United Microelectronics
Annual Report 2020

Plain-text annual report

United Microelectronics Corporation 2020 Annual Report Printed on February 24, 2021 UMC Annual Report Information Can Be Accessed from the Following Websites: https://www.umc.com https://mops.twse.com.tw TSE Code: 2303 NYSE Symbol: UMC Annual Report 2020 Spokesperson Chitung Liu Senior Vice President and Chief Financial Officer 886 (2) 2658 9168 Chitung_Liu@umc.com Fab 8F Securities Dealing Institution 3 Li-Hsin 6th Rd., Hsinchu Science Park, Hsinchu, Horizon Securities Co., Ltd. Taiwan 30078, R.O.C. 886 (3) 578 2258 Fab 8S Stock Registration Department 3F, No.236 Hsin-Yi Rd. Sec. 4, Taipei, Taiwan 10680, R.O.C. 886 (2) 2326 8818 Acting Spokesperson(s) Hsinchu, Taiwan 30077, R.O.C. 16 Creation 1st Rd., Hsinchu Science Park, http://www.honsec.com.tw Jinhong Lin Finance Division Senior Director 886 (2) 2658 9168 Jinhong_Lin@umc.com David Wong Finance Division Manager 886 (2) 2658 9168 886 (3) 578 2258 Fab 12A 18, 20 Nan-Ke 2nd Rd., & 57 Nan-Ke 3rd Rd., Southern Taiwan Science Park, Sinshih, Tainan, Taiwan 74147, R.O.C. 886 (6) 505 4888 Singapore Branch 3 Pasir Ris Drive 12, Singapore 519528 David_Wong@umc.com 65 6213 0018 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 ADR Exchange Marketplace NYSE Euronext 11 Wall Street, New York, NY 10005, U.S.A. 1 (212) 656 3000 http://www.nyse.com Ticker/Search Code: UMC Euro Convertible Bond Exchange Marketplace Singapore Exchange Securities Trading Limited 2 Shenton Way #02-02 SGX Centre 1 Singapore 068804 65 6236 8888 http://www.sgx.com Subsidiary in Mainland China HJ 333 Xinghua St., Suzhou Industrial Park, Suzhou, Jiangsu Province 215025, P.R.C. 0512 65931299 Subsidiary in Mainland China USCXM 899 Wan Jia Chun Road, Xiang’an District, Xiamen, Fujian Province, P.R.C. 0592 7687888 Subsidiary in Japan USJC 3-1 Kinko-cho, Kanagawa-ku, Yokohama, ECB Search Code: ISIN XS1228110000 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 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 https://www.umc.com Headquarters 3 Li-Hsin 2nd Rd., Hsinchu Science Park, Hsinchu, Taiwan 30078, R.O.C. 886 (3) 578 2258 Taipei Office 8F, 68 Sec. 1, Neihu Rd., Taipei, Taiwan 11493, R.O.C. 886 (2) 2658 9168 Fab 8A 3, 5 Li-Hsin 2nd Rd., Hsinchu Science Park, Hsinchu, Taiwan 30078, R.O.C. 886 (3) 578 2258 Fab 8C & Fab 8D 6, 8 Li-Hsin 3rd Rd., Hsinchu Science Park, Hsinchu, Taiwan 30078, R.O.C. 886 (3) 578 2258 Fab 8E 17 Li-Hsin Rd., Hsinchu Science Park, Hsinchu, Taiwan 30078, R.O.C. 886 (3) 578 2258 Table of Contents Letter to Shareholders 4 Capital Overview 99 Corporate Profile 8 9 Corporate Profile and Date of Establishment 10 Corporate Milestones 100 Capital and Shares 106 Issuance of Corporate Bonds 111 Preferred Shares 112 American Depositary Receipts Corporate Governance Report 13 14 Corporate Organization 16 Directors’ and Managers’ Information 37 Corporate Governance Practices 114 Employee Stock Option Handling Status 114 Issuance of New Restricted Employee Shares 115 Status of New Shares Issuance in Connection with Mergers and Acquisitions 115 Financing Plans and Execution Status 93 Certified Public Accountant (CPA) Fee Information 93 Information of CPA Change 93 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 Operations Overview 121 Business Activities 128 Overview of Market, Production, and Sales 134 Employees 135 Environmental Expenditure Information 94 Change in Shareholding of Directors, Managers and Major 135 Labor Relations Shareholders Who Own 10% or More of UMC Shares 139 Major Contracts 120 96 Relationship Among the Top 10 Shareholders 97 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 2 United Microelectronics Corporation | Annual Report 2020 Review of Financial Position, Operating 141 Results, Risk Management Financial Review 183 Condensed Balance Sheets 182 185 Condensed Statements of Comprehensive Income 187 Financial Analysis 191 Audit Committee’s Review Report 192 Financial Statements – Consolidated 269 Financial Statements – Parent Company 142 Financial Position 143 Financial Performance 144 Cash Flow 144 Major Capital Expenditures from Recent Years and Impact on Company’s Finance and Business 144 Main Reasons and Improvement Plans for Recent Annual Reinvestment Policies and Profit or Loss, and Investment Plans for the Coming Year 145 Risk Management and Evaluation 154 Other Necessary Supplements Social Responsibility 15 5 156 Description of Corporate Social Responsibility 158 About Social Charity 162 Environmental Protection, Safety and Health Management Instructions Special Disclosures 16 8 169 Summary of Affiliated Enterprises 181 Issuance of Private Placement Securities 181 Acquisition or Disposal of UMC Shares by Subsidiaries 181 Other Necessary Supplements 181 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 2020, global confirmed cases and deaths from COVID-19 continued to rise, dealing the economy a major setback and significantly impacting people’s lives. UMC’s management team addressed this unsteady situation by imposing corporate safety policies that met or exceeded those set forth by the government, confronting the epidemic head-on with our employees and working together to maintain normal operations and stable growth. 2020 Business Summary After adjusting UMC’s business strategy, the company has transformed Advanced Technologies Development into a semiconductor foundry leader focusing on specialty technologies. UMC’s advanced technology platforms including 14FFC (14nm FinFET We accomplished this by first strengthening the company’s financial Compact), 22nm ultra-low power (22ULP), 22nm ultra-low leakage structure, then expanding production capacity in a cost-competitive (22ULL) and 28nm High Performance Compact (28HPC+) process manner and optimizing our product portfolio. Examining the current technologies have already entered production. 28HPC+ was designed results reveals solid performance in the areas of strategic positioning, to support image signal processor (ISP) in 2020 and is undergoing an technology, production capacity, yield, profitability and sustainable engineering upgrade for 2021. Other newly released processes in 2020 operation. UMC’s 2020 revenue grew 19% over the prior year. Our include mmWave using 55nm, 40nm and 28nm to fulfill high performance foundry segment shipped a total of 8.9 million 8-inch equivalent wafers and low power product requirements for mobile devices, Internet of for the year, growing 24% YoY. Capacity utilization reached 97% in Things (IoT), 5G, automotive electronics and industrial radar that use 2020, growing 8% YoY. Full year revenue reached NTD 176.8 billion, mmWave. with 22.05% gross margin rate and 12.45% operating margin rate. Profit attributable to the parent company was NTD 29.19 billion or an Specialty Process Technologies Pipeline earnings per share of NTD 2.42. In 2020, UMC invested NTD 12.9 billion For specialty processes, UMC’s 28nm high voltage (HV) platform was in R&D. The cash based capex in 2020 was USD 1 billion, which was the industry’s first such technology to enter mass production and is being mainly invested in new R&D process equipment and production capacity utilized for driver ICs used in high resolution organic light-emitting display expansion at Southern Taiwan Science Park Fab 12A, Xiamen Fab 12X (AMOLED) panels. 22nm embedded high voltage (22eHV) development and Suzhou Fab 8N, as well as product mix optimization across all fabs. is also underway and on schedule. 44 44 Our Radio Frequency Silicon On Insulator (RFSOI) technology has met the stringent requirements of all 4G/5G mobile phones for RF switches. Currently, 90nm RFSOI is in mass production with 55nm RFSOI under development. At the same time, 40nm RFSOI development has begun with the intent to capture the 5G/mmWave mega-trend. For embedded flash memory technology (eFlash), 40nm SST has been introduced into mass production, while 28nm SST development progress is in line with expectations and will fulfill the demand for IoT products. 40nm Resistive Random Access Memory (ReRAM) has entered mass production. Development of 22nm Resistive Random Access Memory (ReRAM) and 22nm Embedded Magneto-resistive Random Access Memory (eMRAM) technologies are progressing as planned and will be designed into Al Internet of Things (AIoT) applications. In addition, we are actively investing in the development of gallium nitride (GaN) and microwave platforms to penetrate high-efficiency power component and 5G microwave component markets. Growing Intellectual Property Portfolio Facing intense global competition, UMC has paid special attention patents and IP protection. The overall number of patents granted to UMC has maintained steady growth. A total of 484 domestic and foreign patents were obtained in 2020, including 271 US patents, 96 ROC patents, and 117 patents from mainland China. The total number of patents granted to UMC over the years is 13,991, supporting a strong and comprehensive intellectual property portfolio that solidifies the company’s manufacturing process know-how. 5 Letter to Shareholders Corporate Governance and Sustainability UMC adheres to the sustainable vision of “people-oriented, symbiosis with the environment, and prosperity with society.” While pursuing profitable growth, we are committed to the balanced development of the three-ESG dimensions of “environment, society, and governance” and actively follow the sustainability and development goals of the United Nations. In 2020, UMC received many honors and recognitions from domestic and international institutions, governments and associations in sustainability and development, information disclosure, corporate governance, environmental protection, and customer service: Listed on the “DJSI Dow Jones Sustainability Index World Index” for 13 consecutive years Continuously selected as constituent stocks on the FTSE4Good Emerging Market and Taiwan Perpetual Indexes Received the “Taiwan Business Sustainability Report Award” for 13 consecutive years and the highest platinum award for the third time Achieved the top 5% in the “Corporate Governance Evaluation” for 6 consecutive years Received the “Green Chemistry Innovation and Application Award” from the Environmental Protection Agency for 2 consecutive years Won the “Second National Enterprise Environmental Protection Award-Giant Award” The pandemic has led to different work behaviors and spurred new market demand in several areas; artificial intelligence, advanced manufacturing, 5G communications, and quantum information technology will play a vital role in the use of semiconductor technology. UMC will 66 United Microelectronics Corporation | Annual Report 2020 continue to strengthen the company’s competitive advantages, grasp In closing, we would like to thank our customers and shareholders new market trends and provide innovative services after the pandemic for their support, and the efforts of all employees that enabled UMC is over. We will strive to maintain the established business strategy of to realize record breaking revenues in 2020 despite the impact of the improving financial strength and continuous growth. In sustainability epidemic. We will continue to pursue growth and progress and set and development, UMC’s core strategies include: (1) Optimize risk higher benchmarks, continue to invest, deepen our roots in Taiwan, and management and compliance with laws and regulations and the serve our customers across the globe so that we can create a win-win pursuit of sustainable corporate value; (2) Continue to master the key situation for shareholders, colleagues, customers, and the society. We supply chain role by establishing effective partnerships and developing would like to express our sincere gratitude to all shareholders, and we innovative business models; (3) Remain committed to technological wish you good health and happiness. innovation, combining advanced manufacturing, smart factories, data assets and core talents. President: SC Chien Chairman: Stan Hung 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 2020 Corporate Profile and Date of Establishment Founded on May 22, 1980 as Taiwan’s first semiconductor company, UMC has 12 wafer fabs located throughout Asia, including four advanced UMC has grown to become a leading global semiconductor foundry. The 12-inch fabs. Fab 12A was Taiwan’s first 12-inch fab, and has been in company provides high quality IC production with a focus on both logic volume production for customer products since 2002. This advanced and specialty technologies to serve every major sector of the electronics facility consists of Phases 1-6 and is currently manufacturing customer industry. UMC’s comprehensive technology and manufacturing solutions products using 28-nanometer High-K/Metal gate technologies. UMC’s include Logic/RF, embedded high voltage, embedded flash, RFSOI/ second 12-inch fab, Fab 12i, is located in Singapore. This facility is the BCD and IATF-16949 automotive manufacturing certification for all its company’s specialty technology center that provides highly specialized manufacturing facilities. UMC operates 12 fabs that are strategically processes on 12-inch manufacturing to serve a diverse range of product located throughout Asia with a maximum capacity of more than 750,000 applications. United Semi, located in Xiamen, China, was established as 8-inch equivalent wafers per month. The company has offices in Taiwan, southern China’s first 12-inch foundry fab and began volume production China, Europe, Japan, Korea, Singapore, and the United States. in 2016. United Semi serves China’s vast IC market and provides UMC led the development of the commercial semiconductor industry customers. Japan-based USJC, fully acquired in October of 2019, is in Taiwan. It was the first local company to offer foundry services, as UMC’s fourth 300mm fab. USJC offers foundry volume production for well as the first semiconductor company to list on the Taiwan Stock mature specialty nodes ranging from 90-nanometer to 40-nanometer. high quality, geographically diversified manufacturing for our foundry Exchange (1985). UMC has an extensive network of service offices in Taiwan, China, Europe, Japan, Korea, Singapore, and the United States In addition, UMC’s manufacturing expertise and over 40 years of with approximately 19,000 employees worldwide to meet the needs of experience ensure industry-leading cycle times and defect densities. its global customer base. UMC will continue to provide customers with Comprehensive process control systems with advanced methodologies robust process technologies and comprehensive foundry solutions, and a strong engineering team support fast product ramp. UMC’s enabling customers to continuously strengthen their competitive advanced automation, mature defect density, fast cycle times and ample advantage in today’s rapidly changing industry. capacity 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 July, 1985 July, 1995 Established 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 January, 2000 Official construction began for UMC's 12-inch fab in Tainan Science Park 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 July, 2004 90nm process was fully verified and started mass production 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 2020 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 October, 2019 Acquired 100% of MIFS 300mm fab, renamed USJC May, 2020 Celebrated 40th Anniversary November, 2020 Selected as a DJSI Global Component for 13th Consecutive Year 11 Corporate Profile 12 United Microelectronics Corporation | Annual Report 2020 Corporate Governance Report 14 16 37 93 93 93 Corporate Organization Directors’ and Managers’ Information Corporate Governance Practices Certified Public Accountant (CPA) Fee Information Information of CPA Change 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 96 Relationship Among the Top 10 Shareholders 97 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 94 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 Engineering Service • Responsible for client and regional market development in the Americas, Europe, and Asia, and provide technical support and services. Global Sales and Marketing • Responsible for global customer and operational management and market development, and provide technical support and services. • Undertake UMC's objectives, analyze market information and integrate UMC's internal resources and external competition. Formulate technical development blueprints, strategic 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 • Design, develop and manage intellectual proper 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 technologies for various mature and special process platforms. • Responsible for product engineering, malfunction and material analysis, product introduction and yield improvement for all fabs. • 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 information technology (IT). Construct data-driven advanced semiconductor smart manufacturing systems to improve product quality and yield. Improve and optimize production 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 2020 Corporate Manufacturing & Operation Resource Finance Planning Integration Corporate Legal, IP & Human New Business Development Compliance Resources Development Corporate and Operation Planning Human Resources • Develop capacity plans and operational resource integration, and assist in production and sales coordination. • Responsible for the selection, utilization, cultivation and retention of human resource and ensuring a suitable working Manufacturing Resource Integration • Responsible for company-wide plant operations, plant expansion planning and environmental safety and risk management. Finance 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 ef fectiveness 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 49,301,452 0.40 Independent Director R.O.C. Cheng-Li Huang Male 2018.06.12 <2009.06.10> 2021.06.11 Independent Director Independent Director Independent Director R.O.C. Wenyi Chu Female R.O.C. Lih J. Chen Male 2018.06.12 <2015.06.09> 2021.06.11 2018.06.12 <2018.06.12> 2021.06.11 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 0 0 0 0 16 United Microelectronics Corporation | Annual Report 2020 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; Chairman, UMC Capital Corp.; Director, Triknight Capital Corporation; Director, United Microelectronics (Europe) B.V.; 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, Qisda 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 Director R.O.C. Ting-Yu Lin Male Director R.O.C. N/A Hsun Chieh Investment Co., Ltd. Date Elected (Date Assumed) 2018.06.12 <2009.06.10> 2018.06.12 <1995.06.21> Term Expires Shareholding When Elected Present Shareholding Common Shares % Common Shares % 2021.06.11 12,547,222 0.10 12,547,222 0.10 2021.06.11 441,371,000 3.50 441,371,000 3.55 R.O.C. Representative: SC Chien Male 2018.06.12 <2016.03.01> 2021.06.11 1,894,648 0.02 9,294,648 0.07 Director R.O.C. Silicon Integrated Systems Corp. N/A 2018.06.12 <2005.06.13> 2021.06.11 315,380,424 2.50 285,380,424 2.30 U.S.A. Representative: Jason Wang Male 2018.06.12 <2015.06.09> 2021.06.11 0 0 18,715,000 0.15 Former Director R.O.C. U.S.A. Chung Laung Liu Male 2018.06.12 <2006.06.12> 2021.06.11 0 0 N/A N/A Note 1: Present shareholding figures are actual number of shares held on January 31, 2021. 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 2020 Spouse & Minor Shareholding Common Shares 0 % 0 Experience (Education) Selected Current Position at UMC and Other Companies Chairperson, Sunrox International Inc. Master in International Finance, Meiji University Director, Unimicron Technology Corp. N/A N/A N/A 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, Unimicron Technology Corp.; 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, UMC Group (USA); Director, United Microelectronics (Europe) B.V.; Director, UMC Capital Corp.; Director, United Microtechnology Corporation (California); Director, Sino Paragon Limited N/A N/A Academician, Academia Sinica Honorary Chair Professor, National Tsing Hua University Sc.D. of Massachusetts Institute of Technology N/A Note 4: Directors did not hold shares through other parties. Note 5: Presidents and Chairman are not the same person, spouses or relatives within the first degree of kinship. Note 6: Director Chung Laung Liu was dismissed on November 7, 2020. 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. (63.51%); UMC (36.49%) Silicon Integrated Systems Corp. UMC (19.01%); Hsun Chieh Investment Co., Ltd. (3.16%); Hsing-Sen Liu (1.38%); Vanguard Emerging Markets Stock Index Fund, a series of Vanguard International Equity Index Funds (1.12%); Credit Suisse Securities (Europe) Limited (1.10%); JPMorgan Chase Bank N.A., Taipei Branch in custody for Vanguard Total International Stock Index Fund, a series of Vanguard Star Funds (1.04%); Yung Chin Investment Corporation (0.63%); JPMorgan Securities Plc (0.51%); Tsung-Ming Chuang (0.48%); Wen-Hsi Chen (0.45%) Major Shareholders of UMC’s Major Institutional Shareholders Name of Institutional Shareholders Major Shareholders (Holding Percentage) Shieh Yong Capital Co., Ltd. Unimic r o n Tec hno l o gy C o r p. (16.67%); S ilic o n I nte gr ate d S ystems C o r p. (16.67%); Novatek Microelectronic s Corp. (15.15%); Yann Yuan Investment Co., Ltd. (12. 20%); Faraday Technology Corporation (12.12%); King Yuan Electronic s Co., Ltd. (7.58%) Yung Chin Investment Corporation Yung - Ken Chu (25.0 0%); H sing - Chin Chen (25.0 0%); Wen - Ping Fan (25.0 0%); Ya - Feng Chuang (25.0 0%) 20 United Microelectronics Corporation | Annual Report 2020 Number of Companies also Serves as Independent Director for Directors’ Professional Knowledge and Independence Information Criteria Five or More Years of Experience or Professional Qualification Independence Status (Note) 1 2 3 4 5 6 7 8 9 10 11 12 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 - - - - - - - - - - 0 0 0 0 0 0 1 0 Name Stan Hung SC Chien Jason Wang Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Ting-Yu Lin 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 column (1) or any person specified in columns (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 another company, and more than half of directors or voting shares of the 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 another company, and Chairman, President or Manager with equivalent position of the 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 in 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 regulations 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 (Date Assumed) Present Shareholding Spouse & Minor Shareholding Common Shares % Common Shares Chairman & Chief Strategic Officer R.O.C. Stan Hung Male 2008.07.16 49,301,452 0.40 1,269,435 President R.O.C. SC Chien Male 2004.11.23 9,294,648 0.07 President U.S.A. Jason Wang Male 2014.12.24 18,715,000 0.15 Executive Vice President R.O.C. Ming Hsu Male 2015.06.08 2,553,000 0.02 Senior Vice President R.O.C. Oliver Chang Male 2020.02.26 1,483,589 0.01 0 0 0 0 % 0.01 0 0 0 0 Senior Vice President & Chief Financial Officer Senior Vice President & General Counsel R.O.C. Chitung Liu Male 2005.10.20 3,280,217 0.03 150,000 0.00 R.O.C. Lucas S Chang Male 2018.01.01 600,000 0.00 0 0 Vice President R.O.C. TS Wu Male 2013.01.01 1,572,809 0.01 304 0.00 Vice President R.O.C. C C Hsu Male 2013.01.01 2,052,068 0.02 Vice President R.O.C. M C Lai Male 2015.03.30 2,426,863 0.02 Vice President R.O.C. G C Hung Male 2015.01.28 1,940,791 0.02 Vice President R.O.C. Wenchi Ting Male 2017.01.03 150,000 0.00 0 0 0 0 0 0 0 0 22 United Microelectronics Corporation | Annual Report 2020 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 Senior Vice President, UMC Bachelor in Physics, Chinese Culture University Senior Vice President & Chief Financial Officer, UMC EMBA in Business Administration, National Taiwan University Senior Vice President & General Counsel, UMC J.D. in Law, University of Santa Clara Vice President, UMC Master in Electronic Engineering, National Chiao Tung University Vice President, UMC Master in Materials Science & Engineering, National Tsing Hua University Chairman, Fortune Venture Capital Corp.; Chairman, TLC Capital Co., Ltd.; Chairman, Faraday Technology Corporation; Chairman, UMC Capital Corp.; Director, Triknight Capital Corporation; Director, United Microelectronics (Europe) B.V.; Director, UnitedDS Semiconductor (Shandong) Co., Ltd. Director, Fortune Venture Capital Corp.; Director, TLC Capital Co., Ltd.; Director, Unimicron Technology Corp.; Director, UMC Capital Corp. Director, Fortune Venture Capital Corp.; Director, TLC Capital Co., Ltd.; Director, UMC Group (USA); Director, United Microelectronics (Europe) B.V.; Director, UMC Capital Corp.; Director, United Microtechnology Corporation (California); Director, Sino Paragon Limited Director, United Semiconductor Japan Co., Ltd. None 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. Director, Alpha and Omega Semiconductor Limited None Vice Chairman, United Semiconductor (Xiamen) Co., Ltd. Vice President, UMC Bachelor in Materials Science & Engineering, National Tsing Hua University Chairman, Wavetek Microelectronics Corporation; Director, Wavetek Microelectronics Investment (Samoa) Limited; Director, HeJian Technology (Suzhou) Co., Ltd. Vice President, UMC Master in Chemical Engineering, National Taiwan University Vice President, UMC Ph.D. in Computer Information Science, University of Texas at Austin Director, Wavetek Microelectronics Corporation Director, Asia Pacific Microsystems, Inc. 23 Corporate Governance Report Managers’ Information (Continue) Title Nationality Name Gender Date Elected (Date Assumed) Vice President R.O.C. Jerry CJ Hu Male 2013 .04.02 1,245,000 Vice President R.O.C. Y S Shen Male 201 4 .01.13 950,000 0.01 Vice President R.O.C. Steven S Liu Male 201 7.04.24 1,800,000 0.01 Present Shareholding Spouse & Minor Shareholding Common Shares % 0.01 Common Shares 0 0 0 % 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 3,190,809 0.03 152,138 0.00 Vice President R.O.C. S S Hong Male 2013 .01.01 616,406 0.00 Vice President R.O.C. Francia Hsu Female 2016 . 03.16 1,321,000 0.01 0 0 0 0 Vice President R.O.C. Mindy Lin Female 2018.05.14 1,643,925 0.01 781,408 0.01 R.O.C. Eric Chen Male 2 0 11 . 02.14 1,550,000 0.01 0 0 R.O.C. Johnson Liu Male 2 014 .11.04 536,413 0.00 401,631 0.00 R.O.C. Victor Chuang Male 2 0 19 .03.28 464,671 0.00 13,943 0.00 R.O.C. Chuck Chen Male 2 0 19 .03.28 550,000 0.00 R.O.C. S F Tzou Male 2013.01.01 1,679,108 0.01 0 0 0 0 R.O.C. Le Tien Jung Male 2013.01.01 880,000 0.01 20,000 0.00 R.O.C. Yau Kae Sheu Male 2014.01.13 1,320,000 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 2020 Experience/Education Selected Current Position at Other Companies Vice President, UMC Ph.D. in Materials Science & Engineering, Stanford University 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 Vice President, UMC Master in Industrial Engineering, National Chiao Tung University Vice President, UMC Master in Business Administration, University of Leicester 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 None Director, Faraday Technology Corporation None None None Chairman, United Semiconductor Japan Co., Ltd. None None Director, Best Elite International Limited None None None None None None 25 Corporate Governance Report Managers’ Information (Continue) Title Nationality Name Gender Date Elected (Date Assumed) R.O.C. J Y Wu Male 2014.05.01 1,0 0 0,191 R.O.C. Osbert Cheng Male 2014.08.01 755,000 0.01 Present Shareholding Spouse & Minor Shareholding Common Shares % 0.01 Common Shares 587 0 % 0.00 0 R.O.C. Steven Hsu Male 2016.03.16 510,000 0.00 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 0 140,146 0.00 R.O.C. Remi Yu Male 2019.1 1 . 1 5 383,000 0.00 R.O.C. Michael CY Wang Male 2019.1 2 . 3 1 0 0 R.O.C. Ji Fu Kung Male 2013.01.01 827,741 0.01 0 0 0 0 0 0 R.O.C. C P Yen Male 2015.09.16 758,645 0.01 512,000 0.00 R.O.C. Pang Min Wang Male 2018.09.14 221,126 0.00 R.O.C. Ray Yang Male 2020.07.01 376,274 0.00 R.O.C. Bellona Chen Female 2020.08.01 555,126 0.00 R.O.C. Louis Hsieh Male 2020.10.01 200,000 0.00 16 117 0 0 0.00 0.00 0 0 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 Former Associate Vice President R.O.C. C Y Hsu Male 2017.04.17 N/A N/A N/A N/A Note 1: CY Hsu, former manager, was dismissed in 2020. Note 2: Present shareholding figures are actual number of shares held on January 31, 2021. 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: Presidents and Chairman are not the same person, spouses or relatives within the first degree of kinship. 26 United Microelectronics Corporation | Annual Report 2020 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 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 Integrated Manufacturing Systems Engineering, North Carolina State University Associate Vice President, UMC Master in Electrical Engineering, The Ohio State University Associate Vice President, UMC Master in Business Administration, Columbia University Associate Vice President, UMC Master in Chemistry department, University of Missouri_Rolla Campus Former Associate Vice President, UMC EMBA. National Chiao Tung University None None None None None None None None None None None Director, ITE Tech Inc.; Director, ECP Vita Pte. Ltd.; Supervisor, Fortune Venture Capital Corp. None 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 Companies in the Consolidated Financial Statements The Company 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 Director Director Director Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Ting-Yu Lin Hsun Chieh Investment Co., Ltd. Representative: SC Chien Silicon Integrated Systems Corp. Representative: Jason Wang Former Director Chung Laung Liu 0 173 0 0 32,369 55,369 9,800 9,890 0.14 0.22 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 2020 Base Compensation Bonuses and Special Expenses etc. (E) The Company Companies in the Consolidated Financial Statements Compensation Earned by a Director Who Is an Employee of UMC or UMC’s Consolidated Entities Severance Pay and Pensions (F) 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 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 150,339 159,875 292 292 25,110 0 25,110 0 0.75 0.86 2,987 29 Corporate Governance Report Remuneration Paid to Directors (Including Independent Directors), Presidents and Vice Presidents (Continue) Remuneration Range for Each Director in the Company Sum of the First 4 Items (A+B+C+D) Sum of the First 7 Items (A+B+C+D+E+F+G) Names of Directors The Company SC Chien Jason Wang Stan Hung Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Chung Laung Liu Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Ting-Yu Lin Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Chung Laung Liu Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Chung Laung Liu Hsun Chieh Investment Co., Ltd. Silicon Integrated Systems Corp. Chung Laung Liu Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Ting-Yu Lin Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Ting-Yu Lin SC Chien Jason Wang Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Ting-Yu Lin Stan Hung Stan Hung SC Chien Jason Wang Stan Hung SC Chien Jason Wang 11 11 11 11 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 30 United Microelectronics Corporation | Annual Report 2020 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 81,257 101,233 2,255 2,255 390,037 402,553 Chairman & Chief Strategic Officer Stan Hung President President Executive Vice President SC Chien Jason Wang 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 TS Wu 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 Vice President Vice President SR Sheu M L Liao S S Hong Vice President Francia Hsu Vice President Mindy Lin Vice President & Chief Human Resources Officer Eric Chen 32 United Microelectronics Corporation | Annual Report 2020 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 113,700 0 113,700 0 2.01 2.12 4,362 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 Names of Presidents and Vice Presidents The Company Companies in the Consolidated Financial Statements Mindy Lin Mindy Lin Oliver Chang, Chitung Liu, Lucas S Chang, 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 Oliver Chang, Chitung Liu, Lucas S Chang, 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 Ming Hsu Ming Hsu Stan Hung, SC Chien, Jason Wang Stan Hung, SC Chien, Jason Wang 21 21 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 34 United Microelectronics Corporation | Annual Report 2020 Remuneration Paid to Directors (Including Independent Directors), Presidents and Vice Presidents (Continue) Employees’ Profit Sharing Bonus Paid to Management Team Title Name Stock Cash In Thousand NTD Total 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 Senior Vice President & Chief Financial Officer Oliver Chang 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 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 Mindy Lin 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 Remi Yu Associate Vice President Michael CY Wang Associate Vice President Ji Fu Kung Associate Vice President C P Yen Associate Vice President Pang Min Wang Associate Vice President Ray Yang Associate Vice President Bellona Chen Associate Vice President Louis Hsieh Former Associate Vice President C Y Hsu 0 174,660 174,660 0.60 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 (%) 2020 2019 The Company Companies in the Consolidated Financial Statements The Company Companies in the Consolidated Financial Statements 29,189,489 29,189,489 9,707,614 9,707,614 0.14 2.01 0.22 2.12 0.18 2.13 0.30 2.42 Note: 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. The Company’ s compensation for Directors and Executive officers 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 according Compensation to the Rules for Performance Assessment of the Board of Directors Pursuant to UMC’s Articles of Incorporation, Article 21-1, the Company and the Performance Appraisal for employees of UMC, in order to shall allocate no more than 0.2% of profit as directors’ (including decide their compensation. An adequate compensation scheme will be Independent Directors) compensation for each profitable fiscal year calculated by referencing the Company’s operation results, future risks, after offsetting any cumulative losses. Directors (including Independent corporate strategies, industry trends, and also individual contribution. The Directors) may only receive compensation in cash. In accordance performance assessment and compensation proposals were reviewed with Article 17, remunerations for all directors (including Independent and approved by Remuneration Committee and Board of Directors. Directors) shall be decided by the Board of Directors authorized by a The Company will review the remuneration policy foresaid based on meeting of shareholders according to involvements and contributions to macroeconomics and business strategies to achieve both corporate the Companies’ operation and at the normal rate adopted by other firms sustainability and interest of stakeholders. of the same industry. 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 2020 Corporate Governance Practices Information of Board Meeting Operation Board Meetings were held 8 times in 2020; all independent directors attended each meeting in person; the average attendance rate of all directors was 97.18%; the attendances of directors were as follows: Title Name Chairman Stan Hung Independent Director Independent Director Independent Director Independent Director Former Director Director Director Cheng-Li Huang Wenyi Chu Lih J. Chen Jyuo-Min Shyu Chung Laung Liu Ting-Yu Lin Hsun Chieh Investment Co., Ltd. Representative: SC Chien Director Silicon Integrated Systems Corp. Representative: Jason Wang Attendance in Person By Proxy Attendance Rate (%) Remarks 8 8 7 8 8 7 8 8 8 0 0 1 0 0 0 0 0 0 100.00 100.00 87.50 100.00 100.00 100.00 100.00 100.00 100.00 Dismissed on November 7, 2020 Other mentionable items: 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 39-41 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) Proposal for UMC’s donation to UMC Science and Culture Foundation on February 26, 2020: 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. (2) Proposal for approving the distributable compensation for managerial officers on February 26, 2020, June 17, 2020, July 29, 2020, and September 2, 2020: 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. 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 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 the “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. In addition to conducting a board performance evaluation every year, the Company also engaged with TAIWAN CORPORATE GOVERNANCE ASSOCIATION to implement performance evaluation of the Board of Directors in 2020; please refer to the Company’s website for the evaluation report: https://www.umc.com/en/IR_Director/directors_information Note : Attendance rate is calculated using the number of meetings each board member actually attends and total number of board meetings held within his or her service period. 37 Corporate Governance Report Execution Status of the Board Evaluation Evaluation Cycle Evaluation Period Evaluation Scope Evaluation Method Evaluation Content Annually 2020/1/1~2020/12/31 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. 38 United Microelectronics Corporation | Annual Report 2020 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 Audit Committee is responsible for periodic review of the following important annual matters: the Company Act, Securities and Exchange Act and other relevant • Financial statements regulations. Since UMC is listed on the NYSE, it also has to comply with • Internal control system the U.S. regulations regarding foreign issuers. The Audit Committee is • Material transactions of assets, derivatives, loans, comprised of all independent directors, with 2 financial experts and endorsements, guarantees operating according to the Audit Committee Charter (please refer to the • Audit plans of internal and external auditors and their Company’s website at https://www.umc.com/upload/media/08_Investors/ execution status Corporate_Governance/Audit_Committee/Audit_Committee_Charter_ • Engaging and removing the Company’s independent Eng.pdf). auditors and accessing such auditors’ remuneration and According to the relevant regulations, the Audit Committee shall convene independence at least four regular meetings per year. In 2020 a total of five meetings • Risks and control procedures of compliance with were convened; it shall also maintain good communication channels with government law the Company’s internal auditors, independent auditors, and management. • Execution of documentation that involves government agencies • Implementation of Whistleblower Program and Code of Conduct Information of Audit Committee Operation There were five Audit Committee meetings in 2020, 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 4 5 5 0 1 0 0 100.00 Audit Committee convener 80.00 100.00 100.00 39 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 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 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. Resolution of the Audit Committee Company’s Response to the Opinion of the Audit Committee Approved by all members present in the meeting. Approved by directors participating in the discussion and voting in the board meeting. April 27, 2020, the 14th meeting of the 14th session July 29, 2020, the 17th meeting of the 14th session 1. Approved the Q1, 2020 Consolidated Financial Statements. 2. Approved the proposal for private placement based on future operation needs and will propose this at the 2020 Annual General Meeting for discussion. Approved by all members present in the meeting. 1. Approved the Q2, 2020 Consolidated Financial Statements. 2. Approved to adjust the endorsement and guarantee of the loan for United Semiconductor (Xiamen) Co., Ltd. 3. Approved the disposal of machinery equipment to United Semiconductor Approved by all members present in the meeting. (Xiamen) Co., Ltd. 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. 40 United Microelectronics Corporation | Annual Report 2020 Operation of the Audit Committee (Continue) Date/Session of Board Meeting Content of Motion October 29, 2020, the 19th meeting of the 14th session December 16, 2020, the 20th meeting of the 14th session February 24, 2021, the 21st meeting of the 14th session 1. Approved the Q3, 2020 Consolidated Financial Statements. 2. Approved to decrease the endorsement and guarantee of the loan for United Semiconductor (Xiamen) Co., Ltd. 3. Approved the Company to proceed with a potential investment to expand capacity. 1. Approved the revision of the internal control system and internal audit implementation rules. 2. Approved for UMC’s Singapore branch to lend funds to United Semiconductor (Xiamen) Co., Ltd. 3. Approved to adjust the endorsement and guarantee of the loan for United Semiconductor (Xiamen) Co., Ltd. 4. Approved the loan commitment to banks for United Semiconductor (Xiamen) Co., Ltd. 1. Approved the 2020 Consolidated Financial Statements (including Parent Company only Financial Statements). 2. Approved the 2020 Statement of Internal Control System. 3. Approved the content of appointed service and fee for the independent auditor appointed in 2021. 4. Approved the Company’s donation to UMC Science and Culture Foundation. 5. Approved termination of the issuance plan for private placement, which was approved at the 2020 Annual General Meeting. 6. Approved the proposal for private placement based on future operation needs and will propose this at the 2021 Annual General Meeting for discussion. 7. Approved the acquisition of the Right-of-Use Asset from subsidiary Wavetek Microelectronics Corporation. 8. Approved the issuance of unsecured straight corporate bonds. 9. Approved engagement in derivatives trading. Resolution of the Audit Committee Company’s Response to the Opinion of the Audit Committee 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. Approved by all members present in the 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 2020. 2. Implementation of avoidance of independent director with respect to motion of stake: there was no such situation in the Audit Committee in 2020. 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 each month. 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 and semi-annually separate meeting. (2) 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 during the Audit Committee’s quarterly meetings and separate meeting at least once a year. 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, and 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: https://www.umc.com/en/IR_Audit/audit_committee. 41 Corporate Governance Report Corporate Governance Implementation Status and Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” Evaluation Item Yes No 1. Does the company establish and disclose the Corporate Governance Best-Practice Principles based on “Corporate Governance Practice Principles for TWSE/TPEx Listed Companies?” 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 it 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? 42 United Microelectronics Corporation | Annual Report 2020 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: https://www.umc.com/upload/media/08_Investors/Corporate_Governance/ Major_Internal_Policies/UMC_Corporate_Governance_Practice_Principles_20191030_eng.pdf. None UMC has designated a specific contact window (ir@umc.com) and included an Investor Relations section on the Stakeholder Contacts of the Company’s website to deal with shareholders’ suggestions, doubts, disputes and litigations. Please refer to the Company’s website for stakeholders’ contact: https://www.umc.com/en/Html/stakeholder_contacts. UMC deals with shareholders’ suggestions, litigation based doubts, disputes and on “The Corporate Governance Best- Practice Principles for TWSE/TPEx Listed Companies.” UMC does not establish an internal operating procedure. None None None None UMC possesses the list of its major shareholders as well as the ultimate owners of those shares. 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”). UMC has formulated the Provisions on Insider Trading Prevention Policies and Control Procedures and is committed to advocating policies against insider trading. 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 also established criteria to ensure the diversity of the Board members. The UMC Board of Directors comprises of 8 members, including 4 seats for independent directors and 1 for a non-executive director; 3 serve as administrative directors. More than half of the director seats are filled by members of outside companies. There is 1 seat currently reserved for a female director. Based on our policy of gender equality, UMC will increase the female director seats progressively. The tenures of independent directors are also diversified; there is 1 director that has served for 12 years, 1 director for 6 years and 2 directors for 3 years. The Board of UMC is composed of members with diversified backgrounds of industry, government and academy. The experiences of Board members include the president of national university, academician of Academia Sinica, the Minister of Science and Technology, the president of ITRI, financial experts in finance, accounting and strategy management fields, and professionals from the semiconductor industry and ICT business administration. The directors satisfy basic criteria and professionalism requirements, and through activities of the sub-committees, can also contribute their experiences to supervise and govern issues related to corporate governance, environmental sustainability, corporate social responsibility, legal compliance and human rights protection. 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: https://www.umc.com/en/IR_Director/directors_information. 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 one 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 UMC’s website at https://www.umc.com/en/Html/ capital_budget_committee and https://www.umc.com/en/Html/nominating_committee. None 43 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? 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 affairs (including but not limited to providing information for legal compliance, handling matters relating to board meetings and shareholders meetings according to laws, producing minutes of board meetings and shareholders functions, assisting directors and supervisors with directors and supervisors to perform their meetings)? 44 United Microelectronics Corporation | Annual Report 2020 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 individual board members’ None performance. In 2020, 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 24, 2021. The performance result was “Excellent.” For a new director, the board provides proper orientation to enable him or her to understand his or her duties and to familiarize him or her with the Company’s operation and environment. 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. After the first performance evaluation conducted by an external assessment institution in 2018, the Company re-engaged with an external assessment institution to implement performance evaluation of the Board of Directors in 2020. Please refer to the Company’s website for “The Rules for Performance Evaluation of the Board of Directors”: https://www.umc.com/en/IR_Director/directors_information. The Company’s Directors’ Compensation is regulated in the Company’s Articles of Incorporation. The Company shall allocate no more than 0.2% of profit as directors’ compensation for each profitable fiscal year, and 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 is evaluated by the Board of Directors. The evaluation results of the most recent two years were completed on February 26, 2020 and February 24, 2021. The evaluation items are as follows: A. Auditor Independence Declaration. B. All 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 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, and external auditors’ experience as well as the communication and interaction between external auditors, management and internal audit supervisors. The external auditor and the Audit Committee should have regular communication and interaction. Whether UMC’s independent directors and relevant senior executives are independent from the external auditor. The Company does not appoint any individual who have served as an auditor in an accounting firm as a senior financial supervisor or who has the authority to make major decisions, or if there are any legal proceedings, etc. Upon nomination by the Nominating Committee of UMC, the Board of Directors appointed Mr. Chitung Liu, the Senior Vice President and CFO of UMC, as the Chief Corporate Governance Officer on March 6, 2019. The position is accountable for corporate governance matters, including preparation and execution of agenda and matters relating to the Shareholders’ Meeting, the Board, Audit Committee, Remuneration Committee, Capital Budget Committee and Nominating Committee, assistance in fulfilling requests by directors to perform duties and provide information, and is also responsible for ensuring legal compliance of the Board, promoting communication and dialogue between the management team and the directors, and among the board members, and communicating with the independent directors on corporate governance-related affairs on a regular basis every year. The Chief Corporate Governance Officer has been in a managerial position for at least three years in a public company in handling financial and stock affairs, and completed professional training in accordance with laws and regulations. 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 5. Does the company establish a communication channel and build a designated section on its website for stakeholders (including but not limited to shareholders, employees, customers, and suppliers), as well as handle all the issues they care for in terms of corporate social responsibilities? Yes No 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? (2) Does the company have other information disclosure channels (e.g. building an English website, appointing designated people to handle information collection and disclosure, creating a spokesman system, webcasting investor conferences)? (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 governance practices (e.g., including but not limited to employee rights, employee wellness, investor relations, supplier relations, rights of stakeholders, directors’ and supervisors’ training records, the implementation of risk management policies and risk evaluation measures, the implementation of customer relations policies, and purchasing insurance for directors and supervisors)? 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. 46 United Microelectronics Corporation | Annual Report 2020 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons 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 discloses 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 UMC has appointed Horizon Securities Co., Ltd., a professional shareholder service agency, to deal with shareholder affairs. None None None None 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: https://www.umc.com/en/IR/ir_overview. 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: https://www.umc.com. 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 2020 annual financial report was completed on February 24, 2021. (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 Continuing Education/Training of Directors, please refer to pages 48-50 of this annual report. (2) Board meeting attendance: Please refer to Page 37-41 on Board of Directors Operations and Audit Committee Operations, and Page 57-59 on Remuneration Committee Operations in this annual report. (3) Risk management policies and risk measurement standards implementation: Please refer to Page 145 on Risk Management and Evaluation in this annual report. (4) Customer policy implementation: Please refer to Page 128 on Overview of Market, Production, and Sales in this annual report and the Corporate Social Responsibility Report on the UMC website at https://www.umc.com/en/Download/ corporate_sustainability_reports. (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 https://www.umc. com/en/Download/corporate_sustainability_reports. (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 2020 and was reported during the last Board Meeting. (7) UMC website for corporate governance policies and implementation: https://www.umc.com/en/Html/ir_corporate_ governance. UMC was in the top 5% of rankings in “Corporate Governance Evaluation” for six consecutive years since 2015. To implement corporate governance and enhance the Company’s board functions, 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 are established by the Nominating Committee. To improve information transparency, the Company announces its financial reports within two months after the end of the fiscal year. 47 Corporate Governance Report Continuing Education/Training of Directors in 2020: Title Name Study Period Sponsoring Organization Course Chairman Stan Hung 2020.07.24 2020.07.24 From To 2020.10.27 2020.10.27 2020.11.25 2020.11.25 Independent Director Cheng-Li Huang 2020.09.21 2020.09.21 TAIWAN CORPORATE GOVERNANCE ASSOCIATION INDEPENDENT DIRECTOR ASSOCIATION TAIWAN The Development Trend, Model and Practice of Corporate Governance and Corporate Social Responsibility The Strategy and Tool Application of Employee Reward TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trend, Impact and Adaptive Strategy of U.S.-China Trade War and Global Change TAIWAN STOCK EXCHANGE CORPORATION Corporate Governance 3.0 -Sustainable Development Roadmap Forum 2020.09.22 2020.09.22 TAIWAN INSTITUTE OF DIRECTORS 2020.09.24 2020.09.24 SECURITIES & FUTURES INSTITUTE KPMG Leadership Institute Forum: Response of Upheaval Risk and Enhancement of Corporate Governance Insider Trading Prevention and Insider Equity Trading Advocacy Meeting in 2020 2020.11.25 2020.11.25 Independent Director Wenyi Chu 2020.10.16 2020.10.16 2020.11.25 2020.11.25 Independent Director Lih J. Chen 2020.09.11 2020.09.11 2020.11.25 2020.11.25 TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trend, Impact and Adaptive Strategy of U.S.-China Trade War and Global Change TAIWAN STOCK EXCHANGE CORPORATION 2020 Corporate Governance and Anti-corruption Seminar TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trend, Impact and Adaptive Strategy of U.S.-China Trade War and Global Change SECURITIES & FUTURES INSTITUTE Insider Trading Prevention and Insider Equity Trading Advocacy Meeting in 2020 TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Trend, Impact and Adaptive Strategy of U.S.-China Trade War and Global Change Training Hours Compliance with Regulations (Note) 3 3 3 3 3 3 3 3 3 3 3 Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes 48 United Microelectronics Corporation | Annual Report 2020 Continuing Education/Training of Directors in 2020: Title Name Study Period Independent Director Jyuo-Min Shyu From To 2020.03.24 2020.03.24 Sponsoring Organization Course TAIWAN CORPORATE GOVERNANCE ASSOCIATION The Introduction of Ethical Corporate Management Best Practice Principles for TWSE/GTSM Listed Companies and ISO 37001 Anti-bribery management systems The Impact of COVID-19 on the Economy, Trade and Industry and its future prospects 2020.05.12 2020.05.12 TAIWAN CORPORATE GOVERNANCE ASSOCIATION 2020.08.18 2020.08.18 TAIWAN INSTITUTE OF DIRECTORS Corporate Transformation in Revolution Age 2020.09.21 2020.09.21 2020.11.25 2020.11.25 Director Ting-Yu Lin 2020.09.24 2020.09.24 2020.11.25 2020.11.25 TAIWAN STOCK EXCHANGE CORPORATION TAIWAN CORPORATE GOVERNANCE ASSOCIATION SECURITIES & FUTURES INSTITUTE TAIWAN CORPORATE GOVERNANCE ASSOCIATION Corporate Governance 3.0 -Sustainable Development Roadmap Forum The Trend, Impact and Adaptive Strategy of U.S.-China Trade War and Global Change Insider Trading Prevention and Insider Equity Trading Advocacy Meeting in 2020 The Trend, Impact and Adaptive Strategy of U.S.-China Trade War and Global Change Training Hours Compliance with Regulations (Note) 1.5 Yes 1.5 Yes 3 3 3 3 3 Yes Yes Yes Yes Yes 49 Corporate Governance Report Continuing Education/Training of Directors in 2020: Title Name Study Period Sponsoring Organization Course Representative of Juristic-Person Director Representative of Juristic-Person Director From To SC Chien 2020.09.11 2020.09.11 SECURITIES & FUTURES INSTITUTE 2020.11.25 2020.11.25 Jason Wang 2020.07.24 2020.07.24 TAIWAN CORPORATE GOVERNANCE ASSOCIATION TAIWAN CORPORATE GOVERNANCE ASSOCIATION Insider Trading Prevention and Insider Equity Trading Advocacy Meeting in 2020 The Trend, Impact and Adaptive Strategy of U.S.-China Trade War and Global Change The Development Trend, Model and Practice of Corporate Governance and Corporate Social Responsibility 2020.10.27 2020.10.27 INDEPENDENT DIRECTOR ASSOCIATION TAIWAN The Strategy and Tool Application of Employee Reward Former Director Chung Laung Liu 2020.04.28 2020.04.28 2020.07.24 2020.07.24 TAIWAN CORPORATE GOVERNANCE ASSOCIATION TAIWAN CORPORATE GOVERNANCE ASSOCIATION Adaptive Strategy of Corporate Restructuring The Development Trend, Model and Practice of Corporate Governance and Corporate Social Responsibility Training Hours Compliance with Regulations (Note) 3 3 3 3 3 3 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.” 50 United Microelectronics Corporation | Annual Report 2020 Continuing Education/Training of Managers in 2020: Title Name Course Date Organizer Course Title Course Hours Senior Vice President & Chief Financial Officer Chitung Liu 2020.01.14 2020.01.16 2020.04.28 2020.06.16 ACCOUNTING RESEARCH AND DEVELOPMENT FOUNDATION ACCOUNTING RESEARCH AND DEVELOPMENT FOUNDATION ACCOUNTING RESEARCH AND DEVELOPMENT FOUNDATION ACCOUNTING RESEARCH AND DEVELOPMENT FOUNDATION The Competent Authority Requires the Establishment of“Corporate Governance Director/ Personnel”Practice Analysis Corporate Governance Practices: The Impact and Response of the Newly Released“Labor Litigation Act”on Companies Enhancing the Self-Editing Ability of Financial Reports: Internal Control, Internal Audit and Information Technology Common Corporate Governance Deficiencies and Related Laws and Regulations 3 3 3 3 President Executive Vice President Vice President Vice President Vice President Vice President & Chief Human Resources Officer SC Chien Ming Hsu M C Lai SR Sheu Mindy Lin Eric Chen 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 Victor Chuang Chuck Chen Le Tien Jung Yau Kae Sheu J Y Wu Osbert Cheng Remi Yu Michael CY Wang Ji Fu Kung C P Yen Pang Min Wang Ray Yang 2020.07.03 UNITED MICROELECTRONICS CORP. 【2020 Master Forum】Global Economic Trends: Populism, COVID-19 and Negative Interest Rates 1.5 51 Corporate Governance Report Continuing Education/Training of Managers in 2020: Title President President Executive Vice President Name Course Date Organizer Course Title Course Hours SC Chien Jason Wang Ming Hsu UNITED MICROELECTRONICS CORP. 【Legal Course】 Introduction of Trade Secrets Act 2 Senior Vice President Oliver Chang Senior Vice President & Chief Financial Officer Chitung Liu Vice President TS Wu Vice President G C Hung Vice President Jerry CJ Hu Vice President Vice President Vice President SR Sheu M L Liao S S Hong Vice President Francia Hsu Vice President Vice President & Chief Human Resources Officer Mindy Lin Eric Chen Victor Chuang Chuck Chen 2020.07.07 S F Tzou Le Tien Jung Yau Kae Sheu J Y Wu Steven Hsu Yanan Mou Remi Yu Michael CY Wang Ji Fu Kung C P Yen Pang Min Wang Ray Yang C Y Hsu 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 Former Associate Vice President 52 United Microelectronics Corporation | Annual Report 2020 Continuing Education/Training of Managers in 2020: Title Vice President Vice President Name TS Wu M C Lai Vice President Jerry CJ Hu Vice President Vice President & Chief Human Resources Officer Mindy Lin Eric Chen Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Chairman & Chief Strategic Officer President President Executive Vice President Victor Chuang Chuck Chen S F Tzou J Y Wu Osbert Cheng Michael CY Wang Pang Min Wang Ray Yang Stan Hung SC Chien Jason Wang Ming Hsu Senior Vice President Oliver Chang Senior Vice President & Chief Financial Officer Chitung Liu Vice President Vice President Vice President Vice President TS Wu G C Hung Wenchi Ting Jerry CJ Hu Vice President Y S Shen Vice President Steven S Liu Vice President Vice President Vice President Vice President & Chief Human Resources Officer M L Liao S S Hong Mindy Lin Eric Chen Course Date Organizer Course Title Course Hours 2020.08.07 2020.08.14 UNITED MICROELECTRONICS CORP. 【Executive Program】Financial-Driven Capital Budgeting and Management Decision Quality 4 2020.11.25 UNITED MICROELECTRONICS CORP. China-US Economic and Trade Confrontation and Global Changes: Trends and Impact Strategies 3 53 Corporate Governance Report Continuing Education/Training of Managers in 2020: Name Course Date Organizer Course Title Course Hours SC Chien Jason Wang Ming Hsu Oliver Chang TS Wu M C Lai Wenchi Ting Jerry CJ Hu SR Sheu M L Liao Mindy Lin Victor Chuang Chuck Chen S F Tzou Yau Kae Sheu Osbert Cheng Steven Hsu Remi Yu Michael CY Wang Ji Fu Kung Pang Min Wang Ray Yang Louis Hsieh 2020.12.01 UNITED MICROELECTRONICS CORP. 【2020 Master Forum】Business Changes and Challenges in the Next Ten Years 1.5 Title President President Executive Vice President Senior Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President 54 United Microelectronics Corporation | Annual Report 2020 Continuing Education/Training of Managers in 2020: Title Name Course Date Organizer Course Title Course Hours Senior Vice President Oliver Chang Senior Vice President & Chief Financial Officer Chitung Liu Vice President TS Wu Vice President Jerry CJ Hu Vice President Vice President SR Sheu M L Liao Vice President Francia Hsu Vice President & Chief Human Resources Officer Eric Chen Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Associate Vice President Victor Chuang Chuck Chen Le Tien Jung Osbert Cheng Remi Yu Pang Min Wang Ray Yang 2020.12.02 UNITED MICROELECTRONICS CORP. Three lines of Defense of Internal Control and Practical Case Sharing 2 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 2020. The senior executive courses are as follows: 【2020 Master Forum】A total of two sessions were held, with a total of 166 supervisors participating, and a course satisfaction rating of 92.8%. 【Executive Program】A total of two sessions were held, with a total of 59 supervisors participating, and a course satisfaction rating of 92.9%. 55 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 can inquire about and download Corporate Governance related information from: https://www.umc.com/en/Html/ir_corporate_governance. For corporate governance implementation status, please refer to pages 37-92 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: https://www.umc.com/en/Download/major_internal_policies. 56 United Microelectronics Corporation | Annual Report 2020 Information on the Members of the Remuneration Committee Status Name/ Condition Has at Least 5 Years of Work Experience and the Following Professional Qualifications Meet Criteria of Independence (Note) 1 2 3 4 5 6 7 8 9 10 Work Experience Necessary for Business Administration, Legal Affairs, Finance, Accounting, or Business Sector of the Company 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 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 Yes Yes Yes Yes Yes Number of Other Public Companies Where the Member Concurrently Serves as a Member in the Remuneration Committee 0 0 0 1 Note: For those members who match the condition listed below during and two years before the 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 column (1) or any person specified in columns (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 among 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 regulations 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. 57 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 convened 5 Remuneration Committee meetings in 2020 with the following attendance: Title Name Number of Actual Attendance Number of Proxy Attendance Rate of Actual Attendance (%) Note Independent Director Independent Director Independent Director Independent Director Wenyi Chu Cheng-Li Huang Lih J. Chen Jyuo-Min Shyu 4 5 5 5 1 0 0 0 Note: Attendance Rate (%) is based on the committee member’s attendance during her/his term of service. 80.00 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 2020: Date/ Meeting Proposal Resolution February 26, 2020, The 6th meeting of the 4th session April 27, 2020, The 7th meeting of the 4th session 1. Directors’ 2019 remuneration 2. Review the structure of management team’s compensation and performance evaluation system, and also propose the management team’s compensation. 3. Revise the Remuneration Committee Charter. 1. Revise UMC Corporate Governance statement. June 17, 2020, The 8th meeting of the 4th session 1. Management team’s 2020 salary review 2. Proposal of management team’s compensation structure Approved by all members present in the meeting. Approved by all members present in the meeting. Approved by all members present in the meeting. 58 The Company's Handling of the Opinions of the Remuneration Committee 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. United Microelectronics Corporation | Annual Report 2020 Date/ Meeting Proposal Resolution July 29, 2020, The 9th meeting of the 4th session September 2, 2020, The 10th meeting of the 4th session 1. Proposal of the management team’s compensation 1. Proposal of the management team’s compensation Approved by all members present in the meeting. Approved by all members present in the meeting. The Company's Handling of the Opinions of the Remuneration Committee 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. 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 include: 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 corporate sustainability strategies, 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 2020. 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 1 2 0 0 1 0 100.00 100.00 50.00 Joined the meeting through conference call 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 Nominating Committee in 2020: Meeting on February 26, 2020 (1) Approved the Company’s Policy and Procedures of Risk Management. Note: Attendance Rate (%) is based on the committee member’s attendance during her/his term of service. 59 Corporate Governance Report Corporate Social Responsibility and Deviations from “The Corporate Governance Best- Practice Principles for TWSE/TPEx Listed Companies” Evaluation Item 1. Does the company identify environmental, social and corporate governance issues related to the company’s operations in accordance with the materiality principle? Yes No 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? 60 United Microelectronics Corporation | Annual Report 2020 Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons None None 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, and reviews and updates relevant standard operating procedures to ensure the effectiveness of risk management. For related risks (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 representative reports promotion outcome and plans, and key stakeholder 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 Science and Culture 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 to enhance sustainable competitiveness. • Green Manufacturing Committee Promotes company-wide green processes, such as hazardous materials management and increases in resource productivity. 61 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 (1) Doest the company establish proper environmental management systems based on the characteristics of their industries? Yes No (2) Does the company endeavor to utilize all resources more efficiently and use renewable materials which have low impact on the environment? 62 United Microelectronics Corporation | Annual Report 2020 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 in to 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 technologies 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. Packaging materials with low environmental impact are used as often as possible. • 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. 63 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 risks 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 reasonable employee welfare measures (including salary remuneration policy, regulations for leaves and others) and integrate the company’s performance with employees’ reward? 64 United Microelectronics Corporation | Annual Report 2020 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 the green technology industry • Greenhouse gas emission reduction goals 1. (2013-2025) Reduce fluorinated greenhouse gas emissions intensity by 65%. Note: 2010 is the base year. 2. (2016-2025) Reduce electricity consumption intensity by 15% in ten years. Note: 2015 is the 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. 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 policies and specific management plans. For related information, please refer to the UMC website at https://www.umc.com/en/Html/UMC_code_of_conduct. 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 leaves, minimum wage, 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 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) 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 66 United Microelectronics Corporation | Annual Report 2020 Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons None Implementation Status Abstract Explanation The safety and health education and training at UMC are divided into three categories depending on the nature of the work: • General safety and health education and training for the entire company • Factory area safety and health education and training organized by each fab • Safety and health education and training formulated by each department depending on its characteristics “Safety First; Safety is Above Production!” is UMC’s commitment to its employees, and is also the basis for UMC to carry out the planning and implementation of necessary safety and health education and training for its work and hazard prevention operations. Based on the organizational structure of UMC, the general training courses for the entire company; the factory area training courses for each fab; and the specific training courses for each department were formulated, allowing employees to develop a safety culture, raising their awareness in work safety, and reducing accidents caused by unsafe behaviors. In addition to the planned courses, topic-based training courses for specific events or major cases are also conducted on a rolling basis from time to time. For instance, the “executive safety culture seminars” for senior executives, the “supervisor safety awareness courses” for specific departments, and the professional trainings carried out by external occupational safety and health experts and scholars for UMC’s occupational safety and health management personnel were organized in 2020. In 2020, a total of 2,082 sessions of education and training were conducted, with 38,776 participants completing the training. The offered education and training also include e-learning courses, allowing employees to acquire safety and health knowledge without being limited by the schedule of the physical courses. In the spirit of “Benefit from Society, Give Back to Society,” UMC actively promotes healthy workplace-related activities. In 2020, UMC promoted a healthy workplace lifestyle themed “2020 Health Care 2.0.” 1. The themed health promoting activities attracted 21,296 participants, and overall satisfaction rate was 95%. Specifically, Q1 Spring - Epidemic Prevention Class In response to the spread of the COVID-19 epidemic, on-site activities in the first quarter have been cancelled and changed to online. At the same time, considering the severity of the epidemic, in order to strengthen colleagues’ understanding of the Company’s epidemic prevention policies, the online e-Check “Epidemic Prevention Class” questionnaire filling activity was conducted to strengthen employees’ correct concept of epidemic prevention. A total of 5,965 colleagues participated in the event, and a total of 5,677 colleagues who answered the correct answers were drawn to obtain small epidemic prevention gifts (multifunctional mask storage clips) and a total of 1,000 gifts were issued. Q2 Summer – Family Care The epidemic has slowed and continued to implement a new life for epidemic prevention. UMC invited authoritative medical doctors from the National Taiwan University Zhudong Hospital to give a speech and teach UMC colleagues how to take care of their parents with the greatest peace of mind, so as to improve the quality of health and living at home. A total of 172 people participated, with an average total satisfaction score of 90.2. Q3 Autumn- Weight Loss and Fat Loss The “Weight Loss and Fat Loss Campaign” is aimed at the health check-up groups concerned for health care activities (BMI greater than 24) and the target physical check-up improvement rate is 5%. A total of 179 colleagues participated in the weight loss class, reaching a weight loss rate of ≥ 5%; a total weight loss of 266.5 kg, and an achievement rate of about 14.5%. A total of 150 people participated in the “Daily Ten Thousand Steps of Healthy Good Habit Activity” and 47 people reached the standard; the total number of days reached was 3,019, the achievement rate was about 31.1%. A total of 329 people participated in the third quarter activities. Q4 Winter - Heart and Liver Defense A total of 7,393 people participated in the reading activities on the “Health Information U-info” platform; a total of 14,373 people participated in the reading activities, 2,202 people clocked in from July to September, and the on- the-job participation rate was 56.1%. “Health Seminar U-Class” theme “Chinese Medicine” Autumn Health Post and “Western Medicine” Cancer Gene Decryption; a total of 457 employees participated and a satisfaction score of 96.2 was achieved. A total of 14,830 people overall participated. 2. 3,829 utilized massage services by visually impaired masseurs 3. 3,568 consulted with in-house physicians 4. 456 donated blood, totaling 722 bags of blood 5. 727 received abdominal ultrasound exam, and satisfaction rate was 96.5% 6. 582 received flu vaccinations, and satisfaction rate was 98% 7. A total of 440 training courses for emergency personnel were conducted, and the training rate was 100%. 8. There were 412 injuries and illnesses and emergency notifications. 9. There were 1,018 new medical examinations. 10. There were 262 high-level health examinations. 11. Administrative services (group health insurance) totaled 2,585 occasions 67 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, safety, privacy, advertise and label of goods and services and establish consumer protection policy? 68 United Microelectronics Corporation | Annual Report 2020 Implementation Status Abstract Explanation Deviations from “The Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies” and Reasons • 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 health 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 and integrate the “health care system,” thereby achieving 100% care rate. 1. In 2020, a total of 3,269 employees in the Company received physical checkup, and satisfaction rate was 93.8%. 2. Health examination reports and questionnaire outcomes 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 2020, a total of 310 individuals received the free counseling service and 114 individuals received paid services. In 2020, 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 2020, the UT site 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 well-being. 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 commits to continuously strengthen world-class process technology, manufacturing capability, and excellent service to enhance customer service value. Since the beginning, UMC always valued customers as partners and creates an exceptional business philosophy based on the spirit of “United for Excellence.” UMC works closely with customers to achieve win-win mission and goals, hence rendering customer satisfaction as one of the core company’s values. Customer-oriented behavior is to provide total solutions from a customer perspective to realize and satisfy customer requirements for product and service quality. To achieve this end, UMC has introduced the MyUMC, MyHJTC (for HJ only) and MyUSC (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 analyze product data as needed. In addition to providing customers with information on the process materials for their products through the MyUMC, MyHJTC, MyUSC and MyUSJC online service platforms, UMC has also incorporated the Voice of Customer (VOC) instant online complaint system within the MyUMC, MyHJTC, MyUSC and MyUSJC service platforms for customers to easily access. This interface allows customers to make requests, comments or suggestions about the Company’s products or services at any time. The system replies to the customer within one working day regarding when their request has been processed by the corresponding division. A dedicated person 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 69 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 70 United Microelectronics Corporation | Annual Report 2020 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 a 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 continuous 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) 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 (6) Does the company establish a supplier management policy and ask to comply with regulations about environmental protection, labor and human rights, safety, and health? 5. Does the company prepare a Social Responsibility Report that complies with international guidelines 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: 72 United Microelectronics Corporation | Annual Report 2020 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 document 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 challenge more difficult targets in technology development and production, and share win-win results with customers. UMC is certified with ISO 9001 & IATF 16949 & QC-080000 IECQ HSPM international standards. 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 role as a responsible 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 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 outcome are offered audit counseling for improvement, and in the case of severe issues, procurement or status as qualified suppliers are terminated. UMC achieved fruitful results in the implementation of its sustainable management strategy 2020. We have been listed on the “DJSI-World” of the Dow Jones Sustainability Indices (DJSI) for 13 consecutive years, keeping pace with the world’s top companies. In Taiwan, we continue to receive the greatest honor of being selected for the “FTSE4Good TIP Taiwan ESG Index” and winning the “Taiwan Corporate Sustainability Report Award” every year. Moreover, we continue to cultivate the aspects of “environment, society and governance,” and have attracted tremendous external recognition. None As of 2020, UMC has publicly issued a non-financial related sustainability annual report for 20 consecutive years. At the same time, the 2019 UMC Corporate Social Responsibility Report is the 15th 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 2021, UMC will compile the 2020 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. None For details of the Corporate Social Responsibility Practice Principles formulated by UMC, please refer to https://www.umc.com/en/Download/major_internal_policies 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 https://www.umc.com/en/CSR/ sustainability_overview on the UMC website. 73 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 of Directors to be in charge of corporate integrity, implementation, and regularly report to the Board, 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 risk of involvement in unethical conduct to examine accordingly the compliance with the prevention programs? Or engage CPAs to carry out the audit? (5) Does the company regularly hold internal and external educational trainings on operational integrity? 74 United Microelectronics Corporation | Annual Report 2020 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 https://www.umc.com/en/Html/ir_corporate_governance and https://www.umc.com/en/Html/UMC_code_of_conduct. The Employee Code of Conduct and the UMC Ethical Corporate Management Best Practice Principles 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. (Report Date is Oct. 29, 2020.) Ethical management is only one part of corporate sustainability. For further information, please refer to UMC website at https://www.umc.com/en/ Html/UMC_code_of_conduct. Please refer to Pages 81-85 of the Employee Code of Conduct for policies and reporting channels. In order to facilitate ethical corporate management and issue a reliable, transparent and compliant report, UMC established an effective accounting system and designed relevant internal control systems based on evaluation results of risks including unethical conduct, code of conduct and regulations compliance. UMC Audit Division directly under the Board of Directors/Audit Committee performs relevant operation audits according to annual audit plans and regularly reports the audit results and improvement follow-up to the Board of Directors/Audit Committee. And through annual internal control and self-assessment, UMC has also conducted a self-review of all fab, department and subsidiary operations to achieve the effectiveness of internal control systems’ design and implementation. 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 2020, UMC fabs in Taiwan and Singapore have completed the training courses and passed relevant tests. None None None None None None None 75 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 Yes No (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? (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 its 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). 76 United Microelectronics Corporation | Annual Report 2020 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 the investigation results are confirmed, 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 81-85 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 81-85 of the Employee Code of Conduct. None UMC discloses its principles on ethical corporate management, relevant regulations and status of implementation 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 81-85 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 https://www.umc.com/en/CSR/sustainability_overview 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” (Continue) Specific Measures for Ethical Management in 2019-2020 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 and Compliance Division, and other regulations are regularly reviewed by relevant divisions. • In 2019, the Legal and Compliance Division coordinated overall regulatory compliance with the EU General Data Protection Regulation. • With respect to the frequent rule changes of the Export Administration Regulations of the United States in 2020 and in the future, the Legal and Compliance Division coordinate overall legal compliance in this regard. • Legal and Compliance Division expects China will in the near future enact new export control related laws and/or regulations to counteract the rule changes to the Export Administration Regulations of the United States, and will coordinate overall legal compliance in this regard. • In 2020, the Legal and Compliance Division conducted trainings for insider trading targeting all employees, managers and executives. • The content of the Codes is reviewed biennially: 1. Review of the Employee Code of Conduct was completed in February 2020. 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 2020, no major ethical violations were reported. • Employee Code of Conduct education and testing were conducted in July 2020, with 100% completion rate. • Employee Code of Conduct training course for new employees: 224 participants and a total of 336 hours in 2019; and 305 participants and a total of 457.5 hours in 2020. • Litigation cases in each quarter of 2020 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 December 2020. • For intellectual property rights education, three weekly training courses are offered to new employees: Introduction to UMC Intellectual Property Rights, Trade Secret and Basic Legal and Risk Awareness for Incoming Data. In the first half of 2019 we conducted in-depth advocacy of protection of intellectual property rights via the eUMC intranet site for all employees and the Company will maintain such advocacy through electronic checks or a dedicated compliance column. • Introduction to UMC Intellectual Property Rights training course for new employees: 285 participants and a total of 71.3 hours in 2019; and 797 participants and a total of 199.3 hours in 2020. • Trade Secrets training course for new employees: separate from UMC Intellectual Property Rights as an individual course since December 2018 with 285 participants and a total of 45.6 hours in 2019; and 797 participants and a total of 127.5 hours in 2020. • Basic Legal and Risk Awareness for Incoming Data training course for new employees: implemented since April 2018. A total of 285 participants and a total of 71.3 hours in 2019; and 797 participants and a total of 199.3 hours in 2020. Financial reporting related internal control • Annual audit by external auditors and internal Audit Division. • Results of internal audits for 2020 were reported at the Audit Committee/Board of Directors meetings on a quarterly basis. 78 United Microelectronics Corporation | Annual Report 2020 Code of Ethics for Directors and Officers The Board of Directors (the “Board”) of United Microelectronics by the Chairman of the Board or as part of an approved compensation Corporation (the “Company”) has adopted the following Code of Ethics or expense reimbursement program. (the “Code”) for directors and officers of the Company. This Code applies 2. Corporate opportunities. to all directors and officers. Directors and officers are prohibited from: (a) taking for themselves personal opportunities that are discovered through the use of the No code or policy can anticipate every situation that may arise. Accordingly, Company’s property, information or position; (b) using the Company's this Code is intended to serve as a source of guiding principles for property, information, or position for personal gain; or (c) competing with directors and officers. Directors and officers are encouraged to bring the Company. questions about particular circumstances that may involve one or more of 3. Corporate assets; confidentiality. the provisions of this Code to the attention of the Chairman of the Board, Directors and officers are expected to protect the assets of the Company who may consult with inside or outside legal counsel as appropriate. and use them efficiently to advance the interests of the Company. Those assets include tangible and intangible assets, such as confidential Directors who also serve as officers of the Company should read this Company information. Directors and officers should maintain the Code in conjunction with the Code of Ethics for employees governing the confidentiality of information entrusted to them by the Company and any business conduct of Company employees. other confidential information about the Company that comes to them, 1. Conflict of Interest. from whatever source in the course of the Company’s business, in their Directors and officers must avoid any conflicts of interest between the capacity as director or officer except when disclosure is authorized or director or officer and the Company. Any situation that involves, or legally mandated. For purposes of this Code, “confidential information” may reasonably be expected to involve, a conflict of interest with the includes all non-public information relating to the Company, its customers Company should be disclosed promptly to the Chairman of the Board, or suppliers. such as extending a loan to, providing a guarantee of the obligations of, 4. Compliance with laws, rules and regulations; fair dealing. conducting a material transaction with, selling products to or purchasing Appropriate policies and procedures are in place for compliance by products from a director or officer (or a member of his or her immediate family1). directors and officers, with laws, rules and regulations applicable to the Company, including insider trading laws. Transactions in the Company’s A “conflict of interest” can occur when a director or officer’s personal securities are governed by the Company's policies with respect to trading interest is adverse to - or may appear to be adverse to - the interests of such securities. the Company as a whole. Conflicts of interest also arise when a director Directors and officers shall endeavor to deal fairly with the Company's or officer, or a member of his or her immediate family, receives improper customers, suppliers, competitors and employees. No director or personal benefits as a result of his or her position as a director or officer officer should take unfair advantage of anyone through manipulation, of the Company. concealment, abuse of privileged information, misrepresentation of This Code does not attempt to describe all possible conflicts of interest material facts, or any other intentional unfair-dealing influence. that could develop. Some of the more common conflicts from which 5. Accurate Reports and other Public Communications. directors or officers must refrain are set out below: It is crucial that all books of accounts, financial statements and records • Relationship of the Company with third parties. Directors or officers of the Company reflect the underlying transactions and any disposition of may not engage in any conduct or activities that are inconsistent with assets in a full, fair, accurate and timely manner. All officers and directors the Company's best interests or that disrupt or impair the Company's who are involved in the Company’s disclosure process are required to relationship with any person or entity with which the Company has or know and understand the disclosure requirements applicable to the proposes to enter into a business or contractual relationship. Company that are within the scope of their responsibilities, and must • Compensation from non-Company sources. Directors or officers may endeavor to ensure that information in documents that the Company files not accept compensation (in any form) for services performed for the with or submits to the ROC Securities and Futures Bureau and the U.S. Company from any source other than the Company. Securities and Exchange Commission, or otherwise disclosed to the public, • Gifts. Directors or officers and members of their immediate families is presented in a full, fair, accurate, timely and understandable manner. may not accept gifts from persons or entities who deal with the Additionally, each individual involved in the preparation of the Company’s Company in those cases where any such gift has more than a nominal financial statements must prepare those statements in accordance value or where acceptance of the gifts could create the appearance of with our internal accounting policies, which take into account generally a conflict of interest. accepted accounting policies set forth by the IFRSs, IASs, IFRIC and • Personal use of Company assets. Directors or officers may not use SIC, which are endorsed by Financial Supervisory Commission (TIFRSs) Company assets, labor or information for personal use unless approved and relevant laws and regulations applicable to the Company, ensure 79 Corporate Governance Report Code of Ethics for Directors and Officers (Continue) they are consistently applied, and follow any other applicable accounting severity of the violation, whether the violation appears to have been standards and rules so that the financial statements materially, fairly and intentional or inadvertent and whether the individual in question had been completely reflect the business transactions and financial condition of the advised prior to the violation. Company. 6. Encouraging the reporting of any illegal or unethical behavior. 1. "Immediate family" shall include a person's spouse, parents, children, Directors and officers should promote ethical behavior and take steps to and relatives within three degrees of kinship. ensure the Company: (a) encourages employees to talk to managers and other appropriate personnel when in doubt about the best course of action in a particular https://www.umc.com/upload/media/08_Investors/Corporate_ situation; (b) encourages employees to report violations of laws, rules, Governance/Major_Internal_Policies/Code_of_Ethics_chi.pdf for the regulations, the Company's internal rules, or the Code of Ethics for information shown above. employees to appropriate personnel; and (c) informs employees that the Company will not allow retaliation for reports made in good faith. 7. Compliance Procedures. Any suspected violations of this Code should be reported promptly to managers, the internal auditor, the Audit Committee or other personnel as appropriate, or in the case of an officer in accordance with the procedures set forth in the Code of Ethics for employees. No one will be subject to retaliation because of a good faith report of a suspected violation. Violations will be investigated by the Board or by a person or persons designated by the Board. Any waiver of this Code may be made only by the Board and the details of the waiver, including name and title of the receiving party of the waiver, date of the board meeting when the waiver is granted, the validity period of waiver, reason to grant the waiver and principle for granting waiver, will be promptly disclosed to shareholders and others, as required by applicable law and the Taiwan Stock Exchange listing standards. All requests for waivers or review by the Board should be made to one of the Company’s independent directors. 8. Enforcement of this Code of Ethics The Board shall determine appropriate actions to be taken in the event of violations of this Code and set forth procedure for the person who is determined to have violated the Code in the event of disagreement with the determination. Such actions shall be reasonably designed to deter wrongdoing and to promote accountability for adherence to this Code. In determining the proper course of action in a particular case, the Board shall take into account all relevant information, including the nature and 80 United Microelectronics Corporation | Annual Report 2020 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. 81 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 (NTD 1,000), or any cash, or any equivalent in monetary goods, i.e. gift certificates, check, stock certificate and the like. 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. 82 United Microelectronics Corporation | Annual Report 2020 Employee Code of Conduct (Continue) 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 Legal and Compliance Level 1 Manager. 6-2-2. Send an email report directly to any of the following: ADT Level 1 Manager: ADT_Director@umc.com; HR Level 1 Manager: HR_ Director@umc.com; Legal and Compliance Level 1 Manager :z_Legal@umc.com; or 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. 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. 83 Corporate Governance Report Employee Code of Conduct (Continue) (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. 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. 84 United Microelectronics Corporation | Annual Report 2020 Employee Code of Conduct (Continue) 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 https://www.umc.com/upload/media/08_Investors/Corporate_Governance/Major_Internal_Policies/Employee_Code_of_Conduct-e.pdf. 85 Corporate Governance Report UMC Ethical Corporate Management Best Practice Principles Article 1 Article 7 In order to foster a corporate culture of ethical management and Company shall establish a risk assessment mechanism against sound development , the company is advised to adopt these principles unethical conduct, analyze and assess on a regular basis business applicable to its subsidiaries and other institutions or juridical persons activities within their business scope which are at a higher risk of which are substantially controlled by such company. being involved in unethical conduct, and establish prevention Article 2 programs accordingly and review their adequacy and effectiveness on When engaging in its commercial activities, directors, managers, a regular basis. employees, and agents or persons having substantial control over Article 8 such companies ("company personnel") shall not directly or indirectly The company shall request their directors and senior management offer, promise to offer, request or accept any improper benefits, nor to issue a statement of compliance with the ethical management policy commit unethical acts including breach of ethics, illegal acts, or and require in the terms of employment that employees comply breach of fiduciary duty ("unethical conduct") for purposes of acquiring with such policy. The company clearly specifies in its rules and or maintaining benefits. Article 3 external documents the ethical corporate management policies and the commitment by the board of directors and the management on "Benefits" in these Principles means any element of value, including rigorous and thorough implementation of such policies, and carries money, endowments, commission, positions, services, preferential out the policies in internal management and in commercial activities. treatment or rebates of any type or in any name. Benefits received or The company shall compile documented information on the ethical given occasionally in accordance with accepted social customs management policy, statement, commitment and implementation and that do not adversely affect specific rights and obligations shall be mentioned in the first and second paragraphs and retain said excluded. Article 4 information properly. Article 9 The company shall comply with the Company Act, Securities and The company engages in commercial activities in a fair and transparent Exchange Act, Business Entity Accounting Act, Political Donations Act, manner based on the principle of ethical management. Anti-Corruption Statute, Government Procurement Act, Act on Recusal Prior to any commercial transactions, the company will take into of Public Servants Due to Conflicts of Interest, TWSE/GTSM listing consideration the legality of their agents, suppliers, clients, or other rules, or other laws or regulations regarding commercial activities, as trading counterparties and whether any of them are involved in the underlying basic premise to facilitate ethical corporate unethical conduct, and will avoid any dealings with persons so management. Article 5 involved. Article 10 The company shall abide by the operational philosophies of honesty, When conducting business, the company and its personnel may transparency and responsibility, base policies on the principle of not directly or indirectly offer, promise to offer, request, or accept any good faith and establish good corporate governance, risk control improper benefits in whatever form to or from clients, agents, and management mechanisms to create an operational environment contractors, suppliers, public servants, or other stakeholders. for sustainable development. Article 6 Article 11 When directly or indirectly offering a donation to political parties, According to its preceding policy, the company shall prescribe specific organizations or individuals participating in political activities, the ethical management practices and programs to deter unethical company and its personnel shall comply with the Political Donations conduct ("prevention programs"), including operational procedures, Act and their own relevant internal operational procedures, and shall guidelines, and training. not make such donations in exchange for commercial gains or business advantages. 86 United Microelectronics Corporation | Annual Report 2020 UMC Ethical Corporate Management Best Practice Principles (Continue) Article 12 supervising the implementation of the ethical corporate management When making or offering donations and sponsorship, the company policies and prevention programs, and report to the board of directors and its personnel shall comply with relevant laws and regulations and annually. internal operational procedures, and shall not surreptitiously engage Article 18 in bribery. Article 13 The personnel of the company shall comply with laws and regulations and the prevention programs when conducting business. The company and its personnel shall not directly or indirectly offer Article 19 or accept any unreasonable gifts, hospitality or other improper benefits The company shall adopt policies for preventing conflicts of interest to establish business relationship or influence commercial to identify, monitor, and manage risks possibly resulting from unethical transactions. Article 14 conduct, and shall also offer appropriate means for directors, managers, and other stakeholders attending or present at board The company and its personnel shall observe applicable laws and meetings to voluntarily explain whether their interests would potentially regulations, internal operational procedures, and contractual conflict with those of the company. provisions concerning intellectual property, and may not use, disclose, Article 20 dispose, or damage intellectual property or otherwise infringe The company shall establish effective accounting systems and internal intellectual property rights without the prior consent of the intellectual control systems for business activities that may possibly be at higher property rights holder. Article 15 risk of being involved in unethical conduct, not have under-the-table or secret accounts, and conduct reviews regularly so as to ensure that The company shall engage in business activities in accordance with the design and enforcement of the systems are showing results. applicable competition laws and regulations, and may not make rigged The internal audit unit of the company shall devise relevant audit plans bids, establish output restrictions or quotas, or share or divide markets based on the results of assessment of the risk of involvement by allocating customers, suppliers, territories, or lines of commerce. in unethical conduct, which plans shall include parties to audit and Article 16 audit scope, items and frequency etc., and examine accordingly the In the course of research and development, procurement, manufacture, compliance with the prevention programs. The internal audit unit provision, or sale of products and services, the company and its may engage a certified public accountant to carry out the audit, personnel observe applicable laws and regulations and international and may engage professionals to assist if necessary. The results standards to ensure the transparency of information about, and of examination in the preceding paragraph shall be reported to senior safety of, their products and services. They shall also adopt and management and the ethical management team and reduced to writing publish a policy on the protection of the rights and interests of in the form of an audit report to be submitted to the board of directors. consumers or other stakeholders, and carry out the policy in their Article 21 operations, with a view to prevent their products and services from The company establishes "UMC Code of Conduct", "UMC Board of directly or indirectly damaging the rights and interests, health, and Directors and Managers Code of Ethics", and "UMC Employee Code safety of consumers or other stakeholders. of Conduct" to guide directors, supervisors, managers, employees, Article 17 and substantial controllers on how to conduct business. The personnel of the company shall exercise the due care of good Article 22 administrators to urge the company to prevent unethical conduct, The company shall periodically organize training and awareness while always reviewing the results of the preventive measures and programs for company personnel, and should execute reward and continually making adjustments so as to ensure thorough discipline systems according to the relevant rules of the company, implementation of its ethical corporate management policies. so they understand the companies' resolve to implement ethical To achieve sound ethical corporate management, the relevant corporate management, related policies, prevention programs, and competent authority shall be responsible for establishing and the consequences of engaging in unethical conduct. 87 Corporate Governance Report UMC Ethical Corporate Management Best Practice Principles (Continue) 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. Article 24 The company shall adopt and publish a well-defined disciplinary and appeal system for handling violations of the ethical corporate management rules, and shall properly make the announcement on the company's internal website including the title and details of the violation, and the actions taken in response. Article 25 The company shall continuously assess the promotional effectiveness promotion of its ethical management policy. The company shall also disclose the measures taken for implementing ethical corporate management, the status of implementation, and the effectiveness of promotion on company websites, annual reports, and prospectuses, and shall disclose ethical corporate management best practice principles on the Market Observation Post System (MOPS). Article 26 The company shall at all times monitor the development of relevant local and international regulations concerning ethical corporate management and encourage their directors, managers, and employees to make suggestions, which the company will base its review and improvements for its adopted ethical corporate management policies and measures in order to achieve better implementation of ethical management. Article 27 The principles shall be implemented after the board of directors grants approval. The same procedure shall be followed when the principles have been amended. Please refer to the website https://www.umc.com/upload/media/08_ Investors/Corporate_Governance/Major_Internal_Policies/UMC_ Ethical_Corporate_Management_Best_Practice_Principles_eng.pdf 88 United Microelectronics Corporation | Annual Report 2020 Internal Control System Execution Status Statement of Internal Control System 5. Base on the findings of the assessment mentioned in the preceding Based on the findings of self-assessment, UMC states the following with paragraph, UMC believes that, on December 31, 2020, its internal regard to its internal control system during the year 2020. control system (including its supervision and management of 1. UMC acknowledges and understands that establishing, operating subsidiaries), had effectively assured that the following objectives had and maintaining an internal control system are the responsibilities of been reasonably achieved during the assessing period: effectiveness its Board of Directors and management, and such a system has been and efficiency of operations, reliability, timeliness, transparency of our established. The purpose of establishing the internal control system reporting, and compliance with applicable rulings, laws and regulations. is to reasonably assure the following objectives: The effectiveness 6. This Statement is an integral part of the UMC’s annual report and and efficiency of operations (including profitability, performance and prospectus, and will be made public. Any falsehood, concealment, or the safeguarding assets); reliability, timeliness, transparency of our other illegality in the content made public will entail legal liability under reporting, and compliance with applicable rulings, laws and regulations. Articles 20, 32, 171 and 174 of the Securities and Exchange Act. 2. The internal control system has inherent limitations. No matter how 7. This Statement was passed by the Board of Directors in their meeting perfectly designed, an effective internal control system can only held on Feb. 24, 2021, with none of eight attending directors expressing provide reasonable assurance of accomplishing the aforementioned dissenting opinions, and the remainder all affirming the content of this three objectives. Moreover, the effectiveness of an internal control Statement. 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 United Microelectronics Corporation is identified. 3. UMC evaluates the design and operating effectiveness of its internal control system based on the criteria 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 environment, (2) risk Chairman: Stan Hung 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 of its President: S C Chien internal control system according to the aforesaid Regulations. President: Jason S Wang Feb. 24, 2021 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 any special audit of the internal control system in 2020. 89 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’ Meeting and the Board of Directors’ Meetings The Major Resolutions from the Shareholders’ Meeting The Company’s 2020 Annual General Meeting was held at No.2, Prosperity 1st Rd., Hsinchu Science Park (101 Meeting Room of the Allied Association for Science Park Industries) on June 10, 2020. 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 2019 business report and financial statements. • In 2019, UMC’s sales revenue was NTD 148,201,641 thousand, and full-year net income reached NTD 9,707,614 thousand, leading to an earnings per share of NTD 0.82. Acceptance of the 2019 Earning Distribution Chart. • Distribution of 2019 earnings with cash dividend of NTD 9,765,154,720. • The ex-dividend record date was set for July 21, 2020, and cash dividend for common shares was paid on August 5, 2020. Approval of issuing Restricted Stock Awards for employees. • Implemented in accordance with resolution and issued gratuitously 200,030,000 shares of common stock on September 1, 2020. Approval of the amendment of the Company’s Articles of Incorporation. • Implemented in accordance with resolution. • Considering market conditions, it was resolved to terminate the private placement offering by the 21st meeting of the Board of Directors, 14th term. Approval of the issuance plan of private placement for common shares, preferred shares (including convertible preferred shares), DRs (including but not limited to ADS), or Euro/Domestic convertible bonds (including secured or unsecured corporate bonds). The amount of shares is proposed to be no more than 10% of total common shares issued plus the total common shares represented by the above equity-type securities which are fully issued. 1. 2. 3. 4. 5. 90 United Microelectronics Corporation | Annual Report 2020 Major Resolutions and Implementation Status of the Shareholders’ Meeting and the Board of Directors’ Meeting (Continue) The Major Resolutions from the Board of Directors’ Meetings Meeting Date Major Resolutions 2020.02.26 2020.04.27 2020.06.05 2020.06.17 2020.07.29 2020.10.29 2020.12.16 2021.02.24 • 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. • Approved the Q1, 2020 Consolidated Financial Statements. • Approved capital budget execution. • Approved the proposal for private placement based on future operation needs and will propose at the 2020 Annual General Meeting for discussion. • Approved addition of proposals of the 2020 Annual General Meeting and change of the location for convening the 2020 Annual General Meeting. • Approved the Company’s 21st share repurchase program. • Approved to release the managerial officer from non-competition restrictions. • Approved the Q2, 2020 Consolidated Financial Statements. • Approved capital budget execution. • Approved the Q3, 2020 Consolidated Financial Statements. • Approved capital budget execution. • Approved the Company to proceed with a potential investment to expand capacity. • Approved capital budget execution. • Approved for UMC’s Singapore branch to lend funds to UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. • Approved the 2020 Business Report and Financial Statements. • Approved the 2020 distributable compensation for employees and directors. • Approved the 2020 Dividend Distribution. • Approved termination of the issuance plan for private placement, which was approved at the 2020 Annual General Meeting. • Approved the proposal for private placement based on future operation needs and will propose at the 2021 Annual General Meeting for discussion. • Approved the date of convening the 2021 Annual General Meeting, meeting agenda and submission period for shareholder proposals. • Approved capital budget execution. • Approved the acquisition of the Right-of-Use Asset from subsidiary Wavetek Microelectronics Corporation. • Approved the issuance of unsecured straight corporate bonds. • Approved UMC's donation to UMC Science and Culture Foundation. 91 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 2020 and as of the Annual Report Printing Date: None. Resignation or Dismissal of Chairman, President, and Heads of Accounting, Finance, Internal Audit, Corporate Governance and R&D During 2020 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 18 6 1 3 2 1 1 1 92 United Microelectronics Corporation | Annual Report 2020 Certified Public Accountant (CPA) Fee Information For the Non-audit Fee Paid to the 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 None. 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 Non-audit Fees CPA Audit Remarks In Thousand NTD Ernst & Young, Taiwan Wan-Ju Chiu, Hsin-Min Hsu 65,485 - 414 30 11,094 11,538 2020.01.01~ 2020.12.31 - Note: The “Others” category within the non-audit fees mainly includes fees paid for consulting service, 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 10% from Last Year, the Amount, Ratio, and Reason for the Reduction of the Audit Fee Should Be Disclosed None. 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. 93 Corporate Governance Report Change in Shareholding of Directors, Managers and Major Shareholders Who Own 10% or More of UMC Shares Holding Increase (Decrease) 2021 Pledged Holding Increase (Decrease) Unit: Shares 2020 Pledged Holding Increase (Decrease) 0 0 0 0 0 0 0 0 0 Holding Increase (Decrease) 9,385,000 0 0 0 0 0 0 0 2,300,000 10,315,000 14,200,000 1,430,000 1,021,000 390,000 150,000 1,013,000 900,000 0 0 0 0 0 0 1,350,000 1,350,000 890,000 (750,000) 650,000 425,000 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 0 470,000 1,350,000 0 0 0 100,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 President President Executive Vice President Ting-Yu Lin SC Chien Jason Wang 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 94 United Microelectronics Corporation | Annual Report 2020 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 Vice President, Chief Human Resources Officer S S Hong Francia Hsu Mindy Lin 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 Associate Vice President Yanan Mou Remi Yu Associate Vice President Michael CY Wang Associate Vice President Associate Vice President Ji Fu Kung C P Yen Associate Vice President Pang Min Wang Associate Vice President Ray Yang Associate Vice President Associate Vice President Bellona Chen Louis Hsieh Former Director Chung Laung Liu Former Associate Vice President C Y Hsu Note 1: No shareholder owns 10% or more of UMC shares. Note 2: The data presented for 2021 was gathered until January 31, 2021. Note 3: Counterparts of the shareholding transferred or pledged are not related parties. Note 4: The share changes for Oliver Chang, Ray Yang, Bellona Chen and Louis Hsieh are calculated starting from the assumed date. Note 5: The shares change for Chung Laung Liu and C Y Hsu are reported until their resignation. Note 6: The Holding Increase (Decrease) data consists of shares under Trust with Discretion Reserved. Holding Increase (Decrease) 2021 Pledged Holding Increase (Decrease) Holding Increase (Decrease) Unit: Shares 2020 Pledged 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 N/A N/A N/A N/A 0 811,000 716,000 750,000 30,000 220,000 161,799 100,000 330,000 770,000 450,000 204,062 (40,000) 0 0 383,000 0 277,000 106,000 (77,000) 370,000 420,000 (700,000) 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 95 Corporate Governance Report Relationship Among the Top 10 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 Top 10 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 670,779,035 5.49 N/A N/A N/A N/A None None Hsun Chieh Investment Co., Ltd. 441,371,000 3.61 N/A N/A N/A N/A Representative: Chun Kuan 93,998 0.00 0 0 0 0 None None Nan Shan Life Insurance Company, Ltd. 317,538,000 2.60 N/A N/A N/A N/A None Representative: Ying Tsung Tu Data unavailable Silicon Integrated Systems Corp. 285,380,424 2.33 N/A N/A N/A N/A Representative: Cheng Chien Chien 1,858 0.00 0 0 0 0 None None Fubon Life Insurance Co., Ltd. 232,206,000 1.90 N/A N/A N/A N/A None Representative: Ming Hsing Tsai Data unavailable None None None None None None Yann Yuan Investment Co., Ltd. 200,000,000 1.64 N/A N/A N/A N/A None None Representative: Wen Ching Lin Data unavailable Taiwan Life Insurance Co., Ltd. 192,555,000 1.58 N/A N/A N/A N/A None None Representative: Ssu Kuo Huang JPMorgan Chase Bank N.A., Taipei Branch in custody for Vanguard Total International Stock Index Fund, a series of Vanguard Star Funds Norges Bank - internal - NBIM PF EQ INTERNAL CFD Data unavailable 175,192,905 1.43 N/A N/A N/A N/A None None 174,274,110 1.43 N/A N/A N/A N/A None None None Labor Pension Fund 133,116,000 1.09 N/A N/A N/A N/A None Note: The data shown above was recorded on July 21, 2020, which was the record date for the distribution of 2020 cash dividend. 96 United Microelectronics Corporation | Annual Report 2020 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) United Microelectronics (Europe) B.V. UMC Capital Corp. TLC Capital Co., Ltd. Green Earth Limited Fortune Venture Capital Corp. 16,437,500 9,000 71,662,977 400,167,103 977,000,000 401,734,448 100.00 100.00 100.00 100.00 100.00 100.00 UMC Investment (Samoa) Limited 1,520,000 100.00 MTIC Holdings Pte. Ltd. Unitech Capital Inc. Hsun Chieh Investment Co., Ltd. Best Elite International Limited 12,000,000 21,000,000 364,102,314 664,966,275 Wavetek Microelectronics Corporation 148,112,434 UMC Korea Co., Ltd. Omni Global Limited United Semiconductor (Xiamen) Co., Ltd. Faraday Technology Corporation Yann Yuan Investment Co., Ltd. Sino Paragon Limited Triknight Capital Corporation 110,000 4,300,000 0 34,240,213 46,000,000 2,600,000 234,280,000 United Semiconductor Japan Co., Ltd. 116,246,616 Unimicron Technology Corp. 196,136,008 45.44 42.00 36.49 100.00 80.75 100.00 100.00 0 1 3.78 30.87 100.00 40.00 100.00 13.36 Note 1: The investee companies are the investees under the equity method and funds. Note 2: The number of shares is based on the actual number of shares held on December 31, 2020. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16,4 37,500 9,000 71,662, 97 7 400,167,103 977,000,000 401,734,448 1,520,000 1 2,000,000 2,500,000 5.00 23,500,000 0 0 0 0 364,102,314 664,966,275 3,150,936 1.72 151,263,370 0 0 N/A 2,973 0 0 0 0 0 0 67.76 0.00 0 0 0 0 11 0,000 4,300,000 N/A 34,243,1 86 46,000,000 2,600,000 234,280,000 116,246,616 4,545,000 0.30 200,681,008 100.00 100.00 100.00 100.00 100.00 100.00 100.00 45.44 47.00 36.49 100.00 82 . 4 7 100.00 100.00 67.76 1 3 .78 30.87 100.00 40.00 100.00 13.66 97 Corporate Governance Report 98 United Microelectronics Corporation | Annual Report 2020 Capital Overview Issuance of Corporate Bonds 100 Capital and Shares 106 111 Preferred Shares 112 American Depositary Receipts 114 Employee Stock Option Handling Status 114 Issuance of New Restricted Employee Shares 11 5 Status of New Shares Issuance in Connection with Mergers and Acquisitions 11 5 Financing Plans and Execution Status 99 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, 2020 NTD 10 26,000,000 260,000,000 11,773,994 117,739,944 May, 2020 NTD 10 26,000,000 260,000,000 12,222,371 122,223,715 September, 2020 NTD 10 26,000,000 260,000,000 12,422,401 124,224,015 Note 1 Note 2 Note 3 None None None None None None Note 1: On March 11, 2020, the Hsinchu Science Park Bureau, Ministry of Science and Technology approved the capital increase of NTD 496,757 thousand due to conversion of convertible bonds during the 4th quarter of 2020. The Company’s paid-in capital was increased to NTD 117,739,944 thousand. Note 2: On May 12, 2020, the Hsinchu Science Park Bureau, Ministry of Science and Technology approved the capital increase of NTD 4,483,771 thousand due to conversion of convertible bonds during the 1st quarter of 2021. The Company’s paid-in capital was increased to NTD 122,223,715 thousand. Note 3: On September 15, 2020, the Hsinchu Science Park Bureau, Ministry of Science and Technology approved the capital increase of NTD 2,000,300 thousand due to issuance of new Restricted Stock Awards for employees. The Company’s paid-in capital was increased to NTD 124,224,015 thousand. Note 4: The data shown above was gathered until February 24, 2021. Type of Stock Share Type Issued Shares(Note 1) Un-Issued Shares Total Shares Authorized Capital Allotment for Stock Option Certificate (Units) Common Stock 12,422,401,493 13,577,598,507 26,000,000,000 2,000,000,000 Note 1: The Company’s issued shares are listed stock. Note 2: The data shown above was gathered until February 24, 2021. Information for Shelf Registration Not Applicable. Status of Shareholders Common Shares Item Number of Shareholders Government Agencies Financial Institutions Other Juridical Persons Natural Persons Foreign Institutions and Natural Persons Total 14 73 721 504,773 1,753 507,334 Shareholding (Shares) 200,322,662 1,102,458,871 1,391,480,887 3,259,878,227 6,268,230,846 12,222,371,493 Percentage (%) 1.64 9.02 11.39 26.67 51.28 100.00 Note: The data shown above was recorded on July 21, 2020, which was the record date for the distribution of 2020 cash dividend. 100 United Microelectronics Corporation | Annual Report 2020 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 1,000,001 188,169 213,209 51,379 18,701 10,394 9,856 7,024 4,534 1,975 846 294 142 100 711 507,334 Shareholding (Shares) 56,450,686 490,789,812 382,625,952 229,873,355 185,976,409 242,587,779 275,119,274 318,523,644 273,930,534 234,253,042 144,89 6,143 99,079,262 90,081,910 9,198,183,691 12,222,371,493 Percentage (%) 0.46 4.02 3.13 1.88 1.52 1.98 2.25 2.61 2.24 1.92 1.18 0.81 0.74 75.26 100.00 Note: The data shown above was recorded on July 21, 2020, which was the record date for the distribution of 2020 cash dividend. Preferred Shares None. List of Major Shareholders Shareholder's Name Shareholding Shares Percentage (%) 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. Fubon Life Insurance Co., Ltd.   Yann Yuan Investment Co., Ltd. Taiwan Life Insurance Co., Ltd. JPMorgan Chase Bank N.A., Taipei Branch in custody for Vanguard Total International Stock Index Fund, a series of Vanguard Star Funds Norges Bank - internal - NBIM PF EQ INTERNAL CFD Labor Pension Fund 670,779,035 441,371,000 317,538,000 285,380,424 232,206,000 200,000,000 192,555,000 175,192,905 174,274,110 133,116,000 Note: The data shown above was recorded on July 21, 2020, which was the record date for the distribution of 2020 cash dividend. 5.49 3.61 2.60 2.33 1.90 1.64 1.58 1.43 1.43 1.09 101 Capital Overview Capital and Shares (Continue) Market Price, Net Worth, Earnings, and Dividends Per Common Share 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) Earnings Per Share (Note 2) Earnings Per Share (Note 3) Dividends Per Share 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) 2021 (Note 7) 5 9 . 4 0 4 4.0 0 52.0 4 - - - - - - - - - - - - 2020 51.70 13.10 28.13 19.0 0 * In NTD 2019 17.05 10.55 13.63 17.61 16.78 12,072,969,148 11,785,108,150 2.42 * * * * - 9.45 * * 0.82 0.82 0.80395653 - - - 16.24 16.57 0.06 *Subject to change based on resolutions of the 2021 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 2021 was gathered until February 24, 2021. Note 8: The average closing prices for years 2019, 2020 and 2021 were NTD 13.32, NTD 22.88, and NTD 52.06, respectively. 102 United Microelectronics Corporation | Annual Report 2020 Capital and Shares (Continue) Dividend Policy and Status 1. Dividend Policy in Company’s Articles of Incorporation year. The distribution of shareholders’ dividend shall be allocated as cash According to the Company’s Articles of Incorporation, current year’s dividend in the range of 20% to 100%, and stock dividend in the range of earning, if any, shall be distributed in the following order: 0% to 80%. (1) Payment of taxes. 2. The Company’s operating status, funding requirements, capital (2) Making up for loss in preceding years. expenditure forecast, changes in the overall internal and external (3) Setting aside 10% for legal reserve, except for when accumulated legal environment, as well as shareholders’ interest shall be taken into reserve has reached the Company’s paid-in capital. account to determine the Company’s dividend policy; distribution of (4) Appropriating or reversing special reserve by government officials or dividend is determined by the Board of Directors, and the principle of other regulations. distribution shall not be lower than 50% of the Company’s earnings (5) The remaining, plus the previous year’s unappropriated earnings, shall after tax of the year without considering other extraordinary situations. be distributed according to the distribution plan proposed by the Board of Directors according to the dividend policy in paragraph two of this Proposed Distribution of Dividend clause and submitted to the shareholders’ meeting for approval. The Company’s proposal for 2020 earnings distribution was passed The dividend policy of the Company shall be determined pursuant to during the 21st board meeting of the 14th term. This proposal, a cash factors such as the investment environment, its funding requirements, dividend of NTD 19,875,842,389 from retained earnings (NTD 1.60 per domestic and overseas competitive landscape and its capital expenditure share), will be discussed at the Annual General Meeting. forecast, as well as shareholders’ interest, balancing dividends and UMC’s long-term financial planning. The Board of Directors shall propose the distribution plan and submit it to the shareholders’ meeting every Effect of Share Dividends to Operating Performance and EPS Not applicable. 103 Capital Overview Capital and Shares (Continue) Employees’ and Directors’ Compensation Related Information of Employees’ and Directors’ Compensation in the Company’s Articles of Incorporation the number of stock distributed is calculated based on total employee compensation divided by the closing price of the day before the Board Employees’ and Directors’ Compensation Policy in the Company’s of Directors meeting. If the Board of Directors subsequently modifies Articles of Incorporation is as follows: the estimates significantly, the Company will recognize the change as The Company shall allocate no less than 5% of profit as employees’ an adjustment in the profit or loss in the subsequent period. Information compensation and no more than 0.2% of profit as directors’ compensation relevant to the aforementioned employees and directors’ compensation for each profitable fiscal year after offsetting any cumulative losses. can be obtained from the “Market Observation Post System” on the The aforementioned employees’ compensation will be distributed in website of the TWSE. shares or cash. The employees of the Company’s subsidiaries who fulfill specific requirements stipulated by the Board of Directors may be granted The Distributable Compensation for Employees and such compensation. Directors may only receive compensation in cash. Directors Passed During the Board Meeting. The Company may, by a resolution adopted by a majority vote at a The Company’s 2020 distributable compensation for employees and meeting of the Board of Directors attended by two-thirds of the total directors was passed during the 21st board meeting of the 14th term. The number of directors, distribute the aforementioned employees’ and distribution status is as follows: directors’ compensation and report to the shareholders’ meeting for such The Company is to distribute NTD 2,581,674,949 as employee cash compensation and NTD 32,368,656 as directors’ compensation. There is no difference between the amount passed during the Board meeting and the recognized amount during 2020 of the aforementioned employees’ and directors’ compensation. distribution. The Basis for Estimating the Amount of Employees and Directors’ Compensation, the Basis for Calculating the Number of Shares to Be Distributed as Employees’ Compensation, and the Accounting Treatment of the Discrepancy Between the Actual Distributed and the Estimated Amount. The Company recognizes the employees and directors’ compensation in the profit or loss during the periods when earned. The Board of Directors estimates the amount by taking into consideration the Articles of Incorporation, government regulations and industry averages. If the Board of Directors resolves to distribute employee compensation through stock, 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 2019: In Thousand NTD Item Board Resolution (February 26, 2020) Employees’ compensation distributed in Cash Directors’ compensation 1,132,952 10,259 Note: The actual distribution of employees and directors’ compensation for 2019 were consistent with the resolutions of the Board of Directors meeting held on February 26, 2020. 104 United Microelectronics Corporation | Annual Report 2020 Buyback of Treasury Stock (1) Completed Share Buyback Program Instance Purpose Buyback period Price range (NTD) 21st round Transfer to employees 2020.06.08~2020.08.07 11.55~23.25 Classification and executed volume(Shares) 105,000,000 Common shares Executed amount(NTD) Ratio of executed volume to the volume to be repurchased (%) 1,678,271,840 52.50 Cancellation and transfer volume(Shares) 105,000,000 Cumulative holding(Shares) Cumulative holding as a percentage of total issued shares(%) 0 0 Note: The data shown above was gathered until February 24, 2021. (2) Uncompleted Share Buyback Program: None. 105 Capital Overview Issuance of Corporate Bonds (Continue) 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 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. None (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 fect or other adverse impact on existing shareholders’ equit y, if c onversion, 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. NTD 2,500 million for the 7-year bond was repaid on March 15, 2020. 106 United Microelectronics Corporation | Annual Report 2020 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 fect or other adverse impact on existing shareholders’ equit y, if c onversion, exchange, or subscription rights are attached Custodian None None None 107 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 fect or other adverse impact on existing shareholders’ equit y, if c onversion, exchange, or subscription rights are attached Custodian None None None 108 United Microelectronics Corporation | Annual Report 2020 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 fect or other adverse impact on existing shareholders’ equit y, if c onversion, exchange, or subscription rights are attached Custodian None None None 109 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 None (Note) (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. Redemption or early redemption clause 110 United Microelectronics Corporation | Annual Report 2020 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 - - USD 230,600,000 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 Note: The Currency Linked Zero Coupon Convertible Bonds Due 2020 was fully repaid on May 18, 2020. Exchangeable Bonds Information None. Euro Convertible Bonds Information Type Item Year 2020 (Note) 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 USD 121.726 USD 121.802 USD 124.583 USD 114.894 USD 95.625 USD 100.864 Low USD 99.507 USD 95.185 USD 95.662 USD 92.255 USD 88.052 USD 87.579 Average USD 107.971 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 Currency Linked Zero Coupon Convertible Bonds Due 2020 was fully repaid on May 18, 2020. Shelf Registration for Issuing Bonds None. Corporate Bonds with Warrants None. Preferred Shares None. 111 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 140,000,865 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 24, 2021. 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 10.78 Low 8.01 2021 Average 9.58 High 9.04 Low 2.13 2020 Average 3.83 Note: The data represented for 2021 was gathered until February 24, 2021. 112 United Microelectronics Corporation | Annual Report 2020 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 - - - - - - - - 113 Capital Overview Employee Stock Options 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 Type of New Restricted Employee Shares 1st Tranche Date of Effective Registration Issue Date 2020.07.09 2020.09.01 Number of New Restricted Employee Shares Issued 200,030,000 shares Issued Price (NTD) The current issue is gratuitous New Restricted Employee Shares as a Percentage of Shares Issued 1.64% Vesting Conditions of New Restricted Employee Shares Restricted Rights of New Restricted Employee Shares 114 1. If an employee, after having been granted a restricted stock award, remains on the job on the vesting date, is determined by the Company as having not violated the employment contract, employee code of conduct, trust agreement, corporate governance best practice principles, ethical corporate management best practice principles, work handbook or non-compete and non-disclosure agreement of the Company or any agreement with the Company, and has fulfilled the personal performance indicators and operational goals set by the Company, the proportions of the vesting shares to be granted for such employee on the vesting date each year is as follows: 1-1. On the job for 2 years after granting: 33% 1-2. On the job for 3 years after granting: 33% 1-3. On the job for 4 years after granting: 34% 2. Personal performance indicator(s): A performance rating of A or higher for the most recent fiscal year prior to the end of each vesting period. 3. The operational goals of the Company use the return on equity (ROE%) % and operating margin % (OM%) as performance indicators. Listed below are the performance target for the two indicators, which shall be simultaneously fulfilled. Determination of fulfillment of the indicators will be based on the consolidated financial statements, audited by a certified public accountant, for the most recent fiscal year prior to the end of each vesting period. Indicator Return on equity (ROE%) Operating margin (OM%) 2 years after granting 3 years after granting 6% or above 8% or above 6% or above 8% or above 4 years after granting 10% or above 10% or above 1. Before any employee who has been granted restricted stock award shares fulfills the vesting conditions, except for the case of inheritance, the restricted stock award shares may not be sold, pledged, transferred, gifted to others, created any encumbrance, or otherwise disposed of. 2. Before any employee who has been granted restricted stock award shares fulfills the vesting conditions, his/her rights to attendance, proposal, statement, voting and election at the Shareholders’ Meeting shall be the same as those of the outstanding common shares of the Company, and shall be exercised according to a custodial trust agreement. 3. Where any employee has been granted restricted stock award shares pursuant to these Regulations, his/her other rights prior to fulfillment of the vesting conditions include, but are not limited to: the right to distribution of cash dividends, stock dividends, legal reserves and capital reserves, and employee stock option at cash capital increase. Such rights shall be the same as those of the outstanding common shares of the Company, and shall be exercised according to a custodial trust agreement. 4. During the period from the book closure date for stock dividends granted by the Company, the book closure date for cash dividends, the book closure date for shares purchased from a cash capital increase, the book closure period of the Shareholders’ Meeting as specified by Article 165, Paragraph 3 of the Company Act or any other statutory book closure date occurring based on the fact of the record date for distribution of rights, the time and process for lifting restrictions on the vested shares of any employee who has fulfilled the vesting conditions shall be subject to a custodial trust agreement or the applicable laws and regulations. United Microelectronics Corporation | Annual Report 2020 Type of New Restricted Employee Shares 1st Tranche Custody Status of New Restricted Employee Shares Placed under custodial trust Measures to be Taken When Vesting Conditions are not Meet 1. Where an employee who has been granted restricted stock award shares is not on the job on the vesting date, has committed an act of gross negligence by violating any of the agreements under Article III, Paragraph (III), Sub-paragraph 1 of “2020 Regulations Governing the Issuance of Restricted Stock Awards for Employees”, or has failed to fulfill the personal performance indicators and operational goals set by the Company, the shares granted to him/ her but unfulfilled vesting conditions will be recovered and canceled by the Company without compensation. 2. During the vesting period, if an employee has voluntarily resigned or been dismissed or laid off, his/her unvested shares will be recovered and canceled by the Company without compensation. Number of New Restricted Employee Shares that have been Redeemed or Bought Back 0 share Number of Released New Restricted Employee Shares 0 share Number of Unreleased New Restricted Shares 200,030,000 shares Ratio of Unreleased New Restricted Shares to Total Issued Shares (%) 1.64% Impact on Possible Dilution of Shareholdings The dilution of the Company’s EPS is limited, so there is no significant impact on the interest of shareholders. 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 2020 and as of the Annual Report Printing Date. Financing Plans and Execution Status Not Applicable. 115 Capital Overview List of Executives Receiving New Restricted Employee Shares and the Top 10 Employees with New Restricted Employee Shares Title Name No. of New Restricted Shares New Restricted Shares as a Percentage of Shares Issued(%) Manager Chairman & Chief Strategic Officer Stan Hung President President SC Chien Jason Wang Executive Vice President Ming Hsu Senior Vice President Senior Vice President & Chief Financial Officer Oliver Chang 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 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 Mindy Lin 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 Associate Vice President Le Tien Jung 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 Remi Yu Associate Vice President Michael CY Wang Associate Vice President Associate Vice President Ji Fu Kung C P Yen Associate Vice President Pang Min Wang Associate Vice President Ray Yang Associate Vice President Associate Vice President Bellona Chen Louis Hsieh 116 119,850 0.965 United Microelectronics Corporation | Annual Report 2020 No. of Shares Issued Price (NTD) Amount (Thousand NTD) As of February 24, 2021/Unit: Thousand Shares Released Released Restricted Shares as a Percentage of Shares Issued (%) No. of Shares Strike Price (NTD) Amount (Thousand NTD) Unreleased Unreleased Restricted Shares as a Percentage of Shares Issued (%) 0 0 0 0.00 119,850 0 0 0.965 117 Capital Overview List of Executives Receiving New Restricted Employee Shares and the Top 10 Employees with New Restricted Employee Shares (Continue) Title Name No. of New Restricted Shares New Restricted Shares as a Percentage of Shares Issued(%) Employee Senior Division Director Senior Fab Director Senior Division Director Senior Division Director Senior Fab Director M H Wang William Lu Cedric Lee JT Lin J H Lin Senior Division Director Jeffrey Lin Senior Division Director Benjamin TM Lin Senior Division Director Seanchy Chiu Senior Fab Director Senior Division Director Senior Division Director Senior Division Director Senior Division Director Senior Division Director Y C Kuo David Chen Stan Chen Jeffrey Huang Wunnshien Liao Ming Hsing Liu Senior Division Director Wood Tsai Senior Division Director Yao Chin Cheng Senior Technical Director Senior Division Director Senior Division Director Alex Chien Michael Tai K C Su 17,680 0.142 118 United Microelectronics Corporation | Annual Report 2020 List of Executives Receiving New Restricted Employee Shares and the Top 10 Employees with New Restricted Employee Shares (Continue) No. of Shares Issued Price (NTD) Amount (Thousand NTD) As of February 24, 2021/Unit: Thousand Shares Released Released Restricted Shares as a Percentage of Shares Issued (%) No. of Shares Strike Price (NTD) Amount (Thousand NTD) Unreleased Unreleased Restricted Shares as a Percentage of Shares Issued (%) 0 0 0 0.00 17,680 0 0 0.142 119 Capital Overview Operations Overview 121 Business Activities 128 Overview of Market, Production, and Sales 134 Employees 135 Environmental Expenditure Information 135 Labor Relations 139 Major Contracts 120 United Microelectronics Corporation | Annual Report 2020 Business Activities Business Scope UMC provides wafer fabrication technology services through state-of-the- embedded non-volatile memory, high voltage, integrated bipolar/CMOS/ art manufacturing processes and produces chips for various applications depleted CMOS, MEMS sensor and mixed-signal/RF CMOS, RFSOI, within the IC industry. The Company provides logic and mixed-signal 2.5D/3D advanced package, GaAs, GaN…, to complete design tape out. process technologies from 0.6 micron to 14nm. UMC continuously introduces competitive process technologies and complete solutions In 2020, revenue contribution from UMC’s wafer fabrication accounted for to meet specific customer’s chip design requirements. Customers can the vast majority of the Company’s total sales revenue, with the remainder select different processes according to their product application, such as generated from new R&D ventures and manufacturing of solar energy. Industry Overview Current Status and Development of the Semiconductor they have increased the proportion of wafer manufacturing to foundry Industry outsourcing. Some makers of system products have also designed ICs The development of electronic products has been trending towards (such as cellphone chips and server processor) by themselves and enhanced functionality, light weight, energy saving and carbon reduction, outsourced to wafer foundry. These industrial trends all have a positive and smart AI. The incorporation of IoT, artificial intelligence concepts, impact on the sustainable development of the professional wafer foundry deep learning and voice control in recent years has also affected the industry. direction of chip design. Therefore, the complexity of chip designs For 2020, the global semiconductor industry was impacted by positive has significantly increased due to the considerations of functional and negative factors. Generally speaking, COVID-19 lowered global integration, performance enhancement, low power consumption, and GDP and economic contraction negatively impacted many areas of commercial introduction of hybrid packaging. In addition, due to the electronic consumption. However, the China-US trade dispute resulted constant miniaturization of semiconductor fabrication processes and in an industrial structure change, with many new applications triggered cost considerations, this trend has caused the entry barrier into by COVID-19, such as Work from Home and Remote e-learning, which semiconductor fabrication process technology to continuously increase, significantly increased chip demand. In addition to high 5G smartphone and the investment required has also been growing exponentially. sales, this rare strong rebound in chip demand was welcome. Reduced With the constantly rising entry barriers of various semiconductor sectors tourism and business travel negatively affected automotive sales, with from design, fabrication, packaging, and test, under the considerations of car makers closing production lines and even laying off employees, professional division of labor and production efficiency, the semiconductor resulting in declining automotive semiconductor sales. Summarizing the industry’s move towards a vertical division of labor system is becoming views from all major industries, SIA (Semiconductor Industry Association) more and more obvious. The development cost of advanced process reported worldwide semiconductor would grow around 5.1% in 2020. technologies and the capital expenditure of new tools and equipment Under the applications driven by 5G, IoT, automotive, and AI, those are have risen significantly, such that the industrial structure of professional expected as major growth momentum for semiconductor industry. The division of labor has been formed. This phenomenon has resulted in many continuous and steady growth of domestic and international economies existing Integrated Device Manufacturers (IDMs) to announce that they can be expected in 2021, due to the steady demand increase from 5G, will no longer actively invest in the development of advanced processes HPC, AI, IoT, and smartphone returning to a pattern of growth. PC sales or increase their capacity due to cost vs. benefit considerations. Instead, maintain at a high level, more emerging applications appeared, and 121 Operations Overview Industry Overview (Continue) automotive semiconductor and memory showed a rebound. SIA forecasts The Development Trend and Competition of Electronic worldwide semiconductor will grow 8.4%. Gartner forecasts the foundry End Products industry to grow 9.2%. Conventional electronic products can be divided into several categories: Yet there are still uncertainties which will affect future economic Computer, Communication, Consumer, Industry, and Automotive. development. The most crucial keys are how the industry will be impacted Electronic products have been developed towards compact size and light by COVID-19, the new US President’s economic policy decisions and weight, low power consumption, interconnection, artificial intelligence, the U.S.-China Trade War, the slowdown of economic growth in China, and deep learning. For example, notebooks and tablets can operate conflicts in regional politics, decisions by the U.S. Fed, degrees of inflation longer, and cellphones can be wirelessly connected to notebooks and in various countries, and international energy price trends. Therefore, tablets. In addition, the greatly enhanced bandwidth of broadband all major global wafer foundries should be prudent with their capital networks has contributed to the development of networked and smart expenditures when expanding production capacity planning. TVs. By linking all things via the access, delivery, and processing of information to form a large network, many breakthrough applications and Correlation Among Upstream, Midstream, and enormous business opportunities in the fields of smart home, health care Downstream Industry Suppliers system, and urban facilities become available. Looking towards the future, The division of labor in the semiconductor industrial chain is fairly mature the key technologies of 5G, smartphones, wearable electronics, AR/VR, and can generally be divided into IC design, mask, wafer fabrication, autonomous/electrical vehicle, AI/deep learning, voice control products, testing and packaging from upstream to downstream, and these form and IoT will be constantly adopted and commercialized. As such, complete sub-industries as well. IC design is mainly the design according professional wafer fabrication services should complete corresponding to the specifications and applications required by end products. Different process development and silicon intellectual properties in order to meet IC chips and products will have emphasis on different characteristics, the needs of different application requirements and business opportunities thus leading to different process requirements. Therefore, professional of end system products. wafer foundries must provide the most current technical foundry process technology services and adequate silicon intellectual property (IP), and continuously optimize process technology to help IC design customers in their chip development, eventually moving to mass-production with high quality and high yield rate. 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. 122 United Microelectronics Corporation | Annual Report 2020 Overview of Technology and R&D R&D Expenses for the Past 5 Years 2020 2019 2018 2017 2016 In Thousand NTD Operating Revenues 176,820,914 148,201,641 151,252,571 149,284,706 147,870,124 Research and Development Expenses 12,895,501 11,860,244 13,025,139 13,669,589 13,532,356 Research and Development Expenses as a Percentage of Operating Revenues 7.29% 8.00% 8.61% 9.16% 9.15% Note 1: The R&D expenses from 2016 to 2020 are determined according to the international financial report criteria approved by the Financial Supervisory Commission. Note 2: The R&D expense for 2021 was calculated up until the publication date of Feb. 24, 2021, which amounted to NTD 1,715,722 thousand. Technologies or Products Successfully Developed Within the Past 5 Years Year 2016 2017 2018 2019 R&D Achievements ‧ 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. ‧ 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 product applications. ‧ 14nm FinFET customized process 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. ‧ 14nm FinFET-Plus customized process 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 was already at the risk production stage. This high performance ReRAM is fully compatible with UMC’s CMOS logic process. 2020 ‧ 14nm FinFET compact process platform (14FFC) customer product yield reached 90%, passed customer product HTOL qualification, and entered the mass production stage. ‧ 22nm process reached the milestone of mass production for customers’ digital TV (DTV) chips. ‧ Product used in image signal processor (ISP), adopting high-performance computing process (28HPCU+), has been mass-produced. ‧ UMC, cooperating with eMemory and its subsidiary PUFsecurity, announced the successful joint development of the world’s first PUF (physical unclonable function)-based security embedded flash (PUFflash) solution. ‧ The second generation of CMOS-MEMS gas sensors, 90nm and 55nm RFSOI process technologies all entered the mass production stage. 123 Operations Overview Overview of Technology and R&D (Continue) UMC’s R&D team has always been dedicated to promoting the UMC continued to optimize the process and expand the application development of logic process technology. With the adherence to the range of 22nm process products. In 2021, it is expected that more than belief of “Customer Demand Comes First,” the Company has been ten customers will apply this platform technology for pilot production on providing pure-play wafer foundry solutions to meet market trends and Internet of Things (IoT), consumer electronics, industrial applications and customer needs, which include world-class technology, customer support wearable (Mobile) products. services, and state-of-the-art manufacturing. With the expansion of UMC’s Southern Taiwan Science Park site, the Company continues to 28nm High-Performance Process Technology recruit and train a large number of R&D talent. In 2020, UMC continued to significantly invest in R&D resources with total annual R&D expense UMC’s 28nm high-performance process utilizes high-k/metal gate stack technology. The 28nm high-performance computing process (28HPCU+) reaching NTD 12.9 billion, which has led to fruitful R&D achievements in entered mass production in 2020 for image signal processor (ISP) logic and specialty technologies. 14nm Process Technology products, and more advanced and high-end products are expected to begin mass production in 2021. The 28HPCU+ millimeter wave (mmWave) process covers high-performance and low-power technology platforms; UMC reached the mass production milestone for its customized 14nm verification of the millimeter wave chip design process has already been FinFET process in early 2017, and the competitiveness of device completed. UMC further extends its SPICE model coverage to 110GHz performance and yield has reached industry leading standards. In 2018, for mmWave in order to serve mobile phone, automotive/industrial UMC’s other 14nm project (14FFC FinFET process platform) showed radar and 5G FWA/CPE applications. Customers can leverage UMC's 50% performance improvement and twice the gate density compared mmWave foundry design kit (FDK) to design a transceiver IC, or integrate to 28nm. 128Mb SRAM reached mass production quality levels for the foundry’s well-established digital and analog IP to accelerate their product yield and has passed process and product reliability verification. mmWave SoC design. Currently, several customers have designed products on UMC’s 14FFC platform, with product yield reaching 90% and performance meeting Embedded MRAM design targets. In addition, 14FFC also passed customer product HTOL For future market demands related to advanced IoT, automotive (High Temperature Operating Life) reliability qualification and already electronics, wearable products, and cloud applications, conventional entered mass production. With the successful rollout of 5G and Netcom embedded non-volatile flash memory based on eFlash is gradually applications, UMC’s 14FFC has also attracted customers to engage in showing an imbalance between cost and performance. In light of this, new product design-in, with tape out expected in 2021. 22nm Ultra-low power/Ultra-low Leakage Process Technology UMC has developed 22nm process technology and its 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 22nm process technology has been enhanced UMC invested in the R&D of eMRAM in 2018. Following UMC’s eMRAM development schedule, the critical characteristics including the magnetic component bit error rate, macro circuit endurance, data retention, have already reached the industry's leading competitiveness level. UMC expects to provide embedded MRAM macros on the 22nm platform for customers in 2021, and to further provide customers with complete SoC services for their circuit design solutions. by 10%, power consumption has been reduced by 20%, and area has ReRAM been reduced by 10%. Therefore, the cost competitiveness of 22nm technology has been greatly improved to provide customers with more process options. 22nm ultra-low power/ultra-low leakage technologies are suitable for IoT, automotive electronics, industrial applications, and various wearable products that utilize analog, mixed signal, RF, and other relevant technologies. UMC’s 22nm introduction has maximized the value of the Company’s 28nm process, with IP verification from 28nm to 22nm being relatively easy due to direct conversion from the use of compatible design specifications. UMC’s 22nm process has been introduced to customers and completed pilot production. In Q4, 2020, it reached the mass production milestone for customer digital TV (DTV) chips, and ReRAM is a novel NVM with a simple structure, low operation voltage, low read current, fast program/erase speed and very good reliability. ReRAM process is fully logic compatible with less add-on masks and low extra cost. UMC started to co-develop ReRAM with Panasonic in 2017 and already started mass production in 2020. Panasonic also plans to have more product tape outs in the near future. Display Driver IC 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, 124 United Microelectronics Corporation | Annual Report 2020 Overview of Technology and R&D (Continue) TV, digital camera, on-board screen, and wearable display. UMC’s High present, 0.13um, 0.11um and 90nm processes have been widely adopted Voltage Technology has led the development of various voltages to meet by smart phones for mass production. UMC has its 55nm process ready the specification requirements of various application markets. UMC was for mass production and also started to develop 40nm RFSOI technology the first in the foundry industry to introduce a 28nm High Voltage Process, platforms to catch subsequent growth trends. and mass production has been achieved for high-end LCD Display and high-end OLED Display markets. In addition, UMC has begun developing Non-Volatile Flash Memory a 22nm High Voltage Platform to provide smaller SRAM with higher UMC has always been dedicated to providing customers with complete capacity in order to meet the demand of the 2K/4K high-end display SoC solutions including non-volatile flash memory devices, which market. Power Management Process Technology 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 entered the mass production stage. This technology is suitable for special applications such as power charger, LED bulb, power amplifier, AC/DC converter, and motor driver and can meet industry demand for higher voltage and reduce the energy consumption during voltage conversion in order to save energy. As for customers with demands for highly integrated power management, UMC can provide a complete silicon IP platform compatible with the standard logic process, and various 0.5um, 0.35um, 0.25um, 0.18um, and 0.11um process technologies that integrate world-class, third generation low conduction resistance/high sustained voltage (5V~200V) devices that can be used for cell phone, tablet PC, appliance, vehicle applications, are essential for most applications. Auto chips, MCU applications and consumer products such as touch control applications all require the support of embedded flash technology. In addition to the successful mass production of 0.18um and 0.11um technologies, 55nm embedded flash memory has successfully entered the mass production stage. The MCU products equipped with 40nm embedded charge trap (eCT) flash memory is also in mass production, as well as 40nm technology platform with SST (Silicon Storage Technology) embedded SuperFlash® non-volatile memory, which has entered small volume pilot production in order to provide customers with better performance and higher density memory. UMC has begun developing a 28nm SST embedded SuperFlash® non-volatile memory platform and researching new materials for flash memory such as ReRAM, in order to meet customer demands for higher specifications. Embedded flash memory is embedded on UMC’s logic technology platform, such that the silicon IP on all logic technology platforms can support the SoC design of our customers to further etc. UMC has also begun developing a BCD+NVM technology platform enhance industry competitiveness. as a complete SoC solution for energy-saving demands. UMC 0.11um BCD-Flash platform technology will be released in 2021 for customers’ design-in and tape-out. CMOS Image Sensor (CIS), MEMS, and RFSOI Technologies For CMOS image sensor technology development, UMC’s 65nm process has been verified to enter the mass production stage. The new processes, such as back-illuminated sensor (BIS) and 55nm CIS process technologies, have entered the verification stage. This technology is expected to provide higher sensing resolution to meet product upgrade requirements. With the rising popularity of MEMS sensor applications, the demand for CMOS-MEMS pure-play foundry service has also increased. For MEMS microphone, several customers taped out new products using UMC’s MEMS microphone reference process, and volume continued to grow steadily. The second generation of CMOS-MEMS gas sensors Mixed Signal/RF Foundry Design Kit Foundry design kits can provide IC design houses with an automated design environment to eliminate unnecessary human manipulation to ensure the success of their chip design. UMC’s complete mixed signal/ RF design flows for different processes cover both the frontend and backend of RF IC Design, which can provide channels to obtain the design and simulation of circuit level, circuit layout, layout verification, and precise RF device mode. In the frontend flow, UMC’s fundamental devices of its mixed signal/RF process are executed using a general design environment and simulation tools. In the backend flow, it covers parameterized cell (P-Cell), including image-oriented layout, in order to provide an automated and complete design flow. Meanwhile, a callback function is provided during the design flow to reduce the data input. Design houses can enhance the productivity and reduce the risk of error has also entered the mass production stage. Regarding RFSOI process via this flow. technology, its unique substrate characteristics can prevent high- frequency signal harmonic frequency distortion and reduce power loss. At 125 Operations Overview Overview of Technology and R&D (Continue) UMC has worked with EDA vendors to provide its customers with a power applications. UMC’s I/O library has an extremely small area, and parameterized spiral inductor design kit based on full-wave simulation it is qualified through a stringent Electrostatic Discharge (ESD) test to – VIL (Virtual Inductor Library). VIL can allow RF CMOS design houses help customers design competitive products that can pass the ESD test to create and simulate the customized inductors compatible with UMC’s with voltage as high as 4kV. So far, numerous customers have taped- process. VIL is established based on UMC’s EMDM (Electromagnetic out successfully and mass produced products using UMC’s I/O library Design Methodology) such that engineers can easily and precisely create on 110nm, 90nm, 65nm, 55nm, 40nm, and 28nm processes. UMC also any RF structure. EMDM allows design houses to have more flexibility to provides customized embedded flash memory (eFlash) IP on various create new geometric modes via editing parameters such as diameter, process generations according to customer needs and has successfully turn, width, and track pitch. helped customers with quick market entry for their products. In addition In addition, UMC’s foundry design kit includes Optimum Inductor Finder to UMC made IPs, the Company has also established partnerships with (OIF). OIF allows design houses to quickly and precisely create a large industry-leading IP vendors in order to provide physical library, non- amount of calibrated inductor design libraries with respect to UMC’s volatile memory IPs, and diversified analog/mixed signal IPs that support process. Meanwhile, OIF also allows users to use software to execute industrial standard interfaces (such as USB, DDR, and HDMI). This the optimized inductor via several simple steps. For example, customers year UMC has extended its long-term IP cooperation with all leading IP can define desired inductance coefficients to reach the balance between vendors to 22nm and 14nm processes in order to provide customers with quality factor and area. OIF can select a design that best fits the a competitive design support environment. specifications from the inductor design library within the shortest amount of time. Silicon IP Support Intellectual Property Facing increasing technological competition, UMC has significantly strengthened patent filings to protect intellectual property in addition to Along with the design trends toward more precise deep sub-micron greatly enhancing technological capabilities in critical fields. Following generation processes and increasing design complexity, foundry can the Company's operation and development planning, the Company’s no longer only focus on process yield improvement, but must also help IP division has formulated strategies and plans for the protection and customers shorten their design flow and reduce design cost. In terms development of intellectual property to promote the steady growth of the of library design kits, UMC strengthens its design support capability by number of patent rights. Status on the implementations is reported to the constantly providing optimized library design kits closely integrated with board of directors at least once a year. The Company was granted a total the Company’s process technology in order to help designers accelerate of 484 domestic and foreign patents in 2020, 271 of which are US patents, the completion of their chip design. From mature to advanced process 96 ROC patents, and 117 China patents. The total accumulated number technologies to specialty processes, UMC can provide complete of UMC’s patents is 13,991, which can provide a thorough and strong IP Standard Cell, I/O and customized libraries to meet customers’ chip foundation for UMC’s technologies. To keep this competitive edge, UMC design needs. In terms of logic process, UMC’s standard cell library has greatly increased the quality and quantity of critical technology patents for advanced processes can provide devices of various operating and in order to further strengthen customer service and competitiveness while threshold voltages (Vt). Along with low power library kits, they can meet helping them to create profits. various customer needs for design flexibility and high performance/low 126 United Microelectronics Corporation | Annual Report 2020 Long-Term and Short-Term Business Plans UMC is committed to delivering comprehensive wafer fabrication Facing market requirements for continuously advancing semiconductor solutions to its customers based on cooperation with partners in the entire technology, in addition to UMC’s own technology R&D, the Company supply chain, including suppliers of equipment, automated electronic will work with strategic partners and supply chain vendors to jointly design tools, wafer design service, silicon IP, and packaging and testing. develop 3D chip integration technologies. UMC will also continue raising The Company provides customers with verified reference flows, broad environmental protection awareness and care for the environment. In silicon IP combinations, free design cell library databases, and diversified addition to establishing a low carbon and green chemical supply chain, options for packaging and testing. With advanced process technologies UMC is dedicated to the support of various environmental protection and world-class 12-inch wafer fabrication technology, UMC can assure activities and the promotion of environmental protection education. Outstanding UMC Achievements in 2020 • UMC Leads all Semiconductor Foundries with CDP “Leadership Level” Designation on Global Climate Change Assessment for 4th Consecutive Year • UMC Ranked Top 5% in Corporate Governance Evaluation for 6th Consecutive Year • UMC Honored by Texas Instruments 2019 Supplier Excellence Award • UMC Selected as a DJSI Global Component for 13th Consecutive Year • UMC Named 2020 “Taiwan Enterprise Sustainability Platinum Award” Winner for the 3rd Consecutive Year. • UMC Awarded with “National Enterprise Environmental Protection Award” for the 18th Consecutive Year. • UMC Awarded with “Corporate Continuous Improvement Activity” honors for the 17th Consecutive Year. accelerated time-to-market for its customers’ SoC designs. 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 products on process technologies above 14nm, UMC’s rich technology platforms at various process nodes and diversified specialty technologies can meet all requirements of primary market applications. At the same time, the Company continues to conduct structural productivity enhancements and manufacturing capacity optimization of 8-inch and 12-inch fabs to embrace new opportunities, improve revenue and improve ROE. 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 2021 is expected to be approximately USD 1.5 billion. In order to expand business scale, UMC is looking for existing fabs which are for sale, and will evaluate the possibility to acquire it, because acquiring an existing fab is more effective to meet UMC growth strategy -- to expand cost-effective capacity for competitiveness. 127 Operations Overview 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 customers • UMC is optimistic about the demand for chips in the future market of covering all global regions. The sales regions of the Company’s products mobile communication and computers; thus proper and cautious are mainly Asia Pacific and North America, which account for 57% and capital expenditure to promote the R&D of related processes and the 30% of our operating revenues, respectively. Europe and Japan accounted expansion of production capacity has been conducted. The Company for 13% of our operating revenues. In the future, UMC will continue to has also actively deployed its specialty technology solutions, such strengthen its cooperation with world-class customers and emerging as high voltage, embedded flash memory, advanced packaging, potential start-up companies in all regions and focus on the development RFSOI, etc., to continue working with leading customers to pursue of high-end products for customers in order to ensure consistent medium more products. UMC is committed to providing sufficient production and long-term company growth. capacity and to establish an open technical platform with its back-end Market Share packaging and testing partners to provide proper services. • The overall structure of Taiwan’s semiconductor industry is complete, UMC is a world leading semiconductor wafer foundry. The total revenue exhibiting world-leading competitiveness in terms of both operational of the global pure-play wafer foundry market in 2020 was approximately efficiency and cost. Taiwan’s semiconductor industry competitiveness USD 75.4 billion. According to the estimation by market survey institution combined with UMC’s technical edge results in a positive multiplier Gartner, UMC has a 7.9% share of the pure-play wafer foundry market, effect for the Company. and its main competitors are TSMC, Globalfoundries, Samsung and SMIC. In 2020, the total operating income of these four companies Favorable Factors for Development Outlook accounted for 81.4% of the total pure-play wafer foundry market. UMC Considering the continuous growth of the IC industry, the ideal position overtook Globalfoundries for second place and is behind TSMC (note: of pure-play wafer foundry, and the company’s competitiveness, the revenue of Samsung Foundry doesn’t include income from Samsung LSI favorable factors of long-term company development are summarized as in-house ASIC business). follows: • Under the vertical division of labor trend of IC design and fabrication, Future Supply-Demand Status and Market Growth there has been prosperous development of the pure-play wafer • According to the market survey of Semiconductor Industry Association foundry market and growth of global demand for pure-play wafer (SIA), the total sales revenue of the semiconductor industry in 2020 foundry services. was close to USD 433.0 billion, which has grown by 5.1% from 2019. • IDMs have adopted the strategy of outsourcing to wafer foundry, thus The semiconductor sales revenue in 2021 is expected to rebound with contributing to the growth of the pure-play wafer foundry market. 8.4% growth to reach USD 469.0 billion. According to the market • Forming strategic alliances with major international companies and survey of Semiconductor Industry Association (SIA), the sales revenue system companies to acquire long-term stable orders. breakdown of the semiconductor industry by region in 2020 was as • A strong management team, advanced process R&D, and superior follows: North America at 21.5%, Europe at 8.4%, Asia (including business development capability can result in outstanding operational China) at 61.8%, Japan at 8.3%. performance. • Looking forward to the driving force behind the pure-play foundry • UMC is one of the most active in the foundry industry in developing market growth, the growth momentum of fabless design companies 12-inch wafer fab manufacturing capabilities, owning a 12-inch fab in typically outpaces the semiconductor industry, and IDMs have adopted the Southern Taiwan Science Park, one in Singapore, another in or raised the ratio of wafer fabrication outsourcing to save costs and Xiamen, China, and acquiring its latest one in Japan. As for the future reduce market risk. Both of these factors have contributed to the high investment in 12-inch fabs, the production capacity will be further growth of the pure-play wafer foundry market; thus the performance expanded according to customer needs and market application of the pure-play wafer foundry industry is expected to be better than trends. the overall semiconductor industry. • In response to the ongoing trends of electronic products, UMC has developed specialty technologies including embedded memory, 128 United Microelectronics Corporation | Annual Report 2020 Overview of Market, Production, and Sales (Continue) mixed signal, RF, MEMS sensor, and high voltage to meet customer • UMC RFSOI technology is based on a CMOS process to meet demand for process technologies and to establish a leading position cost effective and strict technology requirements for the smartphone for UMC technology development. market. The RFSOI technology platform provides RF N-gate/P-gate • UMC has established the most powerful specialized IoT platform MOS and scalable advanced RF modeling to precisely predict the solution in the industry and provided an ultra-low-power (ULP) circuit characteristics of the process. High-density and high-voltage process with extremely low current leakage design suitable for all MIM, scalable inductor and high-precision resistors will provide UMC kinds of hybrid process technologies. IoT chip designers can customers with the best design and cost advantage. integrate various process schematics to the customized platform • The process platform of 40nm integrated with Silicon Storage based on UMC’s low power consumption technology in order to Technology (SST) embedded SuperFlash® non-volatile memory meet the specific requirements to enter the IoT and wearable is 20% smaller than the mass production 55nm unit, and the total electronic device markets. memory area has been reduced by 20%~30%. There have been more • UMC developed an advanced 28nm eHV (embedded High-Voltage) than 30 customers and products manufactured at all stages based process, and successfully mass-produced AMOLED display driver on UMC’s 55nm SST embedded flash memory process, including ICs. Compared to previous-generation technologies, display drivers SIM card, financial transaction, automobile, IoT, MCU, and other designed using 28nm eHV could improve the power efficiency of product applications. smart phone screens. Looking forward, the rising demand of 5G • The MEMS gas flow sensor process platform jointly developed by smart phones is expected to bring considerable revenue growth. UMC and one of its customers is in successful mass production and • UMC developed advanced 28nm technology, including Poly-SiON has been provided to end customers in various fields, including and high-K metal gate processes, which have already been smart home appliance and IoT. Currently the customer has mass-produced successfully for many logic/RF products. Besides successfully sent samples to major brand makers to be tested. these, an automotive-grade process was also qualified and related • UMC provided Through Silicon Via (TSV) 2.5D/3D IC technology IP is ready, with many customers designing-in now. to customers requiring advanced packaging technology under • UMC’s 22nm technology process provides customers further the environment of an open supply chain cooperative development, advantage for cost-saving and improved device efficiency. The a complementary and complete platform can be formed to provide a process design kit has been released to customers; UMC expects reliable 2.5D/3D IC solution for the semiconductor market. this process will extend the Company’s long-term competiveness. • Besides advanced silicon processes aimed to address higher voltage • UMC’s 14nm (FinFET) process technology already successfully and higher frequency device requirements of 5G, UMC developed entered mass production for customer chips in early 2017. The yield new semiconductor materials as well, including GaAs that has for shipments to primary customers has reached industry competitive already entered mass-production and GaN for high-power levels for this highly advanced process. Being one of the few applications in 5G communications. The Company expects to have a foundries in the world to achieve 14nm production capabilities, UMC place in 3rd-generation semiconductor materials, which will has fully demonstrated the advantages of 14nm FinFET in terms contribute to future revenue. of efficiency, power, and gate density in order to drive next generation ICs in the fields of communication, AI, and various consumer products. UMC’s 14nm FinFET is 55% faster with twice the gate density of 28nm, while power consumption is reduced by around 50%. • UMC developed a mmWave process technology–on nodes ranging from 55nm to 40nm ultra low power, and a 28nm high performance/ low power platform. The Company is developing 22nm ultra low power/ultra low leakage process technology, which offers customers more choices for their product planning to meet reliable, low power and cost-effective requirements. 129 Operations Overview Overview of Market, Production, and Sales (Continue) Unfavorable Factors for Development Outlook • Diversification of customer regions and products can lower the • Due to the optimism of future long-term annual growth for impact of the trade war. Besides existing strong business from China semiconductor demand, all major global pure-play wafer foundries and the U.S., UMC plans to expand more business from Europe, and China have increased their capital expenditures for expansion of Japan, Korea, etc. To avoid the uncertainty of previous high growth production capacity. UMC will be more cautious in its long-term business from server, automotive and industrial markets, UMC plans demand forecast. to gain more business opportunities from 5G, IoT, AI, etc. • The negative impact to foundry by COVID-19, include at least 3 • Avoiding blind expansion of production capacity; all investment plans possible scenarios: First is to disrupt global semiconductor supply have been carefully evaluated with complete consideration of UMC’s chain and the operation of UMC's suppliers, second is the downturn maturity of high-end processes and customer production capacity pressure for global customer's demand, third is potential production demands at various stages. delay due to shutdown of factory manufacturing or partial closure of • In response to the addition of new competitors, UMC continues operation. to enhance development of advanced processes, and maintains • Among political and economic tensions between international society, the existing advantages of stable high yield and complete services. countries have been sanctioning competing countries in an attempt The benefits of these are twofold: UMC can increase its lead against to inhibit their market expansion and technology development. This new competitors while also creating differentiation such that UMC impacts the company’s investment and operation activities. The U.S.- can continue to be the best option for its customers. China trade war was caused by a long-term trade deficit between U.S. • Providing the most advanced and proper process services with and China, and U.S. concerns about infringement of intellectual respect to IC product characteristics in all application fields in order property rights and business secrets. This trade war is not to help customers achieve the goals of lowest cost, high efficiency, expected to conclude in the near future and may even become a and low power consumption. long-term confrontation. Intervention includes tariffs, closed sales, • Strengthening marketing effectiveness and the customer service policy intervention and government subsidy, etc. The impacts to mechanism in order to continuously improve customer satisfaction. UMC, including a tariff barrier between the U.S. and China, will lower • Strengthening the development of long-term partnerships with semiconductor demand from the U.S., China and even worldwide, customers, providing competitive advanced processes and with customers reducing orders and a weakening global production capacity, helping customers expand their market share, semiconductor market. U.S. regulation to stop foreign shipments of and growing together with customers in order to seize the opportunity products containing U.S. technology to China’s companies will of new growth waves. possibly impact UMC’s shipment to China’s customers. High-tech • Taking countermeasures at all times to respond to constant market material export bans bring uncertainty to UMC’s production and time- variations while facing global recession. Expanding customer bases, to-delivery. U.S. trade bans on specific companies in China will improving product mix, and further enhancing the flexibility of possibly lead to supply chain re-arrangement, which will result in production capacity allocation in order to mitigate the impact of tighter foundry capacity allocation. periodic demand fluctuation. Countermeasures • Continuous cost saving and efficiency enhancements to effectively reduce costs, and cautiously and effectively expanding the production capacity of advanced processes; strengthening the competitive edge of the Company by increasing the ratio and product mix towards high-end processes. • Acquiring existing fabs through a more flexible strategy to expand the footprint of fab capacity through investment participation and strategic alliances to reduce the time, risk, and cost of construction of new fabs and to serve local markets. 130 United Microelectronics Corporation | Annual Report 2020 Overview of Market, Production, and Sales (Continue) Important Purposes and Production Processes of Main Products Main Process Technologies and Corresponding Products • RFSOI process: for fabricating wireless front-end chips, such as wireless switch, tuner used by mobile phones, WLAN, and wireless • CMOS Logic: for fabricating chips that execute logic computing base station. functions, such as programmable gate array, multimedia processor, • GaAs process: for power amplifier IC of handset and base station. and application processor chips. • GaN process: for RF IC of power amplifier IC, LNA in 5G base station, • Mixed-Signal: for fabricating chips which can simultaneously and DC-DC converter in high-power portable battery charger in process analog/digital mixed signal, such as ICs for broadband handset, tablet, and notebook, power supply of workstation and access communication and optical storage. server, and DC-DC converter in EV. • RF CMOS: for fabricating high frequency wireless communication • 3D IC package: for many applications in HPC, 5G, datacenter and chips, such as ICs for cellphone RF transceiver, Wireless Local Area automotive. Network (WLAN) and Bluetooth. • Embedded Memory: for fabricating integrated logic and memory chips Production and Fabrication Process for high performance with low power consumption, such as chips for A complete IC chip fabrication process can be divided into five processes, micro-controller, touch controller, and smart card. including IC design, mask fabrication, wafer fabrication, packaging, and • High Voltage: for fabricating driver ICs for LCD TV, cellphone, tablet, testing. UMC has been dedicated to the R&D of advanced IC processes e-paper screen driver IC, and power management IC. and specialty technologies in order to provide customers with wafer • CMOS Image Sensor: for fabricating CMOS image sensors used in fabrication technologies required by their IC designs. 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. 131 Operations Overview Status of Supply of Primary Raw Material Type of Primary Raw Material Silicon Wafer Primary Suppliers Market Status of Suppliers Procurement Strategy • 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) These five makers are the world’s primary silicon wafer suppliers with production sites in the US, Japan, Germany, Italy, Korea, Taiwan and Southeast Asia, who can offer steady and high quality silicon wafers. 1. The Company has been in long -term procurement relationships with the world’s primar y suppliers in order to ensure the steady access to production material. 2. In recent years the ratio of procurement from loc al makers has increased maturely, which c an reduce the risk of international transpor tation and procurement cost. 3. The Company will convene a supplier management commit tee meeting ever y quar ter to evaluate suppliers’ per formance in order to adjust the ratio of procurement from these suppliers. 4. The Company established a sourcing commit tee to implement source integration and development more ef fectively and to gain the most benef it of cost reduction. Major Suppliers 2020 In Thousand NTD 2019 Name Supplier “ A” Others Net Purchase Amount Percentage of Net Purchase Relation to UMC Amount Percentage of Net Purchase Relation to UMC 5,329,822 41,767,109 47,096,931 11 89 100 None 5,675,751 35,982,480 41,658,231 14 86 100 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 Customer “A” Others Operating Revenues Amount Percentage of Operating Revenues 20,380,814 156,440,100 176,820,914 12 88 100 2020 Relation to UMC Amount None 17,576,293 130,625,348 148,201,6 41 In Thousand NTD 2019 Relation to UMC None Percentage of Operating Revenues 12 88 100 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” increased. 132 United Microelectronics Corporation | Annual Report 2020 Production Figures Segments Unit Capacity Production Quantity Production Value (In Thousand NTD) Capacity Production Quantity Production Value (In Thousand NTD) 2020 2019 9,188 8,893 133,991,069 8,148 7,229 123,055,291 - 133,991,069 227,873 123,283,164 In Thousands of 8-inch Wafer Equivalents Wafer Fabrication New Business Total Sales Figures Segments Unit Shipments Amount (In Thousand NTD) Shipments Amount (In Thousand NTD) 2020 2019 Wafer Fabrication New Business Total Note: Net Sales. 3,705 5,208 In Thousands of 8-inch Wafer Equivalents Domestic Export Domestic Export Domestic Export 63,829,608 106,055,593 468 3,226 63,830,076 106,058,819 2,977 4,212 Industry Specific Key Performance Indicators KPI Utilization Rate Wafer Sales Contributed from 40nm and below Technologies Target 89.6% 33.7% Actual 96.9% 36.9% 53,190,058 89,434,961 17,627 26,118 53,207,685 89,461,079 2020 Difference 7.3ppts 3.2ppts 133 Operations Overview 2021 11,361 805 3 7,116 2020 11,377 795 3 7,211 2019 11,328 809 24 7,416 19,285 19,386 19,577 2021 37.9 2021 11.3 2020 37.7 2020 11.2 2021 2020 1.5 27.2 49.2 22.1 1.5 27.2 49.0 22.3 2019 37.1 2019 10.5 2019 1.6 28.1 47.6 22.7 Employees Number of Workers Engineers Administrators Clerks Technicians 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 2021 was gathered until February 24, 2021. 134 United Microelectronics Corporation | Annual Report 2020 Environmental Expenditure Information By the publication date of the 2020 annual report, all audits on UMC by spent on annual environment monitoring to track the overall emission of environmental protection agencies showed results in compliance with pollutants. In addition, in response to RoHS (Restriction of Hazardous regulatory requirements with no environmental protection violations or any Substances), around NTD 570,000 has been spent on continuous penalty or loss resulting from environmental pollution. certification of the QC-080000 IECQ HSPM system, product inspection, UMC has identified environmental risks during the operational process and educational training. according to the spirit of international environmental management In the future, the Company’s primary environmental protection expenditures system (ISO14001) standards, based on which corrective and preventive and items will include: 1. Costs of replacement, renewal, and upgrade of existing measures can be continuously conducted, including equipment hardware pollution prevention equipment; 2. Operational costs of pollution prevention improvement, enhancement of personal educational training, and equipment; 3. Waste disposal costs, and 4. Environmental monitoring costs. strengthening of operating system management. In 2020, the total environmental protection related expenditures for all UMC fabs exceeded NTD 2.17 billion. The environmental related expenditures include investment in highly efficient pollution prevention technology and preventive equipment, totaling NTD 710 million. The monthly pollution prevention expenses and O&M of pollution prevention equipment exceeded NTD 88.8 million, while the monthly waste disposal cost exceeded NTD 20.4 million. Meanwhile, NTD 17 million has been Labor Relations UMC has consistently valued employee benefits and welfare, and has and health, labor relations, and the national excellence award for friendly actively cultivated talent, implemented labor laws and regulations, workplace. Among these awards, the Special Distinction Award was given protected employee rights and interests, and created a bright and by the Hsinchu Science Park Bureau for Excellent Workplace Equality and pleasant working environment. UMC complies with various local laws Southern Taiwan Science Park Bureau for Advanced Workplace Equality. and regulations, and strengthens employee awareness to prevent labor At the same time, UMC also won various corporate sustainability disputes. Through channels such as labor-management meetings, awards in 2020. For corporate sustainability, UMC ranked in the top divisional meetings, forums, suggestion boxes, grievance hotlines staffed 5% for corporate self-governance, and has won the Taiwan Corporate by complaint specialists, and communication management units, the Sustainability Platinum Award, Ministry of Economic Affairs Energy Company has achieved competent communication and effective problem- Saving Benchmark Award and National Enterprise Environmental solving. Protection Award. In addition, UMC has been listed on the Dow Jones In addition to effectively maintaining harmonious labor relations, UMC Sustainability Index (DJSI) for 13 consecutive years. respects and promotes international human rights by providing employees From recent years to the publication of this annual report, UMC with a quality employment environment. Moreover, in UMC and all its has not suffered any loss arising from labor disputes. In view of the subsidiaries, the management and implementation of labor relations abovementioned comprehensive system and diligent management, UMC such as employee welfare measures, in-service education, training and can continue to effectively avoid labor disputes or losses. retirement systems are planned and conducted in accordance with or above and beyond the requirements of law. UMC has also set up in-house physicians to provide medical services and quality counseling services for the physical and mental health needs of employees, thereby promoting harmonious labor relations. UMC is committed to providing employees with a safe and friendly working environment. Through continuous efforts, UMC has received numerous awards from the Science Park Bureau for promoting workplace safety 135 Operations Overview Education and Training High-quality talent is the cornerstone of UMC's competitiveness, and proposal improvement, project management, problem analysis comprehensive talent development and cultivation are the keys to techniques, statistical process control and experimental design. improving human resource quality. UMC's human resource cultivation • Language Training: Employee language proficiency is determined policies are tailored according to the career development needs of through language testing. Training programs targeting specific employees in their particular job type and rank. The policies provide learning needs are then provided accordingly to strengthen employee systematic training for all employees, such as new employee, technical, language skills and workplace competitiveness. management, quality control and language courses. In addition, a wide • E-Learning: UMC has established a learning webpage for employees range of learning resources such as online learning courses, on the that integrates all course information, training systems and data job training (OJT) and in-service training are also offered to provide all enquiries. The online platform enables employees to easily access employees with a working environment that is conducive for continuing needed information for planning and learning without schedule development. In 2020, UMC conducted a total of 7,368 training sessions, constraints. totaling 12,511 hours of training, with 168,064 participants and total • On the Job Training: Each fab has an Education Committee to provide training expenses of NTD 54,309,728. training for employees in the various divisions. The training is based The following is a summary of training courses provided by UMC: on skills required by specific jobs and professional skills assessment • New Employee Orientation: To help new employees quickly adapt to to ensure that employees have the required job competencies. the work environment, orientation training is provided for new Additional training based on individual differences is also provided to employees to give them a basic understanding of semiconductor improve the quality of work. The Human Resource Division conducts processes and establish a common language. In addition to basic an annual review of training outcome to determine and direct the courses on company organization, remuneration and benefits, basic operations of the Education Committee in each fab, and convenes a daily necessities and industrial safety, U-Camp courses on workplace training outcome meeting so that the fabs can share their experience. stress management and adopting a positive attitude also help new • In-service Training: UMC provides information on in-service courses employees understand the spirit and values of UMC. To help new offered by outside colleges and universities, promotes educational employees quickly develop professionalism and an appropriate job resources and offers subsidies for in-service training to encourage attitude, they are paired with a mentor to help them quickly integrate employees to develop the professional competencies or management into the corporate culture. skills required at each stage of their career. • Technical Training: To help engineers quickly master the overall • Business Ethics Training: To enhance the behavioral literacy, technologies and continue to advance technologically, UMC has professional ethics and professional competence of UMC and all its a comprehensive training blueprint for engineers that is specific to employees, courses on employee ethics, insider trading prevention divisional attributes. The curriculum includes basic courses (General and conflict of interest are conducted within the Company and to Level 2 courses) and advanced, technology-specific themed promoted in the Planning Section of the UMC intranet site. To gain seminars (Level 3 - 4 courses) to enhance the technical capability of public trust, all employees (including high-level executives and other the engineers and develop a system of internal experts. In addition, managers in the operation team) are expected to abide by the ethical to equip employees with multiple skills and promote cross-divisional spirit of the Company in their daily tasks and businesses, thereby cooperation, UMC continues to promote inter-divisional training ensuring the sustainable growth and development of the Company. courses to increase the depth and breadth of professional and To ensure effective training direction and implementation, the Human technical training for employees. Furthermore, curriculum content Resource Division develops education and training projects in the is continuously improved to meet the rapid changes and progress of fourth quarter of each year according to annual company-wide policies, technology. the General Manager's directives for training focus and direction, • Management Skills Training: Management skills development is an and company-wide survey of training needs. The projects include important task for supervisors at all levels. To this end, UMC provides company-wide, cross-divisional and divisional training programs. a series of courses targeting competencies relevant to supervisors, Program implementation is reviewed each quarter, and corrective and such as management behavior, skills, knowledge and corporate improvement measures are proposed for unachieved goals to ensure the culture integration. To assist supervisors with achieving cooperation effectiveness of specific employee training. in their work and management, learning resources such as foreman/ sectional chief, grassroots supervisor, middle-level supervisor and UMC believes that creating a high-quality work and learning environment senior executive training courses are conducted. can increase employee performance output and retention, and that high- • Quality Training: Training courses relevant to UMC quality policies and quality employees who continue to develop are the key foundation to the quality requirements are conducted, such as knowledge management, sustainable development of UMC. 136 United Microelectronics Corporation | Annual Report 2020 Employee Benefits Employee Welfare System • Accommodation and transportation assistance: UMC provides safe UMC believes that employees are the most important assets of the and comfortable accommodations for both direct labor and indirect Company, and that a company can continue to develop and progress labor. Free scheduled transportation and shuttle services are also only with appropriate and sufficient talent. To this end, UMC is committed provided for convenient and quick connections. to creating a healthy workplace environment. In addition to providing At the same time, the UMC Welfare information platform was optimized competitive salaries and dividends, a comprehensive education and in 2018 with the introduction of the Welfare Club APP; through GPS, training system, diverse benefits and a safe and healthy working employees can instantly find contract stores, thereby further enhancing environment, UMC has also developed a comprehensive employee their after-work life. welfare system in accordance with local laws and regulations and UMC also holds employee health in high regard, and plans and regional needs. implements benefits in accordance with or above and beyond the UMC provides a variety of welfare measures as follow: requirements of the law. For example, UMC complies with the Act • Nutritionally balanced and delicious meals: Each fab has its of Gender Equality in Employment, the Regulations for Establishing independently operated cafeteria and a variety of meal options. By Measures of Prevention, Correction, Complaint and Punishment of combining the cafeteria, cafe and convenience store into an integrated Sexual Harassment at Workplace, and regulations for leave such as dining area, employees can enjoy healthy and balanced meals. personal, sick, maternity, paternity, menstrual, family care, marital, • Fitness Sports Center: UMC operates its own recreation center in the bereavement, occupational sickness, annual, parental and nursing Hsinchu science park, and Tainan Fab 12A has the UMC Park Activity leaves. Center, a multi-purpose sports center gym and the LM Dormitory In particular, UMC is the first private enterprise in the country to promote gym. In addition, other facilities such as gyms and aerobics a 12-hour rotating shift for its direct labor. Further worth mentioning is classrooms are located in appropriate areas of UMC fabs to reflect the the Company’s comprehensive insurance system where from the day concept of a healthy workplace. of their employment, employees are provided with numerous insurance • Welfare Events: The Welfare Committee routinely organizes events services. In addition to labor, health and free group insurance (NTD 2 (such as Family Day, art activities, movies, trips), and in coordination million group insurance and cancer insurance), the spouse and children with company celebrations, organizes inter-fab competitions to of employees can enjoy life insurance, accident insurance and group cultivate team unity. At the same time, other inter-divisional and medical insurance, and their parents can enjoy accident and medical inter-fab activities are held during holidays to enhance employee work- insurance, thereby freeing them of worry and enabling them to work their life balance. best for the Company and society. • Club Recreation: UMC has five major categories of clubs, such as sports, arts and community service. Whether active or more sedentary, employees can choose from a variety of content. In 2020, UMC had a total of 30 clubs and about 2,369 participants. 137 Operations Overview Employee Benefits (Continue) 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 physical 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 2020, UMC adopted the “2020 Health Care 2.0” 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 guidelines 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 activities and education are then organized for employees accordingly to give them further knowledge and skills for self-managing their health and the health of their families. Furthermore, through occupational safety and health project management, UMC’s Health Center has installed an internal reporting system for potential occupational chronic injury and disease, with regular hearing inspections and vision care programs to effectively prevent occupational injuries. Moreover, as of 2020, UMC’s IT divisions have integrated their existing systems to construct a customized personal Health Care System for employees. In addition to checking their own health check reports over the years, colleagues can also receive system notifications on the day of consultation with medical staff, and immediately read and confirm consultation related information, which improves the timeliness and care rate of the medical team’s care. In addition to regulatory annual checkups, UMC also offers a variety of preventive screening and health promoting activities such as 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. 138 United Microelectronics Corporation | Annual Report 2020 Major Contracts Supply and Marketing The Company has signed sales and service contracts with the following UMC maintains long-term business relationships with major wafer companies to grasp the current situation of the global market. In addition, material suppliers. The main supply and sales contracts are as follows: Contract Type Contracted Party Contract Period Key Content Restrictive Clause Sales UMC Group(USA) Jan. 1, 2019~Dec. 31, 2024 Service United Microelectronics (Europe)B.V. Jan. 1, 2018~Dec. 31, 2022 Sales and related service for semiconductor products None Marketing support service for semiconductor products None Service UMC Korea Co., Ltd. Jan. 1, 2020~Dec. 31, 2020 Jan. 1, 2021~Dec. 31, 2025 Marketing support service for semiconductor products None Service HeJian Technology (Suzhou) Co., Ltd. Jan. 1, 2020~Dec. 31, 2024 Service United Semiconductor Japan Co., Ltd. Jan. 1, 2020~Dec. 31, 2024 Marketing support service for semiconductor products None Marketing support service for semiconductor products None Purchase Shin-Etsu Handotai Taiwan Co., Ltd. Indefinite Wafer material supply None Patent and Technology Licenses UMC values and protects intellectual property rights. With nearly 40 or technology patent holders to ensure that UMC’s customers are not years dedication in earning semiconductor patents, UMC has achieved subject to the risk of wafer process infringement. The following are patent a predominant position in the semiconductor industry. UMC also enters licensing contracts received and given by UMC: into patent or technology license contracts with major semiconductor 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 CMOS and FinFET technology to UMC. None None Patent License Conversant Intellectual Property Management Inc. & Conversant IP (Taiwan) Inc. From Feb. 08, 2018 License for specific patents. 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 Technology License Mie Fujitsu Semiconductor Limited From Aug. 29, 2014 Patent cross-license for semiconductor process, semiconductor device and semiconductor 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. UMC licensed its 40nm process technology to Mie Fujitsu Semiconductor Limited. None 139 Operations Overview Major Contracts (Continue) Contract Type Contracted Party Contract Period Key Content Restrictive Clause Patent Cross-license Avago Technologies International Sales Pte. Limited Sep. 29, 2018~Dec .31, 2023 Patent License NXP B.V. Sep. 30, 2015~Sep. 29, 2020 Patent cross-license for semiconductor device related patents. Patent license and assignment of right for patent application. None None Patent Cross-license Katana Silicon Technologies, LLC Technology License United Semiconductor (Xiamen) Co., Ltd. Apr. 01, 2017~Mar. 31, 2022 From Nov. 05, 2019 License for specific patents. None Technology License United Semiconductor (Xiamen) Co., Ltd. Nov. 23, 2018~Nov. 22, 2028 UMC licensed its 28nm process technology to United Semiconductor (Xiamen) Co., Ltd. implemented UMC signed and the contract in accordance with the scope approved by the Investment Commission, Ministry of Economic Affairs. 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. Patent Cross-license Polaris Innovation Limited From Mar. 20, 2020 License for specific patents. None 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 UMC signed and implemented the contract in accordance with the scope approved by the Investment Commission, Ministry of Economic Affairs. Construction Contract Type Contracted Party Contract Date Key Content Construction Construction Wholetech System Hitech Limited, Hueng Luei Process Industry Co. Ltd., Worldwide Co. Ltd., Princeton Precision Industries Co., Ling-yong International Engineering Corporation, L&K Engineering Co. Ltd. and others. L&K Engineering (Suzhou) Co., Ltd., Wholetech Group (Shanghai) Trading Co.,Ltd., Shanghai Nomura Engineering Co, Ltd., Hengyuan Allis Electric Co., Ltd. and others. Construction Suzhou Topco Construction Ltd. 140 Restrictive Clause None From Jan., 2020 For building the facilities of Fab 12A in the Tainan Science Park, UMC signed construction contracts with the vendors including but not limited to those major vendors listed in the second column. The total contracted amount exceeded NTD 2 billion. Jan. 01, 2020~ Dec. 31, 2020 May 01, 2019~ Jun. 30, 2020 United Semiconductor (Xiamen) Co., Ltd. entered into construction contracts with the vendors including but not limited to those major vendors listed in the second column for building fab facilities. The total contracted amount exceeded USD 20.95 million. HeJian Technology (Suzhou) Co., Ltd. entered into construction contracts with the vendors listed in the second column for HeJian New Phosphorus Wastewater Treatment System. The total contracted amount exceeded RMB 13.18 million (excluding tax). None None United Microelectronics Corporation | Annual Report 2020 Review of Financial Position, Operating Results, Risk Management 142 Financial Position 143 Financial Performance 144 Cash Flow 144 Major Capital Expenditures from Recent Years and Impact on Company’s Finance and Business 144 Main Reasons and Improvement Plans for Recent Annual Reinvestment Policies and Profit or Loss, and Investment Plans for the Coming Year 145 Risk Management and Evaluation 154 Other Necessary Supplements 141 Review of Financial Position, Operating Results, Risk Management 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 2020 164,305,911 132,774,663 4,877,913 75,557,888 377,516,375 78,243,526 63,499,747 141,743,273 124,224,015 43,211,214 80,176,360 235,773,102 2019 Differences Differences(%) In Thousand NTD 153,757,141 150,374,096 5,198,247 60,857,881 370,187,365 72,714,322 90,258,621 162,972,943 117,575,798 39,550,394 60,820,280 207,214,422 10,548,770 (17,599,433) (320,334) 14,700,007 7,329,010 5,529,204 (26,758,874) (21,229,670) 6,648,217 3,660,820 19,356,080 28,558,680 7 (12) (6) 24 2 8 (30) (13) 6 9 32 14 Analysis of deviation of over 20% between 2020 and 2019: 1. Other assets: Due to the increase in investments accounted for under the equity method. 2. Non-current liabilities: Due to the reclassification of long-term loans to current liabilities. 3. Retained earnings: Due to the increase in net income for the period. 142 United Microelectronics Corporation | Annual Report 2020 Financial Performance Items Years 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 (expense) benefit Net income 2020 176,820,914 (137,823,813) 38,997,101 (23,243,584) 6,253,890 22,007,407 5,918,772 27,926,179 (745,767) 27,180,412 2019 Differences Differences (%) In Thousand NTD 148,201,641 (126,886,669) 21,314,972 (21,807,284) 5,182,162 4,689,850 1,045,787 5,735,637 393,130 6,128,767 28,619,273 (10,937,144) 17,682,129 (1,436,300) 1,071,728 17,317,557 4,872,985 22,190,542 (1,138,897) 21,051,645 19 9 83 7 21 369 466 387 (290) 343 Analysis of deviation of over 20% between 2020 and 2019: 1. Gross profit Due to the increase in capacity utilization for the period partially offset by the impact of the appreciation of the Taiwan dollar against the US dollar. 2. Net other operating income and expenses Due to the increase in gain on disposal of buildings. 3. Non-operating income and expenses Due to the increase in net gain of financial assets and liabilities at fair value through profit or loss caused by stock market volatility and increase in share of profit of associates and joint ventures. 4. Income from continuing operations before income tax Due to the increase in gross profit for the period. 5. Income tax (expense) benefit Due to the increase in income from continuing operations before income tax for the period. 143 Review of Financial Position, Operating Results, Risk Management Cash Flow Analysis of Cash Flow for the Year Ended December 31, 2020 In Thousand NTD Cash at Beginning of Year Net Cash Flow from Operating Activities Net Cash Flow from Investing and Financing Activities Cash at End of Year Remedial Measures for Cash Flow Shortfalls Investment Plans Financing Plans 95,492,477 65,745,192 (67,189,633) 94,048,036 - - Note: Net cash flow from investing and financing activities includes the effect of exchange rate changes of NTD (1,476,786). 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 property, plant and equipment, acquisition of intangible assets and increase in other financial 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 and short-term loans and treasury stock sold to employees. 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 94,048,036 68,664,416 (68,116,173) 94,596,279 - - Major Capital Expenditures from Recent Years and Impact on Company’s Finance and Business Execution Status of Major Capital Expenditures and Sources of Funding Operating Segment Actual and Expected Sources of Funding Total Amount (Up To 2020) Project Capital Expenditures Plan In Thousand NTD 2020 2019 Completion Status (Up To 2020) Wafer Fabrication Production Equipment Cash flows generated from operations, bank loans and issuance of bonds R&D Equipment Cash flows generated from operations, bank loans and issuance of bonds New Business Production and R&D Equipment Cash flows generated from operations and bank loans Completed 41,719,539 25,845,056 15,874,483 Completed 4,112,751 2,245,462 1,867,289 Completed 32,638 13,950 18,688 Expected Benefit from Capital Expenditures Based on aforementioned capital expenditures, in 2020 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 5% 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, as of December 31, 2020, UMC and its subsidiaries have invested about USD 1.37 billion into United Semiconductor (Xiamen) Co., Ltd’s 12-inch fab for 28-90nm wafer service to pursue further growth of the Company. UMC’s investment policies are based on long-term strategic investments to match the Company’s operations and development. 144 United Microelectronics Corporation | Annual Report 2020 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 and Operation 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. The Committee integrates the identified various risk items, including strategy, operations, finance, hazards, etc., assesses the likelihood and severity of their occurrence, defines the priority order and risk level of risk items, and takes response actions for major corporate-wide risk issues. And, the committee makes a summary report to the Board of Directors every year. The management plan includes periodic reviews of the potential occurrence of risks and the potential for changes in severity over time, and whether the risk level of major risks is reduced after the implementation of countermeasures to grasp the effectiveness of risk management. The Committee 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 2021 Not applicable Not applicable 2022 Not applicable Not applicable 2023 Not applicable Not applicable 7% to 10% 7% to 10% 7% to 10% Latest Annual Project 14nm process technology 22nm process technology 28nm Image Signal Processor technology Current Progress finished its 14nm FinFET process platform UMC development. Customer product yield reach 90%, passed customer product HTOL qualification and entered the mass production stage. For 22nm ultra-low power/ultra-low leakage technology development, pilot production of customer products has been completed. In Q4, 2020, the mass production milestone of customer DTV chips has been reached. Product optimization is continued and has been expanded to automotive electronics applications. According to the timeline of the 28HPCU+ image signal processor process development plan, the related process development and verification were completed, and the mass production milestone was reached in 2020. Low- power high-pixel image signal development is proceeding as planned. Time of Mass Production Key Success Factors for Future R&D R&D Expenses Which Should Be Invested for the Next Two Years NTD 300 million 2020 NTD 600 million 2021 • Customer product design verification and yield reached mass production levels and performance meets product design targets. • Customer circuit design verification and product yield qualification to meet mass production standard. NTD 200 million 2021 • Customer circuit design verification and product yield qualification for mass production. Embedded magneto- resistive memory Relevant process development and verification should be conducted according to the development project schedule for embedded magneto-resistive memory. NTD 700 million 2021 • Customer circuit design verification and product yield qualification to meet mass production standard. 145 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) Current Progress Latest Annual Project Time of Mass Production Key Success Factors for Future R&D R&D Expenses Which Should Be Invested for the Next Two Years Special technology R&D Development and verification of 90/55/40/28/22nm specialty technology platform (including HV, CIS, eFlash, RFSOI, etc.) NTD 2.7 billion 2022 Wafer-on-wafer hybrid bonding Development and verification of wafer-on-wafer hybrid bonding NTD 200 million 2023 Note: The R&D expenses for the next three years will account for around 60% to 75% of the total annual R&D expenses. • Cooperating with customers to create a win-win situation. • Completing IP verification on time. • Quality verification is in compliance with customer requirements. • Cooperating with customers to create a win-win situation. • Customer circuit design verification. In 2020, 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 logic 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 Southern Taiwan Science Park with sufficient funds for enriching the overall R&D resources. In terms of 14nm process technology, UMC finished 14nm FFC platform development. Product yield reached 90% and performance met the product design target. At the same time, the 14FFC platform process also passed customer product HTOL (High Temperature Operating Life) reliability qualification and entered the mass production stage. With the successful rollout of 5G and Netcom applications, UMC 14FFC has also attracted customers to engage new product design-ins, with tape out scheduled in 2021. UMC’s R&D team will continue to optimize 14nm to take full advantage of the performance, power consumption, and gate density of 14nm FinFET in order to drive next generation Internet, AI, and consumer product applications. The development of a 22nm 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 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. UMC’s 22nm process has been introduced to customers and, in Q4, 2020, has reached the milestone of mass production of digital TV (DTV) chips for customers. There are further plans to continue optimizing the process and expand the application 146 range of 22nm process products. In 2021, it is expected that more than ten customers will apply this platform technology for pilot production of Internet of Things (IoT), consumer electronics, industrial applications, and wearable (Mobile) products. UMC’s 28nm high-performance process utilizes high-k/metal gate stack technology. The 28nm high-performance computing process (28HPCU+) entered mass production in 2020 for image signal processor (ISP) products. The 28HPCU+ millimeter wave (mmWave) process covers high-performance and low-power technology platforms. The verification of the millimeter wave chip design process has been completed. UMC further extends its SPICE model coverage to 110GHz for mmWave in order to serve mobile phone, automotive/industrial radar and 5G FWA/ CPE applications. For the embedded magneto-resistive memory, this year’s scheduled development milestone was completed with high test-chip yield, and the Company provided the embedded MRAM macro IP for potential customers on its 22ULL platform. For specialty technologies, UMC has launched the development of “More than Moore” processes and successfully provided 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 its 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 its 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 bank loans as of December 31, 2020, if the interest rate increases/decreases by 10 basis points, the Company’s net profit for 2020 will decrease/increase by NTD 44,123 thousand. In order to reduce interest rate risk, the Company continues to monitor changes in market United Microelectronics Corporation | Annual Report 2020 Risk Management and Evaluation (Continue) 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 liabilities of risk-avoiding management denominated in foreign currencies as of December 31, 2020, when the NT dollar strengthens/weakens by 10 percent against the US dollar, the Company’s net profit for 2020 will decrease/increase by NTD 1,335,914 thousand. On the other hand, when the Chinese Yuan strengthens/weakens by 10 percent against the US dollar, the Company’s net profit for 2020 will increase/decrease by NTD 1,625,241 thousand. When the Japanese Yuan strengthens/weakens by 10 percent against the US dollar, the Company’s net profit for 2020 will increase/ decrease by NTD 472,837 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. Inflation The inflation status in 2020: Due to the impact of the COVID-19 in 2020, the price of international crude oil and raw materials fell, causing Taiwan’s 2020 annual growth rate based on consumer price index (CPI) to fall below that of 2019; however the average consumer price index (CPI) in Taiwan was 102.31%, indicating that the overall consumer price is stable, with no deflation. 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 The 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 “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 The Company places significant importance 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 performance, reduce power consumption, and continuously enhance our technical advantages, UMC invested a total of NTD 12.9 billion in research and development in 2020. 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 offerings. The Company invested approximately USD 1 billion in capital expenditure during 2020. Looking into 2021, UMC will continue to appropriately invest into advanced technology node capacity, optimize capacity to enhance product mix and penetrate emerging applications. The Company believes that these efforts will create higher customer adoption of our 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. 147 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) Expected Benefits, Possible Risks and Response Measures for Mergers and Acquisitions With UMC’s customers being located all over the world and given the Company’s business philosophy of continuously improving its service 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 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 the acquired company 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 customers are given more competitive foundry solutions. Moreover, UMC’s overall value can be increased and shareholder interests can be enhanced. The main possible risk of cross-border merger and acquisition involves integration and compliance with the regulations of various countries, and whether the production synergy following mergers and acquisitions can meet expectations. If, for some reason, the M&A cannot be successfully completed or is unable to achieve the operational synergy target, it may affect the company's overall operating performance and even the company's long-term growth strategy. UMC established a dedicated organization to execute M&A related activities, with a view of successfully completing equity purchases and M&A and taking advantage of operational synergies. At the same time, the Company also makes plans for future sustainable business strategies, and seeks the best interests of all shareholders as the direction of continuous efforts. Therefore, in terms of the integration and compliance of laws and regulations, UMC strives to meet the requirements of the regulators to handle equity purchases or M&A plans. In addition to careful planning and consultation in advance, the Company also consults about the merger mechanism with professionals from the respective countries; in terms of operational efficiency, the Company pays attention to cross-national cultural differences and sets up a communication channel at the beginning to establish full trust of the employees and customers of the acquisition target; reconciles the operation process and calibrates the quality management system to smoothly port new processes and new products; plans an expert team to promote benchmarking and introduces best practices to maximize overall operating efficiency. 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 148 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 satisfying customer 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 of Procurement Concentration Risk of material shortage: for example, insufficient production capacity, accident in the factory, 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 subjects of “Risk Assessment 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, flexibilities 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 “Accident 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 sustained growth of the Company can be ensured by combining the competitive edges of UMC and these customers. In 2020, the operating revenues of UMC’s top 10 customers accounted for approximately 53.7% of UMC’s operating 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 United Microelectronics Corporation | Annual Report 2020 Risk Management and Evaluation (Continue) 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 rise to investors’ concerns 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. 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 June 12, 2020, an adverse ruling issued by the District Court of Taichung in a suit alleged that UMC, two of its current employees and a former employee engaged in the misappropriation of trade secrets. The Company does not expect material financial impact resulting from this claim. UMC appealed against the sentence. 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. 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 manufacture, sell, and import products that infringe the patent rights of UMC. The court 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 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. Besides, UMC has suspended the joint technology development activities with JINHUA. With respect to the criminal proceedings, on October 22, 2020, UMC filed a sentencing memorandum with the court, proposing to plead guilty to a lesser charge and to pay a fine of US$60 million. On October 29, 2020, the court approved the above-mentioned sentencing memorandum submitted by UMC. The DOJ has dismissed its corresponding civil complaint. UMC has recorded the fine in non-operating other losses. 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 a lead plaintiff counsel 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 has been completed and is now under trial. The Company does not expect material financial impact resulting from this claim. Risks Relevant to Intellectual Property UMC values technology development and respects intellectual property rights, hence UMC develops 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. 149 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) 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. UMC’s ability to compete also depends on its ability to operate without infringing on third parties’ intellectual proprietary 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 infringement risks. Furthermore, 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 business operational concern of climate change. The Company 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 a climate change situation, and ISO14090: Adaptation to Climate Change and the assessment procedure in the UK Climate Impact Programme (UKCIP). Adaptation and mitigation measures are developed in response to the identified climate change risk. The inevitable global carbon risk resulting from climate change 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. In addition, UMC has also 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 150 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. Green Energy Policy may Cause Investment Pressure and Unstable Power Supply Risks for Companies In response to global climate change mitigation and adjustment actions, the Taiwan government has announced its 2025 renewable energy goal and asked enterprises that when their contract capacity with Taipower company reaches 5,000 kW, 10% of the contract capacity must come from renewable energy, such as solar energy, energy storage, renewable energy voucher, or face a penalty. To adapt to the operational impact resulting from regulatory compliance, UMC proactively plans different solutions, such as installing renewable energy generating equipment or energy storage equipment, or the purchase of vouchers. Estimated annual amortization expense from increased operating costs or capital expenditures will not exceed NTD 200 million. Also, even though the percentage of installed capacity for renewable energy is gradually growing according to Taipower’s website, there is a considerable difference across 27GW targets. If the Taipower generators break down and the renewable energy supplies are unstable during peak power consumption periods, there may be a risk of power disruption due to insufficient backup capacity. Therefore, UMC has provided UPS for important production equipment, and plans to replace the existing lead- acid batteries UPS with lithium ion batteries year by year to improve supply stability. In addition, UMC has also established a diesel generator safety inventory control mechanism... etc. to strengthen power supply resilience. 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 has applied international standards, such as 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 onsite in case of disaster. United Microelectronics Corporation | Annual Report 2020 Risk Management and Evaluation (Continue) 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 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 Extreme Weather UMC has always been concerned about the possible impacts from extreme weather. The Company has completed flood 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 in advance. Moreover, Taiwan is facing the most serious water shortage condition in 56 years. To respond to the possibility of stricter water measures being imposed in the near further, UMC has prepared supplementary water resources by contracting with water trucks and sources, and will align with the reclaimed plant construction schedule by the Water Resources Agency, Ministry of Economic Affairs to use reclaimed water in the plant. The estimated additional cost for 20% water supply restriction will be about NTD 3 million/day. Safety Protection of Process Equipment Safet y, Health, and Environment al Protection St andards 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 machines 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. Business Continuity Management (BCM) 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 • The 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 C ompany will keep good communications 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. 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. 151 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) 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 information security is everyone’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 According to the Enterprise Risk Management Committee management procedure, UMC assesses the risk level of information security, takes response actions, and regularly reviews effectiveness. 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. https://www. umc.com/en/Download/awards_and_certificates 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, UMC 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. 152 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 attack 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 USD 10 million 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. The Impact of 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 software 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 limit them to a small extent of impact. After the virus incident in August 2018, 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, United Microelectronics Corporation | Annual Report 2020 Risk Management and Evaluation (Continue) Efficiency” as its corporate culture and well fulfill “due care/due diligence” management responsibilities 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 Potential Impact on the Investment and Operation of the Company and Corresponding Measures. Internationally, due to political or economic tensions between major countries, national power has been exerted 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’s 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 regions, UMC also aggressively expands its business from other regions such as Europe and Japan. In addition to the company’s original business in server, automotive and industrial applications, UMC also has active efforts aimed at expanding its opportunities in 5G, 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 measures. 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 the 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. 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 practices, UMC provides a comprehensive learning environment for employees to improve the skills and expertise of their colleagues. The Company focuses on “talent attraction, cultivation, and retention” as the key goals of training & development, while continuously improving the quality and effectiveness of training, cultivating talent to meet the needs of the organization, and ensuring the continuation of experience. Meanwhile, UMC also pays attention to external market salary information and provides competitive salary and welfare conditions to achieve the Company’s sustainable operation goals. The Impact of Contagious Diseases on the Company’s Operations and Countermeasures Any outbreak of infectious diseases, such as coronavirus (COVID-19), Ebola, bird flu, swine flu, or severe acute respiratory syndrome (SARS), can affect staff attendance and even affect company operations. For example, the outbreak of the coronavirus pandemic since the end of 2019 is still spreading globally, adversely affecting the world's economic conditions and the stability of the supply chain. It is estimated that the epidemic will not be alleviated within a short time period. The impact of emergency control measures taken by governments to curb the spread of the epidemic will continue, which may expose UMC to relevant risks, including: unstable sales activities and customer orders, reduced plant operations and labor, international travel and communication difficulties, limiting transnational cooperation projects, etc. In addition, if any employee is suspected or diagnosed with an infectious disease, the company may need to quarantine these employees or close the relevant workplace to temporarily suspend some or all production operations. The company pays attention to the potential risks of various contagious diseases and tracks their dynamic changes. UMC established its coronavirus epidemic control and response center in January 2020 to coordinate relevant information and resources usage, including: 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 UMC CSR report); increase buffer inventory, find and expedite the verification of second suppliers to reduce material shortages; reduce the operation impact of specific fabs by cross-plant products and order adjustment and transfer. Up until February 2021, the epidemic has not had a significant impact on the Company's operations. At the same time, UMC has also noticed that the epidemic seems to have a medium to long-term impact on certain industrial environments, such as structural changes in market demand and the global supply chain. The Company will maintain a positive and cautious attitude and continue to pay close attention to and respond to the risks and opportunities associated with the pandemic. 153 Review of Financial Position, Operating Results, Risk Management Risk Management and Evaluation (Continue) Other Significant Risks None. Note: The analysis and valuation of Risk Items shown above include the data during 2020 and as of the Annual Report Printing Date. Other Necessary Supplements None. 154 United Microelectronics Corporation | Annual Report 2020 Social Responsibility 156 Description of Corporate Social Responsibility 158 About Social Charity 162 Environmental Protection, Safety and Health Management Instructions 155 Social Responsibility 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. Currently, through the Corporate Sustainability 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 2020, 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 earning the Taiwan Corporate Sustainability Report Award, Green Chemical Application and Innovation Award, Green Procurement Award, Occupational Safety and Health Award, and Enterprises Environmental Protection Award. Meanwhile, UMC has been listed as one of the Dow Jones Sustainability World Index for 13 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 solutions 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 156 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 2020, 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 third party verification audit of its 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. 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 2020 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 United Microelectronics Corporation | Annual Report 2020 Description of Corporate Social Responsibility (Continue) 13th 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. Structure of UMC’s Corporate Social Responsibility 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 focus on corporate social responsibility 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 representative of this committee will report to the board of directors annually on the effectiveness and plan of promotion, and important issues and responsive measures that stakeholders are concerned about. There are seven sub-committees under the Corporate Sustainability Committee, which are 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. Their functions are 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 Science and Culture Foundation, and with a 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 to enhance sustainable competitiveness. Green Manufacturing Committee Promotes company-wide green processes, such as 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 157 Social Responsibility About Social Charity •UMC Science and Culture Foundation Established in 1996, the UMC Science and Culture Foundation has been promoting social charity for many years. Currently, the focus is long- term educational assistance, and encouraging colleagues to serve as volunteers to participate in various public welfare activities. Summary of key implementations in 2020: •Spreading the Seeds of Hope and Cultivate Future Competitiveness 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. It is hoped that through the long-term sponsorship and adoption of enterprises and calling on scientific and technological people to show love, students from disadvantaged families can receive better education and cultivate their future competitiveness, so as to escape the cycle of poverty. This project is funded by the foundation. Cooperative units in Hsinchu and Tainan provide venues as supplementary classrooms, hire college students as part-time supplementary teachers, and provide free tutoring for students who are economically disadvantaged and need to strengthen their schoolwork. For more than ten years, this program has not only been a lesson plan, but a public welfare platform that connects social volunteers and college students to serve with actions. •Supporting Diverse Education Programs In order to encourage young people to learn through different ways of thinking, the Foundation has long supported the Youth Performing Arts Alliance to guide high school students to understand society through drama creation. In 2020, under the epidemic situation, there were still 30 teams participating in the drama festival activities. The love of drama was conveyed through online courses and live broadcasts. It was art education as well as citizenship and life education. In addition, the long-term exclusively sponsored program “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 to exert the positive influence of the media. In physical education, the foundation has long supported the Nantou Karate team led by coach Huang Taiji and Liao Delan to cultivate children from disadvantaged families in Taiwan to practice karate. Over the years, it has achieved two Asian Games gold medals and more than ten presidential education award winners. UMC’s 40th anniversary Sports Family Day specially invited the players to perform the opening act, which echoed the corporate activities, and also allowed colleagues to see the results of the players’ hard work. Reading is another window of learning. The Foundation has long sponsored the Mandarin Daily newspaper education project. In 2020, it sponsored a total of 27 class reading projects in 18 elementary schools to provide students with broader reading resources. At the same time, it also links newspapers into the company to hold book fairs and newspaper reading promotion, so that colleagues are informed of another good media for parent-child learning. Another long-term sponsorship plan is to donate a total of 110 school children to adopt a family, so that family functions will not be affected due to economic factors and children can have a more normal family education. In addition, colleagues are also linked to serve as letter-care volunteers to give care and encouragement to adopted children. One of 158 the simplest concepts of companionship, the program connects love and hope. In 2020, the Foundation invested for the first time in the “Seeing Hometown” aerial photography project for rural school children. This project was initiated by Professor Su Wenyu from the Love of Self-Made Learning Association of the Republic of China. It is hoped that students from rural areas who are relatively lacking in educational resources will learn about their hometown, learn to use images to record hometown stories, and develop a deeper sense of identity with their hometown. The foundation mediated the long-term cultivation of Yanzhou Elementary School in Pingtung County to participate in the project, and used video works to tell stories about their hometown with 6 other primary and middle school teams at the results presentation. For more information on charity events, please refer to the UMC Science and Culture Foundation webpage. •UMC LOHAS Education Foundation “UMC LOHAS Education Foundation” was established in 2009, and has continued to promote national sports and social welfare over the years and has operated its own recreation center in the Hsinchu Science Park. At present, it focuses on providing a good sports environment for citizens and employees in the park, and assists in handling various activities in the park and the city government. Summary of key implementation outcomes in 2020: •Free Consultation for Health Promotion Recreation center provides free exercise knowledge training on site or over the phone. Professionals in the gym teach how to use retraining equipment and help answer any questions about exercise. In addition, the recreation center provides body composition analysis. The machine can analyze body composition in a comprehensive manner, such as body fat rate, muscle mass, basal metabolic rate, etc. Professionals introduce the meaning of the measured data and exercise suggestions to users, and establish correct exercise information. Through the stable operation of the sports hall, a safe and modern sports environment is provided for citizens and park employees, and a healthy sports concept is introduced. •Sponsoring the Activities of the Hsinchu City Education Office The Education Department of Hsinchu City Government organizes International Parent-Child Day and Grandchildren’s Day activities, and UMC LOHAS Education Foundation assists in the promotion of local educational activities. In 2020, UMC LOHAS Education Foundation sponsored 1,000 gifts and provided gifts for citizens after they passed the game. UMC supported the management of public welfare activities, providing resources and achieving social resource sharing and integrating resources to maximize their effectiveness. •Sponsoring the Park Cup Sports Events Combined with the Science Park Bureau, government and schools to handle the Park Cup of table tennis games and badminton games, the UMC LOHAS Education Foundation sponsors free venues and admission fees to promote the sports habits of the employees in the Hsinchu Science Park, promote a healthy workplace, and activate the atmosphere of the Hsinchu Science Park through passionate sports competitions. United Microelectronics Corporation | Annual Report 2020 About Social Charity (Continue) •Handling Health Promotion Public Welfare Education Lectures UMC LOHAS Education Foundation handles sports experience courses for sports leisure and health promotion, and invites employees and citizens of the park to participate for free. During the activity, the coach leads the trainees in basic core training exercises to achieve muscle relaxation, body balance, and lower body fat while promoting health through sports promotion and encouraging citizens, community residents and employees in the park to develop the habit of regular exercise, and through healthy body formation and positive emotional training, to promote physical, mental and spiritual balance, and effectively improve people’s quality of life. •Promoting UMC Volunteer Culture 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. 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 2020: Clubs Services Candlelight Club Charity bazaars (Holiday Bazaar, St. Joseph Social Welfare Foundation, Eden Social Welfare Foundation) Fundraisers (Mennonite Social Welfare Foundation, St. Joseph Social Welfare Foundation, Children Are Us Foundation) Ukelele Club Teaching (Nan-he Elementary School, Fu-sing Elementary School and Xin-xing Elementary School in Hsinchu County) Free performances (Hsinchu National Taxation Bureau Awards Ceremony, Hsinchu City Mid-Autumn Festival in Jiangong Community, Rebirth Etude Second-hand Charity Sale ) UMC Drum Club Charity performances (St. Joseph Social Welfare Foundation Garden Party, Saint- Hsin after-school) Music Fellow Club Energy Conservation Service Team Free performances (L’arc Hotel Second-hand Market Activities, STSP Bureau Love-month Activity, Fab 12A Christmas Activities) Taoyuan Bade Disabled Nursing Home, Catholic Missionary Sisters of Mary and Francis-Miracle Home, St. Raphael Opportunity Center, Bethlehem Foundation, St. Joseph Social Welfare Foundation. •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 Kaohsiung University of Science and Technology, 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 their knowledge into their career, thereby achieving talent cultivation for Taiwan’s semiconductor industry. 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 2020: Key Items Outcome Industry-University Collaboration National Kaohsiung University of Science and Technology, National Central University, Chung Yuan Christian University industry- university courses on semiconductors Nano Generation course at National Cheng Kung University Campus Cultivation Domestic and Overseas Summer Internship Offered semiconductor processing practicum courses in 2020. About 260 students enrolled. Offered an introductory course on Semiconductor Processing in the Nano Generation at National Cheng Kung University in 2020. About 243 students enrolled. Provide a specific number of internship opportunities each summer vacation. In 2020, a total of 16 interns were recruited. 159 Social Responsibility About Social Charity (Continue) Key Items Outcome Key Items Outcome Campus Cultivation National Cheng Kung University Career Advisor Program 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 9 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. Collaborated with Southern Taiwan University of Science and Technology, National United University, Da-Yeh University, National Kaohsiung University of Science and Technology, National Formosa University, National Yunlin University of Science and Technology and I-SHOU University to provide student internship opportunities at UMC. In 2020, a total of 30 interns were accepted. Provide enterprise visitation opportunity for schools. In order to cooperate with the anti-epidemic policy in 2020, only National Cheng Kung University Nano Program Class and Kaohsiung University of Science and Technology Semiconductor Process Class were provided. About 140 students enrolled. 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 152 students with physical disabilities were provided with work study opportunities, and in 2020, 24 students were still employed. Helped arrange a series of brand image cultivation activities, including book discussion, career sharing, internship cooperation, and exhibits for semiconductor display. In 2020, 11 book discussion sessions were held, with a total of more than 1,029 participants. Campus Cultivation Equipment Intern Enterprise Visitations Campus Ambassador for disabled students Campus relationship development (including technical career lectures) 160 United Microelectronics Corporation | Annual Report 2020 About Social Charity (Continue) Key Items Outcome Summary of donations in 2020: Social Participation UMC National Tsing Hua University UMC Science and Culture Foundation Donated to the 10th UMC Operation Management Thesis Award. Taiwan Chess Academy Cultural Foundation Chinese Professional Go Association The National Cheng Kung University academic funding for Nano-IC Engineering Taipei Awakening Association Green Award prizes Taiwan Semiconductor Industry Association Environmental Protection Fund National Taiwan University Donated to Bethlehem Foundation Catholic Jesuit Hsinchu Social Service Center Donated to VLSI Design/CAD Symposium Catholic Missionary Sisters of Mary and Francis-Miracle Home St. Raphael Opportunity Center St. Joseph Social Welfare Foundation GLO Leadership Training Summit Kaohsiung Cit y Cerebral Palsy Association In NTD Amount 75,030,000 10,000,000 3,800,000 2,500,000 2,500,000 2,000,000 1,000,000 1,000,000 525,626 500,000 257,145 114,555 100,000 98,795 91,980 88,830 12,302 1,575 Total 99,620,808 Campus Cultivation PTP Prospective Talent Program Advanced Intelligent Elite Development (AIED) The early contact 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, 4,910 students have been recruited and 1,331 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 4,238 students have attended in AIED campus briefings, recruiting a total of 1,291 members. •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 (Lifest yle 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, 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, Taiwan Semiconductor Industry Association Environmental Protection Fund, Green Award prizes, VLSI Design/CAD Symposium and GLO Leadership Training Summit as well as charity events. In the days to come, UMC will remain dedicated to its philosophy of receiving from and giving back to society by supporting social charity. 161 Social Responsibility Environmental Protection, Safety and Health Management Instructions In terms of environmental protection, safety and health, UMC has set the objective 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 ISO14001 and ISO45001 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 effectiveness of implementation. As for various ESH risks of company operation, the possible impacts of various activities (from Achievement Status of UMC’s Important ESH Objectives/Targets in 2020: 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. Objective Target Achievement Status Eliminating major accidents and continuously promoting “Safety First. No Compromise on Safety. Safety Is Above Production” Promoting green management Green 2020 project to reduce the Company’s impact on the environment 1. Zero Serious occupational safety incidents Zero occupational safety incidents throughout the year 2. Fewer than 9 minor (or above) accidents A total of 9 incidents throughout the year The target of 2020 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 162 United Microelectronics Corporation | Annual Report 2020 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 responsive 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 2000 as the highest guiding principle of the Company in response to climate change. The major reduction plans with respect to fluorinated greenhouse gases to be promoted include: • Measuring the utilization rates of process tools using fluorinated greenhouse gas and the destruction and removal efficiency of its emissions control technologies to be fully aware of the machine performance 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 the installation of high performance fluorinated 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 C 4F8) 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, our GHG Offset Project has passed EPA review in 2020, 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 2.2 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 the 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 resource assessment and management and active 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 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 163 Social Responsibility Environmental Protection, Safety and Health Management Instructions (Continue) required technologies in response to new environmental protection laws and regulations or standards, UMC has also considered the tolerance and interaction of the overall environment to apply self-management and constantly introduces high performance 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, transparency and quality, 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, electricity 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 information for 2020 will be verified by third party inspection and publicly disclosed before June 2021. UMC was also invited to par ticipate in the international CDP organization's climate change and water security disclosure project, and further disclosed the identification results of risks and opportunities and related management information. In 2020, UMC's water security disclosure was awarded the Leadership band, and climate change disclosure was awarded the Management band. 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 effort 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 from the international environmental protection trend and customer demand as early as 2003, and began the promotion of the green supply chain management system and became a SONY Green Partner in the same year. To date, the Company has continuously passed re-verification, indicating that 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 actively implemented comprehensive carbon/water management plans. In September 2009, it completed the world’s first “Product Carbon Footprint” and EPD (Environmental Product Declaration) verification for IC wafers, 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 operational belief of symbiosis with a sustainable environment, UMC has provided 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 The analysis of the causes of domestic 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. 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 safety and health protection 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. 164 United Microelectronics Corporation | Annual Report 2020 Environmental Protection, Safety and Health Management Instructions (Continue) 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 the 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 safety standards for machine, equipment, and appliances, the machines used by UMC must come with the reports (provided by the equipment supplier) meeting the semiconductor manufacturing equipment safety, health, and environmental protection standard (SEMI S2) formulated by international semiconductor equipment and material organizations. 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 transportation according to domestic laws and regulations, and there will be regular audits of suppliers to ensure that there will not be any safety or health or environmental protection accident 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 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, during, and after 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 regulation. The content should include: operating 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 165 Social Responsibility Environmental Protection, Safety and Health Management Instructions (Continue) 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 The safety and health education and training of UMC are divided into three categories depending on the nature of the work: - General safety and health education and training for the entire company. - Factory area safety and health education and training organized by each Fab. - Safety and health education and training formulated by each department depending on its characteristics. “Safety First; Safety Is Above Production!” is UMC's commitment to its employees, and is also the basis for UMC to carry out the planning and implementation of necessary safety and health education and training for its work and hazard prevention operations. Based on the organizational structure of UMC, the general training courses for the entire company; the factory area training courses for each fab; and the specific training courses for each department were formulated, allowing the employees to develop a safety culture, raising their awareness in work safety, and reducing accidents caused by unsafe behaviors. In addition to the planned courses, topic-based training courses for specific events or major cases are also conducted on a rolling basis from time to time. For instance, the “executive safety culture seminars” for senior executives, the “supervisor safety awareness courses” for specific departments, and the professional trainings carried out by external occupational safety and health experts and scholars for UMC’s occupational safety and health management personnel were organized in 2020. In 2020, a total of 2,082 sessions of education and training were conducted, with 38,776 participants completing the training. The offered education and training also include e-learning courses, allowing employees to acquire safety and health knowledge without being limited by schedule of the physical courses. • 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 values employees as 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 Risk Management and Safety and Health Division, 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 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 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 objective 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 reports, 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 objective and target of safety and health management. Various activities must be promoted in order to achieve 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 166 United Microelectronics Corporation | Annual Report 2020 Environmental Protection, Safety and Health Management Instructions (Continue) management, such as an automatic inspection system, ISO14001 and ISO45001 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 be included as 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. These 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 2020 are as shown below: • “National Enterprise Environmental Protection Award” by the Environmental Protection Administration of Executive Yuan, R.O.C. (Fab 12A, Fab 8S) • “Green Chemical Application and Innovation Award” by the Environmental Protection Administration of Executive Yuan, R.O.C. • “The Best Participation of Green Procurement for Enterprises” by the Environmental Protection Administration of Executive Yuan, R.O.C. • “Green Factory” by the Industrial Development Bureau, Ministry of Economic Affairs, R.O.C. (Fab 8F) • “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 Southern Taiwan Science Park Bureau (Fab 12A) • “Outstanding Occupational Safety and Health Unit” by the Hsinchu Science Park Bureau, Ministry of Science and Technology, R.O.C. (Fab 8S) 167 Social Responsibility Special Disclosures Issuance of Private Placement Securities 169 Summary of Affiliated Enterprises 181 181 Acquisition or Disposal of UMC Shares by Subsidiaries 181 Other Necessary Supplements 181 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. 168 United Microelectronics Corporation | Annual Report 2020 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% TLC Capital Co., Ltd. 100.00% Soaring Capital Corp. 100.00% Unitruth Advisor (Shanghai) Co., Ltd. 100.00% Fortune Venture Capital Corp. 100.00% UMC Korea Co., Ltd. 100.00% Tera Energy Development Co., Ltd. 100.00% Everrich Energy Investment (HK) Limited 100.00% Everrich (Shandong) Energy Co., Ltd. 100.00% Green Earth Limited 100.00% United Microchip Corporation 100.00% United Semiconductor (Xiamen) Co., Ltd. 47.02% UMC Investment (Samoa)Limited 100.00% Wavetek Microelectronics Corporation 81.40% 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. 20.74% United Microtechnology Corporation (California) ECP Vita Pte. Ltd. UMC Technology Japan Co., Ltd. 100.00% 100.00% 100.00% Omni Global Limited 100.00% Sino Paragon Limited 100.00% United Semiconductor Japan Co., Ltd. 100.00% Note: UMC holds 80.75% of Wavetek Microelectronics Corporation (Wavetek); Fortune Venture Capital Corp. holds 0.65% of Wavetek, and the comprehensive shareholding ratio is 81.40%. 169 Special Disclosures Summary of Affiliated Enterprises (Continue) Basic Data of Affiliated Enterprises Name of Corporation Date of Establishment Address UMC Group(USA) 1997.08.11 United Microelectronics (Europe)B.V. 1989.05.23 UMC Capital Corp. 2001.01.16 UMC Korea Co., Ltd. 2013.04.12 TLC Capital Co., Ltd. 2005.10.14 488 De Guigne Drive, Sunnyvale, CA 94085, USA De Entree77, 1101BH, Amsterdam Zuidoost, The Netherlands 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands 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. In NTD Capital Major Business / Production Items 486,122,625 IC Sales 114,608,397 Marketing support activities 2,119,360,882 Investment holding 13,805,000 Marketing support activities 4,001,671,030 Venture capital Fortune Venture Capital Corp. 1993.09.21 5F, No.17, Lane 120, Neihu Road Section 1, Taipei, Taiwan 114, R.O.C. 4,017,344,480 Consulting and planning for venture capital Green Earth Limited 2009.09.09 Maystar Chambers, P.O. Box 3269, Apia, Samoa UMC Investment(Samoa) Limited 2011.03.30 Maystar Chambers, P.O. Box 3269, Apia, Samoa 29,988,444,000 Investment holding 43,519,120 Investment holding ECP Vita Pte. Ltd. 2012.05.10 8 Marina View, #09-05 Asia Square Tower one, Singapore 018960 266,166,000 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 23,659,200 Investment holding and advisory Tera Energy Development Co., Ltd. 2011.07.19 1F., No.1, Jinshan 8th St., Hsinchu, Taiwan 30080, R.O.C. 186,550,910 Energy technical services Everrich Energy Investment (HK) Limited 2009.12.16 Room 2702-03, CC Wu Building,302-8 Hennessy Road, Wanchai, Hong Kong 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 22,180,500 Solar engineering integrated design services 170 United Microelectronics Corporation | Annual Report 2020 Summary of Affiliated Enterprises (Continue) Name of Corporation Date of Establishment Address Wavetek Microelectronics Corporation Wavetek Microelectronics Investment (Samoa) Limited Wavetek Microelectronics Corporation(USA) 2010.10.18 2013.08.28 2013.09.26 Best Elite International Limited 2001.07.12 Infoshine Technology Limited 2002.02.12 Oakwood Associates Limited 2002.02.12 HeJian Technology (Suzhou) Co., Ltd. UnitedDS Semiconductor (Shandong) Co., Ltd. 2001.11.23 2014.03.25 Omni Global Limited 2013.07.02 United Microtechnology Corporation(California) United Semiconductor (Xiamen) Co., Ltd. 2014.12.10 2014.10.01 United Microchip Corporation 2015.02.04 UMC Technology Japan Co., Ltd. 2016.04.01 3F.,No. 10, Innovation 1st Road, Hsinchu Science Park, Hsinchu County, Taiwan, R.O.C. Le Sanalele Complex, Ground Floor, Vaea Street, Saleufi, Apia, Samoa 488 De Guigne Drive, Sunnyvale, CA 94085, USA P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, B.V.I. P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, B.V.I. P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, B.V.I. In NTD Capital Major Business / Production Items 1,834,121,130 Sales and manufacturing of integrated circuits 50,833,500 Investment holding 1,774,440 Marketing service 7,067,465,873 Investment holding 10,469,196,000 Investment holding 10,469,196,000 Investment holding No. 333, Xinghua Street, Suzhou Industrial Park, Suzhou,Jiangsu Province 215025, China 13,480,730,005 Sales and manufacturing of integrated circuits 21th Floor, Artificial Intelligence Building, Hanyu Finance Valley, Jingshi Road, Jinan, Shandong Province, China Maystar Chambers, P.O. Box 3269, Apia, Samoa 488 Deguigne Drive, Sunnyvale, CA 94085, USA 128,580,000 Design support of integrated circuits 130,160,000 Investment holding 29,574,000 Research & development No. 899, Wan Jia Chun Road, Xiang An, Xiamen, Fujian Province, China 58,708,745,084 Sales and manufacturing of integrated circuits Suite 102, Cannon Place, P.O. Box 712 North Sound Rd., George Town, Grand Cayman, KY1-9006 2000, Mizono, Tado-cho, Kuwana-shi, Mie, Japan 29,874,878,250 Investment holding 4,830,000 Semiconductor manufacturing technology development and consulting services 83,204,400 Investment holding Sino Paragon Limited 2016.06.06 Maystar Chambers, P.O. Box 3269, Apia, Samoa United Semiconductor Japan Co., Ltd. 2014.09.18 2000, Mizono, Tado-cho, Kuwana-shi, Mie, Japan 2,760,000,000 Sales and manufacturing of integrated circuits Note: The data is dated December 31, 2020 171 Special Disclosures 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. 172 United Microelectronics Corporation | Annual Report 2020 Summary of Affiliated Enterprises (Continue) Directors, Supervisors and Presidents of Affiliated Enterprises Name of Corporation Title Name or Representative Shareholding 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 Korea Co., Ltd. Director Carissa Tseng TLC Capital Co., Ltd. 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 Shares - - - - - - - - - - 400,167,103 - 400,167,103 - 400,167,103 - 400,167,103 - 400,167,103 - 400,167,103 - % - - - - - - - - - - 100.00 - 100.00 - 100.00 - 100.00 - 100.00 - 100.00 - 173 Special Disclosures Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding Fortune Venture Capital Corp. Chairman United Microelectronics Corporation Representative: Stan Hung Shares 401,734,448 - Director United Microelectronics Corporation 401,734,448 Representative: SC Chien - Director United Microelectronics Corporation 401,734,448 Representative: Jason Wang - Director United Microelectronics Corporation 401,734,448 Representative: Chitung Liu - Director and President United Microelectronics Corporation 401,734,448 Representative: Chih Chiang Peng - Supervisor United Microelectronics Corporation 401,734,448 Green Earth Limited Director Chitung Liu Representative: Bellona Chen - - % 100.00 - 100.00 - 100.00 - 100.00 - 100.00 - 100.00 - - UMC Investment(Samoa)Limited Director United Microelectronics Corporation 1,520,000 100.00 ECP Vita Pte. Ltd. Director Chitung Liu Director Bellona Chen Director Vic Yen Director Sofia Wang - - - - - - - - 174 United Microelectronics Corporation | Annual Report 2020 Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding Soaring Capital Corp. Director TLC Capital Co., Ltd. Unitruth Advisor (Shanghai) Co., Ltd. Director Chih Chiang Peng Shares 900,000 - % 100.00 - Tera Energy Development Co., Ltd. Chairman Fortune Venture Capital Corp. 18,655,091 100.00 Representative: Chih Chiang Peng - - 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 Director Jinhong Lin Everrich (Shandong) Energy Co., Ltd. Executive Director Chih Chiang Peng Supervisor Su Ying Shih - - - - - - 175 Special Disclosures Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding Wavetek Microelectronics Corporation Chairman United Microelectronics Corporation Representative: M C Lai Shares 148,112,434 - Director United Microelectronics Corporation 148,112,434 Representative: G C Hung - Director United Microelectronics Corporation 148,112,434 Representative: Sherry Chang Supervisor Chih Chiang Peng Wavetek Microelectronics Investment (Samoa) Limited Director M C Lai Wavetek Microelectronics Corporation (USA) Director Mao Jwo Best Elite International Limited Director Chau-Shen Yu Director Jeremy Wang Director Eric Chen Director Jinhong Lin Infoshine Technology Limited Director Chau-Shen Yu Oakwood Associates Limited Director Chau-Shen Yu - 15,001 - - - - - - - - % 80.75 - 80.75 - 80.75 - 0.00 - - - - - - - - 176 United Microelectronics Corporation | Annual Report 2020 Summary of Affiliated Enterprises (Continue) Name of Corporation Title Name or Representative Shareholding HeJian Technology (Suzhou) Co., Ltd. Chairman Chau-Shen Yu Director and General Manager M C Gao Director Chitung Liu Director M C Lai Director Jinhong Lin Supervisor Angel Sun Supervisor I Cheng Lu Supervisor Yann Wei Chen UnitedDS Semiconductor(Shandong) Co., Ltd. Executive Director Stan Hung Supervisor Wesley Chu Omni Global Limited Director Chitung Liu United Microtechnology Corporation (California) Director Jason Wang Director Megan Su Shares - - - - - - - - - - - - - % - - - - - - - - - - - - - 177 Special Disclosures 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 James W Wang Director Jinhong Lin Sino Paragon Limited Director Jason Wang Director Chitung Liu Chairman S S Hong Director Ming Hsu Director Chitung Liu Director Yen Huang Director Michiari Kawano Director Koichi Onomura Director Tatsuya Deguchi Supervisor Angel Sun United Semiconductor Japan Co., Ltd. Note: The data is dated December 31, 2020. 178 Shares - - - - - - - - - - - - - - - - - - - - - - - - % - - - - - - - - - - - - - - - - - - - - - - - - United Microelectronics Corporation | Annual Report 2020 Summary of Affiliated Enterprises (Continue) Summarized Operating Results of UMC Subsidiaries Company Capital Assets Liabilities Net Worth Operating Revenues In Thousand NTD Operating Income (Loss) Net Income (Loss) Earnings (Loss) Per Share (NTD) UMC Group (USA) 486,123 9,067,653 7,250,669 1,816,984 52,375,054 65,405 66,833 4.07 United Microelectronics (Europe) B.V. 114,608 163,244 29,978 133,266 47,294 2,597 461 51.21 UMC Capital Corp. 2,119,361 4,264,981 392 4,264,589 969,687 552,087 552,087 7.70 UMC Korea Co., Ltd. 13,805 22,464 1,461 21,003 16,417 1,851 1,124 10.22 TLC Capital Co., Ltd. 4,001,671 4,661,222 94,289 4,566,933 1,052,478 316,108 294,622 Fortune Venture Capital Corp. 4,017,344 6,287,733 75,280 6,212,453 2,045,243 777,800 741,604 Green Earth Limited 29,988,444 10,166,702 UMC Investment (Samoa) Limited 43,519 39,961 - - 10,166,702 39,961 - - - - (3,062,542) (2,061) ECP Vita Pte. Ltd. 266,166 677,866 114,901 562,965 36,656 32,540 34,369 0.74 1.85 (3.13) (1.36) 3.82 Soaring Capital Corp. 27,351 8,174 - 8,174 0 (2,211) (2,222) (2.47) Unitruth Advisor (Shanghai) Co., Ltd. 23,659 9,118 1,227 7,891 7,051 (2,037) (2,185) NA Tera Energy Development Co., Ltd. 186,551 65,315 2,655 62,660 6,601 (1,903) (10,586) (0.57) Everrich Energy Investment (HK) Limited 25,988 41,365 39 41,326 - (39) 2,281 Everrich (Shandong) Energy Co., Ltd. 22,181 49,560 9,215 40,345 9,835 2,698 2,332 3.04 NA 179 Special Disclosures Summary of Affiliated Enterprises (Continue) Company Capital Assets Liabilities Net Worth Operating Revenues Operating Income (Loss) Net Income (Loss) Earnings (Loss) Per Share (NTD) In Thousand NTD Wavetek Microelectronics Corporation Wavetek Microelectronics Investment (Samoa) Limited Wavetek Microelectronics Corporation (USA) 1,834,121 1,806,688 1,199,029 607,659 2,302,418 94,136 68,545 0.38 50,834 3,026 - 3,026 - (3,538) (3,503) (2.16) 1,774 3,164 273 2,891 4,625 223 155 Best Elite International Limited 7,067,466 23,039,727 2,488 23,037,239 Infoshine Technology Limited 10,469,196 22,976,677 Oakwood Associates Limited 10,469,196 22,976,677 - - 22,976,677 22,976,677 - - - (5,502) 2,005,823 - 2,014,798 (205) 2,014,798 13,480,730 25,655,214 3,746,175 21,909,039 11,788,176 3,041,093 2,048,191 0.65 HeJian Technology (Suzhou) Co., Ltd. UnitedDS Semiconductor (Shandong) Co., Ltd. 128,580 593,896 305,920 287,976 306,198 62,603 65,194 Omni Global Limited 130,160 585,317 - 585,317 - (315) 26,487 United Microtechnology Corporation (California) United Semiconductor (Xiamen) Co., Ltd. 29,574 37,582 1,527 36,055 25,957 1,469 1,422 35,548.55 58,708,745 67,045,923 45,853,495 21,192,428 13,019,908 (6,009,900) (6,055,263) NA United Microchip Corporation 29,874,878 10,141,318 - 10,141,318 UMC Technology Japan Co., Ltd. 4,830 8,773 50 8,723 Sino Paragon Limited 83,204 142,353 - 142,353 - - - - (3,061,316) (3.14) (165) (215) (61.54) - 20,513 2.59 3.02 NA NA NA 6.16 7.89 1.33 United Semiconductor Japan Co., Ltd. 2,760,000 23,242,364 5,402,849 17,839,515 14,980,821 351,423 154,542 Note: USD:NTD=1:29.574, JPY:NTD=1:0.2760, EUR:NTD=1:33.733, RMB:NTD=1:4.286, KRW:NTD=1:0.02510 180 United Microelectronics Corporation | Annual Report 2020 Issuance of Private Placement Securities None. Acquisition or Disposal of UMC Shares by Subsidiaries Subsidiary Paid-in Capital Source of Capital Holding % by the Company Acquisition or Disposal Date Shares Acquired and Amount Disposal Shares and Amount In Thousand NTD, Shares Profit/ Loss As of Annual Report Printing Date Shares Amount Fortune Venture Capital Corp. 4,017,344 New shares 100.00 for cash 2021 2020 None None None None 16,078,737 105,114 None None 16,078,737 105,114 Note: (1) The data is dated February 24, 2021. (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 2020 and as of the Annual Report Printing Date None. 181 Special Disclosures Financial Review 183 Condensed Balance Sheets 185 Condensed Statements of Comprehensive Income 187 Financial Analysis 191 Audit Committee’s Review Report 192 Financial Statements – Consolidated 269 Financial Statements – Parent Company 182 United Microelectronics Corporation | Annual Report 2020 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 Other components of equity Treasury stock Non-controlling interests Total equity Before distribution After distribution Before distribution After distribution Before distribution After distribution Before distribution After distribution 2020 2019 2018 2017 2016 164,305,911 132,774,663 4,877,913 75,557,888 377,516,375 78,243,526 153,757,141 150,374,096 5,198,247 60,857,881 141,193,432 172,846,595 2,991,804 47,573,075 139,160,486 205,741,681 3,787,509 45,409,486 110,469,594 224,983,404 4,088,303 47,113,881 370,187,365 364,604,906 394,099,162 386,655,182 72,714,322 49,899,337 88,061,070 71,978,462 * 82,479,477 56,815,442 96,618,093 78,090,621 63,499,747 141,743,273 90,258,621 162,972,943 108,169,078 158,068,415 92,000,508 95,935,096 180,061,578 167,913,558 * 172,738,098 164,984,520 188,618,601 174,025,717 235,659,746 206,804,357 206,069,723 213,080,776 216,579,895 124,224,015 43,211,214 80,176,360 117,575,798 39,550,394 60,820,280 124,243,187 40,399,363 61,588,543 126,243,187 126,243,187 40,858,350 48,065,899 40,997,092 47,655,176 * 51,055,125 54,672,438 39,508,876 41,543,017 (11,832,042) (11,022,314) (119,801) 113,356 (119,801) 410,065 (14,513,940) (5,647,430) 466,768 2,632,377 (4,719,037) 956,808 6,403,477 (4,719,037) 2,161,729 235,773,102 207,214,422 206,536,491 214,037,584 218,741,624 * 197,449,267 199,620,386 205,480,561 212,629,465 Note 1: *Subject to change based on resolutions of the 2021 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. 183 Financial Review Condensed Balance Sheets-Parent Company In Thousand NTD Item 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 Before distribution After distribution Before distribution After distribution Before distribution After distribution 2020 2019 2018 2017 2016 122,967,977 107,866,299 66,640,272 4,167,373 125,122,444 318,898,066 29,622,014 79,486,445 4,082,826 111,315,394 302,750,964 43,764,772 101,335,770 101,115,727 2,886,159 93,849,564 106,676,034 127,101,974 3,459,829 84,756,630 82,558,263 157,573,131 4,015,370 82,908,196 299,187,220 321,994,467 327,054,960 26,797,263 58,655,702 47,397,892 * 53,529,927 33,713,368 67,212,725 53,510,051 53,616,306 83,238,320 52,181,835 95,946,607 66,320,234 93,117,497 50,257,989 108,913,691 63,077,173 110,475,065 * 105,711,762 100,033,602 117,470,714 116,587,224 124,224,015 43,211,214 80,176,360 117,575,798 39,550,394 60,820,280 124,243,187 40,399,363 61,588,543 126,243,187 40,858,350 48,065,899 126,243,187 40,997,092 47,655,176 * 51,055,125 54,672,438 39,508,876 41,543,017 Other components of equity (11,832,042) (11,022,314) (14,513,940) (119,801) (119,801) (5,647,430) 235,659,746 206,804,357 206,069,723 213,080,776 216,579,895 * 197,039,202 199,153,618 204,523,753 210,467,736 2,632,377 (4,719,037) 6,403,477 (4,719,037) Treasury stock Total equity Before distribution After distribution Note 1: * Subject to change based on resolutions of the 2021 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 2020 Condensed Statements of Comprehensive Income Condensed Statements of Comprehensive Income-Consolidated 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 2020 176,820,914 38,997,101 22,007,407 5,918,772 27,926,179 27,180,412 4,685,534 31,865,946 29,189,489 2019 148,201,641 21,314,972 4,689,850 1,045,787 5,735,637 6,128,767 3,408,785 9,537,552 9,707,614 2018 151,252,571 22,840,027 5,797,232 (3,612,833) 2,184,399 2,643,052 949,944 3,592,996 7,072,990 2017 149,284,706 27,057,758 6,568,321 1,230,101 7,798,422 6,631,265 (4,034,355) 2,596,910 9,628,734 In Thousand NTD 2016 147,870,124 30,379,430 6,193,576 (1,346,938) 4,846,638 3,863,075 (4,364,780) (501,705) 8,315,660 (2,009,077) (3,578,847) (4,429,938) (2,997,469) (4,452,585) 33,748,370 13,131,612 8,126,828 5,705,980 3,983,198 (1,882,424) (3,594,060) (4,533,832) (3,109,070) (4,484,903) Earnings per share (NTD) 2.42 0.82 0.58 0.79 0.68 Note 1: EPS was calculated based on weighted average number of 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. 185 Financial Review Condensed Statements of Comprehensive Income-Parent Company 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 Earnings per share (NTD) 2020 2019 2018 2017 135,280,403 123,622,436 132,834,602 132,179,198 39,052,266 23,459,030 6,375,642 29,834,672 29,189,489 4,558,881 27,161,230 10,281,974 (1,148,875) 9,133,099 9,707,614 3,423,998 33,748,370 13,131,612 2.42 0.82 30,548,191 12,790,237 (6,581,581) 6,208,656 7,072,990 1,053,838 8,126,828 0.58 29,718,771 11,538,896 (1,114,125) 10,424,771 9,628,734 (3,922,754) 5,705,980 0.79 In Thousand NTD 2016 135,592,136 28,358,887 9,605,769 (594,179) 9,011,590 8,315,660 (4,332,462) 3,983,198 0.68 Note 1: EPS was calculated based on weighted average number of 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 2016 to 2020 Year CPA Audit Opinion 2016 2017 2018 2019 2020 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 Wan-Ju Chiu, Hsin-Min Hsu Unqualified Opinion with Emphasis of Matter Paragraphs or Other Matter Paragraphs 186 United Microelectronics Corporation | Annual Report 2020 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 2020 37.55 196.23 209.99 177.36 14.93 6.67 55 6.23 16.47 59 1.25 0.47 7.70 13.19 24.10 15.37 2.42 84.03 111.10 5.12 5.98 1.10 2019 44.02 169.65 211.45 172.13 2.96 5.98 61 6.36 16.19 57 0.92 0.40 2.31 4.70 7.92 4.14 0.82 75.51 96.56 4.54 23.16 2.67 2018 43.35 158.30 282.96 222.80 1.79 6.75 54 7.04 19.26 52 0.80 0.40 1.28 3.37 5.32 1.75 0.58 102.08 86.78 4.03 19.11 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 2.21 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 0.41 1.35 3.75 7.35 2.61 0.68 64.53 75.74 4.11 17.77 1.25 Analysis of changes over 20% from 2019 to 2020: 1. Times interest earned: Due to increase in income before interest and tax. 2. Property, plant and equipment turnover: Due to increase in net sales. 3. Return on assets, Net profit margin: Due to increase in net income. 4. Return on stockholders’ equity attributable to the parent company, Earnings per share: Due to increase in net income attributable to stockholders of the parent company. 5. Pre-tax income to paid-in capital: Due to increase in income before tax attributable to stockholders of the parent company. 6. Operating leverage, Financial leverage: Due to increase in operating income. 187 Financial Review Financial Analysis (Continue) Note 1: The calculation of EPS was based on weighted average number of 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) / 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 sales / 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 property, plant and equipment (7) Total assets turnover = net sales / average total assets 4. Profitability (1) Return on assets = [net income + interest expenses x (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 = (operating revenues – 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. 188 United Microelectronics Corporation | Annual Report 2020 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 2020 26.10 389.93 415.12 352.97 54.08 6.80 54 5.81 16.70 63 1.85 0.44 9.54 13.19 24.02 21.58 2.42 176.05 189.18 4.18 4.29 1.02 2019 31.69 288.59 246.47 204.33 12.16 5.95 61 6.12 16.41 60 1.37 0.41 3.44 4.70 7.77 7.85 0.82 106.12 155.16 4.09 8.88 1.09 2018 31.12 242.91 378.16 313.86 9.14 6.02 61 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 33.82 186.51 181.87 150.22 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 11.00 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 10.55 1.08 Analysis of change over 20% from 2019 to 2020: 1. Long-term funds to property, plant and equipment, 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. 2. Current ratio, Quick ratio and Cash flow ratio: Due to decrease in current portion of long-term liabilities. 3. Property, plant and equipment turnover: Due to decrease in property, plant and equipment. 4. Cash flow adequacy ratio: Due to decrease in the last 5 years capital expenditure. 5. Operating leverage: Due to increase in operating income. 189 Financial Review Financial Analysis (Continue) Note 1: The calculation of EPS was based on weighted average number of 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) / 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 sales / 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 property, plant and equipment (7) Total assets turnover = net sales / average total assets 4. Profitability (1) Return on assets = [net income + interest expenses x (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 = (operating revenues – 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. 190 United Microelectronics Corporation | Annual Report 2020 Audit Committee’s Review Report The Board of Directors has prepared and submitted to us the Company’s 2020 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 2021 Annual General Shareholders’ Meeting Chairman of the Audit Committee: Cheng-Li Huang February 24, 2021 191 Financial Review 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 , 9 1 0 2 d n a 0 2 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 , 9 1 0 2 d n a 0 2 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 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 , 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 , 9 1 0 2 d n a 0 2 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 0 2 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 , 9 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 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 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 n i p o r u o r o f s i s a b a e d i v o r p s r e t t a M t i d u A y e K 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 . . 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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 9 1 0 2 D N A 0 2 0 2 , 1 3 R E B M E C E D 192 , 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 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 0 2 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 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 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 United Microelectronics Corporation | Annual Report 2020 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 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 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 s t n e m e t a t S l a i c n a n i F e h t s A . n o i l l i m 2 5 5 , 2 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 , 0 2 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 f o e r u t a n l a t n e m g d u j e h t 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 e n i m r e t e d o t y g o l o d o h t e m 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 e t a u l a v e , s r e h t o t s g n o m a l a c i r o t s i h o t 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 r a p m o c , s e g a t n e c r e p e v r e s e r y r o t n e v n i d n a g n i g a n i d e s u 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 t s e t d n a s e i t i v i t c a f f o - e t i r w d n a e g a s u 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 d e t a l u c l a c e r o s l a e W . n o i t a n i m r e t e d h c u s s t n e m e t a t S i l a i c n a n 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 . 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 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 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 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 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 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 , 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 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 7 0 5 , 9 2 $ 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 % 6 1 . 3 d n a % 2 8 . 7 g n i t n e s e r p e r , n o i l l i m 4 0 7 , 1 1 $ T N d n a n o i l l i m d n a s e t a i c o s s a e h t m o r f 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D , n o i l l i m 1 3 2 , 1 $ T N d n a n o i l l i m 6 8 6 , 6 $ 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 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 % 6 4 . 1 2 d n a % 4 9 . 3 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D d n a n o i l l i m 6 1 7 , 2 $ 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 e m o c n i e v i s n e h e r p m o c l a t o t d e t a d i l o s n o c e h t f o % 1 4 . 2 1 d n a % 2 5 . 8 g n i t n e s e r p e r , n o i l l i m 4 8 1 , 1 $ T N . 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 . y l e v i t c e p s e r , 9 1 0 2 d n a 0 2 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 193 Financial Review 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 . 9 1 0 2 d n a 0 2 0 2 , 1 3 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 . 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 u J - n a W , u i h C / s / 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 r e h t O 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 . 2 194 , 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 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 1 2 0 2 , 4 2 y r a u r b e F s r e d a e R o t e c i t o N 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 . 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 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 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 0 2 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 United Microelectronics Corporation | Annual Report 2020 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 s e t o N s t e s s 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 9 1 0 2 d n a 0 2 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 , 7 7 4 2 9 4 5 9 , 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 , 2 0 8 , 4 1 7 1 2 , , 8 1 5 0 9 2 6 , , 5 7 8 2 1 9 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 , , 4 3 6 6 1 2 1 , - 1 4 8 , 7 5 2 8 1 9 , 8 7 1 5 5 3 , 4 9 0 7 2 , $ 6 3 0 , 8 4 0 4 9 , $ , 4 7 8 8 6 6 1 , 8 9 5 7 3 , , 6 8 4 2 5 5 2 2 , , 8 3 8 4 2 3 2 , 1 3 3 , 6 2 9 4 1 , , 1 1 9 5 0 3 4 6 1 , 7 8 0 , 6 2 8 4 1 , , 4 4 1 6 2 5 0 1 , , 7 7 6 5 2 2 1 3 , , 3 6 6 4 7 7 2 3 1 , , 2 4 0 8 4 7 7 , , 3 1 9 7 7 8 4 , 6 0 9 7 1 2 , 3 3 3 6 8 5 , , 3 8 5 7 0 8 7 , , 1 1 7 2 3 8 6 , 8 8 0 6 9 5 , , 3 3 7 0 0 6 2 , , 4 2 2 0 3 4 6 1 2 , , 1 6 9 0 1 3 2 , , 3 3 9 1 0 5 1 , 4 6 4 0 1 2 , , 3 1 2 ) 2 ( 6 , 5 , 4 ) 0 2 ( 6 , 4 ) 1 ( 6 , 4 ) 3 ( 6 , 4 7 , 4 4 4 4 ) 4 ( 6 , 5 , 4 ) 0 2 ( 6 , ) 7 ( 6 7 , ) 2 ( 6 , 5 , 4 ) 5 ( 6 , 5 , 4 7 , ) 6 ( 6 , 4 8 , ) 8 ( 6 , 5 , 4 7 , ) 0 1 ( 6 , 4 ) 5 2 ( 6 , 5 , 4 8 , ) 9 ( 6 , 4 8 5 6 3 7 8 1 , , 0 7 3 $ , 5 7 3 6 1 5 7 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 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 195195 Financial Review - 6 0 2 , 5 1 0 , 2 1 5 1 1 , 8 8 9 5 6 0 , 7 7 8 , 8 4 8 3 , 5 3 2 , 5 1 4 8 1 , 1 3 0 , 3 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 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 $ 2 3 1 , 7 5 0 , 1 1 $ 6 2 3 , 2 9 8 9 , 0 4 0 , 2 7 3 1 , 2 6 8 , 7 6 3 7 , 7 7 8 , 7 1 1 2 9 , 8 4 4 , 5 5 6 9 , 0 5 0 , 1 7 4 1 , 0 5 5 8 7 0 , 5 8 9 , 6 2 5 9 0 , 8 6 3 , 5 6 2 5 , 3 4 2 , 8 7 0 8 4 , 6 5 4 4 7 4 , 0 9 6 , 6 1 8 3 9 , 0 8 0 , 8 9 5 4 , 1 3 6 , 1 7 1 7 , 6 2 0 , 5 4 5 6 , 2 6 1 , 4 9 9 1 , 5 3 2 6 2 8 , 5 1 2 , 7 2 7 4 7 , 9 9 4 , 3 6 3 4 9 , 2 7 9 , 2 6 1 3 7 2 , 3 4 7 , 1 4 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 5 0 4 , 6 7 4 , 1 - 1 1 2 , 3 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 5 6 3 , 7 8 1 , 0 7 3 - 5 1 0 , 4 2 2 , 4 2 1 7 5 4 , 6 6 4 4 6 6 , 0 4 3 , 3 2 6 9 , 9 0 8 , 6 3 - - 0 8 8 , 3 9 4 0 5 , 8 8 1 8 0 , 1 4 2 6 6 6 , 0 7 1 , 2 6 2 5 , 6 3 5 , 2 1 4 1 3 , 2 2 0 , 1 1 0 2 5 , 7 1 6 , 6 5 9 2 2 , 6 2 7 , 3 ) 5 9 3 , 7 6 6 , 3 ( ) 1 0 8 , 9 1 1 ( ) 6 7 8 , 0 9 8 , 1 1 ( 6 4 7 , 9 5 6 , 5 3 2 6 5 3 , 3 1 1 2 0 1 , 3 7 7 , 5 3 2 7 , ) 7 2 ( 6 , ) 7 1 ( 6 , ) 6 1 ( 6 ) 7 2 ( 6 , ) 4 1 ( 6 , ) 3 1 ( 6 ) 7 2 ( 6 , ) 9 ( 6 ) 7 2 ( 6 , ) 3 1 ( 6 ) 0 2 ( 6 7 4 , 4 , 4 , 4 , 4 , 4 ) 5 ( 9 , ) 7 2 ( 6 , ) 6 1 ( 6 4 , ) 7 2 ( 6 , ) 9 ( 6 ) 5 2 ( 6 , 5 ) 5 1 ( 6 , 5 , 4 , 4 , 4 ) 7 2 ( 6 , ) 4 1 ( 6 ) 7 2 ( 6 ) 7 2 ( 6 , ) 1 1 ( 6 ) 2 1 ( 6 ) 0 2 ( 6 , 4 , 4 ) 9 1 ( 6 , ) 8 1 ( 6 , ) 3 1 ( 6 , 4 ) 8 1 ( 6 , ) 3 1 ( 6 , 4 ) 8 1 ( 6 ) 9 1 ( 6 , 4 ) 9 1 ( 6 , ) 8 1 ( 6 , 4 ) 8 1 ( 6 $ 5 7 3 , 6 1 5 , 7 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 e e y o l p m e r o f k c o t s d e t c i r t s e R 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 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 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 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 n o i t a s n e p m o c e e y o l p m e d e n r a e n U k c o t s y r u s a e r 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 l a t o T 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 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 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 i t i l i b a i l t n e r r u C 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 , 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 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 196 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 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 9 1 0 2 d n a 0 2 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 ( 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 United Microelectronics Corporation | Annual Report 2020 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, 2020 and 2019 (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 impairment gains (losses) Subtotal Net other operating income and expenses Operating income Non-operating income and expenses Interest income 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 (expense) 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 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, net of tax Total comprehensive income 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 2020 2019 For the years ended December 31, 4,6(20), 7, 14 4, 6(4), 6(10), 6(15), 6(19), 6(20), 6(21), 7, 14 4, 6(3), 6(10), 6(15), 6(19), 6(21), 7, 14 $ 176,820,914 $ 148,201,641 (137,823,813) 38,997,101 (126,886,669) 21,314,972 4, 6(8), 6(16), 6(22), 14 4 4 4, 6(23), 9(6) 6(23) 4, 6(6), 14 4, 6(28) 4, 12 4, 5, 6(25), 14 6(24) 4, 5, 6(15) (4,152,242) (6,664,166) (12,895,501) 468,325 (23,243,584) 6,253,890 22,007,407 737,913 698,155 (11,674) (2,073,433) 6,667,952 - (100,141) 5,918,772 27,926,179 (745,767) 27,180,412 (3,807,610) (5,436,091) (11,860,244) (703,339) (21,807,284) 5,182,162 4,689,850 994,061 711,614 1,257,299 (2,997,643) 1,147,495 171,585 (238,624) 1,045,787 5,735,637 393,130 6,128,767 (192,581) 4,815,361 106,403 5,486,209 2,824,216 1,231,722 4, 5, 6(25) 54,424 (158,260) 4, 5, 6(25) (2,920,280) 60,221 (3,277,938) 15,348 44,173 5,301 4,685,534 31,865,946 $ 3,408,785 9,537,552 $ $ $ 29,189,489 (2,009,077) 27,180,412 $ $ 33,748,370 (1,882,424) 31,865,946 $ $ 9,707,614 (3,578,847) 6,128,767 $ $ 13,131,612 (3,594,060) 9,537,552 Earnings per share (NTD) Earnings per share-basic Earnings per share-diluted 4, 6(26) $ $ 2.42 2.35 $ $ 0.82 0.76 The accompanying notes are an integral part of the consolidated financial statements. 197 Financial Review 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 $ 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 n o i t a s n e p m o C d e n r a e n U e e y o l p m 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 y t i u q E f o s t n e n o p m o C r e h t O 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 sE 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 9 1 0 2 d n a 0 2 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 ( 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 198 2 0 1 , 3 7 7 , 5 3 2 $ 6 5 3 , 3 1 1 $ 6 4 7 , 9 5 6 , 5 3 2 $ ) 1 0 8 , 9 1 1 ( $ ) 5 9 3 , 7 6 6 , 3 ( $ $ 9 2 2 , 6 2 7 , 3 $ ) 6 7 8 , 0 9 8 , 1 1 ( $ 0 2 5 , 7 1 6 , 6 5 $ 4 1 3 , 2 2 0 , 1 1 $ 6 2 5 , 6 3 5 , 2 1 $ 4 1 2 , 1 1 2 , 3 4 $ . 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 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 ( 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 - - ) 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 - - - - - - - 0 4 7 , 4 2 - - - ) 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 - - ) 5 5 1 , 5 6 7 , 9 ( 2 1 4 , 0 8 1 , 7 2 4 3 5 , 5 8 6 , 4 6 4 9 , 5 6 8 , 1 3 8 3 2 , 9 3 6 , 2 3 8 2 , 0 1 5 , 6 ) 8 8 3 , 9 2 ( ) 2 7 2 , 8 7 6 , 1 ( - ) 5 6 5 , 1 5 ( - 7 2 9 , 2 1 ) 1 8 1 , 8 2 8 ( ) 8 0 6 , 1 5 5 ( 5 5 4 , 4 3 4 - - - - - - - 3 5 6 , 6 2 1 ) 7 7 0 , 9 0 0 , 2 ( ) 4 2 4 , 2 8 8 , 1 ( - - ) 5 6 5 , 1 5 ( 9 7 8 , 6 0 1 ) 1 3 3 , 0 1 ( ) 8 0 6 , 1 5 5 ( 0 4 3 , 2 9 0 , 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 ( - - ) 5 5 1 , 5 6 7 , 9 ( 9 8 4 , 9 8 1 , 9 2 1 8 8 , 8 5 5 , 4 0 7 3 , 8 4 7 , 3 3 8 3 2 , 9 3 6 , 2 3 8 2 , 0 1 5 , 6 ) 8 9 4 , 9 5 8 , 2 ( ) 8 9 4 , 9 5 8 , 2 ( - - - - - 7 2 1 , 7 8 3 , 8 ) 8 8 3 , 9 2 ( - ) 9 7 8 , 6 0 1 ( 7 2 9 , 2 1 ) 0 5 8 , 7 1 8 ( - - ) 5 8 8 , 7 5 6 , 1 ( - - - - - - - - ) 2 7 2 , 8 7 6 , 1 ( ) 2 7 2 , 8 7 6 , 1 ( - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2 7 2 , 8 7 6 , 1 ) 5 9 3 , 7 6 6 , 3 ( - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ) 0 4 9 , 3 1 5 , 4 1 ( 0 4 9 , 3 1 5 , 4 1 - - - - - - - - 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 ( - - - - ) 4 5 6 , 7 8 3 ( - - 3 0 9 , 1 5 5 - - - - - - - - - - - - - - - - ) 8 7 3 , 3 3 ( - - ) 5 6 3 , 5 2 8 , 1 ( - - - - - - - - - - - ) 7 7 9 , 3 7 0 , 2 ( ) 7 3 3 , 8 4 9 , 8 ( - - - - - - - - 9 4 9 , 8 5 6 , 7 9 4 9 , 8 5 6 , 7 ) 9 3 5 , 2 4 9 , 2 ( ) 9 3 5 , 2 4 9 , 2 ( ) 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 ( 1 6 7 , 3 3 7 , 4 3 ) 7 4 9 , 3 6 9 ( ) 5 5 1 , 5 6 7 , 9 ( 6 2 6 , 1 9 4 , 3 9 8 4 , 9 8 1 , 9 2 ) 9 2 5 , 7 5 1 ( 0 6 9 , 1 3 0 , 9 2 - - - 8 7 3 , 3 3 - - ) 2 3 6 , 6 1 8 ( - 5 6 3 , 5 2 8 , 1 - ) 6 3 8 , 2 5 9 ( - - - - - - - - - - - - - - - $ 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 $ 7 8 1 , 3 4 2 , 4 2 1 $ - - - - - - - - - - - - - - ) 0 0 0 , 0 0 0 , 7 ( - - - - - - - - - - - - - - - - ) 6 2 6 , 1 9 4 , 3 ( - - - - - - - - - - - - - - - - 7 4 9 , 3 6 9 - - - - - - - ) 8 8 3 , 9 2 ( 1 6 0 , 8 2 6 , 2 6 6 3 , 2 6 8 , 1 - ) 9 7 8 , 6 0 1 ( - - ) 8 1 2 , 1 ( 7 2 9 , 2 1 ) 9 4 0 , 5 0 7 ( - - - - - - - ) 1 1 6 , 2 3 3 ( - - - - - - 0 0 3 , 0 0 0 , 2 8 2 5 , 0 8 9 , 4 - - - - - - - - - - - - - - - - - - - $ 5 1 0 , 4 2 2 , 4 2 1 $ ) 4 2 ( 6 , ) 8 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 e v i s n e h e r p m o c r e h t O ) 8 1 ( 6 ) 8 1 ( 6 ) 8 1 ( 6 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 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 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 ) 8 1 ( 6 , ) 3 1 ( 6 , 4 ) 9 1 ( 6 , 4 ) 8 1 ( 6 , 4 ) 8 1 ( 6 , 4 ) 8 2 ( 6 , ) 5 ( 6 ) 8 1 ( 6 , 4 ) 8 1 ( 6 ) 8 1 ( 6 ) 8 1 ( 6 ) 8 1 ( 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 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 g n i n r a e d e n i a t e r 9 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 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 0 2 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 d e s r e v e r 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 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 ) 4 2 ( 6 , ) 8 1 ( 6 0 2 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 ) 8 1 ( 6 , ) 3 1 ( 6 , 4 ) 8 1 ( 6 , 4 ) 9 1 ( 6 , 4 ) 9 2 ( 6 ) 8 1 ( 6 ) 8 1 ( 6 , 4 ) 5 ( 6 ) 8 1 ( 6 ) 8 1 ( 6 ) 8 1 ( 6 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 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 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 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 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 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 f o l a s o p s i D ) 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 e m o c n i e v i s n e h e r p m o c s t s e r e t n I g n i l l o r t n o C - n o N s r e h t O 0 2 0 2 , 1 3 r e b m e c e D f o s a e c n a l a B United Microelectronics Corporation | Annual Report 2020                 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, 2020 and 2019 (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 impairment (gains) losses Net gain of financial assets and liabilities at fair value through profit or loss Interest expense Interest income Dividend income Share-based payment Share of profit 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 (gain) loss on financial assets and liabilities Bargain purchase gain Gain on lease modification 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) For the years ended December 31, 2020 2019 $ 27,926,179 $ 5,735,637 46,163,693 2,744,383 (468,325) (2,011,403) 2,004,418 (737,913) (698,155) 959,219 (6,667,952) (1,137,320) 60,940 - (1,386,657) - (1,765) (3,994,818) 34,828,345 876,876 (49,108) (1,501,100) (224,488) (1,014,039) 3,053,557 (71,573) 4,200 1,072,225 (944,909) 2,338,043 (593,710) (55,300) 53,743 65,698,941 758,235 1,041,972 (1,735,327) (18,629) 65,745,192 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) 55,878,144 973,241 818,691 (2,147,320) (618,608) 54,904,148 199 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, 2020 and 2019 (Expressed in Thousands of New Taiwan Dollars) Cash flows from investing activities: Acquisition of financial assets at fair value through profit or loss $ (1,118,572) $ (354,249) For the years ended December 31, 2020 2019 Proceeds from disposal of financial assets at fair value through profit or loss Proceeds from disposal of financial assets 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 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 financial assets Decrease in other financial assets 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 (decrease) increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 326,127 - (59,900) 30,611 - 27,200 - (785,772) (26,345,302) 1,737,125 (160,254) 448,893 (2,009,031) 242,264 (18,422,183) 5,984,342 (7,049) - 229,553 44,466 (730,000) 5,970 (17,974) 32,214 (12,800,981) 32,017 (16,518,483) 45,042 (257,909) 441,013 (2,443,593) 617,685 - - (15,074) 8,786 (40,111,501) (31,681,517) 16,271,732 (17,205,124) (726,626) (13,702,875) 13,528,900 (13,391,980) 303,720 (363,539) (9,765,694) (1,678,272) 1,677,900 (551,608) 2,120 (25,601,346) (1,476,786) (1,444,441) 95,492,477 25,732,933 (26,726,656) (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 $ 94,048,036 $ 95,492,477 The accompanying notes are an integral part of the consolidated financial statements. 200 United Microelectronics Corporation | Annual Report 2020 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 , ) ” 7 S R F 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 , ) ” 9 3 S A I “ ( ” t n e m e r u s a e M l a i c n a n i F “ 9 S R F I o t s t n e m d n e m A ( 2 e s a h P - 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 . a 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 s t c e f f e e h t o t e t a l e r y l n i a m s t n e m d n e m a e s a h p l a n i f e h T ) 6 1 S R F I ( ” s e s a e L “ 6 1 S R F I d n a ) ” 4 S R F I “ ( ” s t c a r t n o C e c n a r u s n I “ 4 S R F I l l i w t u b , m r o f e r e h t y b d e r i u q e r s a s w o l f h s a c l a u t c a r t n o c o t s e g n a h c r o f s t n e m u r t s n i e v i t a n r e t l a e h t o t e g n a h c e h t t c e l f e r o t e t a r t s e r e t n i e v i t c e f f e e h t e t a d p u d a e t s n i l a i c n a n i f 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 r o e s i n g o c e r e d o t e v a h t o n l l i w y n a p m o c A . i : s t n e m e t a t s l a i c n a n i f ’ s e i n a p m o c e h t n o m r o f e r ; a i r e t i r c g n i t n u o c c a e g d e h r e h t o s t e e m e g d e h e h t f i , m r o f e r e h t y b d e r i u q e r s e g n a h c s e k a m t i e s u a c e b y l e l o s g n i t n u o c c a e g d e h s t i e u n i t n o c s i d o t e v a h t o n l l i w y n a p m o c A . i i ; e t a r k r a m h c n e b e h t m o r f g n i s i r a s k s i r w e n t u o b a n o i t a m r o f n i e s o l c s i d o t d e r i u q e r e b l l i w y n a p m o c A . i i i . s e t a r k r a m h c n e b e v i t a n r e t l a o t n o i t i s n a r t e h t s e g a n a m t i w o h d n a m r o f e r d n a y b d e s r o d n e d n a B S A I y b d e u s s i e r e w 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 n o i t n e m e v o b a e h T . 1 2 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 r o f e l b a c i l p p a e r a y e h t t a h t o s C S 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 o n e v a h e v o b a d e t s i l 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 e h T 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 ) . . 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 9 1 0 2 d n a 0 2 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 . 1 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 t e y t o n t u b ) ” 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 : 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 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 ) 3 ( y b d e u s s i e t a D e v i t c e f f E B S A I y b d e n i m r e t e d e b o T 8 2 S A I 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 “ 0 1 S R F I B S A 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 d e d n e m A r o d e s i v e R , w e N 3 2 0 2 , 1 y r a u n a J 3 2 0 2 , 1 y r a u n a J 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 “ 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 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 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 o t s t n e m d n e m A t n e r r u c - n o N 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 c a r t n o C e c n a r u s n I “ 7 1 S R F I 2 2 0 2 , 1 y r a u n a J g n i d u l c n i , S R F I f o s t n e m d n e m a e p o c s - w o r r a N : 0 2 0 2 – 8 1 0 2 s d r a d n a t S S R F I o t s t n e m e v o r p m I l a u n n A , 6 1 S A I o t s t n e m d n e m A , 3 S R F I o t s t n e m d n e m A 7 3 S A I o t s t n e m d n e m A 2 2 0 2 , 1 y r a u n a J f o n o i t p o d A e m i t - t s r i F “ 1 S R F I o t s t n e m d n e m A 2 2 0 2 , 1 y r a u n a J 2 2 0 2 , 1 y r a u n a J 2 2 0 2 , 1 y r a u n a J ” 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 ” 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 o t s t n e m d n e m A ” e r u t l u c i r g A “ 1 4 S A I o t s t n e m d n e m A ” s e s a e L “ 6 1 S R F I o t s t n e m d n e m A 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 . 1 2 0 2 , 4 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 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 s d r a d n a t s d e s i v e r r o d e t p o d a y l w e n o n e r e w e r e h T . 0 2 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 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 e v a h t a h t s n o i t a t e r p r e t n i d n a 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 c n a m r o f r e p 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 : 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 ) 2 ( y b d e u s s i e t a D e v i t c e f f E B S A 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 d e d n e m A r o d e s i v e R , w e N 1 2 0 2 , 1 y r a u n a J o t s t n e m d n e m A ( 2 e s a h P - 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 ) 6 1 S R F I d n a 4 S R F I , 7 S R F I , 9 3 S A I , 9 S R F I 201 . 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 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 Financial Review s e s s o l r o s n i a g ” 2 y a d “ l a i t n e t o p f o e u s s i e h t d i o v a o t 3 S R F I f o e l p i c n i r p n o i t i n g o c e r y f i r a l c s t n e m d n e m a e h t , s e d i s e B . s e i t i l i b a i l t n e g n i t n o c d n a s e i t i l i b a i l r o f g n i s i r a y b d e t c e f f a e b t o n d l u o w t a h t s t e s s a t n e g n i t n o c r o f 3 S R F I n i e c n a d i u g g n i t s i x e . k r o w e m a r F l a u t p e c n o C e h t o t e c n e r e f e r e h t g n i c a l p e r S A I o t s t n e m d n e m A ( e s U d e d n e t n I e r o f e b s d e e c o r 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 ) 6 1 t n a l p , y t r e p o r p f o t s o c e h t m o r f g n i t c u d e d m o r f y n a p m o c a t i b i h o r p s t n e m d n e m a e h T s i y n a p m o c e h t e l i h w d e c u d o r p s m e t i g n i l l e s m o r f d e v i e c e r s t n u o m a t n e m p i u q e d n a h c u s e s i n g o c e r l l i w y n a p m o c a , d a e t s n I . e s u d e d n e t n i s t i r o f t e s s a e h t g n i r a p e r p . s s o l r o t i f o r p n i t s o c d e t a l e r d n a s d e e c o r p s e l a s . i i g n i l l i f l u f f o t s o c e h t s a e d u l c n i d l u o h s y n a p m o c a s t s o c t a h w y f i r a l c s t n e m d n e m a e h T ) 7 3 S A I o t s t n e m d n e m A ( t c a r t n o C a g n i l l i f l u F f o t s o C - s t c a r t n o C s u o r e n O . i i i . s u o r e n o s i t c a r t n o c a r e h t e h w g n i s s e s s a n e h w t c a r t n o c a a s e m o c e b t a h t y r a i d i s b u s a y b 1 S R F I f o n o i t a c i l p p a e h t s e i f i l p m i s t n e m d n e m a e h T e v i t a l u m u c f o t n e m e r u s a e m e h t o t n o i t a l e r n i t n e r a p s t i r e t f a r e t p o d a e m i t - t s r i f . s e c n e r e f f i d n o i t a l s n a r t 0 2 0 2 – 8 1 0 2 s d r a d n a t S S R F I o t s t n e m e v o r p m I l a u n n A . e 1 S R F I o t t n e m d n e m A . i e h t r e h t e h w g n i s s e s s a n e h w s e d u l c n i y n a p m o c a s e e f e h t s e i f i r a l c t n e m d n e m a e h T e h t m o r f t n e r e f f i d 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 l a i c n a n i f d e i f i d o m r o w e n a f o s m r e t . y t i l i b a i l l a i c n a n i f l a n i g i r o e h t f o s m r e t 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 o t t n e m d n e m A . i i e h t s e i f i d o m 6 1 S R F I g n i y n a p m o c c a 3 1 e l p m a x E e v i t a r t s u l l I o t t n e m d n e m a e h T . s t n e m e v o r p m i d l o h e s a e l s ’ e e s s e l o t g n i t a l e r s e v i t n e c n i e s a e l f o t n e m t a e r t s e s a e L 6 1 S R F I g n i y n a p m o c c A s e l p m a x E e v i t a r t s u l l I o t t n e m d n e m A . i i i l u f e s u e r o m e d i v o r p o t t a h t s e r u s o l c s i d y c i l o p g n i t n u o c c a e v o r p m i s t n e m d n e m a e h T . s t n e m e t a t s l a i c n a n i f e h t f o s r e s u y r a m i r p r e h t o d n a s r o t s e v n i o t n o i t a m r o f n i ) t n e m d n e m A ( s e i c i l o P g n i t n u o c c A - e v i t a i t i n I e r u s o l c s i D - ) ” 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 . f r e h t o d e d u l c n i d n a s e t a m i t s e g n i t n u o c c a f o n o i t i n i f e d e h t e c u d o r t n i s t n e m d n e m a e h T 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 o t s t n e m d n e m a n i s e g n a h c m o r f 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 h s i u g n i t s i d s e i n a p m o c p l e h o t ) t n e m d n e m A ( s e t a m i t s E g n i t n u o c c A f o n o i t i n i f e D - ) ” 8 S A I “ ( ” 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 . g . s e i c i l o p g n i t n u o c c a 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 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 ) 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 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 . 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 s t i d n a r o t s e v n i n a n e e w t e b ) ” 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 - ” 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 . b 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 o s l a s a w 0 1 S R F I 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 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 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 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 . 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 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 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 m d n e m A ( 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 “ ( ” 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 . t n e r r u c - n o n r o t n e r r u c e h t f o n o i s r e v d l o n a o t e c n e r e f e r a g n i c a l p e r y b 3 S R F I d e t a d p u s t n e m d n e m a e h T , n o i s r e v t s e t a l e h t o t e c n e r e f e r a h t i w g n i t r o p e R l a i c n a n i F r o f k r o w e m a r F l a u t p e c n o C e h t o t n o i t p e c x e n a d e d d a o s l a s t n e m d n e m a e h T . 8 1 0 2 h c r a M n i d e u s s i s a w h c i h w ) 3 S R F I o t s t n e m d n e m A ( k r o w e m a r F l a u t p e c n o C e h t o t e c n e r e f e R a g n i t a d p U . i 7 3 S A I o t s t n e m d n e m A , 6 1 S A I o t s t n e m d n e m A , 3 S R F I o t s t n e m d n e m A g n i d u l c n i , S R F I f o s t n e m d n e m a e p o c s - w o r r a N . d y b d e u s s i e t a D e v i t c e f f E B S A 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 d e d n e m A r o d e s i v e R , w e N 3 2 0 2 , 1 y r a u n a J 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 o t s t n e m d n e m A 3 2 0 2 , 1 y r a u n a J 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 o t s t n e m d n e m A 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 s e t a m i t s E g n i t n u o c c A g n i t n u o c c A - e v i t a i t i n I e r u s o l c s i D – ” s t n e m e t a t S s e i c i l o P 202 United Microelectronics Corporation | Annual Report 2020 ) % ( p i h s r e n w o f o e g a t n e c r e P , 1 3 r e b m e c e D f o s A 0 0 . 0 0 1 0 0 . 0 0 1 9 1 0 2 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 2 0 2 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 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 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A 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 . V B . ) E P O R U E ( 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 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 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 R O T C U D N O C M E S D E T I N U I s t i u c r i c d e t a r g e t n i . D T L , . O C 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 C M U C M U 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 . P R O C 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 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 ( C L T 9 4 . 0 8 0 4 . 1 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 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 ) I A H G N A H S ( 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 . 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 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 ) Y G R E N E A R E T ( . D T L , . O C ) I - K H H C R R E V E ( D E T I M I L ) K H ( 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 ) g ( ~ ) b ( 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 h t i w 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 d e t a d i l o s n o c 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 . ) s S R F I T ( C S F y b d e s r o d n e e r a h c i h w , C I S d n a C I R F I , s S A I , s S R F I , ) s n o i t a l u g e R ( t p e c x e , s i s a b 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 d e t a d i l o s n o c 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 n o i t a r a p e r P f o s i s a B ) 2 ( 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 . 4 e c n a i l p m o C f o t n e m e t a t S ) 1 ( y t i t n E g n i t r o p e R f o n o i t p i r c s e D l a r e n e G ) 3 ( n o i t a d i l o s n o c f o s e l p i c n i r P . a 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 s i f 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 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 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 203 Financial Review 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 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 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 . 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 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 y n A 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 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 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 . y t i u q e n i h t i w 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 ) ” 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 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 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 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 . 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 , 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 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 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 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 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 ) 5 ( 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 ( 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 . 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 . 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 . 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 A N R O F I L A C ( N O I T A R O P R O C 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 0 0 . 0 0 1 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 e c n a r u s n I . D T L . E T P A T I V P C E 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 s e c i v r e s . D T 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 0 0 . 0 0 1 0 0 . 0 0 1 e c i v r e s g n i t e k r a M D E T I M I L ) A O M A S ( T N E M T S E V N I ) A O M A S - K E T E V A W ( I S C N O R T C E L E O R C M K E T E V A W I I S C N O R T C E L E O R C M K E T E V A W I ) K R O Y W E N ( N O I T A R O P R O C A O M A S - K E T E V A W K E T E V A W I N M O I N M O I N M O I N M O . 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 O L O N H C E T E N H S O F N I I E B ) A S U ( N O I T A R O P R O C . 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 D E T I M I L S E T A C O S S A D O O W K A O ) D O O W K A O ( I ) E N H S O F N I ( D E T I M I L I E N H S O F N I 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 4 1 . 8 9 5 8 9 9 . 9 9 f o g n i r u t c a f u n a m d n a s e l a S ) U O H Z U 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 ) N A I J E H ( . D T L , . O C 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 c i v r e s . D T L , . O C ) G N O D N A H S ( 2 2 . 5 6 6 7 . 7 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 ) M X C S U ( . 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 9 1 0 2 0 2 0 2 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 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 Y G R E N E ) 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 I - K H H C R R E V E ) % ( p i h s r e n w o f o e g a t n e c r e P , 1 3 r e b m e c e D f o s A 204 United Microelectronics Corporation | Annual Report 2020 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 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 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 ( 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 . c ; 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 ; e l c y c g n i t a r e p o 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 ; d o i r e p ; 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 : 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 . 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 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 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 . d 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 . c ; 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 . b . 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 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 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 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 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 . 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 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 . a . b . c 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 , 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 ) 6 ( 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 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 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 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 205 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 r o f y c i l o p g n i t n u o c c a : 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 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 Financial Review 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 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 ) 9 ( 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 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 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 s t n e l a v i u q E h s a C ) 8 ( 206 United Microelectronics Corporation | Annual Report 2020 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 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 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 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 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 207 Financial Review 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 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 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 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 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 , 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 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 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 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 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 . 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 . 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 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 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 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 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 l a s r o f d l e h 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 ( 208 United Microelectronics Corporation | Annual Report 2020 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 s r a e y 6 5 ~ 7 s r a e y 7 ~ 6 s r a e y 7 ~ 6 s r a e y 7 ~ 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 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 e s a e L ) 4 1 ( 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 . 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 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 . 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 e e s s e l a s a y n a p m o C e h T 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 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 ( t n u o c c a e t a i r p o r p p a r e h t o r o 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 . l a t i p a c n i - d i a p 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 , e g a t n e c r e p p i h s r e n w o 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 n i s e g n a h c . 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 e h t 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 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 ( 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 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 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 n o i t a i c e r p e D 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 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 . r u c c o t o n l l i w n o i t a n i m r e t . 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 209 d n a ; e s i c r e x 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 Financial Review 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 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 . a . b . c . d 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 : f o e s i r p m o c . 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 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 210 . 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 , 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 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 . 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 ) 5 1 ( 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 . s i s a b e n i l - t h g i a r t s . 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 United Microelectronics Corporation | Annual Report 2020 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 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 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 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 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 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 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 ( 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 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 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 f o 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 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 . y t i l i b a i l 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 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 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 ( 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 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 ) 7 1 ( 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 211 Financial Review 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 s i 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 e r e h w 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 e v i t c e p s e r r i e s n e p x e n i d e v i e c e r s e c i v r e s e h t e z i n g o c e r l l a h s y n a p m o C e h T . n o i t i d n o c 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 g n i t s e v - n o n r o t e k r a m e h t t o n r o r e h t e h w f o . d e i f s i t a s 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 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 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 e s n e p x e 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 f o s m r e t 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 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 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 e h t o t l a i c i f e n e b 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 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 s t n a r G t n e m n r e v o G ) 9 1 ( 212 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 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 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 . y l e t a i d e m m i 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 e h t r e h t i e f o 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 e l l e c n a c e h t r o f 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 d e l l e c n a c e h t , d e t n a r g . d r a w a l a n i g i r o e h t n e e w t e b 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 d e l t t e s - h s a c f o t s o c n o i t a s n e p m o c e h T d n a d e r r u c n i 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 t a d e r u s a e m s i s e e y o l p m e s t i d n a y n a p m o C r i a f e h T . d o i r e p g n i t s e v e h t r e v o y t i l i b a i l g n i d n o p s e r r o c h t i w e s n e p x e s a d e z i n g o c e r e h t t a d n a 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 d e r u s a e m e r s i y t i l i b a i l e h t f o e u l a v e h t r o f s s o l r o t i f o r p h g u o r h t d e z i n g o c e r e u l a v r i a f n i t n e m e v o m e h t h t i w e t a d t n e m e l t t e s 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 d e l t t e s - h s a 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 . d e l t t e s s i y t i l i b a i l e h t l i t n u d o i r e p n o i t i n g o c e R e u n e v e R ) 2 2 ( 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 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 . 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 k c o t S y r u s a e r T ) 0 2 ( 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 d e l t t e s - y t i u q E 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 ( 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 n o i t a s n e p m o c e h T d n a , 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 u l a v r i a f e h t t a d e r u s a e m s i s e e y o l p m e e h t r e v o , y t i u q e 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 , e s n e p x e s a d e z i n g o c e r s i d e t c i r t s e r d e t s e v n u e h t , s e e y o l p m e r o f s k c o t s d e t c i r t s e r g n i u s s i n e h W . d o i r e p g n i t s e v e e y o l p m e d e n r a e n u n i d e z i n g o c e r e r a s e e y o l p m e r o f e t a d t n a r g e h t n o d e u s s i s k c o t s e b l l a h s t n u o c c a h c u s d n a t n u o c c a y t i u q e a r t n o c l a n o i t i s n a r t a s a n o i t a s n e p m o c e s n e p x e e v i t a l u m u c e h T . d o i r e p g n i t s e v e h t r e v o e s n e p x e n o i t a s n e p m o c s a d e z i t r o m a e t a d g n i t s e v e h t l i t n u e t a d g n i t r o p e r 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 t s 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 t n e m e v o m 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 d e z i n g o c e r s i d o i r e p e h t f o d n e d n a g n i n n i g e b e h t t a d e z i n g o c e r t s o c e v i t a l u m u 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 h g u o r h t United Microelectronics Corporation | Annual Report 2020 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 x a t e m o c n i t n e r r u C 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 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 x a t e m o c n i d e r r e f e D . g n i t e e m 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 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 ( 213 Financial Review 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 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 I 9 1 - D V O C m o r f s t c e f f e n e e s e r o f n u d n a e t a m i l c c i m o n o c e l a b o l g e h t n e v i G . r u c c o y e h t n e h w r e f f i d d l u o c s t l u s e r l a u t c A . g n i g n e l l a h c e r o m e m o c e b s a h n o i t a m i t s e f o s s e c o r p e h t , c i m e d n a 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 o t l a i r e t a m e b y a m s e c n e r e f f i d , h c u s s a d n a , s e t a m i t s e e s o h t m o r f 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 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 ( . s t n e m e t a t s e b t o n n a c t e e h s e c n a l a b e h t n o d e d r o c e r 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 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 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 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 t e k r a m e h t y l n i a m s a w h c i h w d o h t e m n o i t a u l a v e l b a r a p m o c f o n o i t c e l e s e h t s a h c u s s 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 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 d n a s e c i r p n o i t c a s n a r t y t i u q e r o s e i n a p m o c 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 , 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 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 . s l i a t e d e r o m r o f 2 1 e t o N o t . 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 ) 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 214 United Microelectronics Corporation | Annual Report 2020 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 . 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 e r a x a t e r e h t r o e l b a l i a v a e b l l i w 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 ) 5 2 ( 6 e t o N o t r e f e r 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 5 6 7 , 5 $ 7 0 0 , 3 6 1 , 0 2 1 0 6 , 9 3 9 , 6 6 3 6 6 , 9 3 9 , 6 0 2 0 2 , 1 3 r e b m e c e D f o s A 7 7 4 , 2 9 4 , 5 9 $ 6 3 0 , 8 4 0 , 4 9 $ , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 - 9 1 4 , 9 9 2 , 3 4 2 5 , 5 9 1 , 2 5 4 4 , 5 4 1 4 8 3 2 , 4 0 0 , 9 9 2 , 3 6 7 4 , 4 7 6 , 2 5 7 1 , 2 1 4 5 8 0 , 1 8 3 , 8 $ 2 8 6 , 4 5 6 , 9 $ 3 7 4 , 1 2 0 , 4 1 $ 1 2 7 , 2 4 0 , 6 1 $ 4 9 7 , 2 2 7 $ 9 7 6 , 8 9 2 , 3 1 4 3 6 , 6 1 2 , 1 $ 7 8 0 , 6 2 8 , 4 1 3 7 4 , 1 2 0 , 4 1 $ 1 2 7 , 2 4 0 , 6 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 ) 2 ( 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 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 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 t n e r r u c n o N t n e r r u C l a t o T 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 ( . ) 5 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 215 x a T e m o c n I ) 5 ( s e i r o t n e v n I ) 2 ( Financial Review , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 1 7 5 , 2 0 1 , 5 $ 2 0 0 , 7 0 5 , 5 $ 6 7 3 , 8 4 5 , 3 2 7 6 , 0 9 2 , 4 , 8 1 7 9 0 3 1 1 , , 1 7 9 2 7 8 1 1 , 7 3 1 , 4 5 7 , 1 1 4 8 , 1 8 8 2 0 8 , 4 1 7 , 1 2 $ 6 8 4 , 2 5 5 , 2 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 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 9 9 9 2 2 1 $ T N d n a n o i l l i m 3 4 1 , 3 3 1 $ T N 0 2 8 $ T N d n a s e i r o t n e v n i f o n w o d - e t i r w f o l a s r e v e r o t d e t a l e r s a w n o i l l i m 2 7 2 $ T N d e z i n g o c e r y n a p m o C e h t , 9 1 0 2 d n a 0 2 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 s a w n o i l l i m 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 9 1 0 2 0 2 0 2 4 9 4 , 5 7 1 5 4 1 , 0 7 1 8 3 7 , 7 4 5 , 4 1 $ 9 9 9 , 5 5 3 , 0 1 $ 2 3 2 , 3 2 7 , 4 1 $ 4 4 1 , 6 2 5 , 0 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 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 r i a f s a d e t a n g i s e d s t n e m u r t s n i y t i u q e m o r f 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 : w o l e b d e t s i l e r e 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 h g u o r h t e u l a v . b - - , 2 5 0 5 6 3 $ , 5 9 7 6 8 2 $ , 2 5 0 5 6 3 $ , 5 9 7 6 8 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 9 1 0 2 0 2 0 2 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 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 ) 0 9 5 , 7 9 6 ( ) 4 8 0 , 6 0 2 ( 3 9 2 , 6 3 1 , 6 2 $ 9 3 4 , 0 0 3 , 7 2 $ 3 0 7 , 8 3 4 , 5 2 $ 5 5 3 , 4 9 0 , 7 2 $ , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 7 9 7 , 4 2 9 , 1 2 $ 5 0 9 , 1 0 8 , 3 2 $ 1 1 3 , 4 6 3 , 2 5 6 8 , 0 3 7 , 2 1 3 1 , 5 8 1 9 7 , 4 0 2 8 8 7 , 8 3 1 5 7 4 , 8 1 4 , 1 6 9 4 , 1 1 2 , 4 8 9 3 , 5 9 8 5 2 , 3 1 4 7 7 , 3 2 9 3 2 , 5 3 6 4 3 5 , 8 9 4 , 3 3 9 2 , 6 3 1 , 6 2 $ 9 3 4 , 0 0 3 , 7 2 $ 2 5 1 , 8 4 $ 8 3 4 , 9 4 6 0 9 5 , 7 9 6 $ 9 1 0 2 ) 6 0 5 , 1 9 4 ( 0 9 5 , 7 9 6 $ 4 8 0 , 6 0 2 $ 0 2 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 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 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 e u d t s a p r e h t i e N : e u d t s a P : 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 o i r e p e h t r o f ) l a s r e v e r ( e z i n g o c e r 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 , s y a d 0 6 n i h t i w e u d t s a p s e l b a v i e c e r e h t 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 l u c l a c o t e t a r s s o l t i d e r c d e t c e p x e 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 g n i d u l c n i s e t a r s s o l t i d e r c d e t c e p x e e h t , 9 1 0 2 d n a 0 2 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 L C E 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 e t a r e h T . % 2 . 0 n a h t r e t a e r g t o n e r a 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 s s o l t i d e r c s 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 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 s e s s e s s a d n a e t a r d e n o i t n e m e r o f a e h t 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 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 e z i n g o c e r o t r e h t e h w y l l a u d i v i d n i . y t i l i b a g n i y a p - t b e d d n a n o i t i d n o c g n i t a r e p o s ’ r e m o t s u c 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 ) 3 ( 216 United Microelectronics Corporation | Annual Report 2020 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 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 , 0 2 0 2 e n u J m o r f g n i n n i g e B 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 N O R C M N U I I h g u o r h t N O R C M N U I I 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 y t i l i b a y l s u o i v e r p s a w N O R C M N U I I . s r o t c e r i D f o d r a o B s t i n o n o i t a t n e s e r p e r s a d e i f i s s a l c e r 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 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 u l a v r i a f 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 o t p u 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 a w t a h t s e g n a h c . d o i r e p t n e r r u c e h t n i 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 a w e t a d n o i t a c i f i s s a l c e r f o s e r a h s f o p i h s r e n w o e h t f o d e s o p s i d y n a p m o C e h t , 0 2 0 2 l i r p A n I e u 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 n e m t s e v n i e h t d e i f i s s a l c e r d n a N O R T N E I L C . t i 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 o t e u d s s o l r o t i f o r p h g u o r h t : A e t o N : B e t o N : C e t o N 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 D e t o N y n a p m o C e h t o t e r u t n e v t n i o j a s a w H B M G N E I L I B O M M I I O C A N W I : E 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 4 7 1 $ T N d n a n o i l l i m , 7 9 6 0 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s a , n o i l l i m . 0 2 0 2 r e b m e c e D n i d e s o p s i d 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 d e t a n g i s e d s t n e m t s e v n i n i a t r e c d e z i n g o c e r 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 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 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 : s w o l l o f s a e r e w 9 1 0 2 d n a 0 2 0 2 , 1 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 9 1 0 2 0 2 0 2 4 5 4 , 8 4 3 , 2 $ 0 5 4 , 2 1 0 , 9 $ l a s o p s i d 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 ( $ 5 6 3 , 5 2 8 , 1 $ 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 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 n o s l i a t e d r o f ) 6 ( 6 e t o N o t r e f e r e s a e l P . 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 : s w o l l o f s a s 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 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 ( f o e g a t n e c r e P r o p i h s r e n w o s t h g i r g n i t o v t n u o m A f o e g a t n e c r e P r o p i h s r e n w o s t h g i r g n i t o v , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 t n u o m A s e i n a p m o c e e t s e v n I s e i n a p m o c d e t s i L 8 7 . 3 1 9 9 4 , 0 7 4 1 $ , 8 7 3 1 . 8 4 4 , 9 8 5 , 1 $ . 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 A D A R A F ( , 0 2 0 2 , 1 3 r e b m e c e D f o s a , n o i l l i m 4 4 2 , 2 $ T N d n a n o i l l i , m 5 8 8 8 1 $ T N e r e w s t n e m t s e v n i - - 6 3 3 1 . 7 7 3 , 7 0 1 , 9 . P R O C Y G O L O N H C E T N O R C M N U I I 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 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 . y l e v i t c e p s e r , 9 1 0 2 d n 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 n o i l l i , m 1 3 2 1 $ T N d n a n o i l l i m 6 8 6 , 6 $ 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 , 9 1 0 2 d n a 0 2 0 2 r o f n o i l l i m 4 8 1 , 1 $ T N d n a n o i l l i m 6 1 7 , 2 $ 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 , 9 1 0 2 d n a 0 2 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 , 7 0 5 9 2 $ 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 4 0 7 , 1 1 $ T N r e t f a ; s e t a i c o s s a e m o s f o r e d l o h e r a h s t s e g r a l e h t s i y n a p m o C e h t h g u o h t l A e h t s a s t h g i r g n i t o v r o j a m e h t n w o t o n s e o d y n a p m o C e h t , t n e m s s e s s a e v i s n e h e r p m o c g n i l u r m o r f y n a p m o C e h t t n e v e r p d n a n g i l a o t e l b a e r a s r e d l o h s t h g i r g n i t o v g n i n i a m e r t n a c i f i n g i s s n w o t u b l o r t n o c 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 . n o i t a r e p o t n a v e l e r e h t . 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 r e v o e c n e u l f n i . 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 0 9 1 2 . 6 6 8 6 7 2 , - - ) N O R T N E I L C ( . P R O C N O R T N E I L C ) B e t o N ( ) N O R C M N U I I ( 4 4 5 4 . 5 4 4 4 . 0 0 2 4 . . 0 0 0 4 0 0 0 3 . . 9 4 6 3 7 8 0 3 . 4 1 5 2 . 0 9 5 2 . 8 3 . 0 1 8 7 4 4 . 7 5 1 8 1 , 4 6 1 7 , 0 6 6 2 4 6 , 1 3 6 , 1 8 2 2 , 0 6 0 2 2 1 , 3 9 1 , 8 7 3 4 , , 4 3 9 9 2 8 3 , - 3 7 9 1 2 1 , 2 9 5 4 1 4 , 2 7 1 4 4 5 4 . 5 4 4 4 . 0 0 2 4 . 0 0 0 4 . 0 0 0 4 . 9 4 6 3 . 7 8 0 3 . 4 1 5 2 . 8 9 3 2 . 8 3 0 1 . - , 3 4 1 2 2 3 3 1 $ , 6 6 9 , 6 2 6 0 2 , 6 5 8 1 , 3 2 8 9 6 1 , 8 8 4 , 2 5 7 6 , 5 9 1 6 2 0 , 6 9 3 6 5 , 5 6 1 , 0 1 6 3 1 , 1 5 5 , 6 1 4 9 5 8 9 , 4 7 1 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 . C N I L A T I P A C H C E T I N U . D T L , . O C T N E M T S E V N I H E I H C N U S H . D T L , . O C T N E M T S E V N I N A U Y N N A Y G N O H N O I T A R O P R O C D E L D E T I N U , 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 E T I M I L G N O K . D T L , . O C E S N E S V ) D e t o N ( . . P L . 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 ) C e t o N ( . C N I L I F M U R U P I - ) E 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 7 7 6 , 5 2 2 , 1 3 $ l a t o T 217 Financial Review 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 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 $ 0 2 0 2 , 1 y r a u n a J f o s A ) 7 8 0 , 6 1 8 , 6 ( ) 8 3 9 , 2 1 ( 7 4 7 , 0 2 4 , 6 2 7 4 7 , 0 2 4 , 6 2 - - - - - - ) 6 1 7 , 9 6 1 ( ) 6 5 8 , 0 1 ( ) 4 4 7 , 5 0 3 , 5 ( ) 3 3 8 , 6 1 3 , 1 ( 1 7 8 , 9 6 9 , 1 ) 4 6 4 , 8 2 5 , 5 1 ( 2 6 2 2 6 , 6 4 2 - 5 6 0 , 2 4 1 , 7 1 6 8 5 , 9 0 1 - - - ) 2 5 0 , 5 3 7 , 5 ( 5 3 4 , 6 6 ) 1 7 1 , 2 ( ) 2 5 2 , 0 1 ( ) 5 5 1 ( ) 8 6 5 , 4 1 8 , 5 ( 9 6 1 , 7 2 ) 0 1 5 , 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 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 4 9 1 , 4 7 0 , 4 3 9 $ 6 9 2 , 9 2 5 , 6 1 $ 4 7 7 , 3 6 $ 8 7 7 , 8 0 9 , 6 $ 8 9 8 , 4 5 $ 5 2 3 , 9 6 5 , 1 7 8 $ 0 1 5 , 7 5 2 , 7 3 $ 3 1 6 , 0 9 6 , 1 $ 0 2 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 d e s U s t e s s A . a : 0 2 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 ) 8 ( : t s o C 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 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 9 1 0 2 0 2 0 2 l a i r e t a m m i y l l a u d i v i d n i s t i l l a 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 i 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 t a i c o s s a . i 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 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 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 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 ( ) 3 5 ( $ T N e r e w 9 1 0 2 d n a 0 2 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 : 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 218 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 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 $ - $ 0 2 0 2 , 1 y r a u n a J f o s A ) 2 4 8 ( 5 0 5 , 4 0 3 , 5 4 ) 7 0 8 , 9 6 2 , 6 ( ) 9 4 0 , 8 3 8 , 5 ( - - - - ) 4 5 1 , 2 ( ) 2 5 5 , 2 1 ( 6 1 ) 4 1 0 , 4 2 8 , 5 ( 5 5 6 ) 4 2 9 , 1 ( 2 8 0 , 1 - - - - 4 9 8 , 7 ) 0 8 6 , 9 6 1 ( ) 2 1 4 , 0 1 ( ) 3 7 3 , 1 0 3 , 5 ( ) 2 4 3 , 8 8 7 ( 5 5 0 , 3 1 5 4 3 3 , 5 7 6 7 , 9 8 0 , 3 4 5 5 4 , 8 8 6 , 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 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 7 6 6 , 6 4 3 , 3 0 8 $ - $ 3 6 9 , 9 4 $ 9 3 3 , 5 1 7 , 5 $ 2 3 7 , 2 4 $ 5 4 3 , 7 8 6 , 7 7 7 $ 8 8 2 , 1 5 8 , 9 1 $ - $ 0 2 0 2 , 1 3 r e b m e c e D f o s A 7 2 5 , 7 2 7 , 0 3 1 $ 6 9 2 , 9 2 5 , 6 1 $ 1 1 8 , 3 1 $ 9 3 4 , 3 9 1 , 1 $ 6 6 1 , 2 1 $ 0 8 9 , 1 8 8 , 3 9 $ 2 2 2 , 6 0 4 , 7 1 $ 3 1 6 , 0 9 6 , 1 $ 0 2 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 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 $ 0 2 0 2 , 1 y r a u n a J f o s A ) 8 8 3 , 6 ( ) 2 3 1 , 9 7 1 ( - 3 5 4 - - ) 8 2 8 , 6 ( ) 2 3 1 , 9 7 1 ( - ) 3 1 ( t c e f f e e g n a h c x E s l a s o p s i D 9 7 9 , 1 5 3 , 4 $ 3 3 6 , 5 1 3 , 1 $ 3 1 4 , 5 2 1 $ 1 1 3 , 1 5 4 , 2 $ 2 2 6 , 9 5 4 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A : 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 2 2 6 , 6 5 2 , 1 0 6 5 , 4 1 9 , 2 7 1 1 , 4 0 4 , 2 $ 2 1 5 , 2 8 5 , 9 $ ) 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 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 l a i r e t a m m i y l l a u d i v i d n i s t i l l a 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 . y l e v i t c e p s e r , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D d e d n e 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 r e h t o n A . y l e v i t c e p s e r , 9 1 0 2 d n a 0 2 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 n o i l l i m 0 0 2 d n a n o i l l i m 1 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 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 6 6 0 , 3 5 3 , 2 $ 9 7 7 , 5 0 3 , 4 1 $ e e r h t r e v o f o s e i t i r u t a m l a n i g i r o h t i w s t i s o p e d e m T i - 9 0 8 , 9 5 5 6 6 5 , 1 7 6 8 9 , 8 4 5 5 7 8 , 2 1 9 , 2 $ 1 3 3 , 6 2 9 , 4 1 $ t c a r t n o c a l l i f l u f o t s t s o C r a e y a o t s h t n o m s r e h t O l a t o T . y l e v i t c e p s e r , 9 1 0 2 d n a 0 2 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 s t e s s a t n e r r u c r e h t O ) 7 ( : 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 5 9 4 , 7 4 1 , 1 $ 2 5 9 , 7 6 6 , 6 $ 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 United Microelectronics Corporation | Annual Report 2020 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 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 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 : t n u o m a g n i y r r a c t e N : 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 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 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 5 7 0 , 1 3 - ) 0 4 9 ( ) 7 1 3 ( - - ) 3 2 6 ( - s l a s o p s i D 4 2 0 , 4 2 1 5 0 , 7 y r a i d i s b u s a f o n o i t i s i u q c A ) 9 5 6 , 8 7 ( 3 1 2 , 3 ) 2 7 8 , 1 8 ( - - ) 1 3 7 , 8 1 ( ) 1 0 7 , 7 ( - ) 9 9 6 , 0 1 ( ) 1 3 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 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 : 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 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 e h t r o f d e r i u q e r s d n u f e h t n i a t b o d n a s t s o c d e x i f e c u d e r , s n o i t a r e p o e v o r p m i o t r e d r o n I ) R E W O P X E N ( t n e m g e s s s e n i s u b w e n f o y r a i d i s b u s e h t , n o i t a r e p o e r u t u f y n a p m o c d r i h t e h t n i y t i C g n u h c i a T n i d e t a c o l t n e m p i u q e y t i l i c a f s t i d n a g n i d l i u b e h t f o d e s o p s i d e h T . 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 n i 0 2 0 2 f o r e t r a u q 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 n i d e d r o c e r s a w n o i l l i m 1 8 0 , 1 $ T N f o n i a g l a s o p s i d 6 3 1 , 7 4 0 , 2 $ , 8 4 7 3 4 1 $ - $ 6 6 7 , 3 4 4 1 $ , 2 2 6 , 9 5 4 $ 0 2 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 d e s U s t e s s A . a : t s o C . s e s n e p x e : 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 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 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 $ , - $ 0 2 0 2 , 1 y r a u n a J f o s A ) 0 4 2 , 7 0 1 ( - ) 4 5 0 , 5 ( ) 9 4 3 ( 9 7 8 , 9 6 1 5 2 4 9 6 , - - - 4 5 4 , 0 0 1 , ) 0 4 2 7 0 1 ( ) 5 0 7 , 4 ( 3 4 8 , 4 0 3 , 2 $ 5 8 8 , 1 7 1 , 1 $ , 3 1 4 5 2 1 $ 5 4 5 , 7 0 0 1 $ , - - - - $ 0 2 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 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 : 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 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 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 2 7 8 , 0 4 1 , 2 $ 3 0 0 , 6 3 0 , 1 $ 1 8 8 , 8 8 1 $ 8 8 9 , 5 1 9 $ - $ 9 1 0 2 , 1 y r a u n a J f o s A ) 1 5 6 ( ) 7 1 3 ( - ) 5 8 2 , 7 6 ( 0 1 ) 5 9 2 , 7 6 ( - ) 4 3 3 ( 5 8 7 , 0 8 1 8 0 7 , 0 7 7 2 8 , 3 0 5 2 , 6 0 1 ) 3 6 4 , 6 ( ) 5 9 5 , 3 ( - ) 8 6 8 , 2 ( - - - - 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 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 3 r e b m e c e D f o s A 8 8 9 , 9 7 5 , 4 1 8 8 9 , 9 7 5 , 4 1 - - - 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 ) 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 ( ) 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 ( - 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 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 - 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 - - - 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 i d d A s l a s o p s i D 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 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 : t n u o m a g n i y r r a c t e N ) 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 219 Financial Review , 7 2 8 6 6 3 $ 2 0 4 , 3 3 3 $ ) 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 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 n o i t a i c e r p e D . 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 2 7 5 7 8 , 5 1 1 , 0 8 1 1 0 0 6 , 0 3 0 4 , , 1 1 1 0 2 1 0 2 1 , 3 2 2 5 4 1 , 8 1 3 5 , 4 , 5 4 5 4 4 6 $ 9 0 3 , 9 8 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 g n i d l i u B t n e m p i u q e r e h t O l a t o 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 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 9 1 0 2 0 2 0 2 . 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 220 , n o i l l i m 4 6 2 $ T N d n a n o i l l i m 7 6 5 $ T N o t d e t n u o m a s t e s s a e s u - f o - t h g i r . y l e v i t c e p s e 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 d n a 0 2 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 . i . 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 s e s a e L ) 9 ( . 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 , 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 e i t i l i b a i L e s a e L ) b ( 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 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 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 7 5 9 , 9 6 5 $ 7 4 1 , 0 5 5 $ 8 6 0 , 1 6 4 , 5 7 1 7 , 6 2 0 , 5 5 2 0 , 1 3 0 , 6 $ 4 6 8 , 6 7 5 , 5 $ t n e r r u c n o N t n e r r u C l a t o T e s a e l P 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 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 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 . s m r e t e s a e l e h t f o d n e e h t . 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 ) 3 2 ( 6 e t o N o t r e f e r 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 . 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 ) 8 ( 6 6 3 1 , 0 0 7 , 5 $ 2 4 3 , 6 4 1 , 5 $ ) 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 9 1 0 , 2 1 0 8 8 , 2 1 2 5 2 , 2 1 4 9 2 , 0 1 8 5 5 , 3 7 4 9 1 1 , 2 5 3 4 2 9 , 2 9 0 , 2 5 3 0 , 7 2 2 , 2 7 1 5 , 1 9 2 , 8 $ 2 4 0 , 8 4 7 , 7 $ 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 g n i d l i u B t n e m p i u q e r e h t O t e N r o s s e l a s a y n a p m o C e h T . b , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 United Microelectronics Corporation | Annual Report 2020 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 $ 9 1 0 2 , 1 y r a u n a J f o s A ) 3 9 ( ) 3 9 ( - - ) 8 8 6 , 5 7 9 , 1 ( ) 5 1 8 , 8 3 6 ( ) 8 2 1 , 3 5 9 ( ) 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 - - 1 6 6 , 3 5 ) 7 1 7 , 0 7 4 ( ) 1 5 5 , 0 1 ( ) 2 9 0 , 0 8 3 ( ) 4 7 0 , 0 8 ( - - - - - - 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 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 : 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 l l i w d o o G 1 7 6 , 3 9 0 , 1 1 $ 6 0 0 , 8 4 5 , 3 $ 5 0 5 , 3 8 1 , 4 $ 8 4 1 , 7 4 3 , 3 $ 2 1 0 , 5 1 $ 0 2 0 2 , 1 y r a u n a J f o s A ) 7 3 1 , 9 3 2 , 1 ( ) 3 0 7 , 5 1 9 ( ) 3 2 0 , 1 1 ( ) 1 1 4 , 2 1 3 ( 0 2 6 , 5 7 2 , 2 3 6 0 , 2 6 8 9 6 2 , 2 1 2 8 8 2 , 1 0 2 , 1 ) 8 0 8 , 3 ( - - ) 8 0 8 , 3 ( 1 4 9 , 0 8 1 6 8 8 , 2 4 1 7 , 5 4 1 1 4 3 , 2 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 , 1 3 r e b m e c e D f o s A s n o i t i d d A f f o - e t i r W s t e s s A e l b i g n a t n I ) 0 1 ( : 0 2 0 2 : t s o C 1 7 6 , 3 9 0 , 1 1 $ 6 0 0 , 8 4 5 , 3 $ 5 0 5 , 3 8 1 , 4 $ 8 4 1 , 7 4 3 , 3 $ 2 1 0 , 5 1 $ 9 1 0 2 7 8 2 , 7 0 3 , 2 1 $ 2 5 2 , 7 9 4 , 3 $ 5 6 4 , 0 3 5 , 4 $ 8 5 5 , 4 6 2 , 4 $ 2 1 0 , 5 1 $ 0 2 0 2 d n a s t n e t a P y g o l o n h c e t 8 9 3 , 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 $ 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 ) 8 8 6 , 5 7 9 , 1 ( ) 5 1 8 , 8 3 6 ( ) 8 2 1 , 3 5 9 ( ) 5 4 7 , 3 8 3 ( ) 3 9 ( ) 3 9 ( 4 1 4 - - - - 4 1 4 ) 4 7 9 , 3 5 1 ( ) 2 7 9 , 3 ( ) 0 5 8 , 2 2 1 ( ) 2 5 1 , 7 2 ( - - - - - $ - 8 9 3 , 7 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 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 4 2 4 , 5 9 8 , 5 $ 7 2 6 , 7 3 6 , 2 $ 3 2 2 , 9 9 2 , 2 $ 6 7 1 , 1 5 9 $ 8 9 3 , 7 $ 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 : 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 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 4 2 4 , 5 9 8 , 5 $ 7 2 6 , 7 3 6 , 2 $ 3 2 2 , 9 9 2 , 2 $ 6 7 1 , 1 5 9 $ 8 9 3 , 7 $ 0 2 0 2 , 1 y r a u n a J f o s A ) 7 3 1 , 9 3 2 , 1 ( ) 3 0 7 , 5 1 9 ( ) 3 2 0 , 1 1 ( ) 1 1 4 , 2 1 3 ( 5 8 7 , 0 1 7 , 2 5 2 2 , 0 1 8 3 5 9 , 6 3 5 7 0 6 , 3 6 3 , 1 1 4 8 - - 1 4 8 1 6 4 , 1 6 2 6 7 , 2 4 8 8 , 6 2 5 1 8 , 1 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 n o i t a z i t r o m A f f o - e t i r W , 1 3 r e b m e c e D f o s A 4 7 3 , 9 2 4 , 7 $ 1 1 9 , 4 3 5 , 2 $ 7 3 0 , 2 5 8 , 2 $ 8 2 0 , 5 3 0 , 2 $ 8 9 3 , 7 $ 0 2 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 : 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 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 3 1 9 , 7 7 8 , 4 $ 1 4 3 , 2 6 9 $ 8 2 4 , 8 7 6 , 1 $ 0 3 5 , 9 2 2 , 2 $ 4 1 6 , 7 $ 0 2 0 2 221 Financial Review 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 . 0 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 s a 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 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 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 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 2 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 h c r a M 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 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 9 1 0 2 0 2 0 2 6 9 5 , 7 2 8 $ 7 9 4 , 6 6 8 $ 4 1 0 , 9 3 3 , 1 $ 8 8 2 , 4 4 8 , 1 $ , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 6 0 0 , 5 3 9 , 3 - 0 0 2 , 0 8 0 , 8 $ 2 3 1 , 7 5 0 , 1 1 $ 6 0 2 , 5 1 0 , 2 1 $ 2 3 1 , 7 5 0 , 1 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 9 1 0 2 0 2 0 2 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 ) 1 1 ( 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 % 5 5 . 4 ~ % 0 0 . 0 % 5 0 . 4 ~ % 0 0 . 0 d e i l p p a s e t a r t s e r e t n I d n a n o i l l i m 7 7 1 , 3 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 . y l e v i t c e p s e r , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 9 6 1 , 4 6 $ T N 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 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 e i t i l i b a i L l a i c n a n i F ) 2 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 4 2 0 2 r e b o t c O 7 1 0 2 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 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 . s d n o b 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 e h t 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 n i 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 n o i t c u d e r e h T . % 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 : s w o l l o f s a e r a 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 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 . i i n o i l l i m 0 0 6 $ S U : t n u o m A e u s s I . i . b - $ 9 1 0 2 6 2 3 , 2 $ 0 2 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 9 1 0 2 0 2 0 2 3 9 2 , 9 2 7 , 7 1 - ) 7 7 8 , 7 4 1 ( ) 6 1 6 , 9 ( 0 0 0 , 0 0 2 , 1 2 $ 0 0 0 , 0 0 7 , 8 1 $ ) 5 2 8 , 3 9 0 , 0 2 ( ) 0 1 9 , 9 9 9 , 1 ( 6 1 4 , 1 8 7 , 8 3 4 8 3 , 0 9 6 , 8 1 1 9 5 , 7 8 6 , 8 1 $ 4 7 4 , 0 9 6 , 6 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 s t c a r t n o c d r a w r o F e l b a y a P s d n o B ) 3 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 a s d n o b : s w o l l o f s a s i 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 222 United Microelectronics Corporation | Annual Report 2020 : s w o l l o f s a e r e w 9 1 0 2 d n a 0 2 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 ) 4 1 ( s t n e m y a p 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 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 . 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 ) 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 4 6 4 , 9 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 9 1 0 2 0 2 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 7 2 8 , 3 $ 0 4 6 , 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 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 2 0 2 , 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 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 s t n e m y a p 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 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 . 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 ) 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 6 4 1 , 1 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 1 5 3 , 1 7 9 5 4 , 9 5 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 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 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 5 s i n a h t e r o m , 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 . i i i 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 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 t u b e h t n i , e m i t y n a t a t n u o m A , 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 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 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 ) 3 ( k n a B e v i t a r e p o o C : n o i s r e v n o C f o s m r e T . v i 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 . s t n e m y a p . s t n e m y a p 0 2 0 2 , 3 1 r e b m e t p e S m o r f y l h t n o m e l b a y a p e R - 0 0 0 , 6 5 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 e r e t n i y l h t n o m h t i w 5 2 0 2 , 3 1 t s u g u A o t ) 4 ( k n a B e v i t a r e p o o C 0 2 0 2 , 9 2 r e b m e v o N m o r f y l h t n o m e l b a y a p e R - 5 6 9 , 8 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 t s e r e t n i y l h t n o m h t i w 5 2 0 2 , 9 2 t s u g u A o t ) 5 ( k n a B e v i t a r e p o o C . 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 7 5 4 , 2 9 8 , 6 2 3 4 3 , 6 3 2 , 2 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 n i 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 l a u n n a - i m e s h t i w s t n e m y a p l a u n n a - i m e s 3 1 . s t n e m y a p t s e r e t n i 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 ) A e t o N ( y l r e t r a u q h t i w s t n e m y a p l a u n n a - i m e s . s t n e m y a p t s e r e t n i 4 n i d i a p e r s i l a p i c n i r P . r a e y y l l a u n n a - i m e s 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 k n a B C B C I , 9 r e b m e t p e S o t 9 1 0 2 , 0 2 r e b m e t p e S e v i t c e f f E 5 7 9 , 4 4 7 , 1 9 8 5 , 2 0 7 , 1 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 , 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 , 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 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 ( ) 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 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 ( . 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 d e d n e s r a e y e h t r o F . 0 2 0 2 , 1 3 h c r a M n o s a w s d n o b e h t f o e t a d n o i s r e v n o c t s a l e h T 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 e h t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D 5 6 4 o t n i d e t r e v n o c n e e b d a h n o i l l i m 5 1 $ S U d n a n o i l l i m 5 1 2 $ S U g n i l a t o t s d n o b . y l e v i t c e p s e r , s e r a h s n o i l l i m 3 3 d n a s e r a h s n o i l l i m : s d n o B f o n o i s r e v n o C . v g n i n i a m e r e h t d e m e e d e r y l l u f C M U , 0 2 0 2 , 8 1 y a M f o e t a d y t i r u t a m e h t n o p U f o t n u o m a l a p i c n i r p e h T . 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 d e t r e v n o c n u e l b i t r e v n o c d e l l e c n a c d e i f i s s a l c e r C M U . n o i l l i m 9 6 3 $ S U o t d e t n u o m a n o i t p m e d e r l a n o i t i d d a o t 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 m o r f n o i l l i m 6 6 1 , 1 $ T N f o s t h g i r . s r e h t o - l a t i p a c n i d i a p 223 Financial Review d e i f i s s a l c e r s i n a o l e h t e r o f e r e h t d n a l e v e l n i a t r e c t a o i t a r l a i c n a n i f s t i n i a t n i a m e h t d e t u c e x e d n a k n a b e h t d e i f i t o n s a h M X C S U . s e i t i l i b a i l t n e r r u c o t f o s a d e n i a t b o n e e b t o n s a h n o i t p m e x e e h T . s s e c o r p n o i t a c i l p p a n o i t p m e x e o t t n a n e v o c n a o l e h t h t i w y l p m o c o t d e l i a f C M U f o y r a i d i s b u s e h t , M X C S U : . e t a d g n i t r o p e r e h t A e t o N 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 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 , 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 C M U 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 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 0 2 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 n o i t a r i p x e . y l e v i t c e p s e r , n o i l l i b 5 . 0 $ T N d n a l i n e r e w t i d e r c f o e n i l d e s u n u e h t , 9 1 0 2 d n a e v i t c e f f e , k n a B n o b u F i e p i a T 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 f o e n i l g n i v l o v e r a C M U d e r e f f o t n e m e e r g a e h T . 8 1 0 2 , 9 y r a u r b e F m o r f e h t m o r f g n i t r a t s 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 2 $ T N f o t i d e r c h t i w , r e t f a e r e h t s h t n o m e v l e w 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 s r a e y o w t e h t f o d n e , 9 t s u g u A s i 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 r u o f f o l a t o t a e r e w t i d e r c f o e n i l d e s u n u e h t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A . 3 2 0 2 . y l e v i t c e p s e r , n o i l l i b 2 $ T N d n a n o i l l i b 8 0 $ T N . 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 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 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 , 9 1 0 2 d n a 0 2 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 : B e t o N : C e t o N : D e t o N . y l e v i t c e p s e r , . n o i l l i b 6 0 $ T N d n a n o i l l i b 7 1 $ T N e r e w . t i d e r c f o e n i l d e s u 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 . 2 2 0 2 e b l l i w l a p i c n i r p e h T . r a e y y l l a u n n a - i m e s n o i l l i m 1 . 0 B M R f o y l l a u n n a - i m e s d i a p e r d i a p e r e b l l i w l a p i c n i r p g n i n i a m e r e h t d n a e b l l i w t s e r e t n i e h t d n a , y t i r u t a m t a e c n o . y l h t n o m d i a p k n a B n e m a i X y l r e t r a u q 2 1 n i d i a p e r s i l a p i c n i r P . 4 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 h t i w s t n e m y a p n a w i a T f o k n a B , 0 1 r e b m e c e D o t 2 2 0 2 , 0 1 h c r a M e v i t c e f f E - 0 0 0 , 0 0 0 , 2 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 s t n e m y a p y l r e t r a u q 9 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 k n a B e v i t a r e p o o C n a w i a T . 5 2 0 2 , 5 y a M o t 3 2 0 2 , 5 y a M e v i t c e f f E - 0 0 0 , 0 0 0 , 2 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 e r e t n i y l h t n o m h t i w 2 2 0 2 , 6 1 l i r p A o t 0 2 0 2 . s t n e m y a p 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 ) B e t o N ( k n a B , 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 0 0 0 , 0 0 0 , 2 0 0 0 , 0 0 5 , 1 m o r f n a o L g n i v l o v e R d e r u c e s n U o t 1 2 0 2 , 9 t s u g u A m o r f y l l a u n n a e l b a y a p e R - 0 0 0 , 0 0 7 m o r f n a o L g n i v l o v e R d e r u c e s n U t s e r e t n i y l h t n o m h t i w 3 2 0 2 , 9 t s u g u A ) C e t o N ( k n a B n o b u F i e p i a T . s t n e m y a p o t 1 2 0 2 , 7 2 r e b o t c O 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 4 , 2 0 0 0 , 0 0 0 , 1 m o r f n a o L g n i v l o v e R d e r u c e s n U t s e r e t n i y l h t n o m h t i w 2 2 0 2 , 7 2 r e b o t c O k n a B l a i c r e m m o C a w H g n a h C 0 2 0 2 , 8 2 r e b m e t p e S n o d n a h e r o f e b t n e m e l t t e S 0 0 9 , 7 4 7 $ - $ 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 , 4 2 y a M o t 0 2 0 2 , 4 2 r e b m e v o N e v i t c e f f E - 0 0 5 , 0 4 4 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 . 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 k n a B C B T C n o i t p m e d e R 9 1 0 2 0 2 0 2 s r e d n e L , 1 3 r e b m e c e D f o s A 224 . s t n e m y a p ) D e t o N ( , k n a B l a i c r e m m o C I G K 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 : E e t o N 1 2 0 2 , 1 1 r e b m e c e D m o r f y l l a u n n a e l b a y a p e R - 0 0 0 , 0 0 0 , 1 I G K m o r f n a o L g n i v l o v e R d e r u c e s n U g n i v l o v e r a C M U d e r e f f o t n e m e e r g a e h T . 8 1 0 2 , 1 1 r e b m e t p e S m o r f e v i t c e f f e g n i t r a t s 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 5 . 2 $ T N f o t i d e r c f o e n i l s h t n o m e v l e w 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 n o c e s e h t f o d n e e h t m o r f 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 r u o f 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A . 3 2 0 2 , 1 1 r e b m e c e D 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 5 2 $ T N d n a n o i l l i b 1 $ T N e r e w t i d e r c f o e n i l d e s u n u e h t m o r f g n i t r a t s n o i l l i b 2 $ 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 C M U d e r e f f o h c i h w e h t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A . 0 2 0 2 , 0 3 r e b m e c e D o t e t a d l a v o r p p a . y l e v i t c e p s e r , n o i l l i b 2 $ T N d n a l i n e r e w t i d e r c f o e n i l d e s u n u , 9 1 0 2 , 0 3 r e b m e c e D n o n a o l t i d e r c r a e y - 1 e h t d e v o r p p a k n a B l a i c r e m m o C t s r i F : F e t o N d e g d e l p s t e s s a e s u - f o - t h g i r d n 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 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 - g n o l r o f l a r e t a l l o c s a . 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 3 2 0 2 , 1 1 r e b m e c e D o t ) E e t o N ( k n a B y l h t n o m h t i w 5 2 0 2 , 5 1 y a M n o e u d t n e m e l t t e S - 0 0 0 , 0 0 3 t s r i F m o r f n a o L g n i v l o v e R d e r u c e s n U . s t n e m y a p t s e r e t n i ) F e t o N ( k n a B l a i c r e m m o C 4 7 0 , 2 0 9 , 3 3 6 0 1 , 6 6 0 , 3 3 l a t o t b u S ) 5 7 7 , 1 0 7 , 4 ( ) 8 6 1 , 5 8 9 , 4 2 ( n o i t r o p t n e r r u C : s s e L 9 9 2 , 0 0 2 , 9 2 $ 8 3 9 , 0 8 0 , 8 $ l a t o 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 9 1 0 2 0 2 0 2 % 6 5 . 5 ~ % 5 5 . 0 % 7 6 . 4 ~ % 4 8 . 0 d e i l p p a s e t a r t s e r e t n I United Microelectronics Corporation | Annual Report 2020 , 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 9 1 0 2 0 2 0 2 5 3 3 , 3 5 4 1 $ , 6 9 6 , 5 8 3 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 5 2 2 , 3 1 2 6 3 , 4 9 4 8 2 , 9 0 6 3 , 5 9 ) 0 1 5 , 6 1 2 ( ) 0 9 4 , 2 4 1 ( 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 4 8 2 , 1 4 5 9 4 , 1 5 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 6 9 6 , 5 8 3 1 $ , 5 4 3 , 9 9 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 5 5 $ T N d n a n o i l l i m 1 6 $ T N e r e w 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 ) 9 6 0 1 1 4 , , 5 ( $ ) 9 9 9 , 1 6 5 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 : s w o l l o f s a s i 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 6 9 6 , 5 8 3 1 , ) 3 7 3 , 5 2 0 4 ( , 5 4 3 , 9 9 3 1 , , ) 4 5 6 2 6 1 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 ) 3 7 3 , 5 2 0 , 4 ( $ ) 4 5 6 , 2 6 1 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 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 % 1 2 % 5 4 % 4 2 % 0 1 9 1 0 2 % 6 1 % 8 4 % 5 2 % 1 1 0 2 0 2 , 1 3 r e b m e c e D f o s A f o n 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 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 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 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 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 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 6 3 , 1 $ T N d n a n o i l l i m 8 7 4 , 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 , 9 1 0 2 d n a 0 2 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 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 n a l p t i f e n e b d e n i f e D e c i v r e s 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 s d r a d n a t S 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 t i n u e n o e l i h w 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 t o n l l i w s t i n u 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 e h t f o % 2 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 d e t i s o p e d 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 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 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 e r o f e r e h t d n a s e i t i r o h t u a 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 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 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 d n a n o i l l i m 0 4 $ T N f o s e s n e p x e n o i s n e p l a t o t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D d e d n e . y n a p m o C 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 5 $ T N . a . b : 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 s i 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 9 1 0 2 0 2 0 2 ) 9 0 5 , 0 2 6 , 5 ( $ ) 9 6 0 , 1 1 4 , 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 ) 3 4 0 , 1 2 ( ) 6 4 1 , 1 5 ( ) 9 8 1 , 2 7 ( ) 0 9 0 , 3 1 ( ) 4 5 2 , 6 3 ( ) 4 4 3 , 9 4 ( ) 6 7 9 , 4 1 1 ( 9 1 1 , 5 6 5 9 0 , 0 8 1 0 1 5 , 6 1 2 ) 1 6 4 , 0 7 ( ) 5 1 6 , 3 7 1 ( ) 6 7 0 , 4 4 2 ( 0 9 4 , 2 4 1 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 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 s t n e m t s u j d a e c n e i r e p x E : ) s s o l ( e m o c n i d i a p s t i f e n e B l a t o t b u S 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 ) 9 6 0 , 1 1 4 , 5 ( $ ) 9 9 9 , 1 6 5 , 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 225 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 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 : 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 s t i f e n e B t n e m y o l p m E - 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d e t h g i e w e h T . 1 2 0 2 . 9 1 0 2 d n a 0 2 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 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 e s a e r c e d % 5 . 0 e s a e r c n i % 5 . 0 e s a e r c e d % 5 . 0 e s a e r c n i 0 2 0 2 , 1 3 r e b m e c e D f o s A 8 7 0 , 5 9 1 $ ) 0 9 3 , 4 0 2 ( $ - $ 8 9 7 , 6 2 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 e s a e r c e d % 5 . 0 e s a e r c n i % 5 . 0 e s a e r c e d % 5 . 0 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 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 s t n a r G t n e m n r e v o G d e r r e f e D ) 6 1 ( : 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 226 United Microelectronics Corporation | Annual Report 2020 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 , 9 1 0 2 d n a 0 2 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 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 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 . t i m i l e h t d e e c x e 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 , 9 1 0 2 d n a 0 2 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 4 . 6 1 $ T N d n a 5 1 7 4 $ T N e r e w . , 9 1 0 2 d n a 0 2 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 . l a t i p a c n i - d i a p s ’ C M U d e h c a e r 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 . s n o i t a l u g e r o t n o i t i d d a n i , e c n a l a b g n i n i a m e r a l l i t s s i e r e h t f i d n a , r a e y t n e r r u c e h t r o f s d n e d i v i d e h t o t g n i d r o c c a t i e t u b i r t s i d l l a h s C M U , 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 y c i l o p d n e d i v i d e h t 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 s e r a h s d e r r e f e r p s a y l l a i t n e r e f e r p d e t u b i r t s i d e b y a m , e l b a c i l p p a f i , 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 . 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 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 . v i d n a 0 2 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 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 d e r u c e s n u 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 ) 3 1 ( 6 e t o N o t r e f e r e s a e l P . v . y l e v i t c e p s e r , 9 1 0 2 f o l a t o t a n i s e e y o l p m e s t i r o f s k c o t s d e t c i r t s e r d e u s s i C M U , 0 2 0 2 , 1 r e b m e t p e S n O y b d e v o r p p a s a w e c n a u s s i e h T . h c a e 0 1 $ T N f o e u l a v r a p a h t i w s e r a h s n o i l l i m 0 0 2 e t o N o t r e f e r e s a e l P . d e t e l p m o c s a w n o i t a r t s i g e r e h t d n a y t i r o h t u a t n e t e p m o c e h t . s k c o t s d e t c i r t s e r f o n o i t a m r o f n i e h t r o f ) 9 1 ( 6 . i v : 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 r e w 9 1 0 2 d n a 0 2 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 0 2 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 , 5 0 1 0 0 0 , 5 0 1 - f o s A , 1 3 r e b m e c e D 0 2 0 2 e s a e r c e D e s a e r c n I f o s A , 1 y r a u n a J 0 2 0 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 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 ( 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 7 0 0 0 , 0 2 2 0 0 0 , 0 8 4 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 r e d l o h k c o t s d n a t i d e r c d n a s t h g i r s t s e r e t n i 227 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 0 2 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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C M U f o s e e y o l p m e d e i f i l a u q o t k c o t s y r u s a e r t f o 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 d e s a b - d e r a h s 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 n e e w t e b e c n e r e f f i d 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 m o r f d e v i e c e r h s a c e h t 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 e t a d t n a r g e h t n o s e r a h s r o f s a e r e h w , d e t n a r g e c 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 y n a p m o C e h t , t n a r g 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 h t i w s k c o t s e h t g n i t s e v e h t r e v 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 , t n a r g f o e t a d e h t 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 i d o i r e p e h t , 9 1 0 2 d n a 0 2 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 t i u q e n i e s a e r c n i e r e w , y l e v i t c e p s e r , n o i l l i m 6 6 3 $ T N d n a n o i l l i m 7 0 1 $ T N f o t s o c n o i t a s n e p m o c . y n a p m o C e h t y b s e s n e p x e n i d e z i n g o c e r s e e y o l p m e r o f n a l p k c o t s y r u s a e r T . a 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 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 9 1 0 2 r o f s g n i n r a e f o n o i t a i r p o r p p a e h T e h t y b d e v o r p p a s a w 0 2 0 2 r o f s g n i n r a e f o n o i t a i r p o r p p a e h t e l i h w , 0 2 0 2 , 0 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 . 1 2 0 2 , 4 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 ( 9 1 0 2 0 2 0 2 9 1 0 2 0 2 0 2 ) 6 2 6 , 1 9 4 , 3 ( ) 6 6 6 7 5 8 , , 2 ( 7 4 9 , 3 6 9 $ 0 9 8 7 9 1 , , 3 $ 5 7 . 0 $ 0 6 . 1 $ 5 5 1 , 5 6 7 , 9 2 4 8 5 7 8 , , 9 1 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 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 y b d e v o r p p a 9 1 0 2 r o f s g n i n r a e f o n o i t a i r p o r p p a e h T t n e r a p d n a d e t a d i l o s n o c e h t n i d e s o l c s i d s t n u o m a e h t m o r f t n e r e f f i d s i 0 2 0 2 , 0 1 f o e s u a c e b 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 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 d r o c c a n i e v r e s e r l a i c e p s f o l a s r e v e r e h t r o f d e t a i r p o r p p a e v r e s e r l a g e l l a n o i t i d d a e h t c i m o n o c E f o y r t s i n i M e h t y b d e u s s i y l t n e u q e s b u s 0 8 7 5 0 0 2 0 9 0 1 . o N e l u R e h t h t i w 228 . 0 2 0 2 , 3 h c r a M n o . . C O R . , s r i a f f A 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 a i r p o r p p a 9 1 0 2 d e n o i t n e m e r o f a e h T . 0 2 0 2 , 7 2 l i r p A n o d l e h 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 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 h T . e r a h s r e p 3 5 6 5 9 3 0 8 . 0 $ T N o t d e t s u j d a s a w 9 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 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 t e n e h t r o f e d a m s a w t n e m t s u j d a 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 f o n o i s r e v n o c e h t d n a m a r g o r p e s a h c r u p e r e r a h s . C M U f o United Microelectronics Corporation | Annual Report 2020 n o i l l i m 6 2 t n a r g o t n a l p n o i t a s n e p m o c a d e t u c e x e y n a p m o C e h t , 0 2 0 2 r e b m e t p e S n I y n a p m o C e h t f o s e e y o l p m e d e i f i l a u q o t t h g i r n o i t a i c e r p p a k c o t s d e l t t e s - h s a c f o s t i n u a s t n e s e r p e r s e e y o l p m e o t t h g i r n o i t a i c e r p p a k c o t s f o t i n u e n O . n o i t a r e d i s n o c t u o h t i w r u o f s i n a l p e h t f o e f i l e h T . C M U f o e r a h s n o m m o c e n o f o e u l a v c i s n i r t n i e h t o t t h g i r s e e y o l p m e e s o h t , t n a r g f o e t a d e h t e c n i s s r a e y o w t f o d n e e h t m o r f g n i n n i g e B . s r a e y e r a y n a p m o C e h t y b t e s s n o i t i d n o c e c n a m r o f r e p d n a d o i r e p e c i v r e s h t o b l l i f l u f o h w e m i t d n a e g a t n e c r e p n i a t r e c t a t h g i r n o i t a i c e r p p a k c o t s d e t s e v e h t o t e l b i g i l e y l l a u d a r g y n a p m o C e h t , s n o i t i d n o c g n i t s e v e h t l l i f l u f o t l i a f o h w s e e y o l p m e e s o h t r o F . e m a r f e h t , d o i r e p g n i t s e v e h t g n i r u D . n o i t a r e d i s n o c t u o h t i w s t h g i r r i e h t w a r d h t i w l l i w f o e s o h t s a s t h g i r e m a s e h t d e l t i t n e t o n e r a t h g i r n o i t a i c e r p p a k c o t s e h t f o s r e d l o h . C M U f o s r e d l o h k c o t s n o m m o c r i a f t a d e r u s a e m s a w t n e m y a p d e s a b - e r a h s d e l t t e s - h s a c 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 e b l l i w d n a l e d o M g n i c i r P n o i t p O s e l o h c S - k c a l B g n i s u y b e t a d t n a r g e h t n o e u l a v d e s u s n o i t p m u s s a e h T . t n e m e l t t e s l i t n u 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 d e r u s a e m e r : w o l e b s a e r a 5 1 . 7 4 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A ) e r a h s r e p / $ T N ( e t a d t n e m e r u s a e m f o e c i r p e r a h S . % 4 6 7 3 ~ % 1 7 3 3 . % 3 7 4 . s r a e y 7 6 3 ~ 7 6 . . 1 . % 9 1 0 ~ % 4 1 0 . d l e i y d n e d i v i d d e t c e p x E e t a r t s e r e t n i e e r f - k s i R y t i l i t a l o v d e t c e p x E e f i l d e t c e p x E s a w n o i l l i m 0 8 $ T N f o t s o c n o i t a s n e p m o c e h t , 0 2 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 r o f s e i t i l i b a i l e h t , 0 2 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 s e s n e p x e n i d e z i n g o c e r r o f e u l a v c i s n i r t n i e h T . n o i l l i m 1 8 $ T N o t d e t n u o m a d e z i n g o c e r t h g i r n o i t a i c e r p p a k c o t s . l i n s a w s t h g i r d e t s e v f o s e i t i l i b a i l e h t e u n e v e r f o n o i t a g e r g g a s i D . a t c u d o r P y B . i s e u n e v e R g n i t a r e p O ) 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 9 1 0 2 0 2 0 2 2 2 6 , 6 7 5 , 5 3 1 7 , 5 3 9 6 , 9 1 0 , 5 2 6 , 2 4 1 $ 1 0 2 , , 5 8 8 9 6 1 $ 1 4 6 , 1 0 2 , 8 4 1 $ 4 1 9 , , 0 2 8 6 7 1 $ r e f a W s r e h t O l a t o T n o i t a s n e p m o c e h T . y n a p m o C e h t f o s e e y o l p m e d e i f i l a u q o t k c o t s y r u s a e r t f o s e r a h s 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 d e s a b - d e r a h s e h t r o f t s o c 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 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 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 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 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 4 1 2 $ T N s a w 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 e c 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 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 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 h t i w s k c o t s e h t r o f s a e r e h w , d e t n a r g e h t r e v 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 , t n a r g f o e t a d e h t m o r f r a e y 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 i d o i r e p f o t s o c n o i t a s n e p m o c e h t , 0 2 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 t i u q e n i e s a e r c n i . y n a p m o C e h t y b s e s n e p x e n i d e z i n g o c e r s a w n o i l l i m 8 4 3 $ T N s e e y o l p m e r o f n a l p k c o t s d e t c i r t s e R . b o t g n i t e e m r i e h t n i n a l p n o i t a s n e p m o c a d e v o r p p a s r e d l o h k c o t s e h t , 0 2 0 2 , 0 1 e n u J n O e h T . n o i t a r e d i s n o c t u o h t i w C M U f o s e e y o l p m e d e i f i l a u q o t s k c o t s d e t c i r t s e r e u s s i s i y n a p m o C e h T . s e r a h s n o m m o c n o i l l i m 3 3 2 e r a d e u s s i e b o t s e r a h s m u m i x a m y d o t s u c e h t r e d n u , s t n e m l l a t s n i n i r o e h c n a r t e n o n i s k c o t s d e t c i r t s e r e u s s i o t d e z i r o h t u a n o i t a r t s i g e r e v i t c e f f e e h t g n i v i e c e r f o e t a d e h t m o r f r a e y e n o n i h t i w , n o i t u t i t s n i t s u r t f o e v i t c e f f e r o f d e z i r o h t u a s a w n a l p e c n a u s s i e h T . y t i r o h t u a t n e t e p m o c e h t m o r f 0 0 2 , y l g n i d r o c c a d n a C S F e h t f o 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 e h t y b n o i t a r t s i g e r n o n o i t a r e d i s n o c t u o h t i w d e u s s i e r e w s e e y o l p m e r o f k c o t s d e t c i r t s e r f o s e r a h s n o i l l i m o w t f o d n e e h t m o r f g n i n n i g e B . s r a e y r u o f s i n a l p e h t f o e f i l e h T . 0 2 0 2 , 1 r e b m e t p e S d n a d o i r e p e c i v r e s h t o b l l i f l u f o h w s e e y o l p m e e s o h t , t n a r g f o e t a d e h t e c n i s s r a e y d e t s e v e h t o t e l b i g i l e y l l a u d a r g e r a y n a p m o C e h t y b t e s s n o i t i d n o c e c n a m r o f r e p o t l i a f o h w s e e y o l p m e e s o h t r o F . e m a r f e m i t d n a e g a t n e c r e p n i a t r e c t a s k c o t s d e t c i r t s e r t u o h t i w s k c o t s r i e h t l e c n a c d n a l l a c e r l l i w y n a p m o C e h t , s n o i t i d n o c g n i t s e v e h t l l i f l u f e h t d e l t i t n e e r a s r e d l o h k c o t s d e t c i r t s e r e h t , d o i r e p g n i t s e v e h t g n i r u D . n o i t a r e d i s n o c , s d n e d i v i d e v i e c e r o t t h g i r e h t g n i d u l c n i s r e d l o h k c o t s n o m m o c f o e s o h t s a s t h g i r e m a s d e t c i r t s e r e h t e s o p s i d r o , t n a r g , r e f s n a r t , e e t n a r a u g t e s , e g d e l p , l l e s o t d e t c i r t s e r e r a t u b t e k r a M “ e h t m o r f d e n i a t b o e b n a c n o i t a m r o f n i d e t a l e R . s y a w r e h t o y n a n i s k c o t s . 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 r i a f t a d e r u s a e m s a w t n e m y a p d e s a b - e r a h s d e l t t e s - y t i u q e 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 2 $ T N , e t a d t n a r g e h t n o 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 n o d e s a b e u l a v e r a s e e y o l p m e r o f e t a d t n a r g e h t n o d e u s s i s k c o t s d e t c i r t s e r d e t s e v n u e h T . e r a h s r e p t n u o c c a y t i u q e a r t n o c l a n o i t i s n a r t a s a n o i t a s n e p m o c e e y o l p m e d e n r a e n u n i d e z i n g o c e r . d o i r e p g n i t s e v e h t r e v o e s n e p x e n o i t a s n e p m o c s a d e z i t r o m a e b l l a h s t n u o c c a h c u s d n a s a w n o i l l i m 4 0 5 $ T N f o t s o c n o i t a s n e p m o c e h t , 0 2 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 n a p m o C e h t y b s e s n e p x e n i d e z i n g o c e r 229 s e e y o l p m e r o f n a l p t h g i r n o i t a i c e r p p a k c o t S . c n o i l l i m 5 0 1 r e f f o o t n a l p n o i t a s n e p m o c a d e t u c e x e y n a p m o C e h t , 0 2 0 2 r e b m e t p e S n I Financial Review ) 4 7 9 , 3 9 3 ( 4 8 1 , 6 8 4 $ 0 1 2 , 2 9 $ 8 1 0 2 ) 8 4 2 , 5 8 3 ( 1 9 4 , 9 9 5 $ 3 4 2 , 4 1 2 $ 9 1 0 2 ) 1 8 3 7 6 3 ( , , 2 2 2 5 2 6 $ , 1 4 8 7 5 2 $ 0 2 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 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 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 , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 0 2 0 2 1 7 3 , 2 3 9 $ 5 9 1 , 0 7 4 , 1 $ , 9 6 4 7 9 4 , 2 $ s e c i v r e s d n a s d o o g f o s e l a S - 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8 7 8 , 8 2 3 , 2 - 8 7 8 , 8 2 3 , 2 4 1 9 , 0 2 8 , 6 7 1 $ ) 1 8 6 , 4 ( $ 5 9 5 , 5 2 8 , 6 7 1 $ 3 9 8 , 4 1 $ 2 0 7 , 0 1 8 , 6 7 1 $ 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 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 m i t r e v O e m i t l a t o T 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 $ - $ - - $ 7 0 6 , 4 4 1 , 1 - 7 0 6 , 4 4 1 , 1 4 3 0 , 7 5 0 , 7 4 1 $ 5 3 3 , 8 7 $ 9 9 6 , 8 7 9 , 6 4 1 $ n i t n i o p a t A e m i t r e v O e m i t 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 United Microelectronics Corporation | Annual Report 2020 e h T . 9 1 0 2 d n a 0 2 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 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A 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 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 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 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 0 6 5 $ T N d n a n o i l l i m 9 4 5 $ T N o t d e t n u o m a 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 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 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 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 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 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 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 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 , 0 2 0 2 , 0 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 0 2 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 . 1 2 0 2 , 4 2 y r a u r b e F n o 9 5 2 , 0 1 9 6 3 , 2 3 2 5 9 , 2 3 1 , 1 $ 5 7 6 , 1 8 5 2 $ , 9 1 0 2 0 2 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 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 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 8 0 6 , 6 0 3 , 1 1 7 5 , 5 9 3 7 3 0 , 1 1 9 6 9 6 , 4 1 5 , 1 8 4 8 , 2 5 4 8 4 8 , 1 6 0 , 1 . 0 2 0 2 , 6 2 y r a u r b e F n o d l e h g n i t e e m 8 5 1 , 8 2 4 , 1 1 8 2 , 1 6 3 7 7 8 , 6 6 0 , 1 7 2 7 , 7 1 5 , 1 8 9 2 , 9 7 3 9 2 4 , 8 3 1 , 1 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 9 8 9 , 7 2 4 1 3 6 , 4 2 1 8 5 3 , 3 0 3 6 9 6 , 6 9 3 8 5 8 , 1 2 1 8 3 8 , 4 7 2 4 5 6 , 6 1 2 , 2 0 4 4 , 8 6 3 , 1 4 1 2 , 8 4 8 3 8 3 , 4 4 7 , 2 1 5 6 , 8 4 8 , 1 2 3 7 , 5 9 8 7 2 6 , 0 1 9 , 6 4 4 5 9 , 1 4 8 , 1 3 7 6 , 8 6 0 , 5 4 8 5 9 , 5 9 8 , 5 4 6 2 2 , 6 2 9 , 1 2 3 7 , 9 6 9 , 3 4 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 9 1 0 2 0 2 0 2 7 0 9 , 6 6 3 , 5 $ 3 4 6 , 9 7 1 , 5 $ 1 5 3 , 0 0 2 6 3 0 , 3 4 ) 4 7 9 , 4 8 ( ) 8 9 3 7 ( , - - 0 6 8 , 8 9 1 0 2 3 , 7 3 1 , 1 ) 0 6 7 5 3 3 ( , ) 3 3 9 1 6 2 ( , 2 6 1 , 2 8 1 , 5 $ 0 9 8 , 3 5 2 , 6 $ 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 ) 2 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 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 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 s o l t n e m r i a p m I y t r e p o r p m o r f e m o c n i l a t n e R s t n a r g t n e m n r e v o G 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 % 2 . 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 231 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 9 1 0 2 0 2 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 4 2 2 , 2 2 8 , 4 2 $ 2 9 7 , 2 1 7 , 7 $ 2 3 4 , 9 0 1 , 7 1 $ 6 7 4 , 9 7 7 , 9 2 $ 1 5 1 , 2 1 4 , 9 $ 5 2 3 , 7 6 3 , 0 2 $ . 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 ) 1 2 ( s ’ y n a p m o C e h T : s w o l l o f s a h t l a e h d n a r o b a L e c n a r u s n i n o i s n e P s e s n e p x e t i f e n e b e e y o l p m e r e h t O 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 n o i t a i c e r p e D n o i t a z i t r o m A g n i d r o c c A Financial Review 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 0 2 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 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 ) 5 6 0 , 4 5 1 ( $ 6 1 5 , 8 3 $ ) 1 8 5 , 2 9 1 ( $ - $ ) 1 8 5 , 2 9 1 ( $ d e n i f e d f o s t n e m e r u s a e m e R 6 6 1 , 1 3 8 , 4 5 0 8 , 5 1 1 6 3 , 5 1 8 , 4 - 1 6 3 , 5 1 8 , 4 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 ) 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 ) 4 2 ( 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 6 7 , 5 2 ( ) 3 9 2 , 6 1 ( 3 2 4 , 9 1 ) 0 4 9 , 0 6 ( ) 7 3 1 , 2 6 9 , 1 ( 9 9 2 , 7 5 2 , 1 $ ) 4 7 6 , 1 1 ( $ 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 r e h t O l a t 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 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 s s o l t n e m r i a p m I 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 9 1 0 2 0 2 0 2 1 3 9 , 9 7 2 , 1 $ 3 0 4 , 1 1 0 , 2 $ t 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 n o i t a u l a v n o n i a G 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 ) 3 2 ( 232 s e s s o l d n a s n i a g r e h t O . a 9 1 3 , 4 2 8 , 2 3 0 1 6 1 2 , 4 2 8 , 2 - 6 1 2 , 4 2 8 , 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 f o t n e m t r a p e D . . S U e h t y b t h g u o r b s e g r a h c e h t r o f s e s s o l e h t d e z i n g o c e r y n a p m o C e h T ) 2 7 5 , 5 8 8 , 2 ( 8 0 7 , 4 3 ) 0 8 2 , 0 2 9 , 2 ( ) 9 1 9 , 2 ( ) 1 6 3 , 7 1 9 , 2 ( n o s e c n e r e f f i d e g n a h c x E 6 8 6 , 9 6 5 6 4 , 9 1 2 2 , 0 6 3 4 8 , 2 2 8 7 3 , 7 3 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 4 3 5 , 5 8 6 , 4 $ 7 9 5 , 8 9 $ 7 3 9 , 6 8 5 , 4 $ 4 2 9 , 9 1 $ 3 1 0 , 7 6 5 , 4 $ ) s s o l ( e m o c n i 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 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 e s a e l P . s t e r c e s e d a r t f o t f e h t n i e g a g n e o t y c a r i p s n o c f o n o i t a g e l l a g n i d r a g e r e c i t s u J 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 9 1 0 2 0 2 0 2 2 0 9 , 2 7 6 $ 3 9 1 , 7 7 3 $ 3 3 6 , 8 0 8 , 1 8 2 0 , 7 1 4 , 1 2 1 1 , 8 7 1 8 6 1 , 4 7 2 8 2 8 , 3 6 0 3 7 , 4 5 1 7 6 4 , 5 5 5 1 0 , 9 6 3 4 6 , 7 9 9 , 2 $ 3 3 4 , 3 7 0 , 2 $ . ) 6 ( 9 e t o N o t r e f e r s t s o c e c n a n i F . b e l b a y a p s d n o B s n a o l k n a B s e i t i l i b a i l e s a e L s r e h t O s e s n e p x e t s e r e t n I s e s n e p x e l a i c n a n i F l a t o T United Microelectronics Corporation | Annual Report 2020 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 e n e b ( 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 . a x a T e m o c n I ) 5 2 ( r e h t O r e h t O 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 l o f s a e r e w 9 1 0 2 d n a 0 2 0 2 , 1 3 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 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 , ) 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 d n e s r a e y e h t r o F , 1 3 r e b m e c e D 9 1 0 2 0 2 0 2 4 9 3 , 2 2 6 $ 1 2 7 , 9 5 2 , 1 $ , ) 0 8 7 3 3 0 1 ( , , ) 0 6 0 0 4 1 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 7 0 4 , 8 6 4 6 5 1 , 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 ) 1 8 9 , 3 4 2 ( 9 5 8 , 7 2 8 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 9 8 1 , 1 2 1 ) 9 5 3 7 2 3 ( , ) 6 3 7 1 ( , ) 3 7 1 , 6 4 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 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 ) 0 3 1 , 3 9 3 ( $ 7 6 7 , 5 4 7 $ s s o l r o t i f o r p n i d e d r o c e r e s n e p x e 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 ( 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 9 1 0 2 0 2 0 2 ) 1 8 2 , 1 2 ( $ 6 1 5 , 8 3 $ 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 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 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 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 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 ) 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 ) 9 7 9 , 6 3 1 ( 5 0 8 , 5 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 - 3 0 1 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 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 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 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 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 , ) 0 6 2 8 5 1 ( $ 4 2 4 , 4 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 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 233 s n a l p 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 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 9 1 0 2 0 2 0 2 ) 3 4 0 , 7 7 4 ( ) 3 9 0 , 9 3 1 ( 5 1 2 , 3 1 9 9 , 0 1 1 3 0 8 , 2 8 6 2 , 2 3 ) 2 7 6 , 0 3 1 ( ) 5 6 0 , 1 1 5 1 ( , ) 0 2 8 , 8 7 7 , 1 ( $ ) 8 8 6 , 0 0 5 2 ( $ , e l b i t c u d e d - n o n 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 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 n i a g t n e m t s e v n I : s e s n e p x e s r e h t O x a t c i s a B ) 8 0 6 , 2 0 1 ( ) 7 8 6 , 1 9 1 ( s t i d n a C M U o t e l b a c i l p p a s e t a r x a t t n e r e f f i d f o t c e f f E 9 4 7 , 9 1 8 2 2 , 1 9 3 9 1 , 5 2 8 2 6 , 7 8 4 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 e i r a i d i s b u s s r e h t O ) 0 3 1 , 3 9 3 ( $ 7 6 7 , 5 4 7 $ 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 w o l l o f s a 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 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 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 4 3 7 , 0 0 8 5 8 1 9 3 3 , 5 2 7 , 8 2 6 9 8 6 , 7 5 2 0 0 3 , 0 1 3 , 1 1 3 5 , 5 8 6 0 1 4 , 8 2 8 5 6 1 0 4 2 , 0 1 9 , 5 9 5 4 0 3 , 5 2 2 8 8 6 , 8 5 6 , 1 $ 5 5 8 , 6 1 1 2 $ , 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 - 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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 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 ) 9 5 5 ( $ 1 9 6 , 3 $ 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 f e D s ’ C M U t a x a t e r o f e b e m o c n i d n a ) t i f e n e b ( 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 9 1 0 2 0 2 0 2 8 2 1 , 7 4 1 , 1 6 3 2 , 5 8 5 , 5 7 3 6 , 5 3 7 , 5 $ 9 7 1 , 6 2 9 , 7 2 $ 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 ) 0 8 7 , 3 3 0 , 1 ( ) 0 6 0 , 0 4 1 , 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 0 7 9 , 1 1 9 , 1 8 4 3 , 2 9 5 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 d o i r e p s t i d e r c ) 7 6 0 , 6 4 1 ( ) 7 3 5 , 5 0 5 ( 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 s e t a r x a t United Microelectronics Corporation | Annual Report 2020 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 9 1 0 2 0 2 0 2 4 1 6 , 7 0 7 9 $ , 9 8 4 , 9 8 1 9 2 $ , 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 8 0 1 , 5 8 7 1 1 , 9 6 9 , 2 7 0 2 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 2 8 . 0 $ 2 4 . 2 $ ) 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 9 1 0 2 0 2 0 2 4 1 6 , 7 0 7 9 $ , 9 8 4 , 9 8 1 9 2 $ , 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 1 2 1 , 9 8 2 9 1 0 , 9 6 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 5 3 7 , 6 9 9 , 9 $ 8 0 5 , 8 5 2 9 2 $ , 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 8 0 1 , 5 8 7 1 1 , 9 6 9 , 2 7 0 2 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 n o i t u l i d f o t c e f f E - 7 4 0 , 0 9 1 1 9 0 3 , 7 5 6 , 5 6 9 2 7 , 5 9 2 1 , 0 3 6 , 3 0 3 ) 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 e e y o l p m e r o f s k c o t s d e t c i r t s e R 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 6 7 0 $ . 5 3 2 $ . 4 8 8 , 0 7 1 3 1 , 7 6 1 , 3 7 4 2 1 , ) 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 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 c i s a b - e r a h s r e p s g n i n r a E . a . y l e v i t c e p s e r , n o i l l i , m 9 8 3 1 1 $ T N d n a n o i l l i m 3 6 4 , 1 1 $ T N e r a h S r e P s g n i n r a E ) 6 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 , 9 1 0 2 d n a 0 2 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 , 2 4 9 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 . y l e v i t c e p s e r , n o i l l i m 1 8 8 , 2 $ T N 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A . h . 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 9 1 0 2 0 2 0 2 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 6 1 2 , 2 2 4 , 4 $ 7 1 2 , 0 2 7 , 5 $ 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 ( - - ) 6 0 1 , 6 2 6 ( 7 9 5 , 8 9 7 1 2 , 0 2 7 , 5 ) 9 5 5 ( ) 3 1 2 , 3 7 ( 1 9 6 , 3 3 5 8 , 4 7 1 2 , 0 2 7 , 5 $ 2 5 2 , 1 0 2 , 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 ( x a t d e r r e f e d f o t n e m e v o M . d 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 , 0 2 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 , 7 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 d e r i p x e d a h 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 - y r r a c s s o l x a t d e s u n u e h t f o n o i t a m r o f n i e h T . g : s w o l l o f s a s i d e z i n g o c e r n e e b e v a h s t e s s a , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 2 0 0 , 8 8 5 , 9 2 2 4 , 4 7 6 , 2 7 2 3 , 8 0 7 , 8 3 $ 9 7 2 , 0 1 9 , 0 4 $ 9 2 3 , 6 9 2 , 8 4 $ 1 0 7 , 4 8 5 , 3 4 $ s r a e y 5 ~ 1 s r a e y 0 1 ~ 6 d o i r e p y r i p x E l a t o T 235 Financial Review 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 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 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 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 $ ) 9 8 3 0 1 9 , , 2 ( 0 7 3 1 1 7 , , 5 1 $ 1 8 9 0 0 8 , , 2 1 $ 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 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 e h t d e s i c r e x e y n a p m o C e h T E I M n i t s e r e t n i p i h s r e n w o % 1 4 8 . 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 , 1 r e b o t c O n o n o i l l i b . 4 4 5 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 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 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 ) C J S U ( . 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 ) B e t o N ( 6 0 1 , 6 6 0 , 3 3 - ) 8 8 8 , 2 7 9 ( 0 2 9 , 6 3 1 4 7 0 2 0 9 , , 3 3 4 8 3 , 0 9 6 , 8 1 ) 7 5 1 , 8 8 3 , 6 ( - ) 5 7 8 2 0 7 , , 3 1 ( 6 1 4 1 8 7 , , 8 3 2 9 9 , 5 3 2 - ) 3 8 8 ( ) 9 1 8 , 9 5 ( 4 9 6 6 9 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 4 6 8 , 6 7 5 , 5 1 0 5 , 2 8 2 ) 6 3 0 , 0 1 ( ) 6 2 6 , 6 2 7 ( 5 2 0 1 3 0 , , 6 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 4 2 6 , 6 4 7 , 0 2 4 6 9 , 1 7 3 9 1 2 , 1 8 2 - 1 4 4 3 9 0 , , 0 2 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 . 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 : D e t o N . s d n o b e l b i t r e v n o c s ’ y n a p m o C e h t r o f ) 3 1 ( 6 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 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 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 ) 7 2 ( 236 : 0 2 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 n o i t a n i b m o C s s e n i s u B ) 8 2 ( 0 2 0 2 ) A e t o N ( e g n a h c x e s w o l F h s a C 0 2 0 2 s m e t I 2 3 1 , 7 5 0 , 1 1 $ 9 6 0 , 1 5 $ ) 1 5 7 , 5 7 ( $ ) 2 9 3 , 3 3 9 ( $ 6 0 2 5 1 0 , , 2 1 $ s n a o l m r e t - t r o h S 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 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 6 0 2 , 5 1 0 , 2 1 $ 8 2 6 , 3 7 2 $ ) 7 0 5 , 8 6 3 ( $ ) 3 2 7 , 3 9 9 ( $ 8 0 8 3 0 1 , , 3 1 $ s n a o l m r e t - t r o h S : 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 ) C e t o N ( 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 4 9 6 , 6 9 2 ) 7 4 3 , 9 1 6 ( ) 1 2 0 , 2 ( 9 6 2 , 2 5 2 3 9 7 5 6 6 , 5 2 0 , 1 3 0 , 6 8 8 4 , 6 3 7 ) 2 3 4 , 8 7 ( ) 8 8 4 , 3 3 6 ( 7 5 4 6 0 0 , , 6 1 4 4 , 3 9 0 , 0 2 3 1 2 , 1 8 3 ) 7 2 1 , 8 9 6 ( - 5 5 3 0 1 4 , , 0 2 l a i c n a n i f 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 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 ( 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 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 n a o l m r e t - g n o L 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 ) 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 ( s e i t i l i b a i l e s a e L ) d e d u l c n i 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 h s a C 4 7 0 , 2 0 9 , 3 3 3 4 8 , 1 ) 5 7 9 , 2 0 8 ( 1 9 9 , 6 7 8 , 3 5 1 2 6 2 8 , , 0 3 United Microelectronics Corporation | Annual Report 2020 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 , 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 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 . 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 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 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 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 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 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 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 . 9 1 0 2 , 1 3 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 ) 9 2 ( e h t y b n o i t a d i u q i l d n a n o i t u l o s s i d r o f d e v l o s e r s a w , C M U f o y r a i d i s b u s e h t , R E W O P X E N e m a s e h t n o l o r t n o c k o o t r o t a d i u q i l e h t d n a 0 2 0 2 , 1 1 r e b m e v o N n o g n i t e e m s ’ r e d l o h k c o t s t s o l s a h y n a p m o C e h t , d e u s s i s r e w s n a d n a s n o i t s e u q d e t a l e r d n a 0 1 S R F I o t g n i d r o c c A . y a d t a 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 s t i d e z i n g o c e r e d e r o f e r e h t d n a R E W O P X E N r e v o l o r t n o c . t s o l s a w l o r t n o c e h t n e h w e t a d e h t : 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 . a ) R E W O P X E N ( . P R O C Y G O L O N H C E T R E W O P X E N 8 1 4 0 6 6 7 7 , , 6 8 5 6 7 7 $ ) 4 9 1 ( ) 4 9 1 ( , 0 1 4 6 7 7 $ , ) 0 1 4 6 7 7 ( , 5 4 8 4 2 7 $ 5 6 5 1 5 , 1 6 0 4 , 1 6 0 4 $ , : n o i t a d i l o s n o c e d e h t m o r f d e z i n g o c e r n i a g d n a d e v i e c e r n o i t a r e d i s n o C . b r o t i f o r p o t d e i f i s s a l c e r 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 ) A e t o N ( n o i t a r e d i s n o c n o i t a d i u q i l m o r f e l b a v i e c e R n o i t a d i l o s n o c e d e h t f o s t e s s a t e N : s s e L 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 ) B e t o N ( n o i t a d i l o s n o c e d n o n i a G n o i t i n g o c e r e d o t e u d s s o l 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 s r e h t O s t e s s 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 n o i t a d i l o s n o c e d f o s t e s s a t e N y n a p m o c e h T . t s o l s a w l o r t n o c e h t n e h w d e t a d i l o s n o c e d s a w R E W O P X E N . n o i t a r e d i s n o c n o i t a d i u q i l d e v i e c e r t o n s a h : A e t o N 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 s a d e z i n g o c e r s a w 0 2 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 o i t a d i l o s n o c e d n o n i a G : B e t o N . e m o c n i 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 : e r e w 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 $ ) 5 1 5 , 9 8 1 , 8 1 ( 0 3 9 , 7 1 0 , 8 1 $ ) 5 8 5 , 1 7 1 ( $ 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 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 e l b i g n a t n I s t e s s a x a t d e r r e f e D 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 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 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 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 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 s e i t i l i b a i l e s a e L s r e h t 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 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 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 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 e h t d e d n e r a e y e h t r o f 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 d e i f i s s a l c e r . 9 1 0 2 , 1 3 r e b m e c e D 237 Financial Review 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 8 4 0 8 8 , 7 $ 8 2 9 , 7 $ 6 3 6 8 1 , 1 $ 2 2 2 , 1 $ , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 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 0 0 0 , 5 2 $ . C N I N U S Y L L E W d e d n e r a e y e h t r o F n o i t c a s n a r T s d n a s u o h t n I ( 0 2 0 2 , 1 3 r e b m e c e D g n i y l r e d n u f o k c o t S ) s e r a h s f o 0 0 0 , 1 s e t a i c o s s A e m u l o V g n i d a r 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 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 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 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 l a t o T 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 - $ ) 6 8 5 , 6 7 7 ( ) 6 8 5 , 6 7 7 ( $ : 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 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 . 7 238 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 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 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 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 . D T L , . O C T N E M T S E V N I H E I H C N U S H . P R O C L A T I P A C N 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 Y G O L O N H C E T N O R C M N U 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 9 1 0 2 0 2 0 2 3 2 5 , 5 4 6 5 8 , 6 2 9 3 3 , 2 3 5 , 1 $ 5 2 4 , 5 8 0 , 2 $ 2 6 8 , 7 7 5 , 1 $ 1 8 2 , 2 1 1 , 2 $ 3 4 2 , 1 1 2 0 7 , 8 7 2 $ 5 4 9 , 9 8 2 $ 9 1 0 2 0 1 1 , 6 8 0 8 , 2 7 1 $ 8 1 9 , 8 7 1 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A 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 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 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 N O I T A R O P R O C S R A T S I N U 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 t e n , e l b a v i e c e r s t n u o c c A s e t a i c o s s A s r e h t O l a t o T 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 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 ) 1 ( ) 2 ( United Microelectronics Corporation | Annual Report 2020 ) 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 9 1 0 2 0 2 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 5 3 0 , 1 1 8 $ 2 7 0 , 1 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 u a e r u B k r a P e c n e i c S 7 1 1 , 8 4 3 6 8 2 , 4 3 2 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 u a e r u B k r a P e c n e i c S 0 1 5 , 9 1 5 1 2 , 8 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 5 8 7 , 1 4 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 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 0 9 5 , 1 8 3 , 5 9 6 7 , 0 1 3 , 5 s g n i d l i u B 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 7 7 0 , 9 2 0 , 9 1 0 5 4 , 0 7 3 , 1 2 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 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 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 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 r o f l a r e t a l l o 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 - 4 7 1 , 3 r o f l a r e t a l l o 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 - 3 6 6 , 1 8 2 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 e r u t i n r u F s e r u t x i f r o f l a r e t a l l o 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 2 5 5 , 9 8 2 s t e s s a e s u - f o - t h g i R 4 3 2 , 3 2 9 , 6 2 $ 6 6 9 , 0 6 3 , 9 2 $ l a t o T : 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 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A 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 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 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 s t e s s a e l b i g n a t 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 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 i s i u q c A . e n o N : 0 2 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 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 3 6 4 , 9 3 3 $ 5 2 4 , 5 3 3 $ 9 1 0 2 0 2 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 9 1 0 2 0 2 0 2 3 6 2 , 6 4 3 , 2 $ 7 2 8 , 1 1 8 , 1 $ 2 9 8 , 3 8 6 $ 0 1 8 , 2 3 5 $ , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 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 9 1 0 2 0 2 0 2 5 3 1 , 1 7 2 $ 1 5 2 , 5 3 4 $ 6 0 4 , 2 5 1 4 , 3 3 0 2 , 2 6 8 7 5 7 3 7 , 9 3 3 $ 3 8 2 8 5 4 , 2 1 7 5 6 6 6 , 5 6 3 9 2 2 , 4 0 8 $ 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 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 e r u t i d n e p x e k s a M s r e h t O . c s e t a i c o s s A 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 239 Financial Review 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 , 7 1 0 2 , 5 r e b m e c e D n O 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 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 s a h C M U . 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 t a h t r e d r o n a e u s s i o t l i v i c e h t y l t n e r r u C . 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 . t r u o c e h t y b d e y a t s n e e b s a h t n i a l p m o c 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 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 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 f o e n o f o l a w a r d h t i w d e v o r p p a t r u o c 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 t a h t s t c u d o r p . l a i r t n o l l i t s e r a s n o i t c a o w t r e h t o e h t e l i h w n o i t o m r u o n o 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 h t 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 C I 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 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 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 . 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 l a n i m i r c e h t o t t c e p s e r h t i W . 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 y g o l o n h c e t , t r u o c e h t h t i w m u d n a r o m e m g n i c n e t n e s a d e l i f C M U , 0 2 0 2 , 2 2 r e b o t c O n o , s g n i d e e c o r p n O . n o i l l i m 0 6 $ S U f o e n i f a y a p o t d n a e g r a h c r e s s e l a o t y t l i u g d a e l p o t g n i s o p o r p m u d n a r o m e m g n i c n e t n e s d e n o i t n e m - e v o b a e h t d e v o r p p a t r u o c e h t , 0 2 0 2 , 9 2 r e b o t c O e h t d e d r o c e r s a h C M U . d e s s i m s i d e b l l i w t i u s l i v i c l e l l a r a p e h T . C M U y b d e t t i m b u s . s e s s o l r e h t o g n i t a r e p o - n o n n i e n i f 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 s 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 s s e c o r p n o i t a i d e m e h t y l t n e r r u C . 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 s l e s n u o c d e t n i o p p a l a i r e t a m t c e p x e t o n s e o d y n a p m o C e h T . l a i r t r e d n u w o n d n a d e t e l p m o c n e e b s a h 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 ( . m i a l c s i h t m o r f g n i t l u s e r t c a p m i l a i c n a n i f 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 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 , 0 2 0 2 , 1 3 r e b m e c e D f o s A . n o i l l i b 6 . 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 , 0 2 0 2 , 1 3 r e b m e c e D f o s A $ 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 6 . 1 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 . 3 $ 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 , 0 2 0 2 , 1 3 r e b m e c e D . n o i l l i b 0 . 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 , 0 2 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 1 . 1 $ T N y l e t a m i x o r p p a . n o i l l i b 5 . 0 $ T N y l e t a m i x o r p p a 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 ) 1 ( ) 2 ( ) 3 ( ) 4 ( ) 5 ( . 9 240 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 . . C O R . d e n i a t b o y n a p m o C e h T . s e c i v r e s o t 5 1 0 2 y r a u n a J m o r f s t n e m l a t s n i n i M X C S U 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 o t 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 n e m e e r g a e h t o t g n i d r o c c a , 8 1 0 2 r e b m e t p e S l a i c n a n i f a d e z i n g o c e r C M U , t n e m e e r g a e h t n o d e s a b , e r o m r e h t r u F . l o r t n o c e s i c r e x e 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 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 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 M X C S U n i s t n e m t s e v n i r i e h t 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 , n o i l l i b 9 . 4 B M R o t g n i t n u o m a s e z i n g o c e r y n a p m o C e h t , y l g n i d r o c c A . s r o t s e v n i r e h t o 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 d n e e h t t A . d o i r e p g n i t r o p e r e h t g n i r u d 0 1 S R F I y b d e r i u q e r s a 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 e m t i m m o c s t i r o f y t i l i b a i l l a i c n a n i f a s e z i n g o c e r y n a p m o C e h t , d o i r e p g n i t r o p e r h c a e f o e h t g n i z i n g o c e r e d e m i t e m a s e h t t a , 9 S R F I h t i w e c n a d r o c c a n i s r o t s e v n i r e h t o e h t o t e h t d n a y t i l i b a i l l a i c n a n i f e h t n e e w t e b e c n e r e f f i d 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 t i u q e n i d e z i n g o c e r s i e c n a l a b 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 o d e s a b C M U 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 ) 6 ( e d a r t e h t d e t a i r p o r p p a s i m C M U 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 s r e v d a n a , 0 2 0 2 , 2 1 e n u J 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 s t i f o o w t , C M U t a h t d e g e l l a t i u s a n i g n u h c i a T f o t r u o C t c i r t s i D e h t y b d e u s s i g n i l u r . s t e r c e s e d a r t f o n o i t a i r p o r p p a s i m e h t n i d e g a g n e e e y o l p m e r e m r o f a d n a s e e y o l p m e t n e r r u c C M U . m i a l c s i h t m o r f g n i t l u s e r t c a p m i l a i c n a n i f l a i r e t a m t c e p x e t o n s e o d y n a p m o C e h T . e c n e t n e s e h t t s n i a g a l a e p p a o t s d n e t n i United Microelectronics Corporation | Annual Report 2020 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 . ) 8 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 9 1 0 2 d n a 0 2 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 9 0 0 , 1 $ T N d n a n o i l l i m , 6 3 3 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 k s i r y c n e r r u c n g i e r o F , n o i l l i m , 0 0 2 2 $ T N d n a n o i l l i m , 5 2 6 1 $ T N y b s e s a e r c e d / s e s a e r c n i 9 1 0 2 d n a 0 2 0 2 , 1 3 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 Y P J . n e h W y l e v i t c e p s e r 0 3 4 $ T N d n a n o i l l i m 3 7 4 $ T N y b s e s a e r c n i / s e s a e r c e d 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D d e d n e . y l e v i t c e p s e r , n o i l l i m , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 2 3 2 , 3 2 7 , 4 1 3 7 4 , 1 2 0 , 4 1 $ 4 4 1 , 6 2 5 , 0 1 1 2 7 , 2 4 0 , 6 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 r e h t o 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 l a i c n a n i F 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 1 7 2 , 2 4 0 , 4 9 7 4 1 , 2 4 9 , 8 2 1 6 9 , 0 1 3 , 2 1 3 1 , 6 8 3 , 4 1 9 1 1 , 8 6 5 , 5 5 1 $ 5 7 3 , 0 5 2 , 6 6 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 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 s e i t i l i b a i L l a i c n a n i F - $ 6 2 3 , 2 $ 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 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 4 9 6 , 6 9 2 6 0 2 , 5 1 0 , 2 1 5 9 4 , 2 4 3 , 7 2 6 1 4 , 1 8 7 , 8 3 4 7 0 , 2 0 9 , 3 3 5 2 0 , 1 3 0 , 6 1 4 4 , 3 9 0 , 0 2 2 9 9 , 5 3 2 2 3 1 , 7 5 0 , 1 1 4 9 7 , 8 8 1 , 1 3 4 8 3 , 0 9 6 , 8 1 6 0 1 , 6 6 0 , 3 3 4 6 8 , 6 7 5 , 5 4 2 6 , 6 4 7 , 0 2 1 5 3 , 2 6 4 , 8 3 1 $ 2 2 2 , 4 6 5 , 0 2 1 $ ) 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 s e i t i l i b a i l e s a e L l a t o T 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 s t i 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 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 241 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 . e n o N 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 ( . e n o N S R E H T O . 2 1 Financial Review 0 2 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 t n e m e g a n a m k s i r y t i d i u q i L ) 5 ( 5 8 7 , 0 4 2 , 1 1 $ 0 1 0 , 8 0 0 , 1 3 - - $ 2 9 9 , 5 3 2 1 8 5 , 1 7 - - - $ - - $ 8 1 6 , 3 6 1 3 9 7 0 1 0 , 8 0 0 , 1 3 1 5 7 , 0 0 4 , 1 2 - 1 0 0 , 2 2 4 , 9 1 9 7 2 , 0 0 2 , 4 3 4 0 5 , 2 3 4 , 6 - - 7 1 2 , 4 5 3 , 3 1 2 0 , 3 6 5 , 8 5 6 9 , 4 2 4 , 2 1 2 0 , 2 0 1 , 1 3 3 3 , 0 8 2 , 4 8 1 4 , 0 2 1 , 7 1 - 3 9 3 , 4 8 4 , 8 2 8 3 , 9 8 8 , 5 6 7 4 , 0 8 2 , 1 0 9 7 , 5 9 6 7 8 5 , 4 7 3 , 2 2 3 9 , 5 8 8 , 5 2 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 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 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 5 8 7 , 0 4 2 , 1 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 2 2 3 , 0 4 9 , 3 2 1 $ 8 9 7 , 5 2 4 , 3 $ 0 4 3 , 0 7 3 , 6 1 $ 7 8 2 , 8 3 9 , 2 3 $ 7 9 8 , 5 0 2 , 1 7 $ l a t o T ) 8 6 7 , 5 9 3 ( 2 4 4 , 3 9 3 $ ) 6 2 3 , 2 ( $ - - $ - $ - - $ - $ - - $ - $ ) 8 6 7 , 5 9 3 ( 2 4 4 , 3 9 3 $ ) 6 2 3 , 2 ( $ 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 e g n a h c x e d r a w r o F t n e m e l t t e s s s o r G s t c a r t n o c 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 w o l f t u O w o l f n I t e N 7 1 6 , 6 0 1 , 7 2 1 2 6 , 1 1 2 , 2 1 $ - - $ 4 9 6 , 6 9 2 2 0 0 , 9 9 - - - $ 3 4 8 , 9 3 9 , 9 3 2 1 7 , 6 4 8 , 8 3 4 6 0 , 8 2 1 , 7 3 1 1 , 4 1 1 , 1 2 - - 0 0 0 , 2 1 2 9 1 , 2 9 7 , 3 1 7 9 , 9 8 6 , 8 6 8 9 , 7 9 0 , 3 1 5 5 9 , 0 8 1 , 1 6 2 8 , 5 4 4 , 8 7 8 2 , 8 6 6 , 2 1 - - $ 2 6 8 , 8 9 1 8 0 1 , 7 9 5 6 2 , 0 9 5 , 0 1 1 3 9 , 1 3 6 , 9 1 8 7 9 , 3 1 4 , 1 4 8 5 , 0 0 1 5 5 7 , 7 0 9 , 6 2 9 3 9 , 0 4 7 5 9 7 , 4 0 1 , 6 7 0 6 , 9 5 6 , 0 2 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 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 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 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 4 6 6 , 3 4 6 , 6 4 1 $ 4 9 1 , 3 0 9 , 3 $ 8 3 7 , 4 1 4 , 1 3 $ 1 3 4 , 0 0 6 , 4 4 $ 1 0 3 , 5 2 7 , 6 6 $ l a t o T 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 ) 4 1 ( 6 d n a ) 3 1 ( 6 , ) 1 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 9 1 0 2 d n a 0 2 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 6 4 $ T N d n a n o i l l i m 4 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 2 5 2 $ T N d n a n o i l l i m 3 6 2 $ T N y b 9 1 0 2 d n a 0 2 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 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 1 7 6 $ T N d n a n o i l l i m 3 5 4 $ T N y b 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D k s i r e t a r t s e r e t n I 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 ( 242 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 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 , 9 1 0 2 d n a 0 2 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 % 4 4 d n a % 2 6 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 United 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o l r o t i f o r p h g u o r h t 7 8 0 , 6 2 8 , 4 1 1 1 9 , 5 8 8 , 8 6 5 8 , 3 9 3 0 2 3 , 6 4 5 , 5 e u 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 4 4 1 , 6 2 5 , 0 1 2 7 7 , 7 6 4 , 1 - 2 7 3 , 8 5 0 , 9 e u 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 6 2 3 , 2 - 6 2 3 , 2 - , 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 t n e r r u 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 h g u o r h t : s e i t i l i b a i l l a i c n a n i F t n e r r u c n o n 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 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 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 : s t e s s a l a i c n a n i 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 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 . 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 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 ( 0 2 0 2 , 1 3 r e b m e c e D f o s 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 1 2 0 2 , 5 0 y r a u r b e F ~ 0 2 0 2 , 1 1 r e b m e c e D 2 8 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 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 . e n o N 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 ( 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 n i 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 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 : s w o l l o f s a e r a y h c r a r e i h h g u o r h t e u 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 e d n e s r a e y e h t r o f n o i l l i m ) 3 1 1 ( $ T N d n a n o i l l i m 1 2 7 $ T N f o ) s s o l ( t i f o r p l a t o t e h T e h t o t e l b a t u b i r t t a s i t a h t s s o l r o t i f o r p n i d e d u l c n i e r e w , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D d e t o u q t u o h t i w s t e s s a l a i c n a n i f e s o h t o t g n i t a l e r s e s s o l r o s n i a g d e z i l a e r n u n i e g n a h 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 t a d l e h s e c i r p t e k r a m 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 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 . 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 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 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 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 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 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 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 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 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 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 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 . 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 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 t n a c i f i n g i s o n e r e w e r e h t , 9 1 0 2 d n a 0 2 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 w o l l o f s a s i 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 n o i t a i l i c n o c e R . 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 244 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 0 2 0 2 , 1 3 r e b m e c e D f o s 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 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 , 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 $ 0 2 0 2 , 1 y r a u n a J f o s A - - - 6 4 4 9 2 8 , 8 4 6 , 9 3 1 1 6 , 9 1 3 2 5 , 0 8 1 4 6 6 , 9 8 5 ) s s o l ( 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 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 , 8 4 8 1 6 1 ) 9 4 3 5 ( , , 7 9 1 7 6 1 - - - - - r e h t o n i d e z i n g o c e R ) s s o l ( t i f o r p s ’ y n a p m o C y b 0 2 0 2 , 1 3 r e b m e c e D d n a n o i l l i m 3 8 2 $ T N d e d n e r a e y r o f e h t e s a e r c n i / e s a e r c e d r e h t o 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 ( 6 0 1 $ T N y b 0 2 0 2 . n o i l l i m , n o i l l i m 1 3 2 $ T N d n a , y l e v i t c e p s e r 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 ~ % 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 - - - - - , 2 7 7 7 6 4 1 $ , - - - - - , 5 4 1 0 7 1 $ - - - - - , 7 2 6 7 9 2 1 $ , , 2 6 9 5 8 4 1 , 6 5 4 , 3 0 3 3 2 3 , 0 4 3 1 5 2 , 4 9 2 2 3 9 , 7 4 5 ) 3 0 9 1 ( , , ) 8 8 1 8 2 4 ( - - , ) 6 7 3 9 0 9 ( ) 3 2 2 , 7 2 2 ( - - - ) 2 1 1 , 4 7 3 ( ) 1 4 0 , 8 0 3 ( - - ) 3 0 9 , 1 ( l a t i p a c f o n r u t e R ) 8 8 1 , 8 2 4 ( 3 l e v e L f o t u o r e f s n a r T , ) 9 2 8 0 0 2 ( ) 9 5 2 , 4 ( ) 3 4 9 , 6 5 ( ) 3 5 9 , 0 0 1 ( ) 4 7 6 , 8 3 ( t c e f f e e g n a h c x E , 7 2 8 0 5 0 9 $ , 0 3 3 , 6 1 2 $ 6 1 0 , 4 1 3 , 2 $ 3 0 0 , 9 7 2 , 3 $ 8 7 4 , 1 4 2 , 3 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A e m o c n i e v i s n e h e r p m o c ) s s o l ( n o i t i s i u q c A l a s o p s 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 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 $ - $ 2 1 7 , 0 9 1 ) 2 3 5 8 ( , 4 4 2 , 9 9 1 - - - - ) 1 3 1 , 7 ( - 5 4 1 , 6 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 ) 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 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 , , - - - - - ) 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 - - - - ) 9 9 0 , 3 ( ) 1 2 8 , 8 2 ( ) 0 0 8 , 3 3 ( ) 1 7 3 , 8 2 3 ( ) 5 7 4 , 1 ( - - - 3 $ 8 8 6 , 0 8 8 , 2 $ 9 1 0 2 , 1 3 r e b m e c e D f o s A - ) 4 5 9 , 4 1 ( ) 0 0 3 , 3 5 ( ) 1 5 4 , 4 1 ( 3 l e v e L f o t u o r e f s n a r T t c e f f e e g n a h c x E 3 l e v e L o t r e f s n a r T l a t i p a c f o n r u t e R e m o c n i e v i s n e h e r p m o c ) s s o l ( n o i t i s i u q c A l a s o p s i D United Microelectronics Corporation | Annual Report 2020 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 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 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 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 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 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 ) d e d u l c n i n o i t r o p 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 e h t n a h t r e h t o s e i c n e r r u c n g i e r o f e h t y b d e z i r a m m u s s a w n o i t a m r o f n i g n i w o l l o f e h T e t a l s n a r t o t d e s u e r e w d e s o l c s i d s e t a r e g n a h c x e e h T . y n a p m o C e h t f o y c n e r r u c l a n o i t c n u f 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 e h T . y c n e r r u c l a n o i t c n u f e h t o t n i s e i c n e r r u c n g i e r o f e h t : s w o l l o f s a 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 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 ( , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 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 3 0 , 1 8 1 , 9 1 $ 3 0 . 0 3 9 2 7 , 8 3 6 $ 7 4 0 , 8 3 2 , 0 2 $ 3 4 . 8 2 5 5 8 , 1 1 7 $ 9 0 1 , 7 6 9 2 . 4 5 5 6 , 1 5 2 5 , 8 5 5 3 . 4 7 5 9 , 1 2 2 8 , 4 7 4 , 1 9 1 4 7 . 0 7 9 1 , 6 6 4 9 6 , 3 3 0 , 1 9 5 5 7 . 0 1 0 1 , 8 4 3 3 8 , 5 0 7 , 7 2 6 7 9 . 6 0 2 1 , 7 5 2 6 6 8 , 8 7 1 , 5 9 4 2 5 . 6 2 5 2 , 2 8 1 6 0 8 , 7 1 2 , 5 5 5 . 9 0 1 5 3 1 , 3 7 1 8 6 1 , 4 4 5 , 5 2 5 . 3 0 1 5 3 0 , 5 9 1 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 T N D S U : : D T N B M R D S U D G S : B M R D S U : Y P J : D S U s m e t i y r a t e n o M - n o N 3 0 1 , 6 2 8 , 3 3 0 . 0 3 9 0 4 , 7 2 1 7 6 6 , 3 9 0 , 4 3 4 . 8 2 1 9 9 , 3 4 1 D T N D S U : , n o i l l i m 1 9 1 $ T N ) 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 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 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 , 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 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 0 2 0 2 , 1 3 r e b m e c e D f o s A 9 7 0 , 4 4 6 , 6 3 1 . 0 3 4 1 5 , 0 2 2 0 1 9 , 8 7 8 , 6 3 5 . 8 2 1 1 1 , 1 4 2 D T N D S U : 3 8 9 , 4 9 0 , 0 2 6 4 3 . 4 8 8 7 , 3 2 6 , 4 8 4 3 , 8 4 7 , 0 2 5 0 4 . 4 1 8 1 , 0 1 7 , 4 ) C e t o N ( : D T N B M R 8 6 5 , 1 5 8 , 1 4 5 4 7 . 0 1 0 3 , 2 8 0 2 2 , 3 9 8 , 1 6 9 5 7 . 0 0 9 1 , 7 8 0 8 5 , 3 2 7 , 6 2 2 6 7 9 . 6 6 2 4 , 1 8 8 2 8 9 , 1 4 9 , 1 2 9 4 2 5 . 6 7 0 4 , 3 6 7 3 9 6 , 6 0 1 , 1 5 5 . 9 0 1 3 8 1 , 6 3 7 1 3 , 2 5 8 2 5 . 3 0 1 2 4 5 , 9 2 : D S U D G S B M R D S U : Y P J : D S U g n i y r r a C t n u o m a , 4 8 3 0 9 6 8 1 $ , , 6 0 1 6 6 0 3 3 , - $ - 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 - $ 7 9 5 , 1 6 8 , 8 1 $ 7 9 5 , 1 6 8 , 8 1 $ t n e r r u c ( s e l b a y a p s d n o B , 6 0 1 6 6 0 , 3 3 - 6 0 1 , 6 6 0 , 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 ) d e d u l c n i n o i t r o p 245 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 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 Financial Review 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 ( : 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 o t r e f e r e s a e l P : 0 2 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 : 0 2 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 ( 0 2 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 : 0 2 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 : 0 2 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 . 6 t n e m h c a t t A o t r e f e r . b . c . d . e o t r e f e r e s a e l P : 0 2 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 . 7 t n e m h c a t t A 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 : 0 2 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 : 0 2 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 0 2 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 ( l a t o t 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 f o s t n e m e t a t s d e t a d i l o s n o c e h t o t r e f e r e s a e l P : B e t o N e r e w e r e h t e c n i S . s s o l d n a n i a g e g n a h c x e n g i e r o f d e z i l a e r n u d n a d e z i l a e r f o e h t n i h t i w s e i c n e r r u c l a n o i t c n u f d n a 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 f o s e i t e i r a v n g i e r o f e s o l c s i d o t e l b a n u s a w y n a p m o C e h t , y n a p m o C e h t f o s e i r a i d i s b u s . t c a p m i t n a c i f i n g i s h t i w y c n e r r u c n g i e r o f h c a e s d r a w o t ) s s o l ( n i a g e g n a h c x e . 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 : C e t o N 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 ( . 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 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D 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 ( 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 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 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 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 9 1 0 2 d n a 0 2 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 9 1 0 2 0 2 0 2 ) 7 7 4 , 2 9 4 , 5 9 ( ) 6 3 0 , 8 4 0 , 4 9 ( 3 4 9 , 2 7 9 , 2 6 1 $ 3 7 2 , 3 4 7 , 1 4 1 $ 6 6 4 , 0 8 4 , 7 6 7 3 2 , 5 9 6 , 7 4 2 2 4 , 4 1 2 , 7 0 2 2 0 1 , 3 7 7 , 5 3 2 8 8 8 , 4 9 6 , 4 7 2 $ 9 3 3 , 8 6 4 , 3 8 2 $ % 7 5 . 4 2 % 3 8 . 6 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 . n o i t a n i m i l e e r o f e b t n u o m a S E R U S O L C S I D L A N O I T I D D A . 3 1 e h t f o s m r e t n i d e s s e r p x e e r a e v o b a d e n o i t n e m 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 e h T : A e t o N 246 United Microelectronics Corporation | Annual Report 2020 s a e r e w 9 1 0 2 d n a 0 2 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 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 0 2 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 4 1 9 , 0 2 8 , 6 7 1 $ - $ 4 1 9 , 0 2 8 , 6 7 1 $ 2 1 2 , 0 1 $ 2 0 7 , 0 1 8 , 6 7 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 - ) 1 8 6 , 4 ( 1 8 6 , 4 1 8 6 , 4 - s e l a s m o r f s e u n e v e r g n i t a r e p O t n e m h c a t t A o t r e f e r e s a e l P : 0 2 0 2 , 1 3 r e b m e c e D f o s a s r e d l o h e r a h s r o j a m f o n o i t a m r o f n I . k . 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 ( . 2 1 2 1 4 , 0 8 1 , 7 2 ) 5 3 6 , 9 8 9 ( 7 4 0 , 0 7 1 , 8 2 9 8 7 , 0 6 0 , 1 8 5 2 , 9 0 1 , 7 2 t e n , ) s s o l ( e m o c n i t e n t n e m g e S 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 t n e m g e s r e t n i g n o m a 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 x a t 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 ( 2 5 9 , 7 6 6 , 6 ) 5 3 6 , 9 8 9 ( 7 8 5 , 7 5 6 , 7 - 3 9 6 , 3 6 1 , 6 4 0 9 4 , 2 5 2 0 3 , 5 4 3 , 6 2 6 2 6 , 6 2 7 1 3 0 , 9 0 0 , 2 3 9 6 , 3 6 1 , 6 4 - - - - 2 0 3 , 5 4 3 , 6 2 6 2 6 , 6 2 7 1 3 0 , 9 0 0 , 2 - - 2 0 3 , 5 4 3 , 6 2 t n a l p , y t r e p o r p f o n o i t i s i u q c A 1 3 0 , 9 0 0 , 2 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 t n e m p i u q e d n a 0 5 9 , 3 1 6 7 6 , 2 1 7 e h t r o f s t n e m y a p h s a C 3 0 2 , 1 1 1 , 6 4 7 8 5 , 7 5 6 , 7 e s a e l e h t f o n o i t r o p l a p i c n i 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 f o s s o l r o t i f o r p f o e r a h S y t i l i b a i l n o i t a i c e r p e D 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 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 n a t n e m t s u j d A r e f a W 7 6 7 , 5 4 7 - 7 6 7 , 5 4 7 2 8 7 5 8 9 , 4 4 7 ) t i f e n e b ( e s n e p x e x a t e m o c n I 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 . 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 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 ) 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 7 6 7 , 8 2 1 , 6 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 t e n , ) s s o l ( e m o c n i t e n t n e m g e S 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 $ m o r f s e u n e v e r g n i t a r e p O s l o c o t o r p 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 s r e m o t s u c l a n r e t x e o t n i 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 3 8 4 , 8 1 5 , 6 1 8 8 4 , 3 3 6 3 9 5 , 3 4 4 , 2 1 8 8 , 2 7 1 , 7 4 - - - - 3 8 4 , 8 1 5 , 6 1 8 8 4 , 3 3 6 3 9 5 , 3 4 4 , 2 - - 1 8 8 , 2 7 1 , 7 4 5 0 0 , 4 3 1 6 7 8 , 8 3 0 , 7 4 e s a e l e h t f o n o i t r o p l a p i c n i r p y t i l i b a i l n o i t a i c e r p e D 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 d n a s e s s e c o r p y r a t e i r p o r p 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 , s e i r t s u d n i s s o r c a e s a b 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 e l i h w , s r e h t o d n a 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 3 8 4 , 8 1 5 , 6 1 t n a l p , y t r e p o r p f o n o i t i s i u q c A x a t f o y n a p m o C e h t , 0 2 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 t n e m g e s g n i t a r e p o 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 3 9 5 , 3 4 4 , 2 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 o t s p i h c f o e r u t c a f u n a m e h t 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 t n e m p i u q e d n a e h T . 4 e t o N n i d e b i r c s e d 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 5 9 4 , 7 4 1 , 1 1 5 4 , 4 1 4 4 4 0 , 3 3 7 - 4 4 0 , 3 3 7 f o s s o l r o t i f o r p f o e r a h S g n i d u l c n i , s n o i t a c i l p p a 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 ) 0 3 1 , 3 9 3 ( 4 3 1 , 8 1 1 - - ) 0 3 1 , 3 9 3 ( 4 3 1 , 8 1 1 4 7 9 , 0 2 4 7 9 , 4 8 ) 4 0 1 , 4 1 4 ( 0 6 1 , 3 3 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 i f e n e b ( e s n e p x e x a t e m o c n I 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 s s e n i s u b w e N . s c i h p a r g 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 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 , 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 . y g r e n e 247 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 9 1 0 2 0 2 0 2 3 9 2 , 6 7 5 , 7 1 $ 4 1 8 , 0 8 3 , 0 2 $ 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 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 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 , 5 7 3 6 1 5 7 7 3 $ , , 3 7 2 3 4 7 1 4 1 $ , ) 0 8 1 3 6 ( $ , , 5 5 5 9 7 5 , 7 7 3 $ 4 2 8 , 4 7 $ 1 3 7 , 4 0 5 , 7 7 3 $ s t e s s a t n e m g e S ) 0 2 5 ( $ 3 9 7 3 4 7 , , 1 4 1 $ 4 6 1 , 2 1 $ 9 2 6 , 1 3 7 , 1 4 1 $ s e i t i l i b a i l t n e m g e S 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 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D 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 d n a t n e m t s u j d A n o i t a n i m i l E r e f a W s r e m o t s u c r o j a M ) 3 ( 0 2 0 2 , 1 3 r e b m e c e D f o s A 248 , 5 6 3 7 8 1 0 7 3 $ , , 3 4 9 2 7 9 2 6 1 $ , 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 , ) 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 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 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 : e t o N . d o h t e m y t i u q e 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 ( , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 4 1 7 , 1 8 4 , 3 7 $ 2 5 7 , 3 6 5 , 4 6 $ 0 8 8 , 1 9 1 , 5 1 1 4 1 , 1 2 6 , 1 1 7 2 3 , 2 2 6 , 3 6 3 7 2 , 3 4 6 , 9 5 9 6 7 , 5 6 2 , 2 1 1 5 8 , 1 9 5 , 1 1 8 9 4 , 0 7 3 8 3 , 4 2 9 0 3 , 3 4 8 4 , 6 4 7 5 2 , 1 2 6 2 1 , 1 0 8 8 , 9 5 6 , 4 6 1 $ 4 8 8 , 8 8 4 , 7 4 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 n a p a J A S U e p o r u E s r e h t O 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 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 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 United Microelectronics Corporation | Annual Report 2020 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 2 % 1 % 1 % 1 % 0 % 1 % 0 % 0 % 0 % 0 % 1 % 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 s y a d 0 6 t e N - 2 7 1 , 8 8 3 , 5 9 1 4 , 0 2 2 , 1 0 8 1 , 3 8 1 , 1 1 8 9 , 7 5 3 , 9 4 $ ) 5 e t o N ( 1 3 8 , 4 2 8 5 3 , 0 7 9 2 9 0 , 0 5 2 0 6 8 , 7 3 1 9 6 0 , 3 3 7 7 0 , 6 0 1 0 6 8 , 6 5 4 4 9 0 , 5 9 3 , 1 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 - 6 0 7 , 7 3 9 , 5 4 6 9 , 3 3 9 , 3 2 2 6 , 8 0 6 0 1 3 , 9 0 2 , 1 4 3 3 , 1 3 ) 5 e t o N ( 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 t n u o m A t n u o c c A 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 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 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 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 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 1 1 1 1 1 3 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 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 ) A S U ( P U O R G C M U ) A S U ( 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 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 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 . o N ) 1 e t o N ( 0 0 0 0 0 1 1 2 2 2 3 3 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 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 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 ( 0 2 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 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 . 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 . 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 : 4 e t o N 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 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 . 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 . " 0 " d e d o c s i C M U . 1 . 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 . 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 . 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 . y r a i d i s b u s o t y r a i d i s b u S . 1 . 2 . 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 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 8 9 8 , 3 6 2 , 4 9 $ 5 7 9 , 5 6 5 , 3 2 $ ) 2 e t o N ( ) 2 e t o N ( - $ e u l a V m e t I e n o N - $ e c n a w o l l a s s o L 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 m r e t - t r o h s g n i c n a n i f % 6 5 . 2 - $ r o f d e e n e h T - % 3 1 0 0 9 . 0 - $ 0 0 1 , 9 1 5 , 0 1 $ 0 0 5 , 3 9 7 , 2 1 $ 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 t n u o m a l a u t c A m u m i x a M e h t r o f e c n a l a b e t a r t s e r e t n I 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 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 . 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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 ( ) 0 2 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 . 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 2020 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 ) 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 r o t n a r a u G / r o s r o d n E , 6 8 8 6 4 0 6 0 1 $ , % 1 1 . 8 - $ ) 5 e t o N ( , 4 6 1 0 5 3 0 1 $ , ) 5 e t o N ( 5 2 5 , 2 2 1 , 9 1 $ 5 2 5 , 2 2 1 , 9 1 $ 6 8 8 , 6 4 0 , 6 0 1 $ 2 R O T C U D N O C M E S D E T I N U I I S C N O R T C E L E O R C M D E T I N U I . o N ) 1 e t o N ( 0 . D T L , . O C ) N E M A X I ( N O I T A R O 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 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 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 ) 6 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 ( , 8 8 7 7 1 0 0 1 $ , % 8 9 0 3 . - $ 8 1 1 , 4 6 5 4 $ , 7 0 6 , 6 9 8 , 6 $ 5 6 7 , 1 6 3 , 8 $ 8 8 7 , 7 1 0 , 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 . D T L , . O C ) N E M A X I ( . D T L , . O C ) U O H Z U S ( . n o i l l i m 1 4 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 n a o l d e t a c i d n y s r o f 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 3 1 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 n a o l d e t a c i d n y s r o f 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 . 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 : 5 e t o N . 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 . 0 2 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 . 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 : 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 y b . 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 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 . n o i l l i m 0 0 9 Y N C o t d e t n u o m a t n e m e e r g a s n a o l m r e t - t r o h s r o f 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 n a n o i l l i m 2 3 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 , 0 2 0 2 , 9 2 y l u J n O , n o i l l i m 9 2 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 , 0 2 0 2 , 6 1 r e b m e c e D n O . n o i l l i m 2 3 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 , 0 2 0 2 , 9 2 r e b o t c O n O . n o i l l i b 7 9 . 1 Y N C o t d e t n u o m a t n e m e e r g a s n a o l r o f 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 n a n o i l l i m 0 0 9 Y N C o t d e t n u o m a t n e m e e r g a s n a o l m r e t - t r o h s r o f t n e m e s r o d n e e h t e s a e r c e d o t . 0 2 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 : 6 e t o N . n o i l l i b 5 3 . 0 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 , 0 2 0 2 , 1 3 r e b m e c e D f o s A . n o i l l i b 7 9 . 1 Y N C d n a n o i l l i m 1 7 3 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 . 0 2 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 251 ) 0 2 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 Financial Review e n o N 0 2 7 , 9 8 1 $ e n o N 3 7 8 , 3 9 e n o N 0 0 2 , 7 0 3 e n o N 5 4 8 , 4 9 1 e n o N 6 5 9 , 2 9 e n o N 0 4 7 , 0 7 1 e n o N e n o N - - e n o N 3 7 6 , 7 0 6 , 1 e n o N 2 1 0 , 8 6 4 e n o N 9 2 6 , 5 4 4 , 1 e n o N - e n o N 7 0 3 , 5 8 1 e n o N 4 7 7 , 1 1 7 e n o N 1 0 6 , 3 4 4 e n o N 8 2 7 , 2 3 e n o N e n o N e n o N - - - e n o N 0 0 0 , 0 2 e n o N 5 4 6 , 9 3 0 , 2 e n o N 2 2 1 , 2 2 7 e n o N 4 7 6 , 0 5 9 e n o N 3 5 0 , 8 6 0 , 6 e n o N 5 4 1 , 0 7 1 0 7 . 1 5 2 . 1 3 1 . 1 0 3 . 0 2 2 . 0 1 2 . 0 3 6 . 7 1 5 7 . 5 1 9 7 . 9 9 2 . 9 6 6 . 7 1 7 . 4 9 2 . 4 8 6 . 1 8 9 . 0 3 8 . 0 2 7 . 0 - - - 2 0 . 9 1 7 6 . 2 1 7 6 . 8 0 7 . 2 - 0 2 7 , 9 8 1 $ 0 0 0 , 8 1 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 3 7 8 , 3 9 0 0 2 , 7 0 3 5 4 8 , 4 9 1 6 5 9 , 2 9 0 4 7 , 0 7 1 - - 3 7 6 , 7 0 6 , 1 2 1 0 , 8 6 4 9 2 6 , 5 4 4 , 1 - 7 0 3 , 5 8 1 4 7 7 , 1 1 7 1 0 6 , 3 4 4 8 2 7 , 2 3 - - - 0 0 0 , 0 2 8 0 2 , 1 0 0 6 , 1 6 8 5 5 7 6 , 2 7 5 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 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 , 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 . I P R O C G N N M 8 T U H I . C N I , I G N G A M I T R A X I P M R E T V A C I ) D N A L E R I ( S T N E M T S E V N I L A B O L G C R A D E R D N U F Y T I D U Q I L I . C N I , H C E T 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 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 . I P R O C S C N O R T C E L E N O S I H P . 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 n u F 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 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 5 4 6 , 9 3 0 , 2 9 7 9 , 9 1 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 ' 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 2 2 1 , 2 2 7 4 7 6 , 0 5 9 3 5 0 , 8 6 0 , 6 5 4 1 , 0 7 1 0 0 0 , 0 2 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 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 e t a i c o s s A 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 I D E T I M I L G N D L O H N O R C M N U I 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 e t a i c o s s A . 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 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 ( 0 2 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 ( ) 0 2 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 ( 252 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 2020 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 ( 0 2 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 ( ) 0 2 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 - e n o N 0 9 0 , 2 $ e n o N - e n o N 1 7 5 , 5 5 e n o N 3 0 8 , 5 4 1 e n o N 5 2 3 , 9 2 e n o N 5 2 6 , 9 1 e n o N 7 3 2 , 4 5 e n o N 4 4 6 , 3 1 e n o N 0 0 0 , 2 4 e n o N 5 2 0 , 0 2 e n o N 0 8 1 , 9 e n o N 5 5 3 , 8 6 e n o N 6 1 6 , 1 e n o N - e n o N 0 0 4 , 3 0 2 e n o N 7 8 4 , 2 5 1 e n o N - e n o N 1 2 6 , 6 e n o N 9 3 1 , 0 5 e n o N 0 7 4 , 7 0 2 e n o N 0 8 0 , 2 1 1 e n o N 0 7 8 , 8 4 1 e n o N - e n o N 7 0 1 , 2 2 1 e n o N 3 8 5 , 6 0 1 e n o N 0 0 4 , 8 3 5 6 . 9 1 4 9 . 5 1 6 0 . 5 1 9 4 . 4 1 5 2 . 3 1 9 6 . 1 1 3 2 . 0 1 2 1 . 9 8 1 . 8 0 5 . 7 3 4 . 7 9 2 . 7 3 9 . 6 7 6 . 6 2 3 . 5 8 9 . 4 4 7 . 4 3 5 . 4 0 2 . 4 2 1 . 4 2 7 . 3 1 7 . 3 5 4 . 3 6 1 . 3 1 1 . 3 6 9 . 2 7 8 . 2 0 9 0 , 2 $ - - 1 7 5 , 5 5 3 0 8 , 5 4 1 5 2 3 , 9 2 5 2 6 , 9 1 7 3 2 , 4 5 4 4 6 , 3 1 0 0 0 , 2 4 5 2 0 , 0 2 0 8 1 , 9 5 5 3 , 8 6 6 1 6 , 1 - 0 0 4 , 3 0 2 7 8 4 , 2 5 1 - 1 2 6 , 6 9 3 1 , 0 5 0 7 4 , 7 0 2 0 8 0 , 2 1 1 0 7 8 , 8 4 1 - 7 0 1 , 2 2 1 3 8 5 , 6 0 1 0 0 4 , 8 3 4 1 5 , 1 7 5 9 5 1 0 0 8 , 1 8 2 4 , 8 0 5 7 , 3 0 0 5 , 2 9 1 7 , 0 1 0 0 8 , 1 0 0 5 , 1 5 4 4 0 0 9 1 1 0 5 1 , 3 9 0 6 , 6 0 0 0 , 3 0 0 6 , 4 0 0 3 8 3 8 , 3 4 1 1 , 1 4 7 3 , 6 0 0 4 , 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 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 5 6 2 6 1 4 , 4 - 0 0 2 , 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 . 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 E - C N O R T P S I . P R O C N O R T N E I L 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 . C N I I S C N O T O H P A R E T N E C . 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 , . I O C L A C D E M S U I S L E C X E . 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 . C N I Y G O L O N H C E T K A P M A . C N I I I L A D E M O B E Y E D E R N A W A T I . 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 Y G O L O N H C E T S S A P M 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 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 . 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 S E I G O L O N H C E T N O I T A M N A 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 . D T L , . I O C H C E T O B N E G D R E M 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 k c o t S k c o t S k c o t S d n u F 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 ( 0 2 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 ( ) 0 2 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 6 5 8 , 3 7 3 $ e n o N 8 1 5 , 5 1 e n o N 8 0 0 , 3 7 e n o N 0 9 1 , 6 2 e n o N 4 3 0 , 7 7 e n o N 0 0 0 , 5 8 1 e n o N 0 5 6 , 3 2 e n o N 2 1 4 , 8 7 e n o N 6 1 4 e n o N 3 6 0 , 0 3 e n o N - e n o N 2 6 8 , 6 e n o N 0 8 4 , 7 e n o N 8 5 e n o N 5 1 7 , 9 3 e n o N 0 0 7 , 8 e n o N 3 3 4 , 9 4 1 e n o N 1 1 8 , 4 1 1 e n o N - e n o N 6 7 4 , 3 e n o N 4 9 5 , 7 2 e n o N 1 9 2 , 6 5 e n o N 6 2 3 , 9 4 e n o N 0 5 7 , 0 1 e n o N 7 5 3 , 6 e n o N 1 5 4 , 7 4 e n o N 2 2 8 , 9 4 e n o N 5 2 1 , 2 3 0 7 . 2 5 1 . 2 7 0 . 2 6 0 . 2 9 8 . 1 3 6 . 1 1 5 . 1 8 0 . 1 7 0 . 1 2 0 . 1 0 7 . 0 8 6 . 0 3 6 . 0 6 4 . 0 4 0 . 0 2 0 . 0 - - - - - - - - - - - - 6 5 8 , 3 7 3 $ 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 8 1 5 , 5 1 8 0 0 , 3 7 0 9 1 , 6 2 4 3 0 , 7 7 0 0 0 , 5 8 1 0 5 6 , 3 2 2 1 4 , 8 7 6 1 4 3 6 0 , 0 3 - 2 6 8 , 6 0 8 4 , 7 8 5 5 1 7 , 9 3 0 0 7 , 8 3 3 4 , 9 4 1 1 1 8 , 4 1 1 - 6 7 4 , 3 4 9 5 , 7 2 1 9 2 , 6 5 6 2 3 , 9 4 0 5 7 , 0 1 7 5 3 , 6 1 5 4 , 7 4 2 2 8 , 9 4 5 2 1 , 2 3 - 7 2 6 0 0 5 , 1 4 9 6 0 0 0 , 4 0 5 5 5 1 6 1 3 1 8 8 8 0 3 9 , 9 4 1 5 0 0 0 , 1 0 0 3 , 1 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 2 1 1 1 3 9 4 4 , 1 0 5 2 , 2 0 0 4 , 2 0 0 1 0 6 9 7 3 5 5 4 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 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 T L , . O C S T C U D O R P R E M U S N O C U Y G N O O F N E U Y . 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 , S L A C I T U E C A M R A H P A S O M R O F . C N I Y G O L O N H C E T 3 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 . C N I I S S E N I S U B E C V R E S G N I L B A N E - E R E C 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 R E W O P I . 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 ) . P R O C Y G R E N E . 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 . 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 L A N O I T A N R E T N I P O T L A W . C N I Y G O L O N H C E T E S I W L A T S Y R C . 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 , 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 k c o t S . D T L , . O C P U O R G Y G O L O N H C E T Y G R E N E N A U G G N O E Y s d n o b e l b i t r e v n o C . C N I Y G O L O N H C E T E S A B I s d n o b e l b i t r e v n o C . C N I E N I L N O E M O H C P s d n o b e l b i t r e v n o C . C N I P U O R G M A E T s d n o b e l b i t r e v n o C 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 I S L A R E T A M O R T C E L E H A W G N A H C s d n o b e l b i t r e v n o C United Microelectronics Corporation | Annual Report 2020 e n o N 8 0 3 , 4 2 $ e n o N 5 0 5 , 5 7 5 e n o N 2 1 1 , 8 5 7 - 0 0 . 7 3 1 . 0 8 0 3 , 4 2 $ 5 0 5 , 5 7 5 2 1 1 , 8 5 7 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 0 2 0 2 , 1 3 r e b m e c e D 0 5 2 0 0 5 , 0 1 9 7 0 , 6 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 ( 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 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 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 - - 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 . 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 . 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 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 k c o t S k c o t S 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 ( 0 2 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 e n o N 7 9 9 , 9 4 1 $ - e n o N 9 5 8 , 1 8 1 e n o N 0 2 3 , 0 8 e n o N 2 0 9 , 9 5 e n o N 0 0 2 , 6 2 3 e n o N 2 9 6 , 6 5 e n o N 0 2 4 , 9 e n o N 0 0 5 , 7 2 e n o N 4 4 9 , 4 6 1 e n o N 0 1 2 , 0 1 e n o N - e n o N 3 9 e n o N 0 1 6 , 3 0 1 e n o N 0 0 4 , 4 2 e n o N 9 6 8 , 7 9 4 e n o N 2 5 1 , 8 4 1 e n o N 7 3 5 , 6 4 e n o N - e n o N 0 5 2 , 6 4 e n o N 0 5 2 , 6 4 8 1 . 8 1 3 1 . 6 1 9 9 . 3 1 0 0 . 3 1 9 9 . 0 1 1 9 . 4 2 6 . 4 4 2 . 4 7 2 . 3 0 2 . 3 7 6 . 2 6 8 . 1 6 8 . 0 7 7 . 0 4 6 . 0 4 6 . 0 6 4 . 0 1 4 . 0 5 2 . 0 7 9 9 , 9 4 1 $ 9 5 8 , 1 8 1 0 2 3 , 0 8 2 0 9 , 9 5 0 0 2 , 6 2 3 2 9 6 , 6 5 0 2 4 , 9 0 0 5 , 7 2 4 4 9 , 4 6 1 0 1 2 , 0 1 - 3 9 0 1 6 , 3 0 1 0 0 4 , 4 2 9 6 8 , 7 9 4 2 5 1 , 8 4 1 7 3 5 , 6 4 - 0 5 2 , 6 4 0 5 2 , 6 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 , 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 5 , 0 5 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 3 1 3 3 4 , 6 0 0 2 , 1 5 3 4 , 5 - 0 0 0 , 1 - 7 1 1 3 8 1 , 3 0 0 0 , 1 2 2 4 , 1 8 7 9 , 1 5 6 3 0 7 4 , 6 0 0 0 , 1 0 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 - - - - - - - - - - - - - - - - - - - - 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 L , I I D N U F A I S A L A T I P A C I Y R E V E . . P L , D N U F A I S A L A T I P A C I Y R E V E . 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 . I P R O C S L A R E T A M E C N A V D A P U O R G H C E T I D E M A D N U S I . C N I N U S Y L L E W . . 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 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 . D T L , . O C S T C U D O R P R E M U S N O C U Y G N O O F N E U Y ) . P R O C Y G R E N E . P R O C L E E T S N E E R G R E V E . C N I , S L A C I T U E C A M R A H P A D N A H . 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 D T L T N E M N A T R E T N E G N K N W I I d n u F d n u F k c o t S d n u F 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 255 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 . D T L L A N O I T A N R E T N I E L U O J E s d n o b e l b i t r e v n o C . D T L , . O C L A T I P A C C L 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 ( ) 0 2 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 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 ( 0 2 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 ( ) 0 2 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 ( 256 . D T L , . 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C N I , E S P M Y L G s d n o b e l b i t r e v n o C 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 ( 0 2 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 e n o N 7 0 4 , 5 $ 8 1 . 1 7 0 4 , 5 $ 5 7 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 - . D T L , . I O C Y T I C R T C E L E O T O H P I A T N A I T k c o t S 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 D E T I M I L N O G A R A P O N I S e n o N 0 2 3 , 9 3 e n o N 4 6 3 , 0 0 1 $ 3 1 . 1 1 0 0 . 5 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 2 3 , 9 3 4 6 3 , 0 0 1 $ 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 ( 0 2 0 2 , 1 3 r e b m e c e D 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 ( 0 2 0 2 , 1 3 r e b m e c e D 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 D N U F S E R U T N E V L A B O L G S B A L K R A P S . . P L , I I D N U F A E R O K S B A L K R A P S d n u F d n u F 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 . 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 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 e n o N 9 4 9 , 9 2 B M R 1 7 . 9 9 4 9 , 9 2 B M R - 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 R O H N A L d n u F ) 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 ( ) 0 2 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 ( 258 . P R O C L A T I P A C C M U United Microelectronics Corporation | Annual Report 2020 e c n a l a b g n i d n E l a s o p s i D n o i t i d d A e c n a l a b g n i n n i g e B t n u o m A / ) 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 ( ) s s o L ( n i a G l a s o p s i d m o r f t s o C t n u o m A / ) 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 m A / ) 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 m A / ) 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 ( p i h s n o i t a l e R y t r a p - r e t n u 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 s e i t i r u c e s e h t f o e m a N s e i t i r u c e s f o e p y T e n o N ) 0 2 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 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 ( 5 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 ( 259 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 ) 0 2 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 ( 6 T N E M H C A T T A 260 ) 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 2020 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 l a s o p s i d f o n o s a 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 ) s s o L ( n i a G l a s o p s i d m o r f e n o N n o i t a u l a v e h T s n o i t a r e p o ' s y n a p m o c e h t e v o r p m i o t r e d r o n I e n o N N O I T U L O S E C A F R E T N I L A R E N E G 7 9 4 , 1 8 0 , 1 $ t r o p e r . s t s o c d e x i f e h t e c u d e r d n a D E T I M I L n o i t c e l l o c d e v i e c e R 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 t n u o m a 6 6 6 , 6 6 7 , 1 $ 2 4 0 , 1 0 6 $ 7 1 0 2 , 1 e n u J ~ 8 0 0 2 , 1 y r a u r b e F 0 2 0 2 , 6 1 e n u J y t i l i c a f s t i d n a t n a l p n o i t c u r t s n o C t n e m p i u q e 261 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 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 e t a d s e i t r e p o r p f o s e m a N ) 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 Y G O L O N H C E T R E W O P X E N ) 0 2 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 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 % 1 % 0 % 0 % 7 2 5 1 4 , 6 1 1 - 1 3 8 , 4 2 2 7 1 , 8 8 3 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 d n e - h t n o M s y a d 0 6 t e N s y a d 0 3 t e N % 1 % 1 % 1 % 6 3 1 4 9 , 5 2 2 , 1 9 1 4 , 0 2 2 , 1 0 8 1 , 3 8 1 , 1 1 8 9 , 7 5 3 , 9 4 $ 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 e t a i c o s s A y r a i d i s b u S y r a i d i s b u S h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 % 7 % 4 % 1 % 8 8 8 3 0 , 0 9 1 2 7 0 , 6 1 5 1 8 , 8 4 6 1 , 1 D S U D S U D S U D S U 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 6 t e N s y a d 0 6 t e N % 3 % 2 % 0 % 5 9 5 3 3 , 3 4 6 4 5 , 3 3 0 6 6 , 4 8 9 1 , 6 1 6 , 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 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 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 e t a i c o s s A h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 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 % 9 % 1 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 0 0 7 , 0 7 3 3 8 3 , 7 8 9 , 3 t n u o m A 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 h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 % 0 % 2 - - 9 0 1 3 9 5 , 7 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 % 1 % 1 1 5 0 , 9 3 1 5 6 1 , 2 3 0 5 7 , 4 2 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 h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 % 1 % 2 1 7 2 4 , 7 5 5 3 3 , 5 B M R B M R 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 % 7 % 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 2 0 4 , 6 2 2 3 5 0 , 5 3 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 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 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 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 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 A P A J 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 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 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 ) A S U ( 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 A P A J 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 ) A S U ( P U O R G C M U h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 % 6 1 8 2 7 , 3 6 6 , 1 Y P J 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 0 9 6 , 4 5 0 , 5 Y P J 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 h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t s n o i t c a s n a r T ) 0 2 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 ) 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 262 United Microelectronics Corporation | Annual Report 2020 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 3 7 1 6 2 2 , 2 1 1 n i n o i t c e l l o C 9 8 5 1 . 2 1 5 1 4 , 6 1 1 d o i r e p t n e u q e s b u s 9 1 6 , 4 1 $ 1 9 7 , 2 0 4 , 5 $ - - $ 2 7 . 8 2 7 1 , 8 8 3 , 5 $ - $ - 5 1 4 , 6 1 1 2 7 1 , 8 8 3 , 5 $ - $ - y r a i d i s b u S ) A S U ( P U O R G C M U 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 . 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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 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 2 9 B M R 1 1 6 , 5 2 B M R - - $ 5 9 . 6 7 2 4 , 7 5 B M R - $ 7 2 4 , 7 5 B M R - $ e t a i c o s s A ) A S U ( P U O R G C M 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 - $ 8 2 7 , 3 6 6 , 1 Y P J - - $ 3 1 . 6 8 2 7 , 3 6 6 , 1 Y P J - $ 8 2 7 , 3 6 6 , 1 Y P J - $ e t a i c o s s A ) A S U ( P U O R G C M U . D T L , . O C N A P A J R O T C U D N O C I M E S D E T I N U ) 0 2 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 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 0 2 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 ( ) 0 2 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 ( 264 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 3 3 8 6 6 $ , 3 3 8 , 6 6 $ , 1 8 1 2 2 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 1 6 4 1 6 4 4 2 6 5 3 1 , . 0 0 0 0 1 9 1 2 4 , 5 D S U 1 2 4 , 5 8 7 7 3 5 5 , 7 8 0 , 2 5 5 , 0 2 6 7 8 0 4 , 0 0 . 0 0 1 3 6 6 1 7 , 0 0 5 , 1 8 D S U 0 0 5 , 1 8 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 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 s e l a S C I A S U ) A S U ( P U O R G C M U 4 2 1 1 , 7 8 4 6 2 , 3 1 5 0 2 , , 3 2 8 5 0 0 2 , 4 2 1 , 1 7 8 4 6 2 , 3 1 5 0 2 , 3 2 8 , 5 0 0 , 2 4 3 8 1 2 , 7 1 3 , 5 8 5 3 5 3 , 2 4 1 0 0 . 0 0 1 0 1 1 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 l a t i p a c 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 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 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 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 , 2 2 3 6 2 9 2 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 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 L A N O I T A N R E T N I E T I L E T S E B 2 4 5 , 4 5 1 2 4 5 4 5 1 , 5 6 7 , 8 6 6 7 1 , 0 0 . 0 0 1 7 4 2 6 1 1 , 8 6 0 , 1 2 4 , 4 6 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 9 1 0 6 5 , 5 0 5 , 4 9 0 4 , 3 2 2 8 3 7 3 3 2 , , 7 8 1 0 9 7 5 , 1 4 7 5 , 9 8 9 9 3 1 , 5 4 5 8 6 , 6 4 5 0 2 , 5 2 9 1 3 5 , 5 4 3 , 4 8 5 4 4 4 , 3 5 4 4 7 6 1 4 , 2 7 8 , 6 6 8 5 1 , 1 e t o N 0 0 4 3 1 , 0 0 4 3 1 , 5 5 0 6 5 2 , 2 9 4 , 4 1 9 , 1 2 e t o N 6 9 5 , 1 1 5 , 6 7 3 1 7 0 1 , 4 3 4 4 7 3 , 6 6 9 6 2 , 5 8 1 , 3 2 8 , 9 6 1 8 8 4 2 , , 3 6 5 5 6 1 0 1 , , 6 3 1 1 5 5 6 , 8 4 4 , 9 8 5 , 1 , 7 7 3 7 0 1 9 , - - 5 7 0 8 . 4 4 5 4 . 0 0 2 4 . 0 0 0 4 . 9 4 6 3 . 7 8 0 3 . 8 7 3 1 . 6 3 3 1 . - - 2 1 1 8 4 1 , 0 6 6 , 4 9 8 , 1 1 4 7 , 3 0 9 , 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 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 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 t i u c r i c 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 8 2 4 3 2 , 0 0 0 , 0 7 3 , 2 0 0 8 , 2 4 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 2 0 1 , 4 6 3 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 6 3 1 , 6 9 1 5 6 5 , 8 3 4 , 2 5 6 5 , 8 3 4 , 2 B C P f o g n i r u t c a f u n a M n a w i a T , y t i C n a u y o a T . t i u c r i c P R O C Y G O L O N H C E T N O R C M N U I I - - 1 9 7 , 6 5 9 , 5 0 0 0 , 0 6 Y P J - - s e i r e t t a b 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 l a S C I n a p a J N A P A J P U O R G C M U . y n a p m o c g n i v i v r u s e h t s i C J S U d n a ) C J S U ( . 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 h t i I w d e g r e m s a w N A P A J P U O R G C M U , 0 2 0 2 , 1 r e b m e v o N f o s A : 1 e t o N . 0 2 0 2 , 1 1 r e b m e v o N n o d e t a d i u q i l d n a d e v l o s s i d s a w . P R O C Y G O L O N H C E T R E W O P X E N : 2 e t o N 8 7 6 8 2 7 , 4 0 6 , 1 4 7 , 1 2 8 0 0 4 5 , . 0 0 0 0 1 4 3 7 1 0 4 , 3 5 0 , 0 4 4 , 3 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 ) 1 6 0 , 2 ( ) 1 6 0 2 ( , 1 6 9 9 3 , . 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 , ) 2 4 5 2 6 0 3 ( , ) 2 4 5 , 2 6 0 , 3 ( 2 2 6 4 9 2 , 2 2 6 , 4 9 2 , 2 0 7 6 6 1 0 1 , , 3 3 9 6 6 5 4 , . 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 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 . 0 0 0 0 1 7 6 1 , 0 0 4 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 United Microelectronics Corporation | Annual Report 2020 , ) 6 8 5 0 1 ( $ , ) 6 8 5 0 1 ( $ 0 6 6 , 2 6 $ 0 0 . 0 0 1 5 5 6 , 8 1 2 5 7 , 0 0 1 $ 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 0 2 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 ( ) 0 2 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 3 e t o N - - 1 e t o N 2 9 3 3 1 , 2 e t o N 5 3 5 , 8 5 3 0 5 4 5 4 5 8 6 , 7 3 6 4 7 , , 6 7 3 1 7 0 1 , ) 9 5 9 ( ) 7 5 1 , 2 ( ) 8 2 4 7 2 ( , , ) 4 0 1 9 0 1 ( 6 0 2 6 , 6 2 0 6 9 , 4 5 9 , 3 - - - 5 4 4 4 . 4 1 5 2 . 5 6 0 . - - - 0 0 0 1 , 0 0 0 , 0 1 0 0 0 , 0 1 2 5 7 , 0 0 1 $ 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 & 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 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 0 0 5 2 2 , 0 0 5 , 2 2 D S U 0 0 5 , 2 2 D S U 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 4 9 1 1 , 6 5 8 , 8 6 5 8 , 8 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 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 0 5 , 7 7 2 0 3 6 , 8 8 6 , 1 0 0 9 , 5 R U E - - - 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 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 . 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 0 2 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 . 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 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 m o r f d e i f i s s a l c e r s a w e e t s e v n i e h t , 0 2 0 2 l i r p A n i e c n e u l f n i t n a c i f i n g i s s t i t s o l . 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 s A : 1 e t o N . 0 2 0 2 , 1 1 r e b m e v o N n o d e t a d i u q i l d n a d e v l o s s i d s a w . P R O C Y G O L O N H C E T R E W O P X E N : 2 e t o N . 0 2 0 2 r e b m e c e D n i d e s o p s i d s a w H B M G N E I L I B O M M I I O C A N W I : 3 e t o N e t o N 1 9 0 , 0 3 1 ) 2 2 2 2 ( $ , 6 7 9 2 2 , ) 4 8 8 5 ( , ) 2 2 2 2 ( $ , 5 3 9 6 5 , ) 3 6 7 1 3 ( , , 6 7 3 1 7 0 1 , 4 7 1 8 $ , 5 7 6 , 5 9 1 - 1 4 9 . 0 0 0 0 1 - 0 0 0 4 . 8 9 3 2 . 0 0 9 0 0 0 8 , 1 5 2 4 , - 0 0 9 0 0 0 , 6 6 1 9 , 5 9 9 1 0 , 8 8 8 D S U 0 0 9 D S U 0 0 0 , 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 - 6 1 9 , 5 9 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 . 0 2 0 2 , 1 1 r e b m e v o N n o d e t a d i u q i l d n a d e v l o s s i d s a w . P R O C Y G O L O N H C E T R E W O P X E N : e t o N . 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 0 2 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 e t o N ) 0 ( D S U ) 0 ( D S U - - 4 1 4 D S U 9 7 9 4 , D S U 5 5 1 , 6 D S U 8 3 0 1 . - - 6 3 0 , 4 0 0 2 D S U 6 3 0 , 4 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 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 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 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 0 2 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 v l o s s i d s a w ) A S U ( L A T I P A C C M U , 0 2 0 2 , t s u g u A n I : 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 e t o N - 1 8 2 2 $ , - 1 8 2 2 $ , - 6 2 3 1 4 $ , - . 0 0 0 0 1 - 0 5 7 0 5 7 0 6 1 , 2 D S U 0 5 7 D S U 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 R U E - t c e j o r p r a l o S 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 . 0 2 0 2 r e b m e c e D n i d e s o p s i d s a w H B M G N E I L I B O M M I I O C A N W I : e t o N 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 0 2 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 ( 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 0 2 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 ) A S U ( 5 5 1 $ 5 5 1 $ 8 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 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 ) 3 0 5 3 ( $ , ) 3 0 5 3 ( $ , 6 2 0 3 $ , 0 0 . 0 0 1 0 5 6 1 , 0 0 5 , 1 D S U 0 5 6 , 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 0 2 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 ( ) 0 2 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 K E T E V A W 266 8 9 7 , 4 1 0 2 $ , 8 9 7 4 1 0 , , 2 $ , 7 7 6 6 7 9 2 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 0 2 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 Y G O L O N H C E T E N I H S O F N I , 8 9 7 4 1 0 2 $ , , 8 9 7 4 1 0 2 $ , , 7 7 6 6 7 9 2 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 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 0 2 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 2 2 4 1 $ , 9 6 3 4 3 , 2 2 4 1 $ , 9 6 3 4 3 , 5 5 6 , 4 3 $ 6 4 1 , 1 4 5 . 0 0 0 0 1 0 0 0 0 , 1 D S U 0 0 0 , 1 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 0 0 . 0 0 1 0 0 0 9 , 0 0 0 , 9 D S U 0 0 0 , 9 D S 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 ) I A N R O F I L A C ( e t o N 8 1 8 1 - - ) 5 1 2 ( ) 5 1 2 ( 8 7 6 8 , . 0 0 0 0 1 4 - 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 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 0 5 9 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 D E T I M I L L A B O L G I N M O . d e v l o s s i d s a w ) K R O Y W E N ( 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 , 0 2 0 2 , r e b m e v o N n I : e t o N D E T I M I L H T R A E N E E R G ) K R O Y W E N ( 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 0 2 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 1 3 1 6 0 3 ( $ , ) 6 1 3 , 1 6 0 3 ( $ , 8 1 3 , 1 4 1 , 0 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 United Microelectronics Corporation | Annual Report 2020 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 0 2 0 2 , 1 3 r e b m e c e D 0 2 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 0 2 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 0 2 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 ) 0 2 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 ( - $ ) 2 9 3 , 4 5 6 8 , 4 2 1 D S U ( 4 0 0 , 8 $ 7 8 8 , 0 4 ) i i i ( ) 5 8 1 , 2 ( $ ) i i ( 2 3 3 , 2 % 0 0 . 0 0 1 ) 5 8 1 , 2 ( $ % 0 0 . 0 0 1 2 3 3 , 2 - - - - ) i i ( 8 4 8 , 4 4 ) 8 9 2 , 0 1 B M R ( ) ) 8 3 3 , 6 1 ( B M R ( ) 2 5 1 , 1 7 ( % 4 1 . 5 2 ) 1 3 0 , 3 8 2 ( ) ) 0 9 9 , 4 6 ( ) i i ( 4 1 4 , 1 6 2 , 2 2 ) 1 9 6 , 1 1 1 , 5 B M R ( ) 2 7 8 , 7 7 4 B M R ( ) 4 e t o N ( 3 3 1 , 1 8 0 , 2 % 5 8 9 9 . 9 9 3 6 1 , 1 8 0 , 2 ) 9 7 8 , 7 7 4 0 7 7 , 7 8 7 , 8 B M R ( ) 2 0 1 , 9 0 3 D S U ( ) i i ( 8 0 6 , 2 9 2 ) 9 8 1 , 7 6 B M R ( ) 1 1 2 , 5 1 B M R ( 4 4 2 , 6 6 % 5 8 9 9 . 9 9 4 4 2 , 6 6 ) 1 1 2 , 5 1 B M R ( - 7 8 3 , 0 9 5 , 4 1 ) 1 6 2 , 0 5 3 , 3 ) 7 1 4 , 7 2 0 , 4 ( % 6 7 . 7 6 ) 4 4 7 , 2 5 1 , 6 ( 3 8 9 , 3 3 4 , 7 2 B M R ( ) ) 0 8 7 , 4 2 9 ( B M R ( ) ) 0 0 8 , 2 1 4 , 1 ( B M R ( ) 6 6 9 , 4 6 9 D S U ( ) i i ( ) 5 e t o N ( ) 0 0 8 4 4 7 , 2 2 $ ) 0 5 7 3 2 3 , 1 2 7 0 7 , 5 7 5 D S U ( D S U ( B M R ( ) 0 5 2 , 0 2 D S U ( - $ - $ - - - - - - - - - - ) 0 0 8 4 4 7 , 2 2 $ ) 0 5 7 3 2 3 , 1 2 7 0 7 , 5 7 5 ) 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 4 7 , 2 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 3 , 1 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 1 , 8 8 3 , 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 0 7 7 , 7 8 7 , 8 ) 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 ( 5 5 7 , 7 9 6 , 3 1 ) 4 9 2 , 5 4 1 , 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 5 6 , 0 3 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 3 8 9 , 3 3 4 , 7 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 , 3 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 9 8 , 3 5 6 , 9 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 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 : 4 e t o N . 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 . 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 , 0 2 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 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 n a s u o h t 9 4 3 , 2 2 7 , 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 t i m e r n e e b t e y t o n s a h d n a s u o h t 8 3 1 , 7 5 3 D S U t n e m t s e v n i f o t n u o m a e h t , 0 2 0 2 , 1 3 r e b m e c e D f o s A 267 8 4 8 , 5 9 3 , 1 4 1 $ 3 2 0 , 1 9 4 , 0 6 $ ) 8 1 7 , 7 2 1 , 2 D S U ( 7 2 5 , 1 4 8 , 6 3 $ ) 8 6 8 , 5 9 2 , 1 D S U ( . ) 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 ( 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 0 2 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 Financial Review f o e g a t n e c r e P p i h s r e n w o ) % ( s e r a h s f o r e b m u N e m a N 2 1 . 5 5 2 2 , 3 1 3 , 6 3 6 s R D A f o s r e d l o h e h t o t e v i t a t n e s e r p e r d n a y r a t i s o p e d s a y t i c a p a c s t i n i g n i t c a . A N . , k n a B e s a h C n a g r o M P J 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 2 0 2 , 1 3 r e b m e c e D f o s a s r e d l o h e r a h s r o j a m f o n o i t a m r o f n I ( 2 1 T N E M H C A T T A 268 United Microelectronics Corporation | Annual Report 2020 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 , 9 1 0 2 d n a 0 2 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 , 9 1 0 2 d n a 0 2 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 , 9 1 0 2 d n a 0 2 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 , 9 1 0 2 d n a 0 2 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 i e s e n 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 . . 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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 9 1 0 2 D N A 0 2 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 0 2 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 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 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 s t n e m e t a t S i l a i c n a n 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 s t n e m e t a t S i l a i c n a n F y l n O y n a p m o C e h t s A . n o i l l i m 8 3 8 , 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 , 0 2 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 f o e r u t a n l a t n e m g d u j e h t 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 e n i m r e t e d o t y g o l o d o h t e m 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 e t a u l a v e , s r e h t o t s g n o m a l a c i r o t s i h o t 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 r a p m o c , s e g a t n e c r e p e v r e s e r y r o t n e v n i d n a g n i g a n i d e s u 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 t s e t d n a s e i t i v i t c a f f o - e t i r w d n a e g a s u 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 d e t a l u c l a c e r o s l a e W . n o i t a n i m r e t e d h c u s . 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 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 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 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 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 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 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 , 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 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 e h t m o r f 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 , 9 1 0 2 d n a 0 2 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 n o i l l i m 3 4 6 , 6 $ 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 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 e h t f o % 5 8 . 2 1 d n a % 7 2 . 2 2 g n i t n e s e r p e r , n o i l l i m 4 7 1 , 1 $ T N d n a 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D d e d n e 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 m o c n i e v i s n e h e r p m o c e h t f o % 6 0 . 9 d n a % 4 0 . 8 g n i t n e s e r p e r , n o i l l i m 9 8 1 , 1 $ T N d n a n o i l l i m 4 1 7 , 2 $ T N . 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 , 9 1 0 2 d n a 0 2 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 m o c n i : o s l a e W . t i d u a f o % 8 6 . 3 d n a % 4 1 . 9 g n i t n e s e r p e r , n o i l l i , m 2 3 1 1 1 $ T N d n a n o i l l i , m 5 3 1 9 2 $ T N o t d e t n u o m a d o h t e m United Microelectronics Corporation | Annual Report 2020 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 0 2 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 1 2 0 2 , 4 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 9 1 0 2 0 2 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 9 1 0 2 d n a 0 2 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 9 6 7 4 , 8 6 6 0 9 2 , 6 0 1 , 6 3 9 3 8 6 6 , 7 2 2 9 1 , , 9 0 1 7 2 7 1 , , 9 0 0 0 0 9 2 1 , , 2 1 1 5 0 3 6 1 , , 8 1 7 1 5 0 1 , - 4 9 0 1 1 1 , , 8 1 5 2 6 6 4 1 , , 9 3 7 6 4 5 5 , , 0 3 4 0 9 0 1 , 3 6 5 7 1 , 2 6 2 , 8 3 8 6 1 , , 6 3 8 4 3 5 6 6 , $ 6 9 8 , 9 4 0 9 6 , $ , 6 2 5 1 9 6 1 , , 1 9 7 4 4 0 1 , , 0 8 6 9 2 2 1 , 9 9 2 6 6 8 , , 7 0 1 , 2 5 7 5 4 4 4 , 6 6 9 , 4 5 5 3 1 , 7 7 9 7 6 9 , , 2 2 1 , 4 2 7 4 1 9 4 , , 7 9 5 8 8 3 4 1 , , 9 0 5 6 0 5 0 8 , , 9 9 9 1 6 2 3 , , 5 4 4 6 8 4 9 7 , , 6 2 8 2 8 0 4 , , 9 3 6 0 5 9 9 , 4 2 6 , 6 3 7 8 9 , 2 7 2 , 0 4 6 6 6 , , 9 0 2 3 2 8 2 , , 3 7 3 7 6 1 4 , 9 9 6 7 2 , 4 1 4 2 5 5 , , 9 7 8 8 1 6 5 , , 0 1 0 2 2 4 4 , 7 6 5 , 3 3 5 , 2 9 3 2 3 5 2 , , 5 8 2 3 5 2 2 , , 9 3 5 9 6 4 1 , , 5 6 6 4 8 8 4 9 1 , , 9 8 0 0 3 9 5 9 1 , , 4 6 9 0 5 7 2 0 3 , $ , 6 6 0 8 9 8 8 1 3 , ) 2 ( 6 , 5 , 4 ) 0 2 ( 6 , 4 ) 1 ( 6 , 4 ) 3 ( 6 , 4 7 , 4 4 4 4 ) 4 ( 6 , 5 , 4 ) 0 2 ( 6 , ) 7 ( 6 ) 2 ( 6 , 5 , 4 ) 5 ( 6 , 5 , 4 7 , ) 6 ( 6 , 4 7 , ) 8 ( 6 , 5 , 4 7 , ) 0 1 ( 6 , 4 ) 5 2 ( 6 , 5 , 4 ) 9 ( 6 , 4 8 $ ) 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 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 e l b i g n 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 2020 9 1 0 2 0 2 0 2 , 1 3 r e b m e c e D f o s A 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 Y L N O Y N A P M O C T N E R A P 9 1 0 2 d n a 0 2 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 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 - 0 5 8 , 5 5 3 , 1 4 2 0 , 7 4 5 0 7 5 , 8 0 0 , 6 2 5 9 , 0 8 5 , 0 1 0 6 7 , 7 4 0 , 2 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 5 0 4 , 6 7 4 , 1 - 1 1 2 , 3 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 6 2 3 , 2 6 4 0 , 3 2 7 1 6 3 , 8 1 5 , 5 3 1 5 , 9 3 6 , 3 1 1 6 7 , 1 6 0 , 3 3 7 8 , 4 2 7 1 5 7 , 4 4 2 0 1 9 , 9 9 9 , 2 3 2 6 , 3 2 4 , 1 4 1 0 , 2 2 6 , 9 2 0 8 4 , 6 5 4 4 7 4 , 0 9 6 , 6 1 0 0 0 , 0 0 5 , 7 5 9 5 , 8 7 1 , 1 3 1 8 , 6 8 5 , 2 4 5 6 , 2 6 1 , 4 3 7 9 , 2 6 1 7 1 3 , 8 7 8 , 0 2 6 0 3 , 6 1 6 , 3 5 0 2 3 , 8 3 2 , 3 8 - 5 1 0 , 4 2 2 , 4 2 1 7 5 4 , 6 6 4 4 6 6 , 0 4 3 , 3 2 6 9 , 9 0 8 , 6 3 - - 0 8 8 , 3 9 4 0 5 , 8 8 1 8 0 , 1 4 2 6 6 6 , 0 7 1 , 2 6 2 5 , 6 3 5 , 2 1 4 1 3 , 2 2 0 , 1 1 0 2 5 , 7 1 6 , 6 5 9 2 2 , 6 2 7 , 3 ) 5 9 3 , 7 6 6 , 3 ( ) 1 0 8 , 9 1 1 ( ) 6 7 8 , 0 9 8 , 1 1 ( 6 4 7 , 9 5 6 , 5 3 2 $ 0 5 8 , 3 8 2 , 1 $ 7 , ) 7 2 ( 6 , ) 7 1 ( 6 , ) 6 1 ( 6 ) 7 2 ( 6 , ) 4 1 ( 6 , ) 3 1 ( 6 ) 7 2 ( 6 , ) 9 ( 6 ) 7 2 ( 6 , ) 3 1 ( 6 ) 0 2 ( 6 7 4 , 4 , 4 , 4 , 4 , 4 ) 4 ( 9 , ) 7 2 ( 6 , ) 6 1 ( 6 , 4 ) 7 2 ( 6 , ) 9 ( 6 ) 5 2 ( 6 , 5 ) 5 1 ( 6 , 5 , 4 , 4 , 4 ) 7 2 ( 6 , ) 4 1 ( 6 ) 7 2 ( 6 ) 7 2 ( 6 , ) 1 1 ( 6 ) 2 1 ( 6 ) 0 2 ( 6 , 4 , 4 ) 9 1 ( 6 , ) 8 1 ( 6 , ) 3 1 ( 6 , 4 ) 8 1 ( 6 , ) 3 1 ( 6 , 4 ) 8 1 ( 6 ) 9 1 ( 6 , 4 ) 9 1 ( 6 , ) 8 1 ( 6 , 4 4 6 9 , 0 5 7 , 2 0 3 $ 6 6 0 , 8 9 8 , 8 1 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 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 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 s e e y o l p m e r o f k c o t s d e t c i r t s e R 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 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 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 n i a t e R 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 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 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 i t i l i b a i l t n e r r u C 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 , 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 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 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 n o i t a s n e p m o c e e y o l p m e d e n r a e n U 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 k c o t s y r u s a e r T y t i u q e l a t o 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, 2020 and 2019 (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 impairment gains (losses) Subtotal Net other operating income and expenses Operating income Non-operating income and expenses Interest income 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 Exchange loss, net Subtotal Income from continuing operations before income tax Income tax (expense) 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 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 income (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, net of tax Total comprehensive income Earnings per share (NTD) Earnings per share-basic Earnings per share-diluted For the years ended December 31, Notes 2020 2019 4, 6(20), 7 4, 6(4), 6(10), 6(15), 6(19), 6(20), 6(21), 7 4, 6(3), 6(10), 6(15), 6(19), 6(21), 7 $ 135,280,403 (96,228,137) $ 123,622,436 (96,461,206) 39,052,266 27,161,230 4, 6(16), 6(22), 7 4 4 4, 6(23), 9(5) 6(23) 4, 6(6) 6(6) 4,12 4,12 4, 5, 6(25) 6(24) 4, 5, 6(15) (3,075,837) (4,388,589) (9,536,311) 472,167 (2,870,050) (3,791,439) (9,719,780) (689,095) (16,528,570) (17,070,364) 935,334 191,108 23,459,030 10,281,974 426,172 539,709 (1,116,244) (609,520) 8,022,897 - - (887,372) 6,375,642 29,834,672 (645,183) 29,189,489 584,052 619,123 1,017,178 (861,601) (2,872,245) 171,585 193,033 - (1,148,875) 9,133,099 574,515 9,707,614 (192,581) 4,574,491 106,403 5,605,384 3,065,086 1,112,547 4, 5, 6(25) 54,424 (158,260) 4, 5, 6(25) 4, 6(26) (2,920,173) (64,686) (1,045,504) (2,204,824) 42,320 8,252 4,558,881 3,423,998 $ 33,748,370 $ 13,131,612 $ 2.42 $ 0.82 $ 2.35 $ 0.76 The accompanying notes are an integral part of the parent company only financial statements. 274 United Microelectronics Corporation | Annual Report 2020 $ ) 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 $ y t i u q E l a t o T k c o t S y r u s a e r T n o i t a s n e p m o C d e n r a e n U e e y o l p m 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 g n i g d e H n o s t n e m u r t s n I d e r u s a e M s t e s s A e g n a h c x E e u l a V r i a F t a r e h t O h g u o r h t e v i s n e h e r p m o C e m o c n I 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 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 $ 7 8 1 , 3 4 2 , 4 2 1 $ k c o t S n o m m o C s e t o N ) 8 1 ( 6 ) 0 4 9 , 3 1 5 , 4 1 ( 0 4 9 , 3 1 5 , 4 1 - - ) 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 - ) 1 0 1 , 1 2 ( 5 8 4 , 9 ) 1 7 4 , 0 4 4 , 3 ( - - - - - - - - - - - - - ) 8 9 4 , 9 5 8 , 2 ( 7 2 1 , 7 8 3 , 8 7 5 3 , 4 0 8 , 6 0 2 ) 1 0 8 , 9 1 1 ( 1 6 3 , 5 4 0 , 6 0 2 $ ) 0 3 4 , 7 4 6 , 5 ( $ - ) 5 5 1 , 5 6 7 , 9 ( - 9 8 4 , 9 8 1 , 9 2 1 8 8 , 8 5 5 , 4 0 7 3 , 8 4 7 , 3 3 8 3 2 , 9 3 6 , 2 3 8 2 , 0 1 5 , 6 - - - - - - - ) 8 8 3 , 9 2 ( ) 9 7 8 , 6 0 1 ( - 7 2 9 , 2 1 ) 0 5 8 , 7 1 8 ( ) 5 8 8 , 7 5 6 , 1 ( - - - - - - ) 2 7 2 , 8 7 6 , 1 ( ) 2 7 2 , 8 7 6 , 1 ( - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2 7 2 , 8 7 6 , 1 ) 5 9 3 , 7 6 6 , 3 ( - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8 5 0 , 2 - 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 - - - - - - - - 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 ( - - - - ) 4 5 6 , 7 8 3 ( - - 3 0 9 , 1 5 5 - - - - - - - - - - - - - - - ) 8 7 3 , 3 3 ( - ) 5 6 3 , 5 2 8 , 1 ( - - - - - - - - - ) 7 7 9 , 3 7 0 , 2 ( ) 7 3 3 , 8 4 9 , 8 ( - - - - - - - - 9 4 9 , 8 5 6 , 7 9 4 9 , 8 5 6 , 7 ) 9 3 5 , 2 4 9 , 2 ( ) 9 3 5 , 2 4 9 , 2 ( ) 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 ( 1 6 7 , 3 3 7 , 4 3 ) 7 4 9 , 3 6 9 ( ) 5 5 1 , 5 6 7 , 9 ( 6 2 6 , 1 9 4 , 3 9 8 4 , 9 8 1 , 9 2 ) 9 2 5 , 7 5 1 ( 0 6 9 , 1 3 0 , 9 2 - - - - 8 7 3 , 3 3 - ) 2 3 6 , 6 1 8 ( 5 6 3 , 5 2 8 , 1 ) 6 3 8 , 2 5 9 ( - - - - - - - - - - - - - - - $ 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 , 7 ( - - - - - - - - - - - - - - ) 6 2 6 , 1 9 4 , 3 ( - - - - - - - - - - - - - - 7 4 9 , 3 6 9 - - - - - - - ) 8 8 3 , 9 2 ( 1 6 0 , 8 2 6 , 2 6 6 3 , 2 6 8 , 1 ) 9 7 8 , 6 0 1 ( - ) 8 1 2 , 1 ( 7 2 9 , 2 1 ) 9 4 0 , 5 0 7 ( - - - - - - - ) 1 1 6 , 2 3 3 ( - - - - - - 0 0 3 , 0 0 0 , 2 8 2 5 , 0 8 9 , 4 - - - - - - - - - - - - - - - . 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 ) 8 1 ( 6 , ) 3 1 ( 6 , 4 ) 9 1 ( 6 , 4 ) 8 1 ( 6 , 4 ) 5 ( 6 4 6 4 7 , 9 5 6 , 5 3 2 $ ) 1 0 8 , 9 1 1 ( $ ) 5 9 3 , 7 6 6 , 3 ( $ $ 9 2 2 , 6 2 7 , 3 $ ) 6 7 8 , 0 9 8 , 1 1 ( $ 0 2 5 , 7 1 6 , 6 5 $ 4 1 3 , 2 2 0 , 1 1 $ 6 2 5 , 6 3 5 , 2 1 $ 4 1 2 , 1 1 2 , 3 4 $ $ 5 1 0 , 4 2 2 , 4 2 1 $ ) 8 1 ( 6 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 9 1 0 2 d n a 0 2 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 ( 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 1 ( 6 , ) 3 1 ( 6 , 4 ) 9 1 ( 6 , 4 ) 8 1 ( 6 , 4 ) 8 1 ( 6 , 4 ) 5 ( 6 4 ) 8 1 ( 6 ) 8 1 ( 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 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 g n i n r a e d e n i a t e r 9 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 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 d e s r e v e r 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 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 ) 4 2 ( 6 0 2 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 0 2 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 ) 4 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 ) 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 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 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 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 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 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 d o h t e m y t i u q e g n i s 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 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 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 0 2 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 ) 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 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, 2020 and 2019 (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 impairment (gains) losses Net gain 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 subsidiaries, associates and joint ventures Gain on disposal of property, plant and equipment Gain on disposal of investments 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 refunded (paid) For the years ended December 31, 2020 2019 $ 29,834,672 $ 9,133,099 28,330,741 2,029,391 (472,167) (828,003) 562,082 (426,172) (539,709) 959,219 (8,022,897) (249,572) (499) (71,664) - (1,410,008) 19,860,742 199,655 (9,980) (525,464) (123,130) (752,559) (272,585) (71,566) (21,960) 190,417 (413,353) 2,926,889 (176,758) (55,300) 10,750 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) - 50,600,470 45,819,457 468,405 972,612 (408,427) 517,370 552,382 715,515 (391,559) (253,547) Net cash provided by operating activities 52,150,430 46,442,248 (continued) 276 United Microelectronics Corporation | Annual Report 2020 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, 2020 and 2019 (Expressed in Thousands of New Taiwan Dollars) Cash flows from investing activities: Acquisition of financial assets at fair value through profit or loss Proceeds from disposal of financial assets at fair value through other comprehensive income or loss Acquisition of investments accounted for under the equity method Proceeds from capital reduction of investments 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 financial assets Decrease in other financial assets 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 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, 2020 2019 $ (172,452) $ - - (9,082) 27,200 44,466 (16,485,610) 750,000 (15,629,312) (10,966,528) 482,602 (18,308) 296,368 (2,113,720) 3,204,940 (1,891,020) 20,230 (16,645,591) 3,955,778 (7,049) - 323,807 (248,459) 268,717 (1,253,320) - (2,112,818) 51,862 - - (15,074) 8,786 (28,499,416) (29,634,171) 1,918,175 (1,912,310) (323,743) (13,702,875) 13,000,000 (8,900,000) 142,298 (172,566) (9,765,694) (1,678,272) 1,677,900 2,120 (19,714,967) (1,420,987) 2,515,060 66,534,836 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 $ 69,049,896 $ 66,534,836 The accompanying notes are an integral part of the parent company only financial statements. 277 Financial Review 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 , ) ” 7 S R F 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 , ) ” 9 3 S A I “ ( ” t n e m e r u s a e M l a i c n a n i F “ 9 S R F I o t s t n e m d n e m A ( 2 e s a h P - 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 . a 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 s t c e f f e e h t o t e t a l e r y l n i a m s t n e m d n e m a e s a h p l a n i f e h T ) 6 1 S R F I ( ” s e s a e L “ 6 1 S R F I d n a ) ” 4 S R F I “ ( ” s t c a r t n o C e c n a r u s n I “ 4 S R F I l l i w t u b , m r o f e r e h t y b d e r i u q e r s a s w o l f h s a c l a u t c a r t n o c o t s e g n a h c r o f s t n e m u r t s n i e v i t a n r e t l a e h t o t e g n a h c e h t t c e l f e r o t e t a r t s e r e t n i e v i t c e f f e e h t e t a d p u d a e t s n i l a i c n a n i f 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 r o e s i n g o c e r e d o t e v a h t o n l l i w y n a p m o c A . i : s t n e m e t a t s l a i c n a n i f ’ s e i n a p m o c e h t n o m r o f e r ; a i r e t i r c g n i t n u o c c a e g d e h r e h t o s t e e m e g d e h e h t f i , m r o f e r e h t y b d e r i u q e r s e g n a h c s e k a m t i e s u a c e b y l e l o s g n i t n u o c c a e g d e h s t i e u n i t n o c s i d o t e v a h t o n l l i w y n a p m o c A . i i ; e t a r k r a m h c n e b e h t m o r f g n i s i r a s k s i r w e n t u o b a n o i t a m r o f n i e s o l c s i d o t d e r i u q e r e b l l i w y n a p m o c A . i i i . s e t a r k r a m h c n e b e v i t a n r e t l a o t n o i t i s n a r t e h t s e g a n a m t i w o h d n a m r o f e r d n a y b d e s r o d n e d n a B S A I y b d e u s s i e r e w 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 n o i t n e m e v o b a e h T . 1 2 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 r o f e l b a c i l p p a e r a y e h t t a h t o s C S 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 o n e v a h e v o b a d e t s i l 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 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 t e y t o n t u b ) ” 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 : 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 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 ) 3 ( y b d e u s s i e t a D e v i t c e f f E B S A I y b d e n i m r e t e d e b o T 8 2 S A I 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 “ 0 1 S R F I B S A 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 d e d n e m A r o d e s i v e R , w e N 3 2 0 2 , 1 y r a u n a J 3 2 0 2 , 1 y r a u n a J 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 “ 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 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 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 o t s t n e m d n e m A t n e r r u c - n o N 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 c a r t n o C e c n a r u s n I “ 7 1 S R F I 2 2 0 2 , 1 y r a u n a J g n i d u l c n i , S R F I f o s t n e m d n e m a e p o c s - w o r r a N : 0 2 0 2 – 8 1 0 2 s d r a d n a t S S R F I o t s t n e m e v o r p m I l a u n n A , 6 1 S A I o t s t n e m d n e m A , 3 S R F I o t s t n e m d n e m A 7 3 S A I o t s t n e m d n e m A 2 2 0 2 , 1 y r a u n a J f o n o i t p o d A e m i t - t s r i F “ 1 S R F I o t s t n e m d n e m A 2 2 0 2 , 1 y r a u n a J 2 2 0 2 , 1 y r a u n a J 2 2 0 2 , 1 y r a u n a J 3 2 0 2 , 1 y r a u n a J ” 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 ” 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 o t s t n e m d n e m A ” s e s a e L “ 6 1 S R F I o t s t n e m d n e m A g n i t n u o c c A - e v i t a i t i n I e r u s o l c s i D – ” 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 ” e r u t l u c i r g A “ 1 4 S A I o t o t s t n e m d n e m A s t n e m d n e m A s e i c i l o P 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 9 1 0 2 d n a 0 2 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 ) 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 N O I T A Z I N A G R O D N A Y R O T S I H 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 . 1 278 e c i v r e s 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 . ( . 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 r o t c u d n o c i m e s 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 y r a n i d r o s ’ y n a p m o C e h T 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 s t i d n a 5 8 9 1 y l u J . 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 , 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 . 1 2 0 2 , 4 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 s d r a d n a t s d e s i v e r r o d e t p o d a y l w e n o n e r e w e r e h T . 0 2 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 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 e v a h t a h t s n o i t a t e r p r e t n i d n a 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 c n a m r o f r e p 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 : 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 ) 2 ( y b d e u s s i e t a D e v i t c e f f E B S A 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 d e d n e m A r o d e s i v e R , w e N 1 2 0 2 , 1 y r a u n a J o t s t n e m d n e m A ( 2 e s a h P - 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 ) 6 1 S R F I d n a 4 S R F I , 7 S R F I , 9 3 S A I , 9 S R F I United Microelectronics Corporation | Annual Report 2020 S A I o t s t n e m d n e m A ( e s U d e d n e t n I e r o f e b s d e e c o r 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 . i i ) 6 1 y b d e u s s i e t a D e v i t c e f f E t n a l p , y t r e p o r p f o t s o c e h t m o r f g n i t c u d e d m o r f y n a p m o c a t i b i h o r p s t n e m d n e m a e h T s i y n a p m o c e h t e l i h w d e c u d o r p s m e t i g n i l l e s m o r f d e v i e c e r s t n u o m a t n e m p i u q e d n a h c u s e s i n g o c e r l l i w y n a p m o c a , d a e t s n I . e s u d e d n e t n i s t i r o f t e s s a e h t g n i r a p e r p . s s o l r o t i f o r p n i t s o c d e t a l e r d n a s d e e c o r p s e l a s g n i l l i f l u f f o t s o c e h t s a e d u l c n i d l u o h s y n a p m o c a s t s o c t a h w y f i r a l c s t n e m d n e m a e h T ) 7 3 S A I o t s t n e m d n e m A ( t c a r t n o C a g n i l l i f l u F f o t s o C - s t c a r t n o C s u o r e n O . i i i . s u o r e n o s i t c a r t n o c a r e h t e h w g n i s s e s s a n e h w t c a r t n o c a a s e m o c e b t a h t y r a i d i s b u s a y b 1 S R F I f o n o i t a c i l p p a e h t s e i f i l p m i s t n e m d n e m a e h T e v i t a l u m u c f o t n e m e r u s a e m e h t o t n o i t a l e r n i t n e r a p s t i r e t f a r e t p o d a e m i t - t s r i f . s e c n e r e f f i d n o i t a l s n a r t 0 2 0 2 – 8 1 0 2 s d r a d n a t S S R F I o t s t n e m e v o r p m I l a u n n A . e 1 S R F I o t t n e m d n e m A . i e h t e h t r e h t e h w g n i s s e s s a n e h w s e d u l c n i y n a p m o c a s e e f e h t s e i f i r a l c t n e m d n e m a e h T m o r f t n e r e f f i d 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 l a i c n a n i f d e i f i d o m r o w e n a f o s m r e t . y t i l i b a i l l a i c n a n i f l a n i g i r o e h t f o s m r e t 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 o t t n e m d n e m A . i i e h t s e i f i d o m 6 1 S R F I g n i y n a p m o c c a 3 1 e l p m a x E e v i t a r t s u l l I o t t n e m d n e m a e h T . s t n e m e v o r p m i d l o h e s a e l s ’ e e s s e l o t g n i t a l e r s e v i t n e c n i e s a e l f o t n e m t a e r t s e s a e L 6 1 S R F I g n i y n a p m o c c A s e l p m a x E e v i t a r t s u l l I o t t n e m d n e m A . i i i l u f e s u e r o m e d i v o r p o t t a h t s e r u s o l c s i d y c i l o p g n i t n u o c c a e v o r p m i s t n e m d n e m a e h T . s t n e m e t a t s l a i c n a n i f e h t f o s r e s u y r a m i r p r e h t o d n a s r o t s e v n i o t n o i t a m r o f n i ) t n e m d n e m A ( s e i c i l o P g n i t n u o c c A - e v i t a i t i n I e r u s o l c s i D - ) ” 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 . f r e h t o d e d u l c n i d n a s e t a m i t s e g n i t n u o c c a f o n o i t i n i f e d e h t e c u d o r t n i s t n e m d n e m a e h T 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 o t s t n e m d n e m a n i s e g n a h c m o r f 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 h s i u g n i t s i d s e i n a p m o c p l e h o t ) t n e m d n e m A ( s e t a m i t s E g n i t n u o c c A f o n o i t i n i f e D - ) ” 8 S A I “ ( ” 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 . g . s e i c i l o p g n i t n u o c c a 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 ) g ( ~ ) b ( 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 . 4 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 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 . 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 r o n i 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 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 ) 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 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 . 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 s t i d n a r o t s e v n i n a n e e w t e b ) ” 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 - ” 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 . b 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 o s l a s a w 0 1 S R F I 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 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 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 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 . 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 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 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 m d n e m A ( 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 “ ( ” 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 . t n e r r u c - n o n r o t n e r r u c e h t f o n o i s r e v d l o n a o t e c n e r e f e r a g n i c a l p e r y b 3 S R F I d e t a d p u s t n e m d n e m a e h T , n o i s r e v t s e t a l e h t o t e c n e r e f e r a h t i w g n i t r o p e R l a i c n a n i F r o f k r o w e m a r F l a u t p e c n o C e h t o t n o i t p e c x e n a d e d d a o s l a s t n e m d n e m a e h T . 8 1 0 2 h c r a M n i d e u s s i s a w h c i h w s e s s o l r o s n i a g ” 2 y a d “ l a i t n e t o p f o e u s s i e h t d i o v a o t 3 S R F I f o e l p i c n i r p n o i t i n g o c e r y f i r a l c s t n e m d n e m a e h t , s e d i s e B . s e i t i l i b a i l t n e g n i t n o c d n a s e i t i l i b a i l r o f g n i s i r a y b d e t c e f f a e b t o n d l u o w t a h t s t e s s a t n e g n i t n o c r o f 3 S R F I n i e c n a d i u g g n i t s i x e ) 3 S R F I o t s t n e m d n e m A ( k r o w e m a r F l a u t p e c n o C e h t o t e c n e r e f e R a g n i t a d p U . i . k r o w e m a r F l a u t p e c n o C e h t o t e c n e r e f e r e h t g n i c a l p e r 7 3 S A I o t s t n e m d n e m A , 6 1 S A I o t s t n e m d n e m A , 3 S R F I o t s t n e m d n e m A g n i d u l c n i , S R F I f o s t n e m d n e m a e p o c s - w o r r a N . d B S A 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 d e d n e m A r o d e s i v e R , w e N 3 2 0 2 , 1 y r a u n a J 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 o t s t n e m d n e m A 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 s e t a m i t s E g n i t n u o c c A 279 Financial Review 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 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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 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 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 : 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 ( 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 h t i w e c n a d r o c c a r e h t o d n a s s o l n 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 d e r a p e r p y n a p m o C e h T 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 . 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 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 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 ( . s t n e m t s u j d a 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 , 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 n i d e z i n g o c e r d e z i n g o c e r s i 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 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 ( n o i t a r a p e r P f o s i s a B ) 2 ( 280 United Microelectronics Corporation | Annual Report 2020 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 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 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 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 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 s t n e l a v i u q E h s a C ) 6 ( 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 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 281 Financial Review 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 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 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 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 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 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 . 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 : ) s t n u o m a e t u l o s b a 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 ) 8 ( 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 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 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 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 282 United Microelectronics Corporation | Annual Report 2020 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 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 . 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 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 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 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 ) 9 ( 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 ) 0 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 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 . 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 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 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 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 283 Financial Review 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 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 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 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 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 d o h t e m 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 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 . 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 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 ( 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 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 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 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 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 r a e y 6 5 ~ 0 2 s r a e y 6 s r a e y 6 s r a e y 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 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 s e t a i c o s s a n i t n e m t s e v n I . b 284 . 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 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 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 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 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 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 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 . 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 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 . 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 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 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 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 e b 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 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 ( t n u o c c a e t a i r p o r p p a r e h t o r o s s o l d n a t i f o r p 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 . 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 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 r o t i f o r p s t i m o r f t l u s e r 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 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 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 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 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 e h t s e i f i s s a l c e r y n a p m o C . s i s a b a t a r o r p United Microelectronics Corporation | Annual Report 2020 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 : f o 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 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 , 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 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 . 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 e e s s e l a s a y n a p m o C e h T e s a e L ) 2 1 ( 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 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 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 ; 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 . a , 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 , 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 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 . 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 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 285 . 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 ( 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 Financial Review 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 y n a p m o C e h T 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 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 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 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 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 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 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 t s u j d a l l a h s y n a p m o C 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 f o t n u o m a g n i y r r a c . 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 . 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 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 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 s t i f e n e B t n e m y o l p m E - t s o P ) 6 1 ( s d n o b e l b i t r e v n o C s d n o B ) 5 1 ( 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 . a . b . c 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 286 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 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 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 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 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 2020 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 n o i t a s n e p m o c e h T s i d n a , 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 u l a v r i a f e h t t a d e r u s a e m s i s e e y o l p m e g n i t s e v e h t r e v o , y t i u q e 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 , e s n e p x e s a d e z i n g o c e r s k c o t s d e t c i r t s e r d e t s e v n u e h t , s e e y o l p m e r o f s k c o t s d e t c i r t s e r g n i u s s i n e h W . d o i r e p n o i t a s n e p m o c e e y o l p m e d e n r a e n u n i d e z i n g o c e r e r a s e e y o l p m e r o f e t a d t n a r g e h t n o d e u s s i s a d e z i t r o m a e b l l a h s t n u o c c a h c u s d n a t n u o c c a y t i u q e a r t n o c l a n o i t i s n a r t a s a 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 o i r e p g n i t s e v e h t r e v o e s n e p x e n o i t a s n e p m o c 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 s e v e h t l i t n u e t a d g n i t r o p e r 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 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 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 t s o c e v i t a l u m u c n i t n e m e v o m 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 r o f s s o l r o t i f o r p h g u o r h t d e z i n g o c e r s i d o i r e p e h t f o d n e d n a g n i n n i g e b e h t t a d e z i n g o c e r . d o i r e p e h t d e l t t e s - y t i u q e 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 s i e s n e p x e o N e h T . n o i t i d n o c 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 e r e h w s n o i t c a s n a r t t o n r o r e h t e h w f o e v i t c e p s e r r i e s n e p x e n i d e v i e c e r s e c i v r e s e h t e z i n g o c e r l l a h s y n a p m o C 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 g n i t s e v - n o n r o t e k r a m e h t 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 d e l t t e s - y t i u q E 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 ( 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 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 ) 7 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 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 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 . h t i w d e i l p m o c e b l l i w . d e i f s i t a s e r a s n o i t i d n o c e c i v r e s 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 e h t n e e w t e b 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 d e l t t e s - h s a c f o t s o c n o i t a s n e p m o c e h T d n a d e r r u c n i 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 t a d e r u s a e m 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 u l a v r i a f e h T . d o i r e p g n i t s e v e h t r e v o y t i l i b a i l g n i d n o p s e r r o c h t i w e s n e p x e s a d e z i n g o c e r e t a d t n e m e l t t e s e h t t a d n a 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 d e r u s a e m e r s i y t i l i b a i l e h t f o e h t l i t n u d o i r e p e h t r o f s s o l r o t i f o r p h g u o r h t d e z i n g o c e r e u l a v r i a f n i t n e m e v o m e h t h t i w 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 . d e l t t e s s i y t i l i b a i 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 d e l t t e s - h s a C k c o t S y r u s a e r T ) 8 1 ( 287 Financial Review h g u o r h t e u 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 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 x a T e m o c n I ) 1 2 ( 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 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 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 ( 288 . 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 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 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 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 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 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 e c i v r e s United Microelectronics Corporation | Annual Report 2020 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 e h 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 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 ( 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 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 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 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 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 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 I 9 1 - D V O C m o r f s t c e f f e n e e s e r o f n u d n a e t a m i l c c i m o n o c e l a b o l g e h t n e v i G . r u c c o y e h t n e h w r e f f i d d l u o c s t l u s e r l a u t c A . g n i g n e l l a h c e r o m e m o c e b s a h n o i t a m i t s e f o s s e c o r p e h t , c i m e d n a 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 o t l a i r e t a m e b y a m s e c n e r e f f i d , h c u s s a d n a , s e t a m i t s e e s o h t m o r f . s t n e m e t a t s 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 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 289 Financial Review 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 e b t o n n a c t e e h s e c n a l a b e h t n o d e d r o c e r 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 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 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 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 t e k r a m e h t y l n i a m s a w h c i h w d o h t e m n o i t a u l a v e l b a r a p m o c f o n o i t c e l e s e h t s a h c u s s 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 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 d n a s e c i r p n o i t c a s n a r t y t i u q e r o s e i n a p m o c 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 , 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 s e i r o t n e v n I ) 2 ( 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 . 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 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 x a T e m o c n I ) 5 ( 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 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 ( 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 ( 290 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 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 ) 5 2 ( 6 e t o N o t r e f e r 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 . ) 5 1 ( 6 e t o N n i d e s o l c s i d . 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 ( United Microelectronics Corporation | Annual Report 2020 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 1 5 4 , 1 3 2 , 0 1 $ 6 8 5 , 9 3 2 2 1 $ , 3 4 0 , 4 8 7 3 1 , 5 9 2 2 3 , 9 2 1 2 5 3 , 7 5 7 , 1 0 9 3 , 6 6 2 , 1 4 4 2 , 2 3 3 , 3 5 6 1 , 7 6 2 2 , 0 5 5 4 0 , 2 1 3 0 8 , 7 4 9 1 , 5 9 2 , 3 9 5 4 3 5 , 0 1 6 , 2 5 9 6 , 3 6 5 , 3 1 $ 0 2 1 , 0 5 8 4 1 $ , - $ 6 8 6 3 6 6 , , 6 8 6 3 6 6 $ 9 1 0 2 ) 4 8 0 , 6 7 4 ( 6 8 6 , 3 6 6 $ 2 0 6 , 7 8 1 $ 0 2 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 o i r e p e h t r o f ) l a s r e v e r ( e z i n g o c e r 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 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 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 e u d t s a p r e h t i e N : e u d t s a P 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 , s y a d 0 6 n i h t i w e u d t s a p s e l b a v i e c e r e h t 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 l u c l a c o t e t a r s s o l t i d e r c d e t c e p x e 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 g n i d u l c n i e r a s e t a r s s o l t i d e r c d e t c e p x e e h t , 9 1 0 2 d n a 0 2 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 L C E 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 e t a r e h T . % 2 . 0 n a h t r e t a e r g t o n 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 s s o l 0 6 r e v o e u d t s a p s 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 s ’ r e m o t s u c s a h c u s s r o t c a f o t r e h t e h w y l l a u d i v i d n i s e s s e s s a d n a e t a r d e n o i t n e m e r o f a e h t s e i l p p a y n a p m o C e h t , s y a d n o i t i d n o c 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 e z i n g o c e r , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 0 2 6 4 1 4 , , 4 $ 3 5 1 , 7 5 6 4 $ , 9 5 0 1 6 0 , , 2 3 2 2 1 9 7 , , 8 0 1 2 8 3 0 , , 1 7 7 6 , 1 5 5 2 , 2 2 5 , 3 7 1 9 , 0 1 9 , 5 5 4 , 2 1 1 5 0 3 , 6 1 $ 2 6 2 , 8 3 8 6 1 $ , . y t i l i b a g n i y a p - t b e d d n a t e N , s e i r o t n e v n I ) 4 ( 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 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 3 3 7 , 4 $ 1 5 7 , 4 $ 2 7 8 , 8 8 6 , 5 0 5 8 , 1 2 3 , 4 3 5 9 , 2 2 9 , 2 5 7 3 6 , 0 5 4 , 9 5 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 8 7 2 , 8 1 9 , 7 8 5 6 , 2 7 2 , 5 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 6 3 8 , 4 3 5 , 6 6 $ 6 9 8 , 9 4 0 , 9 6 $ 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 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 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 s t n e l a v i u q E h s a C d n a h s a C ) 1 ( . 6 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 - 5 2 1 , 0 2 0 0 5 , 4 8 1 0 0 0 , 0 2 0 6 4 , 0 6 3 4 8 3 , 2 3 0 6 , 9 0 9 , 4 $ 8 9 5 , 3 8 5 , 5 $ 8 2 2 , 4 1 1 , 5 $ 2 4 4 , 6 6 9 , 5 $ 6 7 4 , 8 6 6 $ 2 5 7 , 5 4 4 , 4 8 1 7 , 1 5 0 , 1 $ 4 2 7 , 4 1 9 , 4 8 2 2 , 4 1 1 , 5 $ 2 4 4 , 6 6 9 , 5 $ , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 ) 6 8 6 , 3 6 6 ( ) 2 0 6 , 7 8 1 ( 5 9 6 , 3 6 5 , 3 1 $ 0 2 1 , 0 5 8 , 4 1 $ 9 0 0 , 0 0 9 , 2 1 $ 8 1 5 , 2 6 6 , 4 1 $ 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 t n e r r u c n o N t n e r r u C l a t o T l a t o T t e N , e l b a v i e c e R s t n u o c c A ) 3 ( 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 291 Financial Review - 8 7 . 3 1 - 9 9 4 , 0 7 4 , 1 $ 8 7 . 3 1 6 3 . 3 1 7 7 3 , 7 0 1 , 9 8 4 4 , 9 8 5 , 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 s e i n a p m o c d e t s i L ) N O R C M N U I I ( . P R O C Y G O L O N H C E T N O R C M N U I I ) B e t o N ( 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 0 0 . 0 0 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 9 9 4 , 0 7 4 , 1 5 2 8 , 6 9 6 , 0 1 l a t o t b u S 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 1 3 3 , 8 9 3 , 4 6 1 1 , 5 9 9 9 4 , 0 2 2 0 7 , 0 9 5 0 4 8 , 1 2 1 5 0 0 , 3 8 1 , 3 2 3 3 2 , 5 1 5 , 7 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 0 0 . 0 0 1 1 8 1 , 2 2 7 , 1 4 2 6 , 5 3 1 0 2 6 , 7 8 0 , 4 1 6 9 , 9 3 2 0 7 , 6 6 1 , 0 1 3 3 9 , 6 6 5 , 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 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 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 1 2 8 , 0 0 4 , 5 ) 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 - 4 3 8 , 1 2 7 1 3 , 5 8 5 3 5 3 , 2 4 1 2 2 3 , 6 2 9 , 2 2 5 6 7 , 8 6 6 , 7 1 ) C J S U ( 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 . 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 ) E , D e t o N ( ) D e t o N ( N A P A J P U O R G C M U ) C e t o N ( 5 3 0 , 0 6 2 5 7 . 0 8 4 3 4 , 4 7 3 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 - 7 2 3 , 7 8 - - - ) F e t o N ( . P R O C Y G O L O N H C E T R E W O P X E N 3 1 9 , 5 4 1 . 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 ) G e t o N ( 5 3 4 , 5 8 8 , 7 6 0 8 7 , 4 8 9 , 7 6 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 $ 4 4 . 5 4 0 0 . 2 4 0 0 . 0 4 9 4 . 6 3 7 8 . 0 3 6 6 9 , 6 2 5 8 1 , 3 2 8 9 6 1 , 8 8 4 , 2 3 6 5 , 5 6 1 , 0 1 6 3 1 , 1 5 5 , 6 9 1 0 , 5 5 0 , 0 2 4 2 6 , 6 3 7 , 8 9 $ 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 . 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 l a t o t b u S , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 4 9 4 , 5 7 1 5 4 1 , 0 7 1 3 0 1 , 3 1 2 , 4 1 $ 4 9 4 , 0 8 7 , 9 $ 7 9 5 , 8 8 3 , 4 1 $ 9 3 6 , 0 5 9 , 9 $ 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 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 r i a f s a d e t a n g i s e d s t n e m u r t s n i y t i u q e m o r f 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 : w o l e b d e t s i l e r e 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 h g u o r h t e u l a v . b - 7 2 3 , 9 3 3 $ 9 1 0 2 - 5 9 2 , 5 5 2 $ 0 2 0 2 7 2 3 , 9 3 3 $ 5 9 2 , 5 5 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 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 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 d e t a n g i s e d s t n e m t s e v n i n i a t r e c d e z i n g o c e r 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 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 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 : s w o l l o f s a e r e w 9 1 0 2 d n a 0 2 0 2 , 1 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 9 1 0 2 0 2 0 2 4 5 4 , 8 4 3 , 2 $ 0 5 4 , 2 1 0 , 9 $ l a s o p s i d f o e t a d e h t n o e u l a v r i a F 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 T L , . O C T N E M T S E V N I H E I H C N U S H ) 3 0 9 , 1 5 5 ( $ 5 6 3 , 5 2 8 , 1 $ 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 T L , . O C T N E M T S E V N I N A U Y N N A Y l a t o t b u S l a t o T 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 n o s l i a t e d r o f ) 6 ( 6 e t o N o t r e f e r e s a e l P . 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 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 9 1 0 2 0 2 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 s 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 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 ( 9 3 4 $ 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 , 2 2 3 3 9 $ T N d n a n o i l l i m s a w n o i l l i m 4 7 1 , 1 $ T N d n a s e i r o t n e v n i f o n w o d - e t i r w f o l a s r e v e r o t d e t a l e r s a w n o i l l i m 9 0 1 , 3 9 $ T N d e z i n g o c e r y n a p m o C e h t , 9 1 0 2 d n a 0 2 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 292 . 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 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 United Microelectronics Corporation | Annual Report 2020 n o d e t a d i u q i l d n a d e v l o s s i d s a w . P R O C Y G O L O N H C E T R E W O P X E N : F e t o N . 0 2 0 2 , 1 1 r e b m e v o N . ) 4 ( 9 e t o N o t r e f e r e s a e l P : G 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 , 0 7 4 1 $ T N d n a n o i l l i m , 7 9 6 0 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s a , n o i l l i m 0 2 0 2 , 1 3 r e b m e c e D f o s a , n o i l l i m 8 2 9 , 1 $ T N d n a n o i l l i m 5 8 8 , 8 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 , 9 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 4 7 1 1 $ T N d n a n o i l l i m 3 4 6 , 6 $ 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D n o i l l i , m 4 1 7 2 $ 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 , 9 1 0 2 d n a 0 2 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 9 8 1 , 1 $ T N d n a 5 3 1 , 9 2 $ 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s a n o i l l i , m 2 3 1 1 1 $ T N d n a n o i l l i m r e t f a ; s e t a i c o s s a e m o s f o r e d l o h e r a h s t s e g r a l e h t s i y n a p m o C e h t h g u o h t l A e h t s a s t h g i r g n i t o v r o j a m e h t n w o t o n s e o d y n a p m o C e h t , t n e m s s e s s a e v i s n e h e r p m o c g n i l u r m o r f y n a p m o C e h t t n e v e r p d n a n g i l a o t e l b a e r a s r e d l o h s t h g i r g n i t o v g n i n i a m e r t n a c i f i n g i s s n w o t u b l o r t n o c 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 . n o i t a r e p o t n a v e l e r e h t . 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 r e v o e c n e u l f n i 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 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 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 N O R C M N U I I 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 , 0 2 0 2 e n u J m o r f g n i n n i g e B : h g u o r h t N O R C M N U I I 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 y t i l i b a y l s u o i v e r p s a w N O R C M N U I I . s r o t c e r i D f o d r a o B s t i n o n o i t a t n e s e r p e r s a d e i f i s s a l c e r 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 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 u l a v r i a f 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 o t p u 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 a w t a h t s e g n a h c . d o i r e p t n e r r u c e h t n i 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 a w e t a d n o i t a c i f i s s a l c e r 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 1 5 4 $ 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 1 0 4 , 5 $ 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 1 2 5 , 5 $ 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 , 9 1 0 2 d n a 0 2 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 8 9 3 , 4 $ T N B e t o N C e t o N d n a C J S U h t i w d e g r e m s a w N A P A J P U O R G C M U , 0 2 0 2 , 1 r e b m e v o N 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 C J S U 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 : D e t o N : E e t o N : 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 . 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 s a I d e m a n e r s a w d n a y n a p m 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 t e n 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 ( e h t 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 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 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 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 ) 9 1 ( $ T N d n a n o i l l i m ) 4 4 ( $ T N e r e w 9 1 0 2 d n a 0 2 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 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 . 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 293 Financial Review 3 1 4 , 1 0 8 , 4 6 $ 8 0 2 , 5 5 3 , 7 $ 2 2 9 , 3 5 7 $ 5 1 7 , 8 $ 1 6 9 , 5 1 5 , 7 4 $ 0 2 1 , 6 0 3 , 8 $ 7 8 4 , 1 6 8 $ 0 2 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 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 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 $ - $ 0 2 0 2 , 1 y r a u n a J f o s A 6 0 1 , 5 0 9 , 7 2 ) 3 9 3 , 2 7 8 , 3 ( 7 7 3 , 1 ) 4 8 8 , 6 8 1 , 7 ( - - - - 1 5 3 , 7 5 3 3 2 7 , 3 8 7 1 , 5 7 5 , 6 2 4 5 8 , 8 6 9 - - 7 7 3 , 1 ) 6 6 6 , 4 1 ( ) 2 7 7 , 3 ( ) 5 5 9 , 3 5 8 , 3 ( - - ) 1 0 9 , 7 1 ( ) 0 9 ( ) 8 1 9 , 1 9 0 , 7 ( ) 5 7 9 , 6 7 ( - - - - 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 2 6 7 , 9 6 6 , 9 2 7 $ - $ 1 8 8 , 5 6 0 , 5 $ 5 2 8 , 4 3 $ 2 7 2 , 7 8 3 , 7 0 7 $ 4 8 7 , 1 8 1 , 7 1 $ - $ 0 2 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 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 8 4 , 4 6 2 , 1 0 7 5 , 4 3 1 , 1 $ 0 5 0 , 9 9 3 , 2 $ 9 1 0 2 0 7 7 , 2 1 9 , 2 4 2 6 , 3 5 6 , 6 $ 4 9 3 , 6 6 5 , 9 $ 0 2 0 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 . y l e v i t c e p s e r , 9 1 0 2 d n a 0 2 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 s e r a h s n o i l l i m 1 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 r e h t o n A , 9 1 0 2 d n a 0 2 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 0 0 2 d n 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 . y l e v i t c e p s e r s t e s s a t n e r r u c r e h t O ) 7 ( : 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 i r e t a m m i y l l a u d i v i d n i s t i l l a 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 i 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 t a i c o s s a 294 : 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 3 3 9 , 4 0 8 $ 9 1 0 2 - 7 4 7 , 4 2 4 0 8 6 , 9 2 2 , 1 $ 6 6 9 , 4 5 5 , 3 1 $ 6 6 5 , 1 7 5 0 4 , 9 3 4 0 2 0 2 5 9 9 , 3 4 0 , 3 1 $ e e r h t r e v o f o s e i t i r u t a m l a n i g i r o h t i w s t i s o p e d e m T i 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 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 $ 0 2 0 2 , 1 y r a u n a J f o s A ) 5 7 2 , 0 1 ( ) 5 8 7 , 1 ( - ) 0 9 4 , 8 ( - t c e f f e e g n a h c x E 6 3 5 , 1 3 0 , 4 $ 3 6 4 , 0 5 1 , 1 $ 3 1 4 , 5 2 1 $ 5 4 7 , 2 0 3 , 2 $ 5 1 9 , 2 5 4 $ 0 2 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 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 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 $ - $ 0 2 0 2 , 1 y r a u n a J f o s A 3 0 6 , 2 3 1 7 7 0 , 2 4 7 7 3 , 1 9 4 1 , 9 8 ) 7 7 3 , 1 ( ) 4 1 6 , 6 ( - ) 7 7 3 , 1 ( - ) 3 9 6 , 1 ( - ) 1 2 9 , 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 n o i t a i c e r p e D 7 7 6 , 2 9 1 , 2 $ 8 9 2 , 7 7 0 , 1 $ 3 1 4 , 5 2 1 $ 6 6 9 , 9 8 9 $ - $ 0 2 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 9 5 8 , 8 3 8 , 1 $ 5 6 1 , 3 7 $ - $ 9 7 7 , 2 1 3 , 1 $ 5 1 9 , 2 5 4 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A 5 7 1 , 1 7 4 , 4 9 7 $ 8 0 2 , 5 5 3 , 7 $ 3 0 8 , 9 1 8 , 5 $ 0 4 5 , 3 4 $ 3 3 2 3 0 9 , , 4 5 7 $ 4 0 9 7 8 4 , , 5 2 $ 7 8 4 , 1 6 8 $ 0 2 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 ) 8 7 6 , 8 0 8 , 7 ( ) 5 9 4 , 2 3 ( ) 6 5 6 , 9 1 ( ) 4 0 3 ( ) 7 6 8 , 1 2 6 , 7 ( ) 6 5 3 , 4 3 1 ( 8 3 1 , 5 7 9 ) 2 4 4 , 4 0 1 , 1 1 ( 8 3 3 , 9 5 1 - 4 8 6 3 8 8 , , 1 1 8 5 5 6 3 , 3 9 8 , 1 5 1 , 5 1 3 9 8 , 1 5 1 , 5 1 - - - ) 3 3 4 , 2 8 1 , 4 ( ) 8 3 9 , 2 1 ( ) 6 6 6 , 4 1 ( ) 6 1 2 , 4 ( ) 3 1 6 , 0 5 1 , 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 n o i t i d d A 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 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 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 $ 0 2 0 2 , 1 y r a u n a J f o s A t c a r t n o c a l l i f l u f o t s t s o C r a e y a o t s h t n o m s r e h t O l a t o T : 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 0 2 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 ) 8 ( United Microelectronics Corporation | Annual Report 2020 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 ) 9 5 6 , 8 7 ( 3 1 2 , 3 ) 2 7 8 , 1 8 ( - ) 0 4 9 ( ) 7 1 3 ( - ) 3 2 6 ( ) 3 7 1 , 5 ( ) 8 0 9 ( - ) 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 : 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 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 : y n a p m o C e h t y b d e s U s t e s s A . a 9 1 0 2 : t s o C 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 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 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 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 ) 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 ( e r u t i n r u F y r e n i h c a M 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 , : 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 0 0 5 , 7 5 5 , 9 0 0 5 , 7 5 5 , 9 - - - - ) 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 ( - - - - 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 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 7 6 4 , 5 3 1 5 5 1 , 2 4 7 2 8 , 3 5 8 4 , 9 8 ) 5 8 2 , 7 6 ( 0 1 ) 5 9 2 , 7 6 ( - ) 1 5 6 ( ) 7 1 3 ( - ) 4 3 3 ( ) 9 7 2 , 3 ( ) 0 5 8 ( - ) 9 2 4 , 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 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 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 : t n u o m a g n i y r r a c t e N . 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 s e s a e L ) 9 ( 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 : 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 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 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 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 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 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 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 : t n u o m a g n i y r r a c t e N . 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 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 295 Financial Review 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 . 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 ) 8 ( 6 r o s s e l a s a y n a p m o C e h T . b 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 3 5 , 7 6 6 9 $ , , 2 8 8 2 0 4 , 3 $ 6 7 1 , 4 2 4 , 4 $ , 7 7 4 0 4 8 , 1 $ 0 2 0 2 , 1 y r a u n a J f o s A ) 0 1 2 , 5 1 ( ) 4 1 4 , 6 5 ( - - ) 2 9 2 , 1 7 0 1 ( , ) 3 0 7 , 5 1 9 ( ) 7 0 5 , 4 5 ( ) 7 0 9 , 1 ( - - ) 9 8 5 5 5 1 ( , ) 0 1 2 , 5 1 ( 2 7 2 , 1 3 1 2 , 5 5 6 , 0 5 8 , 1 6 0 0 7 1 6 5 5 , 0 1 1 , 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 s t e s s A e l b i g n a t n I ) 0 1 ( 0 2 0 2 : t s o C , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 8 0 9 , 5 0 9 , 2 $ 7 2 2 , 7 2 5 , 2 $ 5 2 9 , 4 2 7 0 2 , 4 1 3 9 0 5 , 9 0 5 4 , 7 0 7 9 , 6 1 3 0 0 , 9 6 2 7 4 7 , 4 2 6 2 , 5 9 9 9 , 1 6 2 , 3 $ 9 0 2 , 3 2 8 , 2 $ 8 9 1 , 7 5 2 $ 1 6 7 , 3 3 2 $ 9 1 0 2 0 2 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 8 0 3 , 8 5 8 3 , 9 1 7 0 9 , 4 3 9 1 , 2 0 0 4 , 8 8 5 5 , 2 4 7 2 1 , 6 6 8 1 , 2 1 9 9 , 1 9 2 $ 2 3 0 , 3 9 2 $ 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 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 s t e s s A e s u - f o - t h g i R ) a ( e e s s e l a s a y n a p m o C e h T . a 296 , 1 9 8 5 5 6 0 1 $ , , 4 3 8 7 3 3 3 $ , , 0 3 7 9 3 5 4 $ , , 7 2 3 8 7 7 2 $ , 0 2 0 2 , 1 3 r e b m e c e D f o s A 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 d n a 0 2 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 . i 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 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 $ 0 2 0 2 , 1 y r a u n a J f o s A ) 2 3 1 , 3 3 ( - ) 4 5 2 , 2 3 ( ) 8 7 8 ( 3 3 2 , 8 0 0 2 , 2 9 1 , 0 3 7 4 9 4 3 8 4 , 7 4 5 , 4 9 7 ) 2 9 2 , 1 7 0 1 ( , ) 3 0 7 , 5 1 9 ( - ) 9 8 5 5 5 1 ( , 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 5 , 8 8 4 6 $ , , 3 0 6 0 3 4 , 2 $ 2 3 8 , 6 3 8 , 2 $ 3 8 0 1 2 2 , , 1 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A 8 8 7 , 8 4 2 $ 4 1 3 , 8 8 9 , 2 9 1 0 2 1 5 7 , 4 4 2 $ 3 1 8 , 6 8 5 , 2 0 2 0 2 2 0 1 , 7 3 2 , 3 $ 4 6 5 , 1 3 8 , 2 $ , 1 3 r e b m e c e D f o s A 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 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 : 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 , n o i l l i m 4 0 2 $ T N d n a n o i l l i m 5 5 $ T N o t d e t n u o m a s t e s s a e s u - f o - t h g i r . y l e v i t c e p s e r , 3 7 3 7 6 1 4 $ , , 1 3 2 7 0 9 $ , 8 9 8 2 0 7 1 $ , , 4 4 2 7 5 5 1 $ , 0 2 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 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 ) 3 2 ( 6 e t o N o t r e f e r e s a e l P United Microelectronics Corporation | Annual Report 2020 - $ 9 1 0 2 6 2 3 , 2 $ 0 2 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 9 1 0 2 0 2 0 2 0 0 0 , 0 0 2 , 3 9 2 9 2 7 , , 7 1 1 2 $ - , 0 0 0 0 0 7 8 1 $ , ) 7 7 8 , 7 4 1 ( ) 6 1 6 9 ( , ) 5 2 8 3 9 0 , , 0 2 ( ) 0 1 9 , 9 9 9 1 ( , 6 1 4 1 8 7 , , 8 3 4 8 3 , 0 9 6 8 1 , 1 9 5 7 8 6 , , 8 1 $ 4 7 4 , 0 9 6 6 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 s t c a r t n o c d r a w r o F e l b a y a P s d n o B ) 3 1 ( 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 e i t i l i b a i L l a i c n a n i F ) 2 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 a s d n o b e h t f o 0 1 2 , 6 3 ) 6 1 7 , 9 1 ( - - 8 1 4 , 4 9 9 , 2 9 7 6 , 1 5 8 ) 2 0 8 , 0 1 8 , 1 ( ) 5 1 8 , 8 3 6 ( 5 1 9 , 6 0 8 ) 8 2 1 , 3 5 9 ( - ) 7 4 7 , 8 1 ( 5 2 4 , 7 6 4 , 8 $ 8 1 0 , 0 9 1 , 3 $ 6 3 1 , 9 8 5 , 4 $ 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 7 2 8 8 6 $ 4 2 8 , 5 3 3 , 1 ) 9 5 8 , 8 1 2 ( ) 9 6 9 ( 0 1 2 , 6 3 9 1 0 2 , 1 y r a u n a J 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 s n o i t i d d A s l a s o p s i D 9 1 0 2 : t s o C 5 3 5 , 7 6 6 , 9 $ 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 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 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 7 2 , 4 2 8 , 1 0 3 3 , 9 4 8 ) 2 0 8 , 0 1 8 , 1 ( ) 5 1 8 , 8 3 6 ( ) 8 5 3 , 9 ( 0 2 0 , 0 1 5 ) 8 2 1 , 3 5 9 ( ) 5 7 6 ( 8 2 9 , 4 6 4 ) 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 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 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 % 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 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 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 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 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 . 0 2 0 2 h c r a M 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 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 4 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 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 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 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 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 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 5 1 3 , 4 6 6 $ 3 6 9 , 9 5 1 , 1 $ 9 1 0 2 2 0 2 , 4 3 6 $ 1 3 0 , 4 7 3 , 1 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 0 5 8 , 5 5 3 , 1 $ 0 5 8 , 3 8 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 9 1 0 2 0 2 0 2 : s w o l l o f s a s i 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 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 ) 1 1 ( s n a o l k n a b d e r u c e s n U % 9 8 . 2 ~ % 6 9 . 1 % 7 9 . 1 ~ % 3 5 . 0 d e i l p p a s e t a r t s e r e t n I 7 1 0 2 d n a n o i l l i m 5 3 8 , 7 2 $ 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 , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 3 6 0 , 3 3 $ T N 297 Financial Review d e d n e s r a e y e h t r o F . 0 2 0 2 , 1 3 h c r a M n o s a w s d n o b e h t f o e t a d n o i s r e v n o c t s a l e h T 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 ( : s d n o B f o n o i s r e v n o C . v : n o i t p m e d e R 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 e h t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D 5 6 4 o t n i d e t r e v n o c n e e b d a h n o i l l i m 5 1 $ S U d n a n o i l l i m 5 1 2 $ S U g n i l a t o t s d n o b . y l e v i t c e p s e r , s e r a h s n o i l l i m 3 3 d n a s e r a h s n o i l l i m g n i n i a m e r e h t d e m e e d e r y l l u f y n a p m o C e h t , 0 2 0 2 , 8 1 y a M f o e t a d y t i r u t a m e h t n o p U f o t n u o m a l a p i c n i r p e h T . 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 d e t r e v n o c n u d e l l e c n a c d e i f i s s a l c e r y n a p m o C e h T . n o i l l i m 9 6 3 $ S U o t d e t n u o m a n o i t p m e d e r o t 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 m o r f n o i l l i m 6 6 1 , 1 $ T N f o s t h g i r e l b i t r e v n o c . s 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 : s w o l l o f s a e r e w 9 1 0 2 d n a 0 2 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 n a o L m r e T - g n o L ) 4 1 ( , 1 3 r e b m e c e D f o s A n o i t p m e d e R 9 1 0 2 0 2 0 2 s r e d n e L o t 2 2 0 2 , 0 1 h c r a M e v i t c e f f E - $ 0 0 0 , 0 0 0 , 2 $ n a o L m r e T - g n o L d e r u c e s n U s i l a p i c n i r P . 4 2 0 2 , 0 1 r e b m e c e D s t n e m y a p y l r e t r a u q 2 1 n i d i 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 h t i w n a w i a T f o k n a B m o r f y l h t n o m h t i w s t n e m y a p y l r e t r a u q 9 n i d i a p e r s i l a p i c n i r P . 5 2 0 2 . s t n e m y a p t s e r e t n i e v i t a r e p o o C n a w i a T m o r f k n a B , 5 y a M o t 3 2 0 2 , 5 y a M e v i t c e f f E - 0 0 0 , 0 0 0 , 2 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 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 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 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 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 ( 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 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 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 ( . t n u o m A . t n u o m a , 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 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 ( . 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 : n o i s r e v n o C f o s m r e T . v i 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 , ” 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 . s d n o b e l b i t r e v n o c 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 e h t f o e u l a v e h t 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 n i d e z i n g o c e r d n a 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 n o i t c u d e r r e t f a , n o i l l i m 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 n o e t a r t s e r e t n i : s w o l l o f s a e r a 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 . % 3 0 . 2 n o i l l i m 0 0 6 $ S U : t n u o m A e u s s I . i . b 298 ) 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 . i i . i i i United Microelectronics Corporation | Annual Report 2020 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 . 8 1 0 2 , 9 y r a u r b e F m o r f e v i t c e f f e 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 2 $ 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 v l e w 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 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 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 r u o f f o l a t o t a h t i w , r e t f a e r e h t t i d e r c f o e n i l d e s u n u e h t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A . 3 2 0 2 , 9 t s u g u A s i , k n a B n o b u F i e p i a T 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 : . y l e v i t c e p s e r , n o i l l i b 2 $ T N d n a . n o i l l i b 8 0 $ T N e r e w B e t o N 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 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 , 9 1 0 2 d n a 0 2 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 6 . 0 $ T N d n a n o i l l i b 7 . 1 $ T N e r e w t i d e r c : C e t o N 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 . 8 1 0 2 , 1 1 r e b m e t p e S m o r f e v i t c e f f e 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 . 5 2 $ 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 e v l e w 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 n o c e s 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 r u o f 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 e h t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A . 3 2 0 2 , 1 1 r e b m e c e D 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 5 . 2 $ T N d n a n o i l l i b 1 $ T N e r e w t i d e r c f o e n i l d e s u n u , k n a B l a i c r e m m o C I G K 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 : D e t o N , 9 1 0 2 , 0 3 r e b m e c e D n o n a o l t i d e r c r a e y - 1 e h t d e v o r p p a k n a B l a i c r e m m o C t s r i F e h t m o r f g n i t r a t s n o i l l i b 2 $ 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 C M U d e r e f f o h c i h w e h t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A . 0 2 0 2 , 0 3 r e b m e c e D o t e t a d l a v o r p p a . y l e v i t c e p s e r , n o i l l i b 2 $ T N d n a l i n e r e w t i d e r c f o e n i l d e s u n u : E e t o N 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 5 1 9 $ 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 9 8 $ T N 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 . a s t i f e n e B t n e m y o l p m E - t s o P ) 5 1 ( , 1 3 r e b m e c e D f o s A n o i t p m e d e R 9 1 0 2 0 2 0 2 s r e d n e L 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 0 , 0 0 0 , 2 $ 0 0 0 , 0 0 5 , 1 $ n a o L g n i v l o v e R d e r u c e s n U , 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 ) 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 , 9 t s u g u A m o r f y l l a u n n a e l b a y a p e R - 0 0 0 , 0 0 7 n a o L g n i v l o v e R d e r u c e s n U h t i w 3 2 0 2 , 9 t s u g u A o t 1 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 k n a B n o b u F i e p i a T m o r f ) B e t o N ( h t i w 2 2 0 2 , 7 2 r e b o t c O o t 1 2 0 2 , 7 2 . s t n e m y a p t s e r e t n i y l h t n o m r e b m e c e D m o r f y l l a u n n a e l b a y a p e R 3 2 0 2 , 1 1 r e b m e c e D o t 1 2 0 2 , 1 1 . 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 t s e r e t n i y l h t n o m h t i w 5 2 0 2 , 5 1 y a M n o e u d t n e m e l t t e S - - 0 0 0 , 0 0 0 , 1 n a o L g n i v l o v e R d e r u c e s n U ) D e t o N ( k n a B I G K m o r f ) C 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 0 0 0 , 0 0 3 n a o L g n i v l o v e R d e r u c e s n U k n a B l a i c r e m m o C t s r i F m o r f r e b o t c O 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 4 , 2 0 0 0 , 0 0 0 , 1 n a o L g n i v l o v e R d e r u c e s n U 0 0 0 , 0 0 4 , 4 0 0 0 , 0 0 5 , 8 ) E e t o N ( l a t o t b u S ) 0 0 0 , 0 0 5 ( ) 0 0 0 , 0 0 0 , 1 ( n o i t r o p t n e r r u C : s s e L 0 0 0 , 0 0 9 , 3 $ 0 0 0 , 0 0 5 , 7 $ l a t o 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 9 1 0 2 0 2 0 2 % 2 2 . 1 ~ % 5 5 . 0 % 0 2 . 1 ~ % 4 8 . 0 d e i l p p a s e t a r t s e r e t n I 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 , 9 1 0 2 d n a 0 2 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 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 . y l e v i t c e p s e r , 9 1 0 2 d n a 0 2 0 2 . y l e v i t c e p s e r , n o i l l i b 5 . 0 $ T N d n a l i n e r e w t i d e r c f o e n i l d e s u n u 299 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 9 1 0 2 0 2 0 2 5 3 3 , 3 5 4 , 1 $ 6 9 6 , 5 8 3 , 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 5 2 2 , 3 1 2 6 3 , 4 9 4 8 2 , 9 0 6 3 , 5 9 ) 0 1 5 6 1 2 ( , ) 0 9 4 2 4 1 ( , 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 4 8 2 , 1 4 5 9 4 , 1 5 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 6 9 6 , 5 8 3 , 1 $ 5 4 3 , 9 9 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 : 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 . y l e v i t c e p s e r , n o i l l i m 5 5 $ T N d n a n o i l l i m 1 6 $ T N e r e w 9 1 0 2 d n a 0 2 0 2 s a s 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 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 9 1 0 2 0 2 0 2 ) 9 6 0 1 1 4 , , 5 ( $ ) 9 9 9 1 6 5 , , 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 6 9 6 , 5 8 3 , 1 5 4 3 , 9 9 3 1 , ) 3 7 3 , 5 2 0 , 4 ( ) 4 5 6 , 2 6 1 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 ) 3 7 3 , 5 2 0 , 4 ( $ ) 4 5 6 , 2 6 1 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 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 % 1 2 % 5 4 % 4 2 % 0 1 % 6 1 % 8 4 % 5 2 % 1 1 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 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 s r e h t O h s a C a s i . . . 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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 , 9 1 0 2 d n a 0 2 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 5 $ T N d n a n o i l l i m 0 4 $ 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 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 s i 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 9 1 0 2 0 2 0 2 ) 9 0 5 , 0 2 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9 0 , 6 0 2 $ 3 6 0 5 5 $ , 0 8 4 8 3 1 , 8 6 3 , 8 9 $ 1 3 7 , 7 0 1 , 3 4 5 3 9 1 $ 9 9 0 , 6 0 2 $ s t n a r G t n e m n r e v o G d e r r e f e D ) 6 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 ) 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 ) 7 1 ( 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 e e y o l p m E 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 0 6 2 , 0 0 3 $ 1 8 6 , 9 2 3 2 6 8 , 8 4 3 2 0 0 , 7 8 3 0 1 8 , 3 2 4 3 1 4 , 0 1 9 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t i l i b a i l d n u f e R 8 7 0 , 5 9 1 $ ) 0 9 3 , 4 0 2 ( $ - $ 8 9 7 , 6 2 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 301 Financial Review 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 9 1 0 2 d n a 0 2 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 : k c o t s y r u s a e r T . b 0 2 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 f o s A , 1 y r a u n a J f o s A , 1 3 r e b m e c e D f o s A , 1 y r a u n a J 0 2 0 2 e s a e r c e D e s a e r c n I 0 2 0 2 e s o p r u P - 0 0 0 , 5 0 1 0 0 0 , 5 0 1 - s e e y o l p m e o t r e f s n a r t r o F 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 ( - - - 9 1 0 2 e s a e r c e D e s a e r c n I 9 1 0 2 e s o p r u P 0 0 0 , 0 0 2 - 0 0 0 , 0 0 2 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 e h t n i a t n i a m o T s e e y o l p m e 0 0 0 , 0 0 7 0 0 0 , 0 2 2 0 0 0 , 0 8 4 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 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 , 9 1 0 2 d n a 0 2 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 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 n o i l l i m 4 2 7 , 1 1 d n a , s e r a h s n o i l l i m 2 2 4 , 2 1 h c i h w f o , 9 1 0 2 d n a 0 2 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 , 9 1 0 2 d n a 0 2 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 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 . 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 8 3 1 d n a n o i l l i m 7 2 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 , 9 1 0 2 d n a 0 2 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 6 3 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 , 9 1 0 2 d n a 0 2 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 2 9 6 d n a s e r a h s . 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 , 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 e l b i t r e v n o c d e r u c e s n u 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 ) 3 1 ( 6 e t o N o t r e f e r e s a e l P 0 2 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 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 . y l e v i t c e p s e r , 9 1 0 2 d n a a n i s e e y o l p m e s t i r o f s k c o t s d e t c i r t s e r d e u s s i y n a p m o C e h t , 0 2 0 2 , 1 r e b m e t p e S n O s a w e c n a u s s i e h T . h c a e 0 1 $ T N f o e u l a v r a p a h t i w s e r a h s n o i l l i m 0 0 2 f o l a t o t e s a e l P . d e t e l p m o c s a w n o i t a r t s i g e r e h t d n a y t i r o h t u a t n e t e p m o c e h t y b d e v o r p p a . i i . i i i . v i . v . i v : k c o t s l a t i p a C . a y t i u q E ) 8 1 ( 302 . t i m i l e h t d e e c x e t o n d i d . s k c o t s d e t c i r t s e r f o n o i t a m r o f n i e h t r o f ) 9 1 ( 6 e t o N o t r e f e r United Microelectronics Corporation | Annual Report 2020 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 9 1 0 2 r o f s g n i n r a e f o n o i t a i r p o r p p a e h T e h t y b d e v o r p p a s a w 0 2 0 2 r o f s g n i n r a e f o n o i t a i r p o r p p a e h t e l i h w , 0 2 0 2 , 0 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 . 1 2 0 2 , 4 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 ( 9 1 0 2 0 2 0 2 9 1 0 2 0 2 0 2 ) 6 2 6 , 1 9 4 , 3 ( ) 6 6 6 7 5 8 , , 2 ( 7 4 9 , 3 6 9 $ 0 9 8 7 9 1 , , 3 $ 5 7 . 0 $ 0 6 1 $ . 5 5 1 , 5 6 7 , 9 2 4 8 5 7 8 , , 9 1 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 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 y b d e v o r p p a 9 1 0 2 r o f s g n i n r a e f o n o i t a i r p o r p p a e h T t n e r a p d n a d e t a d i l o s n o c e h t n i d e s o l c s i d s t n u o m a e h t m o r f t n e r e f f i d s i 0 2 0 2 , 0 1 f o e s u a c e b 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 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 d r o c c a n i e v r e s e r l a i c e p s f o l a s r e v e r e h t r o f d e t a i r p o r p p a e v r e s e r l a g e l l a n o i t i d d a e h t c i m o n o c E f o y r t s i n i M e h t y b d e u s s i y l t n e u q e s b u s 0 8 7 5 0 0 2 0 9 0 1 . o N e l u R e h t h t i w . 0 2 0 2 , 3 h c r a M n o . . C O R . , s r i a f f A 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 a i r p o r p p a 9 1 0 2 d e n o i t n e m e r o f a e h T . 0 2 0 2 , 7 2 l i r p A n o d l e h 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 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 h T . e r a h s r e p 3 5 6 5 9 3 0 8 . 0 $ T N o t d e t s u j d a s a w 9 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 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 t e n e h t r o f e d a m s a w t n e m t s u j d a 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 f o n o i s r e v n o c e h t d n a m a r g o r p e s a h c r u p e r e r a h s . y n a p m o C e h t f o 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 0 2 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 ) 1 2 ( 6 e t o N 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 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 r o s t h g i r 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 e h t y b 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 g n i v i e c e r 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 o t 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 ’ y n a p m o C e h t , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o 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 , 9 1 0 2 d n a 0 2 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 4 . 6 1 $ T N d n a 5 1 . 7 4 $ 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 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 . s n o i t a l u g e r o t n o i t i d d a n i , e c n a l a b g n i n i a m e r a l l i t s s i e r e h t f i d n a , r a e y t n e r r u c e h t r o f s d n e d i v i d t i e t u b i r t s i d l l a h s y n a p m o C e h t , 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 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 . 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 s e r a h s d e r r e f e r p s a y l l a i t n e r e f e r p d e t u b i r t s i d e b y a m , e l b a c i l p p a f i , g n i n i a m e r e h T . v 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 : 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 . % 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 303 Financial Review d e t c i r t s e r e h t , d o i r e p g n i t s e v e h t g n i r u D . n o i t a r e d i s n o c t u o h t i w s k c o t s r i e h t l e c n a c d n a g n i d u l c n i s r e d l o h k c o t s n o m m o c f o e s o h t s a s t h g i r e m a s e h t d e l t i t n e e r a s r e d l o h k c o t s , r e f s n a r t , e e t n a r a u g t e s , e g d e l p , l l e s o t d e t c i r t s e r e r a t u b , s d n e d i v i d e v i e c e r o t t h g i r e h t e b n a c n o i t a m r o f n i d e t a l e R . s y a w r e h t o y n a n i s k c o t s d e t c i r t s e r e h t e s o p s i d r o , t n a r g . 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 r i a f t a d e r u s a e m s a w t n e m y a p d e s a b - e r a h s d e l t t e s - y t i u q e 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 2 $ T N , e t a d t n a r g e h t n o 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 n o d e s a b e u l a v e r a s e e y o l p m e r o f e t a d t n a r g e h t n o d e u s s i s k c o t s d e t c i r t s e r d e t s e v n u e h T . e r a h s r e p t n u o c c a y t i u q e a r t n o c l a n o i t i s n a r t a s a n o i t a s n e p m o c e e y o l p m e d e n r a e n u n i d e z i n g o c e r . d o i r e p g n i t s e v e h t r e v o e s n e p x e n o i t a s n e p m o c s a d e z i t r o m a e b l l a h s t n u o c c a h c u s d n a s a w n o i l l i m 4 0 5 $ T N f o t s o c n o i t a s n e p m o c e h t , 0 2 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 n a p m o C e h t y b s e s n e p x e n i d e z i n g o c e r s t i n u n o i l l i m 3 t n a r g o t n a l p n o i t a s n e p m o c a d e t u c e x e y n a p m o C e h t , 0 2 0 2 r e b m e t p e S n I t u o h t i w y n a p m o C e h t f o s e e y o l p m e d e i f i l a u q o t t h g i r n o i t a i c e r p p a k c o t s d e l t t e s - h s a c f o o t t h g i r a s t n e s e r p e r s e e y o l p m e o t t h g i r n o i t a i c e r p p a k c o t s f o t i n u e n O . n o i t a r e d i s n o c r u o f s i n a l p e h t f o e f i l e h T . y n a p m o C e h t f o e r a h s n o m m o c e n o f o e u l a v c i s n i r t n i e h t s e e y o l p m e e s o h t , t n a r g f o e t a d e h t e c n i s s r a e y o w t f o d n e e h t m o r f g n i n n i g e B . s r a e y e r a y n a p m o C e h t y b t e s s n o i t i d n o c e c n a m r o f r e p d n a d o i r e p e c i v r e s h t o b l l i f l u f o h w e m i t d n a e g a t n e c r e p n i a t r e c t a t h g i r n o i t a i c e r p p a k c o t s d e t s e v e h t o t e l b i g i l e y l l a u d a r g y n a p m o C e h t , s n o i t i d n o c g n i t s e v e h t l l i f l u f o t l i a f o h w s e e y o l p m e e s o h t r o F . e m a r f e h t , d o i r e p g n i t s e v e h t g n i r u D . n o i t a r e d i s n o c t u o h t i w s t h g i r r i e h t w a r d h t i w l l i w f o e s o h t s a s t h g i r e m a s e h t d e l t i t n e t o n e r a t h g i r n o i t a i c e r p p a k c o t s e h t f o s r e d l o h s e e y o l p m e r o f n a l p t h g i r n o i t a i c e r p p a k c o t S . c 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 m o r f d e v i e c e r h s a c e h t 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 e t a d t n a r g e h t n o s e r a h s r o f s a e r e h w , d e t n a r g e c 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 y n a p m o C e h t , t n a r g 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 h t i w s k c o t s e h t g n i t s e v e h t r e v 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 , t n a r g f o e t a d e h t 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 i d o i r e p e h t , 9 1 0 2 d n a 0 2 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 t i u q e n i e s a e r c n i e r e w , y l e v i t c e p s e r , n o i l l i m 6 6 3 $ T N d n a n o i l l i m 7 0 1 $ T N f o t s o c n o i t a s n e p m o c . y n a p m o C e h t y b s e s n e p x e n i d e z i n g o c e r n o i l l i m 5 0 1 r e f f o o t n a l p n o i t a s n e p m o c a d e t u c e x e y n a p m o C e h t , 0 2 0 2 r e b m e t p e S n I n o i t a s n e p m o c e h T . y n a p m o C e h t f o s e e y o l p m e d e i f i l a u q o t k c o t s y r u s a e r t f o s e r a h s 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 d e s a b - d e r a h s e h t r o f t s o c 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 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 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 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 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 4 . 1 2 $ T N s a w 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 e c 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 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 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 h t i w s k c o t s e h t r o f s a e r e h w , d e t n a r g e h t r e v 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 , t n a r g f o e t a d e h t m o r f r a e y 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 i d o i r e p f o t s o c n o i t a s n e p m o c e h t , 0 2 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 t i u q e n i e s a e r c n i . y n a p m o C e h t y b s e s n e p x e n i d e z i n g o c e r s a w n o i l l i m 8 4 3 $ T N o t g n i t e e m r i e h t n i n a l p n o i t a s n e p m o c a d e v o r p p a s r e d l o h k c o t s e h t , 0 2 0 2 , 0 1 e n u J n O . n o i t a r e d i s n o c t u o h t i w y n a p m o C e h t f o s e e y o l p m e d e i f i l a u q o t s k c o t s d e t c i r t s e r e u s s i s i y n a p m o C e h T . s e r a h s n o m m o c n o i l l i m 3 3 2 e r a d e u s s i e b o t s e r a h s m u m i x a m e h T y d o t s u c e h t r e d n u , s t n e m l l a t s n i n i r o e h c n a r t e n o n i s k c o t s d e t c i r t s e r e u s s i o t d e z i r o h t u a n o i t a r t s i g e r e v i t c e f f e e h t g n i v i e c e r f o e t a d e h t m o r f r a e y e n o n i h t i w , n o i t u t i t s n i t s u r t f o s e e y o l p m e r o f n a l p k c o t s d e t c i r t s e R . b . y n a p m o C e h t f o s r e d l o h k c o t s n o m m o c . y t i r o h t u a t n e t e p m o c e h t m o r f l l a c e r l l i w y n a p m o C e h t , s n o i t i d n o c g n i t s e v e h t l l i f l u f o t l i a f o h w s e e y o l p m e e s o h t r o F 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 n e e w t e b e c n e r e f f i d s e r u t u F d n a s e i t i r u c e S e h t y b n o i t a r t s i g e r e v i t c e f f e r o f d e z i r o h t u a s a w n a l p e c n a u s s i e h T s e e y o l p m e r o f k c o t s d e t c i r t s e r f o s e r a h s n o i l l i m 0 0 2 , y l g n i d r o c c a d n a C S F e h t f o u a e r u B r u o f s i n a l p e h t f o e f i l e h T . 0 2 0 2 , 1 r e b m e t p e S n o n o i t a r e d i s n o c t u o h t i w d e u s s i e r e w s e e y o l p m e e s o h t , t n a r g f o e t a d e h t e c n i s s r a e y o w t f o d n e e h t m o r f g n i n n i g e B . s r a e y e r a y n a p m o C e h t y b t e s s n o i t i d n o c e c n a m r o f r e p d n a d o i r e p e c i v r e s h t o b l l i f l u f o h w . e m a r f e m i t d n a e g a t n e c r e p n i a t r e c t a s k c o t s d e t c i r t s e r d e t s e v e h t o t e l b i g i l e y l l a u d a r g 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 d e t u c e x e y n a p m o C e h t , 8 1 0 2 t s u g u A n I r o f t s o c n o i t a s n e p m o c e h T . y n a p m o C e h t f o s e e y o l p m e d e i f i l a u q o t k c o t s y r u s a e r t f o 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 d e s a b - d e r a h s e h t s e e y o l p m e r o f n a l p k c o t s y r u s a e r T . a t n e m y a P d e s a B - e r a h S ) 9 1 ( 304 United Microelectronics Corporation | Annual Report 2020 ) 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 ) 4 5 6 , 9 2 3 ( 8 4 7 , 0 4 4 $ , 4 9 0 1 1 1 $ 0 2 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 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 t n e r r u c , s t e s s a t c a r t n o C . i s e i t i l i b a i l t c a r t n o C . i i . ) 5 ( 9 e t o N , 1 3 r e b m e c e D f o s A 8 1 0 2 9 1 0 2 0 2 0 2 2 0 7 , 7 4 4 $ 4 0 1 , 9 2 0 1 $ , 6 2 5 , 9 7 1 , 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 7 , 7 4 4 $ 0 8 0 , 2 8 4 4 2 0 , 7 4 5 $ 0 8 4 , 6 5 4 6 4 0 , 3 2 7 $ 2 0 7 , 7 4 4 $ 4 0 1 , 9 2 0 1 $ , 6 2 5 , 9 7 1 , 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 s a , y l e v i t c e p s e r , n o i l l i m 9 4 2 $ T N d n a n o i l l i m 0 5 3 $ T N d e z i n g o c e r y n a p m o C e h T 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 0 2 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 . 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s a n o i l l i m 7 8 9 , 2 $ T N d n a n o i l l i m 9 5 7 , 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 , 9 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 . d e n i a r t s n o c e r a e b l l i w d n a l e d o M g n i c i r P n o i t p O s e l o h c S - k c a l B g n i s u y b e t a d t n a r g e h t n o e u l a v d e s u s n o i t p m u s s a e h T . t n e m e l t t e s l i t n u 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 d e r u s a e m e r : w o l e b s a e r a 5 1 . 7 4 $ % 4 6 . 7 3 ~ % 1 7 . 3 3 s r a e y 7 6 . 3 ~ 7 6 . 1 % 3 7 . 4 % 9 1 . 0 ~ % 4 1 . 0 0 2 0 2 , 1 3 r e b m e c e D f o s A ) e r a h s r e p / $ T N ( e t a d t n e m e r u s a e m f o e c i r p e r a h S d l e i y d n e d i v i d d e t c e p x E e t a r t s e r e t n i e e r f - k s i R y t i l i t a l o v d e t c e p x E e f i l d e t c e p x E s a w n o i l l i m 1 1 $ T N f o t s o c n o i t a s n e p m o c e h t , 0 2 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 r o f s e i t i l i b a i l e h t , 0 2 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 s e s n e p x e n i d e z i n g o c e r e u l a v c i s n i r t n i e h T . n o i l l i m 1 1 $ T N o t d e t n u o m a d e z i n g o c e r t h g i r n o i t a i c e r p p a k c o t s . l i n s a w s t h g i r d e t s e v f o s e i t i l i b a i l e h t r o f 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 9 1 0 2 0 2 0 2 7 3 6 , 1 3 7 , 5 1 7 9 , 6 0 7 , 5 9 9 7 , 0 9 8 , 7 1 1 $ 2 3 4 , 3 7 5 , 9 2 1 $ 6 3 4 , 2 2 6 , 3 2 1 $ 3 0 4 , 0 8 2 , 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 9 1 0 2 0 2 0 2 6 5 6 , 0 5 8 3 2 2 , 6 6 4 , 1 0 8 7 , 1 7 7 , 2 2 1 $ 0 8 1 , 4 1 8 , 3 3 1 $ 6 3 4 , 2 2 6 , 3 2 1 $ 3 0 4 , 0 8 2 , 5 3 1 $ 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 y B . i i r e f a W s r e h t O l a t o T e u n e v e r f o n o i t a g e r g g a s i D . a t c u d o r P y B . i s e u n e v e R g n i t a r e p O ) 0 2 ( e m i t n i t n i o p a t A e m i t r e v O l a t o T 305 s e c n a l a b t c a r t n o C . b r i a f t a d e r u s a e m s a w t n e m y a p d e s a b - 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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 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 9 1 0 2 0 2 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 9 7 2 , 0 7 9 , 9 1 $ 2 6 7 , 0 1 0 , 6 $ 7 1 5 , 9 5 9 , 3 1 $ 5 7 3 , 6 6 9 , 2 2 $ 1 8 0 , 7 1 9 , 6 $ 4 9 2 , 9 4 0 , 6 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 5 0 1 , 3 2 1 , 1 2 3 7 , 9 0 3 3 7 3 , 3 1 8 0 1 6 , 8 0 1 , 1 5 7 6 , 5 8 2 5 3 9 , 2 2 8 h t l a e h d n a r o b a L e c n a r u s n i 5 1 8 , 1 5 9 9 1 7 , 8 4 2 6 9 0 , 3 0 7 6 9 3 , 5 5 9 4 3 5 , 1 3 2 2 6 8 , 3 2 7 n o i s n e P 9 3 3 , 7 1 9 3 3 , 7 1 - 9 6 1 , 2 4 9 6 1 , 2 4 - 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$ ) 1 8 5 , 2 9 1 ( $ 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 6 9 2 , 0 9 5 , 4 5 0 8 , 5 1 1 9 4 , 4 7 5 , 4 9 8 1 , 5 6 0 , 3 3 0 1 6 8 0 , 5 6 0 , 3 - - 1 9 4 , 4 7 5 , 4 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 6 8 0 , 5 6 0 , 3 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 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 ) 4 2 ( ) 3 7 1 , 0 2 9 , 2 ( - ) 3 7 1 , 0 2 9 , 2 ( ) 2 3 4 ( ) 1 4 7 , 9 1 9 , 2 ( n o s e c n e r e f f i d e g n a h c x E ) 6 6 3 , 2 2 ( 0 2 3 , 2 4 ) 6 8 6 , 4 6 ( ) 7 6 ( ) 9 1 6 , 4 6 ( 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 1 8 8 , 8 5 5 , 4 $ 4 4 7 , 6 9 $ 7 3 1 , 2 6 4 , 4 $ ) 9 9 4 ( $ 6 3 6 , 2 6 4 , 4 $ ) s s o l ( e m o c n i , 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 , 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 : 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 , 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 ' 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 2 $ T N d n a n o i l l i m 2 $ T N e r e w 9 1 0 2 d n a 0 2 0 2 2 $ T N e r e w 9 1 0 2 d n a 0 2 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 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 d n a n o i l l i m . % 2 . 7 1 y b d e s a e r c n i 0 2 0 2 , 1 3 r e b m e c e D d e d n e r a e y d n a s r o s i v r e p u s f o e c a l p e r n i e e t t i m m o C t i d u A e h t d e h s i l b a t s e s a h y n a p m o C e h T d n a 0 2 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 r e n u m e r ’ s r o s i v r e p u s e h t e r o f e r e h t . l i n h t o b e r e w 9 1 0 2 ) 7 7 2 , 2 2 1 ( $ ) 0 3 1 , 0 3 1 ( $ 2 3 8 , 7 7 5 4 2 , 8 9 8 0 3 , 7 3 1 6 4 0 , 6 1 7 2 7 5 , 9 4 2 6 4 8 , 9 9 8 0 1 , 1 9 1 $ 4 3 3 , 5 3 9 $ 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 9 1 0 2 0 2 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 9 1 0 2 0 2 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 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 ) 3 2 ( s e s s o l d n a s n i a g r e h t O . 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 t e N ) 2 2 ( 4 1 6 , 4 6 9 $ 3 0 0 , 8 2 8 $ 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 n o i t a u l a v n o n i a G - 4 6 5 , 2 5 9 9 4 ) 6 4 7 , 4 4 9 , 1 ( 8 7 1 , 7 1 0 , 1 $ ) 4 4 2 , 6 1 1 , 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 n e m t s e v n i f o l a s o p s i d n o n i a G s r e h t O l a t o T f o t n e m t r a p e D . . S U e h t y b t h g u o r b s e g r a h c e h t r o f s e s s o l e h t d e z i n g o c e r y n a p m o C e h T e s a e l P . s t e r c e s e d a r t f o t f e h t n i e g a g n e o t y c a r i p s n o c f o n o i t a g e l l a g n i d r a g e r e c i t s u J . ) 5 ( 9 e t o N o t r e f e r 307 . c . d . e s t s o c e c n a n i F . b 6 d n a 5 g n i d u l c n i , 9 8 5 , 4 1 d n a 3 1 3 , 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 . y l e v i t c e p s e r , 9 1 0 2 d n a 0 2 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 Financial Review 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 e n e b ( 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 9 1 0 2 d n a 0 2 0 2 , 1 3 . a x a T e m o c n I ) 5 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 ) 1 2 9 4 2 8 ( , 3 7 7 , 3 6 1 $ ) 8 3 2 , 6 4 8 ( 0 1 1 , 9 3 6 $ 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 9 1 0 2 0 2 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 9 6 8 , 3 6 4 2 1 7 , 8 3 2 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 ) 4 3 6 , 6 2 2 ( 7 3 8 , 8 4 7 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 4 8 3 , 8 1 1 ) 6 8 9 8 6 2 ( , ) 8 3 2 , 5 3 1 ( 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 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 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 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 ) 5 1 5 , 4 7 5 ( $ 3 8 1 , 5 4 6 $ s s o l ) 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 ( ) 1 8 2 , 1 2 ( $ 9 1 0 2 6 1 5 , 8 3 $ 0 2 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 ) 9 7 9 , 6 3 1 ( 5 0 8 , 5 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 - 3 0 1 ) 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 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 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 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 , ) 0 6 2 8 5 1 ( $ 4 2 4 , 4 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 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 s n a l p n o i s n e p t i f e n e b 5 0 4 , 8 6 4 5 , ) 9 7 9 6 3 1 ( , 4 8 3 , 5 0 6 5 , - 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 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 308 , 7 4 5 2 1 1 1 , ) 4 0 5 , 5 4 0 1 ( , - - , 7 4 5 2 1 1 1 , ) 4 0 5 , 5 4 0 1 ( , ) 2 7 5 , 6 9 1 2 ( , 2 5 2 , 8 ) 4 2 8 , 4 0 2 2 ( , , 8 9 9 3 2 4 3 $ , , ) 8 0 0 0 5 1 ( $ , 6 0 0 4 7 5 3 $ , - - - 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 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 ) 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 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 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 , 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 , 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 : 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 - $ 6 0 0 , 4 7 5 , 3 $ ) s s o l ( e m o c n i United Microelectronics Corporation | Annual Report 2020 : s w o l l o f s a 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 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 : 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 ( , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 7 7 0 , 1 1 1 , 1 $ 6 3 8 , 8 9 9 $ 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 , - 8 8 8 , 4 2 8 5 6 1 , 0 4 2 9 3 1 , 9 4 4 4 8 3 , 1 0 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 5 4 6 8 6 5 , , 1 2 0 2 , 8 4 3 , 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 2 5 9 5 7 4 , 4 8 0 9 3 1 , 4 7 1 , 1 3 3 2 2 2 , 8 2 1 9 7 8 8 1 6 , , 5 0 1 0 , 2 2 4 , 4 ) 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 ( , ) 8 1 8 , 9 2 6 1 ( , - ) 7 8 6 ( ) 4 3 3 , 9 5 5 ( ) 7 2 8 , 6 6 ( ) 7 4 7 , 1 5 5 ( , ) 5 9 5 8 7 1 1 ( , 1 6 0 9 8 9 , , 3 $ 5 1 4 , 3 4 2 , 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 9 1 0 2 0 2 0 2 3 9 ) 3 3 6 , 6 8 ( ) 8 0 0 , 0 5 1 ( 4 9 2 , 1 2 2 , 4 - ) 1 1 3 , 2 5 8 ( 1 6 0 , 9 8 9 3 , 4 4 7 , 6 9 1 0 2 , 1 2 2 , 4 $ 1 6 0 , 9 8 9 3 $ , ) 9 5 5 ( 7 6 9 , 4 1 9 6 , 3 0 3 2 , 6 1 6 0 , 9 8 9 , 3 $ 5 1 4 , 3 4 2 3 $ , 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 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 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 ) 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 9 1 0 2 0 2 0 2 2 5 2 , 8 $ 0 2 3 , 2 4 $ ) 5 4 ( $ 9 1 0 2 1 9 6 , 3 $ 0 2 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 ) 4 1 5 ( ) 9 5 5 ( $ - ) 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 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 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 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 z i n g o c e R 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 m o r f 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 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 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 1 9 6 , 3 $ 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 e h t t a x a t e r o f e b e m o c n i d n a ) t i f e n e b ( 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 s ’ y n a p m o C 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 9 1 0 2 0 2 0 2 ) 1 2 9 , 4 2 8 ( 0 2 6 , 6 2 8 , 1 ) 8 3 2 , 6 4 8 ( 4 3 9 , 6 6 9 , 5 9 9 0 , 3 3 1 , 9 $ 2 7 6 , 4 3 8 , 9 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 s d o i r e p r o i r p 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 ) 8 1 7 , 0 0 3 ( ) 3 1 0 , 8 6 4 ( 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 ) 7 4 6 , 5 7 ( ) 1 9 3 , 2 4 4 ( 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 t i d e r c x a t 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 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 t a r x a t ) 9 2 0 , 6 1 7 , 1 ( ) 2 2 6 , 2 8 3 , 2 ( 7 4 0 , 6 0 4 ) 5 2 8 , 3 2 1 ( 0 0 8 , 9 2 1 4 5 2 , 3 1 4 0 9 , 0 9 ) 5 1 5 , 4 7 5 ( $ ) 6 8 4 , 6 0 1 ( ) 8 9 8 , 3 5 6 , 1 ( 1 5 0 , 0 7 7 3 3 , 5 2 9 0 5 , 2 8 4 3 8 1 , 5 4 6 $ 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 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 : s e s n e p x e e l b i t c u d e d - n o n ) n i a g ( s s o l t n e m t s e v n I 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 r e h t O 309 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 9 1 0 2 0 2 0 2 8 0 1 , 5 8 7 , 1 1 9 6 9 , 2 7 0 2 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 - 7 4 0 , 0 9 1 1 9 0 3 , 7 5 6 , 5 6 9 2 7 , 5 9 2 , 1 0 3 6 , 3 0 3 ) 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 e e y o l p m e r o f s k c o t s d e t c i r t s e R 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 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 4 8 8 , 0 7 1 , 3 1 7 6 1 , 3 7 4 2 1 , ) s e r a h s d n a s u o h t ( n o i t u l i d 6 7 . 0 $ 5 3 . 2 $ ) 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 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 ) 7 2 ( s n r u t e r x a t e m o c n i , 0 2 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 d a h 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 d e r i p x e 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 , 9 1 0 2 d n a 0 2 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 . y l e v i t c e p s e r , n o i l l i m 9 8 3 , 1 1 $ T N d n a n o i l l i m 3 6 4 , 1 1 $ T N . g 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 8 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 310 : 0 2 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 r a h S r e P s g n i n r a E ) 6 2 ( 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 2 0 2 ) A e t o N ( e g n a h c x e s w o l F h s a C 0 2 0 2 s m e t I 0 5 8 3 8 2 , , 1 $ 0 0 0 0 0 5 , , 8 - $ - , ) 5 6 8 7 7 ( $ 5 6 8 , 5 $ 0 5 8 5 5 3 , , 1 $ s n a o l m r e t - t r o h S - 0 0 0 , 0 0 1 , 4 0 0 0 0 0 4 , , 4 s n a o l m r e t - g n o L 4 8 3 0 9 6 , , 8 1 ) 7 5 1 , 8 8 3 , 6 ( - ) 5 7 8 , 2 0 7 , 3 1 ( , 6 1 4 1 8 7 , 8 3 t n e r r u c ( e l b a y a p s d n o B n o i t r o p t n e r r u c ( ) d e d u l c n i 3 7 9 2 6 1 , - ) 0 7 4 , 1 ( ) 8 6 2 , 0 3 ( , 1 1 7 4 9 1 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 ( ) d e d u l c n i 4 6 5 1 3 8 , , 2 ) 5 1 1 , 2 5 ( ) 0 8 6 , 9 2 ( ) 3 4 7 , 3 2 3 ( 2 0 1 7 3 2 , , 3 s e i t i l i b a i l e s a e L 4 2 6 6 4 7 , , 0 2 4 6 9 , 1 7 3 9 1 2 , 1 8 2 - 1 4 4 3 9 0 , , 0 2 l a i c n a n i f r e h t O ) B e t o N ( ) d e d u l c n i n o i t r o 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 9 1 0 2 0 2 0 2 4 1 6 , 7 0 7 , 9 $ 9 8 4 , 9 8 1 , 9 2 $ e m o c n i t e N 8 0 1 , 5 8 7 , 1 1 9 6 9 , 2 7 0 , 2 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 2 8 . 0 $ 2 4 . 2 $ ) 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 c i s a b - e r a h s r e p s g n i n r a 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 9 1 0 2 0 2 0 2 4 1 6 , 7 0 7 , 9 $ 9 8 4 , 9 8 1 , 9 2 $ d e t u l i d - e r a h s r e p s g n i n r a E 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 1 2 1 , 9 8 2 9 1 0 , 9 6 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 . a . b t n e r r u c n o n - s e i t i l i b a i l 5 3 7 , 6 9 9 , 9 $ 8 0 5 , 8 5 2 , 9 2 $ 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 United Microelectronics Corporation | Annual Report 2020 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 9 1 0 2 0 2 0 2 2 8 6 , 0 3 8 9 4 0 , 0 4 6 2 6 , 2 8 1 , 5 9 5 1 , 5 2 7 0 6 , 1 0 5 2 , 1 6 1 , 0 4 2 , 1 5 3 3 , 6 3 7 , 7 4 $ 1 8 9 , 7 5 3 9 4 $ , 2 9 6 , 9 8 7 , 3 5 $ 8 0 9 , 4 2 1 3 5 $ , , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 6 0 7 , 7 3 9 , 5 $ 2 9 7 , 2 0 4 5 $ , 0 4 5 , 9 7 8 2 , 3 9 3 8 5 , 4 5 6 9 1 1 , 6 7 6 5 , 5 3 3 6 0 , 7 1 1 ) 0 8 1 , 1 1 ( ) 2 0 8 , 4 1 ( 6 1 1 , 5 9 6 , 6 1 4 5 , 1 6 5 5 , 6 3 9 , 3 8 6 , 6 $ 9 3 7 , 6 4 5 5 $ , 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 t e n , 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 - 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 - 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 f o s A , 1 3 r e b m e c e D s r e h t O 0 5 8 , 5 5 3 , 1 $ 0 0 0 , 0 0 4 , 4 9 1 0 2 - $ - ) A e t o N ( 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 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 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 , 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 ) d e d u l c n i n o i t r o p 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 ( 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 t n e r r u c n o n - s e i t i l i b a i l 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 : C e t o N . s d n o b e l b i t r e v n o c s ’ y n a p m o C e h t r o f ) 3 1 ( 6 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 s e g n a h c h s a c - 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 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 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 3 8 4 , 2 9 2 $ , 1 9 1 9 5 2 $ , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 8 4 2 9 5 8 6 1 , 8 6 2 6 3 9 5 0 1 , 1 9 2 , 1 0 3 $ , 2 1 3 0 6 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 - 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 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 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 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 ) - 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 . P R O C Y G O L O N H C E T N O R C M N U 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 311 Financial Review 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 0 9 9 , 9 5 1 $ 9 1 0 2 7 4 1 , 2 5 3 1 , 2 6 2 7 2 , 4 2 2 $ 9 7 7 , 7 0 3 $ 5 5 2 , 2 7 1 3 , 3 2 3 1 5 3 , 3 3 6 $ 0 2 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 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 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 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 : 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 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D f o s A d n a l r o f l a r e t a l l o C u a e r u B k r a P e c n e i c S 1 6 3 , 1 3 3 0 3 5 , 7 1 2 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 u a e r u B k r a P e c n e i c S 0 1 5 , 9 1 5 1 2 , 8 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 5 8 7 , 1 4 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 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 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 5 3 0 , 0 1 8 $ 2 7 0 , 1 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 n a w i a T e c n a m r o f r e p k n a B 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 e e t n a r a u g ) t i s o p e d e m T ( i 1 9 6 , 2 0 2 , 2 $ 2 0 6 , 8 8 0 , 2 $ l a t o T / l a s o p s i D n i a g d e r r e f e D l a s o p s i D t n u o m a m e t I 0 2 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 3 5 1 , 4 8 1 $ 0 7 2 , 8 7 4 $ 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 e i r a i d i s b u S / l a s o p s i D n i a g d e r r e f e D l a s o p s i D t n u o m a m e 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 2 2 4 , 5 4 $ 2 9 0 , 7 8 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 s e i r a i d i s b u 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 3 6 4 , 9 3 3 $ 5 2 4 , 5 3 3 $ 9 1 0 2 0 2 0 2 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 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 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 312 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 9 1 0 2 0 2 0 2 5 8 0 , 5 5 7 , 1 $ 7 5 6 , 4 5 7 , 1 $ 2 0 3 , 8 4 4 $ 9 2 3 , 2 2 5 $ , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 0 2 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 e r u t i d n e p x e k s a M e s a e l P s r e h t O . c 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 9 1 0 2 0 2 0 2 s m e t I . 9 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 United Microelectronics Corporation | Annual Report 2020 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 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 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 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 l a w a r d h t i w d e v o r p p a t r u o c 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 l i t s e r a s n o i t c a o w t r e h t o e h t e l i h w n o i t o m r u o n o 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 h t f o e n o f o . l a i r t n o 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 s a h y n a p m o C e h t , s e d i s e B . 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 e h t o t t c e p s e r h t i W . 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 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 m u d n a r o m e m g n i c n e t n e s a d e l i f y n a p m o C e h t , 0 2 0 2 , 2 2 r e b o t c O n o , s g n i d e e c o r p l a n i m i r c 0 6 $ S U f o e n i f a y a p o t d n a e g r a h c r e s s e l a o t y t l i u g d a e l p o t g n i s o p o r p , t r u o c e h t h t i w g n i c n e t n e s d e n o i t n e m - e v o b a e h t d e v o r p p a t r u o c e h t , 0 2 0 2 , 9 2 r e b o t c O n O . n o i l l i m e h T . d e s s i m s i d e b l l i w t i u s l i v i c l e l l a r a p e h T . y n a p m o C e h t y b d e t t i m b u s m u d n a r o m e m . s e s s o l r e h t o g n i t a r e p o - n o n n i e n i f e h t d e d r o c e r s a h y n a p m o C 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 s 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 o i t a i d e m e h t y l t n e r r u C . 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 s l e s n u o c d e t n i o p p a d n a l a i r e t a m t c e p x e t o n s e o d y n a p m o C e h T . l a i r t r e d n u w o n d n a d e t e l p m o c n e e b s a h s s e c o 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 ) 6 ( . m i a l c s i h t m o r f g n i t l u s e r t c a p m i l a i c n a n i f 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 . e n o N 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 . e n o 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 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 , 0 2 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 6 . 3 $ 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 , 0 2 0 2 , 1 3 r e b m e c e D . n o i l l i b 0 . 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 , 0 2 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 0 $ 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 ’ y t i r o h t u a t n e m n r e v o g . . 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 . s e c i v r e s m o r f s t n e m l a t s n i n i M X C S U 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 d e n i a t b o y n a p m o C e h t t a h t t n e m e e r g a e h t o t g n i d r o c c a , 8 1 0 2 r e b m e t p e S o t 5 1 0 2 y r a u n a J y n a p m o C e h t , t n e m e e r g a e h t n o d e s a b , e r o m r e h t r u F . l o r t n o c e s i c r e x e o t y t i l i b a 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 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 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 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 ) 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 , 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 r o t s e v n i r e h t o 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 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 ( 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 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 d e g e l l a t i u s a n i g n u h c i a T f o t r u o C t c i r t s i D e h t y b d e u s s i g n i l u r e s r e v d a n a , 0 2 0 2 , 2 1 e n u J e h t n i d e g a g n e e e y o l p m e r e m r o f a d n a s e e y o l p m e t n e r r u c s t i f o o w t , y n a p m o C e h t t a h t l a i c n a n i f l a i r e t a m t c e p x e t o n s e o d y n a p m o C e h T . s t e r c e s e d a r t f o n o i t a i r p o r p p a s i m . e c n e t n e s e h t t s n i a g a l a e p p a o t s d n e t n i y n a p m o C e h T . m i a l c s i h t m o r f g n i t l u s e r t c a p m i 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 n O . 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 y n a p m o C 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 d e m i a l c N O R C M 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 t r u o c e h t d e t s e u q e r 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 y n a p m o C e h T . n o i t s e u q n i . t r u o c e h t y b d e y a t s n e e b s a h t n i a l p m o c l i v i c e h t y l t n e r r u C . s e g r a h c 313 Financial Review 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 k s i r y c n e r r u c n g i e r o F 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 9 1 0 2 d n a 0 2 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 9 0 0 , 1 $ T N d n a n o i l l i m 3 8 8 $ T N y b s e s a e r c n i / s e s a e r c e d 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 ) 4 1 ( 6 d n a ) 3 1 ( 6 , ) 1 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 k s i r e t a r t s e r e t n I 8 2 2 , 4 1 1 , 5 $ 7 9 5 , 8 8 3 , 4 1 9 1 0 2 9 3 6 , 0 5 9 , 9 2 4 4 , 6 6 9 , 5 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A 3 3 9 , 4 0 8 3 0 1 , 0 3 5 , 6 6 2 5 1 , 1 1 3 , 1 2 2 9 3 , 2 3 5 , 2 5 4 1 , 5 4 0 , 9 6 7 8 6 , 9 9 2 , 1 2 5 8 2 , 3 5 2 , 2 7 4 3 , 4 2 1 , 3 1 5 0 4 , 1 8 6 , 0 1 1 $ 5 4 5 , 9 3 6 , 1 2 1 $ - $ 9 1 0 2 6 2 3 , 2 $ 0 2 0 2 , 1 3 r e b m e c e D f o s A 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 2 0 1 , 7 3 2 , 3 6 1 4 , 1 8 7 , 8 3 1 4 4 , 3 9 0 , 0 2 3 7 9 , 2 6 1 0 5 8 , 3 8 2 , 1 5 3 6 , 9 1 2 , 2 2 0 0 0 , 0 0 5 , 8 4 6 5 , 1 3 8 , 2 4 8 3 , 0 9 6 , 8 1 4 2 6 , 6 4 7 , 0 2 2 0 8 , 9 9 6 , 6 8 $ 6 5 3 , 7 3 4 , 4 7 $ 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 r e h t o 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 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 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 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 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 s e i t i l i b a i l e s a e L l a t o T 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 s t i 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 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 ( 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 1 314 United Microelectronics Corporation | Annual Report 2020 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 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 9 1 0 2 d n a 0 2 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 - - - - - - - - 0 2 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 3 9 3 , 5 1 8 , 1 2 7 5 , 3 2 5 1 5 7 , 0 0 4 , 1 2 - 3 3 3 , 0 8 2 , 4 8 1 4 , 0 2 1 , 7 1 - 3 7 9 , 2 6 1 2 6 3 , 3 7 0 , 2 2 1 0 0 , 2 2 4 , 9 1 7 0 1 , 0 9 7 , 8 3 2 3 , 6 4 2 , 3 7 9 4 , 0 0 3 , 1 $ - $ - $ - - 1 2 0 , 3 6 5 , 8 1 5 8 , 6 4 3 , 2 - $ - 3 7 9 , 2 6 1 - 3 9 3 , 4 8 4 , 8 5 7 7 , 2 5 3 , 5 0 0 1 , 9 9 5 7 8 5 , 4 7 3 , 2 1 8 4 , 0 9 0 , 1 8 5 2 , 8 0 3 2 6 3 , 3 7 0 , 2 2 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 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 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 4 1 0 , 6 9 3 , 6 7 $ 3 9 3 , 5 1 8 , 1 $ 7 7 7 , 3 1 7 , 5 1 $ 9 5 6 , 9 1 7 , 1 3 $ 5 8 1 , 7 4 1 , 7 2 $ l a t o T 2 4 4 , 3 9 3 $ ) 8 6 7 , 5 9 3 ( ) 6 2 3 , 2 ( $ - $ - - $ - $ - - $ - $ - - $ 2 4 4 , 3 9 3 $ ) 8 6 7 , 5 9 3 ( ) 6 2 3 , 2 ( $ 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 t n e m e l t t e s s s o r G s e i t i l i b a i l d r a w r o F e g n a h c x e s t c a r t n o c l a i c n a n i f e v i t a v i r e D w o l f t u O w o l f n I t e N 7 9 4 , 0 0 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 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 0 2 6 , 9 8 3 , 1 $ - $ - $ - - - 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 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 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 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 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 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 4 7 1 $ T N d n a n o i l l i m 3 9 1 $ T N y b 9 1 0 2 d n a 0 2 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 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 1 7 6 $ T N d n a n o i l l i m 3 5 4 $ T N y b 9 1 0 2 d n a 0 2 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 ( 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 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 , 9 1 0 2 d n a 0 2 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 % 4 8 d n a % 1 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 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 t n e m e g a n a m k s i r y t i d i u q i L ) 5 ( 315 . y l e v i t c e p s e r , n o i l l i m 6 $ T N d n a n o i l l i m 0 1 $ 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 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 : 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 0 2 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 8 1 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, 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 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 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 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 , 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 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 ( 316 0 2 0 2 , 1 3 r e b m e c e D f o s A : s w o l l o f 1 2 0 2 , 5 y r a u r b e F 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 ~ 0 2 0 2 , 1 1 r e b m e c e D n o i l l i m 2 8 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 9 1 0 2 , 1 3 r e b m e c e D f o s A . e n o N 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 ( 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 United Microelectronics Corporation | Annual Report 2020 d e d n e s r a e y e h t r o f n o i l l i m 5 6 1 $ T N d n a n o i l l i m 5 0 3 $ T N f o ) s s o l ( t i f o r p l a t o t e h T e h t o t e l b a t u b i r t t a s i t a h t s s o l r o t i f o r p n i d e d u l c n i e r e w , 9 1 0 2 d n a 0 2 0 2 , 1 3 r e b m e c e D d e t o u q t u o h t i w s t e s s a l a i c n a n i f e s o h t o t g n i t a l e r s e s s o l r o s n i a g d e z i l a e r n u n i e g n a h 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 t a d l e h s e c i r p t e k r a m 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 : s w o l l o f s a e r a y h c r a r e i h 0 2 0 2 , 1 3 r e b m e c e D f o s A 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 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 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 n o i t a u l a V e u q i n h c e t f o y r o g e t a C y t i u q e s e i t i r u c e 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 ) 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 6 9 $ T N y b 0 2 0 2 , n o i l l i m 8 4 $ 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 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 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 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 t i l i b a t e k r a m f o k c a l h c a o r p p A k c o t s 9 1 0 2 , 1 3 r e b m e c e D f o s A 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 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 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 n o i t a u l a V e u q i n h c e t f o y r o g e t a C y t i u q e s e i t i r u c e 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 ) 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 ( 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 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 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 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 t i l i b a t e k r a m f o k c a l h c a o r p p A k c o t s 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 , 9 1 0 2 d n a 0 2 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 w o l l o f s a s i 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 n o i t a i l i c n o c e R . 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 ) 2 2 0 , 9 7 ( ) 9 4 3 , 5 ( ) 3 7 6 , 3 7 ( - - - - 0 5 6 , 4 0 3 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 $ l a t o T k c o t s k c o t s k c o t s 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 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 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 s s o l r o t i f o r p 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 ( - - 7 6 2 , 2 9 8 $ 5 4 1 , 0 7 1 $ 2 2 1 , 2 2 7 $ 1 4 6 , 3 1 9 , 1 $ - - - 2 2 7 , 4 6 1 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 $ l a t o T k c o t s k c o t s k c o t s 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 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 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 s s o l r o t i f o r p 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 $ 0 2 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 e v i s n e h e r p m o c ) s s o l ( e m o c n i , 1 3 r e b m e c e D f o s A 0 2 0 2 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 e v i s n e h e r p m o c ) s s o l ( e m o c n i , 1 3 r e b m e c e D f o s A l a s o p s i D 9 1 0 2 317 Financial Review e h t n a h t r e h t o s e i c n e r r u c n g i e r o f e h t y b d e z i r a m m u s s a w n o i t a m r o f n i g n i w o l l o f e h T e t a l s n a r t o t d e s u e r e w d e s o l c s i d s e t a r e g n a h c x e e h T . y n a p m o C e h t f o y c n e r r u c l a n o i t c n u f 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 e h T . y c n e r r u c l a n o i t c n u f e h t o t n i s e i c n e r r u c n g i e r o f e h t : s w o l l o f s a 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 , 1 3 r e b m e c e D f o s A 9 1 0 2 0 2 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 2 2 8 , 4 7 4 , 1 9 1 4 7 . 0 7 9 1 , 6 6 4 9 6 , 3 3 0 , 1 9 5 5 7 . 0 1 0 1 , 8 4 4 6 8 , 6 4 9 , 6 1 $ 3 0 . 0 3 1 3 3 , 4 6 5 $ 2 1 9 , 6 9 8 , 7 1 $ 3 4 . 8 2 8 0 5 , 9 2 6 $ 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 T N D S U : D S U D G S : s m e t i y r a t e n o M - n o N 2 7 3 , 7 2 1 , 1 3 0 . 0 3 2 4 5 , 7 3 4 7 8 , 0 6 3 , 1 3 4 . 8 2 8 6 8 , 7 4 D T N D S U : 5 7 4 , 6 2 5 , 6 3 1 . 0 3 1 1 6 , 6 1 2 2 0 1 , 0 3 7 , 6 3 5 . 8 2 6 9 8 , 5 3 2 8 6 5 , 1 5 8 , 1 4 5 4 7 . 0 1 0 3 , 2 8 0 2 2 , 3 9 8 , 1 6 9 5 7 . 0 0 9 1 , 7 8 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 T N D S U : D S U D G S : e h t f o s m r e t n i d e s s e r p x e e r a e v o b a d e n o i t n e m 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 e h T : A e t o N 3 8 9 , 4 9 0 , 0 2 6 4 3 . 4 8 8 7 , 3 2 6 , 4 8 4 3 , 8 4 7 , 0 2 5 0 4 . 4 1 8 1 , 0 1 7 , 4 ) C e t o N ( : D T N B M R . n o i t a n i m i l e e r o f e b t n u o m a 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 0 2 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 , 4 8 3 0 9 6 8 1 $ , , 0 0 0 0 0 5 8 , 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 - $ - - $ 7 9 5 , 1 6 8 , 8 1 $ 7 9 5 , 1 6 8 , 8 1 $ t n e r r u c ( s e l b a y a p s d n o B , 0 0 0 0 0 5 , 8 - 0 0 0 , 0 0 5 , 8 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 9 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 r o f 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 e h t o t r e f e r e s a e l P : B e t o N e r e h t e c n i S . s s o l d n a n i a g e g n a h c x e n g i e r o f d e z i l a e r n u d n a d e z i l a e r f o l a t o t e h t n i h t i w s e i c n e r r u c l a n o i t c n u f d n a 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 f o s e i t e i r a v e r e w n g i e r o f e s o l c s i d o t e l b a n u s a w y n a p m o C e h t , y n a p m o C e h t f o s e i r a i d i s b u s e h t . t c a p m i t n a c i f i n g i s h t i w y c n e r r u c n g i e r o f h c a e s d r a w o t ) s s o l ( n i a g e g n a h c x e . 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 : C e t o N t n e m e g a n a m l a t i p a C ) 9 ( g n i y r r a C 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 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 $ , , 0 0 0 0 0 4 4 , - $ - , 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 , 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 ) 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 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 318 United Microelectronics Corporation | Annual Report 2020 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 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 e s a e l P : 0 2 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 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 . 5 t n e m h c a t t A o t r e f e r . s e i t i l i b a i l 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 o t r e f e r e s a e l P : 0 2 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 . 6 t n e m h c a t t A 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 . 7 t n e m h c a t t A o t r e f e r e s a e l P : 0 2 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 . 8 t n e m h c a t t A o t r e f e r e s a e l P : 0 2 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 0 2 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 . 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 ( t n e m h c a t t A o t r e f e r e s a e l P : 0 2 0 2 , 1 3 r e b m e c e D f o s a s r e d l o h e r a h s r o j a m f o n o i t a m r o f 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 . f . g . h . i . j . k 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 . 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 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 1 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 9 1 0 2 d n a 0 2 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 9 1 0 2 0 2 0 2 % 5 4 . 2 1 % 8 6 . 5 7 0 6 , 6 4 9 , 5 9 $ 0 2 3 , 8 3 2 , 3 8 $ ) 6 3 8 , 4 3 5 , 6 6 ( ) 6 9 8 , 9 4 0 , 9 6 ( 1 7 7 , 1 1 4 , 9 2 4 2 4 , 8 8 1 , 4 1 7 5 3 , 4 0 8 , 6 0 2 6 4 7 , 9 5 6 , 5 3 2 8 2 1 , 6 1 2 , 6 3 2 $ 0 7 1 , 8 4 8 , 9 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 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 : 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 . b o t r e f e r e s a e l P : 0 2 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 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 : 0 2 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 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 . 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 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 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 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 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 . 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 . 4 t n e m h c a t t A o t r e f e r e s a e l P : 0 2 0 2 , 1 3 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 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 ( 0 2 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 . b . c . d 319 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 l a r e t a l l o C 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 8 9 8 , 3 6 2 , 4 9 $ 5 7 9 , 5 6 5 , 3 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 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 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 % 6 5 . 2 - % 3 1 0 0 9 . 0 e t a r t s e r e t n I - $ 0 0 1 , 9 1 5 , 0 1 $ 0 0 5 , 3 9 7 , 2 1 $ s e Y 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 ) 0 2 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 ( 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 - 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 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 . 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 ( . 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 : 2 e t o N United Microelectronics Corporation | Annual Report 2020 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 6 8 8 , 6 4 0 , 6 0 1 $ % 1 1 . 8 - $ ) 5 e t o N ( 4 6 1 , 0 5 3 , 0 1 $ ) 5 e t o N ( 5 2 5 , 2 2 1 , 9 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 5 2 5 , 2 2 1 , 9 1 $ 6 8 8 , 6 4 0 , 6 0 1 $ 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 f o t i m L i y t r a p g n i v i e c e R e m a n y n a p m o C R O T C U D N O C M E S I D E T I N U 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 N O I T A R O P R O C . o N ) 1 e t o N ( 0 8 8 7 , 7 1 0 , 0 1 $ % 8 9 . 0 3 - $ 8 1 1 , 4 6 5 , 4 $ 7 0 6 , 6 9 8 , 6 $ 5 6 7 , 1 6 3 , 8 $ 8 8 7 , 7 1 0 , 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 ) 6 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 ) 6 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 p i h s n o i t a e l e R ) 2 e t o N ( 6 R O T C U D N O C M E S I . D T L , . O C ) U O H Z U S ( D E T I N U Y G O L O N H C E T N A I J E H 1 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 ( y t r a p g n i v i e c e R . D T L , . O C ) N E M A X 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 ) 0 2 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 . D T L , . O C ) N E M A X I ( . n o i l l i m 1 4 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 n a o l d e t a c i d n y s r o f 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 3 1 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 n a o l d e t a c i d n y s r o f 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 . n o i l l i m 0 0 9 Y N C o t d e t n u o m a t n e m e e r g a s n a o l m r e t - t r o h s r o f 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 n a n o i l l i m 2 3 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 , 0 2 0 2 , 9 2 y l u J n O . 0 2 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 . n o i l l i b 7 9 . 1 Y N C o t d e t n u o m a t n e m e e r g a s n a o l r o f 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 n a n o i l l i m 0 0 9 Y N C o t d e t n u o m a t n e m e e r g a s n a o l m r e t - t r o h s r o f t n e m e s r o d n e e h t e s a e r c e d o t . 0 2 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 : 6 e t o N . n o i l l i b 5 3 . 0 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 , 0 2 0 2 , 1 3 r e b m e c e D f o s A . n o i l l i b 7 9 . 1 Y N C d n a n o i l l i m 1 7 3 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 . 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 9 2 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 , 0 2 0 2 , 6 1 r e b m e c e D n O . n o i l l i m 2 3 D S U o t d e t n u o m a n a o l d e t a c i d n y s r o f 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 , 0 2 0 2 , 9 2 r e b o t c O n O 321 . 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 : 5 e t o N . 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 . 0 2 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 . 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 : 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 y b . 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 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 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 ( 0 2 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 ( ) 0 2 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 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 e n o N 0 2 7 , 9 8 1 $ e n o N 3 7 8 , 3 9 e n o N 0 0 2 , 7 0 3 e n o N 5 4 8 , 4 9 1 e n o N 6 5 9 , 2 9 e n o N 0 4 7 , 0 7 1 e n o N e n o N - - e n o N 3 7 6 , 7 0 6 , 1 e n o N 2 1 0 , 8 6 4 e n o N 9 2 6 , 5 4 4 , 1 e n o N - e n o N 7 0 3 , 5 8 1 e n o N 4 7 7 , 1 1 7 e n o N 1 0 6 , 3 4 4 e n o N 8 2 7 , 2 3 e n o N e n o N e n o N - - - e n o N 0 0 0 , 0 2 e n o N 5 4 6 , 9 3 0 , 2 e n o N 2 2 1 , 2 2 7 e n o N 4 7 6 , 0 5 9 e n o N 3 5 0 , 8 6 0 , 6 e n o N 5 4 1 , 0 7 1 0 7 . 1 5 2 . 1 3 1 . 1 0 3 . 0 2 2 . 0 1 2 . 0 3 6 . 7 1 5 7 . 5 1 9 7 . 9 9 2 . 9 6 6 . 7 1 7 . 4 9 2 . 4 8 6 . 1 8 9 . 0 3 8 . 0 2 7 . 0 - - - 2 0 . 9 1 7 6 . 2 1 7 6 . 8 0 7 . 2 - 0 2 7 , 9 8 1 $ 0 0 0 , 8 1 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 3 7 8 , 3 9 0 0 2 , 7 0 3 5 4 8 , 4 9 1 6 5 9 , 2 9 0 4 7 , 0 7 1 - - 3 7 6 , 7 0 6 , 1 2 1 0 , 8 6 4 9 2 6 , 5 4 4 , 1 - 7 0 3 , 5 8 1 4 7 7 , 1 1 7 1 0 6 , 3 4 4 8 2 7 , 2 3 - - - 0 0 0 , 0 2 8 0 2 , 1 0 0 6 , 1 6 8 5 5 7 6 , 2 7 5 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 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 , 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 . I P R O C G N N M 8 T U H I . C N I , I G N G A M I T R A X I P M R E T V A C I ) D N A L E R I ( S T N E M T S E V N I L A B O L G C R A D E R . D T L , . I O C S C N O R T C E L E N A U Y G N K I . I P R O C S C N O R T C E L E N O S I H 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 D N U F Y T I D U Q I L I . 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 . 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 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 . 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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 d e r r e f e r P - k c o t S United Microelectronics Corporation | Annual Report 2020 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 ( 0 2 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 ( ) 0 2 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 ( . 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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 E - C N O R T P S I D N U F . P R O C N O R T N E I L C . C N I I S C N O T O H P A R E T N E C . C N I . 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 , . I O C L A C D E M S U I S L E C X E . C N I I I L A D E M O B E Y E D E R N A W A T I . 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 O C S G N D L O H S C M O N E G T C A I . C N I Y G O L O N H C E T K A P M A . C N I Y G O L O N H C E T S S A P M E , 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 , . 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 . 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 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 k c o t S k c o t S k c o t S d n u F k c o t S 323 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 ( 0 2 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 ( ) 0 2 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 ( 324 . 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 6 5 8 , 3 7 3 $ e n o N 8 1 5 , 5 1 e n o N 8 0 0 , 3 7 e n o N 0 9 1 , 6 2 e n o N 4 3 0 , 7 7 e n o N 0 0 0 , 5 8 1 e n o N 0 5 6 , 3 2 e n o N 2 1 4 , 8 7 e n o N 6 1 4 e n o N 3 6 0 , 0 3 e n o N - e n o N 2 6 8 , 6 e n o N 0 8 4 , 7 e n o N 5 1 7 , 9 3 e n o N 8 5 e n o N 0 0 7 , 8 e n o N 3 3 4 , 9 4 1 e n o N 1 1 8 , 4 1 1 e n o N - e n o N 6 7 4 , 3 e n o N 4 9 5 , 7 2 e n o N 1 9 2 , 6 5 e n o N 6 2 3 , 9 4 e n o N 0 5 7 , 0 1 e n o N 7 5 3 , 6 e n o N 1 5 4 , 7 4 e n o N 2 2 8 , 9 4 e n o N 5 2 1 , 2 3 0 7 . 2 5 1 . 2 7 0 . 2 6 0 . 2 9 8 . 1 3 6 . 1 1 5 . 1 8 0 . 1 7 0 . 1 2 0 . 1 0 7 . 0 8 6 . 0 3 6 . 0 6 4 . 0 4 0 . 0 2 0 . 0 - - - - - - - - - - - - 6 5 8 , 3 7 3 $ 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 8 1 5 , 5 1 8 0 0 , 3 7 0 9 1 , 6 2 4 3 0 , 7 7 0 0 0 , 5 8 1 0 5 6 , 3 2 2 1 4 , 8 7 6 1 4 3 6 0 , 0 3 - 2 6 8 , 6 0 8 4 , 7 8 5 5 1 7 , 9 3 0 0 7 , 8 3 3 4 , 9 4 1 1 1 8 , 4 1 1 - 6 7 4 , 3 4 9 5 , 7 2 1 9 2 , 6 5 6 2 3 , 9 4 0 5 7 , 0 1 7 5 3 , 6 1 5 4 , 7 4 2 2 8 , 9 4 5 2 1 , 2 3 - 7 2 6 0 0 5 , 1 4 9 6 0 0 0 , 4 0 5 5 5 1 6 1 3 1 8 8 8 0 3 9 , 9 4 1 5 0 0 0 , 1 0 0 3 , 1 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 2 1 1 1 3 9 4 4 , 1 0 5 2 , 2 0 0 4 , 2 0 0 1 0 6 9 7 3 5 5 4 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 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 R E W O P I ) . P R O C Y G R E N E . 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 . 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 L A N O I T A N R E T N I P O T L A W . 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 T C U D O R P R E M U S N O C U Y G N O O F N E U Y . C N I I S S E N I S U B E C V R E S G N I L B A N E - E R E C A . D T L , . O C R O T C U D N O C M E S N A W A T I I . D T L , . P R O C Y G O L O N H C E T C E T I H C . C N I , S L A C I T U E C A M R A H P A S O M R O F . . P L D N U F ) . I . C ( V X E T R E V . C N I Y G O L O N H C E T 3 M . 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 , I A D E M E T R O F . 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 . 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 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 . D T L , . O C P U O R G Y G O L O N H C E T Y G R E N E N A U G G N O E Y s d n o b e l b i t r e v n o C . 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 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 . C N I Y G O L O N H C E T E S A B I s d n o b e l b i t r e v n o C . C N I I S L A R E T A M O R T C E L E H A W G N A H C . C N I E N I L N O E M O H C P . 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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 United Microelectronics Corporation | Annual Report 2020 e n o N 8 0 3 , 4 2 $ e n o N 5 0 5 , 5 7 5 e n o N 2 1 1 , 8 5 7 - 0 0 . 7 3 1 . 0 8 0 3 , 4 2 $ 5 0 5 , 5 7 5 2 1 1 , 8 5 7 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 0 2 0 2 , 1 3 r e b m e c e D 0 5 2 0 0 5 , 0 1 9 7 0 , 6 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 ( 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 ( 0 2 0 2 , 1 3 r e b m e c e D 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 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 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 - - . 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 . 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 s d n o b e l b i t r e v n o C k c o t S k c o t S . D T L , . O C L A T I P A C C L 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 ( ) 0 2 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 7 9 9 , 9 4 1 $ e n o N 9 5 8 , 1 8 1 e n o N 0 2 3 , 0 8 e n o N 2 0 9 , 9 5 e n o N 0 0 2 , 6 2 3 e n o N 2 9 6 , 6 5 e n o N 0 2 4 , 9 e n o N 0 0 5 , 7 2 e n o N 4 4 9 , 4 6 1 e n o N 0 1 2 , 0 1 e n o N - e n o N 3 9 e n o N 0 1 6 , 3 0 1 e n o N 0 0 4 , 4 2 e n o N 9 6 8 , 7 9 4 e n o N 2 5 1 , 8 4 1 e n o N 7 3 5 , 6 4 e n o N - e n o N 0 5 2 , 6 4 e n o N 0 5 2 , 6 4 - 8 1 . 8 1 3 1 . 6 1 9 9 . 3 1 0 0 . 3 1 9 9 . 0 1 1 9 . 4 2 6 . 4 4 2 . 4 7 2 . 3 0 2 . 3 7 6 . 2 6 8 . 1 6 8 . 0 7 7 . 0 4 6 . 0 4 6 . 0 6 4 . 0 1 4 . 0 5 2 . 0 7 9 9 , 9 4 1 $ 9 5 8 , 1 8 1 0 2 3 , 0 8 2 0 9 , 9 5 0 0 2 , 6 2 3 2 9 6 , 6 5 0 2 4 , 9 0 0 5 , 7 2 4 4 9 , 4 6 1 0 1 2 , 0 1 - 3 9 0 1 6 , 3 0 1 0 0 4 , 4 2 9 6 8 , 7 9 4 2 5 1 , 8 4 1 7 3 5 , 6 4 - 0 5 2 , 6 4 0 5 2 , 6 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 , 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 5 , 0 5 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 3 1 3 3 4 , 6 0 0 2 , 1 5 3 4 , 5 - 0 0 0 , 1 - 7 1 1 3 8 1 , 3 0 0 0 , 1 2 2 4 , 1 8 7 9 , 1 5 6 3 0 7 4 , 6 0 0 0 , 1 0 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 - - - - - - - - - - - - - - - - - - - - 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 , . 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 . I P R O C S L A R E T A M E C N A V D A . I D T L T N E M N A T R E T N E G N K N W I I . 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 L , D N U F A I S A L A T I P A C I Y R E V E . . P L , I I D N U F A I S A L A T I P A C I Y R E V E . D T L L A N O I T A N R E T N I E L U O J E 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 . D T L , . O C S T C U D O R P R E M U S N O C U Y G N O O F N E U Y ) . P R O C Y G R E N E . P R O C L E E T S N E E R G R E V E . 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 . . 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 P U O R G H C E T I D E M A D N U S 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 , S L A C I T U E C A M R A H P A D N A H . C N I N U S Y L L E W 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 d n o b e l b i t r e v n o C d n u F d n u F k c o t S d n u F 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 325 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 ( 0 2 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 ( ) 0 2 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 ( 326 . 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O C L A T I P A C C L T e n o N 0 0 1 , 4 $ e n o N 9 6 0 , 4 e n o N 3 1 6 , 9 e n o N 0 2 4 , 5 1 e n o N 1 0 1 , 9 5 e n o N 6 3 6 , 2 e n o N 7 9 9 , 6 8 2 e n o N e n o N e n o N - - - e n o N 7 1 6 , 6 0 1 e n o N 2 9 8 , 5 8 e n o N 9 4 1 , 4 2 2 e n o N 9 8 5 , 4 6 e n o N 6 6 9 , 9 9 e n o N 0 3 4 , 8 2 0 1 . 0 8 0 . 0 - - - - - - - - - - - - - - 0 0 1 , 4 $ 9 6 0 , 4 3 1 6 , 9 0 2 4 , 5 1 1 0 1 , 9 5 6 3 6 , 2 7 9 9 , 6 8 2 - - - 7 1 6 , 6 0 1 2 9 8 , 5 8 9 4 1 , 4 2 2 9 8 5 , 4 6 6 6 9 , 9 9 0 3 4 , 8 2 9 7 2 7 1 7 3 6 8 , 5 3 0 0 0 , 2 0 7 7 7 6 6 0 4 9 4 9 9 0 2 1 2 7 6 5 8 6 , 2 7 7 3 , 2 2 3 3 , 5 9 1 5 , 8 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 9 4 , 6 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 - - - - - - - - - - - - - - . D T L , . I O C G N D L O H N O I T U L O S Y G R E N E D E C N A V D A . D T L , . O C S E V L A V E U L A V . C N I I S L A R E T A M O R T C E L E H A W G N A H 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 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 d n o b e l b i t r e v n o C . C N I I S C N O R T C E L E O R C M R E T T E B P I H C I I X G N A U G k c o t s d e r r e f e r P - l a t i p a C . 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 , . 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 . D T L O E D V E M A G I . 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 . 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 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 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 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 t a i c o s s A . 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 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 - . I D T L G N D L O H B A S J k c o t s d e r r e f e r P - k c o t S 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 0 9 1 e n o N 5 3 3 D S U D S U - - e n o N 9 3 7 D S U 3 3 . 4 1 e n o N 6 8 6 , 5 1 D S U 7 4 . 1 1 6 8 6 , 5 1 0 9 1 5 3 3 9 3 7 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 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 6 0 3 , 7 1 D S U 6 7 . 9 6 0 3 , 7 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 7 4 2 , 1 1 D S U 7 8 . 8 7 4 2 , 1 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 6 8 9 , 6 D S U 3 0 . 5 6 8 9 , 6 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 - - - - - - - . . 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 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 . . 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 , S B A L X E N C 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 0 2 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 . P R O C L A T I P A C C M U United Microelectronics Corporation | Annual Report 2020 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 ( 0 2 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 ( ) 0 2 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 C M U e n o N 4 6 6 , 1 D S U 3 5 . 4 e n o N 9 1 5 D S U 2 8 . 3 e n o N 4 2 9 , 3 D S U 6 7 . 1 e n o N 0 4 9 , 3 D S U 9 6 . 1 e n o N 2 6 5 D S U 8 3 . 1 e n o N 7 7 D S U 6 4 . 0 e n o N 3 5 0 , 9 e n o N 9 4 9 , 5 e n o N 8 3 5 , 3 e n o N 3 4 2 , 7 e n o N 8 7 9 e n o N 9 2 3 , 3 e n o N 1 3 1 , 6 e n o N 0 0 4 , 1 e n o N 6 6 1 e n o N 3 2 6 , 8 e n o N 2 2 2 , 9 e n o N e n o N - - D S U D S U D S U D S U D S U D S U D S U D S U D S U D S U D S U e n o N 6 0 0 , 5 D S U e n o N - e n o N 6 6 2 , 2 e n o N 0 0 2 e n o N 6 0 0 , 1 D S U D S U D S U - - - - - - - - - - - - - - - - - - 4 6 6 , 1 9 1 5 4 2 9 , 3 0 4 9 , 3 2 6 5 7 7 3 5 0 , 9 9 4 9 , 5 8 3 5 , 3 3 4 2 , 7 8 7 9 9 2 3 , 3 1 3 1 , 6 0 0 4 , 1 6 6 1 3 2 6 , 8 2 2 2 , 9 - - D S U D S U D S U D S U 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 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 S U 0 8 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 S U 4 4 6 , 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 D S U 0 2 9 , 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 D S U 9 4 3 , 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 D S U 0 2 5 , 8 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 S U 4 1 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 D S U 4 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 D S U 5 7 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 D S U 6 6 8 , 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 D S U 5 7 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 D S U 1 4 2 , 2 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 D S U 0 0 5 , 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 0 8 9 , 4 5 5 5 , 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 6 0 0 , 5 D S U 1 6 4 , 9 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 7 7 , 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 6 6 2 , 2 D S U 7 8 2 , 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 2 D S U 4 7 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 6 0 0 , 1 D S U 2 5 3 , 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 - - - - - - - - - - - - - - - - - - - - - - - - . . P L , 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 . . P L , V D N U F S E R U T N E V M R O T S . . P L , I I X S E R U T N E V A R R E I S . . P L , I I S E R U T N E V E V O R G . . P L , I X S E R U T N E V A R R E I S . D T L L A N O I T A N R E T N I E D A M E V E I H C A . D T L L A N O I T A N R E T N I E D A M E V E I H C A d n u F d n u F d n u F d n u F d n u F 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 I G O L O N H C E T S C N O T O F I S I . C N I , R O T C U D N O C M E S T C G I . 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 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 . C N I , S B A L X E N C k c o t s d e r r e f e r P - k c o t S . C N I . C N I , E S P M Y L G k c o t s d e r r e f e r P - k c o t S , E L A C S T A k c o t s d e r r e f e r P - k c o t S . D T L E E R F I S N E S k c o t s d e r r e f e r P - k c o t S . C N I , I S G N D L O H R E I P P A . I D T L S G N D L O H D R A C D 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 . C N I , T U P N I T X E N k c o t s d e r r e f e r P - k c o t S . C N I . C N I , Y G R E N E O V E N k c o t s d e r r e f e r P - k c o t S , S M E T S Y S A T N E X E N k c o t s d e r r e f e r P - k c o t S . C N I , S D R O W 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 Y G O L O N H C E T N O I S I V T S A E k c o t s d e r r e f e r P - k c o t S . C N I , I . A E C A P S E U L B . C N I , I C A N E R 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 . P R O C R O T C U D N O C M E S D E E R I k c o t s d e r r e f e r P - k c o t S 327 Financial Review e n o N 4 1 4 , 3 e n o N 8 0 8 , 1 D S U D S U - - 4 1 4 , 3 8 0 8 , 1 D S U 4 D S U - 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 ( 0 2 0 2 , 1 3 r e b m e c e D 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 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 . D T L L A U S I V S I N A R A T A A A . . s e i t i r u c e s f o e p y T k c o t s d e r r e f e r P - k c o t S . C N I , E S P M Y L G s d n o b e l b i t r e v n o C 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 ( 0 2 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 e n o N 7 0 4 , 5 $ 8 1 . 1 7 0 4 , 5 $ 5 7 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 - . D T L , . I O C Y T I C R T C E L E O T O H P I A T N A I T s e i t i r u c e s f o e p y T k c o t S . 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 n o N 0 2 3 , 9 3 e n o N 4 6 3 , 0 0 1 $ 3 1 . 1 1 0 0 . 5 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 2 3 , 9 3 4 6 3 , 0 0 1 $ 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 ( 0 2 0 2 , 1 3 r e b m e c e D 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 ( 0 2 0 2 , 1 3 r e b m e c e D 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 D N U F S E R U T N E V L A B O L G S B A L K R A P S . . P L , I I D N U F A E R O K S B A L K R A P S d n u F d n u F 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 . 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 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 e n o N 9 4 9 , 9 2 B M R 1 7 . 9 9 4 9 , 9 2 B M R - 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 R O H N A L d n u F D E T I M I L N O G A R A P O N I 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 , s e i r a i d i s b u s g n i d u l c x E ( ) 0 2 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 ( 328 . P R O C L A T I P A C C M U United Microelectronics Corporation | Annual Report 2020 e c n a l a b g n i d n E l a s o p s i D n o i t i d d A e c n a l a b g n i n n i g e B t n u o m A / ) d n a s u o h t ( s t i n U / s d n o b ) d n a s u o h t ( s e r a h s ) s s o L ( n i a G l a s o p s i d m o r f / ) d n a s u o h t ( s t i n U / s d n o b / ) d n a s u o h t ( s t i n U / s d n o b t n u o m A / ) d n a s u o h t ( s t i n U / s d n o b t s o C t n u o m A ) d n a s u o h t ( s e r a h s t n u o m A ) d n a s u o h t ( s e r a h s ) d n a s u o h t ( s e r a h s p i h s n o i t a l e R y t r a p - r e t n u 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 s e i t i r u c e s e h t f o e m a N s e i t i r u c e s f o e p y T e n o N ) 0 2 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 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 ( 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 ( 329 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 ) 0 2 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 330 ) 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 2020 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 ) 0 2 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 ( . P R O C Y G O L O N H C E T R E W O P X E N e n o N n o i t a u l a v e h T o t r e d r o n I e n o N L A R E N E G 7 9 4 , 1 8 0 , 1 $ d e v i e c e R 6 6 6 , 6 6 7 , 1 $ 2 4 0 , 1 0 6 $ , 1 y r a u r b e F 0 2 0 2 , 6 1 e n u J n o i t c u r t s n o C t r o p e r e h t e v o r p m i ' s y n a p m o c s n o i t a r e p o e c u d e r d n a d e x i f e h t . s t s o c E C A F R E T N I N O I T U L O S D E T I M I L , 1 e n u J ~ 8 0 0 2 7 1 0 2 s t i d n a t n a l p t n e m p i u q e y t i l i c a f 331 Financial Review h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 m r e T e c i r p t i n U % 1 % 0 % 0 % 7 2 - 1 3 8 , 4 2 5 1 4 , 6 1 1 2 7 1 , 8 8 3 , 5 $ / A N / A N / A N / A N / A N / A N / A N / A N h t g n e l ' s m r a - n o n f o s l i a t e D m r e T s y a d 0 6 t e N s y a d 0 6 d n e - h t n o M s y a d 0 6 t e N s y a d 0 3 t e N % 1 % 1 % 1 % 6 3 1 4 9 , 5 2 2 , 1 9 1 4 , 0 2 2 , 1 0 8 1 , 3 8 1 , 1 1 8 9 , 7 5 3 , 9 4 $ 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 e t a i c o s s A y r a i d i s b u S y r a i d i s b u S ) 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 n o i t c a s n a r t 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 m r e T e c i r p t i n U % 7 % 4 % 1 % 8 8 8 3 0 , 0 9 1 2 7 0 , 6 1 5 1 8 , 8 4 6 1 , 1 D S U D S U D S U D S U / A N / A N / A N / A N / 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 6 t e N s y a d 0 6 t e N % 3 % 2 % 0 % 5 9 5 3 3 , 3 4 6 4 5 , 3 3 0 6 6 , 4 8 9 1 , 6 1 6 , 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 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 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 e t a i c o s s A h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 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 % 9 % 1 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 0 0 7 , 0 7 3 3 8 3 , 7 8 9 , 3 t n u o m A 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 h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t s n o i t c a s n a r T % 0 % 2 - - 9 0 1 3 9 5 , 7 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 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 % 1 % 1 1 5 0 , 9 3 1 5 6 1 , 2 3 0 5 7 , 4 2 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 h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 % 1 % 2 1 7 2 4 , 7 5 5 3 3 , 5 B M R B M R 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 % 7 % 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 2 0 4 , 6 2 2 3 5 0 , 5 3 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 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 y t r a p - r e t n u o C 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 N A P A J P U O R G C M U ) A S U ( P U O R G C M U 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 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 A P A J 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 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 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 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 ) A S U ( P U O R G C M U y t r a p - r e t n u o C . 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 N A P A J P U O R G C M U . D T L , . O C N A P A J R O T C U D N O C I M E S D E T I N U 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 h t g n e l ' s m r a - n o n f o s l i a t e D ) 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 n o i t c a s n a r t 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 % 6 1 8 2 7 , 3 6 6 , 1 Y P J 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 0 9 6 , 4 5 0 , 5 Y P J 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 ) 0 2 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 332 ) 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 2020 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 3 7 1 6 2 2 , 2 1 1 n i n o i t c e l l o C 9 8 5 1 . 2 1 5 1 4 , 6 1 1 d o i r e p t n e u q e s b u s 9 1 6 , 4 1 $ 1 9 7 , 2 0 4 , 5 $ - - $ 2 7 . 8 2 7 1 , 8 8 3 , 5 $ - $ - 5 1 4 , 6 1 1 2 7 1 , 8 8 3 , 5 $ - $ - y r a i d i s b u S ) A S U ( P U O R G C M U 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 . P R O C . 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 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 2 9 B M R 1 1 6 , 5 2 B M R - - $ 5 9 . 6 7 2 4 , 7 5 B M R - $ 7 2 4 , 7 5 B M R - $ e t a i c o s s A ) A S U ( P U O R G C M 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 - $ 8 2 7 , 3 6 6 , 1 Y P J - - $ 3 1 . 6 8 2 7 , 3 6 6 , 1 Y P J - $ 8 2 7 , 3 6 6 , 1 Y P J - $ e t a i c o s s A ) A S U ( P U O R G C M U . 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O C N A P A J R O T C U D N O C I M E S D E T I N U ) 0 2 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 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 0 2 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 ( ) 0 2 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 D E T I N U 3 3 8 , 6 6 $ 3 3 8 , 6 6 $ 1 8 1 , 2 2 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 1 6 4 1 6 4 4 2 6 , 5 3 1 0 0 . 0 0 1 9 1 2 4 , 5 D S U 1 2 4 , 5 8 7 7 , 3 5 5 7 8 0 , 2 5 5 0 2 6 , 7 8 0 , 4 0 0 . 0 0 1 3 6 6 , 1 7 0 0 5 , 1 8 D S U 0 0 5 , 1 8 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 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 s e l a S C I A S U ) A S U ( P U O R G C M U ) 2 4 5 , 2 6 0 , 3 ( ) 2 4 5 , 2 6 0 , 3 ( 2 0 7 , 6 6 1 , 0 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 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 2 2 6 , 4 9 2 2 2 6 , 4 9 2 3 3 9 , 6 6 5 , 4 0 0 . 0 0 1 7 6 1 , 0 0 4 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 ) 1 6 0 , 2 ( ) 1 6 0 , 2 ( 1 6 9 , 9 3 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 8 7 6 , 8 2 7 4 0 6 , 1 4 7 1 2 8 , 0 0 4 , 5 0 0 . 0 0 1 4 3 7 , 1 0 4 3 5 0 , 0 4 4 , 3 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 4 2 1 , 1 7 8 4 , 6 2 3 1 5 , 0 2 4 2 1 , 1 7 8 4 , 6 2 3 1 5 , 0 2 4 3 8 , 1 2 7 1 3 , 5 8 5 3 5 3 , 2 4 1 0 0 . 0 0 1 0 1 1 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 l a t i p a c 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 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 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 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 3 2 8 , 5 0 0 , 2 3 2 8 , 5 0 0 , 2 2 2 3 , 6 2 9 , 2 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 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 L A N O I T A N R E T N I E T I L E T S E B 2 4 5 , 4 5 1 2 4 5 , 4 5 1 5 6 7 , 8 6 6 , 7 1 0 0 . 0 0 1 7 4 2 , 6 1 1 8 6 0 , 1 2 4 , 4 6 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 1 e t o N 0 0 4 , 3 1 0 0 4 , 3 1 2 e t o N 6 9 5 , 1 1 5 6 7 3 , 1 7 0 , 1 - - 9 1 0 , 6 5 5 0 5 , 4 9 0 4 , 3 2 2 8 3 7 , 3 3 2 5 4 5 , 8 6 6 4 5 , 0 2 5 2 9 , 1 3 5 5 4 3 , 4 8 5 4 3 4 , 4 7 3 6 6 9 , 6 2 5 8 1 , 3 2 8 9 6 1 , 8 8 4 , 2 7 8 1 , 0 9 7 , 5 2 7 8 , 6 6 8 , 5 1 3 6 5 , 5 6 1 , 0 1 1 4 7 , 5 9 8 9 , 9 3 1 4 4 4 , 3 5 4 4 7 6 , 1 4 6 3 1 , 1 5 5 , 6 8 4 4 , 9 8 5 , 1 5 5 0 , 6 5 2 2 9 4 , 4 1 9 , 1 7 7 3 , 7 0 1 , 9 5 7 . 0 8 4 4 . 5 4 0 0 . 2 4 0 0 . 0 4 9 4 . 6 3 7 8 . 0 3 8 7 . 3 1 6 3 . 3 1 - - 2 1 1 , 8 4 1 0 6 6 , 4 9 8 , 1 1 4 7 , 3 0 9 , 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 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 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 t i u c r i c 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 8 2 , 4 3 2 0 0 0 , 0 7 3 , 2 0 0 8 , 2 4 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 2 0 1 , 4 6 3 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 6 3 1 , 6 9 1 5 6 5 , 8 3 4 , 2 5 6 5 , 8 3 4 , 2 B C P f o g n i r u t c a f u n a M n a w i a T , y t i C n a u y o a T . P R O C Y G O L O N H C E T N O R C M N U I I - - 1 9 7 , 6 5 9 , 5 0 0 0 , 0 6 Y P J - - s e i r e t t a b 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 l a S C I n a p a J N A P A J P U O R G C M U . y n a p m o c g n i v i v r u s e h t s i C J S U d n a ) C J S U ( . 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 h t i I w d e g r e m s a w N A P A J P U O R G C M U , 0 2 0 2 , 1 r e b m e v o N f o s A : 1 e t o N . 0 2 0 2 , 1 1 r e b m e v o N n o d e t a d i u q i l d n a d e v l o s s i d s a w . P R O C Y G O L O N H C E T R E W O P X E N : 2 e t o N United Microelectronics Corporation | Annual Report 2020 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 0 2 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 ( ) 0 2 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 1 e t o N 2 9 3 , 3 1 ) 9 5 9 ( ) 6 8 5 , 0 1 ( $ ) 8 2 4 , 7 2 ( 0 5 4 ) 7 5 1 , 2 ( ) 6 8 5 , 0 1 ( $ ) 4 0 1 , 9 0 1 ( 5 4 5 , 8 6 7 3 6 , 4 7 3 e t o N - - 2 e t o N 5 3 5 , 8 5 3 6 7 3 , 1 7 0 , 1 6 0 2 , 6 0 6 6 , 2 6 $ 6 2 0 , 6 9 4 5 9 , 3 - - - 0 0 . 0 0 1 5 4 . 4 4 4 1 . 5 2 5 6 . 0 - - - 0 0 0 , 1 0 0 0 , 0 1 5 5 6 , 8 1 2 5 7 , 0 0 1 $ 0 0 0 , 0 1 2 5 7 , 0 0 1 $ 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 & 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 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 0 0 5 , 2 2 0 0 5 , 2 2 D S U 0 0 5 , 2 2 D S U 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 4 9 1 , 1 6 5 8 , 8 6 5 8 , 8 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 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 0 5 , 7 7 2 0 3 6 , 8 8 6 , 1 0 0 9 , 5 R U E - - - 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 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 . 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 0 2 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 e t o N 1 9 0 , 0 3 1 6 7 3 , 1 7 0 , 1 ) 2 2 2 , 2 ( $ 6 7 9 , 2 2 ) 4 8 8 , 5 ( ) 2 2 2 , 2 ( $ 5 3 9 , 6 5 ) 3 6 7 , 1 3 ( - 1 4 9 4 7 1 , 8 $ 5 7 6 , 5 9 1 0 0 . 0 0 1 0 0 . 0 4 8 9 . 3 2 0 0 9 0 0 0 , 8 1 5 2 , 4 0 0 9 0 0 0 , 6 6 1 9 , 5 9 - - 9 1 0 , 8 8 8 D S U 0 0 9 D S U 0 0 0 , 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 - 6 1 9 , 5 9 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 . 0 2 0 2 , 1 1 r e b m e v o N n o d e t a d i u q i l d n a d e v l o s s i d s a w . P R O C Y G O L O N H C E T R E W O P X E N : e t o N . 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 0 2 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 e t o N ) 0 ( D S U ) 0 ( D S U - - 4 1 4 D S U 9 7 9 , 4 D S U 5 5 1 , 6 D S U 8 3 . 0 1 - - 0 0 2 6 3 0 , 4 D S U 6 3 0 , 4 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 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 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 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 0 2 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 v l o s s i d s a w ) A S U ( L A T I P A C C M U , 0 2 0 2 , t s u g u A n I : 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 . 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 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 m o r f d e i f i s s a l c e r s a w e e t s e v n i e h t , 0 2 0 2 l i r p A n i e c n e u l f n i t n a c i f i n g i s s t i t s o l . 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 s A : 1 e t o N . 0 2 0 2 , 1 1 r e b m e v o N n o d e t a d i u q i l d n a d e v l o s s i d s a w . P R O C Y G O L O N H C E T R E W O P X E N : 2 e t o N . 0 2 0 2 r e b m e c e D n i d e s o p s i d s a w H B M G N E I L I B O M M I I O C A N W I : 3 e t o N e t o N - - - 1 8 2 , 2 $ 1 8 2 , 2 $ 6 2 3 , 1 4 $ - 0 0 . 0 0 1 - 0 5 7 0 5 7 0 6 1 , 2 D S U 0 5 7 D S U 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 R U E - t c e j o r p r a l o S 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 . 0 2 0 2 r e b m e c e D n i d e s o p s i d s a w H B M G N E I L I B O M M I I O C A N W I : e t o N 335 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 0 2 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 ( ) 0 2 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 ( 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 336 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 0 2 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 ( 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 0 2 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 ) A S U ( 5 5 1 $ 5 5 1 $ 8 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 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 ) 3 0 5 , 3 ( $ ) 3 0 5 , 3 ( $ 6 2 0 , 3 $ 0 0 . 0 0 1 0 5 6 , 1 0 0 5 , 1 D S U 0 5 6 , 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 8 9 7 , 4 1 0 , 2 $ 8 9 7 , 4 1 0 , 2 $ 7 7 6 , 6 7 9 , 2 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 0 2 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 8 9 7 , 4 1 0 , 2 $ 8 9 7 , 4 1 0 , 2 $ 7 7 6 , 6 7 9 , 2 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 0 2 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 e t o N 8 1 2 2 4 , 1 $ 9 6 3 , 4 3 ) 5 1 2 ( 2 2 4 , 1 $ 9 6 3 , 4 3 ) 5 1 2 ( 8 1 5 5 6 , 4 3 $ 6 4 1 , 1 4 5 - 8 7 6 , 8 0 0 . 0 0 1 0 0 0 0 , 1 D S U 0 0 0 , 1 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 ) I A N R O F I L A C ( 0 0 . 0 0 1 0 0 0 , 9 0 0 0 , 9 D S U 0 0 0 , 9 D S 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 - 0 0 . 0 0 1 4 - 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 s e c i v r e s 0 0 0 , 5 3 Y P J 0 0 0 , 5 3 Y P J 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 0 5 9 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 ( . d e v l o s s i d s a w ) K R O Y W E N ( 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 , 0 2 0 2 , r e b m e v o N n I : e t o N D E T I M I L H T R A E N E E R G 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 0 2 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 1 3 , 1 6 0 , 3 ( $ ) 6 1 3 , 1 6 0 , 3 ( $ 8 1 3 , 1 4 1 , 0 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 United Microelectronics Corporation | Annual Report 2020 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 0 2 0 2 , 1 3 r e b m e c e D 0 2 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 0 2 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 0 2 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 ) 0 2 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 ( - $ ) 2 9 3 , 4 5 6 8 , 4 2 1 D S U ( 4 0 0 , 8 $ 7 8 8 , 0 4 ) i i i ( ) 5 8 1 , 2 ( $ ) i i ( 2 3 3 , 2 % 0 0 . 0 0 1 ) 5 8 1 , 2 ( $ % 0 0 . 0 0 1 2 3 3 , 2 - - - - ) i i ( 8 4 8 , 4 4 ) 8 9 2 , 0 1 B M R ( ) ) 8 3 3 , 6 1 ( B M R ( ) 2 5 1 , 1 7 ( % 4 1 . 5 2 ) 1 3 0 , 3 8 2 ( ) ) 0 9 9 , 4 6 ( ) i i ( 4 1 4 , 1 6 2 , 2 2 ) 1 9 6 , 1 1 1 , 5 B M R ( ) 2 7 8 , 7 7 4 B M R ( ) 4 e t o N ( 3 3 1 , 1 8 0 , 2 % 5 8 9 9 . 9 9 ) 9 7 8 , 7 7 4 3 6 1 , 1 8 0 , 2 0 7 7 , 7 8 7 , 8 B M R ( ) 2 0 1 , 9 0 3 D S U ( ) i i ( 8 0 6 , 2 9 2 ) 9 8 1 , 7 6 B M R ( ) 1 1 2 , 5 1 B M R ( 4 4 2 , 6 6 % 5 8 9 9 . 9 9 4 4 2 , 6 6 ) 1 1 2 , 5 1 B M R ( - 7 8 3 , 0 9 5 , 4 1 ) 1 6 2 , 0 5 3 , 3 ) 7 1 4 , 7 2 0 , 4 ( % 6 7 . 7 6 ) 4 4 7 , 2 5 1 , 6 ( 3 8 9 , 3 3 4 , 7 2 B M R ( ) ) 0 8 7 , 4 2 9 ( B M R ( ) ) 0 0 8 , 2 1 4 , 1 ( B M R ( ) 6 6 9 , 4 6 9 D S U ( ) i i ( ) 5 e t o N ( ) 0 0 8 4 4 7 , 2 2 $ ) 0 5 7 3 2 3 , 1 2 7 0 7 , 5 7 5 D S U ( D S U ( B M R ( ) 0 5 2 , 0 2 D S U ( - $ - $ - - - - - - - - - - ) 0 0 8 4 4 7 , 2 2 $ ) 0 5 7 3 2 3 , 1 2 7 0 7 , 5 7 5 ) 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 4 7 , 2 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 Y G R E N E H C R R E V E ) i i ( I 3 2 3 , 1 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 ( ) 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 D E T I M I L 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 1 , 8 8 3 , 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 ) 2 0 1 , 9 0 3 0 7 7 , 7 8 7 , 8 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 ( 5 5 7 , 7 9 6 , 3 1 ) 4 9 2 , 5 4 1 , 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 5 6 , 0 3 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 3 8 9 , 3 3 4 , 7 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 , 3 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 9 8 , 3 5 6 , 9 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 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 . 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 , 0 2 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 . 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 . 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 ( : : 3 e t o N 4 e t o N 8 4 8 , 5 9 3 , 1 4 1 $ 3 2 0 , 1 9 4 , 0 6 $ ) 8 1 7 , 7 2 1 , 2 D S U ( 7 2 5 , 1 4 8 , 6 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 0 2 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 ( . 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 n e e b t e y t o n s a h d n a s u o h t 8 3 1 , 7 5 3 D S U t n e m t s e v n i f o t n u o m a e h t , 0 2 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 4 3 , 2 2 7 , 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 337 Financial Review f o e g a t n e c r e P p i h s r e n w o ) % ( s e r a h s f o r e b m u N e m a N 2 1 . 5 5 2 2 , 3 1 3 , 6 3 6 s R D A f o s r e d l o h e h t o t e v i t a t n e s e r p e r d n a y r a t i s o p e d s a y t i c a p a c s t i n i g n i t c a . A N . , k n a B e s a h C n a g r o M P J ) 0 2 0 2 , 1 3 r e b m e c e D f o s a s r e d l o h e r a h s r o j a m f o n o i t a m r o f n I ( 1 1 T N E M H C A T T A 338 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 2020 The Company and Its Affiliated Enterprises Have Not Experienced Any Financial Difficulties During the Most Recent Year up to the Publication Date. 339 Financial Review United Microelectronics Corporation Representative: Stan Hung

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