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UMC Board of Directors Announces Proposals for its Annual Shareholders Meeting


Taipei, Taiwan – WEBWIRE

 United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), at a meeting of the Board of Directors held today, approved the 2018 Business Report and Financial Statements, and set the agenda for the Annual General Meeting. A brief summary of major recognition and discussion items is as follows:

-Approved the 2018 Business Report and Financial Statements. The consolidated revenue for 2018 was NT$151,253 million and net income attributable to the shareholder of the parent was NT$7,073 million, with earnings per share of NT$0.58.

-Shareholder cash dividend of NT$6,916 million at approximately NT$0.58 per share.

-Employee cash compensation of NT$1,400.8 million.

Other major resolutions of today’s Board Meeting:

-Approved the cancellation of 300 million ordinary shares bought by the company from November 7, 2018 through January 4, 2019.

-Approved for UMC Singapore, a subsidiary of UMC Group, to provide a loan for the amount of up to US$250 million to United Semiconductor (Xiamen) Co., Ltd., to fulfill operational needs.

-Approved a donation of NT$10 million to UMC Science and Culture Foundation.

-Announced that the Annual General Meeting will be held at 9:00 AM on Wednesday, June 12, 2019 at UMC’s Fab 8S Conference Hall, located at No.16, Creation Rd. 1, Hsinchu Science Park.

About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry that provides advanced IC production for applications spanning every major sector of the electronics industry. UMC’s comprehensive foundry solutions enable chip designers to leverage the company’s sophisticated technology and manufacturing, which include world-class 28nm High-K/Metal Gate technology, 14nm FinFET volume production, specialty process platforms specifically developed for AI, 5G and IoT applications and the automotive industry’s highest-rated AEC-Q100 Grade-0 manufacturing capabilities for the production of ICs found in vehicles. UMC’s 11 wafer fabs are strategically located throughout Asia and are able to produce over 600,000 wafers per month. The company employs more than 20,000 people worldwide, with offices in Taiwan, China, Europe, Japan, Korea, Singapore, and the United States. UMC can be found on the web at http://www.umc.com

Note From UMC Concerning Forward-Looking Statements 
Some of the statements in the foregoing announcement are forward-looking within the meaning of the U.S. Federal Securities laws, including statements about introduction of new services and technologies, future outsourcing, competition, wafer capacity, business relationships and market conditions. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy; acceptance and demand for products from UMC; and technological and development risks. Further information regarding these and other risks is included in UMC’s filings with the U.S. Securities and Exchange Commission. UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.


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