c i r o t s i h t a d e r u s a e m e r a t a h t s m e t i y r a t e n o m - n o N . d e n i m r e t e d . s n o i t c a s n a r t l a i t i n i e h t f o s e t a d e h t t a s a s e t a r e g n a h c x e e h t g n i s u d e t a l s n a r t e r a . y c n e r r u c l a n o i t c n u f t a h t g n i s u d e r u s a e m g n i t a l s n a r t n o r o s m e t i y r a t e n o m f o t n e m e l t t e s e h t n o g n i s i r a s e c n e r e f f i d e g n a h c x e l l A e h t r o f t p e c x e e s i r a y e h t h c i h w n i d o i r e p e h t n i s s o l r o t i f o r p o t n e k a t e r a s m e t i y r a t e n o m : g n i w o l l o f a f o n o i t i s i u q c a n a r o f s g n i w o r r o b y c n e r r u c n g i e r o f m o r f g n i s i r a s e c n e r e f f i d e g n a h c x E e r a s t s o c t s e r e t n i o t t n e m t s u j d a n a s a d e d r a g e r e r a y e h t t a h t t n e t x e e h t o t t e s s a g n i y f i l a u q . n o i t a z i l a t i p a c r o f e l b i g i l e e r a t a h t s t s o c g n i w o r r o b e h t n i d e d u l c n i e h t n o d e s a b r o f d e t n u o c c a e r a 9 S R F I f o e p o c s e h t n i h t i w s e v i t a v i r e d y c n e r r u c n g i e r o F . s t n e m u r t s n i l a i c n a n i f r o f y c i l o p g n i t n u o c c a t e n s ’ y t i t n e g n i t r o p e r a f o t r a p s i t a h t m e t i y r a t e n o m a n o g n i s i r a s e c n e r e f f i d e g n a h c x E e v i s n e h e r p m o c r e h t o n i y l l a i t i n i d e z i n g o c e r e r a n o i t a r e p o n g i e r o f a n i t n e m t s e v n i . t n e m t s e v n i h c u s f o l a s o p s i d n o p u s s o l r o t i f o r p o t y t i u q e m o r f d e i f i s s a l c e r d n a e m o c n i . a . b . c l a n o i t c n u f s t i n i d e t n e s e r p e r a s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p s ’ y n a p m o C e h T s n o i t c a s n a r T y c n e r r u C n g i e r o F ) 3 ( . y r a i d i s b u s a f o l o r t n o c f o s s o l e h t n o n o i t i n g o c e r s s o l r o t i f o r p l l u f s e r i u q e r 0 1 S R F I f o n o i t u b i r t n o c r o e l a s e h t m o r f g n i t l u s e r s s o l r o n i a g e h t t a h t o s d e d n e m a s a w 8 2 S A I s t i d n a r o t s e v n i n a n e e w t e b 3 S R F I n i d e n i f e d s a s s e n i s u b a e t u t i t s n o c t a h t s t e s s a e h t t a h t o s d e d n e m a o s l a s a w 0 1 S R F I . l l u f n i d e z i n g o c e r s i e r u t n e v t n i o j r o e t a i c o s s a t o n s e o d t a h t y r a i d i s b u s a f o n o i t u b i r t n o c r o e l a s e h t m o r f g n i t l u s e r s s o l r o n i a g t n i o j r o e t a i c o s s a s t i d n a r o t s e v n i n a n e e w t e b 3 S R F I n i d e n i f e d s a s s e n i s u b a e t u t i t s n o c e h t n i s t s e r e t n i ’ s r o t s e v n i d e t a l e r n u e h t f o t n e t x e e h t o t y l n o d e z i n g o c e r s i e r u t n e v . e r u t n e v t n i o j r o e t a i c o s s a l a i c n a n i f f o n o i t a t n e s e r p 1 S A I f o 6 7 - 9 6 s h p a r g a r a p o t s t n e m d n e m a e h t e r a e s e h T s a s e i t i l i b a i l f o n o i t a c i f i s s a l c e h t o t d e t a l e r s h p a r g a r a p d e d n e m a e h t d n a s t n e m e t a t s t n e r r u c - n o N r o t n e r r u C s a s e i t i l i b a i L f o n o i t a c i f i s s a l C - 1 S A I . f . t n e r r u c - n o n r o t n e r r u c d n a s d r a d n a t s d e n o i t n e m e r o f a e h t f o t c a p m i l a i t n e t o p e h t g n i t a u l a v e y l t n e r r u c s i y n a p m o C e h T e h t d n a , e c n a m r o f r e p d n a n o i t i s o p l a i c n a n i f s ’ y n a p m o C e h t o t ) f ( ~ ) e ( d e t s i l s n o i t a t e r p r e t n i . d e t e l p m o c s i n o i t a u l a v e e h t n e h w d e s o l c s i d e b l l i w t c a p m i d e t a l e r e c n a d r o c c a n i d e r a p e r p e r e w s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p s ’ y n a p m o C e h T s r e u s s I s e i t i r u c e S y b s t r o p e R l a i c n a n i F f o n o i t a r a p e r P e h t g n i n r e v o G s n o i t a l u g e R h t i w . ) s n o i t a l u g e R ( e c n a i l p m o C f o t n e m e t a t S ) 1 ( S E I C I L O P G N I T N U O C C A T N A C I F I N G I S F O Y R A M M U S 280 . 4 United Microelectronics Corporation | Annual Report 2019 r o f y t i l i b a i l e h t f o t n e m e l t t e s r e f e d o t t h g i r l a n o i t i d n o c n u n a e v a h t o n s e o d y n a p m o C e h t e h t t a , d l u o c t a h t y t i l i b a i l a f o s m r e T . e t a d g n i t r o p e r e h t r e t f a s h t n o m e v l e w t t s a e l t a o d s t n e m u r t s n i y t i u q e f o e u s s i e h t y b t n e m e l t t e s s t i n i t l u s e r , y t r a p r e t n u o c e h t f o n o i t p o r o ; d o i r e p g n i t r o p e r e h t r e t f a s h t n o m e v l e w t n i h t i w d e l t t e s e b o t e u d s i y t i l i b a i l e h t ; e l c y c g n i t a r e p o l a m r o n n i y t i l i b a i l e h t e l t t e s o t s t c e p x e y n a p m o C e h t ; g n i d a r t f o e s o p r u p e h t r o f y l i r a m i r p y t i l i b a i l e h t s d l o h y n a p m o C e h t : n e h w t n e r r u c s a d e i f i s s a l c s i y t i l i b a i l A . a . b . c . d . t n e r r u c - n o n s a d e i f i s s a l c e r a s e i t i l i b a i l r e h t o l l A . n o i t a c i f i s s a l c s t i t c e f f a t o n s t n e l a v i u q E h s a C ) 6 ( o t e l b i t r e v n o c y l i d a e r e r a t a h t s t n e m t s e v n i d i u q i l y l h g i h , m r e t - t r o h s e r a s t n e l a v i u q e h s a C f o s k s i r t n a c i f i n g i s t n e s e r p t o n o d t a h t s e t a d y t i r u t a m h t i w d n a h s a c f o s t n u o m a n w o n k h t i w s t i s o p e d e m i t g n i d u l c n i , s e t a r t s e r e t n i n i s e g n a h c m o r f g n i t l u s e r e u l a v n i s e g n a h c y b d e z i l a r e t a l l o c s t n e m e e r g a e s a h c r u p e r d n a s s e l r o s h t n o m e e r h t f o s e i t i r u t a m l a n i g i r o . s d n o b e t a r o p r o c d n a s d n o b t n e m n r e v o g s t n e m u r t s n I l a i c n a n i F ) 7 ( y t r a p a s e m o c e b y n a p m o C e h t n e h w d e z i n g o c e r e r a s e i t i l i b a i l l a i c n a n i f d n a s t e s s a l a i c n a n i F . t n e m u r t s n i e h t f o s n o i s i v o r p l a u t c a r t n o c e h t o t n I . n o i t i n g o c e r l a i t i n i t a s t e s s a l a i c n a n i f s t i f o n o i t a c i f i s s a l c e h t s e n i m r e t e d y n a p m o C e h T d e i f i s s a l c e r a y n a p m o C e h t f o s t e s s a l a i c n a n i f , s n o i t a l u g e R e h t d n a 9 S R F I h t i w e c n a d r o c c a h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f s a . t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i f d n a , e m o c n i e v i s n e h e r p m o c r e h t o , e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s i m e t i y r a t e n o m - n o n a n o s s o l r o n i a g a n e h W . e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s i s s o l r o n i a g t a h t f o t n e n o p m o c e g n a h c x e y n a e g n a h c x e y n a , s s o l r o t i f o r p n i d e z i n g o c e r s i m e t i y r a t e n o m - n o n a n o s s o l r o n i a g a n e h W . s s o l r o t i f o r p n i d e z i n g o c e r s i s s o l r o n i a g t a h t f o t n e n o p m o c s t n e m e t a t S l a i c n a n i F y c n e r r u C n g i e r o F f o n o i t a l s n a r T ) 4 ( f o e t a r g n i s o l c e h t t a D T N o t n i d e t a l s n a r t e r a s n o i t a r e p o n g i e r o f f o s e i t i l i b a i l d n a s t e s s a e h T t a d e t a l s n a r t e r a s e s n e p x e d n a e m o c n i r i e h t d n a e t a d g n i t r o p e r e h t t a g n i l i a v e r p e g n a h c x e e h t n o g n i s i r a s e c n e r e f f i d e g n a h c x e e h T . d o i r e p e h t r o f e t a r e g n a h c x e e g a r e v a n a n g i e r o f a f o l a s o p s i d n O . e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r e r a n o i t a l s n a r t n g i e r o f t a h t e t a r a p e s e h t o t n i g n i t a l e r s e c n e r e f f i d e g n a h c x e e h t f o t n u o m a e v i t a l u m u c e h t , n o i t a r e p o d e t a l u m u c c a d n a e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r , n o i t a r e p o n o s s o l r o n i a g e h t n e h w s s o l r o t i f o r p o t y t i u q e m o r f d e i f i s s a l c e r s i , y t i u q e f o t n e n o p m o c . d e z i n g o c e r s i l a s o p s i d a n i t l u s e r t o n s e o d t a h t n o i t a r e p o n g i e r o f a s e d u l c n i t a h t y r a i d i s b u s a f o l a s o p s i d l a i t r a p n O e g n a h c x e e h t f o t n u o m a e v i t a l u m u c e h t f o e r a h s e t a n o i t r o p o r p e h t , l o r t n o c f o s s o l e h t o t d e t u b i r t t a - e r s i e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s e c n e r e f f i d a r o e t a i c o s s a n a f o l a s o p s i d l a i t r a p n O . n o i t a r e p o n g i e r o f t a h t n i s t s e r e t n i g n i l l o r t n o c - n o n t n a c i f i n g i s f o s s o l a n i t l u s e r t o n s e o d t a h t n o i t a r e p o n g i e r o f a s e d u l c n i t a h t e r u t n e v t n i o j e h t f o t n u o m a e v i t a l u m u c e h t f o e r a h s e t a n o i t r o p o r p e h t y l n o , l o r t n o c t n i o j r o e c n e u l f n i r o t i f o r p o t d e i f i s s a l c e r s i e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s e c n e r e f f i d e g n a h c x e d n a s t e s s a f o s t n u o m a g n i y r r a c e h t o t s t n e m t s u j d a e u l a v r i a f y n a d n a l l i w d o o g . s s o l y n A e t a d e d a r t g n i s u d e z i n g o c e r e r a s e i t i l i b a i l d n a s t e s s a l a i c n a n i f f o e l a s r o e s a h c r u P d n a s t e s s a s a d e t a e r t e r a n o i t a r e p o n g i e r o f a f o n o i t i s i u q c a e h t m o r f g n i s i r a s e i t i l i b a i l . y c n e r r u c l a n o i t c n u f s t i n i d e s s e r p x e d n a n o i t a r e p o n g i e r o f e h t f o s e i t i l i b a i l f o e s a c e h t n i , s u l p e u l a v r i a f t a y l l a i t i n i d e z i n g o c e r e r a s t e s s a l a i c n a n i f l l A . g n i t n u o c c a l a i c n a n i F . s t s o c e l b a t u b i r t t a y l t c e r i d , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a t o n s t n e m t s e v n i d n a , e u l a v r i a f t a d e z i n g o c e r y l l a i t i n i e r a s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a . e m o c n i e v i s n e h e r p m o c f o t n e m e t a t s e h t n i d e s n e p x e e r a s t s o c n o i t c a s n a r t s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F . i t n e m e r u s a e m t n e u q e s b u s d n a n o i t a c i f i s s a l C . a s t e s s A l a i c n a n i F r e h t o h g u o r h t e u l a v r i a f t a r o t s o c d e z i t r o m a t a d e r u s a e m t o n e r a t a h t s t e s s a l a i c n a n i F y l t n e u q e s b u s d n a e u l a v r i a f t a y l l a i t i n i d e z i n g o c e r e r a e m o c n i e v i s n e h e r p m o c . s s o l r o t i f o r p n i d e z i n g o c e r e u l a v r i a f n i s e g n a h c h t i w e u l a v r i a f t a d e r u s a e m l a m r o n s t i n i , t i e m u s n o c r o l l e s o t s d n e t n i r o , t e s s a e h t e z i l a e r o t s t c e p x e y n a p m o C e h t . a g n i t r o p e r e h t r e t f a s h t n o m e v l e w t n i h t i w t e s s a e h t e z i l a e r o t s t c e p x e y n a p m o C e h t ; g n i d a r t f o e s o p r u p e h t r o f y l i r a m i r p t e s s a e h t s d l o h y n a p m o C e h t . b . c ; e l c y c g n i t a r e p o r o ; d o i r e p d e g n a h c x e g n i e b m o r f d e t c i r t s e r s i t e s s a e h t s s e l n u t n e l a v i u q e h s a c a r o h s a c s i t e s s a e h t . d . d o i r e p g n i t r o p e r e h t r e t f a s h t n o m e v l e w t t s a e l t a r o f y t i l i b a i l a e l t t e s o t d e s u r o . t n e r r u c - n o n s a d e i f i s s a l c e r a s t e s s a r e h t o l l A 281 : n e h w t n e r r u c s a d e i f i s s a l c s i t e s s a n A n o i t c n i t s i D t n e r r u C - n o N d n a t n e r r u C ) 5 ( Financial Review e h t f o s d r a w e r d n a s k s i r e h t l l a y l l a i t n a t s b u s d n a s t e s s a d e r r e f s n a r t s a h y n a p m o C e h t . i i d n a s k s i r e h t l l a y l l a i t n a t s b u s d e n i a t e r r o n d e r r e f s n a r t r e h t i e n s a h y n a p m o C e h t . i i i . t e s s a e h t f o l o r t n o c d e r r e f s n a r t s a h t u b , t e s s a e h t f o s d r a w e r r o ; d e r r e f s n a r t n e e b e v a h t e s s a ; d e r i p x e e v a h t e s s a e h t m o r f s w o l f h s a c e v i e c e r o t s t h g i r l a u t c a r t n o c e h t : n e h w d e z i n g o c e r e d s i t e s s a l a i c n a n i f A . i g n i y r r a c e h t n e e w t e b e c n e r e f f i d e h t , y t e r i t n e s t i n i t e s s a l a i c n a n i f a f o n o i t i n g o c e r e d n O n i a g e v i t a l u m u c y n a g n i d u l c n i d e v i e c e r e b o t r o d e v i e c e r n o i t a r e d i s n o c e h t d n a t n u o m a t i f o r p n i d e z i n g o c e r s i e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r n e e b d a h t a h t s s o l r o . ) s t n e m u r t s n i y t i u q e r o f ( s g n i n r a e d e n i a t e r n i y l t c e r i d r o ) s t n e m u r t s n i t b e d r o f ( s s o l r o s e i f i l a u q d e r r e f s n a r t t r a p e h t d n a t e s s a l a i c n a n i f r e g r a l a f o t r a p s i t e s s a d e r r e f s n a r t e h t f I f o t n u o m a g n i y r r a c s u o i v e r p e h t s e t a c o l l a y n a p m o C e h t , y t e r i t n e s t i n i n o i t i n g o c e r e d r o f t r a p e h t d n a d e z i n g o c e r e b o t s e u n i t n o c t a h t t r a p e h t n e e w t e b t e s s a l a i c n a n i f r e g r a l e h t e h t f o e t a d e h t n o s t r a p e s o h t f o s e u l a v r i a f e v i t a l e r e h t n o d e s a b , d e z i n g o c e r e d s i t a h t e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r n e e b d a h t a h t s s o l r o n i a g e v i t a l u m u c y n A . r e f s n a r t s i t a h t t r a p e h t d n a d e z i n g o c e r e b o t s e u n i t n o c t a h t t r a p e h t n e e w t e b d e t a c o l l a s i e m o c n i n e e w t e b e c n e r e f f i d e h T . s t r a p e s o h t f o s e u l a v r i a f e v i t a l e r e h t n o d e s a b , d e z i n g o c e r e d n o i t a r e d i s n o c e h t f o m u s e h t d n a d e z i n g o c e r e d t r a p e h t o t d e t a c o l l a t n u o m a g n i y r r a c e h t d a h t a h t d e t a c o l l a s s o l r o n i a g e v i t a l u m u c y n a d n a d e z i n g o c e r e d t r a p e h t r o f d e v i e c e r r o s s o l r o t i f o r p n i d e z i n g o c e r s i , e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r n e e b . s g n i n r a e d e n i a t e r n i y l t c e r i d s e s s o l t i d e r c d e t c e p x e r o f e c n a w o l l a n a , e t a d g n i t r o p e r h c a e t a , s e r u s a e m y n a p m o C e h T y c i l o p t n e m r i a p m I . c r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m s t n e m t s e v n i t n e m u r t s n i t b e d r o f ) s L C E ( g n i s s e s s a y b t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i f d n a e m o c n i e v i s n e h e r p m o c . n o i t a m r o f n i g n i k o o l - d r a w r o f g n i d u l c n i n o i t a m r o f n i e l b a t r o p p u s d n a e l b a n o s a e r l a i t i n i e c n i s y l t n a c i f i n g i s d e s a e r c n i t o n s a h t e s s a l a i c n a n i f a n o k s i r t i d e r c e h t e r e h W . s L C E h t n o m - 2 1 o t l a u q e t n u o m a n a t a d e r u s a e m s i e c n a w o l l a s s o l e h t , n o i t i n g o c e r l a i t i n i e c n i s y l t n a c i f i n g i s d e s a e r c n i s a h t e s s a l a i c n a n i f a n o k s i r t i d e r c e h t e r e h W . s L C E e m i t e f i l e h t o t l a u q e t n u o m a n a t a d e r u s a e m s i e c n a w o l l a s s o l e h t , n o i t i n g o c e r d e i f i l p m i s a s e i l p p a y n a p m o C e h t , s t e s s a t c a r t n o c d n a e l b a v i e c e r s t n u o c c a , s e t o n r o F n i s e g n a h c k c a r t t o n s e o d y n a p m o C e h t , e r o f e r e h T . s L C E g n i t a l u c l a c n i h c a o r p p a h c a e t a s L C E e m i t e f i l n o d e s a b e c n a w o l l a s s o l a s e z i n g o c e r d a e t s n i t u b , k s i r t i d e r c s s o l t i d e r c l a c i r o t s i h s ’ y n a p m o C e h t n o d e s a b d e r u s a e m e r a s L C E . e t a d g n i t r o p e r g n i k o o l - d r a w r o f r o f d e t s u j d a , n o i t i d n o c l a i c n a n i f t n e r r u c ’ s r e m o t s u c d n a e c n e i r e p x e . t n e m n o r i v n e c i m o n o c e ’ s r e m o t s u c s a h c u s , s r o t c a f n i t n e s e r p o t n o i t c e l e e l b a c o v e r r i n a e k a m y a m y n a p m o C e h t , n o i t i n g o c e r l a i t i n i t A n i t n e m t s e v n i n a f o e u l a v r i a f e h t n i s e g n a h c t n e u q e s b u s e m o c n i e v i s n e h e r p m o c r e h t o h c u s f o l a s o p s i d a s i e r e h t n e h W . g n i d a r t r o f d l e h t o n s i t a h t t n e m u r t s n i y t i u q e n a e m o c n i e v i s n e h e r p m o c r e h t o n i d e t n e s e r p s t n u o m a d e t a l u m u c c a , t n e m u r t s n i y t i u q e e h t o t y l t c e r i d d e r r e f s n a r t e r a t u b s s o l r o t i f o r p o t d e r r e f s n a r t y l t n e u q e s b u s t o n e r a . s g n i n r a e d e n i a t e r e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a d e r u s a e m e r a s t n e m u r t s n i t b e d e h T : t e m e r a s n o i t i d n o c g n i w o l l o f e h t f o h t o b f i d e v e i h c a s i e v i t c e j b o e s o h w l e d o m s s e n i s u b a n i h t i w d l e h s i t e s s a l a i c n a n i f e h t ) i ( d n a s t e s s a l a i c n a n i f g n i l l e s d n a s w o l f h s a c l a u t c a r t n o c g n i t c e l l o c h t o b y b t n u o m a l a p i c n i r p e h t n o t s e r e t n i d n a l a p i c n i r p f o s t n e m y a p y l e l o s e r a t a h t s w o l f h s a c o t s e t a d d e i f i c e p s n o e s i r e v i g t e s s a l a i c n a n i f e h t f o s m r e t l a u t c a r t n o c e h t ) i i ( . g n i d n a t s t u o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f h c u s f o e u l a v r i a f e h t n i s e g n a h c t n e u q e s b u S . e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r e r a e m o c n i e v i s n e h e r p m o c r e h t o n g i e r o f d n a e u n e v e r t s e r e t n i , s e s s o l r o s n i a g t n e m r i a p m i , n o i t i n g o c e r e d e r o f e B l a i c n a n i f e h t n e h W . s s o l r o t i f o r p n i d e z i n g o c e r e r a s e s s o l d n a s n i a g e g n a h c x e r e h t o n i d e z i n g o c e r y l s u o i v e r p s s o l r o n i a g e v i t a l u m u c e h t d e z i n g o c e r e d e r a s t e s s a r o t i f o r p o t e m o c n i e v i s n e h e r p m o c r e h t o m o r f d e i f i s s a l c e r s i e m o c n i e v i s n e h e r p m o c . t n e m t s u j d a n o i t a c i f i s s a l c e r a s a s s o l h s a c d n a h s a c g n i d u l c n i ( t s o c d e z i t r o m a t a d e r u s a e m e r a s t e s s a l a i c n a n i f e h T f o h t o b f i ) s t e s s a l a i c n a n i f r e h t o d n a s e l b a v i e c e r r e h t o d n a s t n u o c c a , s e t o n , t n e l a v i u q e . t e m e r a s n o i t i d n o c g n i w o l l o f e h t d l o h o t s i e v i t c e j b o e s o h w l e d o m s s e n i s u b a n i h t i w d l e h s i t e s s a l a i c n a n i f e h t ) i ( d n a ; s w o l f h s a c l a u t c a r t n o c t c e l l o c o t r e d r o n i s t e s s a l a i c n a n i f t n u o m a l a p i c n i r p e h t n o t s e r e t n i d n a l a p i c n i r p f o s t n e m y a p y l e l o s e r a t a h t s w o l f h s a c o t s e t a d d e i f i c e p s n o e s i r e v i g t e s s a l a i c n a n i f e h t f o s m r e t l a u t c a r t n o c e h t ) i i ( . g n i d n a t s t u o , t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i f r o f n o i t i n g o c e r l a i t i n i o t t n e u q e s b u S d n a , s s e c o r p n o i t a z i t r o m a d o h t e m t s e r e t n i e v i t c e f f e e h t y b d e r u s a e m , e m o c n i t s e r e t n i e r a s e s s o l d n a s n i a G . d o i r e p n o i t a l u c r i c g n i r u d d e z i n g o c e r e r a s e s s o l t n e m r i a p m i . d e z i n g o c e r e d e r a s t e s s a l a i c n a n i f e h t n e h w s s o l r o t i f o r p n i d e z i n g o c e r t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i F . i i i s t e s s a l a i c n a n i f f o n o i t i n g o c e r e D . b e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F . i i 282 United Microelectronics Corporation | Annual Report 2019 e h t h t i W . k s i r e g n a h c x e y c n e r r u c n g i e r o f m o r f g n i s i r a s e r u s o p x e s e g a n a m y n a p m o C e h T g n i g d e h e h t n e e w t e b p i h s n o i t a l e r g n i g d e h a s e t a n g i s e d y n a p m o C e h t , 9 S R F I f o n o i t p o d a d n a p i h s n o i t a l e r c i m o n o c e n a f o e c n e t s i x e e h t h t i w m e t i d e g d e h e h t d n a t n e m u r t s n i s e t a n g i s e d y n a p m o C e h T . s s e n e v i t c e f f e e g d e h e h t t e e m o t o i t a r e g d e h e h t s e n i m r e t e d s k s i r e t a r e g n a h c x e y c n e r r u c n g i e r o f e h t e g d e h y l l a i t r a p o t s t n e m u r t s n i g n i g d e h n i a t r e c f o t n e n o p m o c e t a r a p e s e h T . s n o i t c a s n a r t t s a c e r o f e l b a b o r p y l h g i h n i a t r e c h t i w d e t a i c o s s a n i ( g n i w o l l o f e h t f o r e w o l e h t o t d e t s u j d a s i m e t i d e g d e h e h t h t i w d e t a i c o s s a y t i u q e d n a ; e g d e h e h t f o n o i t p e c n i m o r f t n e m u r t s n i g n i g d e h e h t n o s s o l r o n i a g e v i t a l u m u c e h t s w o l f h s a c e r u t u f d e t c e p x e e h t f o ) e u l a v t n e s e r p ( e u l a v r i a f n i e g n a h c e v i t a l u m u c e h t . a . b . e g d e h e h t f o n o i t p e c n i m o r f m e t i d e g d e h e h t n o : ) s t n u o m a e t u l o s b a n a e b o t d e n i m r e t e d s i t a h t t n e m u r t s n i g n i g d e h e h t n o s s o l r o n i a g e h t f o n o i t r o p e h T e v i t c e f f e n i e h t s a e r e h w , e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s i e g d e h e v i t c e f f e n i y l t c e r i d d e z i n g o c e r s i t n e m u r t s n i g n i g d e h e h t f o e u l a v r i a f e h t n i e g n a h c e h t f o n o i t r o p n o i t i n g o c e r e h t n i s t l u s e r y l t n e u q e s b u s n o i t c a s n a r t t s a c e r o f a f o e g d e h a f I . s s o l r o t i f o r p e r e w t a h t s e s s o l r o s n i a g d e t a i c o s s a e h t , y t i l i b a i l l a i c n a n i f - n o n a r o t e s s a l a i c n a n i f - n o n a f o r o t e s s a e h t f o t s o c l a i t i n i e h t n i d e d u l c n i e r a e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r . y t i l i b a i l g n i g d e h g n i g d e h e h t e h t n e h w y l n o g n i t n u o c c a e g d e h s e u n i t n o c s i d y l e v i t c e p s o r p y n a p m o C e h T n e h w e c n a t s n i r o f ; a i r e t i r c g n i y f i l a u q e h t t e e m o t s e s a e c p i h s n o i t a l e r . d e s i c r e x e r o d e t a n i m r e t , d l o s s i r o s e r i p x e t n e m u r t s n i y t i u q e n a r o y t i l i b a i l l a i c n a n i f a s a d e u s s i t n e m u r t s n i e h t s e i f i s s a l c y n a p m o C e h T e h t d n a t n e m e g n a r r a l a u t c a r t n o c e h t f o e c n a t s b u s e h t h t i w e c n a d r o c c a n i t n e m u r t s n i . t n e m u r t s n i y t i u q e n a d n a y t i l i b a i l l a i c n a n i f a f o s n o i t i n i f e d s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s e i t i l i b a i l l a i c n a n i F . i s e i t i l i b a i l l a i c n a n i f e d u l c n i s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s e i t i l i b a i l l a i c n a n i F r i a f t a s a n o i t i n g o c e r l a i t i n i n o p u d e t a n g i s e d s e i t i l i b a i l l a i c n a n i f d n a g n i d a r t r o f d l e h s e s s o l r o s n i a g , k s i r t i d e r c n w o n i s e g n a h c g n i d u l c x E . s s o l r o t i f o r p h g u o r h t e u l a v r o t i f o r p n i d e z i n g o c e r e r a d i a p t s e r e t n i g n i d u l c n i t n e m e r u s a e m t n e u q e s b u s e h t n o . s s o l t s o c d e z i t r o m a t a d e r u s a e m s e i t i l i b a i l l a i c n a n i F . i i d n a s n a o l g n i r a e b t s e r e t n i e d u l c n i t s o c d e z i t r o m a t a d e r u s a e m s e i t i l i b a i l l a i c n a n i F r e t f a d o h t e m t s e r e t n i e v i t c e f f e e h t g n i s u d e r u s a e m y l t n e u q e s b u s e r a t a h t s g n i w o r r o b e h t n e h w s s o l r o t i f o r p n i d e z i n g o c e r e r a s e s s o l d n a s n i a G . n o i t i n g o c e r l a i t i n i d o h t e m t s e r e t n i e v i t c e f f e e h t h g u o r h t s a l l e w s a d e z i n g o c e r e d e r a s e i t i l i b a i l . s s e c o r p n o i t a z i t r o m a n o m u i m e r p r o t n u o c s i d y n a t n u o c c a o t n i g n i k a t y b d e t a l u c l a c s i t s o c d e z i t r o m A . s t s o c n o i t c a s n a r t r o s e e f d n a n o i t i s i u q c a l a u t c a t a d e t a t s e r a s l a i r e t a m w a R . s i s a b l a u t e p r e p a n o r o f d e t n u o c c a e r a s e i r o t n e v n I s i y t i l i b a i l e h t r e d n u n o i t a g i l b o e h t n e h w d e z i n g o c e r e d s i y t i l i b a i l l a i c n a n i f A s e i r o t n e v n I ) 9 ( s e i t i l i b a i l l a i c n a n i f f o n o i t i n g o c e r e D . b s t s o c d r a d n a t s t a d e t a t s e r a s d o o g d e h s i n i f d n a s s e c o r p n i k r o w e h t e l i h w , s t s o c e s a h c r u p t s o c e h T . h t n o m h c a e f o d n e e h t t a s t s o c e g a r e v a - d e t h g i e w o t d e t s u j d a y l t n e u q e s b u s d n a t c e r i d r e h t o , r o b a l t c e r i d , s l a i r e t a m w a r s e s i r p m o c s d o o g d e h s i n i f d n a s s e r g o r p n i k r o w f o e h t o t s d a e h r e v o n o i t c u d o r p d e x i f f o n o i t a c o l l A . s d a e h r e v o n o i t c u d o r p d e t a l e r d n a s t s o c t s o C . s e i t i l i c a f n o i t c u d o r p e h t f o y t i c a p a c l a m r o n e h t n o d e s a b s i n o i s r e v n o c f o s t s o c t a d e u l a v e r a s e i r o t n e v n I . d e r r u c n i s a d e s n e p x e s i y t i c a p a c d e z i l i t u r e d n u h t i w d e t a i c o s s a e h t s i e u l a v e l b a z i l a e r t e N . m e t i y b m e t i e u l a v e l b a z i l a e r t e n d n a t s o c f o r e w o l e h t f o s t s o c d e t a m i t s e e h t s s e l s s e n i s u b f o e s r u o c y r a n i d r o e h t n i e c i r p g n i l l e s d e t a m i t s e . e l a s e h t e k a m o t y r a s s e c e n s t s o c d e t a m i t s e e h t d n a n o i t e l p m o c n o r e d n e l e m a s e h t m o r f r e h t o n a y b d e c a l p e r s i y t i l i b a i l l a i c n a n i f g n i t s i x e n a n e h W y l l a i t n a t s b u s e r a y t i l i b a i l g n i t s i x e n a f o s m r e t e h t r o , s m r e t t n e r e f f i d y l l a i t n a t s b u s n a h c u s , ) r o t b e d e h t f o y t l u c i f f i d l a i c n a n i f e h t o t e l b a t u b i r t t a t o n r o r e h t e h w ( d e i f i d o m e h t d n a y t i l i b a i l l a n i g i r o e h t f o n o i t i n g o c e r e d a s a d e t a e r t s i n o i t a c i f i d o m r o e g n a h c x e d n a s t n u o m a g n i y r r a c e v i t c e p s e r e h t n i e c n e r e f f i d e h t d n a , y t i l i b a i l w e n a f o n o i t i n g o c e r , d e m u s s a s e i t i l i b a i l r o d e r r e f s n a r t s t e s s a h s a c - n o n y n a g n i d u l c n i , d i a p n o i t a r e d i s n o c e h t . s e r i p x e r o d e l l e c n a c , d e g r a h c s i d . s s o l r o t i f o r p n i d e z i n g o c e r s i 283 g n i t n u o c c A e g d e H ) 8 ( s e g d e h w o l f h s a C t n e m e r u s a e m t n e u q e s b u s d n a n o i t a c i f i s s a l C . a s e i t i l i b a i L l a i c n a n i F Financial Review r o t i f o r p r i e h t m o r f d e t l u s e r t o n e r e w y r a i d i s b u s e h t f o s t e s s a t e n e h t n i s e g n a h c n e h W s ’ y n a p m o C e h t t c e f f a t o n o d s e g n a h c h c u s d n a , e m o c n i e v i s n e h e r p m o c r e h t o r o s s o l d e t a l e r l l a f o e r a h s e t a n o i t r o p o r p s t i s e z i n g o c e r y n a p m o C e h t , s e g a t n e c r e p p i h s r e n w o t a h t s e i r a i d i s b u s n i s t s e r e t n i p i h s r e n w o s ’ y n a p m o C e h t n i s e g n a h C . y t i u q e n i s e g n a h c s a r o f d e t n u o c c a e r a s e i r a i d i s b u s e h t r e v o l o r t n o c g n i s o l y n a p m o C e h t n i t l u s e r t o n o d e h t n i t n e m t s e v n i f o t n u o m a g n i y r r a c e h t n e e w t e b e c n e r e f f i d y n A . s n o i t c a s n a r t y t i u q e y l t c e r i d d e z i n g o c e r s i d e v i e c e r r o d i a p n o i t a r e d i s n o c e h t f o e u l a v r i a f e h t d n a y r a i d i s b u s . y t i u q e n i t n a c i f i n g i s d n a l o r t n o c f o s s o l n o p u d o h t e m y t i u q e e h t e s u o t s e s a e c y n a p m o C e h T e h t f o t n u o m a g n i y r r a c e h t n e e w t e b e c n e r e f f i d y n A . y r a i d i s b u s e h t r e v o e c n e u l f n i d e n i a t e r e h t f o e u l a v r i a f e h t d n a l o r t n o c f o s s o l n o p u y r a i d i s b u s a n i t n e m t s e v n i n a f I . s s o l r o t i f o r p n i d e z i n g o c e r e b l l i w l a s o p s i d m o r f s d e e c o r p s u l p t n e m t s e v n i r o e r u t n e v t n i o j a r o e t a i c o s s a n a n i t n e m t s e v n i n a s e m o c e b y r a i d i s b u s a n i t n e m t s e v n i , y r a i d i s b u s a n i t n e m t s e v n i n a s e m o c e b e r u t n e v t n i o j a r o e t a i c o s s a n a n i t n e m t s e v n i n a . t s e r e t n i d e n i a t e r e h t s e r u s a e m e r d n a d o h t e m y t i u q e e h t y l p p a o t s e u n i t n o c y n a p m o C e h t e c n e d i v e e v i t c e j b o y n a s i e r e h t r e h t e h w e t a d g n i t r o p e r h c a e t a s e n i m r e t e d y n a p m o C e h T e h t g n i e b , s s o l t n e m r i a p m i n A . d e r i a p m i e r a s e i r a i d i s b u s n i s t n e m t s e v n i e h t t a h t s i , t n u o m a g n i y r r a c s t i d n a y r a i d i s b u s e h t f o t n u o m a e l b a r e v o c e r e h t n e e w t e b e c n e r e f f i d f o t r a p s m r o f d n a e m o c n i e v i s n e h e r p m o c f o t n e m e t a t s e h t n i s s o l r o t i f o r p n i d e z i n g o c e r e h t g n i s u r o f d e t n u o c c a e r a s e t a i c o s s a d n a s e i r a i d i s b u s n i s t n e m t s e v n i s ’ y n a p m o C e h T s t e s s a t n e r r u c - n o n s a d e i f i s s a l c e b o t a i r e t i r c e h t t e e m t a h t e s o h t n a h t r e h t o d o h t e m y t i u q e s e i r a i d i s b u s n i t n e m t s e v n I . a . e l a s r o f d l e h r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t d n a t s o c n o i t i s i u q c a e h t n e e w t e b e c n e r e f f i d y n A s a r o f d e t n u o c c a e r a s e i r a i d i s b u s f o s e i t i l i b a i l d n a s t e s s a e l b a i f i t n e d i e h t f o e u l a v : s w o l l o f s i n o i t i s i u q c a f o e t a d e h t t a y r a i d i s b u s a f o s e i t i l i b a i l d n a s t e s s a e l b a i f i t n e d i e h t . t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t n i d e d u l c n i s i d n a l l i w d o o g s a d e z i n g o c e r f o e u l a v r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t r e v o t s o c n o i t i s i u q c a e h t f o s s e c x e y n A . i . d e t t i m r e p t o n s i l l i w d o o g f o n o i t a z i t r o m A d n a s t e s s a e l b a i f i t n e d i e h t f o e u l a v r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t f o s s e c x e y n A . i i . l o r t n o c s a h y n a p m o C e h t h c i h w r e v o y t i t n e n a s i y r a i d i s b u s A d o h t e M y t i u q E e h t r e d n U r o F d e t n u o c c A s t n e m t s e v n I ) 0 1 ( 284 s i t a h t d n a e c n e u l f n i t n a c i f i n g i s s a h y n a p m o C e h t h c i h w r e v o y t i t n e n a s i e t a i c o s s a n A o t r e w o p e h t s i e c n e u l f n i t n a c i f i n g i S . e r u t n e v t n i o j a r o n y r a i d i s b u s a r e h t i e n l o r t n o c t o n s i t u b , y t i t n e n a f o s n o i s i c e d y c i l o p g n i t a r e p o d n a l a i c n a n i f e h t n i e t a p i c i t r a p . s e i c i l o p e s o h t r e v o l o r t n o c t n i o j r o r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t d n a t s o c n o i t i s i u q c a e h t n e e w t e b e c n e r e f f i d y n A : s w o l l o f s a r o f d e t n u o c c a s i s e t a i c o s s a f o s e i t i l i b a i l d n a s t e s s a e l b a i f i t n e d i e h t f o e u l a v s i n o i t i s i u q c a f o e t a d e h t t a e t a i c o s s a n a f o s e i t i l i b a i l d n a s t e s s a e l b a i f i t n e d i e h t . t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t n i d e d u l c n i s i d n a l l i w d o o g s a d e z i n g o c e r f o e u l a v r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t r e v o t s o c n o i t i s i u q c a e h t f o s s e c x e y n A . i . d e t t i m r e p t o n s i l l i w d o o g f o n o i t a z i t r o m A s i , e u l a v r i a f e h t g n i s s e s s a e r r e t f a , t s o c n o i t i s i u q c a e h t r e v o e t a i c o s s a n a f o s e i t i l i b a i l d n a s t e s s a e l b a i f i t n e d i e h t f o e u l a v r i a f t e n e h t f o e r a h s s ’ y n a p m o C e h t f o s s e c x e y n A . i i . e t a d n o i t i s i u q c a e h t n o s s o l r o t i f o r p n i n i a g a s a d e z i n g o c e r s e t a i c o s s a n i t n e m t s e v n I . b e c n a l a b e h t n o d e i r r a c s i y r a i d i s b u s e h t n i t n e m t s e v n i e h t , d o h t e m y t i u q e e h t r e d n U d n a s s o l r o t i f o r p f o e r a h s s ’ y n a p m o C e h t n i s e g n a h c n o i t i s i u q c a t s o p s u l p t s o c t a t e e h s n i s e g n a h c f o e r a h s s ’ y n a p m o C e h T . y r a i d i s b u s e h t f o e m o c n i e v i s n e h e r p m o c r e h t o e h t n i y l t c e r i d d e z i n g o c e r s i e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l r o t i f o r p ’ s e i r a i d i s b u s d e v i e c e r s n o i t u b i r t s i D . e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l r o t i f o r p s ’ y n a p m o C . t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t e c u d e r y r a i d i s b u s a m o r f e r a s e i r a i d i s b u s o t y n a p m o C e h t m o r f s e l a s o t e u d s e s s o l d n a s t i f o r p d e z i l a e r n U s t i f o r p e h T . s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p s ’ y n a p m o C e h t n i d e t a n i m i l e n e e w t e b s e l a s e h t r o y n a p m o C e h t o t s e i r a i d i s b u s m o r f s e l a s e h t o t e u d s e s s o l d n a t n e t x e e h t o t s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t n i d e z i n g o c e r e r a s e i r a i d i s b u s . y n a p m o C e h t y b d e n w o t o n e r a h c i h w s t s e r e t n i f o s e r a h s e h t f o e h t s a d o i r e p g n i t r o p e r e m a s e h t r o f d e r a p e r p e r a s e i r a i d i s b u s f o s t n e m e t a t s l a i c n a n i F n i s e i c i l o p g n i t n u o c c a e h t g n i r b o t e d a m e r a s t n e m t s u j d a , y r a s s e c e n e r e h W . y n a p m o C . y n a p m o C e h t f o e s o h t h t i w e n i l . e t a d n o i t i s i u q c a e h t n o s s o l r o t i f o r p n i n i a g a s a d e z i n g o c e r . s t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t s i , e u l a v r i a f e h t g n i s s e s s a e r r e t f a , t s o c n o i t i s i u q c a e h t r e v o y r a i d i s b u s a f o s e i t i l i b a i l United Microelectronics Corporation | Annual Report 2019 d n a n o i t a i c e r p e d d e t a l u m u c c a f o t e n , t s o c t a d e t a t s e r a t n e m p i u q e d n a t n a l p , y t r e p o r P n i s e g n a h c f o e r a h s s ’ y n a p m o C e h T . e t a i c o s s a e h t f o e m o c n i e v i s n e h e r p m o c m r e t - g n o l r o f d e r r u c n i s t s o c g n i w o r r o b y n a d n a , y n a f i , s e s s o l t n e m r i a p m i d e t a l u m u c c a e h t n i y l t c e r i d d e z i n g o c e r s i e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l r o t i f o r p ’ s e t a i c o s s a t n a c i f i n g i S . t e m e r a a i r e t i r c n o i t i n g o c e r e h t f i d e z i l a t i p a c e r a s t c e j o r p n o i t c u r t s n o c d e v i e c e r s n o i t u b i r t s i D . e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l r o t i f o r p s ’ y n a p m o C d e t a e r t e r a a i r e t i r c n o i t i n g o c e r e h t g n i t e e m s n o i t c e p s n i r o j a m d n a s t n e m e v o r p m i , s l a w e n e r s n i a g d e z i l a e r n u y n A . t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t e c u d e r e t a i c o s s a n a m o r f . d e z i n g o c e r e d e r a s t r a p d e c a l p e r e s o h t f o s t n u o m a g n i y r r a c e h t d n a , s e r u t i d n e p x e l a t i p a c s a e r a e t a i c o s s a e h t d n a y n a p m o C e h t n e e w t e b s n o i t c a s n a r t m o r f g n i t l u s e r s e s s o l d n a g n i s i r a s s o l r o n i a g y n A . d e r r u c n i s a s e s n e p x e n i d e z i n g o c e r e r a s r i a p e r d n a e c n a n e t n i a M . s e s n e p x e d n a e m o c n i g n i t a r e p o r e h t o n i d e z i n g o c e r s i s t e s s a e h t f o n o i t i n g o c e r e d m o r f . e t a i c o s s a e h t n i t s e r e t n i s ’ y n a p m o C e h t f o t n e t x e e h t o t d e t a n i m i l e A . s e v i l l u f e s u d e t a m i t s e e h t r e v o s i s a b e n i l - t h g i a r t s a n o d e t a l u c l a c s i n o i t a i c e r p e D e h t s a d o i r e p g n i t r o p e r e m a s e h t r o f d e r a p e r p e r a s e t a i c o s s a f o s t n e m e t a t s l a i c n a n i F n i s e i c i l o p g n i t n u o c c a e h t g n i r b o t e d a m e r a s t n e m t s u j d a , y r a s s e c e n e r e h W . y n a p m o C e f i l l u f e s u t n e r e f f i d a s a h h c i h w t n e m p i u q e d n a t n a l p , y t r e p o r p f o m e t i n a f o t r a p t n a c i f i n g i s . y l e t a r a p e s d e t a i c e r p e d s i m e t i e h t f o r e d n i a m e r e h t m o r f . y n a p m o C e h t f o e s o h t h t i w e n i l t a d e w e i v e r e r a s t e s s a e h t r o f s e u l a v l a u d i s e r d n a s e v i l l u f e s u , s d o h t e m n o i t a i c e r p e d e h T n a h t s e r a h s e r o m p u s e k a t y n a p m o C e h t f i , s e r a h s w e n f o e c n a u s s i s ’ e t a i c o s s a n a n o p U t a h t r e v o e c n e u l f n i t n a c i f i n g i s s t i g n i n i a t n i a m e l i h w g n i d l o h e t a n o i t r o p o r p l a n i g i r o s t i s e g n a h c s a d e d r o c e r e r a n o i t a m i t s e s u o i v e r p e h t m o r f s e g n a h c e h t d n a , d n e r a e y l a c s i f h c a e y t i u q e l a n o i t i d d a n a f o n o i t i s i u q c a n a s a r o f d e t n u o c c a e b d l u o w e s a e r c n i h c u s , e t a i c o s s a . s e t a m i t s e g n i t n u o c c a n i y n a p m o C e h t f i , s e r a h s w e n f o e c n a u s s i s ’ e t a i c o s s a n a n o p U . e t a i c o s s a e h t n i t s e r e t n i t n e m p i u q E d n a t n a l P , y t r e p o r P ) 1 1 ( t e e h s e c n a l a b e h t n o d e i r r a c s i e t a i c o s s a e h t n i t n e m t s e v n i e h t , d o h t e m y t i u q e e h t r e d n U r e h t o d n a s s o l r o t i f o r p f o e r a h s s ’ y n a p m o C e h t n i s e g n a h c n o i t i s i u q c a t s o p s u l p t s o c t a s a e r a s t e s s a e h t f o s e v i l l u f e s u d e t a m i t s e e h t , d e t a i c e r p e d t o n s i h c i h w , d n a l r o f t p e c x E s r a e y 6 5 ~ 0 2 s r a e y 6 s r a e y s r a e y 6 6 t n e m p i u q e d n a y r e n i h c a M t n e m p i u q e n o i t a t r o p s n a r T s e r u t x i f d n a e r u t i n r u F s g n i d l i u B : s w o l l o f e s a e L ) 2 1 ( e l i h w e g a t n e c r e p g n i d l o h k c o t s s t i s e c u d e r d n a s e r a h s e t a n o i t r o p o r p p u e k a t t o n s e o d e h t f o e r a h s e t a n o i t r o p o r p a , e t a i c o s s a t a h t r e v o e c n e u l f n i t n a c i f i n g i s s t i g n i n i a t n i a m o t d e i f i s s a l c e r s i e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r y l s u o i v e r p s s o l r o n i a g . l a t i p a c n i - d i a p l a n o i t i d d a o t d e g r a h c e b l l i w e c n e r e f f i d g n i n i a m e r y n A . s s o l d n a t i f o r p r e h t o r o s s o l r o t i f o r p s t i m o r f t l u s e r t o n s e o d e t a i c o s s a n a f o y t i u q e n i e g n a h c a n e h W p i h s r e n w o s ’ y n a p m o C e h t t c e f f a t o n o d s e g n a h c h c u s d n a , e m o c n i e v i s n e h e r p m o c n i s e g n a h c d e t a l e r l l a f o e r a h s e t a n o i t r o p o r p s t i s e z i n g o c e r y n a p m o C e h t , e g a t n e c r e p e h t s e i f i s s a l c e r y n a p m o C e h t , e t a i c o s s a e h t f o l a s o p s i d n o p u , y l g n i d r o c c A . y t i u q e . s i s a b a t a r o r p a n o s s o l r o t i f o r p o t l a t i p a c n i - d i a p l a n o i t i d d a d e n o i t n e m e r o f a n a r e v o e c n e u l f n i t n a c i f i n g i s f o s s o l n o p u d o h t e m y t i u q e e h t e s u o t s e s a e c y n a p m o C e h T n a f o e s u e h t l o r t n o c o t t h g i r e h t s y e v n o c t c a r t n o c e h t f i e s a e l a , s n i a t n o c r o , s i t c a r t n o c A t n e m t s e v n i d e n i a t e r e h t f o e u l a v r i a f e h t d n a e c n e u l f n i t n a c i f i n g i s f o s s o l n o p u e t a i c o s s a n a n i t n e m t s e v n i n a f I . s s o l r o t i f o r p n i d e z i n g o c e r e b l l i w l a s o p s i d m o r f s d e e c o r p s u l p n i a t b o o t d n a , n o i t a r e d i s n o c f o e g n a h c x e n i e m i t f o d o i r e p a r o f t e s s a d e i f i t n e d i e r u t n e v t n i o j a n i t n e m t s e v n i n a r o e r u t n e v t n i o j a n i t n e m t s e v n i n a s e m o c e b e t a i c o s s a y n a p m o C e h T . t e s s a d e i f i t n e d i e h t f o e s u m o r f s t i f e n e b c i m o n o c e l l a y l l a i t n a t s b u s y t i u q e e h t y l p p a o t s e u n i t n o c y n a p m o C e h t , e t a i c o s s a n a n i t n e m t s e v n i n a s e m o c e b e s a e l - n o n d n a e s a e l e h t s e t a r a p e s d n a e s a e l e l g n i s a s a t c a r t n o c e s a e l a r o f s t n u o c c a . t s e r e t n i d e n i a t e r e h t e r u s a e m e r t o n s e o d d n a d o h t e m : s w o l l o f s a s i 9 1 0 2 n i g n i y l p p a s e i c i l o p g n i t n u o c c a t n a c i f i n g i s f o y r a m m u s e h T n a n i t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t n e e w t e b e c n e r e f f i d y n A . e t a i c o s s a a n o e m o c n i l a t n e r s a s e s a e l g n i t a r e p o m o r f s t n e m y a p e s a e l s e z i n g o c e r y n a p m o C e h T e r u t n e v t n i o j r o e t a i c o s s a e h t f o t n u o m a e l b a r e v o c e r e h t n e e w t e b e c n e r e f f i d e h t g n i e b f o t n e m e t a t s e h t n i s s o l r o t i f o r p n i d e z i n g o c e r s i , t n u o m a g n i y r r a c s t i d n a . e s a e l e h t f o m r e t e h t r e v o s i s a b e n i l - t h g i a r t s . s t n e m t s e v n i e h t f o t n u o m a g n i y r r a c e h t f o t r a p s m r o f d n a e m o c n i e v i s n e h e r p m o c . t c a r t n o c e h t n i d e d u l c n i s t n e n o p m o c r o s s e l a s a y n a p m o C e h T , s s o l t n e m r i a p m i n A . d e r i a p m i e r a s e r u t n e v t n i o j d n a s e t a i c o s s a n i s t n e m t s e v n i e h t t a h t e c n e d i v e e v i t c e j b o y n a s i e r e h t r e h t e h w e t a d g n i t r o p e r h c a e t a s e n i m r e t e d y n a p m o C e h T 285 Financial Review t s o c e h T . t s o c t a n o i t i n g o c e r l a i t i n i n o d e r u s a e m e r a y l e t a r a p e s d e r i u q c a s t e s s a e l b i g n a t n I f o e t a d e h t t a s a e u l a v r i a f s t i s i n o i t a n i b m o c s s e n i s u b a n i d e r i u q c a s t e s s a e l b i g n a t n i f o y n a s s e l t s o c t a d e i r r a c e r a s t e s s a e l b i g n a t n i , n o i t i n g o c e r l a i t i n i g n i w o l l o F . n o i t i s i u q c a y l l a n r e t n I . y n a f i , s e s s o l t n e m r i a p m i d e t a l u m u c c a d n a n o i t a z i t r o m a d e t a l u m u c c a d e z i l a t i p a c t o n e r a a i r e t i r c n o i t i n g o c e r e h t t e e m o t l i a f h c i h w s t e s s a e l b i g n a t n i d e t a r e n e g . d e r r u c n i d o i r e p e h t n i s s o l r o t i f o r p n i d e t c e l f e r e r a s e r u t i d n e p x e e h t d n a . e t i n i f e d n i r o e t i n i f r e h t i e s a d e s s e s s a e r a s t e s s a e l b i g n a t n i f o s e v i l l u f e s u e h T d e s s e s s a d n a s e v i l l u f e s u e h t r e v o d e z i t r o m a e r a s e v i l l u f e s u e t i n i f h t i w s t e s s a e l b i g n a t n I . d e r i a p m i e b y a m s t e s s a e l b i g n a t n i e h t t a h t n o i t a c i d n i n a s i e r e h t r e v e n e h w t n e m r i a p m i r o f e t i n i f a h t i w t e s s a e l b i g n a t n i n a r o f d o h t e m n o i t a z i t r o m a e h t d n a d o i r e p n o i t a z i t r o m a e h T d e t c e p x e e h t n i s e g n a h C . r a e y l a c s i f h c a e f o d n e e h t t a t s a e l t a d e w e i v e r e r a e f i l l u f e s u n i d e i d o b m e s t i f e n e b c i m o n o c e e r u t u f f o n o i t p m u s n o c f o n r e t t a p d e t c e p x e e h t r o e f i l l u f e s u , e t a i r p o r p p a s a , d o h t e m r o d o i r e p n o i t a z i t r o m a e h t g n i g n a h c y b r o f d e t n u o c c a s i t e s s a e h t . s e t a m i t s e g n i t n u o c c a n i s e g n a h c s a d e t a e r t s i d n a r o f d e t s e t e r a t u b , d e z i t r o m a t o n e r a s e v i l l u f e s u e t i n i f e d n i h t i w s t e s s a e l b i g n a t n I f o t n e m s s e s s a e h T . l e v e l U G C e h t t a r o y l l a u d i v i d n i r e h t i e , y l l a u n n a t n e m r i a p m i e f i l l u f e s u e t i n i f e d n i e h t r e h t e h w e n i m r e t e d o t y l l a u n n a d e w e i v e r s i e f i l l u f e s u e t i n i f e d n i s i e t i n i f o t e t i n i f e d n i m o r f e f i l l u f e s u n i e g n a h c e h t , t o n f I . e l b a t r o p p u s e b o t s e u n i t n o c . s i s a b e v i t c e p s o r p a n o e d a m r e h t o n i d e z i n g o c e r e r a t e s s a e l b i g n a t n i n a f o n o i t i n g o c e r e d m o r f g n i s i r a s e s s o l r o s n i a G : s w o l l o f s a d e z i r a m m u s e r a s t e s s a e l b i g n a t n i s ’ y n a p m o C e h t f o s e i c i l o p g n i t n u o c c A . s e s n e p x e d n a e m o c n i g n i t a r e p o a n o ) s r a e y 3 ( e f i l l u f e s u d e t a m i t s e r o m r e t t c a r t n o c e h t r e v o d e z i t r o m a s i e r a w t f o S . s i s a b e n i l - t h g i a r t s o t t h g i r e h t g n i n i a t b o d n a t c a r t n o c f o g n i n g i s n o p U : e e f e s n e c i l y g o l o n h c e t d n a t n e t a P d e e r g a y l l a u t u m d n a e l b a l l e c n a c - n o n o t e l b a t u b i r t t a n o i t r o p y n a , y t r e p o r p l a u t c e l l e t n i n a s a d e z i n g o c e r d n a , d e t n u o c s i d s i y g o l o n h c e t d n a t n e t a p r o f s e e f e s n e c i l d e x i f e r u t u f d e u l a v e r t o n s i t e s s a e l b i g n a t n i e h t f o t s o c e h T . y t i l i b a i l d e t a l e r d n a t e s s a e l b i g n a t n i 0 1 ~ 5 ( e f i l l u f e s u e h t r e v o d e z i t r o m a s i d n a , n o i t i n g o c e r l a i t i n i n o d e n i m r e t e d e c n o e r a y t i l i b a i l d e t a l e r e h t m o r f s e s n e p x e t s e r e t n I . s i s a b e n i l - t h g i a r t s a n o ) s r a e y g n i m i t e h t n o d e s a B . d o h t e m t s e r e t n i e v i t c e f f e e h t n o d e s a b d e t a l u c l a c d n a d e z i n g o c e r . t n e r r u c - n o n d n a t n e r r u c s a d e i f i s s a l c s i y t i l i b a i l e h t , s t n e m y a p f o e h t f o r e t r o h s e h t r e v o d e z i t r o m a , s e e f e s n e c i l y t r e p o r p l a u t c e l l e t n i e h t y l n i a m e r a s r e h t O a n o y g o l o n h c e t d e t a l e r e h t f o ) s r a e y 3 ( e f i l l u f e s u d e t a m i t s e r o m r e t t c a r t n o c . s i s a b e n i l - t h g i a r t s . a . b . c s t e s s a e s u - f o - t h g i r e z i n g o c e r o t d e r i u q e r s i e e s s e l a , e s a e l a f o e t a d t n e m e c n e m m o c e h t t A . s e s a e l t e s s a e u l a v - w o l d n a s e s a e l m r e t - t r o h s r o f t p e c x e , s e i t i l i b a i l e s a e l d n a e h t t a d e r u s a e m d n a d e z i n g o c e r e b d l u o h s s e i t i l i b a i l e s a e l , e t a d t n e m e c n e m m o c e h t t A e h t g n i s u , e t a d t a h t t a d i a p n e e b t o n e v a h t a h t s t n e m y a p e s a e l e h t f o e u l a v t n e s e r p : e s i r p m o c s t n e m y a p e h T . e t a r g n i w o r r o b l a t n e m e r c n i s ’ y n a p m o C ; e l b a v i e c e r s e v i t n e c n i e s a e l y n a s s e l s t n e m y a p d e x i f . i o t n i a t r e c y l b a n o s a e r s i y n a p m o C e h t f i n o i t p o e s a h c r u p a f o e c i r p e s i c r e x e e h t . v i ; s e e t n a r a u g e u l a v l a u d i s e r r e d n u y n a p m o C e h t y b e l b a y a p e b o t d e t c e p x e s t n u o m a . i i i ; e t a r r o x e d n i n a n o d n e p e d t a h t s t n e m y a p e s a e l e l b a i r a v . i i y l r a e t a h t n i a t r e c y l b a n o s a e r s i t i s s e l n u e s a e l e h t g n i t a n i m r e t r o f s t n e m y a p . v . r u c c o t o n l l i w n o i t a n i m r e t d n a ; e s i c r e x e , d o h t e m t s e r e t n i e v i t c e f f e e h t g n i s u s d o i r e p t n e u q e s b u s n i d e r u s a e m e r a s e i t i l i b a i l e s a e L g n i y r r a c e h t , n o i t i d d a n I . s m r e t e s a e l e h t r e v o d e z i n g o c e r e r a s e s n e p x e t s e r e t n i e h t d n a t o n s i h c i h w n o i t a c i f i d o m a s i e r e h t f i d e r u s a e m e r s i s e i t i l i b a i l e s a e l f o t n u o m a s t n e m y a p e s a e l e h t n i e g n a h c a , m r e t e s a e l e h t n i e g n a h c a , e s a e l e t a r a p e s a s a d e t n u o c c a o t d e s u e t a r r o x e d n i n a n i e g n a h c a m o r f g n i t l u s e r s t n e m y a p e r u t u f o t s e g n a h c , . g . e ( e s a h c r u p o t n o i t p o n a f o t n e m s s e s s a e h t n i e g n a h c a r o ) s t n e m y a p e s a e l h c u s e n i m r e t e d . t e s s a g n i y l r e d n u e h t . a h c i h w , t s o c t a d e r u s a e m e b d l u o h s s t e s s a e s u - f o - t h g i r e h t , e t a d t n e m e c n e m m o c e h t t A . b d n a ; e t a d t n e m e c n e m m o c e h t e r o f e b r o t a e d a m s t n e m y a p e s a e l y n a . i i ; s e i t i l i b a i l e s a e l e h t f o t n e m e r u s a e m l a i t i n i e h t f o t n u o m a e h t . i . d e r r u c n i s t s o c t c e r i d l a i t i n i y n a . i i i : e s i r p m o c . l e d o m t s o c g n i s u d e r u s a e m e r a s t e s s a e s u - f o - t h g i r e h t , n o i t i n g o c e r l a i t i n i o t t n e u q e s b u S e h t m o r f d e t a i c e r p e d e r a l e d o m t s o c e h t r e d n u d e r u s a e m s t e s s a e s u - f o - t h g i R s t e s s a e s u - f o - t h g i r e h t f o e f i l l u f e s u e h t f o d n e e h t f o r e i l r a e e h t o t e t a d t n e m e c n e m m o c a n i s t l u s e r s e i t i l i b a i l e s a e l e h t f o t n e m e r u s a e m e r y n A . s m r e t e s a e l e h t f o d n e e h t r o . s t e s s a e s u - f o - t h g i r e h t f o t n e m t s u j d a g n i d n o p s e r r o c d n a , s t e e h s e c n a l a b e h t n o s e i t i l i b a i l e s a e l d n a s t e s s a e s u - f o - t h g i r s t n e s e r p y n a p m o C e h T f o s t n e m e t a t s e h t n i d e t n e s e r p y l e t a r a p e s e r a s e s n e p x e t s e r e t n i d n a s e s n e p x e n o i t a i c e r p e d h t i w d e t a i c o s s a s t n e m y a p e s a e l e h t s e z i n g o c e r y n a p m o C e h T . e m o c n i e v i s n e h e r p m o c e h t r e v o s i s a b e n i l - t h g i a r t s a n o s e s n e p x e s a s e s a e l t e s s a e u l a v - w o l d n a s e s a e l m r e t - t r o h s . s m r e t e s a e l s t e s s A e l b i g n a t n I ) 3 1 ( e e s s e l a s a y n a p m o C e h T 286 United Microelectronics Corporation | Annual Report 2019 g n i t c u d e d , n o i t a g i l b o t i f e n e b d e n i f e d e h t f o e u l a v t n e s e r p e h t f o t n u o m a e h t s a d e z i n g o c e r e c i v r e S . g n i l i e c t e s s a e h t f o t c e f f e y n a r o f g n i t s u j d a d n a s t e s s a n a l p y n a f o e u l a v r i a f e h t s e s n e p x e s a d e z i n g o c e r e r a ) t e s s a ( y t i l i b a i l t i f e n e b d e n i f e d t e n e h t n o t s e r e t n i t e n d n a t s o c h c i h w , ) t e s s a ( y t i l i b a i l t i f e n e b d e n i f e d t e n e h t f o t n e m e r u s a e m e R . e c i v r e s f o d o i r e p e h t n i t c e f f e e h t n i e g n a h c y n a d n a s t e s s a n a l p n o n r u t e r e h t , s e s s o l d n a s n i a g l a i r a u t c a s e s i r p m o c r e h t o n i d e z i n g o c e r s i , t s e r e t n i t e n n i d e d u l c n i s t n u o m a y n a g n i d u l c x e , g n i l i e c t e s s a e h t f o e h t , y t i r u t a m e r o f e b t h g i r n o i s r e v n o c r i e h t e s i c r e x e s r e d l o h d n o b e l b i t r e v n o c e h t f I d e t s u j d a e h T . t n e n o p m o c y t i l i b a i l e h t f o t n u o m a g n i y r r a c e h t d n a n o i s r e v n o c f o t a t n u o m a g n i y r r a c e h t t s u j d a l l a h s y n a p m o C t n e n o p m o c y t i l i b a i l e h t f o t n u o m a g n i y r r a c n i t e s s a n a t a h t n o i t a c i d n i n a s i e r e h t r e h t e h w e t a d g n i t r o p e r h c a e t a s e s s e s s a y n a p m o C e h T s t e s s A l a i c n a n i F - n o N f o t n e m r i a p m I ) 4 1 ( . s m u i m e r p - l a t i p a c n i - d i a p l a n o i t i d d a d n a k c o t s n o m m o c o t d e t i d e r c e r a t n e n o p m o c y t i u q e , s t s i x e n o i t a c i d n i y n a f I . d e r i a p m i e b y a m ” s t e s s A f o t n e m r i a p m I “ 6 3 S A I f o e p o c s e h t . n o i s r e v n o c d n o b n o p u d e z i n g o c e r s i s s o l r o n i a g o N s t e s s a l a u d i v i d n i e h t h c i h w o t U G C e h t r o f g n i t s e t t n e m r i a p m i s e t e l p m o c y n a p m o C e h t y t i l i b a i l t n e r r u c a s a d e i f i s s a l c s i s d n o b e l b i t r e v n o c f o t n e n o p m o c y t i l i b a i l e h t , n o i t i d d a n I , t n u o m a e l b a r e v o c e r s t i s d e e c x e U G C r o t e s s a n a f o t n u o m a g n i y r r a c e h t e r e h W . g n o l e b e h T . t n u o m a e l b a r e v o c e r s t i o t n w o d n e t t i r w s i d n a d e r i a p m i d e r e d i s n o c s i t e s s a e h t t h g i r t u p e h t r e t f A . t h g i r t u p e h t e s i c r e x e y a m s r e d l o h d n o b e h t s h t n o m 2 1 n i h t i w f i s t s o c s s e l e u l a v r i a f s t i f o r e h g i h e h t s i U G C a r o t e s s a l a u d i v i d n i n a f o t n u o m a e l b a r e v o c e r a s a d e i f i s s a l c e r e b d l u o h s s d n o b e l b i t r e v n o c e h t f o t n e n o p m o c y t i l i b a i l e h t , s e r i p x e d e z i n g o c e r y l s u o i v e r p t a h t e t a c i d n i s e c n a t s m u c r i c f I . e s u n i e u l a v s t i d n a l a s o p s i d f o . s t c e p s e r r e h t o l l a n i y t i l i b a i l t n e r r u c - n o n a f o n o i t i n i f e d e h t s t e e m t i f i y t i l i b a i l t n e r r u c - n o n e h t , e t a d g n i t r o p e r h c a e t a d e s a e r c e d e v a h y a m r o t s i x e r e g n o l o n y a m s e s s o l t n e m r i a p m i e g n a h c x e n i n a l p e h t o t e l b a y a p n o i t u b i r t n o c e h t , s n a l p n o i s n e p n o i t u b i r t n o c d e n i f e d r e d n U f o t n u o m a g n i y r r a c e h t t a h t o s d e t i m i l s i l a s r e v e r e h T . d e z i n g o c e r s a w s s o l t n e m r i a p m i . e s n e p x e n a s a d e z i n g o c e r e b l l a h s d o i r e p a g n i r u d e e y o l p m e n a y b d e r e d n e r e c i v r e s e h t r o f t a h t t n u o m a g n i y r r a c e h t d e e c x e r o n , t n u o m a e l b a r e v o c e r s t i d e e c x e t o n s e o d t e s s a e h t a s a d e z i n g o c e r s i , d i a p y d a e r l a t n u o m a y n a g n i t c u d e d r e t f a , e l b a y a p n o i t u b i r t n o c e h T s s o l t n e m r i a p m i o n d a h , n o i t a z i t r o m a r o n o i t a i c e r p e d f o t e n , d e n i m r e t e d n e e b e v a h d l u o w . y t i l i b a i l . s r a e y r o i r p n i t e s s a e h t r o f d e z i n g o c e r n e e b e b l l a h s ) t e s s a ( y t i l i b a i l t i f e n e b d e n i f e d t e n e h t , s n a l p n o i s n e p t i f e n e b d e n i f e d r e d n U e m o c n i g n i t a r e p o r e h t o s a d e i f i s s a l c s i s e s s o l t n e m r i a p m i f o l a s r e v e r r o n o i t i n g o c e r e h T s t i f e n e B t n e m y o l p m E - t s o P ) 6 1 ( d e z i n g o c e r y l s u o i v e r p A . t n u o m a e l b a r e v o c e r s ’ U G C r o s ’ t e s s a e h t s e s s e s s a - e r y n a p m o C e c i v r e s d e t a m i t s e e h t n i e s a e r c n i n a n e e b s a h e r e h t f i y l n o d e s r e v e r s i s s o l t n e m r i a p m i t s a l e h t e c n i s t n u o m a e l b a r e v o c e r e h t s e s a e r c n i n r u t n i h c i h w t e s s a n a f o l a i t n e t o p s d n o b e l b i t r e v n o C . s e s n e p x e d n a s d n o B ) 5 1 ( y n a p m o C e h T n i d e z i n g o c e r t n e m e r u s a e m e R . r u c c o y e h t h c i h w n i d o i r e p e h t n i e m o c n i e v i s n e h e r p m o c t i r e h t e h w e n i m r e t e d o t d e u s s i s d n o b e l b i t r e v n o c e h t f o s m r e t e h t s e t a u l a v e e b t o n l l a h s d n a s g n i n r a e d e n i a t e r n i y l e t a i d e m m i d e t c e l f e r s i e m o c n i e v i s n e h e r p m o c r e h t o f i s e s s e s s a y n a p m o C e h t , e r o m r e h t r u F . t n e n o p m o c y t i u q e n a d n a y t i l i b a i l a h t o b s n i a t n o c . d o i r e p t n e u q e s b u s a n i s s o l r o t i f o r p o t d e i f i s s a l c e r e h t n i d e d d e b m e s n o i t p o l l a c d n a t u p e h t f o s k s i r d n a s c i t s i r e t c a r a h c c i m o n o c e e h t s t n a r G t n e m n r e v o G ) 7 1 ( t s o h e h t f o k s i r d n a s c i t s i r e t c a r a h c c i m o n o c e e h t o t d e t a l e r y l e s o l c e r a s d n o b e l b i t r e v n o c . t n e m e l e y t i u q e e h t g n i t a r a p e s e r o f e b t c a r t n o c f o e r u s o l c s i D d n a s t n a r G t n e m n r e v o G r o f g n i t n u o c c A “ 0 2 S A I h t i w e c n a d r o c c a n I n o d e s a b d e n i m r e t e d s i e u l a v r i a f s t i , s e v i t a v i r e d e h t g n i d u l c x e t n e n o p m o c y t i l i b a i l e h t r o F s i e r e h t n e h w s t n a r g t n e m n r e v o g e h t s e z i n g o c e r y n a p m o C e h t , ” e c n a t s i s s A t n e m n r e v o G e l b a r a p m o c f o s t n e m u r t s n i o t t e k r a m e h t y b e m i t t a h t t a d e i l p p a e t a r t s e r e t n i e v i t c e f f e e h t m e h t o t g n i h c a t t a s n o i t i d n o c e h t d n a d e v i e c e r e b l l i w s t n a r g h c u s t a h t e c n a r u s s a e l b a n o s a e r t a d e r u s a e m y t i l i b a i l l a i c n a n i f a s a d e i f i s s a l c s i t n e n o p m o c y t i l i b a i l e h T . s u t a t s t i d e r c t i f o r p n i d e z i n g o c e r d n a e m o c n i d e r r e f e d s a d e d r o c e r s i t n a r g t n e m n r e v o g d e t a l e r t e s s a n A s i t i , t c a r t n o c t s o h e h t o t d e t a l e r y l e s o l c t o n s i t a h t e v i t a v i r e d d e d d e b m e e h t r o F . d e l t t e s t i f o r p h g u o r h t e u l a v r i a f t a d e r u s a e m y l t n e u q e s b u s d n a t n e n o p m o c y t i l i b a i l a s a d e i f i s s a l c d e t a l e r e s n e p x e n A . s t e s s a e h t f o s e v i l l u f e s u e h t r e v o s i s a b e n i l - t h g i a r t s a n o s s o l r o d e z i n g o c e r s i t n e n o p m o c y t i u q e e h T . t n e n o p m o c y t i u q e n a s a s e i f i l a u q t i s s e l n u s s o l r o n i s d o i r e p e h t r e v o s i s a b c i t a m e t s y s a n o s s o l r o t i f o r p n i d e z i n g o c e r s i t n a r g t n e m n r e v o g a s a t n e m u r t s n i l a i c n a n i f d n u o p m o c e h t f o e u l a v r i a f e h t n e e w t e b e c n e r e f f i d e h t t a y l l a i t i n i s i t n a r g e h t h c i h w r o f s t s o c d e t a l e r e h t s e s n e p x e s a s e z i n g o c e r y n a p m o C e h t h c i h w t o n s i t n u o m a g n i y r r a c s t I . t n e n o p m o c y t i l i b a i l e h t f o e u l a v r i a f e h t d n a e l o h w s e s s o l r o s e s n e p x e r o f s e t a s n e p m o c t a h t t n a r g t n e m n r e v o g A . e t a s n e p m o c o t d e d n e t n i t o n s e o d d e u s s i d n o b e l b i t r e v n o c e h t f I . s d o i r e p g n i t n u o c c a t n e u q e s b u s e h t n i d e r u s a e m e r y n a p m o C e h t o t t r o p p u s l a i c n a n i f e t a i d e m m i g n i v i g f o e s o p r u p e h t r o f r o d e r r u c n i y d a e r l a h t i w e c n a d r o c c a n i t n e m u r t s n i d i r b y h a s a r o f d e t n u o c c a s i t i , t n e n o p m o c y t i u q e n a e v a h . e l b a v i e c e r s e m o c e b t i n e h w s s o l r o t i f o r p n i d e z i n g o c e r s i s t s o c d e t a l e r e r u t u f o n h t i w . 9 S R F I r e d n u s t n e m e r i u q e r e h t . h t i w d e i l p m o c e b l l i w r o d e t r e v n o c s i t n e m u r t s n i e h t e r o f e b d o h t e m t s e r e t n i e v i t c e f f e e h t g n i s u t s o c d e z i t r o m a 287 Financial Review e h t g n i y l p p a y b s r e m o t s u c h t i w s t c a r t n o c m o r f e u n e v e r s e z i n g o c e r y n a p m o C e h T : ” s r e m o t s u C h t i w s t c a r t n o C m o r f e u n e v e R “ 5 1 S R F I f o s p e t s g n i w o l l o f d n a ; t c a r t n o c e h t n i s n o i t a g i l b o e c n a m r o f r e p e h t o t e c i r p n o i t c a s n a r t e h t e t a c o l l a s n o i t a g i l b o e c n a m r o f r e p s t i s e i f s i t a s y t i t n e e h t ) s a r o ( n e h w e u n e v e r e z i n g o c e r ; t c a r t n o c e h t n i s n o i t a g i l b o e c n a m r o f r e p e h t y f i t n e d i ; r e m o t s u c a h t i w t c a r t n o c e h t y f i t n e d i ; e c i r p n o i t c a s n a r t e h t e n i m r e t e d . a . b . c . d . e t n i o j d n a s r e f a w f o s e l a s e h t r o f s r e m o t s u c h t i w s t c a r t n o c s ’ y n a p m o C e h t n o s e u n e v e R e c n a m r o f r e p s t i s e i f s i t a s y n a p m o C e h t s a d e z i n g o c e r e r a t n e m p o l e v e d y g o l o n h c e t e h T . s e c i v r e s d n a s d o o g d e s i m o r p f o l o r t n o c f o r e f s n a r t n o p u s r e m o t s u c o t s n o i t a g i l b o l a u t c a r t n o c g n i s u d e n i m r e t e d e r a t a h t e c i r p n o i t c a s n a r t t a e u n e v e r s e z i n g o c e r y n a p m o C n o d e s a b s e t a m i t s e y n a p m o C e h t h c i h w s e c n a w o l l a d n a s n r u t e r s e l a s y b d e c u d e r s e c i r p f o t n u o m a e h t n i l a s r e v e r t n a c i f i n g i s a t a h t d e n i m r e t e d g n i v a h e c n e i r e p x e l a c i r o t s i h s e z i n g o c e r y n a p m o C e h T . r u c c o o t e l b a b o r p t o n e r a d e z i n g o c e r e u n e v e r e v i t a l u m u c r e m o t s u c e h t n o d e s a b s e c n a w o l l a d n a n r u t e r s e l a s d e t a m i t s e r o f s e i t i l i b a i l d n u f e r . s r o t c a f n w o n k r e h t o d n a , e c n e i r e p x e l a c i r o t s i h , s t n i a l p m o c e h t f o l o r t n o c s r e f s n a r t y n a p m o C e h t n e h w e l b a v i e c e r s t n u o c c a s e z i n g o c e r y n a p m o C e h T s i t a h t n o i t a r e d i s n o c f o t n u o m a n a o t t h g i r a s a h d n a s r e m o t s u c o t s e c i v r e s r o s d o o g t n a c i f i n g i s a n i a t n o c t o n o d d n a m r e t t r o h s e r a e l b a v i e c e r s t n u o c c a h c u S . l a n o i t i d n o c n u y n a p m o C e h t e d i v o r p t o n o d t a h t s t c a r t n o c n i a t r e c r o F . t n e n o p m o c g n i c n a n i f r o s d o o g e h t f o l o r t n o c f o r e f s n a r t e h t d n a , n o i t a r e d i s n o c e h t o t s t h g i r l a n o i t i d n o c n u . s e u n e v e r d n a s t e s s a t c a r t n o c s e z i n g o c e r y n a p m o C e h t , d e i f s i t a s n e e b s a h s e c i v r e s s t i d e i f s i t a s g n i v a h y n a p m o C e h t o t r o i r p s r e m o t s u c m o r f d e v i e c e r n o i t a r e d i s n o C o t d e r r e f s n a r t e r a h c i h w s e i t i l i b a i l t c a r t n o c s a r o f d e t n u o c c a e r a s n o i t a g i l b o e c n a m r o f r e p o t s t s o c s e z i n g o c e r y n a p m o C e h T . d e i f s i t a s e r a s n o i t a g i l b o e c n a m r o f r e p e h t r e t f a e u n e v e r e c n a h n e r o e t a r e n e g , t c a r t n o c e h t o t y l t c e r i d e t a l e r s t s o c e h t n e h w t c a r t n o c a l l i f l u f e b o t d e t c e p x e e r a d n a , e r u t u f e h t n i s n o i t a g i l b o e c n a m r o f r e p y f s i t a s o t d e s u e b o t s e c r u o s e r s t i s e i f s i t a s y n a p m o C e h t n e h w d e z i n g o c e r e r a s e u n e v e r d n a s t s o c e h T . d e r e v o c e r d n a s d o o g d e s i m o r p f o l o r t n o c f o r e f s n a r t n o p u s r e m o t s u c o t s n o i t a g i l b o e c n a m r o f r e p s r e m o t s u C h t i w s t c a r t n o C m o r f e u n e v e R n o i t i n g o c e R e u n e v e R ) 0 2 ( t a d e z i n g o c e r e r a ) s k c o t s y r u s a e r t ( d e s a h c r u p e r s t n e m u r t s n i y t i u q e n w o s ’ y n a p m o C e h T r o t i f o r p n i d e z i n g o c e r e b l l a h s s s o l r o n i a g o N . y t i u q e m o r f d e t c u d e d d n a t s o c e s a h c r u p e r . s t n e m u r t s n i y t i u q e n w o s ’ y n a p m o C e h t f o n o i t a l l e c n a c r o e u s s i , e l a s , e s a h c r u p e h t n o s s o l . y t i u q e n i d e z i n g o c e r s i n o i t a r e d i s n o c e h t d n a t n u o m a g n i y r r a c e h t n e e w t e b e c n e r e f f i d y n A s n o i t c a s n a r T t n e m y a P d e s a B - e r a h S ) 9 1 ( s i s e e y o l p m e s t i d n a y n a p m o C e h t n e e w t e b s n o i t c a s n a r t d e l t t e s - y t i u q e f o t s o c e h T t e k r a m e h t o t e c n e r e f e r y b l e d o m g n i c i r p e t a i r p o r p p a n a g n i s u e u l a v r i a f e h t t a d e r u s a e m . e t a d t n a r g e h t n o s t n e m u r t s n i y t i u q e e h t f o e c i r p g n i d n o p s e r r o c a h t i w r e h t e g o t , d e z i n g o c e r s i s n o i t c a s n a r t d e l t t e s - y t i u q e f o t s o c e h T e r a s n o i t i d n o c e c i v r e s r o / d n a e c n a m r o f r e p e h t h c i h w n i s d o i r e p e h t r e v o , y t i u q e n i e s a e r c n i h c a e t a s n o i t c a s n a r t d e l t t e s - y t i u q e r o f d e z i n g o c e r e s n e p x e e v i t a l u m u c e h T . d e l l i f l u f g n i e b s ’ y n a p m o C e h t d n a d e s s a p s a h d o i r e p g n i t s e v e h t h c i h w o t t n e t x e e h t s t c e l f e r e t a d g n i t r o p e r o t e g r a h c e h T . t s e v y l e t a m i t l u l l i w t a h t s t n e m u r t s n i y t i u q e f o y t i t n a u q e h t f o e t a m i t s e t s e b d e z i n g o c e r e s n e p x e e v i t a l u m u c n i t n e m e v o m e h t s t n e s e r p e r d o i r e p a r o f s s o l r o t i f o r p . d o i r e p t a h t f o d n e e h t d n a g n i n n i g e b e h t n e e w t e b r o f t p e c x e , t s e v y l e t a m i t l u t o n o d t a h t s d r a w a r o f d e z i n g o c e r e b l l i w e s n e p x e o N g n i t s e v - n o n r o t e k r a m a n o p u l a n o i t i d n o c s i g n i t s e v h c i h w r o f s n o i t c a s n a r t d e l t t e s - y t i u q e g n i t s e v - n o n r o t e k r a m e h t r e h t e h w f o e v i t c e p s e r r i d e t s e v s a d e t a e r t e r a e s e h T . n o i t i d n o c e r a s n o i t i d n o c e c i v r e s r o / d n a e c n a m r o f r e p r e h t o l l a t a h t d e d i v o r p , d e i f s i t a s s i n o i t i d n o c . d e i f s i t a s e s n e p x e m u m i n i m e h t , d e i f i d o m e r a d r a w a n o i t c a s n a r t d e l t t e s - y t i u q e n a f o s m r e t e h t e r e h W e h t f o s m r e t l a n i g i r o e h t f i , d e i f i d o m n e e b t o n d a h s m r e t e h t f i s a e s n e p x e e h t s i d e z i n g o c e r s e s a e r c n i t a h t n o i t a c i f i d o m y n a r o f d e z i n g o c e r s i e s n e p x e l a n o i t i d d a n A . t e m e r a d r a w a e h t o t l a i c i f e n e b e s i w r e h t o s i r o , n o i t c a s n a r t t n e m y a p d e s a b - e r a h s e h t f o e u l a v r i a f l a t o t e h t . n o i t a c i f i d o m f o e t a d e h t t a d e r u s a e m s a e e y o l p m e f o e t a d e h t n o s t s e v y l l u f t i f i s a d e t a e r t s i t i , d e l l e c n a c s i d r a w a d e l t t e s - y t i u q e n a e r e h W . y l e t a i d e m m i d e z i n g o c e r s i d r a w a e h t r o f d e z i n g o c e r t e y t o n e s n e p x e y n a d n a , n o i t a l l e c n a c e h t r e h t i e f o l o r t n o c e h t n i h t i w s n o i t i d n o c g n i t s e v - n o n e r e h w d r a w a y n a s e d u l c n i s i h T d e l l e c n a c e h t r o f s e t u t i t s b u s d r a w a w e n a f i , r e v e w o H . t e m t o n e r a e e y o l p m e e h t r o y t i t n e d e l l e c n a c e h t , d e t n a r g s i t i t a h t e t a d e h t n o d r a w a t n e m e c a l p e r a s a d e t a n g i s e d s i d n a d r a w a k c o t S y r u s a e r T ) 8 1 ( 288 . s e c i v r e s . d r a w a l a n i g i r o e h t f o n o i t a c i f i d o m a e r e w y e h t f i s a d e t a e r t e r a s d r a w a w e n d n a United Microelectronics Corporation | Annual Report 2019 e h t , s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d l l a r o f d e z i n g o c e r e r a s t e s s a x a t d e r r e f e D e l b a b o r p s i t i t a h t t n e t x e e h t o t , s t i d e r c x a t d e s u n u d n a s e s s o l x a t d e s u n u f o d r a w r o f y r r a c y r a r o p m e t e l b i t c u d e d e h t h c i h w t s n i a g a e l b a l i a v a e b l l i w t i f o r p e l b a x a t e r u t u f t a h t e b n a c s t i d e r c x a t d e s u n u d n a s e s s o l x a t d e s u n u f o d r a w r o f y r r a c e h t d n a s e c n e r e f f i d : t p e c x e , d e z i l i t u s s e n i s u b a t o n s i t a h t n o i t c a s n a r t a n i y t i l i b a i l r o t e s s a n a f o n o i t i n g o c e r l a i t i n i e h t r o n t i f o r p g n i t n u o c c a e h t r e h t i e n s t c e f f a , n o i t c a s n a r t e h t f o e m i t e h t t a , d n a n o i t a n i b m o c m o r f s e s i r a e c n e r e f f i d y r a r o p m e t e l b i t c u d e d e h t o t g n i t a l e r t e s s a x a t d e r r e f e d e h t e r e h W . a ; s s o l r o t i f o r p e l b a x a t e h t o t y l n o d e z i n g o c e r e r a s t e s s a x a t d e r r e f e d , s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s e l b a e e s e r o f e h t n i e s r e v e r l l i w s e c n e r e f f i d y r a r o p m e t e h t t a h t e l b a b o r p s i t i t a h t t n e t x e n a c s e c n e r e f f i d y r a r o p m e t e h t h c i h w t s n i a g a e l b a l i a v a e b l l i w t i f o r p e l b a x a t d n a e r u t u f n i s t n e m t s e v n i h t i w d e t a i c o s s a s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d f o t c e p s e r n I . b . d e z i l i t u e b n i y l p p a o t d e t c e p x e e r a t a h t s e t a r x a t e h t t a d e r u s a e m e r a s e i t i l i b a i l d n a s t e s s a x a t d e r r e f e D s w a l x a t d n a s e t a r x a t n o d e s a b , d e l t t e s s i y t i l i b a i l e h t r o d e z i l a e r s i t e s s a e h t n e h w r a e y e h t t n e m e r u s a e m e h T . e t a d g n i t r o p e r e h t t a d e t c a n e y l e v i t n a t s b u s r o d e t c a n e n e e b e v a h t a h t e h t w o l l o f d l u o w t a h t s e c n e u q e s n o c x a t e h t s t c e l f e r s e i t i l i b a i l d n a s t e s s a x a t d e r r e f e d f o r o r e v o c e r o t , d o i r e p g n i t r o p e r e h t f o d n e e h t t a , s t c e p x e y n a p m o C e h t h c i h w n i r e n n a m s m e t i o t g n i t a l e r x a t d e r r e f e D . s e i t i l i b a i l d n a s t e s s a s t i f o t n u o m a g n i y r r a c e h t e l t t e s r e h t o n i r e h t a r t u b s s o l r o t i f o r p n i d e z i n g o c e r t o n s i s s o l r o t i f o r p e d i s t u o d e z i n g o c e r d n a d e s s e s s a e r e r a s t e s s a x a t d e r r e f e D . y t i u q e n i y l t c e r i d r o e m o c n i e v i s n e h e r p m o c t a d e s s e s s a e r e r a s t e s s a x a t d e r r e f e d d e z i n g o c e r n U . e t a d g n i t r o p e r h c a e t a d e z i n g o c e r e r u t u f t a h t e l b a b o r p e m o c e b s a h t i t a h t t n e t x e e h t o t d e z i n g o c e r e r a d n a e t a d g n i t r o p e r h c a e . d e r e v o c e r e b o t s t e s s a x a t d e r r e f e d e h t w o l l a l l i w s t i f o r p e l b a x a t o t s t s i x e t h g i r e l b a e c r o f n e y l l a g e l a f i , r e h t o h c a e t e s f f o s e i t i l i b a i l d n a s t e s s a x a t d e r r e f e D d e r r e f e d e h t d n a , s e i t i l i b a i l x a t e m o c n i t n e r r u c t s n i a g a s t e s s a x a t e m o c n i t n e r r u c f f o t e s . y t i r o h t u a n o i t a x a t e m a s e h t d n a y t i t n e e l b a x a t e m a s e h t o t e t a l e r s e x a t h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f d n a t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i f r o F t s e r e t n i e v i t c e f f e e h t g n i s u d e d r o c e r s i e m o c n i t s e r e t n i , e m o c n i e v i s n e h e r p m o c r e h t o . s s o l r o t i f o r p n i d e z i n g o c e r d n a d o h t e m s d n e d i v i D , d e h s i l b a t s e s i s d n e d i v i d e h t e v i e c e r o t t h g i r s ’ y n a p m o C e h t n e h w d e z i n g o c e r s i e u n e v e R . d n e d i v i d e h t e v o r p p a s r e d l o h k c o t s n e h w y l l a r e n e g s i h c i h w e m o c n i t s e r e t n I x a T e m o c n I ) 1 2 ( d e r r e f e d d n a x a t e m o c n i t n e r r u c f o t n u o m a e t a g e r g g a e h t s i ) t i f e n e b ( e s n e p x e x a t e m o c n I . d o i r e p e h t r o f s s o l r o t i f o r p f o n o i t a n i m r e t e d e h t n i d e d u l c n i x a t e m o c n i x a t e m o c n i t n e r r u C e r a s d o i r e p r o i r p d n a d o i r e p t n e r r u c e h t r o f s e i t i l i b a i l d n a s t e s s a x a t e m o c n i t n e r r u C d e t c a n e y l e v i t n a t s b u s r o d e t c a n e n e e b e v a h t a h t s w a l x a t d n a s e t a r x a t e h t g n i s u d e r u s a e m d e z i n g o c e r s m e t i o t g n i t a l e r x a t e m o c n i t n e r r u C . d o i r e p g n i t r o p e r e h t f o d n e e h t y b e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s i y t i u q e r o e m o c n i e v i s n e h e r p m o c r e h t o n i y l t c e r i d . s s o l r o t i f o r p n a h t r e h t a r y t i u q e r o e m o c n i e s n e p x e x a t e m o c n i s a d e z i n g o c e r s i s g n i n r a e d e t u b i r t s i d n u r o f x a t e m o c n i l a n o i t i d d a e h T ’ s r e d l o h k c o t s e h t y b d e v o r p p a s i l a s o p o r p n o i t u b i r t s i d e h t n e h w r a e y t n e u q e s b u s e h t n i s e c n e r e f f i d y r a r o p m e t n o d o h t e m y t i l i b a i l e h t g n i s u d e n i m r e t e d s i x a t e m o c n i d e r r e f e D x a t e m o c n i d e r r e f e D . g n i t e e m r o f a i r e t i r c e h t g n i y f s i t a s t o n t u b , n o i t a n i b m o c s s e n i s u b a f o t r a p s a d e r i u q c a s t i f e n e b x a T l a i c n a n i f n i s t n u o m a g n i y r r a c r i e h t d n a s e i t i l i b a i l d n a s t e s s a f o s e s a b x a t e h t n e e w t e b . e t a d g n i t r o p e r e h t t a s t n e m e t a t s y l t n e u q e s b u s d e z i n g o c e r d n a d e z i l a e r e b t h g i m , e t a d n o i t i s i u q c a e h t t a n o i t i n g o c e r e t a r a p e s : s w o l l o f s a : t p e c x e , s e c n e r e f f i d y r a r o p m e t e l b a x a t l l a r o f d e z i n g o c e r e r a s e i t i l i b a i l x a t d e r r e f e D t l u s e r t a h t d o i r e p t n e m e r u s a e m e h t n i h t i w d e z i n g o c e r s t i f e n e b x a t d e r r e f e d d e r i u q c A e t a d n o i t i s i u q c a e h t t a d e t s i x e t a h t s e c n a t s m u c r i c d n a s t c a f t u o b a n o i t a m r o f n i w e n m o r f t a h t o t d e t a l e r l l i w d o o g y n a f o t n u o m a g n i y r r a c e h t e c u d e r o t d e i l p p a e b l l a h s x a t d e r r e f e d g n i n i a m e r y n a , l i n s i l l i w d o o g t a h t f o t n u o m a g n i y r r a c e h t f I . n o i t i s i u q c a ; s s o l r o t i f o r p n i d e z i n g o c e r e b l l a h s s t i f e n e b , s s o l r o t i f o r p n i d e z i n g o c e r e b l l a h s d e z i l a e r s t i f e n e b x a t d e r r e f e d d e r i u q c a r e h t o l l A . y t i u q e r o e m o c n i e v i s n e h e r p m o c r e h t o . a . b f o e m i t e h t t a , d n a n o i t a n i b m o c s s e n i s u b a t o n s i t a h t n o i t c a s n a r t a n i y t i l i b a i l r o t e s s a n a f o r o l l i w d o o g f o n o i t i n g o c e r l a i t i n i e h t m o r f s e s i r a y t i l i b a i l x a t d e r r e f e d e h t n e h W . a ; s s o l r o t i f o r p e l b a x a t r o n t i f o r p g n i t n u o c c a e h t r e h t i e n s t c e f f a , n o i t c a s n a r t e h t y r a r o p m e t e h t f o l a s r e v e r e h t f o g n i m i t e h t n e h w , s e r u t n e v t n i o j d n a s e t a i c o s s a t o n l l i w s e c n e r e f f i d y r a r o p m e t e h t t a h t e l b a b o r p s i t i d n a d e l l o r t n o c e b n a c s e c n e r e f f i d , s e i r a i d i s b u s n i s t n e m t s e v n i h t i w d e t a i c o s s a s e c n e r e f f i d y r a r o p m e t e l b a x a t f o t c e p s e r n I . b . e r u t u f e l b a e e s e r o f e h t n i e s r e v e r 289 Financial Review e h t n o d e d r o c e r s e i t i l i b a i l l a i c n a n i f d n a s t e s s a l a i c n a n i f 3 l e v e l e h t f o s e u l a v r i a f e h t e r e h W e h t y b d e n i m r e t e d e r a y e h t , s t e k r a m e v i t c a m o r f d e v i r e d e b t o n n a c t e e h s e c n a l a b t e k r a m d n a h c a o r p p a e m o c n i e h t g n i d u l c n i d o h t e m n o i t a u l a v e t a i r p o r p p a n a f o n o i t a c i l p p a e h t n i t n e m g d u j t n a c i f i n g i s s e v l o v n i s t e s s a l a i c n a n i f e s e h t f o n o i t a u l a v e h T . h c a o r p p a y t i u q e r o s e i n a p m o c e l b a r a p m o c f o n o i t c e l e s a , s t s a c e r o f w o l f h s a c f o n o i t a r a p e r p , s e t a r t n u o c s i d s a h c u s s n o i t p m u s s a f o n o i t a c i l p p a e h t s a l l e w s a , s e c i r p n o i t c a s n a r t s n o i t p m u s s a n i s e g n a h C . c t e , s e l p i t l u m n o i t a u l a v d n a , y t i l i b a t e k r a m f o k c a l r o f s t n u o c s i d r e f e r e s a e l P . s t e s s a l a i c n a n i f e h t f o e u l a v r i a f d e t r o p e r e h t t c e f f a d l u o c s r o t c a f e s e h t t u o b a . s l i a t e d e r o m r o f 2 1 e t o N o t t a h t s e d u l c n o c y n a p m o C e h t f I . s g n i l i f x a t e m o c n i s t i n i d e s u s t n e m t a e r t x a t n i a t r e c n u e h t e h t , t n e m t a e r t x a t n i a t r e c n u n a t p e c c a l l i w y t i r o h t u a n o i t a x a t e h t t a h t e l b a b o r p s i t i r o s t i d e r c x a t d e s u n u , s e s s o l x a t d e s u n u , s e s a b x a t , t i f o r p e l b a x a t e h t s e n i m r e t e d y n a p m o C x a t e m o c n i s t i n i d e s u e b o t d e n n a l p r o d e s u s t n e m t a e r t x a t e h t h t i w y l t n e t s i s n o c s e t a r x a t x a t n i a t r e c n u n a t p e c c a l l i w y t i r o h t u a n o i t a x a t e h t t a h t e l b a b o r p t o n s i t i f I . s g n i l i f e h t r o t n u o m a y l e k i l t s o m e h t r e h t i e g n i s u s e t a m i t s e s e k a m y n a p m o C e h t , t n e m t a e r t o t s t c e p x e y n a p m o C e h t d o h t e m h c i h w n o g n i d n e p e d , t n e m t a e r t x a t e h t f o e u l a v d e t c e p x e r o t n e m e g d u j a s e s s e s s a e r y n a p m o C e h T . y t n i a t r e c n u e h t f o n o i t u l o s e r e h t t c i d e r p r e t t e b . e g n a h c e c n a t s m u c r i c d n a s t c a f e h t f i e t a m i t s e e r a h S r e p s g n i n r a E ) 2 2 ( s t n e m u r t s n I l a i c n a n i F 3 l e v e L f o e u l a V r i a F e h T ) 1 ( t p e c c a l l i w y t i r o h t u a n o i t a x a t a t a h t e l b a b o r p s i t i r e h t e h w d e r e d i s n o c s a h y n a p m o C e h T 290 s e i r o t n e v n I ) 2 ( c i s a B . ” e r a h S r e p s g n i n r a E “ , 3 3 S A I o t g n i d r o c c a d e t u p m o c s i e r a h s r e p s g n i n r a E t e N . m e t i y b m e t i e u l a v e l b a z i l a e r t e n d n a t s o c f o r e w o l e h t t a d e u l a v e r a s e i r o t n e v n I e h t s s e l s s e n i s u b f o e s r u o c y r a n i d r o e h t n i e c i r p g n i l l e s d e t a m i t s e e h t s i e u l a v e l b a z i l a e r e s a e l P . e l a s e h t e k a m o t y r a s s e c e n s t s o c d e t a m i t s e e h t d n a n o i t e l p m o c f o s t s o c d e t a m i t s e g n i d u l c n i , d a e h r e v o d n a r o b a l t c e r i d e d u l c n i n o i t e l p m o c f o s t s o C . ) 4 ( 6 e t o N o t r e f e r t c e r i d n i , s t s o c r o b a l t c e r i d n i , t n e m p i u q e n o i t c u d o r p f o e c n a n e t n i a m d n a n o i t a i c e r p e d l a m r o n t a d e r r u c n i e b o t d e t c e p x e s i t a h t s e i t l a y o r d n a s e i t i l i t u , s e i l p p u s , s t s o c l a i r e t a m t n u o c c a o t n i g n i k a t l e v e l n o i t c u d o r p l a m r o n s e t a m i t s e y n a p m o C e h T . l e v e l n o i t c u d o r p d n a e c n e i r e p x e l a c i r o t s i h n o d e s a b , e c n a n e t n i a m d e n n a l p m o r f g n i t l u s e r y t i c a p a c f o s s o l . y t i c a p a c n o i t c u d o r p t n e r r u c s t i f e n e B t n e m y o l p m E - t s o P ) 3 ( f o r e b m u n e g a r e v a - d e t h g i e w e h t y b e m o c n i t e n g n i d i v i d y b d e t u p m o c s i e r a h s r e p s g n i n r a e r e p s g n i n r a e d e t u l i D . d o i r e p g n i t r o p e r t n e r r u c e h t g n i r u d g n i d n a t s t u o s e r a h s y r a n i d r o l a n o i t i d d a s u l p n o i t a r e d i s n o c o t n i e r a h s r e p s g n i n r a e c i s a b g n i k a t y b d e t u p m o c s i e r a h s n e e b d a h s t n e l a v i u q e e r a h s e v i t u l i d e h t f i g n i d n a t s t u o n e e b e v a h d l u o w t a h t s e r a h s y r a n i d r o d e v i r e d s e s n e p x e r o e m o c n i r e h t o d n a t s e r e t n i r o f d e t s u j d a o s l a s i e m o c n i t e N . d e u s s i g n i d n a t s t u o f o e g a r e v a - d e t h g i e w e h T . s t n e l a v i u q e e r a h s e v i t u l i d g n i y l r e d n u y n a m o r f n o i t a s n e p m o c k c o t s e e y o l p m e d n a s d n e d i v i d k c o t s r o f y l e v i t c a o r t e r d e t s u j d a s i s e r a h s . s e u s s i s e r i u q e r s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p s ’ y n a p m o C e h t f o n o i t a r a p e r p e h T f o s t n u o m a d e t r o p e r e h t t c e f f a t a h t s n o i t p m u s s a d n a s e t a m i t s e , s t n e m g d u j e k a m o t t n e m e g a n a m f o e r u s o l c s i d e h t d n a s e r u s o l c s i d g n i y n a p m o c c a e h t , s e i t i l i b a i l , s t e s s a , s e s n e p x e , s e u n e v e r S N O I T P M U S S A D N A S E T A M I T S E , S T N E M G D U J G N I T N U O C C A T N A C I F I N G I S . 5 n o i s n e p a r o f n o i t a g i l b o t i f e n e b d e n i f e d e h t f o e u l a v t n e s e r p e h t d n a s t s o c t i f e n e b d e n i f e D d l u o c s e t a m i t s e d n a s n o i t p m u s s a e s e h t t u o b a y t n i a t r e c n u , r e v e w o H . s e i t i l i b a i l t n e g n i t n o c n o i t a u l a v l a i r a u t c a n A . d o h t e m t i d e r c t i n u d e t c e j o r p e h t g n i s u d e n i m r e t e d e r a n a l p t n u o c s i d e h t f o n o i t a n i m r e t e d e h t e d u l c n i h c i h w , s n o i t p m u s s a s u o i r a v g n i k a m s e v l o v n i l a u t c a m o r f r e f f i d y a m d n a , . c t e , e t a r y t i l a t r o m , e t a r e s a e r c n i y r a l a s e r u t u f , e t a r t n e m e g a n a m , e t a r t n u o c s i d e t a i r p o r p p a e h t g n i n i m r e t e d n I . e r u t u f e h t n i s t n e m p o l e v e d y t i r u t a m m o r f d e t a l o p a r t x e s d n o b t n e m n r e v o g e h t f o s e t a r t s e r e t n i e h t s r e d i s n o c e t a r e h t r o f s A . n o i t a g i l b o t i f e n e b d e n i f e d e h t f o n o i t a r u d d e t c e p x e e h t o t g n i d n o p s e r r o c s n o s i r a p m o c , s e c n e i r e p x e t s a p f o t n u o c c a s e k a t t n e m e g a n a m , e s a e r c n i y r a l a s e r u t u f f o o t e u D . e t a r t n u o c s i d e h t d n a n o i t a l f n i , n o i g e r l a c i h p a r g o e g e h t d n a y r t s u d n i e h t n i h t i w t i f e n e b d e n i f e d a , e r u t a n m r e t - g n o l s t i d n a n o i t a u l a v l a i r a u t c a e h t f o y t i x e l p m o c e h t e r a d e s u s n o i t p m u s s a e h T . s n o i t p m u s s a e s e h t n i s e g n a h c o t e v i t i s n e s y l h g i h s i n o i t a g i l b o . ) 3 1 ( 6 e t o N n i d e s o l c s i d r o s t e s s a f o t n u o m a g n i y r r a c e h t o t t n e m t s u j d a l a i r e t a m a e r i u q e r t a h t s e m o c t u o n i t l u s e r . s d o i r e p e r u t u f n i d e t c e f f a s e i t i l i b a i l t a y t n i a t r e c n u g n i t a m i t s e f o s e c r u o s y e k r e h t o d n a e r u t u f e h t g n i n r e c n o c s n o i t p m u s s a y e k e h T g n i y r r a c e h t o t t n e m t s u j d a l a i r e t a m a r o f k s i r t n a c i f i n g i s a e v a h d l u o w t a h t e t a d g n i t r o p e r e h t . w o l e b d e s s u c s i d e r a r a e y l a c s i f t x e n e h t n i h t i w s e i t i l i b a i l r o s t e s s a f o s t n u o m a t n e r a p e h t n e h w e l b a l i a v a n o i t a m r o f n i n o s e t a m i t s e d n a s n o i t p m u s s a s t i s e s a b y n a p m o C e h T s n o i t p m u s s a d n a s e c n a t s m u c r i c g n i t s i x E . d e r a p e r p e r e w s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c s e c n a t s m u c r i c r o s e g n a h c t e k r a m o t e u d e g n a h c y a m , r e v e w o h , s t n e m p o l e v e d e r u t u f t u o b a s n o i t p m u s s a e h t n i d e t c e l f e r e r a s e g n a h c h c u S . y n a p m o C e h t f o l o r t n o c e h t d n o y e b g n i s i r a . r u c c o y e h t n e h w United Microelectronics Corporation | Annual Report 2019 4 3 7 , 4 $ 2 7 8 , 9 3 4 , 0 1 7 4 7 , 1 6 7 , 0 4 7 1 8 , 5 3 1 , 8 8 1 0 2 3 3 7 , 4 $ 2 7 8 , 8 8 6 , 5 8 7 2 , 8 1 9 , 7 3 5 9 , 2 2 9 , 2 5 9 1 0 2 , 1 3 r e b m e c e D f o s A 0 7 1 , 2 4 3 , 9 5 $ 6 3 8 , 4 3 5 , 6 6 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 - 1 6 5 , 3 0 0 7 , 6 2 0 0 9 , 0 8 1 - - 5 2 1 , 0 2 0 0 5 , 4 8 1 5 0 9 , 9 8 0 , 4 $ 3 0 6 , 9 0 9 , 4 $ 6 6 0 , 1 0 3 , 4 $ 8 2 2 , 4 1 1 , 5 $ 2 4 0 , 7 9 4 $ 4 2 0 , 4 0 8 , 3 6 7 4 , 8 6 6 $ 2 5 7 , 5 4 4 , 4 6 6 0 , 1 0 3 , 4 $ 8 2 2 , 4 1 1 , 5 $ s s o L r o t i f o r P h g u o r h t e u l a V r i a F t a s t e s s A l a i c n a n i F ) 2 ( s e t o n e t a r o p r o c d n a s d n o b l a t o T e u l a v r i a f t a d e r u s a e m y l i r o t a d n a m s t e s s a l a i c n a n i F s s o l r o t i f o r p h g u o r h t s k c o t s n o m m o C s k c o t s d e r r e f e r P s d n u F s t c a r t n o c d r a w r o F n o i t p O l a t o T t n e r r u c n o N t n e r r u C l a t o T U S T I J U F n e e w t e b t n e m e e r g a e r u t n e v t n i o j a f o n o i t p o l l a c a d a h y n a p m o C e h T e g n a h c e h t d n a e u l a v r i a f t a d e r u s a e m s a w h c i h w , ) L S F ( D E T I M I L R O T C U D N O C M E S I s r o t c e r i D f o d r a o B e h t , 8 1 0 2 , 9 2 e n u J n O . s s o l r o t i f o r p n i d e d r o c e r s a w e u l a v r i a f e h t n i n o n o i t i s i u q c a e h t d e t e l p m o c d n a , n o i t p o l l a c e h t e s i c r e x e o t d e v l o s e r y n a p m o C e h t f o . 9 1 0 2 , 1 r e b o t c O e h t s i U G C r o t e s s a l a u d i v i d n i n a f o t n u o m a e l b a r e v o c e r e h T . t n u o m a e l b a r e v o c e r s t i o t f o s t s o c s s e l e u l a v r i a f e h T . e s u n i e u l a v s t i d n a l a s o p s i d f o s t s o c s s e l e u l a v r i a f f o r e h g i h d l u o c y t i t n e n a t a h t t n u o m a e h t t c e l f e r o t e l b a l i a v a n o i t a m r o f n i t s e b n o d e s a b s i l a s o p s i d , s t n a p i c i t r a p t e k r a m n e e w t e b n o i t c a s n a r t y l r e d r o n a n i t e s s a e h t f o l a s o p s i d e h t m o r f n i a t b o t n e s e r p t e n e h t t a d e r u s a e m s i e s u n i e u l a v e h T . l a s o p s i d f o s t s o c e h t g n i t c u d e d r e t f a h s a C . U G C r o t e s s a e h t m o r f e v i r e d o t s t c e p x e y t i t n e e h t s w o l f h s a c e r u t u f e h t f o e u l a v d e t a m i t s e e h t e d u l c n i h c i h w s e t a m i t s e d n a s t n e m g d u j e v i t c e j b u s s e v l o v n i n o i t c e j o r p w o l f , s w o l f h s a c e r u t u f s e t a r e n e g t a h t y t i c a p a c , t n e m p i u q e d n a t n a l p , y t r e p o r p f o s e v i l l u f e s u e h t d n a y r t s u d n i e h t n i e l c y c c i m o n o c e f o s n o i t a u t c u l f l a i t n e t o p , t u p t u o l a c i s y h p f o y t i c a p a c . n o i t a u t i s g n i t a r e p o s ’ y n a p m o C x a T e m o c n I ) 5 ( n i s e g n a h c , s n o i t a l u g e r x a t x e l p m o c f o n o i t a t e r p r e t n i e h t o t t c e p s e r h t i w t s i x e s e i t n i a t r e c n U s e h s i l b a t s e y n a p m o C e h T . e m o c n i e l b a x a t e r u t u f f o g n i m i t d n a t n u o m a e h t d n a , s w a l x a t x a t e h t y b s t i d u a f o s e c n e u q e s n o c e l b i s s o p r o f , s e t a m i t s e e l b a n o s a e r n o d e s a b , s n o i s i v o r p e c n e i r e p x e s a h c u s , s r o t c a f s u o i r a v n o d e s a b s i s n o i s i v o r p h c u s f o t n u o m a e h T . y t i r o h t u a e h t y b e d a m s n o i t a l u g e r x a t f o s n o i t a t e r p r e t n i t n e r e f f i d d n a s t i d u a x a t s u o i v e r p f o . y t i r o h t u a x a t e l b i s n o p s e r d n a s t i d e r c x a t , s e s s o l x a t d e s u n u f o d r a w r o f y r r a c l l a r o f d e z i n g o c e r e r a s t e s s a x a t d e r r e f e D t n e m n r e v o g y b d e z i l a r e t a l l o c s t n e m e e r g a e s a h c r u p e R n w o d n e t t i r w s i d n a d e r i a p m i d e r e d i s n o c s i t e s s a e h t , t n u o m a e l b a r e v o c e r s t i s d e e c x e U G C S T N U O C C A T N A C I F I N G I S F O S T N E T N O C . 6 s t n e l a v i u q E h s a C d n a h s a C ) 1 ( s t n u o c c a s g n i v a s d n a g n i k c e h C h s a c y t t e p d n a d n a h n o h s a C s t i s o p e d e m T i r o d e n i l c e d s a h e u l a v s ’ t e s s a e h t t a h t e t a c i d n i s t n e v e r e v e n e h w r o e t a d g n i t r o p e r h c a e t A y n a p m o C e h t , e c a l p n e k a t e v a h t c e f f e e s r e v d a n a h t i w t e k r a m e h t n i s e g n a h c t n a c i f i n g i s e b y a m 6 3 S A I f o e p o c s e h t n i t e s s a n a t a h t n o i t a c i d n i n a s i e r e h t r e h t e h w s e s s e s s a e h t r o f g n i t s e t t n e m r i a p m i s e t e l p m o c y n a p m o C e h t , s t s i x e n o i t a c i d n i y n a f I . d e r i a p m i r o t e s s a n a f o t n u o m a g n i y r r a c e h t e r e h W . g n o l e b s t e s s a l a u d i v i d n i e h t h c i h w o t U G C t n e m p i u q E d n a t n a l P , y t r e p o r P f o t n e m r i a p m I ) 4 ( , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 - ) 6 8 6 , 3 6 6 ( 9 9 5 , 3 8 5 , 3 1 $ 5 9 6 , 3 6 5 , 3 1 $ 9 9 5 , 3 8 5 , 3 1 $ 9 0 0 , 0 0 9 , 2 1 $ e l b a v i e c e r s t n u o c c A e c n a w o l l a s s o l : s s e L t e N e h t h c i h w t s n i a g a s e c n e r e f f i d y r a r o p m e t e l b a x a t t n e i c i f f u s e r a e r e h t r o e l b a l i a v a e b l l i w . d e z i l i t u e b n a c s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d r o s t i d e r c x a t d e s u n u , s e s s o l x a t d e s u n u y l e k i l e h t n o p u d e s a b s i d e z i n g o c e r e b o t d e n i m r e t e d s t e s s a x a t d e r r e f e d f o t n u o m a e h T e s a e l P . s e c n e r e f f i d y r a r o p m e t e l b a x a t d n a s t i f o r p e l b a x a t e r u t u f f o l e v e l e h t d n a g n i m i t . s t e s s a x a t d e r r e f e d d e z i n g o c e r n u n o s l i a t e d e r o m r o f ) 3 2 ( 6 e t o N o t r e f e r 291 t e N , e l b a v i e c e R s t n u o c c A ) 3 ( t i f o r p e l b a x a t e r u t u f t a h t e l b a b o r p s i t i t a h t t n e t x e e h t o t s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d Financial Review 4 7 1 , 1 $ T N h c i h w f o , t s o c g n i t a r e p o n i , y l e v i t c e p s e r , n o i l l i m 6 6 2 , 8 9 $ T N d n a n o i l l i m 2 2 3 , 3 9 $ T N d e z i n g o c e r y n a p m o C e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F . a . s e i r o t n e v n i f o n w o d - e t i r w o t d e t a l e r e r e w n o i l l i m 3 0 5 $ T N d n a n o i l l i m , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 6 2 0 , 4 8 1 4 9 4 , 5 7 1 1 4 6 , 7 4 9 , 0 1 $ 3 0 1 , 3 1 2 , 4 1 $ 7 6 6 , 1 3 1 , 1 1 $ 7 9 5 , 8 8 3 , 4 1 $ s k c o t s n o m m o C s k c o t s d e r r e f e r P s t n e m u r t s n i y t i u q E l a t o T s e s o p r u p m r e t - g n o l o t m u i d e m r o f d l e h e r a s t n e m u r t s n i y t i u q e n i s t n e m t s e v n i e s e h T . a . e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f s a r o f d e t n u o c c a e r a e r o f e r e h t d n a o t n o i t a l e r n i e m o c n i e v i s n e h e r p m o c r e h t o d n a s s o l r o t i f o r p n i d e z i n g o c e r s t n u o m A : w o l e b d e t s i l e r a e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f e h t . b d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 - - 1 9 3 , 9 4 2 $ 7 2 3 , 9 3 3 $ 1 9 3 , 9 4 2 $ 7 2 3 , 9 3 3 $ s s o l r o t i f o r p n i d e z i n g o c e r e m o c n i d n e d i v i D d o i r e p e h t g n i r u d d e z i n g o c e r e D d o i r e p f o d n e t a d l e H l a t o T h g u o r h t e u l a v r i a f t a d e r u s a e m s t n e m t s e v n i t n e m u r t s n i y t i u q e l a i t r a p d e z i n g o c e r e d e h t r o f s t n e m t s e v n i h c u s f o n o i t i n g o c e r e d n o s l i a t e D . e m o c n i e v i s n e h e r p m o c r e h t o d n a d e s o p s i d y n a p m o C e h t , y g e t a r t s t n e m t s e v n i s ’ y n a p m o C e h t f o n o i t a r e d i s n o c n I . c : w o l l o f s a e r a 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d n e s r a e y - $ - $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 4 5 4 , 8 4 3 , 2 $ 9 1 0 2 d e n i a t e r o t d e i f i s s a l c e r ) s e s s o l ( s n i a g e v i t a l u m u C e l a s f o e t a d e h t n o e u l a v r i a F ) 3 0 9 , 1 5 5 ( $ n o i t i n g o c e r e d o t e u d s g n i n r a e t n e r r u C - n o N , e m o c n I e v i s n e h e r p m o C r e h t O h g u o r h t e u l a V r i a F t a s t e s s A l a i c n a n i F ) 5 ( . d e g d e l p e r e w s e i r o t n e v n i d e n o i t n e m e r o f a e h t f o e n o N . b , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 5 8 1 , 7 5 5 , 9 $ 1 5 4 , 1 3 2 0 1 $ , 2 7 6 , 3 3 4 6 0 7 , 1 1 5 2 9 5 , 9 5 3 4 5 6 , 9 4 2 0 9 7 , 1 7 4 , 2 2 2 3 , 9 2 1 2 5 3 , 7 5 7 1 , 3 4 0 , 4 8 7 3 1 , 5 9 4 0 7 , 2 0 6 4 1 4 , 6 2 0 , 4 8 5 5 , 8 6 6 , 2 9 9 5 , 3 8 5 , 3 1 $ 9 0 0 , 0 0 9 2 1 $ , - - $ - $ 8 1 0 2 - $ 6 8 6 , 3 6 6 6 8 6 , 3 6 6 $ 9 1 0 2 d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D : e l b a v i e c e r s t n u o c c a r o f e c n a w o l l a s s o l f o t n e m e v o M l a t o T d e r i a p m i r o n e u d t s a p r e h t i e N : d e r i a p m i t o n t u b e u d t s a P s y a d 0 6 o t 1 3 s y a d 0 9 o t 1 6 s y a d 0 2 1 o t 1 9 s y a d 0 3 ≤ s y a d 1 2 1 ≥ l a t o t b u S d o i r e p e h t r o f e g r a h c t e N e c n a l a b g n i n n i g e B e c n a l a b g n i d n E e r e w s e l a s s a e s r e v o y t r a p d r i h t d n a s e l a s c i t s e m o d y t r a p d r i h t r o f s d o i r e p n o i t c e l l o c e h T . y l e v i t c e p s e r , s y a d 0 6 ~ 0 3 t e n d n a s y a d 0 6 ~ 0 3 d n e - h t n o m t i d e r c d e t c e p x e e r u s a e m o t e t a d g n i t r o p e r h c a e t a d e m r o f r e p s i s i s y l a n a t n e m r i a p m i n A g n i d u l c n i , s y a d 0 6 n i h t i w e u d t s a p e l b a v i e c e r r o F . e l b a v i e c e r s t n u o c c a f o ) s L C E ( s e s s o l e t a r n o i s i v o r p A . s L C E e t a l u c l a c o t e t a r n o i s i v o r p a s e t a m i t s e y n a p m o C e h t , e u d t s a p t o n ’ s r e m o t s u c d n a e c n e i r e p x e s s o l t i d e r c l a c i r o t s i h s ’ y n a p m o C e h t n o d e s a b d e n i m r e t e d s i ’ s r e m o t s u c s a h c u s , s r o t c a f g n i k o o l - d r a w r o f r o f d e t s u j d a , n o i t i d n o c l a i c n a n i f t n e r r u c s e i l p p a y n a p m o C e h t , s y a d 0 6 r e v o e u d t s a p e l b a v i e c e r e h t r o F . t n e m n o r i v n e c i m o n o c e e z i n g o c e r o t r e h t e h w s e s s e s s a y l l a u d i v i d n i o s l a d n a e t a r n o i s i v o r p d e n o i t n e m e r o f a e h t d n a n o i t a u t i s g n i t a r e p o s ’ r e m o t s u c g n i r e d i s n o c y b s e s s o l t i d e r c d e t c e p x e l a n o i t i d d a , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 7 6 2 2 8 1 , , 3 $ 0 2 6 , 4 1 4 4 $ , 0 8 3 6 6 7 , , 1 1 0 2 1 3 1 , , 9 6 8 7 4 3 1 , , 1 9 5 0 , 1 6 0 2 , 3 2 2 , 1 9 7 , 8 0 1 2 , 8 3 0 , 1 4 3 6 4 1 2 , , 5 1 $ 2 1 1 , 5 0 3 6 1 $ , s t r a p e r a p s d n a s e i l p p u S s l a i r e t a m w a R s s e c o r p n i k r o W s d o o g d e h s i n i F l a t o T . y t i l i b a g n i y a p - t b e d t e N , s e i r o t n e v n I ) 4 ( : t e n , e l b a v i e c e r s t n u o c c a f o s i s y l a n a g n i g A 292 United Microelectronics Corporation | Annual Report 2019 n i t n e m t s e v n i s t i r o f s t n u o c c a y n a p m o C e h t , 5 1 0 2 e n u J m o r f g n i n n i g e B y t i l i b a e h t d e n i a t b o y n a p m o C e h t t a h t t c a f e h t n e v i g e t a i c o s s a n a s a Y A D A R A F s t i n o n o i t a t n e s e r p e r h g u o r h t Y A D A R A F r e v o e c n e u l f n i t n a c i f i n g i s e s i c r e x e o t . s r o t c e r i D f o d r a o B s a w . P R O C T N E M T S E V N I S S E N I S U B W E N C M U , 8 1 0 2 , 1 y l u J f o s A . y n a p m o c g n i v i v r u s e h t s i E N U T R O F d n a E N U T R O F h t i w d e g r e m 8 1 5 , 4 $ T N e r e w t n e m t s e v n i f o s t s o c e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A s ’ y n a p m o C e h t g n i t c u d e d r e t f A . y l e v i t c e p s e r , n o i l l i m 8 7 4 , 5 $ T N d n a n o i l l i m f o ) y n a p m o C e h t y b k c o t s y r u s a e r t s a d e t a e r t ( y r a i d i s b u s e h t y b d l e h k c o t s d n a n o i l l i m 8 9 3 , 4 $ T N d e l l a t o t s e u l a v k o o b l a u d i s e r e h t , n o i l l i m 0 2 1 $ T N . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 8 5 3 , 5 $ T N n e e w t e b t n e m e e r g a e r u t n e v t n i o j a f o n o i t p o l l a c e h t d e s i c r e x e y n a p m o C e h T p i h s r e n w o % 1 . 4 8 d e r i u q c a o t ) L S F ( D E T I M I L R O T C U D N O C M E S I I J U F Y P J r o f ) S F I M ( D E T I M I L R O T C U D N O C M E S I U S T I J U F E I M n i t s e r e t n i f o % 9 . 5 1 d l e h y l s u o i v e r p y n a p m o C e h T . 9 1 0 2 , 1 r e b o t c O n o n o i l l i b 4 . 4 5 e h t f o y r a i d i s b u s d e n w o - y l l o h w a e m a c e b S F I M . S F I M n i t s e r e t n i p i h s r e n w o , . O C N A P A J R O T C U D N O C M E S I D E T I N U s a d e m a n e r s a w d n a y n a p m o C t e n e h t e h t f o e u l a v r i a f e h T . n o i t i s i u q c a e h t f o n o i t e l p m o c n o p u ) C J S U ( . D T L f o s s e c x e n i s a w d e m u s s a s e i t i l i b a i l d n a d e r i u q c a s t e s s a e l b a i f i t n e d i t s e r e t n i p i h s r e n w o d l e h y l s u o i v e r p e h t d n a d e r r e f s n a r t n o i t a r e d i s n o c e t a g e r g g a s a d e z i n g o c e r s a w e c n e r e f f i d e h t d n a , e t a d n o i t i s i u q c a e h t t a C J S U n i % 9 . 5 1 f o d e t l u s e r n i a g e s a h c r u p n i a g r a b e h t f o n o i t i n g o c e R . n i a g e s a h c r u p n i a g r a b s a w h c i h w C J S U n i % 9 . 5 1 f o t s e r e t n i p i h s r e n w o d l e h y l s u o i v e r p e h t m o r f t n u o c s i d t s e r e t n i y t i r o n i m f o n o i t a r e d i s n o c e h t h t i w e u l a v r i a f t a d e r u s a e m e r : A e t o N : B e t o N : C e t o N : D e t o N h c i h w r o f d o h t e m y t i u q e e h t g n i s u r o f d e t n u o c c a s t n e m t s e v n i f o t n u o m a g n i y r r a c e h T 7 7 4 , 1 $ T N d n a n o i l l i m 0 7 4 , 1 $ T N o t d e t n u o m a s n o i t a t o u q e c i r p d e h s i l b u p e r a e r e h t e s e h t f o e u l a v r i a f e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a , n o i l l i m 9 1 0 2 , 1 3 r e b m e c e D f o s a , n o i l l i m 8 4 4 , 1 $ T N d n a n o i l l i m 8 2 9 , 1 $ T N e r e w s t n e m t s e v n i . y l e v i t c e p s e r , 8 1 0 2 d n a r e h t o y b d e t i d u a e r e w d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i n i a t r e C d n a s e t a i c o s s a , s e i r a i d i s b u s e s e h t f o s s o l r o t i f o r p f o s e r a h S . s t n a t n u o c c a t n e d n e p e d n i d e d n e s r a e y e h t r o f n o i l l i m ) 9 4 7 ( $ T N d n a n o i l l i m 4 7 1 , 1 $ T N o t d e t n u o m a s e r u t n e v t n i o j e m o c n i e v i s n e h e r p m o c r e h t o f o e r a h S . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D n o i l l i m 9 8 1 , 1 $ T N o t d e t n u o m a s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s e s e h t f o ) s s o l ( . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f n o i l l i m ) 0 3 2 ( $ T N d n a 2 3 1 , 1 1 $ T N e r e w d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i f o s e c n a l a b e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 1 5 1 , 8 $ T N d n a n o i l l i m e r e w d o h t e m y t i u q e e h t g n i s u r o f d e t n u o c c a s t n e m t s e v n i d e n o i t n e m e r o f a e h t f o e n o N . d e g d e l p . e t a d n o i t i s i u q c a e h t t a y l e t a i d e m m i . ) 4 ( 9 e t o N o t r e f e r e s a e l P : E e t o N f o e g a t n e c r e P r o p i h s r e n w o f o e g a t n e c r e P r o p i h s r e n w o , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 s t h g i r g n i t o v t n u o m A s t h g i r g n i t o v t n u o m A s e i n a p m o c e e t s e v n I : s w o l l o f s a e r a d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i f o s l i a t e D . a d o h t e M y t i u q E e h t r e d n U r o F d e t n u o c c A s t n e m t s e v n I ) 6 ( 8 7 3 1 . 7 6 1 , 7 7 4 1 $ , 8 7 . 3 1 9 9 4 , 0 7 4 , 1 $ ) A e t o N ( ) Y A D A R A F ( P. R O C Y G O L O N H C E T Y A D A R A F s e t a i c o s s a n i s t n e m t s e v n I y n a p m o c d e t s i L . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 - - 4 7 7 7 . 5 7 7 4 . 4 4 5 4 . 0 0 2 4 . 0 0 0 4 . 9 4 6 3 . 7 8 0 3 . , 8 8 3 2 1 7 1 , 2 3 5 2 4 1 , 7 8 1 , 6 9 4 3 , , 6 2 7 0 5 1 7 1 , 5 7 6 , 6 4 2 4 , 8 0 9 2 4 , 8 6 0 , 8 5 3 5 , 7 8 1 5 4 , 8 8 6 0 2 , 2 1 5 , 2 7 5 1 0 9 , 0 2 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 3 6 3 , 0 9 0 3 2 , . 0 0 0 0 1 - 4 5 8 , 5 7 2 8 5 9 3 5 , . 0 0 0 0 1 3 8 9 7 . 5 7 . 7 4 8 7 3 , 2 4 1 3 3 0 , 5 5 7 , 1 9 4 0 , 6 5 7 , 3 3 5 9 , 3 4 6 , 1 1 2 1 9 , 3 7 2 , 4 2 2 0 , 2 4 V. B . I ) E P O R U E ( S C N O R T C E L E O R C M D E T I N U I D E T I M I L ) A O M A S ( T N E M T S E V N I C M U D E T I M I L H T R A E N E E R G . D T L , . O C L A T I P A C C L T . P R O C L A T I P A C C M U s e i r a i d i s b u s n i s t n e m t s e v n I ) A S U ( P U O R G C M U s e i n a p m o c d e t s i l n U 1 3 3 , 8 9 3 , 4 ) E N U T R O F ( . P R O C L A T I P A C E R U T N E V E N U T R O F 6 1 1 , 5 9 9 9 4 , 0 2 2 0 7 , 0 9 5 0 4 8 , 1 2 1 - 5 3 0 , 0 6 2 5 0 0 , 3 8 1 , 3 2 3 3 2 , 5 1 5 , 7 1 ) D e t o N ( D E T I M I L L A N O I T A N R E T N I E T I L E T S E B D E T I M I L L A B O L G I N M O D E T I M I L N O G A R A P O N I S . D T L , . O C A E R O K C M U N A P A J P U O R G C M U ) C , B e t o N ( . D T L , . O C N A P A J R O T C U D N O C M E S D E T I N U I I N O I T A R O P R O C S C N O R T C E L E O R C M K E T E V A W I . P R O C Y G O L O N H C E T R E W O P X E N 6 2 0 3 , 5 0 0 , 8 6 5 5 7 5 , 0 2 5 1 , 0 3 4 , 9 1 4 3 , 3 4 5 , 2 4 6 2 , 9 7 5 , 3 5 1 8 , , 6 8 5 6 4 7 8 6 $ , 4 4 . 5 4 0 0 . 2 4 0 0 . 0 4 9 4 . 6 3 7 8 . 0 3 7 5 1 , 8 1 0 6 6 , 2 4 6 1 3 6 , 1 8 2 , 2 3 9 1 , 8 7 3 , 4 4 3 9 , 9 2 8 , 3 5 7 5 , 0 5 1 , 1 1 9 0 5 , 6 0 5 , 0 8 $ 0 4 8 , 5 1 1 , 9 5 5 3 4 , 5 8 8 , 7 6 3 9 8 , 6 8 7 2 , - 7 2 3 , 7 8 . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I ) E e t o N ( l a t o t b u S . D T L . I E T P S G N D L O H C I T M . C N I L A T I P A C H C E T I N U s e t a i c o s s a n i s t n e m t s e v n I N O I T A R O P R O C L A T I P A C T H G N K R T I I . D T L . D T L , . O C T N E M T S E V N I , . O C T N E M T S E V N I H E I H C N U S H N A U Y N N A Y l a t o t b u S l a t o T 293 Financial Review n i n o i t c u r t s n o C d n a s s e r g o r p t n e m p i u q e g n i t i a w a e r u t i n r u F n o i t a t r o p s n a r T y r e n i h c a M l a t o T n o i t c e p s n i s e r u t x i f d n a t n e m p i u q e t n e m p i u q e d n a s g n i d l i u B d n a L 4 5 2 , 1 7 9 , 6 8 6 $ - $ 9 3 4 , 1 1 4 , 4 $ 6 4 9 , 2 3 $ 6 4 7 , 3 9 1 , 7 6 6 $ 3 2 1 , 3 3 3 , 5 1 $ - $ 9 1 0 2 , 1 y r a u n a J f o s A 8 0 5 , 3 0 2 , 1 3 ) 2 1 5 , 7 7 5 , 2 ( 5 8 2 , 7 6 ) 9 7 9 , 1 4 8 , 2 ( - - - - 5 1 2 , 9 4 3 0 2 3 , 4 3 9 9 , 8 5 8 , 9 2 0 8 9 , 0 9 9 ) 3 0 7 , 2 1 ( ) 7 2 3 , 2 ( ) 8 5 8 , 7 5 5 , 2 ( ) 4 2 6 , 4 ( ) 0 1 ( ) 4 4 8 , 6 ( - 5 2 5 9 2 , 7 6 - ) 6 8 5 , 5 0 8 , 2 ( ) 4 7 5 , 9 2 ( - - - - s n o i t a c i f i s s a l c e r d n a s r e f s n a r T t c e f f e e g n a h c x E n o i t a i c e r p e D s l a s o p s i D 6 5 5 , 2 2 8 , 2 1 7 $ - $ 7 9 0 , 1 4 7 , 4 $ 4 6 9 , 4 3 $ 0 9 5 , 6 5 7 , 1 9 6 $ 5 0 9 , 9 8 2 , 6 1 $ - $ 9 1 0 2 , 1 3 r e b m e c e D f o s A 9 9 6 , 2 1 5 , 7 7 $ 0 9 1 , 3 5 3 , 3 $ 0 9 6 , 3 5 9 $ 6 9 0 , 3 1 $ 9 3 4 , 5 3 0 , 3 6 $ 7 9 7 , 5 9 2 , 9 $ 7 8 4 , 1 6 8 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A : t n u o m a g n i y r r a c t e N e r u t i n r u F y r e n i h c a M l a t o T s e r u t x i f d n a t n e m p i u q e d n a s g n i d l i u B d n a L 3 8 5 , 6 2 1 , 4 $ 0 6 2 , 0 5 1 , 1 $ 5 8 2 , 7 0 2 $ 3 2 1 , 6 1 3 , 2 $ 5 1 9 , 2 5 4 $ 9 1 0 2 , 1 y r a u n a J f o s A ) 0 4 9 ( ) 9 5 6 , 8 7 ( ) 3 7 1 , 5 ( ) 7 1 3 ( ) 8 0 9 ( 3 1 2 , 3 - - ) 2 7 8 , 1 8 ( - ) 3 2 6 ( ) 5 6 2 , 4 ( - - - s n o i t a c i f i s s a l c e r d n a s r e f s n a r T t c e f f e e g n a h c x E s l a s o p s i D 1 1 8 , 1 4 0 , 4 $ 8 4 2 , 2 5 1 , 1 $ 3 1 4 , 5 2 1 $ 5 3 2 , 1 1 3 , 2 $ 5 1 9 , 2 5 4 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A : ) e t o N ( s e s a e L g n i t a r e p O o t t c e j b u S s t e s s A . b : t s o C a s i e t a i c o s s a n a n e h W . y n a p m o C e h t r o f e t a i c o s s a t n a c i f i n g i s y l l a u d i v i d n i o n s i e r e h T e h t m o r f t n e r e f f i d s i y t i t n e n g i e r o f e h t f o y c n e r r u c l a n o i t c n u f e h t d n a , n o i t a r e p o n g i e r o f e b l l i w y t i t n e n g i e r o f e h t f o n o i t a l s n a r t m o r f g n i s i r a e c n e r e f f i d e g n a h c x e n a , y n a p m o C s e c n e r e f f i d e g n a h c x e h c u S . ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r e h t r o f s t n e m e t a t s l a i c n a n i f e h t n i ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r , n o i l l i m 7 2 $ T N d n a n o i l l i m ) 9 1 ( $ T N e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y . e l b a t g n i w o l l o f e h t n i d e d u l c n i t o n e r e w h c i h w , y l e v i t c e p s e r r o f d e t n u o c c a e r a t a h t s e t a i c o s s a s t i f o e r a h s s ’ y n a p m o C e h t f o t n u o m a e t a g e r g g a e h T : s w o l l o f s a s a w d o h t e m y t i u q e e h t g n i s u ) 9 5 0 , 2 7 4 ( ) 8 2 1 , 7 1 6 ( $ ) 7 8 1 , 9 8 0 , 1 ( $ 8 1 0 2 0 8 4 , 4 6 2 , 1 0 7 5 , 4 3 1 1 $ , 0 5 0 , 9 9 3 2 $ , 9 1 0 2 d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D s n o i t a r e p o g n i u n i t n o c m o r f ) s s o l ( e m o c n I ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t O ) s s o l ( e m o c n i e v i s n e h e r p m o c l a t o T r e h t o n A . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a k c o t s s ’ y n a p m o C e h t f o s e r a h s n o i l l i m 2 7 1 d n a s e r a h s n o i l l i m 0 0 2 d l e h , . D T L , . O C T N E M T S E V N I N A U Y N N A Y , e t a i c o s s a 1 4 4 d l e h , . D T L , . O C T N E M T S E V N I H E I H C N U S H , s e t a i c o s s a s ’ y n a p m o C e h t f o e n O . c . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a k c o t s s ’ y n a p m o C e h t f o s e r a h s n o i l l i m t n e m p i u q E d n a t n a l P , y t r e p o r P ) 7 ( 9 1 0 2 : t n e m r i a p m I d n a n o i t a i c e r p e D d e t a l u m u c c A : ) e t o N ( y n a p m o C e h t y b d e s U s t e s s A . a : t n e m r i a p m I d n a n o i t a i c e r p e D d e t a l u m u c c A : s e t a i c o s s a f o n o i t a m r o f n i l a i c n a n i F . b 294 . 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T : e t o N 6 4 7 , 3 7 9 , 1 $ 4 3 3 , 5 1 1 $ - $ 7 9 4 , 5 0 4 , 1 $ 5 1 9 , 2 5 4 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A ) 4 4 4 3 2 8 , , 2 ( ) 7 5 4 , 7 6 ( ) 6 7 7 , 2 1 ( ) 7 2 3 , 2 ( ) 7 4 2 , 6 3 7 , 2 ( ) 7 3 6 , 4 ( : t n u o m a g n i y r r a c t e N 0 0 5 , 7 5 5 , 9 0 0 5 , 7 5 5 , 9 - - - - 5 6 0 , 8 6 0 , 2 $ 4 1 9 , 6 3 0 , 1 $ 3 1 4 , 5 2 1 $ 8 3 7 , 5 0 9 $ - $ 9 1 0 2 , 1 3 r e b m e c e D f o s A 1 1 2 , , 4 6 9 5 8 7 $ 9 1 8 , 2 7 2 4 $ , 4 3 9 , 3 0 5 5 $ , 6 0 9 , 6 4 $ 3 5 8 , 6 6 6 , 9 4 7 $ 2 1 2 , 2 1 6 , 5 2 $ 7 8 4 , 1 6 8 $ 9 1 0 2 , 1 y r a u n a J f o s A 9 7 0 , 8 5 7 ) 4 0 2 , 8 8 3 , 0 1 ( 4 8 2 , 1 1 2 7 5 5 , 3 5 6 8 , 0 0 9 , 0 1 7 7 5 , 0 3 ) 1 9 0 1 2 1 , , 3 ( ) 8 6 4 , 1 2 ( ) 5 5 6 , 7 ( ) 6 7 ( ) 2 4 4 , 9 3 0 , 3 ( ) 0 5 4 , 2 5 ( 5 5 2 , 5 3 3 , 0 9 7 $ 0 9 1 , 3 5 3 3 $ , 7 8 7 , 4 9 6 5 $ , 0 6 0 , 8 4 $ 9 2 0 , 2 9 7 , 4 5 7 $ 2 0 7 , 5 8 5 , 5 2 $ 7 8 4 , 1 6 8 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A - - - - s n o i t a c i f i s s a l c e r d n a s r e f s n a r T t c e f f e e g n a h c x E s n o i t i d d A s l a s o p s i D s n o i t a c i f i s s a l c e r d n a s r e f s n a r T g n i t i a w a e r u t i n r u F n o i t a t r o p s n a r T y r e n i h c a M t c e f f e e g n a h c x E l a t o T n o i t c e p s n i s e r u t x i f d n a t n e m p i u q e t n e m p i u q e d n a s g n i d l i u B d n a L e r u t i n r u F y r e n i h c a M l a t o T s e r u t x i f d n a t n e m p i u q e d n a s g n i d l i u B d n a L 3 1 8 , 3 0 0 , 2 $ 6 1 9 , 5 9 9 $ 1 8 8 , 8 8 1 $ 6 1 0 , 9 1 8 $ - $ 9 1 0 2 , 1 y r a u n a J f o s A ) 1 5 6 ( ) 5 8 2 , 7 6 ( ) 9 7 2 , 3 ( ) 7 1 3 ( 0 1 ) 0 5 8 ( 7 6 4 , 5 3 1 5 5 1 , 2 4 - 7 2 8 , 3 - ) 5 9 2 , 7 6 ( 5 8 4 , 9 8 - ) 4 3 3 ( ) 9 2 4 , 2 ( - - - - n o i t a i c e r p e D s l a s o p s i D n i n o i t c u r t s n o C d n a s s e r g o r p t n e m p i u q e : t s o C United Microelectronics Corporation | Annual Report 2019 f o s A 8 0 9 , 5 0 9 , 2 $ 9 1 0 2 , 1 3 r e b m e c e D 9 0 5 , 9 0 5 4 , 7 5 2 9 , 4 2 7 0 2 , 4 1 3 9 9 9 , 1 6 2 , 3 $ t n e m p i u q e d n a y r e n i h c a M t n e m p i u q e n o i t a t r o p s n a r T t n e m p i u q e r e h t O t e N s g n i d l i u B d n a L e e s s e l a s a y n a p m o C e h T . a s t e s s A e s u - f o - t h g i R ) a ( n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T : e t o N . 6 1 S R F I n i n o i s i v o r p 8 0 3 , 8 5 8 3 , 9 1 7 0 9 , 4 3 9 1 , 2 8 9 1 , 7 5 2 $ 9 1 0 2 1 9 9 , 1 9 2 $ r a e y e h t r o F d e d n e , 1 3 r e b m e c e D t n e m p i u q e d n a y r e n i h c a M t n e m p i u q e n o i t a t r o p s n a r T t n e m p i u q e r e h t O l a t o T n o i t a i c e r p e D s g n i d l i u B d n a L e s u - f o - t h g i r o t n o i t i d d a s ’ y n a p m o C e h t , 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F . i . l a r e t a l l o c s a d e g d e l p t o n e r e w s t e s s a e s u - f o - t h g i R . i i . n o i l l i m 4 0 2 $ T N o t d e t n u o m a s t e s s a f o s A , 1 3 r e b m e c e D 8 8 7 , 8 4 2 $ 4 1 3 , 8 8 9 , 2 2 0 1 , 7 3 2 , 3 $ 9 1 0 2 s e i t i l i b a i L e s a e L ) b ( t n e r r u c n o N t n e r r u C l a t o T n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T : e t o N . 6 1 S R F I n i n o i s i v o r p . s e i t i l i b a i l e s a e l e h t n o s e s n e p x e t s e r e t n i e h t r o f ) 1 2 ( 6 e t o N o t r e f e r e s a e l P n i n o i t c u r t s n o C d n a s s e r g o r p t n e m p i u q e g n i t i a w a d n a e r u t i n r u F n o i t a t r o p s n a r T d n a y r e n i h c a M l a t o T n o i t c e p s n i s e r u t x i f t n e m p i u q e t n e m p i u q e s g n i d l i u B d n a L 8 1 0 2 : t s o C 6 9 3 , 2 6 9 , 7 7 7 $ 2 9 8 , 0 2 1 , 5 $ 6 4 3 , 1 7 3 6 $ , 3 2 4 , 8 4 $ 5 8 1 , 2 4 4 , 7 3 7 $ 8 4 1 , 5 6 6 , 7 2 $ 2 0 4 , 4 1 3 , 1 $ 8 1 0 2 , 1 y r a u n a J f o s A 1 6 1 , 1 6 8 , 9 1 6 1 , 1 6 8 , 9 - - - - ) 1 6 1 4 0 7 , , 2 ( - ) 5 2 6 , 7 ( ) 5 1 5 , 7 ( ) 3 4 1 , 4 2 6 , 2 ( ) 8 7 8 , 4 6 ( 1 2 0 , 4 6 5 ) 3 5 6 3 1 7 , , 0 1 ( 7 0 1 , 8 7 2 7 7 3 , 7 0 4 , 4 9 1 4 , 4 6 6 3 , 2 1 1 1 3 7 8 6 , 5 2 8 5 , 9 4 7 , 0 1 8 9 2 , 4 4 2 4 1 5 , 6 0 3 , 4 7 6 7 , 3 8 - - - - s n o i t a c i f i s s a l c e r d n a s r e f s n a r T t c e f f e e g n a h c x E s n o i t i d d A s l a s o p s i D 4 9 7 , 0 9 0 , 0 9 7 $ 9 1 8 , 2 7 2 , 4 $ 4 9 1 , 4 5 6 6 $ , 6 0 9 , 6 4 $ 8 3 1 , 4 7 8 , 9 4 7 $ 5 3 3 , 8 2 9 , 7 2 $ 2 0 4 , 4 1 3 , 1 $ 8 1 0 2 , 1 3 r e b m e c e D f o s A : t n e m r i a p m I d n a n o i t a i c e r p e D d e t a l u m u c c A n i n o i t c u r t s n o C d n a s s e r g o r p t n e m p i u q e g n i t i a w a d n a e r u t i n r u F n o i t a t r o p s n a r T d n a y r e n i h c a M l a t o T n o i t c e p s n i s e r u t x i f t n e m p i u q e t n e m p i u q e s g n i d l i u B d n a L 2 2 4 , 0 6 8 , 0 5 6 $ - $ 2 1 4 , 4 3 0 5 $ , 2 1 6 , 6 3 $ 4 9 2 , 5 0 8 , 0 3 6 $ 4 0 1 , 4 8 9 , 4 1 $ - $ 8 1 0 2 , 1 y r a u n a J f o s A 3 6 9 , 4 3 6 6 3 , ) 5 5 3 3 1 4 , , 2 ( 7 3 0 , 3 9 8 , 3 - - - ) 8 9 5 , 7 ( 5 4 2 , 0 1 ) 3 9 1 , 7 ( ) 2 5 7 , 0 4 3 , 2 ( ) 2 1 8 , 7 5 ( 9 1 3 2 3 2 , 1 4 8 , 3 1 4 2 , 1 4 6 9 2 , 0 7 3 8 0 2 , 3 3 5 8 , 6 7 0 , 5 3 6 0 6 , 4 8 1 , 1 - - - n o i t a i c e r p e D s l a s o p s i D t c e f f e e g n a h c x E 7 6 0 , 5 7 9 , 8 8 6 $ - $ 5 5 3 , 7 0 4 5 $ , 6 4 9 , 2 3 $ 7 2 6 , 2 8 3 , 7 6 6 $ 9 3 1 , 2 5 1 , 6 1 $ - $ 8 1 0 2 , 1 3 r e b m e c e D f o s A 7 2 7 , , 5 1 1 1 0 1 $ 9 1 8 , 2 7 2 4 $ , 9 3 8 , 6 4 2 1 $ , . l a r e t a l l o c s a d e g d e l p t o n e r e w t n e m p i u q e d n a t n a l p , y t r e p o r P 0 6 9 , 3 1 $ 1 1 5 , 1 9 4 , 2 8 $ 6 9 1 , 6 7 7 , 1 1 $ 2 0 4 , 4 1 3 , 1 $ 8 1 0 2 , 1 3 r e b m e c e D f o s A : t n u o m a g n i y r r a c t e N s e s a e L ) 8 ( d n a y r e n i h c a m , s g n i d l i u b , d n a l s a h c u s , s e i t r e p o r p s u o i r a v s e s a e l y n a p m o C e h T 0 3 o t 2 f o s m r e t e s a e l h t i w t n e m p i u q e r e h t o d n a t n e m p i u q e n o i t a t r o p s n a r t , t n e m p i u q e e b l l i w s t n e m y a p e s a e l t a h t e t a t s . C O R . n i d e t a c o l d n a l f o s t c a r t n o c e s a e l t s o M . s r a e y e s a h c r u p e v a h t o n s e o d y n a p m o C e h T . e u l a v d n a l d e c n u o n n a e h t n o d e s a b d e t s u j d a . s m r e t e s a e l e h t f o d n e e h t t a d n a l d e s a e l f o s n o i t p o 295 Financial Review d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 5 9 , 7 5 6 $ 3 7 0 , 6 2 1 , 1 $ 8 1 0 2 5 1 3 , 4 6 6 $ 3 6 9 , 9 5 1 , 1 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 0 5 6 , 4 8 3 , 1 $ 0 5 8 , 5 5 3 , 1 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 l a t o T s r e h t O d n a s t n e t a P y g o l o n h c e t s e e f e s n e c i l e r a w t f o S 1 2 1 , 8 1 8 , 8 $ 6 0 6 , 5 6 5 , 3 $ 9 9 1 , 1 2 5 , 4 $ 6 1 3 , 1 3 7 $ 8 1 0 2 , 1 y r a u n a J f o s A 5 4 1 , 5 3 3 6 5 , 9 6 3 - - 1 3 5 , 6 2 8 3 5 2 , 2 1 6 ) 5 3 9 , 1 8 5 , 1 ( ) 1 4 8 , 7 8 9 ( 8 7 2 , 4 1 2 ) 8 1 4 , 9 7 1 ( - 7 7 0 , 3 3 - 8 6 0 , 2 ) 6 7 6 , 4 1 4 ( 3 6 5 , 9 6 3 s n o i t a c i f i s s a l c e R t c e f f e e g n a h c x E s n o i t i d d A s l a s o p s i D 5 2 4 , 7 6 4 , 8 $ 8 1 0 , 0 9 1 , 3 $ 6 3 1 , 9 8 5 , 4 $ 1 7 2 , 8 8 6 $ 8 1 0 2 , 1 3 r e b m e c e D f o s A : t n e m r i a p m I d n a n o i t a z i t r o m A d e t a l u m u c c A 8 7 8 , 0 2 - ) 5 3 9 , 1 8 5 , 1 ( ) 1 4 8 , 7 8 9 ( 1 3 0 , 4 8 7 , 1 2 8 8 , 6 8 0 , 1 2 9 2 , 8 5 3 , 5 $ 8 5 5 , 6 0 3 , 2 $ l a t o T s r e h t O d n a s t n e t a P y g o l o n h c e t s e e f e s n e c i l 7 0 2 , 8 4 5 , 2 $ 1 0 8 , 9 4 4 ) 8 1 4 , 9 7 1 ( 8 6 4 , 9 1 8 4 3 , 7 4 2 7 2 5 , 3 0 5 $ ) 6 7 6 , 4 1 4 ( 0 1 4 , 1 e r a w t f o S 6 6 2 , 1 8 5 , 5 $ 9 9 5 , 5 0 4 , 2 $ 8 5 0 , 8 3 8 , 2 $ 9 0 6 , 7 3 3 $ 9 5 1 , 6 8 8 , 2 $ 9 1 4 , 4 8 7 $ 8 7 0 , 1 5 7 , 1 $ 2 6 6 , 0 5 3 $ 8 1 0 2 , 1 y r a u n a J f o s A t c e f f e e g n a h c x E n o i t a z i t r o m A s l a s o p s i D 8 1 0 2 , 1 3 r e b m e c e D f o s A 8 1 0 2 , 1 3 r e b m e c e D f o s A : t n u o m a g n i y r r a c t e N : s w o l l o f s a e r a s t e s s a e l b i g n a t n i f o s t n u o m a n o i t a z i t r o m a e h T 8 1 0 2 : t s o C s e s n e p x e g n i t a r e p O s t s o c g n i t a r e p O s n a o L m r e T - t r o h S ) 0 1 ( l a t o T s r e h t O s e e f e s n e c i l e r a w t f o S d n a s t n e t a P y g o l o n h c e t e r a h c i h w t n e m p i u q e d n a t n a l p , y t r e p o r p n i a t r e c n o s e s a e l o t n i d e r e t n e y n a p m o C e h T d n a s k s i r e h t f o l l a y l l a i t n a t s b u s r e f s n a r t t o n d i d y e h t s a s e s a e l g n i t a r e p o s a d e i f i s s a l c o t e r a s t c a r t n o c n i a m e h T . s t e s s a g n i y l r e d n u e h t f o p i h s r e n w o o t l a t n e d i c n i s d r a w e r e t o N o t r e f e r e s a e l P . s e s u a l c n o i t a l l e c n a c h t i w s e e y o l p m e e h t o t y r o t i m r o d e h t e s a e l r e d n u s e s a e l g n i t a r e p o r o f t n e m p i u q e d n a t n a l p , y t r e p o r p f o e r u s o l c s i d t n a v e l e r r o f ) 7 ( 6 r o s s e l a s a y n a p m o C e h T . b 296 . 6 1 S R F I s t e s s A e l b i g n a t n I ) 9 ( 9 1 0 2 : t s o C d n a s t n e t a P y g o l o n h c e t l a t o T s r e h t O s e e f e s n e c i l e r a w t f o S 5 2 4 , 7 6 4 8 $ , 8 1 0 , 0 9 1 , 3 $ 6 3 1 , 9 8 5 , 4 $ 1 7 2 , 8 8 6 $ 9 1 0 2 , 1 y r a u n a J f o s A 0 1 2 , 6 3 ) 6 1 7 , 9 1 ( 5 3 5 , 7 6 6 , 9 $ - - ) 7 4 7 , 8 1 ( ) 9 6 9 ( - 0 1 2 , 6 3 ) 2 0 8 , 0 1 8 , 1 ( ) 5 1 8 , 8 3 6 ( ) 8 2 1 , 3 5 9 ( ) 9 5 8 , 8 1 2 ( 8 1 4 , 4 9 9 , 2 9 7 6 , 1 5 8 5 1 9 , 6 0 8 4 2 8 , 5 3 3 , 1 s n o i t a c i f i s s a l c e R t c e f f e e g n a h c x E s n o i t i d d A s l a s o p s i D , 2 8 8 2 0 4 3 $ , , 6 7 1 4 2 4 , 4 $ 7 7 4 , 0 4 8 , 1 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A : t n e m r i a p m I d n a n o i t a z i t r o m A d e t a l u m u c c A d n a n o i l l i m 3 6 0 , 3 3 $ T N o t d e t n u o m a t i d e r c f o s e n i l m r e t - t r o h s d e s u n u s ’ y n a p m o C e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 8 7 5 , 4 3 $ T N 6 2 8 , 2 8 0 , 4 $ , 8 6 7 6 8 7 $ 4 8 5 , 8 3 0 , 2 $ 4 7 4 , 7 5 2 , 1 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A : t n u o m a g n i y r r a c t e N % 5 8 . 2 ~ % 6 5 . 1 % 9 8 . 2 ~ % 6 9 . 1 d e i l p p a s e t a r t s e r e t n I 9 0 7 , 4 8 5 5 $ , 4 1 1 , 6 1 6 , 2 $ 2 9 5 , 5 8 3 , 2 $ 3 0 0 , 3 8 5 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A s n a o l k n a b d e r u c e s n U 6 6 2 , 1 8 5 5 $ , 9 9 5 , 5 0 4 , 2 $ 8 5 0 , 8 3 8 , 2 $ 9 0 6 , 7 3 3 $ 9 1 0 2 , 1 y r a u n a J f o s A ) 3 3 0 , 0 1 ( - ) 8 5 3 , 9 ( ) 5 7 6 ( 8 7 2 , 4 2 8 , 1 0 3 3 , 9 4 8 0 2 0 , 0 1 5 8 2 9 , 4 6 4 ) 2 0 8 , 0 1 8 , 1 ( ) 5 1 8 , 8 3 6 ( ) 8 2 1 , 3 5 9 ( ) 9 5 8 , 8 1 2 ( t c e f f e e g n a h c x E n o i t a z i t r o m A s l a s o p s i D United Microelectronics Corporation | Annual Report 2019 n o p u o c o r e z d e k n i l y c n e r r u c d e t s i l T S - X G S d e u s s i y n a p m o C e h t , 5 1 0 2 , 8 1 y a M n O : s w o l l o f s a e r e w s d n o b e h t f o s n o i t i d n o c d n a s m r e t e h T . s d n o b e l b i t r e v n o c . b h t i w s d n o b e h t f o t n u o m a l a p i c n i r p e h t t a , e t a d y t i r u t a m e h t o t r o i r p d n a e c n a u s s i n o i t p m e d e R y l r a E e h t ( m u n n a r e p % 5 2 . 0 - f o e t a r e h t t a d e t a l u c l a c t s e r e t n i n a e h t n o y n a p m o C e h t f o s e r a h s y r a n i d r o e h t f o e c i r p g n i s o l c e h t f i ) t n u o m A h c i h w f o t s a l e h t , s y a d g n i d a r t e v i t u c e s n o c 0 3 f o t u o 0 2 f o d o i r e p a r o f , E S W T h c u s f o e c i t o n h c i h w n o p u e t a d e h t o t r o i r p s y a d 5 n a h t e r o m t o n s r u c c o y l r a E e h T . e c i r p n o i s r e v n o c e h t f o % 5 2 1 t s a e l t a s i , d e h s i l b u p s i n o i t p m e d e r e g n a h c x E d e x i F e h t n o d e s a b D T N o t n i d e t r e v n o c e b l l i w e c i r P n o i t p m e d e R d e t r e v n o c e b l l i w t n u o m a D T N d e x i f s i h t d n a , ) 0 0 . 1 D S U = 8 0 7 . 0 3 D T N ( e t a R . D S U n i t n e m y a p r o f n o i t p m e d e r f o e m i t e h t t a e t a r g n i l i a v e r p e h t g n i s u e h t f o s r a e y 3 r e t f a , t r a p n i r o e l o h w n i , s d n o b e h t m e e d e r y a m y n a p m o C e h T ) i ( y d a e r l a s a h s d n o b e h t f o t n u o m a l a p i c n i r p n i % 0 9 t s a e l t a f i t n u o m A n o i t p m e d e R y l r a E e h t t a , t r a p n i t o n t u b , e l o h w n i , s d n o b e h t m e e d e r y a m y n a p m o C e h T ) i i ( y l r a E e h t t a , s d n o b e h t f o , t r a p t o n t u b , l l a m e e d e r y a m y n a p m o C e h T ) i i i ( . d e l l e c n a c d n a d e s a h c r u p e r r o d e m e e d e r , d e t r e v n o c n e e b : n o i t p m e d e R ) e t a d y t i r u t a M ( 0 2 0 2 , 8 1 y a M ~ 5 1 0 2 , 8 1 y a M : d o i r e P n o i l l i m 0 0 6 $ S U : t n u o m A e u s s I . i . i i . i i i s ’ . f o . . C O R e h t n i s e g n a h c n i a t r e c f o t n e v e e h t n i , e m i t y n a t a t n u o m A n o i t p m e d e R s t n e m y a p r o f p u s s o r g o t y n a p m o C e h t e r i u q e r d l u o w h c i h w s e l u r x a t . m u i m e r p r o t s e r e t n i f o s t n e m y a p r o f p u s s o r g o t r o , l a p i c n i r p , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 0 0 0 0 0 7 , , 3 2 $ 0 0 0 , , 0 0 2 1 2 $ 2 3 3 , 6 9 1 , 8 1 3 9 2 , 9 2 7 , 7 1 , ) 0 5 1 8 1 5 ( ) 5 3 2 , 9 9 4 , 2 ( 2 8 1 , 8 7 3 , 1 4 , ) 7 7 8 7 4 1 ( 6 1 4 , 1 8 7 , 8 3 ) 5 2 8 , 3 9 0 , 0 2 ( 7 4 9 , 8 7 8 , 8 3 $ 1 9 5 , 7 8 6 , 8 1 $ e l b a y a p s d n o b e l b i t r e v n o c d e r u c e s n U e l b a y a p s d n o b c i t s e m o d d e r u c e s n U e l b a y a p s d n o b n o s t n u o c s i D : s s e L n o i t r o p t n e r r u C : s s e L l a t o T t e N e l b a y a P s d n o B ) 1 1 ( s n o i t i d n o c d n a s m r e t e h T . s d n o b e t a r o p r o c d e r u c e s n u c i t s e m o d d e u s s i y n a p m o C e h T . a : s w o l l o f s a e r e w s d n o b e h t f o n i d i a p e r y l l u f s a w l a p i c n i r p . 8 1 0 2 h c r a M e h t d n a y l l a u n n a d i a p s a w t s e r e t n I % 3 6 . 1 n o i l l i m 0 0 5 , 2 $ T N 2 1 0 2 e n u J y l r a e n I r a e y - n e v e S t n e m y a p e R e t a r n o p u o C t n u o m a d e u s s I e t a d e c n a u s s I m r e T e n u J n i d i a p e r y l l u f s a w l a p i c n i r p . 9 1 0 2 e h t d n a y l l a u n n a d i a p s a w t s e r e t n I % 5 3 . 1 n o i l l i m 0 0 5 , 7 $ T N 3 1 0 2 h c r a M - d i m n I r a e y - e v i F e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 0 5 . 1 n o i l l i m 0 0 5 , 2 $ T N 3 1 0 2 h c r a M - d i m n I r a e y - n e v e S l a p i c n i r p e h t f o % 5 2 . 9 9 t a 8 1 0 2 , 8 1 y a M n o s r e d l o h d n o b f o n o i t p o e h t t a t n u o m A n o i t p m e d e R y l r a E t a e l b a m e e d e r e b l l i w s d n o b e h t f o n o i t r o p y n a r o l l A ) v i ( n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 0 2 0 2 h c r a M . t n u o m a e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 0 7 . 1 n o i l l i m 0 0 0 , 2 $ T N 4 1 0 2 e n u J - d i m n I r a e y - n e v e S e b o t e s a e c s e r a h s y r a n i d r o s ’ y n a p m o C e h t f i t n u o m A n o i t p m e d e R y l r a E e h t t a s d n o b e h t f o l l a m e e d e r o t y n a p m o C e h t e r i u q e r o t t h g i r e h t e v a h s r e d l o h d n o B ) v ( e h t e r i u q e r o t t h g i r e h t e v a h l l a h s s r e d l o h d n o b e h t , y n a p m o C e h t o t s r u c c o n o i t p m e d e R y l r a E e h t t a , t r a p n i t o n t u b e l o h w n i , s d n o b e h t m e e d e r o t y n a p m o C s d n o b e h t f o e r u t n e d n i e h t n i d e n i f e d s a l o r t n o c f o e g n a h c a t a h t t n e v e e h t n I ) i v ( . e g n a h c x E k c o t S n a w i a T e h t n o d e t s i l . t n u o m A : n o i s r e v n o C f o s m r e T . v i , 8 2 e n u J r e t f a r o n o e m i t y n a t a e l b i t r e v n o c e r a s d n o b e h T : d o i r e P n o i s r e v n o C ) i i ( , d e d i v o r p ; s e r a h s y r a n i d r o y n a p m o C e h t o t n i , 0 2 0 2 , 8 y a M o t r o i r p d n a 5 1 0 2 g n i n n i g e b e h t m o r f s y a d s s e n i s u b 5 n i h t i w s l l a f e t a d e s i c r e x e e h t f i t a h t , r e v e w o h s d n o b e h t f o r e d l o h g n i t r e v n o c e h t f o t h g i r e h t , d o i r e p d e s o l c y n a , g n i r u d d n a , f o . s n o i t c i r t s e r n i a t r e c o t t c e j b u s e b l l i w s e v i e c e r t i s e r a h s e h t o t t c e p s e r h t i w e t o v o t n o p u s t n e m t s u j d a o t t c e j b u s e b l l i w e c i r p n o i s r e v n o c e h T . e r a h s r e p 0 5 . 7 1 $ T N e c i r p n o i s r e v n o c e h T . e r u t n e d n i e h t n i t u o t e s s t n e v e n i a t r e c f o e c n e r r u c c o e h t y l l a n i g i r o s a w e c i r p n o i s r e v n o c e h T : t n e m t s u j d A d n a e c i r P n o i s r e v n o C ) i i i ( y n a p m o C e h t f o s e r a h s y r a n i d r O : s e i t i r u c e S g n i y l r e d n U ) i ( . 9 1 0 2 , 1 3 r e b m e c e D n o e r a h s r e p 9 7 1 2 . 4 1 $ T N s a w n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 2 2 0 2 h c r a M e n u J n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 1 2 0 2 e n u J n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 4 2 0 2 e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 5 9 . 1 n o i l l i m 0 0 0 , 3 $ T N 4 1 0 2 e n u J - d i m n I r a e y - n e T e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 5 1 . 1 n o i l l i m 0 0 2 , 6 $ T N 7 1 0 2 h c r a M e t a l n I r a e y - e v i F n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 4 2 0 2 h c r a M e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 3 4 . 1 n o i l l i m 0 0 1 , 2 $ T N 7 1 0 2 h c r a M e t a l n I r a e y - n e v e S n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 4 2 0 2 r e b o t c O 7 1 0 2 n i e l b a y a p e r e b l l i w l a p i c n i r p . y t i r u t a m n o p u 2 2 0 2 r e b o t c O 7 1 0 2 e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 4 9 . 0 n o i l l i m 0 0 0 , 2 $ T N r e b o t c O y l r a e n I r a e y - e v i F e h t d n a y l l a u n n a d i a p e b l l i w t s e r e t n I % 3 1 . 1 n o i l l i m 0 0 4 , 3 $ T N r e b o t c O y l r a e n I r a e y - n e v e S 297 Financial Review e h t d e r e f f o t n e m e e r g a e h T . 6 1 0 2 , 7 1 r e b o t c O m o r f e v i t c e f f e , k n a B l a i c r e m m o C e b l l i w t i d e r c f o e n i l s i h T . n o i l l i b 3 $ T N f o t i d e r c f o e n i l g n i v l o v e r a y n a p m o C e s u t s r i f e h t r e t f a s h t n o m x i s d n a s r a e y o w t e h t f o d n e e h t m o r f g n i t r a t s d e c u d e r n o i t a r i p x e e h T . s t n e m t s u j d a x i s f o l a t o t a h t i w , r e t f a e r e h t s h t n o m x i s y r e v e d n a e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A . 2 2 0 2 , 6 1 l i r p A s i t n e m e e r g a e h t f o e t a d . y l e v i t c e p s e r , n o i l l i b 3 $ T N , n o i l l i b 5 . 0 $ T N e r e w t i d e r c f o e n i l d e s u n u a y n a p m o C e h t d e r e f f o t n e m e e r g a e h T . 6 1 0 2 , 2 r e b m e v o N m o r f e v i t c e f f e , k n a B d e c u d e r e b l l i w t i d e r c f o e n i l s i h T . n o i l l i b 3 $ T N f o t i d e r c f o e n i l g n i v l o v e r s h t n o m e e r h t y r e v e d n a e s u t s r i f e h t r e t f a r a e y d r i h t e h t f o d n e e h t m o r f g n i t r a t s t n e m e e r g a e h t f o e t a d n o i t a r i p x e e h T . s t n e m t s u j d a e n i n f o l a t o t a h t i w , r e t f a e r e h t f o e n i l d e s u n u e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A . 2 2 0 2 , 7 2 r e b o t c O s i . y l e v i t c e p s e r , n o i l l i b 3 $ T N d n a n o i l l i b 6 . 0 $ T N e r e w t i d e r c l a i c r e m m o C a w H g n a h C h t i w t n e m e e r g a n a o l r a e y - 5 a o t n i d e r e t n e y n a p m o C e h T : B e t o N s t i f e n e B t n e m y o l p m E - t s o P ) 3 1 ( d e n i f e d a s i . . C O R . e h t f o t c A n o i s n e P r o b a L e h t r e d n u n a l p n o i s n e p e e y o l p m e e h T n a l p n o i t u b i r t n o c d e n i f e D f o s n o i t u b i r t n o c y l h t n o m s e k a m y n a p m o C e h t , n a l p e h t o t t n a u s r u P . n a l p n o i t u b i r t n o c n o i s n e p ’ s e e y o l p m e o t e g a w r o y r a l a s s ’ e e y o l p m e l a u d i v i d n i h c a e n o d e s a b % 6 n i d e d i v o r p e r a h c n a r b e r o p a g n i S e h t f o s e e y o l p m e r o f s t i f e n e b n o i s n e P . s t n u o c c a d n a n o i l l i m 3 9 8 $ T N f o s e s n e p x e n o i s n e p l a t o T . s n o i t a l u g e r l a c o l e h t h t i w e c n a d r o c c a , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f y n a p m o C e h t y b d e t u b i r t n o c e r a n o i l l i m 3 8 8 $ T N a s i . . . C O R e h t f o t c A s d r a d n a t S r o b a L e h t y b d e t a d n a m n a l p n o i s n e p e e y o l p m e e h T . i . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 n a l p t i f e n e b d e n i f e D f o s t i n u e h t n o d e s a b d e s r u b s i d e r a s t i f e n e b n o i s n e p e h T . n a l p t i f e n e b d e n i f e d r o b a L e h t o t g n i d r o c c a t n e m e r i t e r o t r o i r p y r a l a s y l h t n o m e g a r e v a d n a s r a e y e c i v r e s s e c i v r e s f o s r a e y 5 1 t s r i f e h t r o f d e d r a w a e r a r a e y r e p s t i n u o w T . t c A s d r a d n a t S l a t o t e h t d n a r a e y h t 5 1 e h t f o n o i t e l p m o c e h t r e t f a d e d r a w a s i r a e y r e p t i n u e n o e l i h w o t t n e l a v i u q e t n u o m a n a s e t u b i r t n o c y n a p m o C e h T . s t i n u 5 4 d e e c x e t o n l l i w s t i n u d n u f n o i s n e p e h t o t s i s a b y l h t n o m a n o s e g a w d n a s e i r a l a s l a t o t ’ s e e y o l p m e e h t f o % 2 y r o s i v r e p u s d n u f n o i s n e p a f o e m a n e h t r e d n u n a w i a T f o k n a B e h t h t i w d e t i s o p e d d e t a n g i s e d s ’ t n e m n r e v o g e h t y b d e g a n a m s i d n u f n o i s n e p e h T . e e t t i m m o c y l n o y n a p m o c t n e r a p s ’ y n a p m o C e h t n i d e d u l c n i t o n s i e r o f e r e h t d n a s e i t i r o h t u a l a t o t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F . s t n e m e t a t s l a i c n a n i f e r e w , y l e v i t c e p s e r , n o i l l i m 9 6 $ T N d n a n o i l l i m 9 5 $ T N f o s e s n e p x e n o i s n e p . y n a p m o C e h t y b d e z i n g o c e r . a . b r o , y n a p m o C e h t f o n o i t p o e h t t a s d n o b e h t d e m e e d e r e v a h l l a h s y n a p m o C e h T ) i ( : e t a d h c u s o t r o i r p , s s e l n u t n u o m a l a p i c n i r p e h t f o % 6 7 . 8 9 t a s d n o b e h t ; r e d l o h d n o b e h t f o n o i t p o t a d e m e e d e r n e e b e v a h l l a h s s d n o b e h t d n a y n a p m o C e h t y b d e s a h c r u p e r r o d e m e e d e r n e e b e v a h l l a h s s d n o b e h T ) i i i ( r o ; y t i r u t a m e r o f e b t h g i r n o i s r e v n o c e h t d e s i c r e x e e v a h l l a h s s r e d l o h d n o b e h T ) i i ( . d e l l e c n a c e h t f o e u l a v e h t , ” n o i t a t n e s e r P s t n e m u r t s n I l a i c n a n i F “ 2 3 S A I h t i w e c n a d r o c c a n I n i d e z i n g o c e r d n a e c n a u s s i t a d e n i m r e t e d s a w s d n o b e l b i t r e v n o c e h t f o t h g i r n o i s r e v n o c n o i t c u d e r r e t f a , n o i l l i m 4 9 8 , 1 $ T N o t g n i t n u o m a s n o i t p o k c o t s - l a t i p a c n i - d i a p l a n o i t i d d a e h t n o e t a r t s e r e t n i e v i t c e f f e e h T . n o i l l i m 9 $ T N o t g n i t n u o m a s t s o c e c n a u s s i f o . % 3 0 . 2 e b o t d e n i m r e t e d s a w s d n o b e l b i t r e v n o c e h t f o t n e n o p m o c y t i l i b a i l e h t d e t r e v n o c d a h s r e d l o h d n o b n i a t r e c , 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t g n i r u D 3 3 o t n i n o i l l i m 5 1 $ S U g n i l a t o t s d n o b e l b i t r e v n o c e h t f o t n u o m a l a p i c n i r p g n i d n a t s t u o n e e b t o n e v a h s e r u d e c o r p n o i t a r t s i g e r e r a h s e s a e r c n i l a t i p a c h c i h w f o , s e r a h s n o i l l i m . e c n a v d a n i d e t c e l l o c l a t i p a c s a d e i f i s s a l c e r e w d n a d e t e l p m o c n o i t p m e d e R , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 : s w o l l o f s a e r a 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a s n a o l m r e t - g n o l f o s l i a t e D s r e d n e L s n a o L m r e T - g n o L ) 2 1 ( , 3 2 h c r a M m o r f y l r e t r a u q e l b a y a p e R 0 0 0 , 0 0 0 , 1 $ - $ n a o L m r e T - g n o L d e r u c e s n U h t i w 1 2 0 2 , 3 2 r e b m e c e D o t 9 1 0 2 , 6 1 l i r p A o t 0 2 0 2 , 6 1 r e b o t c O t s e r e t n i y l h t n o m h t i w 2 2 0 2 . s t n e m y a p t s e r e t n i y l h t n o m m o r f y l l a u n n a - i m e s e l b a y a p e R . s t n e m y a p h t i w 2 2 0 2 , 6 2 r e b o t c O o t 1 2 0 2 , 6 2 y r a u n a J m o r f y l r e t r a u q e l b a y a p e R . s t n e m y a p t s e r e t n i y l h t n o m - - ) 0 6 3 , 3 3 3 ( 0 4 6 , 6 6 6 $ 0 0 0 , 0 0 0 , 1 ) 0 0 0 , 0 0 5 ( 0 0 0 , 0 0 4 , 4 0 0 0 , 0 0 9 , 3 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 % 2 2 . 1 ~ % 9 9 . 0 % 2 2 . 1 ~ % 5 5 . 0 d e i l p p a s e t a r t s e r e t n I 0 0 0 , 0 0 0 , 2 n a o L g n i v l o v e R d e r u c e s n U ) A e t o N ( k n a B l a i c r e m m o C l a n o i t a n r e t n I a g e M m o r f 0 0 0 , 0 0 4 , 2 n a o L g n i v l o v e R d e r u c e s n U n a w i a T f o k n a B m o r f ) B e t o N ( k n a B l a i c r e m m o C a w H g n a h C m o r f n o i t r o p t n e r r u C : s s e L l a t o t b u S l a t o T l a n o i t a n r e t n I a g e M h t i w t n e m e e r g a n a o l r a e y - 5 a o t n i d e r e t n e y n a p m o C e h T : A e t o N m e e d e r l l i w y n a p m o C e h t , e t a d y t i r u t a m e h t n O : e t a D y t i r u t a M e h t n o n o i t p m e d e R . v 298 United Microelectronics Corporation | Annual Report 2019 e r a s t e e h s e c n a l a b y l n o y n a p m o c t n e r a p e h t n o d e z i n g o c e r n a l p t i f e n e b d e n i f e d e h T . i i i n a l p f o e u l a v r i a f d n a n o i t a g i l b o t i f e n e b d e n i f e d f o e u l a v t n e s e r p n i s t n e m e v o M . i i , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 ) 9 0 5 , 0 2 6 , 5 ( $ ) 9 6 0 , 1 1 4 , 5 ( $ n o i t a g i l b o t i f e n e b d e n i f e d e h t f o e u l a v t n e s e r P 5 3 3 , 3 5 4 , 1 6 9 6 , 5 8 3 , 1 ) 4 7 1 , 7 6 1 , 4 ( ) 3 7 3 , 5 2 0 , 4 ( s t e s s a n a l p f o e u l a v r i a F s u t a t s d e d n u F ) 4 7 1 , 7 6 1 , 4 ( $ ) 3 7 3 , 5 2 0 , 4 ( $ s t e e h s e c n a l a b y l n o y n a p m o c t n e r a p e h t n o d e z i n g o c e r t n e r r u c n o n , s e i t i l i b a i l t i f e n e b d e n i f e d t e N : s w o l l o f s a n a l p l a t o t e h t f o e u l a v r i a f e h t f o e g a t n e c r e p a s a s t e s s a n a l p f o s e i r o g e t a c r o j a m e h T . v i : s w o l l o f s a e r a s t e s s a % 7 1 % 1 5 % 4 2 % 8 % 1 2 % 5 4 % 4 2 % 0 1 , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 f o k n a B e h t y b d e r e t s i n i m d a t s u r t a r e d n u d e t i s o p e d s i d n u f n o i s n e p n o d e s a b d e n i m r e t e d s i s t e s s a n o n r u t e r f o e t a r d e t c e p x e l l a r e v o e h T . n a w i a T r e v o t e k r a m e h t n i s n r u t e r ’ s t e s s a e h t n o s n o i t a t c e p x e ’ s e i r a u t c a d n a d n e r t l a c i r o t s i h e h t y b d e n i m r e t e d s i d n u f e h t f o n o i t a z i l i t u e h t , e r o m r e h t r u F . d o i r e p n o i t a g i l b o e h t m u m i n i m e h t s e e t n a r a u g o s l a h c i h w , e e t t i m m o c y r o s i v r e p u s d n u f n o i s n e p r o b a l l a c o l y b d e r e f f o s e t a r t s e r e t n i m o r f e l b a n i a t t a s g n i n r a e e h t n a h t s s e l o n e b o t s g n i n r a e . s t i s o p e d e m i t r a e y - o w t r o f s k n a b : s w o l l o f s a e r a s n o i t p m u s s a l a i r a u t c a g n i y l r e d n u l a p i c n i r p e h T . v % 1 9 . 0 % 0 5 . 3 8 1 0 2 % 7 6 . 0 % 0 5 . 3 9 1 0 2 , 1 3 r e b m e c e D f o s A e s a e r c n i y r a l a s e r u t u f f o e t a R e t a r t n u o c s i D s t n e m u r t s n i y t i u q E s t n e m u r t s n i t b e D h s a C e e y o l p m E s r e h t O d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 ) 8 5 0 , 1 7 6 , 5 ( $ ) 9 0 5 , 0 2 6 , 5 ( $ r a e y f o g n i n n i g e b t a n o i t a g i l b o t i f e n e b d e n i f e D : s s o l r o t i f o r p s a d e z i n g o c e r s m e t I ) 7 7 4 , 4 2 ( ) 7 4 2 , 1 6 ( ) 4 2 7 , 5 8 ( ) 0 5 3 , 1 9 ( ) 7 0 9 , 5 ( ) 7 5 2 , 7 9 ( 0 3 5 , 3 3 2 ) 3 4 0 , 1 2 ( ) 6 4 1 , 1 5 ( ) 9 8 1 , 2 7 ( t s o c e c i v r e S t s o c t s e r e t n I l a t o t b u S ) 6 7 9 , 4 1 1 ( s n o i t p m u s s a l a i c n a n i f n i s e g n a h c m o r f g n i s i r A e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s t n e m e r u s a e m e R : ) s s o l ( e m o c n i 5 9 0 , 0 8 1 9 1 1 , 5 6 0 1 5 , 6 1 2 s t n e m t s u j d a e c n e i r e p x E d i a p s t i f e n e B l a t o t b u S ) 9 0 5 , 0 2 6 , 5 ( $ ) 9 6 0 , 1 1 4 5 ( $ , r a e y f o d n e t a n o i t a g i l b o t i f e n e b d e n i f e D : r a e y e h t g n i r u d s t e s s a n a l p f o e u l a v r i a f n i s t n e m e v o M : r a e y e h t g n i r u d n o i t a g i l b o t i f e n e b d e n i f e d f o e u l a v t n e s e r p n i s t n e m e v o M : s w o l l o f s a e r a s t e s s a d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 9 3 5 , 2 3 5 , 1 $ 5 3 3 , 3 5 4 , 1 $ s t e s s a n a l p f o e u l a v r i a f f o e c n a l a b g n i n n i g e B 2 5 5 , 6 1 7 7 5 , 5 9 5 2 2 , 3 1 2 6 3 , 4 9 ) 0 3 5 , 3 3 2 ( ) 0 1 5 , 6 1 2 ( e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s t n e m e r u s a e m e R : ) s s o l ( e m o c n i : s s o l r o t i f o r p s a d e z i n g o c e r s m e t I s t e s s a n a l p n o e m o c n i t s e r e t n I r e y o l p m e y b n o i t u b i r t n o C d i a p s t i f e n e B 7 9 1 , 2 4 4 8 2 , 1 4 d e d u l c n i s t n u o m a g n i d u l c x e , s t e s s a n a l p n o n r u t e R e m o c n i t s e r e t n i n i 5 3 3 , 3 5 4 , 1 $ 6 9 6 , 5 8 3 , 1 $ r a e y f o d n e t a s t e s s a n a l p f o e u l a v r i a F , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f y n a p m o C e h t f o s t e s s a n a l p n o s n r u t e r l a u t c a e h T . y l e v i t c e p s e r , n o i l l i m 9 5 $ T N d n a n o i l l i m 5 5 $ T N e r e w 8 1 0 2 d n a 9 1 0 2 299 Financial Review , 9 7 7 3 1 1 $ 7 6 3 3 2 1 , 8 1 0 2 2 6 8 , 1 5 1 9 3 , 4 0 2 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A ) 9 2 4 5 3 ( , 4 7 6 2 , ) 3 6 7 , 8 5 ( ) 7 4 9 , 3 ( , 1 9 3 4 0 2 $ 3 4 5 , 3 9 1 $ 8 7 8 9 4 $ , 3 1 5 4 5 1 , , 1 9 3 4 0 2 $ 3 6 0 , 5 5 $ 0 8 4 , 8 3 1 3 4 5 , 3 9 1 $ d o i r e p e h t g n i r u d g n i s i r A : s s o l r o t i f o r p n i d e d r o c e R e m o c n i g n i t a r e p o r e h t O e c n a l a b g n i n n i g e B t c e f f e e g n a h c x E e c n a l a b g n i d n E t n e r r u c n o N t n e r r u C l a t o T e h t y b d e v i e c e r s n o i t i s i u q c a t n e m p i u q e o t d e t a l e r s t n a r g t n e m n r e v o g t n a c i f i n g i s e h T d e d r o c e r d n a , t n e m p i u q e d e t a l e r f o s e v i l l u f e s u e h t r e v o e m o c n i s a d e z i t r o m a e r a y n a p m o C . s e s n e p x e d n a e m o c n i g n i t a r e p o r e h t o t e n e h t n i 8 6 4 , 0 3 2 $ 9 6 9 , 2 5 2 3 8 4 , 8 9 2 8 5 9 , 8 2 3 2 2 0 , 7 7 3 7 2 4 , 3 6 2 , 4 7 2 3 , 1 5 7 , 5 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A r a e Y 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 r e t f a e r e h t d n a 5 2 0 2 l a t o T . 0 2 0 2 n i n o i l l i m 3 9 $ T N f o n o i t u b i r t n o c d n u f n o i s n e p e k a m o t s t c e p x e y n a p m o C e h T 0 1 d n a s r a e y 9 e r a n o i t a g i l b o t i f e n e b d e n i f e d e h t f o s n o i t a r u d e g a r e v a - d e t h g i e w e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a s r a e y : s i s y l a n a y t i v i t i s n e S . i i v ) s e i t i l i b a i l t n e r r u c r e h t o r e d n u d e i f i s s a l c ( s e i t i l i b a i L d n u f e R ) 5 1 ( 9 1 0 2 , 1 3 r e b m e c e D f o s A , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 3 1 8 , 4 6 1 , 1 $ 7 1 6 , 4 8 6 1 $ , s e i t i l i b a i l d n u f e R : k c o t s l a t i p a C . a y t i u q E ) 6 1 ( e s a e r c n i y r a l a s e r u t u f f o e t a R e t a r t n u o c s i D % 5 . 0 % 5 . 0 % 5 . 0 % 5 . 0 e s a e r c e d e s a e r c n i e s a e r c e d e s a e r c n i 8 8 3 , 5 0 2 $ ) 4 9 6 , 5 1 2 ( $ ) 1 3 1 , 1 5 2 ( $ 6 6 6 , 5 3 2 $ n o i t a g i l b o t i f e n e b d e n i f e d n i ) e s a e r c n i ( e s a e r c e D f o s a d e u s s i e b o t d e z i r o h t u a s e r a h s n o m m o c n o i l l i m 0 0 0 , 6 2 d a h y n a p m o C e h T . i e s a e r c n i y r a l a s e r u t u f f o e t a R e t a r t n u o c s i D 8 1 0 2 , 1 3 r e b m e c e D f o s A n o i l l i m 4 2 4 , 2 1 d n a , s e r a h s n o i l l i m 4 2 7 , 1 1 h c i h w f o , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D r a p a t a h c a e , y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a d e u s s i e r e w s e r a h s . 0 1 $ T N f o e u l a v e h t n o d e d a r t e r e w h c i h w , s S D A n o i l l i m 3 4 1 d n a n o i l l i m 8 3 1 d a h y n a p m o C e h T f o r e b m u n l a t o t e h T . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a E S Y N n o i l l i m 2 9 6 e r e w s S D A d e u s s i l l a y b d e t n e s e r p e r y n a p m o C e h t f o s e r a h s n o m m o c e n O . y l e v i t c e p s e r , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a s e r a h s n o i l l i m 7 1 7 d n a s e r a h s . i i % 5 . 0 % 5 . 0 % 5 . 0 % 5 . 0 e s a e r c e d e s a e r c n i e s a e r c e d e s a e r c n i 1 5 7 , 1 3 2 $ ) 0 2 1 , 4 4 2 ( $ ) 7 3 0 , 1 8 2 ( $ 9 0 9 , 2 6 2 $ n o i t a g i l b o t i f e n e b d e n i f e d n i ) e s a e r c n i ( e s a e r c e D t a h t d o h t e m a n o d e s a b d e n i m r e t e d n e e b e v a h e v o b a s e s y l a n a y t i v i t i s n e s e h T e l b a n o s a e r f o t l u s e r a s a n o i t a g i l b o t i f e n e b d e n i f e d t e n e h t n o t c a p m i e h t s e t a l o p a r t x e . s e r a h s n o m m o c e v i f s t n e s e r p e r S D A . d o i r e p g n i t r o p e r e h t f o d n e e h t t a g n i r r u c c o s n o i t p m u s s a y e k n i s e g n a h c s t n a r G t n e m n r e v o G d e r r e f e D ) 4 1 ( : s w o l l o f s a e r a s t n e m y a p t i f e n e b e r u t u f d e t c e p x E . i v 300 United Microelectronics Corporation | Annual Report 2019 0 0 0 , 0 8 2 0 0 0 , 0 0 2 0 0 0 , 0 8 4 - 0 0 0 , 0 0 2 8 1 0 2 f o s A , 1 3 r e b m e c e D 0 0 0 , 0 0 2 - e s a e r c e D e s a e r c n I 0 0 0 , 0 0 4 8 1 0 2 f o s A , 1 y r a u n a J 0 0 0 , 0 8 4 0 0 0 , 0 0 4 0 0 0 , 0 8 4 0 0 0 , 0 0 4 e s o p r u P s e e y o l p m e o t r e f s n a r t r o F e h t n i a t n i a m o T s t i d n a t i d e r c ’ s r e d l o h k c o t s s ’ y n a p m o C d n a s t h g i r s t s e r e t n i 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F ) s e r a h s f o s d n a s u o h t n I ( f o s e r a h s l a t o t e h t , . . C O R . e h t f o w a L e g n a h c x E d n a s e i t i r u c e S e h t o t g n i d r o c c A . i i l a t o t e h t d n a , k c o t s d e u s s i s ’ y n a p m o C e h t f o % 0 1 d e e c x e t o n l l a h s k c o t s y r u s a e r t n i - d i a p l a n o i t i d d a , s g n i n r a e d e n i a t e r e h t f o m u s e h t d e e c x e t o n l l a h s t n u o m a e s a h c r u p f o r e b m u n e h t , h c u s s A . l a t i p a c n i - d i a p l a n o i t i d d a d e z i l a e r d n a s m u i m e r p - l a t i p a c , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h y n a p m o C e h t t a h t k c o t s y r u s a e r t f o s e r a h s k c o t s y r u s a e r t , . . C O R . e h t g n i v i e c e r r o s t h g i r g n i t o v f o o t d e l t i t n e e b t i d l u o h s r o n , d e g d e l p e b t o n d l u o h s w a L e g n a h c x E d n a s e i t i r u c e S h t i w e c n a i l p m o c n I . i i i . t i m i l e h t d e e c x e t o n d i d e s e h T . k c o t s y r u s a e r t s a d e t a e r t s i s e i r a i d i s b u s y b d l e h k c o t S . s d n e d i v i d w e n o t n o i t p i r c s b u s r o f t p e c x e s r e d l o h k c o t s r e h t o s a s t h g i r e m a s e h t e v a h s e i r a i d i s b u s . s t h g i r g n i t o v d n a e c n a u s s i k c o t s f o s e r a h s d l e h , . P R O C L A T I P A C E R U T N E V E N U T R O F , y r a i d i s b u s s ’ y n a p m o C e h T , 7 9 9 1 n i . C N I N O C I L I S D E T I N U f o s e r a h s g n i r i u q c a h g u o r h t k c o t s s ’ y n a p m o C e h t e h t f o t l u s e r a s a 0 0 0 2 n i k c o t s s ’ y n a p m o C e h t s ’ y n a p m o C e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D o t f o d e t r e v n o c e r e w s e r a h s e s e h t d n a s A . r e g r e m 1 n i 5 s ’ y n a p m o C e h t f o s e r a h s n o i l l i m 6 1 d l e h , . P R O C L A T I P A C E R U T N E V E N U T R O F , y r a i d i s b u s e r e w , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D n o e c i r p g n i s o l c e h T . k c o t s s ’ y n a p m o C . y l e v i t c e p s e r , 5 2 . 1 1 $ T N d n a 5 4 . 6 1 $ T N . v i , y n a f i , s g n i n r a e s ’ r a e y t n e r r u c , n o i t a r o p r o c n I f o s e l c i t r A s ’ y n a p m o C e h t o t g n i d r o c c A : s e i c i l o p d n e d i v i d d n a s g n i n r a e d e n i a t e R . c s a h e v r e s e r l a g e l d e t a l u m u c c a n e h w r o f t p e c x e , e v r e s e r l a g e l r o f % 0 1 e d i s a g n i t t e S . i i i . l a t i p a c n i - d i a p s ’ y n a p m o C e h t d e h c a e r : r e d r o g n i w o l l o f e h t n i d e t u b i r t s i d e b l l a h s . s r a e y g n i d e c e r p r o f s s o l p u g n i k a M . i i . s e x a t f o t n e m y a P . i - - - , k c o t s y r u s a e r t f o s e r a h s n o i l l i m 0 0 4 d e l l e c n a c y n a p m o C e h t , 9 1 0 2 , 8 2 e n u J n O e h t r o f 6 1 0 2 , 3 1 e n u J o t 3 1 y a M m o r f d o i r e p e h t g n i r u d d e s a h c r u p e r e r e w h c i h w l i r p A m o r f d o i r e p e h t g n i r u d d e s a h c r u p e r d n a , s e e y o l p m e o t g n i r r e f s n a r t f o e s o p r u p s t i d n a t i d e r c s ’ y n a p m o C e h t g n i n i a t n i a m f o e s o p r u p e h t r o f 9 1 0 2 , 3 1 e n u J o t 6 2 . s t s e r e t n i d n a s t h g i r ’ s r e d l o h k c o t s , k c o t s y r u s a e r t f o s e r a h s n o i l l i m 0 0 3 d e l l e c n a c y n a p m o C e h t , 9 1 0 2 , 1 1 h c r a M n O , 4 y r a u n a J o t 8 1 0 2 , 7 r e b m e v o N m o r f d o i r e p e h t g n i r u d d e s a h c r u p e r e r e w h c i h w s t h g i r ’ s r e d l o h k c o t s s t i d n a t i d e r c s ’ y n a p m o C e h t g n i n i a t n i a m f o e s o p r u p e h t r o f 9 1 0 2 . s t s e r e t n i d n a , k c o t s y r u s a e r t f o s e r a h s n o i l l i m 0 0 2 d e l l e c n a c y n a p m o C e h t , 8 1 0 2 , 7 2 t s u g u A n O e h t r o f 8 1 0 2 , 4 y a M o t 2 1 h c r a M m o r f d o i r e p e h t g n i r u d d e s a h c r u p e r e r e w h c i h w d n a s t h g i r ’ s r e d l o h k c o t s s t i d n a t i d e r c s ’ y n a p m o C e h t g n i n i a t n i a m f o e s o p r u p . s t s e r e t n i d e r u c e s n u s a e s r e v o f o n o i s r e v n o c s ’ y n a p m o C e h t r o f ) 1 1 ( 6 e t o N o t r e f e r e s a e l P r e b m e c e D d e d n e r a e y e h t r o f y n a p m o C e h t f o s e r a h s y r a n i d r o o t n i s d n o b e l b i t r e v n o c . i i i . v i . v . i v . 9 1 0 2 , 1 3 : k c o t s y r u s a e r T . b d n a e s a h c r u p e r e h t r o f e s o p r u p e h T . t e k r a m e g n a h c x e s e i t i r u c e s d e z i l a r t n e c e h t e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t g n i r u d k c o t s y r u s a e r t n i s e g n a h c m o r f s e r a h s s t i d e s a h c r u p e r d n a m a r g o r p k c o t s y r u s a e r t a t u o d e i r r a c y n a p m o C e h T . i 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F ) s e r a h s f o s d n a s u o h t n I ( : s w o l l o f s a f o s A , 1 3 r e b m e c e D 9 1 0 2 e s a e r c e D e s a e r c n I 0 0 0 , 0 0 2 - 0 0 0 , 0 0 2 9 1 0 2 f o s A , 1 y r a u n a J 0 0 0 , 0 0 5 0 0 0 , 0 2 2 0 0 0 , 0 8 2 e s o p r u P s e e y o l p m e o t r e f s n a r t r o F e h t n i a t n i a m o T s t i d n a t i d e r c ’ s r e d l o h k c o t s s ’ y n a p m o C d n a s t h g i r s t s e r e t n i 0 0 0 , 0 0 7 0 0 0 , 0 2 2 0 0 0 , 0 8 4 301 Financial Review d e v o r p p a n e e b t e y t o n s a h s g n i n r a e d e n i a t e r d e t a i r p o r p p a n u 9 1 0 2 f o n o i t a i r p o r p p a e h T e h t o t t n a v e l e r n o i t a m r o f n I . e t a d g n i t r o p e r e h t f o s a g n i t e e m s ’ r e d l o h k c o t s e h t y b n a c l a v o r p p a g n i t e e m ’ s r e d l o h k c o t s d n a s n o i t a d n e m m o c e r g n i t e e m ’ s r o t c e r i D f o d r a o B . 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o w t r o e n o f o d n e e h t t a t s e v o t s n o i t i d n o c e c i v r e s e t i s i u q e r n i n i d o i r e p e h t r e v o s i s a b e n i l - t h g i a r t s a n o t s o c n o i t a s n e p m o c e h t s e z i n g o c e r y n a p m o C e h t e s a e r c n i g n i d n o p s e r r o c a h t i w r e h t e g o t , d e l l i f l u f e r a s n o i t i d n o c s e c i v r e s e h t h c i h w n o i t a s n e p m o c l a t o t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f , h c u s s A . y t i u q e e h t y b d e z i n g o c e r e r e w , y l e v i t c e p s e r , n o i l l i m 6 9 6 $ T N d n a n o i l l i m 6 6 3 $ T N f o t s o c 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F a n i h C s e d u l c n i ( e u n e v e r f o n o i t a g e r g g a s i D . a y h p a r g o e g y B s e u n e v e R g n i t a r e p O ) 8 1 ( . y n a p m o C o t g n i d r o c c a s r o t c e r i D f o d r a o B e h t y b d e s o p o r p n a l p n o i t u b i r t s i d e h t o t g n i d r o c c a d e t u b i r t s i d e b l l a h s , s g n i n r a e d e t a i r p o r p p a n u s ’ r a e y s u o i v e r p e h t s u l p , g n i n i a m e r e h T . v . l a v o r p p a r o f g n i t e e m ’ s r e d l o h k c o t s e h t o t d e t t i m b u s d n a y c i l o p d n e d i v i d e h t o t s e u n i t n o c d n a y r t s u d n i e v i s n e t n i l a t i p a c a n i s s e n i s u b s t c u d n o c y n a p m o C e h t e s u a c e B d e n i m r e t e d e b l l a h s y n a p m o C e h t f o y c i l o p d n e d i v i d e h t , e s a h p h t w o r g s t i n i e t a r e p o , s t n e m e r i u q e r g n i d n u f s t i , t n e m n o r i v n e t n e m t s e v n i e h t s a h c u s s r o t c a f o t t n a u s r u p s a , t s a c e r o f e r u t i d n e p x e l a t i p a c s t i d n a e p a c s d n a l e v i t i t e p m o c s a e s r e v o d n a c i t s e m o d m r e t - g n o l s ’ y n a p m o C e h t d n a s d n e d i v i d g n i c n a l a b , t s e r e t n i ’ s r e d l o h k c o t s s a l l e w d n a n a l p n o i t u b i r t s i d e h t e s o p o r p l l a h s s r o t c e r i D f o d r a o B e h T . g n i n n a l p l a i c n a n i f ’ s r e d l o h k c o t s f o n o i t u b i r t s i d e h T . r a e y y r e v e g n i t e e m ’ s r e d l o h k c o t s e h t o t t i t i m b u s k c o t s d n a , % 0 0 1 o t % 0 2 f o e g n a r e h t n i d n e d i v i d h s a c s a d e t a c o l l a e b l l a h s d n e d i v i d . % 0 8 o t % 0 f o e g n a r e h t n i d n e d i v i d a e t a i r p o r p p a o t d e r i u q e r s i y n a p m o C e h t , C S F n a w i a T f o s n o i t a l u g e r e h t o t g n i d r o c c A s a h c u s , y t i u q e r e d n u s t n e m e l e t i b e d f o m u s e h t o t l a u q e t n u o m a e h t n i e v r e s e r l a i c e p s n o s e c n e r e f f i d e g n a h c x e f o e c n a l a b t i b e d d n a s t n e m u r t s n i l a i c n a n i f n o s s o l d e z i l a e r n u d e t i b i h o r p s i e v r e s e r l a i c e p s h c u S . d n e - r a e y y r e v e t a , s n o i t a r e p o n g i e r o f f o n o i t a l s n a r t l a i c e p s e h t , d e s r e v e r s i s t n e m e l e t i b e d e h t f o y n a f i , r e v e w o H . n o i t u b i r t s i d m o r f r o n o i t u b i r t s i d s g n i n r a e r o f d e s a e l e r e b y a m l a s r e v e r e h t o t l a u q e t n u o m a e h t n i e v r e s e r . s t i c i f e d d e t a l u m u c c a g n i t t e s f f o d l e h g n i t e e m ’ s r e d l o h k c o t s e h t y b d e v o r p p a s a w 8 1 0 2 r o f s g n i n r a e f o n o i t u b i r t s i d e h T e h t y b d e v o r p p a s a w 9 1 0 2 r o f s g n i n r a e f o n o i t u b i r t s i d e h t e l i h w , 9 1 0 2 , 2 1 e n u J n o s a e r a n o i t u b i r t s i d f o s l i a t e d e h T . 0 2 0 2 , 6 2 y r a u r b e F n o g n i t e e m ’ s r o t c e r i D f o d r a o B r e h t o r o s l a i c i f f o t n e m n r e v o g y b e v r e s e r l a i c e p s g n i s r e v e r r o g n i t a i r p o r p p A . s n o i t a l u g e r . v i 302 e r a h s r e p d n e d i v i d h s a C s g n i n r a e f o n o i t a i r p o r p p A ) s r a l l o d T N ( ) s r a l l o d T N d n a s u o h t n i ( 8 1 0 2 9 1 0 2 8 1 0 2 9 1 0 2 9 9 2 , 7 0 7 $ 4 8 7 , 4 1 6 $ 0 4 9 , 3 1 5 , 4 1 ) 6 2 6 , 1 9 4 , 3 ( e v r e s e r l a i c e p S s d n e d i v i d h s a C e v r e s e r l a g e L : s w o l l o f l a t o T s r e h t O e p o r u E A S U n a p a J ) g n o K g n o H e r o p a g n i S n a w i a T 8 5 . 0 $ 5 7 0 $ . 5 0 1 , 6 1 9 , 6 5 5 1 , 5 6 7 , 9 6 3 4 , 2 2 6 , 3 2 1 $ 7 3 8 , 1 9 0 , 8 $ 0 1 7 , 5 0 7 , 2 $ 5 3 2 , 9 4 7 , 7 4 $ 0 8 1 , 6 3 9 , 3 $ 1 5 8 , 6 6 6 , 0 1 $ 4 5 3 , 8 1 9 , 6 $ 9 6 2 , 4 5 5 , 3 4 $ s r e m o t s u c . 9 1 0 2 , 6 h c r a M n o d l e h s r o t c e r i D f o d r a o B f o g n i t e e m f o s n o i t u l o s e r e h t h t i w t n e t s i s n o c : n o i t i n g o c e r e u n e v e r f o g n i m i t e h T e r a h s r e p 6 9 3 9 8 9 8 5 . 0 $ T N o t d e t s u j d a s a w 8 1 0 2 r o f e r a h s r e p d n e d i v i d h s a c e h T 0 8 7 , 1 7 7 , 2 2 1 $ 9 5 1 , 0 9 0 , 8 $ 3 8 1 , 4 4 9 , 1 $ 3 0 5 , 5 3 7 , 7 4 $ 4 4 1 , 3 6 8 , 3 $ 2 3 7 , 6 6 6 , 0 1 $ 4 5 3 , 8 1 9 , 6 $ 5 0 7 , 3 5 5 , 3 4 $ e m i t n i t n i o p a t A 6 5 6 , 0 5 8 8 7 6 , 1 7 2 5 , 1 6 7 2 3 7 , 3 1 6 3 0 , 3 7 9 1 1 - 4 6 5 6 3 4 , 2 2 6 , 3 2 1 $ 7 3 8 , 1 9 0 , 8 $ 0 1 7 , 5 0 7 , 2 $ 5 3 2 , 9 4 7 , 7 4 $ 0 8 1 , 6 3 9 , 3 $ 1 5 8 , 6 6 6 , 0 1 $ 4 5 3 , 8 1 9 , 6 $ 9 6 2 , 4 5 5 , 3 4 $ e m i t r e v O l a t o T e h T . 9 1 0 2 , 9 1 e n u J n o g n i t e e m ’ s r o t c e r i D f o d r a o B e h t f o n o i t u l o s e r e h t o t g n i d r o c c a e r a h s e h t o t e u d s e r a h s n o m m o c g n i d n a t s t u o n i e s a e r c e d e h t r o f e d a m s a w t n e m t s u j d a . m a r g o r p e s a h c r u p e r h t i w s t c a r t n o c m o r f e u n e v e R s a w g n i t e e m ’ s r e d l o h k c o t s y b d e v o r p p a n o i t u b i r t s i d 8 1 0 2 d e n o i t n e m e r o f a e h T United Microelectronics Corporation | Annual Report 2019 f o s A 8 1 0 2 8 1 0 2 9 1 0 2 , 1 y r a u n a J , 1 3 r e b m e c e D , 1 3 r e b m e c e D s e i t i l i b a i l t c a r t n o C . i i l a t o T s r e h t O e p o r u E A S U n a p a J ) g n o K g n o H e r o p a g n i S n a w i a T 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F a n i h C s e d u l c n i ( h t i w s t c a r t n o c m o r f e u n e v e R 8 0 9 , 4 1 6 , 3 $ 2 0 7 , 7 4 4 $ 4 0 1 , 9 2 0 , 1 $ s e c i v r e s d n a s d o o g f o s e l a S 2 0 6 4 3 8 , , 2 3 1 $ 4 5 9 , 6 6 5 , 4 $ 0 5 5 , 0 9 4 , 6 $ 9 4 6 , 8 6 1 , 7 5 $ 6 9 7 , 8 1 2 , 4 $ 9 6 9 , 5 6 6 , 0 1 $ 4 7 0 , 6 3 9 , 5 $ 0 1 6 , 7 8 7 , 3 4 $ s r e m o t s u c - - 8 0 9 , 4 1 6 , 3 $ 2 0 7 , 7 4 4 $ 4 2 0 , 7 4 5 $ 0 8 0 , 2 8 4 8 0 9 , 4 1 6 , 3 $ 2 0 7 , 7 4 4 $ 4 0 1 , 9 2 0 , 1 $ e h t f o e c n e r e f f i d g n i m i t e h t y b d e s u a c y l n i a m s i s e i t i l i b a i l t c a r t n o c f o t n e r r u c n o N t n e r r u C l a t o T t n e m e v o m e h T m o r f d e v i e c e r n o i t a r e d i s n o c e h t d n a n o i t a g i l b o f o e c n a m r o f r e p a f o n o i t c a f s i t a s . s r e m o t s u c n i , y l e v i t c e p s e r , n o i l l i m 9 2 4 , 3 $ T N d n a n o i l l i m 9 4 2 $ T N d e z i n g o c e r y n a p m o C e h T s a d o i r e p e h t f o g n i n n i g e b e h t t a e c n a l a b s e i t i l i b a i l t c a r t n o c e h t m o r f s e u n e v e r d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f d e i f s i t a s e r e w s n o i t a g i l b o e c n a m r o f r e p . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 8 4 1 , 3 $ T N d n a n o i l l i m 7 8 9 , 2 $ T N o t d e t n u o m a s t i s e i f s i t a s y n a p m o C e h t s a e u n e v e r e z i n g o c e r l l i w y n a p m o C e h T . y l e v i t c e p s e r , 8 1 0 2 a f o n o i t e l p m o c d r a w o t s s e r g o r p h t i w s n g i l a t a h t e m i t r e v o s n o i t a g i l b o e c n a m r o f r e p d e t a m i t s e y l b a i l e r e b t o n n a c s s e r g o r p e h t , e t a d t r o p e r e h t f o s A . e r u t u f e h t n i t c a r t n o c e h t f o e t a m i t s e e h T . ) 5 ( 9 e t o N n i d e s o l c s i d s a n o i s n e p s u s e h t o t e u d y l i r a m i r p t a h t n o i t a r e d i s n o c e l b a i r a v f o s t n u o m a d e t a m i t s e y n a e d u l c n i t o n s e o d e c i r p n o i t c a s n a r t s n o i t a g i l b o e c n a m r o f r e p d e i f s i t a s n u o t d e t a c o l l a e c i r p n o i t c a s n a r t s ’ y n a p m o C e h T . c r e m o t s u c h t i w t c a r t n o c a l l i f l u f o t s t s o c m o r f d e z i n g o c e r t e s s A . d . d e n i a r t s n o c e r a l l i f l u f o t s t s o c d e z i n g o c e r y n a p m o C e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A h c i h w s t e s s a t n e r r u c r e h t o s a n o i t a z i l a t i p a c r o f e l b i g i l e s t c a r t n o c e c i v r e s g n i r e e n i g n e e h t , y l t n e u q e s b u S . y l e v i t c e p s e r , n o i l l i m 4 6 4 $ T N d n a n o i l l i m 5 2 4 $ T N o t d e t n u o m a e h t n e h w s t s o c g n i t a r e p o o t t c a r t n o c a l l i f l u f o t s t s o c m o r f e s n e p x e l l i w y n a p m o C . d e i f s i t a s e r a s n o i t a g i l b o d e t a l e r e h t n o d e s a b s a w s e u n e v e r g n i t a r e p o s ’ y n a p m o C e h t f o n w o d k a e r b c i h p a r g o e g e h T . s r e m o t s u c s ’ y n a p m o C e h t f o n o i t a c o l 1 5 2 8 4 4 , , 8 2 1 $ 4 5 9 , 6 6 5 , 4 $ 7 3 3 , 3 1 5 , 5 $ 4 2 0 , 7 2 1 , 7 5 $ 3 4 5 , 4 1 2 , 4 $ 8 5 5 , 9 8 3 , 7 $ 4 7 0 , 6 3 9 , 5 $ 1 6 7 , 0 0 7 , 3 4 $ e m i t n i t n i o p a t A 1 5 3 6 8 3 , , 4 - 3 1 2 , 7 7 9 5 2 6 , 1 4 3 5 2 , 4 1 1 4 , 6 7 2 , 3 - 9 4 8 , 6 8 e m i t r e v O 2 0 6 4 3 8 , , 2 3 1 $ 4 5 9 , 6 6 5 , 4 $ 0 5 5 , 0 9 4 , 6 $ 9 4 6 , 8 6 1 , 7 5 $ 6 9 7 , 8 1 2 , 4 $ 9 6 9 , 5 6 6 , 0 1 $ 4 7 0 , 6 3 9 , 5 $ 0 1 6 , 7 8 7 , 3 4 $ l a t o T : n o i t i n g o c e r e u n e v e r f o g n i m i t e h T 1 3 r e b m e c e D d e d n e s r a e y e h t r o F 8 1 0 2 9 1 0 2 7 5 0 , 2 9 1 , 9 7 3 6 , 1 3 7 5 , 5 4 5 , 2 4 6 , 3 2 1 $ 9 9 7 , , 0 9 8 7 1 1 $ 2 0 6 , 4 3 8 , 2 3 1 $ 6 3 4 , , 2 2 6 3 2 1 $ t n e r r u c , s t e s s a t c a r t n o C . i s e c n a l a b t c a r t n o C . b t c u d o r P y B r e f a W s r e h t O l a t o T f o s A 9 9 3 1 8 $ , 8 1 0 2 - 9 9 3 1 8 $ , ) 1 5 4 , 5 5 3 ( 8 3 6 , 6 3 4 $ 7 8 1 , 1 8 $ 8 1 0 2 ) 3 3 0 , 8 4 3 ( 3 2 3 , 4 5 4 $ 0 9 2 , 6 0 1 $ 9 1 0 2 , 1 y r a u n a J , 1 3 r e b m e c e D , 1 3 r e b m e c e D s e c i v r e s d n a s d o o g f o s e l a S e c n a w o l l a s s o L : s s e L t e N o t l a u q e t n u o m a n a t a y l i r a m i r p y n a p m o C e h t y b d e s s e s s a s a w e c n a w o l l a s s o l e h T e h t m o r f d e t l u s e r y l n i a m s a w e c n a w o l l a s s o l e h T . s e s s o l t i d e r c d e t c e p x e e m i t e f i l e h t t s n i a g a ) J O D ( e c i t s u J f o t n e m t r a p e D s e t a t S d e t i n U e h t y b d e l i f t n e m t c i d n i o t r e f e r e s a e l P . t n e m e e r g a t n e m p o l e v e d y g o l o n h c e t t n i o j e h t o t d e t a l e r y n a p m o C . ) 5 ( 9 e t o N 303 Financial Review o t d e t r o p e r e r e w 8 1 0 2 r o f n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e f o s n o i t u b i r t s i d e h T d n a s e e y o l p m e f o s n o i t u b i r t s i d e h t e l i h w , 9 1 0 2 , 2 1 e n u J n o g n i t e e m ’ s r e d l o h k c o t s e h t s r o t c e r i D f o d r a o B e h t h g u o r h t d e v o r p p a e r e w 9 1 0 2 r o f n o i t a s n e p m o c ’ s r o t c e r i d : s w o l l o f s a e r a n o i t u b i r t s i d f o s l i a t e d e h T . 0 2 0 2 , 6 2 y r a u r b e F n o g n i t e e m 4 2 6 , 7 9 5 2 , 0 1 5 3 8 , 0 0 4 , 1 $ 2 5 9 , 2 3 1 , 1 $ 8 1 0 2 9 1 0 2 h s a C – n o i t a s n e p m o c ’ s e e y o l p m E n o i t a s n e p m o c ’ s r o t c e r i D g n i r u d d e t r o p e r 8 1 0 2 r o f n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e d e n o i t n e m e r o f a e h T s r o t c e r i D f o d r a o B e h t f o s n o i t u l o s e r e h t h t i w t n e t s i s n o c e r e w g n i t e e m ’ s r e d l o h k c o t s e h t . 9 1 0 2 , 6 h c r a M n o d l e h g n i t e e m n a c n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e d e n o i t n e m e r o f a e h t o t t n a v e l e r n o i t a m r o f n I . E S W T e h t f o e t i s b e w e h t n o ” m e t s y S t s o P n o i t a v r e s b O t e k r a M “ e h t m o r f d e n i a t b o e b 6 g n i d u l c n i h t o b , 8 5 5 , 5 1 d n a 9 8 5 , 4 1 e r e w s e e y o l p m e s ’ y n a p m o C e h t f o r e b m u n e h T . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a s r o t c e r i d e e y o l p m e - n o n . b 3 7 2 , 2 5 9 4 8 3 , 3 1 4 5 3 , 3 4 2 4 8 3 , 3 1 9 1 9 , 8 0 7 5 1 8 , 1 5 9 - 9 3 3 , 7 1 9 1 7 , 8 4 2 9 3 3 , 7 1 - 6 9 0 , 3 0 7 o t n o i t a r e n u m e R s r o t c e r i d e c n a r u s n i n o i s n e P e r a s e s n e p x e n o i t a z i t r o m a d n a n o i t a i c e r p e d , t i f e n e b e e y o l p m e s ’ y n a p m o C e h T : s w o l l o f s a d e z i r a m m u s . a , 1 3 r e b m e c e D d e d n e s r a e y e h t r o F 8 1 0 2 9 1 0 2 l a t o T s e s n e p x e s t s o c l a t o T s e s n e p x e s t s o c g n i t a r e p O g n i t a r e p O g n i t a r e p O g n i t a r e p O 0 5 1 , 1 9 8 , 0 2 $ 0 8 2 , 2 7 2 , 6 $ 0 7 8 , 8 1 6 , 4 1 $ 9 7 2 , 0 7 9 , 9 1 $ 2 6 7 , 0 1 0 , 6 $ 7 1 5 , 9 5 9 , 3 1 $ t i f e n e b e e y o l p m E s e s n e p x e s e i r a l a S 7 6 5 , 4 3 1 , 1 1 2 6 , 1 1 3 6 4 9 , 2 2 8 5 0 1 , 3 2 1 , 1 2 3 7 , 9 0 3 3 7 3 , 3 1 8 h t l a e h d n a r o b a L s e s n e p x E d n a s t s o C g n i t a r e p O ) 9 1 ( 304 ' s y n a p m o C e h T . y l e v i t c e p s e r , n o i l l i m 1 $ T N d n a n o i l l i m 2 $ T N e r e w 8 1 0 2 d n a 9 1 0 2 h t o b e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f s e s n e p x e y r a l a s e g a r e v a d e d n e r a e y e h t r o f t n e m t s u j d a e s n e p x e y r a l a s e g a r e v a ' s y n a p m o C e h T . n o i l l i m 1 $ T N , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f s e s n e p x e t i f e n e b e e y o l p m e e g a r e v a ' s y n a p m o C e h T . c . % 2 y b d e s a e r c n i 9 1 0 2 , 1 3 r e b m e c e D s e s n e p x E d n a e m o c n I g n i t a r e p O r e h t O t e N ) 0 2 ( ) 3 5 9 , 7 9 ( $ 9 4 8 , 8 6 1 2 3 7 , 2 4 1 ) 8 7 0 , 3 7 ( 0 5 5 , 0 4 1 $ 8 1 0 2 ) 7 7 2 , 2 2 1 ( $ 9 1 0 2 2 3 8 , 7 7 5 4 2 , 8 9 8 0 3 , 7 3 1 8 0 1 , 1 9 1 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D ) 6 0 8 , 6 9 8 ( $ 8 1 0 2 2 0 7 , 4 2 1 ) 4 0 1 , 2 7 7 ( $ 4 1 6 , 4 6 9 $ 9 1 0 2 4 6 5 , 2 5 8 7 1 , 7 1 0 , 1 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D t n e m p i u q e d n a t n a l p , y t r e p o r p f o l a s o p s i d n o n i a G y t r e p o r p m o r f s s o l l a t n e r t e N s t n a r g t n e m n r e v o G s r e h t O l a t o T s e s n e p x E d n a e m o c n I g n i t a r e p O - n o N ) 1 2 ( s e s s o l d n a s n i a g r e h t O . a d n a s t e s s a l a i c n a n i f f o n o i t a u l a v n o ) s s o l ( n i a G s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s e i t i l i b a i l s r e h t O l a t o T 2 6 4 , 0 9 2 1 7 3 , 1 7 1 9 0 , 9 1 2 3 1 4 , 9 0 3 0 2 5 , 1 8 3 9 8 , 7 2 2 e e y o l p m e r e h t O 1 7 4 , 4 9 8 , 1 9 8 5 , 4 9 1 , 1 2 8 8 , 9 9 6 5 7 0 , 2 7 8 , 1 9 8 3 , 9 8 1 , 1 6 8 6 , 2 8 6 0 2 9 , 5 1 5 , 6 3 6 6 7 , 3 8 2 , 2 4 5 1 , 2 3 2 , 4 3 0 7 7 , 7 6 4 , 1 3 0 9 3 , 3 6 3 , 1 0 8 3 , 4 0 1 , 0 3 s e s n e p x e t i f e n e b n o i t a i c e r p e D n o i t a z i t r o m A ’ s r o t c e r i d d n a s e e y o l p m e e h t , n o i t a r o p r o c n I f o s e l c i t r A s ’ y n a p m o C e h t o t g n i d r o c c A : r e d r o g n i w o l l o f e h t n i d e t u b i r t s i d e b l l a h s n o i t a s n e p m o c d n a n o i t a s n e p m o c ’ s e e y o l p m e s a t i f o r p f o % 5 n a h t s s e l o n e t a c o l l a l l a h s y n a p m o C e h T r a e y l a c s i f e l b a t i f o r p h c a e r o f n o i t a s n e p m o c ’ s r o t c e r i d s a t i f o r p f o % 1 . 0 n a h t e r o m o n n o i t a s n e p m o c ’ s e e y o l p m e d e n o i t n e m e r o f a e h T . s e s s o l e v i t a l u m u c y n a g n i t t e s f f o r e t f a s e i r a i d i s b u s s ’ y n a p m o C e h t f o s e e y o l p m e e h T . h s a c r o s e r a h s n i d e t u b i r t s i d e b l l i w d e t n a r g e b y a m s r o t c e r i D f o d r a o B e h t y b d e t a l u p i t s s t n e m e r i u q e r c i f i c e p s l l i f l u f o h w e h T . h s a c n i n o i t a s n e p m o c e v i e c e r y l n o y a m s r o t c e r i D . n o i t a s n e p m o c h c u s f o d r a o B e h t f o g n i t e e m a t a e t o v y t i r o j a m a y b d e t p o d a n o i t u l o s e r a y b , y a m y n a p m o C e h t e t u b i r t s i d , s r o t c e r i d f o r e b m u n l a t o t e h t f o s d r i h t - o w t y b d e d n e t t a s r o t c e r i D ’ s r e d l o h k c o t s e h t o t t r o p e r d n a n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e d e n o i t n e m e r o f a . n o i t u b i r t s i d h c u s r o f g n i t e e m r o t i f o r p e h t n i n o i t a s n e p m o c ’ s r o t c e r i d d n a s e e y o l p m e e h t s e z i n g o c e r y n a p m o C e h T . 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f d e n r a e n e h w s d o i r e p e h t g n i r u d s s o l f o s e l c i t r A e h t n o i t a r e d i s n o c o t n i g n i k a t y b t n u o m a e h t s e t a m i t s e s r o t c e r i D f o d r a o B e h T f o f o d r a o B e h t f I . s e g a r e v a y r t s u d n i d n a s n o i t a l u g e r t n e m n r e v o g , n o i t a r o p r o c n I r e b m u n e h t , k c o t s h g u o r h t n o i t a s n e p m o c e e y o l p m e e t u b i r t s i d o t s e v l o s e r s r o t c e r i D e h t y b d e d i v i d n o i t a s n e p m o c e e y o l p m e l a t o t n o d e s a b d e t a l u c l a c s i d e t u b i r t s i d k c o t s f o d r a o B e h t f I . g n i t e e m s r o t c e r i D f o d r a o B e h t e r o f e b y a d e h t f o e c i r p g n i s o l c e z i n g o c e r l l i w y n a p m o C e h t , y l t n a c i f i n g i s s e t a m i t s e e h t s e i f i d o m y l t n e u q e s b u s s r o t c e r i D . d o i r e p t n e u q e s b u s e h t n i s s o l r o t i f o r p e h t n i t n e m t s u j d a n a s a e g n a h c e h t United Microelectronics Corporation | Annual Report 2019 r e h t O r e h t O e v i s n e h e r p m o c e v i s n e h e r p m o c n o i t a c i f i s s a l c e R 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F , ) s s o l ( e m o c n i x a t e m o c n I , ) s s o l ( e m o c n i s t n e m t s u j d a g n i r u d g n i s i r A x a t f o t e n t c e f f e x a t e r o f e b d o i r e p e h t g n i r u d d o i r e p e h t ) 4 0 5 , 5 4 0 , 1 ( $ - $ ) 4 0 5 , 5 4 0 , 1 ( $ - $ ) 4 0 5 , 5 4 0 , 1 ( $ n o s e c n e r e f f i d e g n a h c x E : s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b y a m t a h t s m e t I ) 2 7 5 , 6 9 1 , 2 ( 2 5 2 , 8 ) 4 2 8 , 4 0 2 , 2 ( - ) 4 2 8 , 4 0 2 , 2 ( e v i s n e h e r p m o c r e h t o f o e r a h S n g i e r o f f o n o i t a l s n a r t s n o i t a r e p o , s e i r a i d i s b u s f o ) s s o l ( e m o c n i s e r u t n e v t n i o j d n a s e t a i c o s s a s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b y a m h c i h w e v i s n e h e r p m o c r e h t o l a t o T 8 9 9 , 3 2 4 , 3 $ ) 8 0 0 , 0 5 1 ( $ 6 0 0 , 4 7 5 , 3 $ - $ 6 0 0 , 4 7 5 , 3 $ ) s s o l ( e m o c n i r e h t O e v i s n e h e r p m o c r e h t O e v i s n e h e r p m o c n o i t a c i f i s s a l c e R 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F , ) s s o l ( e m o c n i x a t e m o c n I , ) s s o l ( e m o c n i s t n e m t s u j d a g n i r u d g n i s i r A x a t f o t e n t c e f f e x a t e r o f e b d o i r e p e h t g n i r u d d o i r e p e h t ) 3 1 4 , 2 2 ( $ 7 4 6 , 2 3 $ ) 0 6 0 , 5 5 ( $ - $ ) 0 6 0 , 5 5 ( $ d e n i f e d f o s t n e m e r u s a e m e R : s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n l l i w t a h t s m e t I 4 7 3 , 3 0 5 , 1 6 2 5 , 4 4 8 4 8 , 8 5 4 , 1 ) 8 5 0 , 2 ( 4 1 5 ) 2 7 5 , 2 ( ) 2 7 2 , 5 4 4 ( 7 9 6 , 4 3 ) 9 6 9 , 9 7 4 ( - - - 8 4 8 , 8 5 4 , 1 s e s s o l r o s n i a g d e z i l a e r n U s n a l p n o i s n e p t i f e n e b s t n e m u r t s n i y t i u q e m o r f t a d e r u s a e m s t n e m t s e v n i r e h t o h g u o r h t e u l a v r i a f e m o c n i e v i s n e h e r p m o c ) 2 7 5 , 2 ( g n i g d e h n o s e s s o l r o s n i a G ) 9 6 9 , 9 7 4 ( e v i s n e h e r p m o c r e h t o f o e r a h S t o n l l i w h c i h w s t n e m u r t s n i y l t n e u q e s b u s d e i f i s s a l c e r e b s s o l r o t i f o r p o t d n a s e t a i c o s s a , s e i r a i d i s b u s l l i w h c i h w s e r u t n e v t n i o j r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n f o ) s s o l ( e m o c n i s s o l d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 5 0 3 , 2 5 3 6 6 , 0 1 7 $ - 2 1 1 4 7 8 , 1 6 4 5 9 , 4 2 8 $ 5 5 1 5 3 4 , 2 6 1 2 8 2 8 , 8 8 2 , 3 4 2 0 9 , 2 7 6 $ 1 0 6 , 1 6 8 $ ) e t o N ( s e i t i l i b a i l e s a e L s e s n e p x e l a i c n a n i F s r e h t O l a t o T s e s n e p x e t s e r e t n I e l b a y a p s d n o B s n a o l k n a B s t s o c e c n a n i F . b . 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T : e t o N ) s s o L ( e m o c n I e v i s n e h e r p m o C r e h t O f o s t n e n o p m o C ) 2 2 ( r e h t O r e h t O e v i s n e h e r p m o c e v i s n e h e r p m o c n o i t a c i f i s s a l c e R 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F , ) s s o l ( e m o c n i x a t e m o c n I , ) s s o l ( e m o c n i s t n e m t s u j d a g n i r u d g n i s i r A x a t f o t e n t c e f f e x a t e r o f e b d o i r e p e h t g n i r u d d o i r e p e h t 2 2 1 , 5 8 $ ) 1 8 2 1 2 ( $ , 3 0 4 , 6 0 1 $ - $ 3 0 4 , 6 0 1 $ d e n i f e d f o s t n e m e r u s a e m e R d e i f i s s a l c e r e b t o n l l i w t a h t s m e t I : s s o l r o t i f o r p o t y l t n e u q e s b u s 5 0 4 , 8 6 4 5 , ) 9 7 9 6 3 1 ( , 4 8 3 , 5 0 6 5 , , 7 4 5 2 1 1 1 , - , 7 4 5 2 1 1 1 , - - 4 8 3 , 5 0 6 , 5 s e s s o l r o s n i a g d e z i l a e r n U s n a l p n o i s n e p t i f e n e b r i a f t a d e r u s a e m s t n e m t s e v n i s t n e m u r t s n i y t i u q e m o r f e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v 7 4 5 , 2 1 1 , 1 e v i s n e h e r p m o c r e h t o f o e r a h S , s e i r a i d i s b u s f o ) s s o l ( e m o c n i s e r u t n e v t n i o j d n a s e t a i c o s s a o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n l l i w h c i h w s s o l r o t i f o r p 305 Financial Review d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 2 1 0 , 1 1 $ ) 1 8 2 , 1 2 ( $ n o i s n e p t i f e n e b d e n i f e d f o s t n e m e r u s a e m e R s n a l p 8 9 9 , 1 3 ) 9 7 9 , 6 3 1 ( y t i u q e m o r f s e s s o l r o s n i a g d e z i l a e r n U ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o f o s t n e n o p m o c o t d e t a l e r x a t e m o c n I . i i : s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n l l i w t a h t s m e t I ) i ( 4 1 5 2 4 7 , 9 3 8 1 1 , 9 2 - - - r i a f t a d e r u s a e m s t n e m t s e v n i s t n e m u r t s n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v e m o c n i ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o f o e r a h S d e i f i s s a l c e r e b t o n l l i w h c i h w s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s f o s s o l r o t i f o r p o t y l t n e u q e s b u s x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D s t n e m u r t s n i g n i g d e h n o s e s s o l r o s n i a G d e i f i s s a l c e r e b t o n l l i w h c i h w s s o l r o t i f o r p o t y l t n e u q e s b u s s e t a r e b t o n l l i w t a h t s m e t i o t d e t a l e r x a t e m o c n I d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 ) 5 5 5 , 8 1 ( $ 2 5 2 , 8 $ ) s s o l ( e m o c n i e v i s n e h e r p m o c r e h t o f o e r a h S 0 6 5 , 6 - x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D e b y a m t a h t s m e t i o t d e t a l e r x a t e m o c n I s e t a r t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s f o d e i f i s s a l c e r e b y a m h c i h w s e r u t n e v s s o l r o t i f o r p o t y l t n e u q e s b u s 4 8 3 , 2 1 1 $ ) 0 6 2 , 8 5 1 ( $ s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r : s s o l r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b y a m t a h t s m e t I ) i i ( r e h t O e v i s n e h e r p m o c r e h t O e v i s n e h e r p m o c n o i t a c i f i s s a l c e R 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F , ) s s o l ( e m o c n i x a t e m o c n I , ) s s o l ( e m o c n i s t n e m t s u j d a g n i r u d g n i s i r A x a t f o t e n t c e f f e x a t e r o f e b d o i r e p e h t g n i r u d d o i r e p e h t 306 , 4 1 6 4 9 0 1 $ , , ) 7 0 4 4 7 0 1 ( , - $ ) 5 9 9 1 1 ( , , 4 1 6 4 9 0 1 $ , , ) 2 1 4 2 6 0 1 ( , - $ - 4 1 6 , 4 9 0 , 1 $ n o s e c n e r e f f i d e g n a h c x E n g i e r o f f o n o i t a l s n a r t s n o i t a r e p o ) 2 1 4 , 2 6 0 , 1 ( e v i s n e h e r p m o c r e h t o f o e r a h S d e i f i s s a l c e r e b y a m t a h t s m e t I r o t i f o r p o t y l t n e u q e s b u s : s s o l d n a s e t a i c o s s a , s e i r a i d i s b u s y a m h c i h w s e r u t n e v t n i o j y l t n e u q e s b u s d e i f i s s a l c e r e b f o ) s s o l ( e m o c n i s s o l r o t i f o r p o t e v i s n e h e r p m o c r e h t o l a t o T 0 5 2 , 8 5 1 $ ) 7 1 4 , 4 1 1 , 1 ( ) 1 2 9 , 4 2 8 ( 3 7 7 , 3 6 1 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 f o x a t e m o c n i t n e r r u c f o t c e p s e r n i s t n e m t s u j d A : ) t i f e n e b ( e s n e p x e x a t e m o c n i d e r r e f e D s d o i r e p r o i r p : ) t i f e n e b ( e s n e p x e x a t e m o c n i t n e r r u C e g r a h c x a t e m o c n i t n e r r u C 3 7 1 , 7 9 3 , 1 9 6 8 , 3 6 4 d n a n o i t a n i g i r o o t d e t a l e r x a t e m o c n i d e r r e f e D s e c n e r e f f i d y r a r o p m e t f o l a s r e v e r ) 7 6 3 , 5 3 3 ( ) 4 3 6 , 6 2 2 ( d n a n o i t i n g o c e r o t d e t a l e r x a t e m o c n i d e r r e f e D x a t d e s u n u d n a s e s s o l x a t f o n o i t i n g o c e r e d s t i d e r c ) 1 8 0 1 3 8 ( , - x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D ) 2 0 5 , 1 ( ) 0 9 3 , 7 3 1 ( 4 8 3 , 8 1 1 ) 6 8 9 , 8 6 2 ( x a t e m o c n i d e r r e f e d s ’ r a e y r o i r p f o t n e m t s u j d A n w o d - e t i r w m o r f g n i s i r a x a t e m o c n i d e r r e f e D x a t d e r r e f e d f o n w o d - e t i r w f o l a s r e v e r r o s t e s s a s e t a r 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f e s n e p x e x a t e m o c n i f o s t n e n o p m o c r o j a m e h T : s w o l l o f s a e r e w 8 1 0 2 d n a . a x a T e m o c n I ) 3 2 ( s s o l r o t i f o r p n i d e d r o c e r ) t i f e n e b ( e s n e p x e x a t e m o c n I . i 8 3 8 , 3 5 0 1 $ , , 9 8 3 0 0 1 $ 9 4 4 , 3 5 9 $ - $ 9 4 4 , 3 5 9 $ ) s s o l ( e m o c n i ) 5 9 9 , 1 1 ( $ 2 5 2 , 8 $ y l t n e u q e s b u s d e i f i s s a l c e r ) 4 3 3 , 4 6 8 ( $ , ) 5 1 5 4 7 5 ( $ s s o l r o t i f o r p n i d e d r o c e r t i f e n e b x a t e m o c n I United Microelectronics Corporation | Annual Report 2019 : s w o l l o f s a e r e w s e i t i l i b a i l d n a s t e s s a x a t e m o c n i d e r r e f e d f o s t n e n o p m o c t n a c i f i n g i S . c y t i u q e o t y l t c e r i d d e g r a h c x a t e m o c n i d e r r e f e D . i i i , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 9 3 5 , 9 9 4 2 9 7 , 5 2 8 4 5 8 , 2 3 2 9 8 2 , 5 8 3 0 7 2 , 3 4 2 9 3 5 , 9 9 4 2 3 4 , 7 9 7 5 8 1 , 9 3 3 0 5 4 , 0 7 5 5 1 5 , 7 1 1 0 5 3 , 6 9 3 , 1 $ 7 7 0 , 1 1 1 , 1 $ s e s s o l n o i t a u l a v y r o t n e v n i r o f e c n a w o l l A s s o l t n e m t s e v n I s t e s s a x a t e m o c n i d e r r e f e D d r a w r o f - y r r a c s s o L n o i t a i c e r p e D s e i t i l i b a i l d n u f e R n o i s n e P 2 4 9 , 3 0 7 , 1 5 4 6 , 8 6 5 , 1 s e l a s y n a p m o c r e t n i n o t i f o r p d e z i l a e r n U 9 6 8 , 6 3 3 4 3 5 , 0 7 2 5 9 , 5 7 4 4 8 0 , 9 3 1 9 3 4 , 4 9 6 , 5 9 7 8 , 8 1 6 , 5 ) 5 9 5 , 5 3 5 ( ) 4 8 5 , 9 2 3 ( ) 7 6 7 , 0 6 4 ( ) 3 9 6 , 9 3 1 ( ) 9 9 5 , 7 ( ) 5 7 1 , 5 6 5 ( ) 6 7 1 , 3 5 4 ( ) 0 9 1 , 0 3 5 ( ) 5 8 4 , 9 6 ( ) 2 9 7 , 1 1 ( s t e s s a x a t e m o c n i d e r r e f e d l a t o T s t i d e r c x a t t n e m t s e v n I s r e h t O s e i t i l i b a i l x a t e m o c n i d e r r e f e D n i a g e g n a h c x e d e z i l a e r n U n o i t p o d n o b e l b i t r e v n o C s r e h t O n i a g t n e m t s e v n I n o i t a i c e r p e D ) 8 3 2 , 3 7 4 , 1 ( ) 8 1 8 , 9 2 6 , 1 ( 1 0 2 , 1 2 2 , 4 $ 1 6 0 , 9 8 9 , 3 $ s e i t i l i b a i l x a t e m o c n i d e r r e f e d l a t o T s t e s s a x a t e m o c n i d e r r e f e d t e N x a t d e r r e f e d f o t n e m e v o M . d d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 ) 1 0 7 , 2 ( 3 9 7 2 9 , 4 7 2 , 4 4 9 2 , 1 2 2 , 4 8 2 6 , 7 7 2 , 4 $ 1 0 2 , 1 2 2 , 4 $ ) 3 3 8 , 1 9 ( 9 8 3 , 0 0 1 ) 9 5 7 , 6 5 ( ) 3 2 5 , 5 ( ) 9 5 5 ( 7 6 9 , 4 ) 3 3 6 , 6 8 ( ) 8 0 0 , 0 5 1 ( 1 0 2 , 1 2 2 , 4 $ 1 6 0 , 9 8 9 , 3 $ d o i r e p e h t g n i r u d s s o l r o t i f o r p n i d e z i n g o c e r s t n u o m A e m o c n i e v i s n e h e r p m o c r e h t o n i d e z i n g o c e r s t n u o m A s n o i t a c i l p p a e v i t c a o r t e r f o t c a p m I 1 y r a u n a J f o s a e c n a l a b d e t s u j d A 1 y r a u n a J f o s a e c n a l a B y t i u q e n i d e z i n g o c e r s t n u o m A 1 3 r e b m e c e D f o s a e c n a l a B s t n e m t s u j d a e g n a h c x E d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 - $ - ) 5 4 ( $ m o r f g n i s i r a e c n e r e f f i d y r a r o p m e t f o l a s r e v e R e h t f o t n e n o p m o c y t i u q e e h t f o n o i t i n g o c e r l a i t i n i t n e m u r t s n i l a i c n a n i f d n u o p m o c ) 4 1 5 ( h c i h w s t n e m u r t s n i g n i g d e h n o s e s s o l r o s n i a G r o t i f o r p o t y l t n e u q e s b u s d e i f i s s a l c e r e b t o n l l i w s s o l ) 9 5 7 , 6 5 ( - x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D ) 9 5 7 , 6 5 ( $ ) 9 5 5 ( $ s e t a r l a t o T s ’ y n a p m o C e h t t a x a t e r o f e b e m o c n i d n a e s n e p x e x a t e m o c n i n e e w t e b n o i t a i l i c n o c e r A . b : s w o l l o f s a s a w e t a r x a t e l b a c i l p p a d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 6 5 6 8 0 2 , , 6 $ 9 9 0 , 3 3 1 , 9 $ 1 3 7 1 4 2 , , 1 0 2 6 , 6 2 8 , 1 e t a r x a t e m o c n i y r o t u t a t s t A x a t e r o f e b e m o c n I ) 7 1 4 , 4 1 1 , 1 ( ) 1 2 9 , 4 2 8 ( f o x a t e m o c n i t n e r r u c f o t c e p s e r n i s t n e m t s u j d A s d o i r e p r o i r p ) 7 6 3 5 3 3 ( , ) 8 1 7 , 0 0 3 ( t n e m t s e v n i d n a d r a w r o f - y r r a c s s o l n i s e g n a h c t e N s t i d e r c x a t ) 3 8 1 5 4 ( , ) 7 4 6 , 5 7 ( r o f s e i t i l i b a i l / s t e s s a x a t d e r r e f e d f o t n e m t s u j d A l a n o i t c i d s i r u j t n e r e f f i d d n a s l a s r e v e r / s n w o d - e t i r w ) 7 3 0 3 3 4 ( , 3 0 6 5 5 4 , ) 0 0 5 4 0 1 ( , 6 5 0 7 3 1 , ) 1 8 0 1 3 8 ( , 1 5 5 5 3 , 0 1 3 9 2 1 , 7 4 0 , 6 0 4 ) 5 2 8 , 3 2 1 ( 0 0 8 , 9 2 1 ) 9 2 0 , 6 1 7 , 1 ( - 4 5 2 , 3 1 4 0 9 , 0 9 s e t a r x a t n i s e g n a h c o t d e t a l e r x a t e m o c n i d e r r e f e D s n o i t c i d s i r u j r e h t o n i d l e h h t i w s e x a T s r e h t O d n a e m o c n i e l b a x a t - n o n f o t c e f f e x a T : s e s n e p x e e l b i t c u d e d - n o n s e t a r x a t e m o c n i t p m e x e x a T e m o c n i d n e d i v i D s s o l t n e m t s e v n I s r e h t O , ) 4 3 3 4 6 8 ( $ ) 5 1 5 , 4 7 5 ( $ s s o l r o t i f o r p n i d e d r o c e r t i f e n e b x a t e m o c n I 307 Financial Review d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 0 9 9 , 2 7 0 , 7 $ 4 1 6 , 7 0 7 , 9 $ d e t u l i d - e r a h s r e p s g n i n r a E . b n o i t u l i d f o t c e f f E e m o c n i t e N 9 4 3 , 3 8 2 1 2 1 , 9 8 2 s d n o b e l b i t r e v n o c d e r u c e s n U 9 3 3 , 6 5 3 , 7 $ 5 3 7 , 6 9 9 , 9 $ s r e d l o h k c o t s s ’ y n a p m o C e h t o t e l b a t u b i r t t a e m o c n I 0 8 8 , 3 0 1 , 2 1 8 0 1 , 5 8 7 , 1 1 r o f s k c o t s n o m m o c f o r e b m u n e g a r e v a - d e t h g i e W 1 1 5 , 7 3 1 9 9 5 , 3 4 2 , 1 7 4 0 , 0 9 9 2 7 , 5 9 2 , 1 r e t f a s k c o t s n o m m o c f o r e b m u n e g a r e v a - d e t h g i e W ) s e r a h s d n a s u o h t ( e r a h s r e p s g n i n r a e c i s a b s d n o b e l b i t r e v n o c d e r u c e s n U n o i t a s n e p m o c ’ s e e y o l p m E n o i t u l i d f o t c e f f E 0 9 9 , 4 8 4 , 3 1 4 8 8 , 0 7 1 , 3 1 ) s e r a h s d n a s u o h t ( n o i t u l i d s n r u t e r x a t e m o c n i , 9 1 0 2 , 1 3 r e b m e c e D f o s A . y t i r o h t u A x a T . . . C O R e h t y b d e v o r p p a h g u o r h t s e i t i r o h t u a x a t e h t y b n o i t a n i m a x e e h t d e t e l p m o c n e e b s a h h c n a r b e r o p a g n i S f o f o s n r u t e r x a t e m o c n i e h t f o e m o c t u o e h t t a h t n o i t i s o p x a t n i a t r e c n u n a s i e r e h T . 4 1 0 2 f o s e i r t n u o c e v i t c e p s e r e h t f o s e i t i r o h t u a x a t e h t y b d e t p e c c a e b t o n y a m y n a p m o C e h t t n e r r u c d n a x a t e m o c n i d e r r e f e d f o t n e m e r u s a e m d n a n o i t i n g o c e r e h t r o F . s n o i t a r e p o d n a s e t a m i t s e , s t n e m g d u j g n i t n u o c c a t n a c i f i n g i s d e v l o v n i h c i h w x a t e m o c n i . ) 5 ( 5 e t o N o t r e f e r e s a e l p , s n o i t p m u s s a l l i w n o i t p m e x e x a t e m o c n i e h T . s n o i t a r e p o f o n o i s n a p x e e h t m o r f d e v i r e d e m o c n i o t t c e p s e r h t i w s d o i r e p l a r e v e s r o f n o i t p m e x e x a t e m o c n i d e t n a r g s a w y n a p m o C e h T . f . 0 2 0 2 , 1 3 r e b m e c e D n o e r i p x e e h T . s n o i t c i d s i r u j n g i e r o f r e h t o d n a n a w i a T n i n o i t a x a t o t t c e j b u s s i y n a p m o C e h T d n a d e s s e s s a n e e b e v a h 6 1 0 2 o t p u s r a e y l a c s i f e h t l l a r o f s n r u t e r x a t e m o c n i s ’ y n a p m o C . e 308 o n h c i h w r o f s e c n e r e f f i d y r a r o p m e t e l b i t c u d e d , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A 5 4 3 , 1 $ T N d n a 0 $ T N o t d e t n u o m a d e z i n g o c e r n e e b e v a h s t e s s a x a t e m o c n i d e r r e f e d 5 5 . 0 $ 6 7 . 0 $ ) D T N ( d e t u l i d - e r a h s r e p s g n i n r a E . y l e v i t c e p s e r , n o i l l i m s e i t i v i t c A g n i c n a n i F m o r f g n i s i r A s e i t i l i b a i L f o n o i t a i l i c n o c e R ) 5 2 ( d e z i n g o c e r n u f o s e c n e r e f f i d y r a r o p m e t e l b a x a t e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A o t d e t n u o m a s e i r a i d i s b u s n i s t n e m t s e v n i h t i w d e t a i c o s s a s e i t i l i b a i l x a t d e r r e f e d : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F . y l e v i t c e p s e r , n o i l l i m 6 3 0 , 1 1 $ T N d n a n o i l l i , m 9 8 3 1 1 $ T N f o s A , 1 3 r e b m e c e D s r e h t O n g i e r o F s e g n a h c h s a c - n o N f o s A , 1 y r a u n a J 0 5 8 , 5 5 3 , 1 $ 0 0 0 , 0 0 4 , 4 9 1 0 2 - $ - ) A e t o N ( e g n a h c x e s w o l F h s a C 9 1 0 2 s m e t I ) 0 6 6 , 1 5 ( $ 0 6 8 , 2 2 $ 0 5 6 , 4 8 3 , 1 $ s n a o l m r e t - t r o h S ) 0 8 1 , 0 8 1 ( 0 8 1 , 0 8 5 , 3 0 0 0 , 0 0 0 , 1 n o i t r o p t n e r r u c ( s n a o l m r e t - g n o L ) d e d u l c n i e h t , 8 1 0 2 m o r f e v i t c e f f e , t c A x a T e m o c n I . . C O R . e h t o t s t n e m d n e m a e h t o t g n i d r o c c A d e t u b i r t s i d n u % 0 1 e h t d n a , % 0 2 o t % 7 1 m o r f d e s i a r s i e t a r x a t e m o c n i e t a r o p r o c . % 5 o t d e r e w o l s i x a t s g n i n r a e c i s a b - e r a h s r e p s g n i n r a E . a e r a h S r e P s g n i n r a E ) 4 2 ( 6 1 4 , 1 8 7 , 8 3 ) 6 6 7 , 6 9 ( - ) 0 0 0 , 0 0 5 , 2 ( 2 8 1 , 8 7 3 , 1 4 t n e r r u c ( e l b a y a p s d n o B 1 1 7 , 4 9 1 ) 7 4 3 , 9 1 6 ( 7 7 1 , 1 8 4 8 , 0 9 1 3 3 0 , 2 2 6 s t i s o p e d e e t n a r a u G ) d e d u l c n i n o i t r o p 2 0 1 , 7 3 2 , 3 1 4 4 , 3 9 0 , 0 2 5 6 2 , 7 1 1 3 1 2 , 1 8 3 8 0 4 , 4 ) 2 4 6 , 2 6 4 ( 1 7 0 , 8 7 5 , 3 ) 7 2 1 , 8 9 6 ( - 5 5 3 , 0 1 4 , 0 2 t n e r r u c n o n - s e i t i l i b a i l n o i t r o p t n e r r u c ( s e i t i l i b a i l e s a e L l a i c n a n i f r e h t O ) d e d u l c n i d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 0 9 9 , 2 7 0 , 7 $ 4 1 6 , 7 0 7 9 $ , r o f s e r a h s y r a n i d r o f o r e b m u n e g a r e v a - d e t h g i e W e m o c n i t e N 0 8 8 , 3 0 1 , 2 1 8 0 1 , 5 8 7 1 1 , ) s e r a h s d n a s u o h t ( e r a h s r e p s g n i n r a e c i s a b 8 5 0 $ . 2 8 0 $ . ) D T N ( c i s a b - e r a h s r e p s g n i n r a E . g . h . i United Microelectronics Corporation | Annual Report 2019 d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 4 9 5 , 1 7 8 1 8 8 , 7 2 2 8 6 , 0 3 8 9 4 0 , 0 4 1 7 2 , 7 6 6 , 5 6 2 6 , 2 8 1 , 5 5 8 5 , 7 0 1 , 7 5 $ 5 3 3 , 6 3 7 , 7 4 $ 1 3 3 , 4 7 6 , 3 6 $ 2 9 6 , 9 8 7 , 3 5 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 2 7 2 , 2 1 3 , 7 $ 6 0 7 , 7 3 9 , 5 $ 8 7 8 , 5 8 6 6 2 , 4 0 5 8 , 6 5 9 0 4 5 , 9 7 8 2 , 3 9 3 8 5 , 4 5 6 - ) 0 8 1 , 1 1 ( 6 6 2 , 9 5 3 , 8 6 1 1 , 5 9 6 , 6 6 6 2 , 9 5 3 , 8 $ 6 3 9 , 3 8 6 , 6 $ s n o i t c a s n a r T y t r a P d e t a l e R t n a c i f i n g i S ) 2 ( s n o i t c a s n a r t g n i t a r e p O s e u n e v e r g n i t a r e p O . a - A S U C M U s e i r a i d i s b u S s e t a i c o s s A s r e h t O l a t o T e c n a w o l l a s s o L : s s e L - A S U C M U s e i r a i d i s b u S s e t a i c o s s A s r e h t O l a t o T t e N e h T n i t n e m e e r g a l a u t u m h g u o r h t d e n i m r e t e d s a w s e i t r a p d e t a l e r e v o b a e h t o t e c i r p s e l a s d e t a l e r o t s e l a s c i t s e m o d r o f d o i r e p n o i t c e l l o c e h T . s n o i t i d n o c t e k r a m o t e c n e r e f e r s a w s e l a s s a e s r e v o r o f d o i r e p n o i t c e l l o c e h t e l i h w , s y a d 0 6 ~ 0 3 d n e - h t n o m e r e w s e i t r a p 1 7 7 , 0 3 3 $ 3 8 4 , 2 9 2 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 1 7 0 3 0 , 8 7 8 2 , 1 8 4 2 9 5 8 6 1 , 8 9 5 1 , 0 4 3 $ 1 9 2 , 1 0 3 $ ) s e i t i l i b a i l t n e r r u c r e h t o r e d n u d e i f i s s a l c ( s e i t i l i b a i l d n u f e R . s y a d 0 6 ~ 0 3 t e n - A S U C M U s e i r a i d i s b u S s e t a i c o s s A s r e h t O l a t o T 3 3 0 2 2 6 , 7 4 7 , 5 2 1 6 6 1 , 3 1 ) 8 4 9 , 2 4 ( 8 6 0 , 6 2 5 f o s A , 1 3 r e b m e c e D s r e h t O 0 5 6 4 8 3 , , 1 $ 0 0 0 0 0 0 , , 1 8 1 0 2 - $ - ) A e t o N ( 2 8 1 8 7 3 , , 1 4 1 5 5 , 0 6 3 - - 4 4 6 , 5 2 2 6 5 3 , 4 7 7 ) 0 0 0 , 0 0 5 , 7 ( 1 3 6 , 7 1 5 , 8 4 s e g n a h c h s a c - n o N : 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F n g i e r o F e g n a h c x e f o s A , 1 y r a u n a J s w o l F h s a C 8 1 0 2 s m e t I ) 0 5 4 , 7 9 ( $ ) 0 5 2 , 6 2 8 , 5 ( $ 0 5 3 , 8 0 3 , 7 $ s n a o l m r e t - t r o h S n o i t r o p t n e r r u c ( s n a o l m r e t - g n o L ) d e d u l c n i n o i t r o p t n e r r u c ( e l b a y a p s d n o B ) d e d u l c n i s t i s o p e d e e t n a r a u G n o i t r o p t n e r r u c ( l a i c n a n i f r e h t O ) d e d u l c n i t n e r r u c n o n - s e i t i l i b a i l y n a p m o C e h t h t i w p i h s n o i t a l e R s e i t r a p d e t a l e r f o e m a N y b d e r u s a e m n o i t a z i t r o m a t n u o c s i d f o d e t s i s n o c y l n i a m s e g n a h c h s a c - n o n r e h t O . d o h t e m t s e r e t n i e v i t c e f f e e h t : A e t o N . t n e r r u c n o n - s e i t i l i b a i l l a i c n a n i f r e h t o n o s l i a t e d e r o m r o f ) 4 ( 9 e t o N o t r e f e r e s a e l P : B e t o N g n i r u d s e i t r a p d e t a l e r d n a y n a p m o C e h t n e e w t e b s n o i t c a s n a r t f o y r a m m u s a s i g n i w o l l o f e h T S N O I T C A S N A R T Y T R A P D E T A L E R . 7 s e i t r a P d e t a l e R f o p i h s n o i t a l e R d n a e m a N ) 1 ( : s d o i r e p g n i t r o p e r l a i c n a n i f e h t y r a i d i s b u S y r a i d i s b u S y r a i d i s b u S y r a i d i s b u S y r a i d i s b u S y r a i d i s b u S I N O I T A R O P R O C S C N O R T C E L E O R C M K E T E V A W I . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C N A P A J R O T C U D N O C M E S D E T I N U I D E T I M I L H T R A E N E E R G N A P A J P U O R G C M U ) - A S U C M U ( ) A S U ( P U O R G C M U y r a i d i s b u S . D T L , . O C ) G N O D N A H S ( I R O T C U D N O C M E S S D D E T I N U y r a i d i s b u S e t a i c o s s A e t a i c o s s A s e i r a i d i s b u S s t i d n a . P R O C Y G O L O N H C E T Y A D A R A F N O I T A R O P R O C L A T I P A C T H G N K R T I I . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I r o t c e r i d s ’ y n a p m o C e h T . P R O C S M E T S Y S D E T A R G E T N I N O C I L I S s e i t r a p d e t a l e r r e h t O s e i t r a p d e t a l e r r e h t O s e i t r a p d e t a l e r r e h t O . D T L , . I O C R O T C U D N O C M E S N O I S I V D E T I N U N O I T A R O P R O C K S A M P N D S C N O R T O H P I . P R O C R O T C U D N O C M E S I P U I 309 t e n , e l b a v i e c e r s t n u o c c A 5 5 3 0 1 4 , , 0 2 7 8 7 , 0 8 3 ) 1 5 5 , 6 5 4 ( - 9 1 1 , 6 8 4 , 0 2 Financial Review 3 6 5 , 2 9 4 $ 8 1 0 2 2 0 3 , 8 4 4 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A e r u t i d n e p x e k s a m f o s e l b a y a p r e h t O s r e h t O s r e h t o o t d e d i v o r p e e t n a r a u G / t n e m e s r o d n E d n a s r e h t o o t d e d i v o r p g n i c n a n i F . d . 2 t n e m h c a t t A d n a 1 t n e m h c a t t A o t r e f e r e s a e l P n o i t a s n e p m o c l e n n o s r e p t n e m e g a n a m y e K . e - 8 3 9 , 3 7 1 6 , 5 8 2 $ 8 1 0 2 1 9 7 , 3 9 2 6 4 3 , 3 8 5 $ - 7 4 1 , 2 0 9 9 , 9 5 1 $ 9 1 0 2 5 3 1 , 2 6 2 7 2 , 4 2 2 $ d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D s t i f e n e b e e y o l p m e m r e t - t r o h S s t i f e n e b t n e m y o l p m e - t s o P s t i f e n e b n o i t a n i m r e T t n e m y a p d e s a b - e r a h S l a t o T L A R E T A L L O C S A D E G D E L P S T E S S A . 8 ) s ( t e s s a h c i h w o t y t r a P e g d e l p f o e s o p r u P d e g d e l p s a w 8 1 0 2 9 1 0 2 s m e t I y t u d s m o t s u C e e t n a r a u g s m o t s u C 0 0 0 , 9 0 8 $ 5 3 0 , 0 1 8 $ s t i s o p e D e l b a d n u f e R ) t i s o p e d e m T ( i d n a l r o f l a r e t a l l o C n o i t a r t s i n i m d A k r a P e c n e i c S 3 0 6 , 0 2 2 1 6 3 , 1 3 3 s t i s o p e D e l b a d n u f e R e s a e l ) t i s o p e d e m T ( i e s a e l y r o t i m r o d ) t i s o p e d e m T ( i r o f l a r e t a l l o C n o i t a r t s i n i m d A k r a P e c n e i c S 9 7 5 , 9 1 0 1 5 , 9 1 s t i s o p e D e l b a d n u f e R s e c r u o s e r y g r e n E s s e n i s u B s a G l a r u t a N d e i f e u q i L 4 8 0 , 7 3 5 8 7 , 1 4 s t i s o p e D e l b a d n u f e R e e t n a r a u g n a w i a T , n o i t a r o p r o C C P C , n o i s i v i D ) t i s o p e d e m T ( i e c n a m r o f r e p k n a B e e t n a r a u g a n i h C f o k n a B 0 0 0 , 0 0 0 , 1 0 0 0 , 0 0 0 , 1 s t i s o p e D e l b a d n u f e R ) t i s o p e d e m T ( i : l a r e t a l l o c s a d e g d e l p y n a p m o C e h t f o s t e s s a s t s i l e l b a t g n i w o l l o f e h T t n u o m A g n i y r r a C , 1 3 r e b m e c e D f o s A 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 8 1 0 2 9 1 0 2 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F / l a s o p s i D d e r r e f e D n i a g l a s o p s i D t n u o m a m e t I d n a t n a l p , y t r e p o r p f o l a s o p s i D s e i r a i d i s b u S 2 2 4 , 5 4 $ 2 9 0 , 7 8 2 $ t n e m p i u q e 8 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o F / l a s o p s i D d e r r e f e D n i a g l a s o p s i D t n u o m a m e t I d n a t n a l p , y t r e p o r p f o l a s o p s i D s e i r a i d i s b u S 1 9 9 , 2 1 $ , 3 3 4 1 7 2 $ t n e m p i u q e s t e s s a e l b i g n a t n i f o n o i t i s i u q c A e c i r p e s a h c r u P d e d n e s r a e y e h t r o F , 1 3 r e b m e c e D 0 1 6 , 0 0 2 $ 3 6 4 , 9 3 3 $ 8 1 0 2 9 1 0 2 d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i f o s e t a i c o s s A n o i t i s i u q c A . 0 1 m e t I g n i t n u o c c A r o j a M o t r e f e r e s a e l P s r e h t O . c e r u t i d n e p x e k s a M t n e m p i u q e d n a t n a l p , y t r e p o r p f o l a s o p s i D s n o i t c a s n a r t t e s s a t n a c i f i n g i S . b 310 6 6 2 , 6 8 0 , 2 $ 1 9 6 , 2 0 2 , 2 $ l a t o T 5 3 2 , 7 7 5 , 1 $ 5 8 0 , 5 5 7 1 $ , s r e h t O United Microelectronics Corporation | Annual Report 2019 t r o p m i d n a , l l e s , e r u t c a f u n a m o t e s a e c y l e t a i d e m m i t s u m s t n a d n e f e d o w t e h t t a h t g n i d l o h e h t y b d e l i f t i u s w a l e h T . y n a p m o C e h t f o s t h g i r t n e t a p e h t e g n i r f n i t a h t s t c u d o r p . l a i r t n o l l i t s s i y n a p m o C n a d e l a e s n u ) ” J O D “ ( s e t a t S d e t i n U e h t f o e c i t s u J f o t n e m t r a p e D e h t , 8 1 0 2 , 1 r e b m e v o N n O . D T L , . O C T I U C R I C D E T A R G E T N I A U H N I J N A I J U F , y n a p m o C e h t t s n i a g a t n e m t c i d n i r e m r o f o w t d n a e e y o l p m e t n e r r u c e n o g n i d u l c n i , s l a u d i v i d n i e e r h t d n a , ) ” A U H N I J “ ( e d a r t l a e t s o t d e r i p s n o c s r e h t o d n a y n a p m o C e h t t a h t g n i g e l l a , y n a p m o C e h t f o s e e y o l p m e s a w t a h t y g o l o n h c e t p o l e v e d o t n o i t a m r o f n i t a h t d e s u d n a , N O R C M I f o s t e r c e s t n i a l p m o c l i v i c a d e l i f J O D e h t , y a d e m a s e h t n O . A U H N I J o t d e r r e f s n a r t y l t n e u q e s b u s s t c u d o r p y n a s e t a t S d e t i n U e h t o t g n i t r o p x e m o r f s t n a d n e f e d d e n o i t n e m e r o f a e h t g n i n i o j n e e h t g n i t n e v e r p d n a A U H N I J r o y n a p m o C e h t y b d e r u t c a f u n a m M A R D g n i n i a t n o c l i v i c d n a t n e m t c i d n i e h T . e s l e e n o y n a o t s t e r c e s e d a r t e h t g n i r r e f s n a r t m o r f s t n a d n e f e d s r e w s n a e r a p e r p o t l e s n u o c d e t n i o p p a s a h y n a p m o C e h T . l a i r t n o l l i t s e r a t n i a l p m o c y g o l o n h c e t t n i o j e h t d e d n e p s u s s a h y n a p m o C e h t , s e d i s e B . s e g r a h c e s e h t t s n i a g a y r a n i m i l e r p e h t n i l l i t s e r a s n o i t a g i t i l e s e h t n e v i G . A U H N I J h t i w s e i t i v i t c a t n e m p o l e v e d . t c a p m i r o e m o c t u o e l b a b o r p d n a g n i d e e c o r p l a g e l e h t s s e s s a t o n n a c y n a p m o C e h t , s e g a t s d n a 4 3 9 1 f o t c A e g n a h c x E s e i t i r u c e S r e d n u d e l i f s a w , s e v i t u c e x e l a r e v e s d n a n o i t a r o p r o C e h T n O . k r o Y w e N f o t c i r t s i D n r e h t u o S e h t r o f t r u o C t c i r t s i D s e t a t S d e t i n U e h t n i 5 - b 0 1 e l u R . 9 1 0 2 , 3 2 y a M n o l e s n u o c f f i t n i a l p d a e l d e v o r p p a d n a f f i t n i a l p d a e l a d e t n i o p p a t r u o c t n i a l p m o c d e d n e m a ’ s f f i t n i a l p f o e c i v r e s e h t d e v i e c e r y n a p m o C e h t , 9 1 0 2 , 7 2 r e b m e t p e S n i l l i t s s i n o i t a g i t i l s i h t n e v i G . s e r u d e c o r p t n a v e l e r e h t e r a p e r p o t l e s n u o c d e t n i o p p a d n a e l b a b o r p d n a g n i d e e c o r p l a g e l e h t s s e s s a t o n n a c y n a p m o C e h t , s e g a t s y r a n i m i l e r p e h t s c i n o r t c e l e o r c i M d e t i n U . v r e y e M d e l y t s n o i t c a s s a l c e v i t a t u p a , 9 1 0 2 , 4 1 h c r a M n O ) 6 ( . t c a p m i r o e m o c t u o k r o Y w e N f o t c i r t s i D n r e h t u o S e h t r o f t r u o C t c i r t s i D s e t a t S d e t i n U e h t n i t n i a l p m o c a d e l i f e h t h t i w e c n a d r o c c a n i s e e f e s n e c i l y g o l o n h c e t e h t y a p o t d e l i a f y n a p m o C e h t t a h t g n i g e l l a ) M B I ( N O I T A R O P R O C I S E N H C A M S S E N I S U B L A N O I T A N R E T N I , 6 1 0 2 , 1 y l u J n O ) 7 ( o t g n i t n u o m a , e e t n a r a u g x a t s m o t s u c d n a s n o i t a g i t i l e h t o t d e t a l e r y l n i a m , e e t n a r a u g e c n a m r o f r e p n e p o o t s e t u t i t s n i l a i c n a n i f d e t s u r t n e y n a p m o C e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A ) 1 ( . n o i l l i b 1 . 1 $ T N f o s t c a r t n o c t n e m p o l e v e d d n a s t n e m e e r g a e s n e c i l t n e t a p l a r e v e s o t n i d e r e t n e y n a p m o C e h T f o s A . n o i l l i b 7 . 0 1 $ T N y l e t a m i x o r p p a f o t n u o m a t c a r t n o c l a t o t a r o f y t r e p o r p l a u t c e l l e t n i s a w d e z i n g o c e r t e y t o n s e e f t n e m p o l e v e d d n a s e i t l a y o r f o n o i t r o p e h t , 9 1 0 2 , 1 3 r e b m e c e D . n o i l l i b 3 . 1 $ T N s t i o t f o n o i s n a p x e e h t r o f s t c a r t n o c n o i t c u r t s n o c l a r e v e s o t n i d e r e t n e y n a p m o C e h T d e t n u o m a s t c a r t n o c n o i t c u r t s n o c e s e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A . s n o i t a r e p o s a w d e z i n g o c e r t e y t o n s t c a r t n o c e h t f o n o i t r o p e h t d n a n o i l l i b 2 . 1 $ T N y l e t a m i x o r p p a . n o i l l i b 2 . 0 $ T N y l e t a m i x o r p p a ) 2 ( ) 3 ( I & C N O R T C E L E N A I J U F d n a t n e m n r e v o G s ’ e l p o e P l a p i c i n u M n e m a i X h t i w t n e m e e r g a y r d n u o f r e f a w ’ ’ 2 1 n o s u c o f l l i w h c i h w y n a p m o c a m r o f o t P U O R G N O I T A M R O F N I y a w - 3 a n i e t a p i c i t r a p o t 4 1 0 2 r e b o t c O n i d e v l o s e r y n a p m o C e h t f o s r o t c e r i D f o d r a o B e h T ) 4 ( S T N E M T I M M O C T C A R T N O C D E Z I N G O C E R N U D N A S E I C N E G N I T N O C T N A C I F I N G I S . 9 . . C O R . d e n i a t b o s e i r a i d i s b u s d n a y n a p m o C e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A . s e c i v r e s n i n o i l l i b 3 8 . B M R d e t s e v n i d n a t n e m t s e v n i e h t r o f l a v o r p p a s ’ y t i r o h t u a t n e m n r e v o g e h t n o d e s a b , e r o m r e h t r u F . % 2 2 . 5 6 f o t s e r e t n i p i h s r e n w o g n i t n e s e r p e r , M X C S U t n e r r u c n o n r e h t o n i y t i l i b a i l l a i c n a n i f a d e z i n g o c e r y n a p m o C e h t , t n e m e e r g a M X C S U n i s t n e m t s e v n i r i e h t f o s r o t s e v n i r e h t o e h t m o r f e s a h c r u p e h t r o f s r e h t o - s e i t i l i b a i l , n o i l l i b 9 4 . B M R o t g n i t n u o m a y l l a t o t t s e r e t n i s u l p t s o c t n e m t s e v n i l a n i g i r o r i e h t t a e h t y b e d a m t n e m y a p t n e m l a t s n i t s a l e h t g n i w o l l o f ) 2 2 0 2 ( r a e y h t n e v e s e h t m o r f g n i n n i g e b . s r o t s e v n i r e h t o d e s a b y n a p m o C e h t d e t c i d n i e c i f f O s r o t u c e s o r P t c i r t s i D g n u h c i a T e h t , 7 1 0 2 , 1 3 t s u g u A n O ) 5 ( . m u n n a r e p % 2 1 f o t s e r e t n i h t i w n o i l l i m 0 1 $ S U d e m i a l c d n a t n e m e e r g a e s n e c i l y g o l o n h c e t y n a p m o C e h t f o s e e y o l p m e t a h t g n i g e l l a , . . C O R . f o t c A t e r c e S e d a r T e h t n o s e t a t S d e t i n U e h t y b 7 1 0 2 , 5 1 r e b m e t p e S n o d e u s s i t n e m g d u j a d e l a e p p a y n a p m o C e h T s e t a t S d e t i n U e h T . r e t t a m t c e j b u s e h t r o f k r o Y w e N f o t c i r t s i D n r e h t u o S f o t r u o C t c i r t s i D , 9 1 0 2 , 1 1 h c r a M n o r e d r o y r a m m u s a e d a m t i u c r i C d n o c e S e h t r o f s l a e p p A f o t r u o C , 9 1 0 2 , 7 2 h c r a M n O . e s a c e h t d e d n a m e r d n a t n e m g d u j s ’ t r u o c t c i r t s i d e h t f o t r a p d e t a c a v e h t w e r d h t i w y l l a u t u m d n a M B I h t i w t n e m e l t t e s n o i l l i m 8 . 3 D S U a d e h c a e r y n a p m o C e h t S T N E V E T N E U Q E S B U S T N A C I F I N G I S . 1 1 S S O L R E T S A S I D T N A C I F I N G I S . 0 1 . n o i t a g i t i l . e n o N , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H f o s r o t c e r i D f o d r a o B e h t , 0 2 0 2 , 1 1 y r a u r b e F n O R O T C U D N O C M E S I D E T I N U f o n o i t c e j n i l a t i p a c e h t n i e t a p i c i t r a p o t d e v l o s e r . D T L . n o i l l i b 5 . 3 B M R f o t n u o m a t n e m t s e v n i l a t o t a t a s e g a t s n i . D T L , . O C ) N E M A X I ( n O . ) ” N O R C M I “ ( . C N I Y, G O L O N H C E T N O R C M I f o s t e r c e s e d a r t e h t d e t a i r p o r p p a s i m y n a p m o C e h t t s n i a g a e s u a c r a l i m i s h t i w n o i t c a l i v i c a d e l i f N O R C M I , 7 1 0 2 , 5 r e b m e c e D d e m i a l c N O R C M I . a i n r o f i l a C f o t c i r t s i D n r e h t r o N , t r u o C t c i r t s i D s e t a t S d e t i n U e h t h t i w t r u o c e h t d e t s e u q e r d n a s e e f t n a v e l e r d n a s e g a m a d e l b e r t , s e g a m a d l a u t c a e h t o t t n e m e l t i t n e e h T . n o i t s e u q n i s t e r c e s e d a r t s t i g n i s u m o r f y n a p m o C e h t s n i o j n e t a h t r e d r o n a e u s s i o t s r e w s n a e r a p e r p o t s l e s n u o c d e t n i o p p a s a h y n a p m o C e h t d n a s s e r g o r p n i y l t n e r r u c s i e s a c . s e g r a h c e s e h t t s n i a g a u o h z u F e h t h t i w s n o i t c a t n e m e g n i r f n i t n e t a p e e r h t d e l i f y n a p m o C e h t , 8 1 0 2 , 2 1 y r a u n a J n O d n a . D T L , . O C ) N A ’ I X ( N O R C M I , s r e h t o g n o m a , t s n i a g a t r u o C s ’ e l p o e P e t a i d e m r e t n I e h t r e d r o o t t r u o c e h t g n i t s e u q e r , . D T L , . O C I G N D A R T ) I A H G N A H S ( N O R C M I l l e s o t g n i t t i m m o c d n a , g n i l l e s , g n i t r o p m i , g n i s s e c o r p , g n i r u t c a f u n a m p o t s o t s t n a d n e f e d l l a y o r t s e d o t o s l a d n a , s n o i t s e u q n i s t n e t a p g n i g n i r f n i e h t g n i y o l p e d s t c u d o r p e h t e t a i d e m r e t n I u o h z u F e h t , 8 1 0 2 , 3 y l u J n O . s l o o t d n a s d l o m d e t a l e r d n a s e i r o t n e v n i , s t n a d n e f e d o w t d e n o i t n e m e r o f a e h t t s n i a g a n o i t c n u j n i y r a n i m i l e r p d e t n a r g t r u o C s ’ e l p o e P 311 Financial Review l l i w t n e m u r t s n i l a i c n a n i f a f o s w o l f h s a c e r u t u f r o e u l a v r i a f e h t t a h t k s i r e h t s i k s i r t e k r a M , k s i r y c n e r r u c e s i r p m o c s k s i r t e k r a M . s e c i r p t e k r a m n i s e g n a h c f o e s u a c e b e t a u t c u l f . ) k s i r e c i r p y t i u q e s a h c u s ( k s i r e c i r p r e h t o d n a k s i r e t a r t s e r e t n i k s i r t e k r a M ) 3 ( y l i r a m i r p s e t a l e r s e t a r e g n a h c x e n g i e r o f n i s e g n a h c f o k s i r e h t o t e r u s o p x e s ’ y n a p m o C e h T a n i d e t a n i m o n e d s i e s n e p x e r o e u n e v e r n e h w ( s e i t i v i t c a g n i t a r e p o s ’ y n a p m o C e h t o t t e n s ’ y n a p m o C e h t d n a ) y c n e r r u c l a n o i t c n u f s ’ y n a p m o C e h t m o r f y c n e r r u c t n e r e f f i d . s e i r a i d i s b u s n g i e r o f n i s t n e m t s e v n i s e s a h c r u p m o r f g n i s i r a k s i r y c n e r r u c n g i e r o f e h t n o s e g d e h l a r u t a n s e i l p p a y n a p m o C e h T k s i r y c n e r r u c n g i e r o f e g a n a m o t s t c a r t n o c e g n a h c x e d r a w r o f r o t o p s s e z i l i t u d n a , s e l a s r o . r o n i m s i s e i t i l i b a i l d n a s t e s s a l a i c n a n i f y r a t e n o m o t d e t a l e r s k s i r e h t f o t c e f f e t e n e h t d n a e h t f o t n u o m a e h t s a e m a s e h t e r a s t c a r t n o c y c n e r r u c n g i e r o f e h t f o s t n u o m a l a n o i t o n e h T e g n a h c x e d r a w r o f y n a t u o y r r a c t o n s e o d y n a p m o C e h t , e l p i c n i r p n I . s m e t i d e g d e h y c n e r r u c d r a w r o f n i a t r e c s e t a n g i s e d y n a p m o C e h T . s t n e m t i m m o c n i a t r e c n u r o f s t c a r t n o c k s i r e g n a h c x e y c n e r r u c n g i e r o f o t e r u s o p x e s t i e g d e h o t s e g d e h w o l f h s a c s a s t c a r t n o c , t n e m s s e s s a f o s i s a b e h t n O . s n o i t c a s n a r t t s a c e r o f e l b a b o r p y l h g i h n i a t r e c h t i w d e t a i c o s s a e u l a v e h t d n a s t c a r t n o c e g n a h c x e y c n e r r u c d r a w r o f f o e u l a v e h t t a h t s t c e p x e y n a p m o C e h t n e v i g r o f s n o i t c e r i d e t i s o p p o n i y l l a c i t a m e t s y s e g n a h c l l i w s n o i t c a s n a r t d e g d e h e h t f o s p i h s n o i t a l e r g n i g d e h e s e h t n i s s e n e v i t c e f f e n i e g d e H . s e t a r e g n a h c x e n g i e r o f n i s e g n a h c f o s t n e m e v o m e u l a v r i a f e h t g n i t c a p m i , k s i r t i d e r c ’ s e i t r a p r e t n u o c e h t m o r f s e s i r a y l n i a m d e g r e m e s s e n e v i t c e f f e n i f o s e c r u o s r e h t o o N . s m e t i d e g d e h d n a s t n e m u r t s n i g n i g d e h e h t s e i r a i d i s b u s n g i e r o f n i s t n e m t s e v n i t e n s a , e r o m r e h t r u F . s p i h s n o i t a l e r g n i g d e h e s e h t m o r f . y n a p m o C e h t y b d e g d e h t o n e r a y e h t , s e s o p r u p c i g e t a r t s r o f e r a y c n e r r u c n g i e r o f e g d e h o t y n a p m o C e h t y b d e t a n g i s e d s t c a r t n o c e g n a h c x e d r a w r o f n i a t r e C Y, P J n i C J S U f o s e r a h s l a n o i t i d d a f o e s a h c r u p e h t h t i w d e t a i c o s s a s k s i r e t a r e g n a h c x e e g d e h w o l f h s a c e h T . 8 1 0 2 , 1 3 r e b m e c e D o t r o i r p d e r i p x e , n o i l l i b 3 2 Y P J o t g n i t n u o m a s a d e z i n g o c e r s a w , n o i l l i m ) 3 ( $ T N o t g n i t n u o m a , y t i u q e f o s t n e n o p m o c r e h t o n i e v r e s e r e s a e l P . 9 1 0 2 , 1 r e b o t c O n o C J S U n i % 1 . 4 8 f o t s e r e t n i p i h s r e n w o e h t r o f n o i t a r e d i s n o c . ) 6 ( 6 e t o N o t r e f e r s e t a r e g n a h c x e n g i e r o f n i e g n a h c e l b i s s o p e h t f o s i s y l a n a y t i v i t i s n e s y c n e r r u c n g i e r o f e h T n i d e t a n i m o n e d s m e t i y r a t e n o m t n a c i f i n g i s n o d e m r o f r e p s i t i f o r p s ’ y n a p m o C e h t n o s n e k a e w / s n e h t g n e r t s D T N n e h W . d o i r e p g n i t r o p e r e h t f o d n e e h t f o s a s e i c n e r r u c n g i e r o f 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f t i f o r p e h t , % 0 1 y b D S U t s n i a g a . y l e v i t c e p s e r , n o i l l i m 7 6 3 , 1 $ T N d n a n o i l l i m 9 0 0 , 1 $ T N y b s e s a e r c n i / s e s a e r c e d k s i r y c n e r r u c n g i e r o F 6 6 0 1 0 3 , , 4 $ 7 6 6 1 3 1 , , 1 1 8 1 0 2 8 2 2 , 4 1 1 5 $ , 7 9 5 , 8 8 3 4 1 , 9 1 0 2 , 1 3 r e b m e c e D f o s A 6 3 4 7 3 3 , , 9 5 9 2 0 6 8 4 , , 2 2 5 5 0 3 5 5 , , 2 6 8 7 8 0 7 , , 1 3 0 1 , 0 3 5 6 6 , 2 5 1 , 1 1 3 1 2 , 2 9 3 , 2 3 5 2 , 3 3 9 , 4 0 8 9 3 0 8 1 5 , , 1 0 1 $ 5 0 4 , , 1 8 6 0 1 1 $ , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 - 3 3 0 2 2 6 , 0 5 6 4 8 3 , , 1 $ 5 5 0 6 0 3 , , 9 1 0 0 0 0 0 0 , , 1 2 8 1 8 7 3 , , 1 4 1 1 7 , 4 9 1 0 5 8 , 5 5 3 , 1 $ 2 8 2 , 7 3 6 , 8 1 0 0 0 , 0 0 4 , 4 6 1 4 , 1 8 7 , 8 3 , 2 0 1 7 3 2 3 , 9 9 0 3 2 5 , , 0 2 1 4 4 , 3 9 0 , 0 2 9 1 0 4 1 2 , , 4 8 $ 2 0 8 , 9 9 6 , 6 8 $ s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e m o c n i e v i s n e h e r p m o c ) d n a h n o h s a c s e d u l c x e ( s t n e l a v i u q e h s a c d n a h s a C t s o c d e z i t r o m a t a d e r u s a e m s t e s s a l a i c n a n i F s t e s s A l a i c n a n i F s t e s s a l a i c n a n i f r e h t O s t i s o p e d e l b a d n u f e R s e l b a v i e c e R l a t o T t s o c d e z i t r o m a t a d e r u s a e m s e i t i l i b a i l l a i c n a n i F s e i t i l i b a i L l a i c n a n i F ) d e d u l c n i n o i t r o p t n e r r u c ( s t i s o p e d e e t n a r a u G ) d e d u l c n i n o i t r o p t n e r r u c ( s n a o l m r e t - g n o L ) d e d u l c n i n o i t r o p t n e r r u c ( e l b a y a p s d n o B s n a o l m r e t - t r o h S s e l b a y a P s e i t i l i b a i l l a i c n a n i f r e h t O ) e t o N ( s e i t i l i b a i l e s a e L l a t o T s t n e m u r t s n i l a i c n a n i f f o s e i r o g e t a C ) 1 ( S R E H T O . 2 1 312 o t t o n d e t c e l e y n a p m o C e h T . 9 1 0 2 , 1 y r a u n a J n o 6 1 S R F I d e t p o d a y n a p m o C e h T : e t o N . 6 1 S R F I n i n o i s i v o r p n o i t i s n a r t e h t h t i w e c n a d r o c c a n i s d o i r e p r o i r p e t a t s e r s e i c i l o p d n a s e v i t c e j b o t n e m e g a n a m k s i r l a i c n a n i F ) 2 ( d n a k s i r t i d e r c , k s i r t e k r a m e h t e g a n a m o t e r a s e v i t c e j b o t n e m e g a n a m k s i r s ’ y n a p m o C e h T d n a s e r u s a e m , s e i f i t n e d i y n a p m o C e h T . s e i t i v i t c a g n i t a r e p o s t i o t d e t a l e r k s i r y t i d i u q i l . e c n e r e f e r p k s i r d n a y c i l o p n o d e s a b s k s i r d e n o i t n e m e r o f a e h t s e g a n a m r o f s l o r t n o c l a n r e t n i d n a s e r u d e c o r p , s e i c i l o p e t a i r p o r p p a d e h s i l b a t s e s a h y n a p m o C e h T l a v o r p p a , s e i t i v i t c a l a i c n a n i f t n a c i f i n g i s o t n i g n i r e t n e e r o f e B . t n e m e g a n a m k s i r l a i c n a n i f n o d e s a b t u o d e i r r a c e b t s u m e e t t i m m o C t i d u A d n a s r o t c e r i D f o d r a o B e h t y b s s e c o r p s t i h t i w s e i l p m o c y n a p m o C e h T . s e r u d e c o r p l o r t n o c l a n r e t n i d n a s l o c o t o r p d e t a l e r . s e m i t l l a t a s e i c i l o p t n e m e g a n a m k s i r l a i c n a n i f United Microelectronics Corporation | Annual Report 2019 9 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T s r a e y 5 > 5 o t 4 s r a e y 3 o t 2 s r a e y n a h t s s e L r a e y 1 s r e m o t s u c n e t p o t e h t m o r f e l b a v i e c e r s t n u o c c a , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s A . y l e v i t c e p s e r , y n a p m o C e h t f o e l b a v i e c e r s t n u o c c a l a t o t e h t f o % 3 8 d n a % 4 8 t n e s e r p e r . t n a c i f i n g i s n i s i e l b a v i e c e r s t n u o c c a r e h t o f o k s i r n o i t a r t n e c n o c t i d e r c e h T t n e m e g a n a m k s i r y t i d i u q i L ) 5 ( d n a g n i d n u f f o y t i u n i t n o c n e e w t e b e c n a l a b a n i a t n i a m o t e r a s e v i t c e j b o s ’ y n a p m o C e h T . e s a e l d n a s d n o b , s n a o l k n a b , s t n e l a v i u q e h s a c d n a h s a c f o e s u e h t h g u o r h t y t i l i b i x e l f s e i t i l i b a i l l a i c n a n i f s ’ y n a p m o C e h t f o e l i f o r p y t i r u t a m e h t s e z i r a m m u s w o l e b e l b a t e h T : y t i r u t a m l a u t c a r t n o c d n a s t n e m y a p d e t n u o c s i d n u l a u t c a r t n o c e h t n o d e s a b 0 2 6 , 9 8 3 , 1 $ - $ 1 1 7 , 4 9 1 1 9 1 , 4 6 4 , 8 1 3 4 8 , 9 3 9 , 9 3 4 1 6 , 8 0 5 , 4 4 8 5 , 5 8 7 , 3 - - - - - $ - - - 3 1 1 , 4 1 1 , 1 2 - 6 2 8 , 5 4 4 , 8 7 8 2 , 8 6 6 , 2 1 - 7 4 8 , 0 5 2 , 2 5 8 2 , 4 8 5 3 9 3 , 5 2 6 0 3 0 , 9 6 9 , 3 4 8 5 , 9 3 5 9 5 0 , 5 2 3 1 7 9 , 9 8 6 , 8 5 6 2 , 0 9 5 , 0 1 7 0 6 , 9 5 6 , 0 2 e l b a y a p s d n o B 8 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T s r a e y 5 > 5 o t 4 s r a e y 3 o t 2 s r a e y n a h t s s e L r a e y 1 6 7 6 , 6 9 3 , 9 8 $ 7 4 8 , 0 5 2 , 2 $ 2 8 0 , 0 2 7 , 7 1 $ 2 6 8 , 8 4 9 , 7 2 $ 5 8 8 , 6 7 4 , 1 4 $ l a t o T 5 5 9 , 2 1 4 , 1 $ 9 4 0 , 0 1 1 , 9 1 - $ - - $ - - $ - 3 3 0 , 2 2 6 0 1 0 , 0 0 4 5 8 3 , 5 1 3 7 9 , 3 5 1 5 6 6 , 2 5 9 4 0 , 0 1 1 , 9 1 5 5 9 , 2 1 4 , 1 $ s n a o l m r e t - t r o h S s e i t i l i b a i l l a i c n a n i f e v i t a v i r e d - n o N s t i s o p e d e e t n a r a u G s e l b a y a P s t i s o p e d s e l b a y a P e e t n a r a u G s n a o l m r e t - g n o L s e i t i l i b a i l e s a e L l a i c n a n i f r e h t O s e i t i l i b a i l - $ - 7 8 8 , 5 9 4 2 8 , 8 9 1 9 1 , 4 6 4 , 8 1 0 2 6 , 9 8 3 , 1 $ s n a o l m r e t - t r o h S e v i t a v i r e d - n o N l a i c n a n i f s e i t i l i b a i l t s e r e t n i g n i t a o l f t a g n i w o r r o b m o r f g n i s i r a k s i r e t a r t s e r e t n i o t d e s o p x e s i y n a p m o C e h T t a d e r u s a e m e r a d n a s e t a r t s e r e t n i d e x i f e v a h s d n o b s ’ y n a p m o C e h t f o l l A . s e t a r . s w o l f h s a c e r u t u f e h t t c e f f a t o n d l u o w s e t a r t s e r e t n i n i s e g n a h c , h c u s s A . t s o c d e z i t r o m a k n a b m r e t - g n o l d n a m r e t - t r o h s s ’ y n a p m o C e h t f o s e t a r t s e r e t n i e h t s a , d n a h r e h t o e h t n O e h t t o n t u b s w o l f h s a c e r u t u f e h t t c e f f a d l u o w s e t a r t s e r e t n i n i s e g n a h c , g n i t a o l f e r a s n a o l e h t f o s e t a r t s e r e t n i f o e g n a r e h t r o f ) 2 1 ( 6 d n a ) 1 1 ( 6 , ) 0 1 ( 6 e t o N o t r e f e r e s a e l P . e u l a v r i a f . s n a o l k n a b d n a s d n o b s ’ y n a p m o C d o i r e p g n i t r o p e r a n i e t a r t s e r e t n i f o s t n i o p s i s a b 0 1 f o e g n a h c a , s e t a d g n i t r o p e r e h t t A o t 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f t i f o r p e h t e s u a c d l u o c k s i r e t a r t s e r e t n I k s i r e c i r p t e k r a m o t e l b i t p e c s u s e r a s e i t i r u c e s y t i u q e d e t s i l n u d n a d e t s i l s ’ y n a p m o C e h T s ’ y n a p m o C e h T . s t e k r a m y t i u q e f o e c n a m r o f r e p e r u t u f t u o b a s e i t n i a t r e c n u m o r f g n i s i r a d n a s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f s a d e i f i s s a l c e r a s t n e m t s e v n i y t i u q e . e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f f o s a e u l a v r i a f n i e g n a h c e h t n o d e s a b s i s t n e m u r t s n i y t i u q e e h t r o f s i s y l a n a y t i v i t i s n e s e h T t a s t e s s a l a i c n a n i f d e n o i t n e m e r o f a e h t f o e c i r p e h t n i % 5 f o e g n a h c A . e t a d g n i t r o p e r e h t s ’ y n a p m o C e h t e s a e r c e d / e s a e r c n i d l u o c s e i n a p m o c d e t s i l f o s s o l r o t i f o r p h g u o r h t e u l a v r i a f 1 4 1 $ T N d n a n o i l l i m 4 7 1 $ T N y b 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t r o f t i f o r p . y l e v i t c e p s e r , n o i l l i m 2 $ T N d n a n o i l l i m 6 $ T N y b e s a e r c n i / e s a e r c e d k s i r e c i r p y t i u q E s t e s s a l a i c n a n i f d e n o i t n e m e r o f a e h t f o e c i r p e h t n i % 5 f o e g n a h c A . y l e v i t c e p s e r , n o i l l i m d l u o c s e i n a p m o c d e t s i l f o e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a d e d n e s r a e y e h t r o f e m o c n i e v i s n e h e r p m o c r e h t o s ’ y n a p m o C e h t e s a e r c e d / e s a e r c n i . y l e v i t c e p s e r , n o i l l i m 8 0 4 $ T N d n a n o i l l i m 1 7 6 $ T N y b 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D e h t e r e h W . s e i t r a p d r i h t y h t r o w t i d e r c d n a d e v o r p p a h t i w s e d a r t y l n o y n a p m o C e h T m o r f l a r e t a l l o c t s e u q e r l l i w t i , t i d e r c s s e l e v a h h c i h w s e i t r a p d r i h t h t i w s e d a r t y n a p m o C e r a s m r e t t i d e r c n o e d a r t o t h s i w o h w s r e m o t s u c l l a t a h t y c i l o p s ’ y n a p m o C e h t s i t I . m e h t e l b a v i e c e r s t n u o c c a d n a s e t o n , n o i t i d d a n I . s e r u d e c o r p n o i t a c i f i r e v t i d e r c o t t c e j b u s t i d e r c o t e r u s o p x e s ’ y n a p m o C e h t e s a e r c e d o t s i s a b g n i o g n o n a n o d e r o t i n o m e r a s e c n a l a b t n e m e g a n a m k s i r t i d e r C ) 4 ( y b s n o i t u t i t s n i l a i c n a n i f m o r f s k s i r t i d e r c e h t s e t a g i t i m y n a p m o C . k s i r e h T 2 8 1 , 6 3 2 , 3 4 1 2 0 , 3 6 5 , 8 3 9 3 , 4 8 4 , 8 3 1 9 , 7 8 1 , 3 2 5 5 8 , 0 0 0 , 3 e l b a y a p s d n o B r e t n u o c s t i g n i t i m i l 8 5 4 , 0 6 9 , 1 2 0 3 7 , 9 6 3 , 4 4 8 9 , 7 7 4 , 7 1 - 9 7 6 , 7 2 0 , 1 - - 6 0 3 , 2 8 6 3 7 3 , 5 4 3 4 4 7 , 2 1 1 s n a o l m r e t - g n o L l a i c n a n i f r e h t O s e i t i l i b a i l 6 5 3 , 9 6 3 , 7 8 $ 1 6 7 , 2 3 3 , 3 1 $ 2 6 7 , 7 7 9 , 5 2 $ 2 9 1 , 4 2 0 , 4 2 $ 1 4 6 , 4 3 0 , 4 2 $ l a t o T t i d e r c d o o g h t i w s n o i t u t i t s n i l a i c n a n i f l a n o i t a n r e t n i r o c i t s e m o d e l b a t u p e r y l n o o t s e i t r a p s ’ y n a p m o C e h T . s n o i t u t i t s n i l a i c n a n i f s u o i r a v g n o m a s g n i d l o h s t i g n i d a e r p s d n a g n i d n a t s g n i y r r a c e h t o t d e t i m i l s i s e i t r a p - r e t n u o c f o t l u a f e d e h t m o r f g n i s i r a k s i r t i d e r c o t e r u s o p x e . s t n e m u r t s n i e s e h t f o t n u o m a 313 Financial Review l a i c n a n i f e h t n i d e s o l c s i d r o d e r u s a e m s i e u l a v r i a f h c i h w r o f s e i t i l i b a i l d n a s t e s s a l l A n o d e s a b , s w o l l o f s a d e b i r c s e d , y h c r a r e i h e u l a v r i a f e h t n i h t i w d e z i r o g e t a c e r a s t n e m e t a t s : e l o h w a s a t n e m e r u s a e m e u l a v r i a f e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t r o s t e s s a l a c i t n e d i r o f s t e k r a m e v i t c a n i s e c i r p t e k r a m ) d e t s u j d a n u ( d e t o u Q — 1 ; s e i t i l i b a i l l e v e L e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t h c i h w r o f s e u q i n h c e t n o i t a u l a V — 2 l e v e L e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t h c i h w r o f s e u q i n h c e t n o i t a u l a V — 3 l e v e L ; e l b a v r e s b o y l t c e r i d n i r o y l t c e r i d s i t n e m e r u s a e m e u l a v r i a f . e l b a v r e s b o n u s i t n e m e r u s a e m e u l a v r i a f , s i s a b g n i r r u c e r a n o s t n e m e t a t s l a i c n a n i f e h t n i d e z i n g o c e r e r a t a h t s e i t i l i b a i l d n a s t e s s a r o F y h c r a r e i h e h t n i s l e v e l n e e w t e b d e r r u c c o e v a h s r e f s n a r t r e h t e h w s e n i m r e t e d y n a p m o C e h t r i a f e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t n o d e s a b ( n o i t a z i r o g e t a c g n i s s e s s a - e r y b . d o i r e p g n i t r o p e r h c a e f o d n e e h t t a ) e l o h w a s a t n e m e r u s a e m e u l a v k s i r e t a r e g n a h c x e e h t g n i g d e h r o f s t c a r t n o c e g n a h c x e d r a w r o f o t n i d e r e t n e y n a p m o C e h T e h T . y c n e r r u c n g i e r o f n i d e t a n i m o n e d s e i t i l i b a i l r o s t e s s a y r a t e n o m t e n e h t m o r f g n i s i r a s a d e z i r a m m u s e r a y n a p m o C e h t y b o t n i d e r e t n e s t c a r t n o c e g n a h c x e d r a w r o f f o s l i a t e d t n e m e g a n a m k s i r y c n e r r u c n g i e r o F ) 6 ( 314 9 1 0 2 , 1 3 r e b m e c e D f o s A : s w o l l o f . e n o N 8 1 0 2 , 1 3 r e b m e c e D f o s A : s i s a b g n i r r u c e r a n o e u l a v r i a f t a d e d r o c e r d n a d e r u s a e m s e i t i l i b a i l d n a s t e s s A . a d o i r e P t c a r t n o C t n u o m A l a n o i t o N e p y T ~ 8 1 0 2 , 0 1 r e b m e c e D n o i l l i m 8 2 D S U l l e S s t c a r t n o c e g n a h c x e d r a w r o F 8 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T 3 l e v e L 2 l e v e L 1 l e v e L 9 1 0 2 , 1 3 r e b m e c e D f o s A l a t o T 3 l e v e L 2 l e v e L 1 l e v e L 6 7 4 , 8 6 6 $ - $ - $ 6 7 4 , 8 6 6 $ e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t 2 5 7 , 5 4 4 , 4 1 9 9 , 8 0 6 , 1 5 2 1 , 0 2 6 3 6 , 6 1 8 , 2 e u l a v r i a f t a s t e s s a l a i c n a n i F : s t e s s a l a i c n a n i F 7 9 5 , 8 8 3 , 4 1 9 8 2 , 1 7 9 - 8 0 3 , 7 1 4 , 3 1 e u l a v r i a f t a s t e s s a l a i c n a n i F , s s o l r o t i f o r p h g u o r h t t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t t n e r r u c n o n 9 1 0 2 , 7 y r a u n a J n i y t i l i b a i l a r e f s n a r t o t d i a p r o t e s s a n a l l e s o t d e v i e c e r e b d l u o w t a h t e c i r p e h t s i e u l a v r i a F r i a f e h T . e t a d t n e m e r u s a e m e h t t a s t n a p i c i t r a p t e k r a m n e e w t e b n o i t c a s n a r t y l r e d r o n a r o t e s s a e h t l l e s o t n o i t c a s n a r t e h t t a h t n o i t p m u s e r p e h t n o d e s a b s i t n e m e r u s a e m e u l a v n i r o , y t i l i b a i l r o t e s s a e h t r o f t e k r a m l a p i c n i r p e h t n i r e h t i e e c a l p s e k a t y t i l i b a i l e h t r e f s n a r t . y t i l i b a i l r o t e s s a e h t r o f t e k r a m s u o e g a t n a v d a t s o m e h t n i , t e k r a m l a p i c n i r p a f o e c n e s b a e h t . y n a p m o C e h t y b e l b i s s e c c a e b t s u m t e k r a m s u o e g a t n a v d a t s o m e h t r o l a p i c n i r p e h T t e k r a m t a h t s n o i t p m u s s a e h t g n i s u d e r u s a e m s i y t i l i b a i l a r o t e s s a n a f o e u l a v r i a f e h T s t n e m u r t s n i l a i c n a n i f f o e u l a v r i a F ) 7 ( 2 4 0 , 7 9 4 $ - $ 1 6 5 , 3 $ 1 8 4 , 3 9 4 $ e u l a v r i a f t a s t e s s a l a i c n a n i F 4 2 0 , 4 0 8 , 3 9 6 2 , 4 4 4 , 1 0 0 7 , 6 2 5 5 0 , 3 3 3 , 2 e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t 7 6 6 , 1 3 1 , 1 1 0 9 3 , 5 6 9 , 2 - 7 7 2 , 6 6 1 , 8 e u l a v r i a f t a s t e s s a l a i c n a n i F , s s o l r o t i f o r p h g u o r h t t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t t n e r r u c n o n s ’ t n a p i c i t r a p t e k r a m a t n u o c c a o t n i s e k a t t e s s a l a i c n a n i f - n o n a f o t n e m e r u s a e m e u l a v r i a f A y b r o e s u t s e b d n a t s e h g i h s t i n i t e s s a e h t g n i s u y b s t i f e n e b c i m o n o c e e t a r e n e g o t y t i l i b a . e s u t s e b d n a t s e h g i h s t i n i t e s s a e h t e s u d l u o w t a h t t n a p i c i t r a p t e k r a m r e h t o n a o t t i g n i l l e s r o f d n a s e c n a t s m u c r i c e h t n i e t a i r p o r p p a e r a t a h t s e u q i n h c e t n o i t a u l a v s e s u y n a p m o C e h T t n a v e l e r f o e s u e h t g n i z i m i x a m , e u l a v r i a f e r u s a e m o t e l b a l i a v a e r a a t a d t n e i c i f f u s h c i h w . s t u p n i e l b a v r e s b o n u f o e s u e h t g n i z i m i n i m d n a s t u p n i e l b a v r e s b o : s t e s s a l a i c n a n i F . t s e r e t n i t s e b c i m o n o c e r i e h t n i t c a s t n a p i c i t r a p t e k r a m t a h t g n i m u s s a , y t i l i b a i l r o t e s s a e h t g n i c i r p n e h w e s u d l u o w s t n a p i c i t r a p United Microelectronics Corporation | Annual Report 2019 ) s s o l ( t i f o r p s ’ y n a p m o C e m o c n i e v i s n e h e r p m o c , 1 3 r e b m e c e D d e d n e r a e y e h t r o f ) s s o l ( n o i l l i m 0 8 $ T N y b 8 1 0 2 , n o i l l i m 6 9 1 $ T N d n a . y l e v i t c e p s e r r e h t o d n a r i a f d e n o i t n e m e r o f a e h t r e w o l e h t d e t s i l n u f o s e u l a v r i a f d e t a m i t s e d l u o c s k c o t s s i e u l a v e h t e s a e r c n i / e s a e r c e d . d e n i m r e t e d ) s s o l ( t i f o r p s ’ y n a p m o C e m o c n i e v i s n e h e r p m o c , 1 3 r e b m e c e D d e d n e r a e y e h t r o f ) s s o l ( n o i l l i m 5 8 $ T N y b 9 1 0 2 , n o i l l i m 3 5 $ T N d n a . y l e v i t c e p s e r r e h t o d n a r i a f d e n o i t n e m e r o f a e h t r e w o l e h t d e t s i l n u f o s e u l a v r i a f d e t a m i t s e d l u o c s k c o t s s i e u l a v e h t e s a e r c n i / e s a e r c e d . d e n i m r e t e d y h c r a r e i h e u l a v r i a f f o t u o d n a o t n i r e f s n a r t e h t e z i n g o c e r o t y c i l o p s ’ y n a p m o C e h T . r e f s n a r t e h t d e s u a c t a h t s e c n a t s m u c r i c n i s e g n a h c r o t n e v e e h t n o d e s a b s i s l e v e l e u l a v r i a f 3 l e v e L n i t n e m e r u s a e m e u l a v r i a f f o s t u p n i e l b a v r e s b o n u t n a c i f i n g i S : w o l l o f s a e r e w y h c r a r e i h 9 1 0 2 , 1 3 r e b m e c e D f o s A e h t f o y t i l i b a t e k r a m y, t i l i b a t e k r a m f o y t i l i b a t e k r a m n e e w t e b p i h s n o i t a l e r r e t n i s t u p n i n e e w t e b e v i t a t i t n a u Q e l b a v r e s b o n u n o i t a u l a V y t i u q e e u l a v r i a f d n a s t u p n i e u l a v r i a f d n a n o i t a m r o f n i s t u p n i e u q i n h c e t s e i t i r u c e s f o s i s y l a n a y t i v i t i s n e S p i h s n o i t a l e r r e t n I t n a c i f i n g i S f o y r o g e t a C f o k c a l r o f t n u o c s i d k c a l f o e e r g e d f o k c a l h c a o r p p A k c o t s e h t n i % 5 f o e g n a h c A r e t a e r g e h T % 0 3 ~ % 0 2 r o f t n u o c s i D t e k r a M d e t s i l n U 8 1 0 2 , 1 3 r e b m e c e D f o s A e h t f o y t i l i b a t e k r a m y, t i l i b a t e k r a m f o y t i l i b a t e k r a m n e e w t e b p i h s n o i t a l e r r e t n i s t u p n i n e e w t e b e v i t a t i t n a u Q e l b a v r e s b o n u n o i t a u l a V y t i u q e e u l a v r i a f d n a s t u p n i e u l a v r i a f d n a n o i t a m r o f n i s t u p n i e u q i n h c e t s e i t i r u c e s f o s i s y l a n a y t i v i t i s n e S p i h s n o i t a l e r r e t n I t n a c i f i n g i S f o y r o g e t a C f o k c a l r o f t n u o c s i d k c a l f o e e r g e d f o k c a l h c a o r p p A k c o t s e h t n i % 5 f o e g n a h c A r e t a e r g e h T % 0 3 ~ % 0 2 r o f t n u o c s i D t e k r a M d e t s i l n U t a s t e s s a l a i c n a n i f d n a s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f f o s e u l a v r i a F e r a 1 l e v e l o t n i d e z i r o g e t a c e r a t a h t e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f e h t , t e k r a m e v i t c a o n s i e r e h t f I . s t e k r a m e v i t c a n i s e c i r p t e k r a m d e t o u q e h t n o d e s a b h c a o r p p a e m o c n i ( s e u q i n h c e t n o i t a u l a v e h t g n i s u y b e u l a v r i a f e h t s e t a m i t s e y n a p m o C g n i s i a r d n u f t n e c e r , t s a c e r o f w o l f h s a c f o n o i t a r e d i s n o c n i ) h c a o r p p a t e k r a m d n a t e k r a m , t n e m p o l e v e d s ’ y n a p m o c l a u d i v i d n i , s e i n a p m o c r a l i m i s f o n o i t a u l a v , s e i t i v i t c a r o e l a s e h t n o s n o i t c i r t s e r e r a e r e h t f I . s r o t a c i d n i c i m o n o c e r e h t o d n a s n o i t i d n o c e h t f o e u l a v r i a f e h t , t e s s a e h t f o c i t s i r e t c a r a h c a e r a h c i h w , t e s s a l a i c n a n i f a f o r e f s n a r t d e t o u q ’ s t e s s a l a i c n a n i f d e t c i r t s e r n u t u b r a l i m i s n o d e s a b d e n i m r e t e d e b l l i w t e s s a f i , s e u l a v r i a f e r u s a e m o T . s n o i t c i r t s e r e h t r o f s t n u o c s i d e t a i r p o r p p a h t i w e c i r p t e k r a m r o y l t c e r i d s i t n e m e r u s a e m e u l a v r i a f e h t o t t n a c i f i n g i s s i t a h t t u p n i l e v e l t s e w o l e h t e u l a v r i a f e h t f o 2 l e v e L s a d e i f i s s a l c e r a s t e s s a l a i c n a n i f e h t n e h t , e l b a v r e s b o y l t c e r i d n i . 3 l e v e L s a e s i w r e h t o , y h c r a r e i h t n a c i f i n g i s o n e r e w e r e h t , 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D d e d n e s r a e y e h t g n i r u D . s t n e m e r u s a e m e u l a v r i a f 2 l e v e L d n a 1 l e v e L n e e w t e b s r e f s n a r t s a e r e w y h c r a r e i h e u l a v r i a f 3 l e v e L n i t n e m e r u s a e m e u l a v r i a f r o f s n o i t a i l i c n o c e R : s w o l l o f 7 8 8 , 9 0 3 ) 2 3 5 , 8 ( 9 1 4 , 8 1 3 ) 8 8 9 , 3 0 3 , 2 ( - ) 8 8 9 , 3 0 3 , 2 ( - - - - - - - 2 2 7 , 4 6 1 2 2 7 , 4 6 1 9 8 2 , 1 7 9 $ 4 9 4 , 5 7 1 $ 5 9 7 , 5 9 7 $ 1 9 9 , 8 0 6 , 1 $ 1 9 9 , 8 0 6 , 1 $ - - - - $ e m o c n i e v i s n e h e r p m o c r e h t o d e r r e f e r P n o m m o C s s o l r o t i f o r p n o m m o C h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 0 9 3 , 5 6 9 , 2 $ 6 2 0 , 4 8 1 $ 4 6 3 , 1 8 7 , 2 $ 9 6 2 , 4 4 4 , 1 $ 9 6 2 , 4 4 4 , 1 $ - $ l a t o T k c o t s k c o t s l a t o T k c o t s n o i t p O e m o c n i e v i s n e h e r p m o c r e h t o d e r r e f e r P n o m m o C s s o l r o t i f o r p n o m m o C h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F l a t o T k c o t s k c o t s l a t o T k c o t s n o i t p O e m o c n i e v i s n e h e r p m o c 9 1 0 2 , 1 y r a u n a J f o s A t i f o r p n i d e z i n g o c e R r e h t o n i d e z i n g o c e R ) s s o l ( l a s o p s i D 9 1 0 2 , 1 3 r e b m e c e D f o s A 0 8 3 , 5 2 1 , 3 $ 6 2 3 , 3 3 2 $ 4 5 0 , 2 9 8 , 2 $ 6 2 0 , 7 8 6 , 1 $ 1 2 4 , 5 5 6 , 1 $ 5 0 6 , 1 3 $ 8 1 0 2 , 1 y r a u n a J f o s A - - - ) 7 8 6 , 4 2 1 ( ) 2 8 0 , 3 9 ( ) 5 0 6 , 1 3 ( t i f o r p n i d e z i n g o c e R ) 0 9 9 , 9 5 1 ( ) 0 0 3 , 9 4 ( ) 0 9 6 , 0 1 1 ( - - - - - ) 0 7 0 , 8 1 1 ( ) 0 7 0 , 8 1 1 ( - - e m o c n i e v i s n e h e r p m o c 3 l e v e L f o t u o r e f s n a r T r e h t o n i d e z i n g o c e R 0 9 3 , 5 6 9 , 2 $ 6 2 0 , 4 8 1 $ 4 6 3 , 1 8 7 , 2 $ 9 6 2 , 4 4 4 , 1 $ 9 6 2 , 4 4 4 , 1 $ - $ 8 1 0 2 , 1 3 r e b m e c e D f o s A d l e h l l i t s s t e s s a l a i c n a n i f m o r f ) s s o l ( t i f o r p e h t , e v o b a ) s s o l ( t i f o r p f o t r a p s a d e z i n g o c e R ) 0 9 ( $ T N d n a n o i l l i m 5 6 1 $ T N e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o s a y n a p m o C e h t y b . y l e v i t c e p s e r , n o i l l i m 315 Financial Review , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 ) d n a s u o h t ( e t a R ) d n a s u o h t ( ) d n a s u o h t ( e t a R ) d n a s u o h t ( D T N e g n a h c x E y c n e r r u C D T N e g n a h c x E y c n e r r u C n g i e r o F n g i e r o F 3 0 1 , 0 2 2 , 2 4 6 7 2 . 0 0 1 2 , 2 3 0 , 8 - - - 5 2 0 , 4 8 1 1 4 . 2 2 2 1 2 , 8 4 9 4 , 5 7 1 8 2 . 2 2 7 7 8 , 7 8 3 3 , 9 9 7 $ 7 6 . 0 3 3 6 0 , 6 2 $ 2 7 3 , 7 2 1 , 1 $ 3 0 . 0 3 2 4 5 , 7 3 $ 0 7 6 , 3 7 7 , 9 7 7 . 0 3 6 3 6 , 7 1 3 8 7 6 , 4 7 1 , 9 3 1 . 0 3 3 0 5 , 4 0 3 0 6 5 , 8 7 8 2 8 6 , 3 8 4 7 7 6 , 5 9 8 1 4 . 5 3 9 5 . 2 2 9 5 6 , 3 1 0 5 6 , 9 3 9 0 1 , 0 6 1 7 0 5 , 8 4 8 , 1 4 9 . 3 3 6 4 . 2 2 7 1 7 , 4 3 0 3 , 2 8 5 0 8 2 . 0 1 2 1 , 2 3 1 , 3 4 5 1 , 2 4 5 2 9 7 2 . 0 2 1 8 , 1 4 9 , 1 2 7 7 , 1 1 4 , 0 2 0 5 . 4 5 7 9 , 8 3 5 , 4 3 8 9 , 4 9 0 , 0 2 5 3 . 4 8 8 7 , 3 2 6 , 4 8 8 2 , 2 4 6 3 7 9 , 6 5 4 5 1 , 8 3 7 4 , 4 0 2 4 8 5 ) 4 4 0 , 7 2 3 ( 5 5 8 , 7 8 6 6 , 2 3 5 ) 0 3 5 , 2 2 ( 2 8 2 2 0 8 , 1 s m e t i y r a t e n o M - n o N D S U Y P J D G S s e i t i l i b a i L l a i c n a n i F s m e t i y r a t e n o M n i a g e g n a h c x e e h T m o r f s s o l r o l a i c n a n i f y r a t e n o m s e i t i l i b a i l d n a s t e s s a D S U Y P J R U E D G S B M R D S U Y P J R U E D G S B M R r e h t O n o i t a u l a v a g n i s u r o e c i r p t e k r a m e h t y b d e t a m i t s e s i e l b a y a p s d n o b f o e u l a v r i a f e h T , e c i r p e r a h s g n i d u l c n i s t u p n i e l b a v r e s b o d e s a b - t e k r a m s e s u l e d o m e h T . l e d o m s i s n a o l m r e t - g n o l f o e u l a v r i a f e h T . s e t a r t s e r e t n i e e r f - k s i r d n a d a e r p s t i d e r c , y t i l i t a l o v t n e r r u c s ’ y n a p m o C e h t n o d e s a b , l e d o m w o l f h s a c d e t n u o c s i d g n i s u d e n i m r e t e d . s n a o l r a l i m i s f o s e t a r g n i w o r r o b l a t n e m e r c n i d n a h s a c g n i d u l c n i s t n e m u r t s n i l a i c n a n i f m r e t - t r o h s s ’ y n a p m o C e h t f o s e u l a v r i a f e h T , t n e r r u c - s t e s s a l a i c n a n i f r e h t o , s t i s o p e d e l b a d n u f e r , s e l b a v i e c e r , s t n e l a v i u q e h s a c t n u o m a g n i y r r a c r i e h t e t a m i x o r p p a s t i s o p e d e e t n a r a u g d n a s e l b a y a p , s n a o l m r e t - t r o h s : d e s o l c s i d s i e u l a v r i a f h c i h w r o f t u b e u l a v r i a f t a d e d r o c e r t o n s e i t i l i b a i l d n a s t e s s A . b . r a e y e n o n i h t i w s e i t i r u t a m r i e h t o t e u d 9 1 0 2 , 1 3 r e b m e c e D f o s A g n i r u d s t n e m e r u s a e m e u l a v r i a F g n i s u d o i r e p g n i t r o p e r g n i y r r a C t n u o m a 3 l e v e L 2 l e v e L 1 l e v e L e u l a v r i a F s m e t I 316 , 0 0 0 0 0 4 4 , , 6 1 4 1 8 7 8 3 $ , g n i y r r a C t n u o m a , 2 8 1 8 7 3 1 4 $ , , 0 0 0 0 0 0 1 , - $ - - $ - g n i r u d s t n e m e r u s a e m e u l a v r i a F g n i s u d o i r e p g n i t r o p e r 3 l e v e L 2 l e v e L 1 l e v e L e u l a v r i a F s m e t I 0 0 0 , 0 0 4 4 , - 0 0 0 , 0 0 4 , 4 t n e r r u c ( s n a o l m r e t - g n o L 8 1 0 2 , 1 3 r e b m e c e D f o s A ) d e d u l c n i n o i t r o p , 3 7 8 4 2 2 8 1 $ , 7 4 0 , 7 4 3 , 1 2 $ 0 2 9 , 1 7 5 , 9 3 $ t n e r r u c ( s e l b a y a p s d n o B ) d e d u l c n i n o i t r o p , 9 4 3 5 8 7 7 1 $ , 9 1 0 , 9 2 9 , 3 2 $ 8 6 3 , 4 1 7 , 1 4 $ t n e r r u c ( s e l b a y a p s d n o B ) d e d u l c n i n o i t r o p 0 0 0 , 0 0 0 1 , - 0 0 0 , 0 0 0 , 1 t n e r r u c ( s n a o l m r e 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s e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N . 9 t n e m h c a t t A o t r e f e r e s a e l P : ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c x e ( . 2 1 e t o N o t r e f e r e s a e l P : s n o i t c a s n a r t e v i t a v i r e d d n a s t n e m u r t s n i l a i c n a n i F . f . g . h . i . j a n i h C d n a l n i a M n i t n e m t s e v n I ) 2 ( e m o c n i t e n , n a w i a T m o r f s t n e m t s e v n i f o w o l f t u o d n a w o l f n i d e t a l u m u c c a , t n e m t s e v n i f o , ) s s o l ( e m o c n i t n e m t s e v n i , p i h s r e n w o f o e g a t n e c r e p , y n a p m o c e e t s e v n i f o ) s s o l ( d o h t e m , l a t i p a c f o t n u o m a l a t o t , s t c u d o r p d n a s e s s e n i s u b n i a m , e m a n y n a p m o c e e t s e v n I . a e h T . o i t a r l a t i p a c o t t b e d n o d e s a b l a t i p a c s t i s r o t i n o m y n a p m o C e h t , s r e e p s t i o t r a l i m S i s i t b e d t e n e h T . l a t i p a c l a t o t s t i y b d e d i v i d t b e d t e n s ’ y n a p m o C e h t s a d e t a l u c l a c s i o i t a r h s a c d n a h s a c s u n i m s t e e h s e c n a l a b e h t n o s e i t i l i b a i l l a t o t e h t g n i k a t y b d e v i r e d n i - d i a p l a n o i t i d d a , l a t i p a c g n i d u l c n i ( y t i u q e l a t o t f o s t s i s n o c l a t i p a c l a t o t e h T . s t n e l a v i u q e . t b e d t e n s u l p ) y t i u q e f o s t n e n o p m o c r e h t o d n a s g n i n r a e d e n i a t e r , l a t i p a c a n i a t n i a m o t s i , s d o i r e p g n i t r o p e r e h t r o f d e g n a h c n u s i h c i h w , y g e t a r t s s ’ y n a p m o C e h T s a s o i t a r l a t i p a c o t t b e d e h T . t s o c e l b a n o s a e r h t i w l a t i p a c e s i a r o t r e d r o n i o i t a r e l b a n o s a e r : s w o l l o f s a e r e w 8 1 0 2 d n a 9 1 0 2 , 1 3 r e b m e c e D f o , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 7 9 4 , , 7 1 1 3 9 $ 7 0 6 , 6 4 9 5 9 $ , ) 0 7 1 , 2 4 3 9 5 ( , ) 6 3 8 , 4 3 5 6 6 ( , 7 2 3 , 5 7 7 3 3 , 1 7 7 , 1 1 4 9 2 , 3 2 7 , 9 6 0 6 0 2 , 7 5 3 , 4 0 8 6 0 2 , 0 5 0 , , 5 4 8 9 3 2 $ 8 2 1 , , 6 1 2 6 3 2 $ % 8 0 4 1 . % 5 4 2 1 . s t n e l a v i u q e h s a c d n a h s a C : s s e L s e i t i l i b a i l l a t o T s o i t a r l a t i p a c o t t b e D y t i u q e l a t o T l a t i p a c l a t o T t b e d t e N S E R U S O L C S I D L A N O I T I D D A . 3 1 ) 1 ( n o s t i m i l d n a s g n i n r a e f o e c n a t t i m e r d r a w n i d e t a l u m u c , s t n e m t s e v n i f o t n u o m a g n i y r r a c y b d e r i u q e r s a s e t a i l i f f a s t i d n a y n a p m o C e h t r o f s e r u s o l c s i d l a n o i t i d d a e r a g n i w o l l o f e h T . 0 1 t n e m h c a t t A o t r e f e r e s a e l P : a n i h C d n a l n i a M n i t n e m t s e v n i : u a e r u B s e r u t u F d n a s e i t i r u c e S . . . C O R e h t n i s e e t s e v n i e h t h t i w s n o i g e r d r i h t h g u o r h t s n o i t c a s n a r t t n a c i f i n g i s y l t c e r i d n i r o y l t c e r i D r e h t o d n a , s s o l r o n i a g d e z i l a e r n u , s m r e t t n e m y a p , e c i r p g n i d u l c n i , a n i h C d n a l n i a M e s a e l P : n o i t i d n o c l a i c n a n i f d n a s t l u s e r g n i t a r e p o e h t n o s t c e f f e t n a c i f i n g i s h t i w s t n e v e . 8 t n e m h c a t t A d n a 7 t n e m h c a t t A , 2 t n e m h c a t t A , 1 t n e m h c a t t A o t r e f e r . b e r a p e r p o t d e r i u q e r t o n s i y n a p m o C e h t , s n o i t a l u g e R e h t f o 2 2 e l c i t r A h t i w e c n a d r o c c a n I r e f e r e s a e l P . s t n e m e t a t s l a i c n a n i f y l n o y n a p m o c t n e r a p e h t r o f n o i t a m r o f n i t n e m g e s g n i t a r e p o d n a n o i t a r o p r o C s c i n o r t c e l e o r c i M d e t i n U f o s t n e m e t a t s l a i c n a n i f d e t a d i l o s n o c e h t o t . n o i t a m r o f n i t n e m g e s g n i t a r e p o r o f s e i r a i d i s b u s N O I T A M R O F N I T N E M G E S G N I T A R E P O . 4 1 o t r e f e r e s a e l P : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f s r e h t o o t d e d i v o r p g n i c n a n i F . a . 1 t n e m h c a t t A : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f s r e h t o o t d e d i v o r p e e t n a r a u G / t n e m e s r o d n E . 2 t n e m h c a t t A o t r e f e r e s a e l P t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x e ( 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S . 3 t n e m h c a t t A o t r e f e r e s a e l P : ) e r u t n e v e h t g n i d e e c x e t n u o m a d e t a l u m u c c a h t i w f o d e s o p s i d r o d e r i u q c a s e i t i r u c e s l a u d i v i d n I r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m 0 0 3 $ T N f o r e w o l . 4 t n e m h c a t t A o t r e f e r e s a e l P : 9 1 0 2 , 1 3 0 0 3 $ T N f o r e w o l e h t g n i d e e c x e t n u o m a h t i w e t a t s e l a e r l a u d i v i d n i f o n o i t i s i u q c A e s a e l P : 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m . b . c . d . e . 5 t n e m h c a t t A o t r e f e r 317 Financial Review l a t o t f o t i m L i t n u o m a g n i c n a n i f f o t i m L i t n u o m a g n i c n a n i f y t r a p - r e t n u o c l a u d i v i d n i r o f 3 4 7 , 1 2 7 , 2 8 $ 6 3 4 , 0 8 6 , 0 2 $ ) 2 e t o N ( ) 2 e t o N ( - $ e u l a V m e t I e n o N - $ s s o L e c n a w o l l a l a r e t a l l o C l a r e t a l l o C r o f n o s a e R g n i c n a n i f s s e n i s u B r e v o n r u t - $ o t s e l a s f o t n u o m A ) m o r f s e s a h c r u p ( y t r a p - r e t n u o c l a t o t f o t i m L i t n u o m a g n i c n a n i f f o t i m L i 5 9 4 , 4 2 $ 9 4 3 , 2 $ ) 3 e t o N ( ) 3 e t o N ( t n u o m a g n i c n a n i f y t r a p - r e t n u o c l a u d i v i d n i r o f - $ e u l a V m e t I e n o N 9 4 3 , 2 $ - 9 4 3 , 2 $ s s o L e c n a w o l l a r o f n o s a e R g n i c n a n i f o t s e l a s f o t n u o m A ) m o r f s e s a h c r u p ( y t r a p - r e t n u o c f o e r u t a N g n i c n a n i f d e e n e h T - t r o h s r o f m r e t g n i c n a n i f f o e r u t a N g n i c n a n i f r o f s d e e N n o i t a r e p o % 6 0 . 3 - % 6 5 . 2 0 0 2 , 1 0 2 , 1 $ 0 0 5 , 7 0 5 , 7 $ 0 0 5 , 7 0 5 , 7 $ s e Y e t a r t s e r e t n I l a u t c A t n u o m a d e d i v o r p g n i d n E e c n a l a b m u m i x a M r o f e c n a l a b d o i r e p e h t y t r a P d e t a l e R l a i c n a n i F t n e m e t a t s t n u o c c a r e h t O y t r a p - r e t n u o C r e d n e L . o N ) 1 e t o N ( D E T I N U D E T I N U 0 ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f s r e h t o o t d e d i v o r p g n i c n a n i F ( 1 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 318 N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U % 0 0 . 9 9 4 3 , 2 $ 9 4 3 , 2 $ 9 4 3 , 2 $ e t a r t s e r e t n I l a u t c A t n u o m a d e d i v o r p g n i d n E e c n a l a b m u m i x a M r o f e c n a l a b d o i r e p e h t y t r a P d e t a l e R o N l a i c n a n i F t n e m e t a t s t n u o c c a r e h t O y t r a p - r e t n u o C r e d n e L . o N ) 1 e t o N ( I T N O P G N I P P I T Y G R E N E A R E T 1 s e l b a v i e c e r A P P C O C Y G R E N E , . O C T N E M P O L E V E D C L L , 1 - E P S . D T L . D T L , . O C T N E M P O L E V E D Y G R E N E A R E T . e v o b a e l b a t e h t n i d e t n e s e r p r e d r o e h t n i " 1 " m o r f g n i n n i g e b y l e v i t u c e s n o c d e d o c e r a s e i r a i d i s b u s e h T ) i i ( : s w o l l o f s a d e d o c e r a s e i r a i d i s b u s s t i d n a y n a p m o c t n e r a p e h T : 1 e t o N . " 0 " d e d o c s i y n a p m o c t n e r a p e h T ) i ( s e i t r a p d e t a l e r . D T L , . O C ) N E M A X I ( N O I T A R O P R O C - s e l b a v i e c e r R O T C U D N O C M E S I I S C N O R T C E L E O R C M I . r e w o l s i h c i h w , n o i t a r e p o r o f t n u o m a d e d e e n e h t r o d o i r e p e h t f o s a e u l a v s t e s s a t e n s ' r e d n e l e h t f o % 0 1 d e e c x e t o n l l a h s y t r a p - r e t n u o c l a u d i v i d n i r o f t n u o m a g n i c n a n i f . r e d n e l f o s t n e m e t a t s l a i c n a n i f t s e t a l f o % 0 4 d e e c x e t o n l l a h s t n u o m a g n i c n a n i f l a t o t . d o i r e p e h t f o s a e u l a v s t e s s a t e n s ' r e d n e l e h t f o % 0 1 d e e c x e t o n l l a h s y t r a p - r e t n u o c l a u d i v i d n i r o f t n u o m a g n i c n a n i f . e u l a v t e s s a t e n s ’ y n a p m o C e h t f o % 0 4 d e e c x e t o n l l a h s t n u o m a g n i c n a n i f l a t o t f o t i m L i f o t i m L i f o t i m L i f o t i m L i : 2 e t o N : 3 e t o N United Microelectronics Corporation | Annual Report 2019 6 1 2 , 8 4 2 , 0 1 $ % 8 7 . 8 3 - $ 9 0 6 , 3 1 9 , 3 $ 3 5 3 , 2 3 8 , 8 $ 3 5 3 , 2 3 8 , 8 $ 6 1 2 , 8 4 2 , 0 1 $ l a t o t f o t i m L i d e t a l u m u c c a f o e g a t n e c r e P s t e s s a t e n o t t n u o m a e e t n a r a u g t n e m e s r o d n e / e e t n a r a u g l a i c n a n i f t s e t a l e h t m o r f e u l a v l a r e t a l l o c f o t n u o m A t n u o m a l a u t c A ) 7 e t o N ( t n u o m a t n e m e t a t s t n e m e s r o d n e / e e t n a r a u g d e d i v o r p e c n a l a b g n i d n E d o i r e p ) 7 e t o N ( m u m i x a M t n e m e s r o d n e / e e t n a r a u g e h t r o f e c n a l a b y t r a p g n i v i e c e r r o f t n u o m a f o t i m L i l a t o t f o t i m L i d e t a l u m u c c a f o e g a t n e c r e P s t e s s a t e n o t t n u o m a e e t n a r a u g 1 6 9 , 1 6 0 , 3 9 $ 1 6 9 , 1 6 0 , 3 9 % 6 3 . 0 % 4 7 . 6 - $ - 0 0 9 , 7 4 7 $ ) 5 e t o N ( ) 6 e t o N ( 8 7 3 , 6 9 6 , 3 1 0 0 0 , 8 4 7 $ ) 5 e t o N ( ) 6 e t o N ( 0 2 9 , 3 3 9 , 3 1 t n e m e s r o d n e / e e t n a r a u g l a i c n a n i f t s e t a l e h t m o r f e u l a v l a r e t a l l o c f o t n u o m A t n u o m a l a u t c A ) 4 e t o N ( t n u o m a t n e m e t a t s t n e m e s r o d n e / e e t n a r a u g d e d i v o r p e c n a l a b g n i d n E 0 9 0 , 5 0 1 , 5 1 1 6 9 , 1 6 0 , 3 9 0 0 0 , 8 4 4 , 2 $ 1 6 9 , 1 6 0 , 3 9 $ d o i r e p ) 3 e t o N ( m u m i x a M t n e m e s r o d n e / e e t n a r a u g e h t r o f e c n a l a b y t r a p g n i v i e c e r r o f t n u o m a p i h s n o i t a e l e R ) 2 e t o N ( 2 2 f o t i m L i ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f s r e h t o o t d e d i v o r p e e t n a r a u G / t n e m e s r o d n E ( 2 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U . 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P R O C Y G O L O N H C E T R E W O P X E N o t t n e m e s r o d n e e d i v o r p o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 4 1 0 2 , 4 2 r e b m e c e D n O : 5 e t o N . n o i l l i m 1 4 D S U o t d e t n u o m a t n e m e s r o d n e e h t e s a e r c n i o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 8 1 0 2 , 4 2 r e b o t c O n o , n o i l l i m 2 5 1 D S U o t d e t n u o m a t n e m e s r o d n e e h t e s a e r c n i o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 8 1 0 2 , 7 h c r a M n O . n o i l l i m 0 1 3 D S U o t p u t n u o m a e h t n i k n a B t n e m p o l e v e D a n i h C g n i d u l c n i s k n a b m o r f n a o l d e t a c i d n y s s ' . D T L , . O C ) N E M A X I ( I R O T C U D N O C M E S D E T I N U e e t n a r a u g o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 7 1 0 2 , 2 2 y r a r u b e F n O : 6 e t o N . n o i l l i m 8 4 7 $ T N s a w d e d i v o r p t n u o m a l a u t c a , 9 1 0 2 , 1 3 r e b m e c e D f o s A . n o i l l i m 8 4 7 $ T N o t d e t n u o m a t n e m e s r o d n e e h t e s a e r c n i o t d e v l o s e r s r o t c e r i d f o d r a o b e h t , 8 1 0 2 , 2 1 r e b m e c e D n O . n o i l l i m 6 9 6 , 3 1 $ T N s a w d e d i v o r p t n u o m a l a u t c a , 9 1 0 2 , 1 3 r e b m e c e D f o s A . 9 1 0 2 , 1 3 r e b m e c e D f o s a e u l a v s t e s s a t e n s ' . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H f o h t r o w t e n f o % 5 4 d e e c x e t o n l l a h s y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h T f o t n u o m a e t a g e r g g a e h t d n a , h t r o w t e n ' s y n a p m o C e h t f o % 5 4 d e e c x e t o n l l a h s e k a m o t d e t t i m r e p s i e l o h w a s a y n a p m o C e h t t a h t s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e t a g e r g g a e h T . h t r o w t e n ' s y n a p m o C e h t f o % 5 4 d e e c x e t o n l l a h s y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e . 9 1 0 2 , 1 3 r e b m e c e D f o s a e u l a v s t e s s a t e n s ' . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H f o % 5 4 d e e c x e t o n l l a h s t n u o m a d e e t n a r a u g / d e s r o d n e l a t o t f o t i m L i : 7 e t o N 319 . t c e j o r p n o i t c u r t s n o c a g n i k a t r e d n u f o s e s o p r u p r o f s r e d l i u b t n i o j r o f r o y r t s u d n i e m a s e h t n i y n a p m o c r e h t o n a r o f s e e t n a r a u g / s t n e m e s r o d n e l a u t u m g n i d i v o r p y b s n o i t a g i l b o l a u t c a r t n o c s t i s l l i f l u f t a h t y n a p m o c A . 5 . s e g a t n e c r e p g n i d l o h e r a h s r i e h t o t n o i t r o p o r p n i y n a p m o c d e t s e v n i y l t n i o j r i e h t r o f s e e t n a r a u g / s t n e m e s r o d n e e k a m s r e d l o h e r a h s g n i t u b i r t n o c l a t i p a c l l a t a h t y n a p m o c A . 6 . r e h t o h c a e r o f t c A n o i t c e t o r P r e m u s n o C e h t o t t n a u s r u p s e m o h n o i t c u r t s n o c - e r p r o f t c a r t n o c s e l a s a f o e e t n a r a u g e c n a m r o f r e p a r o f y t i r u c e s l a r e v e s d n a t n i o j s e v l e s m e h t g n o m a e d i v o r p y r t s u d n i e m a s e h t n i s e i n a p m o C . 7 : s w o l l o f s a e r a y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h t n o s g n i l i e c e h t d n a ; r o t n a r a u g / r o s r o d n e f o h t r o w t e n e h t f o % 5 4 d e e c x e t o n l l a h s s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h T : 3 e t o N m o r f g n i s i r a s t n u o m a d e d e e n e h t d e e c x e t o n l l a h s d e n o i t n e m e v o b a s e l u r g n i l i e c e h t t p e c x e , h t i w s s e n i s u b s e o d r o t n a r a u g / r o s r o d n e h c i h w y n a p m o c a r o f s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h T . 2 f o t n u o m a e t a g e r g g a e h t d n a , h t r o w t e n ' s y n a p m o C e h t f o % 5 4 d e e c x e t o n l l a h s e k a m o t d e t t i m r e p s i e l o h w a s a y n a p m o C e h t t a h t s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e t a g e r g g a e h T . y t r a p g n i v i e c e r e h t d n a r o t n a r a u g / r o s r o d n e n e e w t e b s n o i t c a s n a r t e s a h c r u p r o s e l a s l a t o t f o t n u o m a r e h g i h e h t s i h c i h w s g n i l a e d s s e n i s u b . r o t n a r a u g / r o s r o d n e f o h t r o w t e n f o % 5 4 d e e c x e t o n l l a h s y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e f o t n u o m a e h T . 1 . h t r o w t e n ' s y n a p m o C e h t f o % 5 4 d e e c x e t o n l l a h s y t i t n e e l g n i s y n a r o f s e e t n a r a u g / s t n e m e s r o d n e . s e r a h s g n i t o v e h t f o % 0 5 n a h t e r o m s d l o h y l t c e r i d n i d n a y l t c e r i d y n a p m o c c i l b u p e h t h c i h w n i y n a p m o c A . 2 . y n a p m o c c i l b u p e h t n i s e r a h s g n i t o v e h t f o % 0 5 n a h t e r o m s d l o h y l t c e r i d n i d n a y l t c e r i d t a h t y n a p m o c A . 3 . s e r a h s g n i t o v e h t f o e r o m r o % 0 9 , y l t c e r i d n i r o y l t c e r i d , s d l o h y n a p m o c c i l b u p e h t h c i h w n i y n a p m o c A . 4 . s s e n i s u b s e o d t i h c i h w h t i w y n a p m o c A . 1 . 9 1 0 2 , 1 3 r e b m e c e D f o s a e u l a v s t e s s a t e n ' s C M U f o % 5 4 d e e c x e t o n l l a h s t n u o m a t n e m e s r o d n e / e e t n a r a u g l a t o t f o t i m L i : 4 e t o N : g n i w o l l o f e h t f o e n o s a d e s o l c s i d e b d l u o h s s e i t r a p g n i v i e c e r , u a e r u B s e r u t u F d n a s e i t i r u c e S . . . C O R e h t . e v o b a e l b a t e h t n i d e t n e s e r p r e d r o e h t n i " 1 " m o r f g n i n n i g e b y l e v i t u c e s n o c d e d o c e r a s e i r a i d i s b u s e h T . 2 y b d e u s s i " s r e u s s I s e i t i r u c e S y b s t r o p e R l a i c n a n i F f o n o i t a r a p e r P e h t g n i n r e v o G s e n i l e d i u G " e h t o t g n i d r o c c A : 2 e t o N : s w o l l o f s a d e d o c e r a s e i r a i d i s b u s s t i d n a y n a p m o c t n e r a p e h T : 1 e t o N . " 0 " d e d o c s i y n a p m o c t n e r a p e h T . 1 Financial Review e n o N 0 3 7 , 6 4 1 $ e n o N 0 0 5 , 4 8 1 e n o N 0 0 8 , 6 3 2 e n o N 6 4 4 , 0 0 1 e n o N e n o N - - e n o N 1 1 3 , 1 2 5 , 1 e n o N 7 7 5 , 1 3 3 e n o N 4 1 4 , 7 7 2 , 1 e n o N - e n o N 8 7 8 , 2 5 1 e n o N 5 2 1 , 9 6 7 e n o N 0 3 6 , 6 4 3 e n o N 2 9 6 , 6 2 e n o N e n o N e n o N - - - e n o N 5 2 1 , 0 2 e n o N 8 9 8 , 1 6 9 e n o N 5 9 7 , 5 9 7 e n o N 2 1 7 , 7 3 2 , 8 e n o N 3 3 3 , 6 1 6 e n o N 5 6 3 , 1 0 6 , 3 e n o N 4 9 4 , 5 7 1 6 5 . 6 0 7 . 1 6 1 . 1 2 2 . 0 3 6 . 7 1 5 7 . 5 1 9 7 . 9 9 2 . 9 6 6 . 7 1 7 . 4 5 3 . 4 8 6 . 1 8 9 . 0 3 8 . 0 2 7 . 0 - - - 3 7 . 9 1 0 0 . 7 1 3 0 . 3 1 7 6 . 8 0 7 . 2 - s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o - - 0 0 5 , 4 8 1 0 0 8 , 6 3 2 6 4 4 , 0 0 1 1 1 3 , 1 2 5 , 1 7 7 5 , 1 3 3 4 1 4 , 7 7 2 , 1 - 8 7 8 , 2 5 1 5 2 1 , 9 6 7 0 3 6 , 6 4 3 2 9 6 , 6 2 - - - 5 2 1 , 0 2 8 9 8 , 1 6 9 5 9 7 , 5 9 7 0 3 7 , 6 4 1 $ t n u o m a g n i y r r a C 2 8 1 , 8 1 0 0 0 , 8 1 0 0 6 , 1 5 7 6 , 2 3 8 8 , 9 1 1 5 , 7 1 4 4 1 , 2 2 2 9 6 , 6 0 8 6 , 6 1 7 2 6 , 5 1 2 5 , 2 1 3 8 4 , 0 2 5 1 7 , 0 1 4 8 1 , 1 4 2 3 8 3 9 0 6 6 1 , 1 6 5 3 , 5 0 1 0 0 0 , 0 2 2 1 7 , 7 3 2 , 8 6 3 1 , 6 9 1 e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 3 3 3 , 6 1 6 5 6 3 , 1 0 6 , 3 4 9 4 , 5 7 1 0 6 9 , 3 1 5 4 4 , 6 1 0 0 0 , 2 1 e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i t n e r r u c n o n , e m o c n i - - - - - . . P R O C Y G O L O N H C E T N O R C M N U I I I D E T I M I L G N D L O H N O R C M N U I I . C N I . H C E T E T I I P R O C S C N O R T C E L E O R C M K E T A V O N I . D T L . I E T P S G N D L O H C I T M k c o t S k c o t S k c o t S k c o t S k c o t S k c o t s d e r r e f e r P - k c o t S t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F - - - - - - - - - - - - - - - - - - T S U R T T N E M T S E V N I E T A T S E L A E R 1 . O N L U F R E L L I M . D T L , . I O C S C N O R T C E L E N O I T C A . P R O C Y G O L O N H C E T N E H C N E H S U F D E T I N U . D T L , . I O C S C N O R T C E L E N A U Y G N K I . C N I , H C E T X I P . C N I , I G N G A M I T R A X I P . C N I I G N D L O H T N E M T S E V N I A I S A T T C O . D T L , . O C S E S A G L A R T S U D N I I D E T I N U . D T L , . O C Y G O L O N H C E T N O R T B U S . P R O C Y G O L O N H C E T C M A I . D T L , . I O C S C N O R T C E L E N A U Y G N K I . D T L , . O C Y G O L O N H C E T T N O P O T I . P R O C R A T S I P E . C N I S E I G O L O N H C E T S O M O R P . C N I I R O T C U D N O C M E S K E T L O H k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S B U L C Y R T N U O C & F L O G E E H S A T k c o t s d e r r e f e r P - k c o t S . C N I Y G O L O N H C E T S A T E A k c o t s d e r r e f e r P - k c o t S . C N I , U B N O T k c o t s d e r r e f e r P - k c o t S e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F r o t c e r i d ' s y n a p m o C e h T . P R O C S M E T S Y S D E T A R G E T N I N O C I L I S 9 1 0 2 , 1 3 r e b m e c e D / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 3 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 320 N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U United Microelectronics Corporation | Annual Report 2019 s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( 9 1 0 2 , 1 3 r e b m e c e D t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 3 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . P R O C L A T I P A C E R U T N E V E N U T R O F e n o N 3 2 9 , 2 $ e n o N - e n o N 6 9 8 , 6 4 e n o N - e n o N 5 7 8 , 4 2 1 e n o N 5 2 1 , 7 1 e n o N 2 2 5 , 2 5 e n o N 4 0 5 , 8 1 e n o N 7 8 0 , 2 1 e n o N 1 0 1 , 8 4 e n o N 4 7 5 , 6 e n o N 6 7 3 , 2 6 e n o N - e n o N 2 3 2 , 0 1 e n o N 5 3 5 , 4 3 e n o N 3 0 9 , 6 2 e n o N 6 9 9 , 6 6 1 e n o N 0 5 8 , 3 5 e n o N 8 1 8 , 2 2 1 e n o N - e n o N 0 8 2 , 7 e n o N 4 8 5 , 9 9 e n o N 3 5 0 , 9 6 e n o N 0 6 1 , 1 4 e n o N 0 3 1 , 0 2 3 5 6 . 9 1 4 9 . 5 1 2 1 . 5 1 9 4 . 4 1 6 7 . 3 1 3 2 . 0 1 2 1 . 9 8 1 . 8 9 2 . 7 3 9 . 6 7 6 . 6 5 3 . 5 2 3 . 5 1 3 . 5 2 1 . 5 1 2 . 4 2 7 . 3 1 7 . 3 9 4 . 3 1 2 . 3 6 1 . 3 1 1 . 3 6 9 . 2 8 8 . 2 0 7 . 2 3 2 9 , 2 $ - - 6 9 8 , 6 4 5 7 8 , 4 2 1 5 2 1 , 7 1 2 2 5 , 2 5 4 0 5 , 8 1 7 8 0 , 2 1 1 0 1 , 8 4 4 7 5 , 6 6 7 3 , 2 6 - 2 3 2 , 0 1 5 3 5 , 4 3 3 0 9 , 6 2 6 9 9 , 6 6 1 0 5 8 , 3 5 8 1 8 , 2 2 1 - 0 8 2 , 7 4 8 5 , 9 9 3 5 0 , 9 6 0 6 1 , 1 4 0 3 1 , 0 2 3 4 1 5 , 1 7 5 9 5 1 0 0 8 , 1 0 5 7 , 3 0 0 5 , 2 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 9 1 7 , 0 1 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 0 0 8 , 1 0 0 9 0 5 1 , 3 3 6 2 5 9 0 6 , 6 8 6 9 , 1 0 0 6 , 4 8 3 8 , 3 4 7 3 , 6 0 0 0 , 3 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 9 5 0 , 0 1 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 0 0 8 5 6 2 - 6 1 4 , 4 0 0 2 , 1 1 4 7 , 6 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F - - - - - - - - - - - - - - - - - - - - - - - - - L A T I P A C E C R O F D N E R T - C P S D N U F L A T I P A C E C R O F D N E R T . D T L , . O C E - C N O R T P S I D N U F . P R O C Y G O L O N H C E T E T A G R A L O S . P R O C E R U T N E V N U H C R A D . C N I I S C N O T O H P A R E T N E C . D T L , . O C Y G O L O N H C E T E C R U O S E R Y R O L G R E V E . I P R O C S L A R E T A M E C N A V D A . D T L , . I I O C G N R E E N G N E E D A J T N O M . D T L , . O C Y G O L O N H C E T T R A M S W E N . D T L , . O C Y G O L O N H C E T N O I S I C E R P N W N W I I . P R O C L A T I P A C E R U T N E V K N I L E S I R . P R O C Y G O L O N H C E T O C I L . D T L I M X S R A T S - L L A . P R O C I T C A . D T L , . I O C S G N D L O H S C M O N E G T C A I . D T L , . I O C H C E T O B N E G D R E M I I . C N I I S C N O R T C E L E O T P O E C N E L L E C X E . C N I , I S E I G O L O N H C E T S E C V E D L A C D E M A S I L U A N A W A T I I . D T L , . O C Y G O L O N H C E T N O R T B U S . D T L , . O C M E T S Y S E T A T S D I L O S . . P L , V I S R E N T R A P L A T I P A C K N I L S N A R T . D T L , . O C Y G O L O N H C E T T N O P O T I . C N I S E I G O L O N H C E T N O I T A M N A I . D T L , . O C L A N O I T A N R E T N I D N A L E H S T H G R B I . D T L , . O C R O T C U D N O C M E S N A W A T I I k c o t S k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S d n u F k c o t S k c o t S 321 Financial Review s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( 9 1 0 2 , 1 3 r e b m e c e D t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 3 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 322 . P R O C L A T I P A C E R U T N E V E N U T R O F e n o N 2 3 4 , 1 $ e n o N 0 6 0 , 4 2 e n o N 6 8 1 , 6 4 e n o N - e n o N 4 6 5 , 4 e n o N 0 0 6 , 9 7 1 e n o N 5 4 0 , 5 2 e n o N - e n o N 0 4 5 , 9 e n o N 9 6 7 , 6 e n o N 0 6 2 , 5 6 e n o N 0 5 6 , 5 2 1 e n o N 3 e n o N 8 8 0 , 4 2 e n o N 0 7 3 , 9 e n o N 9 1 0 , 6 7 1 e n o N 8 0 4 , 1 2 1 e n o N - e n o N 7 2 0 , 1 e n o N 0 3 0 , 0 3 e n o N 9 5 4 , 9 5 e n o N 7 8 0 , 7 3 e n o N 0 0 9 , 3 1 e n o N 5 3 6 , 4 3 3 e n o N 5 9 4 , 4 6 2 e n o N A N / e n o N A N / 3 2 . 2 5 1 . 2 7 0 . 2 6 9 . 1 1 7 . 1 1 6 . 1 2 0 . 1 5 9 . 0 4 8 . 0 5 7 . 0 5 6 . 0 3 5 . 0 6 4 . 0 4 4 . 0 2 0 . 0 - - - - - - - - 0 0 . 7 4 1 . 0 - - 2 3 4 , 1 $ 0 6 0 , 4 2 6 8 1 , 6 4 - 4 6 5 , 4 0 0 6 , 9 7 1 5 4 0 , 5 2 - 0 4 5 , 9 9 6 7 , 6 0 6 2 , 5 6 0 5 6 , 5 2 1 3 8 8 0 , 4 2 0 7 3 , 9 9 1 0 , 6 7 1 8 0 4 , 1 2 1 - 7 2 0 , 1 0 3 0 , 0 3 9 5 4 , 9 5 7 8 0 , 7 3 0 0 9 , 3 1 5 3 6 , 4 3 3 5 9 4 , 4 6 2 0 0 0 , 0 1 7 8 9 , 3 2 1 1 1 3 9 4 4 , 1 0 5 2 , 2 0 0 9 , 1 5 2 1 0 0 5 , 0 1 9 7 0 , 6 1 0 0 2 0 4 7 2 3 0 0 6 - 1 6 2 1 4 1 , 1 0 0 0 , 8 4 1 1 , 2 0 0 0 , 1 2 8 5 0 3 9 , 9 0 0 3 , 1 0 0 7 5 6 2 0 0 2 1 2 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F 9 0 9 , 3 2 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , e m o c n i - - - - - - - - - - - - - - - - - - - - - - - - . P R O C Y G O L O N H C E T S L A R E T A M D E I L P P A R A L O S I . D T L , . O C S E I G O L O N H C E T N O S E I W . P R O C L A N O I T A N R E T N I P O T L A W . D T L , . P R O C Y G O L O N H C E T C E T I H C . . P L D N U F ) . I . C ( V X E T R E V . C N I I S E C V E D E L I B O M . D T L , . O C S L A C I T U E C A M R A H P J N A W A T I . I P R O C L A C M E H C O R T C E L E C E T R E W O P . D T L , . O C N O I S I C E R P G N E H S U F . D T L , . O C Y G O L O N H C E T S E T N I L . D T L , . I O C N A W A T R A R E G I T I . C N I , S L A C I T U E C A M R A H P H C E T A R O N . C N I Y G O L O N H C E T E S I W L A T S Y R C . C N I , I S L O O T E N H C A M R E S A U Q . C N I , I A D E M E T R O F k c o t S k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S D E T I M I L L A N O I T A N R E T N I E L U O J E k c o t S d e r r e f e r P - k c o t S . P R O C A D A O L F I k c o t S d e r r e f e r P - k c o t S . C N I , X E R B E R E C k c o t S d e r r e f e r P - k c o t S . C N I . P R O C K E T O V A R B k c o t S d e r r e f e r P - k c o t S . I D T L O D A R R A E G k c o t S d e r r e f e r P - k c o t S N O I S I C E R P - L I S I P E s d n o b e l b i t r e v n o C . C N I , I A D E M E T R O F . C N I , I A D O P E C A k c o t S d e r r e f e r P - k c o t S k c o t S d e r r e f e r P - k c o t S . D T L , . O C N A W A T I I A T O D N A H U S T E - N H S I s t n e m t s e v n i r o f s t n e m y a p e r P t n e r r u c n o n , e m o c n i s t n e m t s e v n i r o f s t n e m y a p e r P - - e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F y n a p m o c t n e r a P . I P R O C S C N O R T C E L E O R C M D E T I N U I . C N I Y G O L O N H C E T S S A P M E . D T L , . O C S E V L A V E U L A V k c o t S k c o t S k c o t S k c o t S United Microelectronics Corporation | Annual Report 2019 e n o N 6 6 7 , 1 1 1 8 1 . 8 1 6 6 7 , 1 1 1 s a s e r a h S l a r e t a l l o c ) d n a s u o h t ( e n o N - $ / e u l a v r i a F e u l a v s t e s s a t e N f o e g a t n e c r e P ) % ( p i h s r e n w o - - $ t n u o m a g n i y r r a C 9 1 0 2 , 1 3 r e b m e c e D e n o N 3 5 8 , 1 4 e n o N 4 6 3 , 4 8 e n o N 8 7 2 , 3 4 2 e n o N 8 0 7 , 1 1 e n o N 2 6 4 , 3 2 2 e n o N 0 2 2 , 8 e n o N 0 3 6 , 6 2 e n o N 5 6 4 , 3 5 e n o N 1 3 8 , 1 8 1 e n o N 2 9 1 , 0 2 e n o N 4 1 3 , 7 e n o N 2 5 4 , 7 e n o N 8 2 3 , 9 1 e n o N 0 9 0 , 0 3 e n o N 0 5 7 , 0 4 e n o N 2 1 0 , 1 3 4 e n o N - e n o N 9 5 5 , 3 9 e n o N 9 7 1 , 3 3 e n o N 0 0 0 , 5 3 e n o N 8 5 6 , 5 e n o N 0 2 1 , 1 1 e n o N 0 6 0 , 0 1 5 3 . 5 1 9 9 . 3 1 0 0 . 9 8 0 . 6 8 9 . 4 1 9 . 4 2 6 . 4 8 5 . 4 4 2 . 4 0 2 . 3 4 7 . 2 7 6 . 2 2 0 . 1 7 8 . 0 0 8 . 0 7 7 . 0 4 6 . 0 4 6 . 0 9 4 . 0 5 2 . 0 - - - 3 5 8 , 1 4 4 6 3 , 4 8 8 7 2 , 3 4 2 8 0 7 , 1 1 2 6 4 , 3 2 2 0 2 2 , 8 0 3 6 , 6 2 5 6 4 , 3 5 1 3 8 , 1 8 1 2 9 1 , 0 2 4 1 3 , 7 2 5 4 , 7 8 2 3 , 9 1 0 9 0 , 0 3 0 5 7 , 0 4 2 1 0 , 1 3 4 - 9 5 5 , 3 9 9 7 1 , 3 3 0 0 0 , 5 3 8 5 6 , 5 0 2 1 , 1 1 0 6 0 , 0 1 - - 3 3 4 , 6 0 0 5 , 0 5 1 / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( 9 2 5 2 , 2 9 2 5 , 8 0 0 2 , 1 5 3 4 , 5 2 - - 9 7 7 9 2 8 , 1 7 2 1 , 1 0 0 0 , 1 0 0 5 2 2 4 , 1 8 7 9 , 1 5 6 3 0 7 4 , 6 0 0 0 , 1 0 5 0 0 1 0 0 1 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F - - - - - - - - - - - - - - - - - - - - - - - - - O I L O F T R O P D E T A G E R G E S , D N U F S E I T I N U T R O P P O L L I H K A O . P R O C I T C A . D T L , . O C Y G O L O N H C E T E C R U O S E R Y R O L G R E V E . . P L , I I I S R E N T R A P L A T I P A C K N I L S N A R T . D T L , . O C S E I G O L O N H C E T N O S E I W P U O R G H C E T I D E M A D N U S I . I P R O C S L A R E T A M E C N A V D A . D T L I M X S R A T S - L L A . . P L , I D N U F H T W O R G A N H C R E T A E R G P A Q & H . C N I I S C N O R T C E L E O T P O E C N E L L E C X E . D T L L A N O I T A N R E T N I X E R E T N E . D T L L A N O I T A N R E T N I S L A I T N E S S E Y T U A E B . I D T L T N E M N A T R E T N E G N K N W I I C E T R E W O P y l r e m r o f ( . P R O C L A C M E H C O R T C E L E C E T W O P I . P R O C L E E T S N E E R G R E V E ) . P R O C Y G R E N E . I P R O C S C N O R T C E L E O R C M D R U G I S I . C N I Y G O L O N H C E T S I S Y L A N A S L A R E T A M I . D T L , . O C Y G O L O N H C E T O L P M I S . D T L , . O C Y G O L O N H C E T S E T N I L . P R O C C X T . C N I , S L A C I T U E C A M R A H P A D N A H k c o t S k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S d n u F k c o t S k c o t S d n u F k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S k c o t S s d n o b e l b i t r e v n o C . . P L , D N U F A I S A L A T I P A C I Y R E V E d n u F . C N I ) N A M Y A C ( T N E M O M D U O L C s d n o b e l b i t r e v n o C . D T L L A N O I T A N R E T N I L A I T N E C H C E T s d n o b e l b i t r e v n o C 323 . C N I N O I S I C E R P - L I S I P E s d n o b e l b i t r e v n o C t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N s e i t i r u c e s f o e p y T ) s e r u t n e v t n i o j d n a s e t a i c o s s a , s e i r a i d i s b u s g n i d u l c x E ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a d l e h s e i t i r u c e S ( 3 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . D T L , . 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D T L , . I O C P U O R G L A C N A N I F R E D N A L H G H I . I D T L S G N D L O H A D E M O W D A I . C N I , O M I k c o t s d e r r e f e r P - k c o t S k c o t s d e r r e f e r P - k c o t S k c o t s d e r r e f e r P - k c o t S . D T L P U O R G A I J U O Y k c o t s d e r r e f e r P - k c o t S . D T L 7 O L A k c o t s d e r r e f e r P - k c o t S . D T L S E I G O L O N H C E T R E W O P 2 X k c o t s d e r r e f e r P - k c o t S . C N I ) N A M Y A C ( T N E M O M D U O L C k c o t s d e r r e f e r P - k c o t S . D T L O E D V E M A G I k c o t s d e r r e f e r P - k c o t S . D T L L A N O I T A N R E T N I E L U O J E . D T L S R E S A L T N O P G N N R U T I I . C N I I E D R T I N Y A L P k c o t s d e r r e f e r P - k c o t S k c o t s d e r r e f e r P - k c o t S k c o t s d e r r e f e r P - k c o t S . D T L , . O C S E V L A V E U L A V k c o t S . P R O C Y G O L O N H C E T Y R E T R A k c o t s d e r r e f e r P - k c o t S . P R O C L A T I P A C C M U 9 1 0 2 , 1 3 r e b m e c e D f o e g a t n e c r e P ) % ( p i h s r e n w o t n u o m a g n i y r r a C / ) d n a s u o h t ( s t i n U s e r a h s / s d n o b ) d n a s u o h t ( t n u o c c a t n e m e t a t s l a i c n a n i F p i h s n o i t a l e R s e i t i r u c e s f o e m a N e n o N 9 5 9 D S U 3 3 . 4 1 e n o N 1 7 3 , 6 1 D S U 7 4 . 1 1 1 7 3 , 6 1 6 1 9 0 9 1 3 0 7 9 5 9 D S U D S U D S U D S U D S U - - - - - t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e n o N 8 0 6 , 1 1 D S U 6 7 . 9 8 0 6 , 1 1 D S U 5 3 0 , 7 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F e n o N 8 9 8 , 6 D S U 7 8 . 8 e n o N 7 7 0 , 2 D S U 5 3 . 5 e n o N 3 2 1 , 7 D S U 3 0 . 5 8 9 8 , 6 7 7 0 , 2 3 2 1 , 7 D S U - D S U 3 D S U 7 t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F t n e r r u c n o n , s s o l r o t i f o r p h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i F - - - - - - - - - . . 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O C N A P A J R O T C U D N O C M E S D E T I N U n i I % 9 . 5 1 f o t s e r e t n i p i h s r e n w o d l e h y l s u o i v e r p e h T : 3 e t o N , n o i t i s i u q c a e h t m o r f d e t l u s e r d n a s u o h t 5 8 5 , 1 7 1 $ f o n i a g e s a h c r u p n i a g r a b s e d u l c n i e c n a l a b g n i d n e e h T . d o h t e m y t i u q e r e d n u r o f d e t n u o c c a s t n e m t s e v n i o t t n e r r u c n o n , e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f m o r f d n a s u o h t 4 8 $ e u l a v r i a f n i s e g n a h c d e i f i s s a l c e r s a w h c i h w . d n a s u o h t ) 9 6 0 , 5 4 9 ( $ f o d o h t e m y t i u q e r e d n u t n e m t s u j d a s n o i t a r e p o n g i e r o f f o n o i t a l s n a r t n o s e c n e r e f f i d e g n a h c x e d n a d n a s u o h t 7 8 7 , 0 7 2 $ f o s e r u t n e v t n i o j d n a s e t a i c o s s a f o t i f o r p f o e r a h s , d n a s u o h t 2 7 5 , 2 $ f o s t n e m u r t s n i g n i g d e h n o s e s s o l r o s n i a g . d o h t e m y t i u q e e h t r e d n u s t n e m t s u j d a e d u l c n i d o h t e m y t i u q e e h t r e d n u r o f d e t n u o c c a s t n e m t s e v n i f o s e c n a l a b g n i d n e d n a g n i n n i g e b f o s t n u o m a e h T . s e c i r p t e k r a m g n i l i a v e r p e h t t a d e d r o c e r e r a t n e r r u c n o n , e m o c n i e v i s n e h e r p m o c r e h t o h g u o r h t e u l a v r i a f t a s t e s s a l a i c n a n i f f o s e c n a l a b g n i d n e d n a g n i n n i g e b f o s t n u o m a e h T : 1 e t o N . d n a s u o h t ) 0 0 0 , 0 3 ( $ f o n o i t c u d e r l a t i p a c d n a d n a s u o h t 6 5 0 , 1 7 $ f o s e r u t n e v t n i o j d n a s e t a i c o s s a f o t i f o r p f o e r a h s s e d u l c n i e c n a l a b g n i d n e e h T : 2 e t o N 327 Financial Review r e h t O s t n e m t i m m o c f o s u t a t s d n a n o i t a z i l i t u e c i r P e c n e r e f e r n o i t i s i u q c a f o e t a D s n o i t c a s n a r t r o i r p f o s l i a t e d , y t r a p d e t a l e r a s i y t r a p - r e t n u o c e r e h W n e e w t e b p i h s n o i t a l e R t n u o m a n o i t c a s n a r t y t r e p o r p f o r e r i u q c a y t r e p o r p f o p i h s n o i t a l e R y t r a p - r e t n u o C s u t a t s t n e m y a P t n u o m a e t a d n o i t c a s n a r T f o e t a D d n a r e d l o h r e m r o f r e d l o h r e m r o F n o i t c a s n a r T n o i t c a s n a r T f o e m a N s e i t r e p o r p e n o N ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m 0 0 3 $ T N f o r e w o l e h t g n i d e e c x e t n u o m a h t i w e t a t s e l a e r l a u d i v i d n i f o n o i t i s i u q c A ( 5 T N E M H C A T T A 328 ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( United Microelectronics Corporation | Annual Report 2019 r e h t O s t n e m t i m m o c e c n e r e f e r e c i r P f o n o s a e R l a s o p s i d p i h s n o i t a l e R y t r a p - r e t n u o C l a s o p s i d m o r f n o i t c e l l o c t n u o m a ) s s o L ( n i a G s d e e c o r p f o s u t a t S n o i t c a s n a r T g n i y r r a C t n u o m a n o i t i s i u q c a e t a d l a n i g i r o f o e t a D n o i t c a s n a r T f o s e m a N s e i t r e p o r p e n o N ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c e h t f o t n e c r e p 0 2 r o n o i l l i m 0 0 3 $ T N f o r e w o l e h t g n i d e e c x e t n u o m a h t i w e t a t s e l a e r l a u d i v i d n i f o l a s o p s i D ( 6 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 329 Financial Review l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N % 9 2 % 3 % 0 % 0 2 2 6 , 8 0 6 4 3 3 , 1 3 3 7 3 , 5 8 6 0 7 , 7 3 9 , 5 $ ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l m r e T / A N / A N / A N / A N t i n U e c i r p / A N / A N / A N / A N m r e T s y a d 0 6 t e N s y a d 0 6 t e N s y a d 0 3 t e N s y a d 0 6 d n e - h t n o M % 9 3 % 3 % 1 % 1 4 6 9 , 3 3 9 3 , 0 1 3 , 9 0 2 1 , 5 8 3 , 5 0 8 5 3 3 6 3 7 , , 7 4 $ s n o i t c a s n a r T l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A s e s a h c r u P ) s e l a S ( s e l a S s e l a S s e l a S s e l a S p i h s n o i t a l e R y r a i d i s b u S y r a i d i s b u S y r a i d i s b u S e t a i c o s s A l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N % 9 9 % 1 % 0 5 0 7 9 0 1 , 1 3 7 9 , 7 9 1 D S U D S U D S U m r e T / A N / A N / A N t i n U e c i r p / A N / A N / A N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l s n o i t c a s n a r T m r e T s y a d 0 6 t e N s y a d 0 6 t e N s y a d 0 6 t e N % 8 9 % 2 % 0 5 3 3 3 2 , 7 3 9 4 , 8 1 5 , 4 0 5 1 , l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A D S U D S U D S U s e s a h c r u P s e s a h c r u P e t a i c o s s A e t a i c o s s A s e s a h c r u P y n a p m o c t n e r a P s e s a h c r u P ) s e l a S ( p i h s n o i t a l e R l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B % 7 % 3 9 1 7 9 , 6 8 1 3 0 6 , 0 1 3 , 2 ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N Y P J Y P J m r e T / A N / A N t i n U e c i r p / A N / A N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l s n o i t c a s n a r T m r e T s y a d 0 6 t e N s y a d 0 6 t e N % 6 % 4 9 l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A 7 7 7 9 4 8 , 7 9 0 , 7 7 8 2 1 , Y P J Y P J s e s a h c r u P ) s e l a S ( s e s a h c r u P s e s a h c r u P p i h s n o i t a l e R y n a p m o c t n e r a P e t a i c o s s A l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N % 8 % 3 % 1 5 3 6 , 1 3 6 0 9 , 1 1 0 2 9 , 4 B M R B M R B M R m r e T / A N / A N / A N t i n U e c i r p / A N / A N / A N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l m r e T s y a d 5 4 t e N s y a d 0 6 t e N s y a d 0 6 t e N % 5 % 2 % 1 2 3 1 , 1 2 1 9 2 0 , 6 5 8 6 9 , 3 3 s n o i t c a s n a r T l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A B M R B M R B M R s e l a S s e l a S s e l a S s e s a h c r u P ) s e l a S ( p i h s n o i t a l e R e t a i c o s s A e t a i c o s s A e t a i c o s s A y t r a p - r e t n u o C . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I ) A S U ( P U O R G C M U N A P A J P U O R G C M U y t r a p - r e t n u o C N O I T A R O P R O C Y G O L O N H C E T Y A D A R A F ) A S U ( P U O R G C M U I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I . D T L , . O C ) N E M A X I ( R O T C U D N O C M E S D E T I N U I y t r a p - r e t n u o C . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H N A P A J P U O R G C M U . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H . D T L , . O C ) N E M A I X ( R O T C U D N O C I M E S D E T I N U y t r a p - r e t n u o C N O I T A R O P R O C Y G O L O N H C E T Y A D A R A F N A P A J P U O R G C M U ) A S U ( P U O R G C M U I N O I T A R O P R O C S C N O R T C E L E O R C M D E T I N U I l a t o t f o e g a t n e c r e P e t o N ) e l b a y a p ( s e l b a v i e c e r e c n a l a B % 2 8 3 7 , 7 B M R ) e l b a y a p ( e l b a v i e c e r s t n u o c c a d n a s e t o N ' s m r a - n o n f o s l i a t e D n o i t c a s n a r t h t g n e l m r e T / A N t i n U e c i r p / A N s n o i t c a s n a r T m r e T l a t o t f o e g a t n e c r e P ) s e l a s ( s e s a h c r u p t n u o m A s y a d 0 6 t e N % 9 7 2 5 6 6 1 , B M R s e s a h c r u P ) s e l a S ( s e l a S p i h s n o i t a l e R e t a i c o s s A y t r a p - r e t n u o C ) A S U ( P U O R G C M U ) 9 1 0 2 , 1 3 r e b m e c e D d e d n e r a e y e h t r o f k c o t s l a t i p a c f o t n e c r e p 0 2 r o n o i l l i m 0 0 1 $ T N f o r e w o l e h t g n i d e e c x e s t n u o m a s e l a s d n a s e s a h c r u p r o f s n o i t c a s n a r t y t r a p d e t a l e R ( 7 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U 330 United Microelectronics Corporation | Annual Report 2019 s e l b a v i e c e r e u d r e v O e c n a l a b g n i d n E n i d e v i e c e r t n u o m A e c n a w o l l a s s o L d o i r e p t n e u q e s b u s s u t a t s n o i t c e l l o C t n u o m A r e v o n r u T ) s e m i t ( e t a r l a t o T r e h t O s e l b a v i e c e r s t n u o c c A e l b a v i e c e r s e t o N e l b a v i e c e r p i h s n o i t a l e R y t r a p - r e t n u o C d o i r e p t n e u q e s b u s 0 8 1 , 1 1 9 2 8 , 5 0 3 n i n o i t c e l l o C 0 2 3 , 0 4 0 2 . 5 3 9 2 , 2 2 6 1 7 6 , 3 1 2 2 6 , 8 0 6 - $ 5 7 1 , 5 4 9 , 5 $ - - $ 1 2 . 7 5 7 1 , 5 4 9 , 5 $ 9 6 4 , 7 $ 6 0 7 , 7 3 9 , 5 $ - $ - y r a i d i s b u S ) A S U ( P U O R G C M U y r a i d i s b u S N A P A J P U O R G C M U . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H s e l b a v i e c e r e u d r e v O e c n a l a b g n i d n E n i d e v i e c e r t n u o m A e c n a w o l l a s s o L d o i r e p t n e u q e s b u s s u t a t s n o i t c e l l o C t n u o m A r e v o n r u T ) s e m i t ( e t a r l a t o T r e h t O s e l b a v i e c e r s t n u o c c A e l b a v i e c e r s e t o N e l b a v i e c e r p i h s n o i t a l e R y t r a p - r e t n u o C - $ 5 3 6 , 1 3 B M R n i n o i t c e l l o C 5 2 5 , 3 B M R 4 9 . 5 5 3 6 , 1 3 B M R - $ 5 3 6 , 1 3 B M R - $ e t a i c o s s A Y G O L O N H C E T Y A D A R A F d o i r e p t n e u q e s b u s . P R O C ) 9 1 0 2 , 1 3 r e b m e c e D f o s a k c o t s l a t i p a c f o t n e c r e p 0 2 r o n o i l l i m 0 0 1 $ T N f o r e w o l e h t g n i d e e c x e s t n u o m a h t i w s e i t r a p d e t a l e r m o r f s e l b a v i e c e R ( 8 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U 331 Financial Review e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c n i t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a s e i n a p m o c e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N ( 9 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 332 N O I T A R O P R O C S C I N O R T C E L E O R C I M D E T I N U 5 3 1 , 7 7 $ 5 3 1 , 7 7 $ 3 3 0 , 5 5 7 , 1 $ 0 0 . 0 0 1 8 3 4 , 6 1 8 3 4 , 6 1 D S U 8 3 4 , 6 1 3 0 8 , 2 3 0 8 , 2 8 7 3 , 2 4 1 0 0 . 0 0 1 9 1 2 4 , 5 D S U 1 2 4 , 5 6 6 9 , 2 4 3 6 6 9 , 2 4 3 9 4 0 , 6 5 7 , 3 0 0 . 0 0 1 3 6 6 , 1 7 0 0 5 , 1 8 D S U 0 0 5 , 1 8 ) 6 7 2 , 4 2 1 , 5 ( ) 6 7 2 , 4 2 1 , 5 ( 3 5 9 , 3 4 6 , 1 1 0 0 . 0 0 1 0 0 0 , 7 7 9 0 0 0 , 7 7 9 D S U 0 0 0 , 7 7 9 D S U D S U D S U D S U s e i t i v i t c a t r o p p u s g n i t e k r a M s d n a l r e h t e N e h T . V B . I ) E P O R U E ( S C N O R T C E L E O R C M D E T I N U I s e l a S C I A S U ) A S U ( P U O R G C M U g n i d l o h t n e m t s e v n I s d n a l s I n a m y a C . P R O C L A T I P A C C M U g n i d l o h t n e m t s e v n I a o m a S D E T I M I L H T R A E N E E R G 5 6 5 , 4 2 5 6 5 , 4 2 2 1 9 , 3 7 2 , 4 0 0 . 0 0 1 6 5 9 , 7 9 3 0 0 0 , 0 1 6 , 4 0 0 0 , 0 1 6 , 4 l a t i p a c e r u t n e V n a w i a T , y t i C i e p i a T . D T L , . O C L A T I P A C C L T ) 6 8 8 ( ) 6 8 8 ( 2 2 0 , 2 4 0 0 . 0 0 1 0 2 5 , 1 0 2 5 , 1 D S U 0 2 5 , 1 D S U g n i d l o h t n e m t s e v n I a o m a S D E T I M I L ) A O M A S ( T N E M T S E V N I C M U ) 0 5 7 , 8 2 1 ( ) 5 6 2 , 9 1 1 ( 1 3 3 , 8 9 3 , 4 0 0 . 0 0 1 4 3 7 , 1 0 4 3 5 0 , 0 6 1 , 4 3 5 0 , 0 4 4 , 3 e r u t n e v r o f g n i n n a l p d n a g n i t l u s n o C n a w i a T , y t i C i e p i a T . P R O C L A T I P A C E R U T N E V E N U T R O F e t o N 7 8 7 , 0 7 2 7 6 4 , 7 4 9 7 9 2 1 3 , 1 3 0 4 9 1 2 8 , 0 7 8 7 6 4 , 7 4 9 7 9 2 1 3 , 1 3 0 4 9 1 2 8 , 0 7 8 7 8 7 , 0 7 2 D S U D S U D S U 6 1 1 , 5 9 9 9 4 , 0 2 2 0 7 , 0 9 5 0 4 8 , 1 2 1 0 0 . 0 0 1 0 0 . 0 0 1 1 0 1 1 0 0 0 , 0 6 Y P J 0 0 0 , 0 6 Y P J s e l a S C I l a t i p a c 0 0 0 , 0 5 5 W R K 0 0 0 , 0 5 5 W R K s e i t i v i t c a t r o p p u s g n i t e k r a M 0 0 . 0 0 1 0 0 3 , 4 0 0 3 , 4 D S U 0 0 3 , 4 0 0 . 0 0 1 0 0 6 , 2 0 0 6 , 2 D S U 0 0 6 , 2 g n i d l o h t n e m t s e v n I g n i d l o h t n e m t s e v n I n a p a J a e r o K a o m a S a o m a S . D T L , . O C A E R O K C M U N A P A J P U O R G C M U D E T I M I L L A B O L G I N M O D E T I M I L N O G A R A P O N I S 5 0 0 , 3 8 1 , 3 2 0 0 . 0 0 1 6 6 9 , 4 6 6 2 0 1 , 9 0 3 D S U 2 0 1 , 9 0 3 g n i d l o h t n e m t s e v n I s d n a l s I n i g r i V h s i t i r B D E T I M I L L A N O I T A N R E T N I E T I L E T S E B 3 3 2 , 5 1 5 , 7 1 0 0 . 0 0 1 7 4 2 , 6 1 1 4 7 9 , 9 9 9 , 9 Y P J 8 6 0 , 1 2 4 , 4 6 Y P J d e t a r g e t n i f o g n i r u t c a f u n a m d n a s e l a S n a p a J . D T L s t i u c r i c , . O C N A P A J R O T C U D N O C M E S D E T I N U I ) 8 7 9 , 1 2 2 ( ) 5 1 1 , 9 7 2 ( 5 3 0 , 0 6 2 ) 0 0 7 , 0 0 2 ( ) 2 0 3 , 0 2 4 ( ) 0 5 8 , 0 4 1 ( ) 5 9 1 , 4 2 ( 1 3 1 , 3 1 8 6 0 , 9 8 6 5 0 , 1 7 6 6 0 , 2 1 2 0 4 6 , 7 7 1 7 5 1 , 8 1 0 6 6 , 2 4 6 1 3 6 , 1 8 2 , 2 2 2 2 , 2 6 9 2 5 8 , 3 4 6 , 2 3 9 1 , 8 7 3 , 4 8 7 2 , 1 5 8 9 0 , 6 6 1 4 3 9 , 9 2 8 , 3 ) 9 5 8 , 4 1 ( ) 0 6 8 , 7 0 1 ( 9 9 4 , 0 7 4 , 1 3 8 . 9 7 5 7 . 7 4 4 4 . 5 4 0 0 . 2 4 0 0 . 0 4 9 4 . 6 3 7 8 . 0 3 8 7 . 3 1 8 4 9 , 4 4 1 2 8 4 , 7 0 7 , 1 0 6 6 , 4 9 8 , 1 d e t a r g e t n i f o g n i r u t c a f u n a m d n a s e l a S , y t n u o C u h c n i s H s t i u c r i c n a w i a T I N O I T A R O P R O C S C N O R T C E L E O R C M K E T E V A W I 8 9 9 , 3 3 1 9 7 , 6 5 9 , 5 1 9 7 , 6 5 9 , 5 r e w o p r a l o s f o g n i r u t c a f u n a m d n a s e l a S n a w i a T , y t i C g n u h c i a T . P R O C Y G O L O N H C E T R E W O P X E N 0 0 0 , 2 1 0 0 0 , 2 1 D G S 0 0 0 , 2 1 0 0 0 , 1 2 0 0 0 , 1 2 D S U 0 0 0 , 1 2 D G S D S U s e i r e t t a b g n i d l o h t n e m t s e v n I e r o p a g n i S . D T L . I E T P S G N D L O H C I T M g n i d l o h t n e m t s e v n I s d n a l s I n i g r i V h s i t i r B . C N I L A T I P A C H C E T I N U 0 0 0 , 7 3 2 0 0 0 , 0 8 6 , 1 0 0 0 , 0 7 3 , 2 g n i d l o h t n e m t s e v n I n a w i a T , y t i C i e p i a T 0 8 2 , 7 7 2 1 4 2 , 6 3 3 1 4 2 , 6 3 3 g n i d l o h t n e m t s e v n I n a w i a T , y t i C i e p i a T 0 0 0 , 6 4 0 0 0 , 0 0 3 , 2 0 0 0 , 0 0 3 , 2 g n i d l o h t n e m t s e v n I n a w i a T , y t i C i e p i a T N O I T A R O P R O C L A T I P A C T H G N K R T I I . D T L . D T L , . O C T N E M T S E V N I , . O C T N E M T S E V N I H E I H C N U S H N A U Y N N A Y 0 4 2 , 4 3 8 1 9 , 8 3 8 1 9 , 8 3 d e t a r g e t n i c i f i c e p s - n o i t a c i l p p a f o n g i s e D n a w i a T , y t i C u h c n i s H N O I T A R O P R O C Y G O L O N H C E T Y A D A R A F t i u c r i c . 9 1 0 2 , 1 r e b o t c O n o y t i t n e d e t a d i l o s n o c e m a c e b . D T L , . O C N A P A J R O T C U D N O C M E S D E T I N U e h T : I e t o N United Microelectronics Corporation | Annual Report 2019 e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c n i t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a s e i n a p m o c e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N ( 9 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( . P R O C L A T I P A C E R U T N E V E N U T R O F ) 5 3 8 , 2 ( ) 0 8 3 , 6 ( ) 3 6 0 , 2 2 ( $ ) 3 6 0 , 2 2 ( $ 4 6 1 , 7 8 3 2 , 1 6 $ ) 4 5 6 , 0 4 1 ( ) 2 0 3 , 0 2 4 ( $ ) 0 1 7 , 8 9 ( - - - ) 2 0 5 , 1 4 ( ) 7 8 0 , 5 6 1 ( 3 7 9 , 1 2 1 5 1 3 , 7 4 ) 5 7 8 , 1 ( 1 0 9 , 9 4 2 ) 5 1 1 , 9 7 2 ( 4 2 4 , 3 6 6 8 , 6 7 2 0 0 . 0 0 1 5 5 6 , 8 1 2 5 7 , 0 0 1 $ 2 5 7 , 0 0 1 $ s e c i v r e S l a c i n h c e T y g r e n E n a w i a T , y t i C u h c n i s H . D T L , . O C T N E M P O L E V E D Y G R E N E A R E T 5 4 . 4 4 6 4 . 3 3 8 7 . 2 3 4 1 . 5 2 0 9 . 1 2 6 6 . 0 0 0 0 , 1 - 0 0 0 , 0 1 & s t c u d o r p n o i t a r t l i f d n a s l a c i m e h C n a w i a T , y t i C u h c n i s H e c i v r e s l o r t n o c n o i t a n i m a t n o c o r c i M . C N I L I F M U R U P I 7 2 8 , 3 2 0 3 6 , 8 8 6 , 1 0 3 6 , 8 8 6 , 1 r e w o p r a l o s f o g n i r u t c a f u n a m d n a s e l a S n a w i a T , y t i C g n u h c i a T . P R O C Y G O L O N H C E T R E W O P X E N 4 9 1 , 1 6 5 8 , 8 2 3 9 , 3 1 9 3 4 , 3 8 2 6 5 8 , 8 8 0 5 , 7 7 2 0 0 9 , 5 0 0 9 , 5 R U E 0 0 9 , 5 0 0 5 , 2 2 0 0 5 , 2 2 D S U 0 0 5 , 2 2 R U E D S U d e t a r g e t n i f o g n i r u t c a f u n a m d n a s e l a S , y t n u o C u h c n i s H s t i u c r i c n a w i a T I N O I T A R O P R O C S C N O R T C E L E O R C M K E T E V A W I g n i d l o h t n e m t s e v n I g n o k g n o H G N O K G N O H N O I T A R O P R O C D E L D E T I N U D E T I M I L t n e i l c n i h T n a w i a T , y t i C i e b n i X . P R O C N O R T N E I L C t c e j o r p r a l o S s e i r e t t a b y n a m r e G H B M G N E I L I B O M M I I O C A N W I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I . D T L , . O C L A T I P A C C L T ) 0 6 5 , 3 ( $ ) 4 4 0 , 7 3 ( ) 0 1 1 , 9 ( ) 5 3 0 , 1 5 ( ) 0 ( ) 0 6 5 , 3 ( $ ) 1 3 4 , 3 3 1 ( 4 6 2 , 0 1 $ 0 6 0 , 2 2 1 ) 4 2 2 , 4 3 ( 2 9 5 ) 2 0 3 , 0 2 4 ( ) 6 1 8 , 5 3 ( ) 1 ( - 0 0 . 0 3 0 9 . 5 2 4 1 . 2 1 - 0 0 . 0 0 1 0 0 9 0 0 9 D S U 0 0 9 0 0 0 , 6 1 5 2 , 4 5 4 6 , 8 0 0 0 , 6 D S U 0 0 0 , 6 6 1 9 , 5 9 9 1 0 , 8 8 8 6 1 9 , 5 9 9 1 0 , 8 8 8 D S U D S U g n i d l o h t n e m t s e v n I g n i d l o h t n e m t s e v n I a o m a S a o m a S . P R O C L A T I P A C H E I H C N U S H . P R O C L A T I P A C G N R A O S I s e i r e t t a b s e l b a m u s n o c d n a s t n e g a e r , t n e m p i u q e g n i r u s a e m , s e c i v e d l a c i d e M n a w i a T , y t i C i e p i a T . D T L , . O C E S N E S V r e w o p r a l o s f o g n i r u t c a f u n a m d n a s e l a S n a w i a T , y t i C g n u h c i a T . P R O C Y G O L O N H C E T R E W O P X E N - 1 8 5 , 2 2 - g n i d l o h t n e m t s e v n I n a w i a T , y t i C i e p i a T . C N I , S T N E M T S E V N I I L G N U Y e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I 6 D S U 6 D S U 2 5 5 D S U 0 0 . 0 0 1 5 1 8 , 1 D S U 3 4 8 , 1 2 D S U 2 4 7 , 5 D S U 8 3 . 0 1 - 0 0 2 0 0 2 D S U 0 0 2 6 3 0 , 4 D S U 6 3 0 , 4 D S U D S U g n i d l o h t n e m t s e v n I A S U ) A S U ( L A T I P A C C M U g n i d l o h t n e m t s e v n I s d n a l s I n a m y a C . . P L , I S R E N T R A P L A T I P A C K N I L S N A R T . P R O C L A T I P A C C M U e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I . D T L , . O C T N E M P O L E V E D Y G R E N E A R E T - - - - - - 3 4 4 , 7 $ 3 4 4 , 7 $ 9 6 4 , 8 3 $ - 0 0 . 0 0 1 0 0 . 2 1 - 0 5 7 0 6 1 , 2 0 5 7 0 6 1 , 2 0 2 1 , 1 R U E - D S U 0 5 7 R U E 0 6 1 , 2 D S U R U E g n i d l o h t n e m t s e v n I g n o k g n o H D E T I M I L ) K H ( T N E M T S E V N I Y G R E N E H C R R E V E I t c e j o r p r a l o S t c e j o r p r a l o S y n a m r e G y n a m r e G H B M G N E I L I B O M M I I O C A N W I H B M G 1 T K E J O R P R A L O S O C A N W I I 333 Financial Review e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I D E T I M I L ) A O M A S ( T N E M T S E V N I S C I N O R T C E L E O R C I M K E T E V A W D E T I M I L ) A O M A S ( ) 0 2 9 , 6 ( $ ) 0 2 9 , 6 ( $ 4 2 1 , 2 $ 0 0 . 0 0 1 0 0 5 , 1 0 0 5 , 1 D S U 0 0 5 , 1 D S U g n i d l o h t n e m t s e v n I a o m a S T N E M T S E V N I I S C N O R T C E L E O R C M K E T E V A W I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c n i t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a s e i n a p m o c e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N ( 9 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 334 N O I T A R O P R O C S C I N O R T C E L E O R C I M K E T E V A W e t o N e t o N 7 3 2 $ 7 3 2 $ 7 7 7 , 2 $ 0 0 . 0 0 1 0 6 0 6 D S U 0 6 D S U e c i v r e s g n i t e k r a m d n a s e l a S A S U I N O I T A R O P R O C S C N O R T C E L E O R C M K E T E V A W I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I . P R O C Y G O L O N H C E T R E W O P X E N ) A S U ( ) 5 1 9 , 9 8 ( $ ) 5 1 9 , 9 8 ( $ - $ - - 7 3 6 , 3 R U E - t n a l p r e w o p c i a t l o v o t o h P y l a t I . 9 1 0 2 r e b m e v o N n i d e s o p s i d s a w . . . L R S 1 A I L A T I X E N L A C O S : I e t o N . . . L R S 1 A I L A T I X E N L A C O S I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I D E T I M I L L A N O I T A N R E T N I E T I L E T S E B 6 7 6 , 7 7 8 $ 6 7 6 , 7 7 8 $ 8 6 4 , 3 1 1 , 3 2 $ 0 0 . 0 0 1 - 0 0 0 , 4 5 3 D S U 0 0 0 , 4 5 3 D S U g n i d l o h t n e m t s e v n I s d n a l s I n i g r i V h s i t i r B D E T I M I L Y G O L O N H C E T E N H S O F N I I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I 6 7 6 , 7 7 8 $ 6 7 6 , 7 7 8 $ 8 6 4 , 3 1 1 , 3 2 $ 0 0 . 0 0 1 - 0 0 0 , 4 5 3 D S U 0 0 0 , 4 5 3 D S U g n i d l o h t n e m t s e v n I s d n a l s I n i g r i V h s i t i r B I D E T I M I L S E T A C O S S A D O O W K A O D E T I M I L Y G O L O N H C E T E N I H S O F N I e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I D E T I M I L L A B O L G I N M O 0 2 $ 3 8 5 , 1 ) 9 6 1 ( 0 8 5 , 9 2 0 2 $ 3 8 5 , 1 ) 9 6 1 ( 0 8 5 , 9 2 6 5 2 , 0 3 $ 4 6 1 , 5 3 7 4 6 , 6 3 5 8 0 9 , 8 0 0 . 0 0 1 0 0 . 0 0 1 0 0 0 0 . 0 0 1 0 0 0 , 9 0 5 9 0 0 0 , 1 0 0 0 , 9 D S U 0 5 9 D S U 0 0 0 , 1 D S U 0 0 0 , 9 0 0 . 0 0 1 4 0 0 0 , 5 3 Y P J 0 0 0 , 5 3 D S U D S U D S U Y P J g n i t l u s n o c d n a t n e m p o l e v e d y g o l o n h c e t g n i r u t c a f u n a m r o t c u d n o c i m e S s e c i v r e s n a p a J . D T L , . O C N A P A J Y G O L O N H C E T C M U e c n a r u s n I e r o p a g n i S . D T L . E T P A T I V P C E t n e m p o l e v e D & h c r a e s e R A S U N O I T A R O P R O C Y G O L O N H C E T O R C M D E T I N U I ) K R O Y W E N ( t n e m p o l e v e D & h c r a e s e R A S U N O I T A R O P R O C Y G O L O N H C E T O R C M D E T I N U I ) I A N R O F I L A C ( United Microelectronics Corporation | Annual Report 2019 e m o c n i t n e m t s e v n I f o ) s s o l ( e m o c n i t e N f o e g a t n e c r e P f o r e b m u N p i h s r e n w o s e r a h s 9 1 0 2 , 1 3 r e b m e c e D f o s a t n e m t s e v n I t n e m t s e v n I l a i t i n I e t o N d e z i n g o c e r ) s s o l ( y n a p m o c e e t s e v n i t n u o m a g n i y r r a C ) % ( ) d n a s u o h t ( e c n a l a b g n i n n i g e B e c n a l a b g n i d n E s t c u d o r p d n a s e s s e n i s u b n i a M s s e r d d A y n a p m o c e e t s e v n I ) 9 0 8 , 4 2 1 , 5 ( $ ) 9 0 8 , 4 2 1 , 5 ( $ 2 4 3 , 7 1 6 , 1 1 $ 0 0 . 0 0 1 0 5 0 , 4 7 9 0 5 0 , 4 7 9 D S U 0 5 0 , 4 7 9 D S U g n i d l o h t n e m t s e v n I n a m y a C N O I T A R O P R O C P I H C O R C M D E T I N U I ) a n i h C d n a l n i a M n i t n e m t s e v n i g n i d u l c n i t o N ( ) 9 1 0 2 , 1 3 r e b m e c e D f o s a s e i n a p m o c e e t s e v n i f o n o i t a m r o f n i d e t a l e r d n a s n o i t a c o l , s e m a N ( 9 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( D E T I M I L H T R A E N E E R G 335 Financial Review - - - - - $ 8 5 0 , 0 1 $ ) 2 9 3 , 4 2 9 8 , 1 3 1 D S U ( 9 7 9 , 7 3 ) i i i ( ) 9 2 5 , 3 ( $ ) i i i ( 5 0 5 , 7 7 5 6 , 6 0 1 ) 7 2 8 , 4 2 B M R ( ) ) 0 1 3 , 9 ( B M R ( ) 6 9 9 , 9 3 ( % 4 1 . 5 2 ) 4 9 0 , 9 5 1 ( ) ) 3 3 0 , 7 3 ( 9 3 1 , 9 1 2 ) 0 1 0 , 1 5 B M R ( ) i i ( ) i i i ( 0 5 7 , 4 3 ) 9 8 0 , 8 B M R ( % 4 1 . 8 9 2 1 4 , 5 3 ) 3 4 2 , 8 B M R ( - 9 1 1 , 9 4 3 , 2 2 ) 9 0 3 , 2 0 2 , 5 B M R ( ) 0 0 3 , 9 9 1 B M R ( ) 4 e t o N ( ) i i ( 3 9 1 , 6 5 8 % 4 1 . 8 9 2 6 4 , 2 7 8 ) 7 8 0 , 3 0 2 3 3 3 , 2 8 2 , 9 B M R ( ) 2 0 1 , 9 0 3 D S U ( 2 5 7 , 7 4 9 , 4 1 ) 8 5 4 , 9 7 4 , 3 B M R ( ) ) 6 3 6 , 5 6 4 , 1 ( B M R ( ) ) 0 6 6 , 6 5 2 , 2 ( B M R ( ) 6 6 9 , 4 6 9 D S U ( ) 2 7 3 , 6 9 2 , 6 ( % 5 9 . 4 6 ) 1 1 6 , 4 9 6 , 9 ( 9 2 9 , 7 7 9 , 8 2 ) i i ( ) 5 e t o N ( % 0 0 . 0 0 1 5 0 5 , 7 % 0 0 . 0 0 1 ) 9 2 5 , 3 ( $ ) 0 0 8 4 2 0 , 4 2 $ D S U ( - $ B M R ( ) 0 5 2 , 0 2 D S U ( ) 0 5 7 3 2 5 , 2 2 8 0 1 , 8 0 6 D S U ( - - - - - - $ - - - - - ) 0 0 8 4 2 0 , 4 2 $ ) 0 5 7 3 2 5 , 2 2 8 0 1 , 8 0 6 ) 0 5 2 , 0 2 ) 2 0 1 , 9 0 3 3 3 3 , 2 8 2 , 9 D S U ( . P R O C ) 0 0 8 D S U ( L A T I P A C G N R A O S ) i i ( I 4 2 0 , 4 2 $ y r o s i v d a d n a g n i d l o H t n e m t s e v n I . D T L , . O C ) I A H G N A H S ( R O S I V D A H T U R T I N U D E T I M I L D S U ( ) K H ( T N E M T S E V N I ) 0 5 7 D S U ( s e c i v r e s . D T L , . O C Y G R E N E Y G R E N E H C R R E V E ) i i ( I 3 2 5 , 2 2 n g i s e d d e t a r g e t n i g n i r e e n i g n e r a l o S ) G N O D N A H S ( I H C R R E V E D S U ( G N O H N O I T A R O P R O C ) 0 0 0 , 4 8 D S U ( s r e f a w l a i x a t i p e D E L n i D E L D E T I N U ) i i ( 0 2 5 , 2 2 5 , 2 s e l a s d n a g n i r u t c a f u n a m , h c r a e s e R N O I T A R O P R O C D E L D E T I N U D S U ( D E T I M I L S E T A C O S S A I D E T I M I L G N O K D O O W K A O ) i i ( 0 4 7 , 8 6 7 , 3 1 ) 4 1 0 , 5 0 2 , 3 B M R ( f o g n i r u t c a f u n a m d n a s e l a S s t i u c r i c d e t a r g e t n i Y G O L O N H C E T N A I J E H . D T L , . O C ) U O H Z U S ( - Y G O L O N H C E T N A I J E H ) i i i ( 0 8 8 , 8 2 1 d e t a r g e t n i f o t r o p p u s n g i s e D I R O T C U D N O C M E S S D D E T I N U . D T L , . O C ) U O H Z U S ( ) 0 0 0 , 0 3 B M R ( s t i u c r i c . D T L , . O C ) G N O D N A H S ( ) 5 e t o N ( ) 6 6 9 , 4 6 9 9 2 9 , 7 7 9 , 8 2 Y G O L O N H C E T N A I J E H ) i i i ( . D T L , . O C ) U O H Z U S ( D S U ( d n a N O I T A R O P R O C ) 4 9 7 , 7 9 6 , 2 1 B M R ( s t i u c r i c d e t a r g e t n i . D T L , . O C ) N E M A X I ( I P I H C O R C M D E T I N U ) i i ( 3 2 7 , 9 4 5 , 4 5 f o g n i r u t c a f u n a m d n a s e l a S R O T C U D N O C M E S D E T I N U I 4 1 6 , 2 8 0 , 4 2 1 $ 2 8 5 , 0 8 8 , 8 4 $ ) 5 2 7 , 7 2 6 , 1 D S U ( 7 1 9 , 4 1 9 , 8 3 $ ) 8 6 8 , 5 9 2 , 1 D S U ( t n e m t s e v n i n o t i m i l r e p p U A E O M , n o i s s i m m o C 9 1 0 2 , 1 3 r e b m e c e D t n e m t s e v n I y b d e z i r o h t u a s t n u o m a t n e m t s e v n I f o s a a n i h C d n a l n i a M n i t n e m t s e v n i d e t a l u m u c c A . ) n o i g e r d r i h t n i y n a p m o c e h t f o e m a n e h t y f i c e p s e s a e l P ( n o i g e r d r i h t a n i d e r e t s i g e r s e i n a p m o c h g u o r h t a n i h C d n a l n i a M n i t n e m t s e v n i y l t c e r i d n I ) i i ( : s i s a b g n i w o l l o f e h t n o d e s a b d e n i m r e t e d e r e w ) s s o l ( e m o c n i t n e m t s e v n i e h t , d o i r e p t n e r r u c n i d e z i n g o c e r ) s s o l ( e m o c n i t n e m t s e v n i e h T : 2 e t o N . s d o h t e m r e h t O ) i i i ( : g n i w o l l o f e h t e d u l c n i a n i h C d n a l n i a M n i t n e m t s e v n i n i g n i g a g n e r o f s d o h t e m e h T : 1 e t o N . a n i h C d n a l n i a M n i t n e m t s e v n i t c e r i D ) i ( . m r i f g n i t n u o c c a . . . C O R n a h t i w n o i t a r e p o o c n i m r i f g n i t n u o c c a c i l b u p d e i f i t r e c l a n o i t a n r e t n i n a y b d e t i d u a s a w t r o p e r l a i c n a n i f e h T ) i ( . y n a p m o c t n e r a p e h t f o s r o t i d u a e h t y b d e t i d u a e r e w s t n e m e t a t s l a i c n a n i f e h T ) i i ( . s r e h t O ) i i i ( d r a w n i d e t a l u m u c c A s g n i n r a e f o e c n a t t i m e r t n u o m a g n i y r r a C e m o c n i t n e m t s e v n I f o s a f o s a d e z i n g o c e r ) s s o l ( f o e g a t n e c r e P f o ) s s o l ( e m o c n i t e N d e t a l u m u c c A f o w o l f t u o m o r f t n e m t s e v n i f o s a n a w i a T , 1 3 r e b m e c e D s w o l f t n e m t s e v n I 9 1 0 2 , 1 3 r e b m e c e D 9 1 0 2 , 1 3 r e b m e c e D ) 2 e t o N ( p i h s r e n w o y n a p m o c e e t s e v n i 9 1 0 2 w o l f n I w o l f t u O d e t a l u m u c c A f o w o l f t u o m o r f t n e m t s e v n i f o s a n a w i a T 9 1 0 2 , 1 y r a u n a J t n e m t s e v n i f o d o h t e M ) 1 e t o N ( f o t n u o m a l a t o T l a t i p a c n i - d i a p s t c u d o r p d n a s e s s e n i s u b n i a M y n a p m o c e e t s e v n I ) 9 1 0 2 , 1 3 r e b m e c e D f o s a a n i h C d n a l n i a M n i t n e m t s e v n I ( 0 1 T N E M H C A T T A ) s e i c n e r r u c n g i e r o f n i r o D T N n i n o i t a n i m o n e d y c n e r r u C ; d n a s u o h t n i t n u o m A ( 336 A E O M , n o i s s i m m o C t n e m t s e v n I e h t y b d e v o r p p a n e e b s a h t n e m t s e v n i e h T . e e t s e v n i y t i u q e n a , D E T I M I L L A N O I T A N R E T N I E T I L E T S E B n i t n e m t s e v n i a i v . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H n i d e t s e v n i y l t c e r i d n i y n a p m o C e h T . e t a d t r o p e r l a i c n a n i f e h t t a s e t a r t o p s e h t g n i s u s r a l l o D n a w i a T w e N o t n i d e t a l s n a r t e r a s e i c n e r r u c n g i e r o f n i d e t a n i m o n e d s t n u o m a t n e m t s e v n i l a i t i n I : : 3 e t o N 4 e t o N . d e t t i m e r l l a n e e b s a h t n e m t s e v n i f o t n u o m a e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A . d n a s u o h t 6 5 3 , 2 2 2 , 1 D S U f o t n u o m a l a t o t e h t n i A E O M , n o i s s i m m o C t n e m t s e v n I e h t y b d e v o r p p a n e e b s a h t n e m t s e v n i s ' M X C S U n i t s e v n i o t t n e s n o c e h T . D E T I M I L H T R A E N E E R G n i t n e m t s e v n i a i v M X C S U n i d e t s e v n i y l t c e r i d n i d n a . D T L , . O C ) U O H Z U S ( Y G O L O N H C E T N A I J E H m o r f ) M X C S U ( . D T L , . O C ) N E M A X I ( I R O T C U D N O C M E S D E T I N U o t t n e m t s e v n i e h T : 5 e t o N . d e t t i m e r l l a n e e b s a h t n e m t s e v n i f o t n u o m a e h t , 9 1 0 2 , 1 3 r e b m e c e D f o s A . d n a s u o h t 9 6 5 , 3 8 3 D S U f o t n u o m a l a t o t e h t n i United Microelectronics Corporation | Annual Report 2019 The Company and Its Affiliated Enterprises Have Not Experienced Any Financial Difficulties During the Most Recent Year up to the Publication Date. 337 Financial Review United Microelectronics Corporation Representative: Stan Hung

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