UMC Reports Third Quarter 2024 Results

Business Wire10-30

22/28nm shipments reached record high as Q3 net income increased 5% sequentially Third Quarter 2024 Overview1: Revenue: NT$60.49 billion (US$1.91 billion) Gross margin: 33.8%; Operating margin: 23.3%...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUMC Reports Third Quarter 2024 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 18:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/umc-reports-third-quarter-2024-103600203.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>22/28nm shipments reached record high as Q3 net income increased 5% sequentially\nThird Quarter 2024 Overview1:\n\nRevenue: NT$60.49 billion (US$1.91 billion)\nGross margin: 33.8%; Operating margin: 23.3%...</p>\n\n<a href=\"https://finance.yahoo.com/news/umc-reports-third-quarter-2024-103600203.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://finance.yahoo.com/news/umc-reports-third-quarter-2024-103600203.html","article_id":"2479272797","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/PvEGUjZd4VMZqBcmGy4OxA--~B/aD01MTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/9a86e8df7904f8d6a3c3ea9442016957"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479272797","pubTimestamp":1730284560,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"22/28nm shipments reached record high as Q3 net income increased 5% sequentially. Co-president Wang commented, \"With regards to Q4 outlook, we are seeing demand stabilizing across end markets and a clear downward trend in inventory levels. Looking ahead, we have a number of exciting technology and collaboration projects in the pipeline as we continue to align closely with our customers’ product roadmaps. In addition, as we hear consistently from customers, UMC’s diversified manufacturing footprint is also very important in supporting their long-term strategies. Our new fab expansion in Singapore is nearing completion while our collaboration with Intel remains on track. These projects will further enhance our value proposition to customers and strengthen our position in the foundry industry.\". Co-president Wang added, \"We released our 2023 Sustainability Report during the third quarter, which is available on our website for all stakeholders to read. I would like to highlight the progres","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4141":"半导体产品","UMC":"联电","BK4526":"热门中概股"},"translate_title":"联电公布2024年第三季度业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UMC":1},"content_text":"22/28nm shipments reached record high as Q3 net income increased 5% sequentially\nThird Quarter 2024 Overview1:\n\nRevenue: NT$60.49 billion (US$1.91 billion)\nGross margin: 33.8%; Operating margin: 23.3%\nRevenue from 22/28nm: 35%\nCapacity utilization rate: 71%\nNet income attributable to shareholders of the parent: NT$14.47 billion (US$457 million)\nEarnings per share: NT$1.16; earnings per ADS: US$0.183\n\nTAIPEI, Taiwan, October 30, 2024--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (\"UMC\" or \"The Company\"), a leading global semiconductor foundry, today announced its consolidated operating results for the third quarter of 2024.\nThird quarter consolidated revenue was NT$60.49 billion, increasing 6.5% from NT$56.80 billion in 2Q24. Compared to a year ago, 3Q24 revenue increased 6.0%. Consolidated gross margin for 3Q24 was 33.8%. Net income attributable to the shareholders of the parent was NT$14.47 billion, with earnings per ordinary share of NT$1.16.\nJason Wang, co-president of UMC, said, \"In the third quarter, we delivered results that were in line with guidance. In particular, wafer shipments grew more than expected, increasing 7.8% sequentially due to strong demand for 22/28nm products. Our strategy is to develop specialty technology solutions that deliver best-in-class performance, and I am pleased to report that revenue in absolute dollar derived from our specialty portfolio hit a record high in the third quarter, accounting for 53.1% of total sales. In our industry, technology is fundamental. We continue to invest significantly in technology development every year to ensure we are ready to support customers’ next-generation product features with more advanced solutions. For instance, our 22nm display driver solution was the first to be made available to the market and offers unparalleled performance, and we foresee strong tape-out momentum in the upcoming months.\"\nCo-president Wang commented, \"With regards to Q4 outlook, we are seeing demand stabilizing across end markets and a clear downward trend in inventory levels. Looking ahead, we have a number of exciting technology and collaboration projects in the pipeline as we continue to align closely with our customers’ product roadmaps. In addition, as we hear consistently from customers, UMC’s diversified manufacturing footprint is also very important in supporting their long-term strategies. Our new fab expansion in Singapore is nearing completion while our collaboration with Intel remains on track. These projects will further enhance our value proposition to customers and strengthen our position in the foundry industry.\"\nCo-president Wang added, \"We released our 2023 Sustainability Report during the third quarter, which is available on our website for all stakeholders to read. I would like to highlight the progress we have made towards our energy transition goals, with renewable energy use doubling in 2023 from the previous year to account for 11.1% of UMC’s total energy consumption. With a 181-megawatt peak renewable energy purchase agreement coming into effect this year, we are on track to achieving our progressive targets of 25% renewable energy by 2025 and 50% by 2030.\"\nSummary of Operating Results\n\n\n\nOperating Results\n\n\n(Amount: NT$ million)\n3Q24\n\n2Q24\n\nQoQ %change\n3Q23\n\nYoY %change\n\n\nOperating Revenues\n60,485\n\n56,799\n\n6.5\n\n57,069\n\n6.0\n\n\n\nGross Profit\n20,429\n\n19,983\n\n2.2\n\n20,461\n\n(0.2\n)\n\n\nOperating Expenses\n(6,559\n)\n(6,311\n)\n3.9\n\n(5,722\n)\n14.6\n\n\n\nNet Other Operating Income and Expenses\n230\n\n219\n\n4.8\n\n573\n\n(59.9\n)\n\n\nOperating Income\n14,100\n\n13,891\n\n1.5\n\n15,312\n\n(7.9\n)\n\n\nNet Non-Operating Income and Expenses\n2,464\n\n2,529\n\n(2.5\n)\n3,336\n\n(26.1\n)\n\n\nNet Income Attributable to Shareholders of the Parent\n14,472\n\n13,786\n\n5.0\n\n15,971\n\n(9.4\n)\n\n\nEPS (NT$ per share)\n1.16\n\n1.11\n\n\n1.29\n\n\n\n\n(US$ per ADS)\n0.183\n\n0.175\n\n\n0.204\n\n\n\n\n\nThird quarter operating revenues increased 6.5% sequentially to NT$60.49 billion. Revenue contribution from 40nm and below technologies represented 48% of wafer revenue. Gross profit grew 2.2% QoQ to NT$20.43 billion, or 33.8% of revenue. Operating expenses increased 3.9% to NT$6.56 billion. Net other operating income was NT$0.23 billion. Net non-operating income totaled NT$2.46 billion. Net income attributable to shareholders of the parent amounted to NT$14.47 billion.\nEarnings per ordinary share for the quarter was NT$1.16. Earnings per ADS was US$0.183. The basic weighted average number of shares outstanding in 3Q24 was 12,436,436,695, compared with 12,414,189,313 shares in 2Q24 and 12,371,129,866 shares in 3Q23. The diluted weighted average number of shares outstanding was 12,559,358,115 in 3Q24, compared with 12,529,942,186 shares in 2Q24 and 12,566,773,628 shares in 3Q23. The fully diluted shares counted on September 30, 2024 were approximately 12,602,544,000.\nDetailed Financials Section\nOperating revenues increased to NT$60.49 billion. COGS increased 8.8% to NT$40.06 billion, which included 10.5% increase in depreciation and 8.2% increase in other manufacturing costs. Gross profit increased 2.2% QoQ to NT$20.43 billion. Operating expenses increased to NT$6.56 billion, as R&D grew 4.4% to NT$4.02 billion or 6.6% of revenue, while Sales & Marketing also grew 5.7% to NT$0.72 billion. Net other operating income was NT$0.23 billion. In 3Q24, operating income increased 1.5% QoQ to NT$14.10 billion.\n\n\n\nCOGS & Expenses\n\n\n(Amount: NT$ million)\n3Q24\n\n2Q24\n\nQoQ %change\n3Q23\n\nYoY %change\n\n\nOperating Revenues\n60,485\n\n56,799\n\n6.5\n57,069\n\n6.0\n\n\n\nCOGS\n(40,056\n)\n(36,816\n)\n8.8\n(36,608\n)\n9.4\n\n\n\nDepreciation\n(10,449\n)\n(9,460\n)\n10.5\n(8,485\n)\n23.1\n\n\n\nOther Mfg. Costs\n(29,607\n)\n(27,356\n)\n8.2\n(28,123\n)\n5.3\n\n\n\nGross Profit\n20,429\n\n19,983\n\n2.2\n20,461\n\n(0.2\n)\n\n\nGross Margin (%)\n33.8\n%\n35.2\n%\n\n35.9\n%\n\n\n\nOperating Expenses\n(6,559\n)\n(6,311\n)\n3.9\n(5,722\n)\n14.6\n\n\n\nSales & Marketing\n(717\n)\n(678\n)\n5.7\n(735\n)\n(2.6\n)\n\n\nG&A\n(1,820\n)\n(1,804\n)\n0.9\n(1,731\n)\n5.3\n\n\n\nR&D\n(4,022\n)\n(3,853\n)\n4.4\n(3,255\n)\n23.5\n\n\n\nExpected credit impairment gain (loss)\n(0\n)\n24\n\n-\n(1\n)\n(91.9\n)\n\n\nNet Other Operating Income & Expenses\n230\n\n219\n\n4.8\n573\n\n(59.9\n)\n\n\nOperating Income\n14,100\n\n13,891\n\n1.5\n15,312\n\n(7.9\n)\n\n\n\nNet non-operating income in 3Q24 was NT$2.46 billion, primarily due to the NT$2.79 billion in net investment gain, the NT$0.32 billion in net interest income offset by the NT$0.65 billion in exchange loss.\n\n\n\nNon-Operating Income and Expenses\n\n\n(Amount: NT$ million)\n3Q24\n\n2Q24\n\n3Q23\n\n\nNon-Operating Income and Expenses\n2,464\n\n2,529\n\n3,336\n\n\nNet Interest Income and Expenses\n324\n\n701\n\n617\n\n\nNet Investment Gain and Loss\n2,791\n\n1,440\n\n1,885\n\n\nExchange Gain and Loss\n(652\n)\n407\n\n324\n\n\nOther Gain and Loss\n1\n\n(19\n)\n510\n\n\n\nIn 3Q24, cash inflow from operating activities was NT$17.35 billion. Cash outflow from investing activities totaled NT$23.93 billion, which included NT$22.30 billion in capital expenditure, resulting in free cash outflow of NT$4.95 billion. Cash outflow from financing was NT$12.75 billion, primarily from NT$37.59 billion in dividend distribution offset by the NT$25.05 billion in bank loans. Net cash outflow in 3Q24 amounted to NT$18.26 billion. Over the next 12 months, the company expects to repay NT$4.97 billion in bank loans.\n\n\n\nCash Flow Summary\n\n\n(Amount: NT$ million)\nFor the 3-Month Period EndedSep. 30, 2024\nFor the 3-Month Period EndedJun. 30, 2024\n\n\nCash Flow from Operating Activities\n17,347\n\n22,728\n\n\n\nNet income before tax\n16,564\n\n16,420\n\n\n\nDepreciation & Amortization\n12,702\n\n11,117\n\n\n\nShare of profit of associates and joint ventures\n(843\n)\n(1,267\n)\n\n\nIncome tax paid\n(3,755\n)\n(5,831\n)\n\n\nChanges in working capital & others\n(7,321\n)\n2,289\n\n\n\nCash Flow from Investing Activities\n(23,927\n)\n(15,131\n)\n\n\nDecrease (increase) in financial assets measured at amortized cost\n(1,988\n)\n3,219\n\n\n\nAcquisition of PP&E\n(21,729\n)\n(20,042\n)\n\n\nChanges in refundable deposits\n(205\n)\n1,507\n\n\n\nAcquisition of intangible assets\n(499\n)\n(578\n)\n\n\nOthers\n494\n\n763\n\n\n\nCash Flow from Financing Activities\n(12,750\n)\n(5,705\n)\n\n\nBank loans\n25,050\n\n(2,503\n)\n\n\nRedemption of bonds\n-\n\n(3,000\n)\n\n\nCash dividends\n(37,585\n)\n-\n\n\n\nOthers\n(215\n)\n(202\n)\n\n\nEffect of Exchange Rate\n1,073\n\n341\n\n\n\nNet Cash Flow\n(18,257\n)\n2,233\n\n\n\nBeginning balance\n121,234\n\n119,431\n\n\n\nChanges in non-current assets held for sale\n430\n\n(430\n)\n\n\nEnding balance\n103,407\n\n121,234\n\n\n\n\nCash and cash equivalents decreased to NT$103.41 billion. Days of inventory decreased 3 days to 85 days.\n\n\n\nCurrent Assets\n\n\n(Amount: NT$ billion)\n3Q24\n\n2Q24\n\n3Q23\n\n\nCash and Cash Equivalents\n103.41\n\n121.23\n\n140.64\n\n\nNotes & Accounts Receivable\n33.74\n\n32.53\n\n31.11\n\n\nDays Sales Outstanding\n50\n\n51\n\n49\n\n\nInventories, net\n38.09\n\n36.33\n\n36.56\n\n\nDays of Inventory\n85\n\n88\n\n89\n\n\nTotal Current Assets\n193.61\n\n207.22\n\n219.28\n\n\n\nCurrent liabilities declined to NT$88.27 billion. Short-term credit / bonds increased to NT$30.86 billion while payables on equipment was NT$14.89 billion. Total liabilities decreased to NT$205.80 billion, leading to a debt to equity ratio of 56%.\n\n\n\nLiabilities\n\n\n(Amount: NT$ billion)\n3Q24\n\n2Q24\n\n3Q23\n\n\nTotal Current Liabilities\n88.27\n\n124.97\n\n92.07\n\n\nAccounts Payable\n9.01\n\n8.18\n\n8.37\n\n\nShort-Term Credit / Bonds\n30.86\n\n16.21\n\n30.07\n\n\nPayables on Equipment\n14.89\n\n22.36\n\n15.95\n\n\nDividends Payable\n-\n\n37.59\n\n-\n\n\nOther\n33.51\n\n40.63\n\n37.68\n\n\nLong-Term Credit / Bonds\n58.13\n\n47.48\n\n49.38\n\n\nTotal Liabilities\n205.80\n\n230.87\n\n197.26\n\n\nDebt to Equity\n56%\n\n65%\n\n56%\n\n\n\nAnalysis of Revenue2\nRevenue from Asia-Pacific grew to 65% while business from North America was 26% of sales. Business from Europe declined to 5% while contribution from Japan remained unchanged at 4%.\n\n\n\nRevenue Breakdown by Region\n\n\nRegion\n3Q24\n2Q24\n1Q24\n4Q23\n3Q23\n\n\nNorth America\n26%\n25%\n25%\n23%\n27%\n\n\nAsia Pacific\n65%\n64%\n63%\n62%\n58%\n\n\nEurope\n5%\n7%\n8%\n11%\n12%\n\n\nJapan\n4%\n4%\n4%\n4%\n3%\n\n\n\nRevenue contribution from 22/28nm was 35% of the wafer revenue, while 40nm contribution increased to 13% of sales.\n\n\n\nRevenue Breakdown by Geometry\n\n\nGeometry\n3Q24\n2Q24\n1Q24\n4Q23\n3Q23\n\n\n14nm and below\n0%\n0%\n0%\n0%\n0%\n\n\n14nm\n     \n35%\n33%\n33%\n36%\n32%\n\n\n28nm\n     \n13%\n12%\n14%\n14%\n13%\n\n\n40nm\n     \n15%\n15%\n18%\n16%\n19%\n\n\n65nm\n     \n10%\n12%\n10%\n9%\n8%\n\n\n90nm\n     \n10%\n11%\n9%\n9%\n12%\n\n\n0.13um\n     \n11%\n10%\n11%\n9%\n9%\n\n\n0.18um\n     \n5%\n5%\n4%\n5%\n5%\n\n\n0.5um and above\n1%\n2%\n1%\n2%\n2%\n\n\n\nRevenue from fabless customers accounted for 85% of revenue.\n\n\n\nRevenue Breakdown by Customer Type\n\n\nCustomer Type\n3Q24\n2Q24\n1Q24\n4Q23\n3Q23\n\n\nFabless\n85%\n87%\n82%\n78%\n79%\n\n\nIDM\n15%\n13%\n18%\n22%\n21%\n\n\n\nRevenue from the communication segment increased to 42%, while business from computer applications declined to 13%. Business from consumer applications remained at 31% as other segments decreased to 14% of revenue.\n\n\n\nRevenue Breakdown by Application (1)\n\n\nApplication\n3Q24\n2Q24\n1Q24\n4Q23\n3Q23\n\n\nComputer\n13%\n15%\n13%\n13%\n13%\n\n\nCommunication\n42%\n39%\n48%\n47%\n46%\n\n\nConsumer\n31%\n31%\n23%\n23%\n23%\n\n\nOthers\n14%\n15%\n16%\n17%\n18%\n\n\n\n\n\n\n(1) Computer consists of ICs such as CPU, GPU, HDD controllers, DVD/CD-RW control ICs, PC chipset, audio codec, keyboard controller, monitor scaler, USB, I/O chipset, WLAN. Communication consists of handset components, broadband, bluetooth, Ethernet, LAN, DSP, etc. Consumer consists of ICs used for DVD players, DTV, STB, MP3/MP4, flash controller, game consoles, DSC, smart cards, toys, etc.\n\n\n\nBlended ASP Trend\nBlended average selling price (ASP) remained firm in 3Q24.\n(To view blended ASP trend, please click here for 3Q24 ASP)\nShipment and Utilization Rate3\nWafer shipments increased 7.8% QoQ to 896K during the third quarter, while quarterly capacity was 1,274K. Overall utilization rate in 3Q24 grew to 71%.\n\n\n\nWafer Shipments\n\n\n\n3Q24\n2Q24\n1Q24\n4Q23\n3Q23\n\n\nWafer Shipments(12\" K equivalents)\n896\n831\n810\n775\n795\n\n\n\n\n\nQuarterly Capacity Utilization Rate\n\n\n\n3Q24\n2Q24\n1Q24\n4Q23\n3Q23\n\n\nUtilization Rate\n71%\n68%\n65%\n66%\n67%\n\n\nTotal Capacity(12\" K equivalents)\n1,274\n1,257\n1,212\n1,204\n1,182\n\n\n\nCapacity4\nTotal capacity in the third quarter increased to 1,274K 12-inch equivalent wafers. Capacity in the fourth quarter of 2024 will slightly grow to 1,280K 12-inch equivalent wafers.\n\n\n\nAnnual Capacity inthousands of wafers\n\nQuarterly Capacity inthousands of wafers\n\n\nFAB\nGeometry(um)\n2023\n2022\n2021\n2020\n\nFAB\n4Q24E\n3Q24\n2Q24\n1Q24\n\n\nWTK\n6\"\n5 – 0.15\n328\n335\n329\n371\n\nWTK\n6\"\n83\n83\n83\n82\n\n\n8A\n8\"\n3 – 0.11\n811\n765\n755\n802\n\n8A\n8\"\n207\n207\n207\n206\n\n\n8C\n8\"\n0.35 – 0.11\n473\n459\n459\n452\n\n8C\n8\"\n119\n119\n119\n119\n\n\n8D\n8\"\n0.18 – 0.11\n440\n410\n380\n371\n\n8D\n8\"\n118\n118\n118\n118\n\n\n8E\n8\"\n0.6 – 0.14\n490\n469\n457\n449\n\n8E\n8\"\n131\n131\n131\n130\n\n\n8F\n8\"\n0.18 – 0.11\n570\n550\n514\n485\n\n8F\n8\"\n145\n145\n145\n144\n\n\n8S\n8\"\n0.18 – 0.11\n447\n443\n408\n373\n\n8S\n8\"\n114\n114\n114\n113\n\n\n8N\n8\"\n0.5 – 0.11\n996\n952\n917\n917\n\n8N\n8\"\n254\n254\n254\n252\n\n\n12A\n12\"\n0.13 – 0.014\n1,305\n1,170\n1,070\n1,044\n\n12A\n12\"\n409\n403\n386\n358\n\n\n12i\n12\"\n0.13 – 0.040\n655\n655\n641\n628\n\n12i\n12\"\n172\n172\n172\n164\n\n\n12X\n12\"\n0.080 – 0.022\n317\n314\n284\n217\n\n12X\n12\"\n80\n80\n80\n79\n\n\n12M\n12\"\n0.13 – 0.040\n438\n436\n395\n391\n\n12M\n12\"\n115\n115\n115\n110\n\n\nTotal (1)\n4,674\n4,458\n4,201\n4,083\n\nTotal\n1,280\n1,274\n1,257\n1,212\n\n\nYoY Growth Rate\n5%\n6%\n3%\n13%\n\n\n\n\n\n\n\n\n\n(1) One 6-inch wafer is converted into 0.25 (62/122) 12-inch equivalent wafer; one 8-inch wafer is converted into 0.44 (82/122) 12-inch equivalent wafers. Total capacity figures are expressed in 12-inch equivalent wafers.\nCAPEX\nCAPEX spending in 3Q24 totaled US$688 million. 2024 cash-based CAPEX budget will be US$3.0 billion.\n\n\n\nCapital Expenditure by Year - in US$ billion\n\n\nYear\n2023\n2022\n2021\n2020\n2019\n\n\nCAPEX\n$ 3.0\n$ 2.7\n$ 1.8\n$ 1.0\n$ 0.6\n\n\n\n\n\n\n2024 CAPEX Plan\n\n\n8\"\n12\"\nTotal\n\n\n5%\n95%\nUS$3.0 billion\n\n\n\nFourth Quarter 2024 Outlook & Guidance\nQuarter-over-Quarter Guidance:\n\nWafer Shipments: Will remain flat\nASP in USD: Will remain flatNTD appreciation will lead to a decline in our reported Q4 NTD revenue\nGross Profit Margin: Will be close to 30%\nCapacity Utilization: high-60% range\n2024 CAPEX: US$3.0 billion\n\nRecent Developments / Announcements\n\n\n\nApr. 25, 2024\nUMC Files Form 20-F for 2023 with US Securities and Exchange Commission\n\n\nApr. 30, 2024\nUMC Achieves Highest Corporate Governance Ranking among Taiwan Listed Companies for 10th Consecutive Year\n\n\nMay 2, 2024\nUMC Introduces Industry’s First 3D IC Solution for RFSOI, Accelerating Innovations in the 5G Era\n\n\nMay 21, 2024\nUMC’s Singapore Fab 12i Celebrates First Tool Move-In for New Phase 3 Expansion\n\n\nMay 30, 2024\nUMC Shareholders Elect 16th Term of Directors at Annual Shareholders’ Meeting\n\n\nJun. 20, 2024\nUMC Launches Most Advanced 22nm eHV Platform to Power Next-Generation Smartphone Displays\n\n\n\nPlease visit UMC’s website for further details regarding the above announcements\nConference Call / Webcast Announcement\nWednesday, October 30, 2024\nTime: 5:00 PM (Taipei) / 5:00 AM (New York) / 9:00 AM (London)\n\n\n\nDial-in numbers and Access Codes:\n\n\n\n\nTaiwan Number:\n\n02 3396 1191\n\n\nTaiwan Toll Free:\n\n0080 119 6666\n\n\nUS Toll Free:\n\n+1 866 212 5567\n\n\nOther Areas:\n\n+886 2 3396 1191\n\n\n\n\n\n\n\nAccess Code:\n\n1116030#\n\n\n\nA live webcast and replay of the 3Q24 results announcement will be available at\nwww.umc.com under the \"Investors / Events\" section.\nAbout UMC\nUMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC’s 12-in and 8-in fabs with its core R&D are in Taiwan, with additional ones throughout Asia. UMC has a total of 12 fabs in production with a combined capacity of more than 400,000 wafers per month (12-in equivalent), and all of them are certified with IATF 16949 automotive quality standards. UMC is headquartered in Hsinchu, Taiwan, plus local offices in the United States, Europe, China, Japan, Korea, and Singapore, with a worldwide total of 20,000 employees. For more information, please visit: http://www.umc.com.\nSafe Harbor Statements\nThis press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding anticipated financial results for the third quarter of 2024; the expected wafer shipment and ASP; the anticipated annual budget; capex strategies; environmental protection goals and water management strategies; impact of foreign currency exchange rates; expected foundry capacities; the ability to obtain new business opportunities; and information under the heading \"Fourth Quarter 2024 Outlook and Guidance.\"\nThese forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to: (i) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic and political conditions; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, including natural disasters, terrorist activity, armed conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii) fluctuations in foreign currency exchange rates. Further information regarding these and other risk factors is included in UMC’s filings with the United States Securities and Exchange Commission, including its Annual Report on Form 20-F. All information provided in this release is as of the date of this release and are based on assumptions that UMC believes to be reasonable as of this date, and UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.\nThe financial statements included in this release are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the ROC, which is different from International Financial Reporting Standards, or IFRSs, issued by the International Accounting Standards Board. Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs differ in certain significant respects from generally accepted accounting principles in the ROC and generally accepted accounting principles in the United States.\n- FINANCIAL TABLES TO FOLLOW -\n\n\n\nUNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES\n\n\nConsolidated Condensed Balance Sheet\n\n\nAs of September 30, 2024\n\n\nFigures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\nSeptember 30, 2024\n\n\n\nUS$\n\nNT$\n\n%\n\n\nAssets\n\n\n\n\n\n\n\nCurrent assets\n\n\n\n\n\n\n\nCash and cash equivalents\n3,267\n\n103,407\n\n18.0\n%\n\n\nAccounts receivable, net\n1,066\n\n33,744\n\n5.9\n%\n\n\nInventories, net\n1,203\n\n38,090\n\n6.6\n%\n\n\nOther current assets\n581\n\n18,367\n\n3.2\n%\n\n\nTotal current assets\n6,117\n\n193,608\n\n33.7\n%\n\n\n\n\n\n\n\n \n\n\nNon-current assets\n\n\n\n\n\n\n\nFunds and investments\n2,423\n\n76,693\n\n13.4\n%\n\n\nProperty, plant and equipment\n8,734\n\n276,445\n\n48.1\n%\n\n\nRight-of-use assets\n255\n\n8,057\n\n1.4\n%\n\n\nOther non-current assets\n616\n\n19,489\n\n3.4\n%\n\n\nTotal non-current assets\n12,028\n\n380,684\n\n66.3\n%\n\n\nTotal assets\n18,145\n\n574,292\n\n100.0\n%\n\n\n\n\n\n\n\n \n\n\nLiabilities\n\n\n\n\n\n\n\nCurrent liabilities\n\n\n\n\n\n\n\nShort-term loans\n539\n\n17,069\n\n3.0\n%\n\n\nPayables\n1,486\n\n47,035\n\n8.2\n%\n\n\nCurrent portion of long-term liabilities\n436\n\n13,787\n\n2.4\n%\n\n\nOther current liabilities\n328\n\n10,383\n\n1.8\n%\n\n\nTotal current liabilities\n2,789\n\n88,274\n\n15.4\n%\n\n\n\n\n\n\n\n \n\n\nNon-current liabilities\n\n\n\n\n\n\n\nBonds payable\n777\n\n24,584\n\n4.3\n%\n\n\nLong-term loans\n1,060\n\n33,550\n\n5.8\n%\n\n\nLease liabilities, noncurrent\n186\n\n5,882\n\n1.0\n%\n\n\nOther non-current liabilities\n1,690\n\n53,511\n\n9.3\n%\n\n\nTotal non-current liabilities\n3,713\n\n117,527\n\n20.4\n%\n\n\nTotal liabilities\n6,502\n\n205,801\n\n35.8\n%\n\n\n\n\n\n\n\n \n\n\nEquity\n\n\n\n\n\n\n\nEquity attributable to the parent company\n\n\n\n\n\n\n\nCapital\n3,958\n\n125,285\n\n21.8\n%\n\n\nAdditional paid-in capital\n454\n\n14,342\n\n2.5\n%\n\n\nRetained earnings and other components of equity\n7,222\n\n228,577\n\n39.8\n%\n\n\nTotal equity attributable to the parent company\n11,634\n\n368,204\n\n64.1\n%\n\n\nNon-controlling interests\n9\n\n287\n\n0.1\n%\n\n\nTotal equity\n11,643\n\n368,491\n\n64.2\n%\n\n\nTotal liabilities and equity\n18,145\n\n574,292\n\n100.0\n%\n\n\n\n\n\n\n\n \n\n\nNote: New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2024 exchange rate of NT $31.65 per U.S. Dollar.\n\n\n\n\n\n\nUNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES\n\n\nConsolidated Condensed Statements of Comprehensive Income\n\n\nFigures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)\n\n\nExcept Per Share and Per ADS Data\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\nYear over Year Comparison\n\nQuarter over Quarter Comparison\n\n\n\nThree-Month Period Ended\n\n\n\nThree-Month Period Ended\n\n\n\n\n\nSeptember 30, 2024\n\nSeptember 30, 2023\n\nChg.\n\nSeptember 30, 2024\n\nJune 30, 2024\n\nChg.\n\n\n\nUS$\n\nNT$\n\nUS$\n\nNT$\n\n%\n\nUS$\n\nNT$\n\nUS$\n\nNT$\n\n%\n\n\nOperating revenues\n1,911\n\n\n60,485\n\n\n1,803\n\n\n57,069\n\n\n6.0\n%\n\n1,911\n\n\n60,485\n\n\n1,795\n\n\n56,799\n\n\n6.5\n%\n\n\nOperating costs\n(1,266\n)\n\n(40,056\n)\n\n(1,157\n)\n\n(36,608\n)\n\n9.4\n%\n\n(1,266\n)\n\n(40,056\n)\n\n(1,164\n)\n\n(36,816\n)\n\n8.8\n%\n\n\nGross profit...\n   645\n\n\n20,429\n\n\n646\n\n\n20,461\n\n\n(0.2\n%)\n\n645\n\n\n20,429\n\n\n631\n\n\n19,983\n\n\n2.2\n%\n\n\n\n33.8\n%\n\n33.8\n%\n\n35.9\n%\n\n35.9\n%\n\n\n\n33.8\n%\n\n33.8\n%\n\n35.2\n%\n\n35.2\n%\n\n\n\n\nOperating expenses\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n- Sales and marketing expenses\n(23\n)\n\n(717\n)\n\n(23\n)\n\n(735\n)\n\n(2.6\n%)\n\n(23\n)\n\n(717\n)\n\n(21\n)\n\n(678\n)\n\n5.7\n%\n\n\n- General and administrative expenses\n(57\n)\n\n(1,820\n)\n\n(54\n)\n\n(1,731\n)\n\n5.3\n%\n\n(57\n)\n\n(1,820\n)\n\n(57\n)\n\n(1,804\n)\n\n0.9\n%\n\n\n- Research and development expenses\n(127\n)\n\n(4,022\n)\n\n(103\n)\n\n(3,255\n)\n\n23.5\n%\n\n(127\n)\n\n(4,022\n)\n\n(122\n)\n\n(3,853\n)\n\n4.4\n%\n\n\n- Expected credit impairment gain (loss)\n(0\n)\n\n(0\n)\n\n(0\n)\n\n(1\n)\n\n(91.9\n%)\n\n(0\n)\n\n(0\n)\n\n1\n\n\n24\n\n\n-\n\n\n\nSubtotal\n(207\n)\n\n(6,559\n)\n\n(180\n)\n\n(5,722\n)\n\n14.6\n%\n\n(207\n)\n\n(6,559\n)\n\n(199\n)\n\n(6,311\n)\n\n3.9\n%\n\n\nNet other operating income and expenses\n7\n\n\n230\n\n\n18\n\n\n573\n\n\n(59.9\n%)\n\n7\n\n\n230\n\n\n7\n\n\n219\n\n\n4.8\n%\n\n\nOperating income\n445\n\n\n14,100\n\n\n484\n\n\n15,312\n\n\n(7.9\n%)\n\n445\n\n\n14,100\n\n\n439\n\n\n13,891\n\n\n1.5\n%\n\n\n\n23.3\n%\n\n23.3\n%\n\n26.8\n%\n\n26.8\n%\n\n\n\n23.3\n%\n\n23.3\n%\n\n24.5\n%\n\n24.5\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nNet non-operating income and expenses\n78\n\n\n2,464\n\n\n105\n\n\n3,336\n\n\n(26.1\n%)\n\n78\n\n\n2,464\n\n\n80\n\n\n2,529\n\n\n(2.5\n%)\n\n\nIncome from continuing operations before income tax\n523\n\n\n16,564\n\n\n589\n\n\n18,648\n\n\n(11.2\n%)\n\n523\n\n\n16,564\n\n\n519\n\n\n16,420\n\n\n0.9\n%\n\n\n\n27.4\n%\n\n27.4\n%\n\n32.7\n%\n\n32.7\n%\n\n\n\n27.4\n%\n\n27.4\n%\n\n28.9\n%\n\n28.9\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nIncome tax expense\n(67\n)\n\n(2,122\n)\n\n(85\n)\n\n(2,682\n)\n\n(20.9\n%)\n\n(67\n)\n\n(2,122\n)\n\n(84\n)\n\n(2,645\n)\n\n(19.8\n%)\n\n\nNet income\n456\n\n\n14,442\n\n\n504\n\n\n15,966\n\n\n(9.5\n%)\n\n456\n\n\n14,442\n\n\n435\n\n\n13,775\n\n\n4.8\n%\n\n\n\n23.9\n%\n\n23.9\n%\n\n28.0\n%\n\n28.0\n%\n\n\n\n23.9\n%\n\n23.9\n%\n\n24.3\n%\n\n24.3\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nOther comprehensive income (loss)\n(72\n)\n\n(2,299\n)\n\n226\n\n\n7,138\n\n\n-\n\n\n(72\n)\n\n(2,299\n)\n\n44\n\n\n1,375\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nTotal comprehensive income (loss)\n384\n\n\n12,143\n\n\n730\n\n\n23,104\n\n\n(47.4\n%)\n\n384\n\n\n12,143\n\n\n479\n\n\n15,150\n\n\n(19.8\n%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nNet income attributable to:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShareholders of the parent\n457\n\n\n14,472\n\n\n505\n\n\n15,971\n\n\n(9.4\n%)\n\n457\n\n\n14,472\n\n\n436\n\n\n13,786\n\n\n5.0\n%\n\n\nNon-controlling interests\n(1\n)\n\n(30\n)\n\n(1\n)\n\n(5\n)\n\n490.9\n%\n\n(1\n)\n\n(30\n)\n\n(1\n)\n\n(11\n)\n\n176.6\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nComprehensive income (loss) attributable to:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShareholders of the parent\n385\n\n\n12,173\n\n\n730\n\n\n23,109\n\n\n(47.3\n%)\n\n385\n\n\n12,173\n\n\n479\n\n\n15,161\n\n\n(19.7\n%)\n\n\nNon-controlling interests\n(1\n)\n\n(30\n)\n\n(0\n)\n\n(5\n)\n\n496.6\n%\n\n(1\n)\n\n(30\n)\n\n(0\n)\n\n(11\n)\n\n177.0\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nEarnings per share-basic\n0.037\n\n\n1.16\n\n\n0.041\n\n\n1.29\n\n\n\n\n0.037\n\n\n1.16\n\n\n0.035\n\n\n1.11\n\n\n\n\n\nEarnings per ADS (2)\n0.183\n\n\n5.80\n\n\n0.204\n\n\n6.45\n\n\n\n\n0.183\n\n\n5.80\n\n\n0.175\n\n\n5.55\n\n\n\n\n\nWeighted average number of shares outstanding (in millions)\n\n\n12,436\n\n\n\n\n12,371\n\n\n\n\n\n\n12,436\n\n\n\n\n12,414\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nNotes:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2024 exchange rate of NT $31.65 per U.S. Dollar.\n\n\n\n\n\n\n\n\n(2) 1 ADS equals 5 common shares.\n\n\n\n\n\n\n\n\n\n\n\n\nUNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES\n\n\nConsolidated Condensed Statements of Comprehensive Income\n\n\nFigures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)\n\n\nExcept Per Share and Per ADS Data\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\nFor the Three-Month Period Ended\nFor the Nine-Month Period Ended\n\n\n\nSeptember 30, 2024\n\nSeptember 30, 2024\n\n\n\nUS$\n\nNT$\n\n%\n\nUS$\n\nNT$\n\n%\n\n\nOperating revenues\n1,911\n\n\n60,485\n\n\n100.0\n%\n\n5,432\n\n\n171,916\n\n\n100.0\n%\n\n\nOperating costs\n(1,266\n)\n\n(40,056\n)\n\n(66.2\n%)\n\n(3,621\n)\n\n(114,605\n)\n\n(66.7\n%)\n\n\nGross profit\n645\n\n\n20,429\n\n\n33.8\n%\n\n1,811\n\n\n57,311\n\n\n33.3\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nOperating expenses\n\n\n\n\n\n\n\n\n\n\n\n\n\n- Sales and marketing expenses\n(23\n)\n\n(717\n)\n\n(1.2\n%)\n\n(66\n)\n\n(2,078\n)\n\n(1.2\n%)\n\n\n- General and administrative expenses\n(57\n)\n\n(1,820\n)\n\n(3.0\n%)\n\n(168\n)\n\n(5,326\n)\n\n(3.0\n%)\n\n\n- Research and development expenses\n(127\n)\n\n(4,022\n)\n\n(6.6\n%)\n\n(356\n)\n\n(11,282\n)\n\n(6.6\n%)\n\n\n- Expected credit impairment gain (loss)\n(0\n)\n\n(0\n)\n\n(0.0\n%)\n\n2\n\n\n69\n\n\n0.0\n%\n\n\nSubtotal\n(207\n)\n\n(6,559\n)\n\n(10.8\n%)\n\n(588\n)\n\n(18,617\n)\n\n(10.8\n%)\n\n\nNet other operating income and expenses\n7\n\n\n230\n\n\n0.3\n%\n\n30\n\n\n962\n\n\n0.6\n%\n\n\nOperating income\n445\n\n\n14,100\n\n\n23.3\n%\n\n1,253\n\n\n39,656\n\n\n23.1\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nNet non-operating income and expenses\n78\n\n\n2,464\n\n\n4.1\n%\n\n191\n\n\n6,049\n\n\n3.5\n%\n\n\nIncome from continuing operations before income tax\n523\n\n\n16,564\n\n\n27.4\n%\n\n1,444\n\n\n45,705\n\n\n26.6\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nIncome tax expense\n(67\n)\n\n(2,122\n)\n\n(3.5\n%)\n\n(223\n)\n\n(7,058\n)\n\n(4.1\n%)\n\n\nNet income\n456\n\n\n14,442\n\n\n23.9\n%\n\n1,221\n\n\n38,647\n\n\n22.5\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nOther comprehensive income (loss)\n(72\n)\n\n(2,299\n)\n\n(3.8\n%)\n\n222\n\n\n7,030\n\n\n4.1\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nTotal comprehensive income (loss)\n384\n\n\n12,143\n\n\n20.1\n%\n\n1,443\n\n\n45,677\n\n\n26.6\n%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nNet income attributable to:\n\n\n\n\n\n\n\n\n\n\n\n\n\nShareholders of the parent\n457\n\n\n14,472\n\n\n23.9\n%\n\n1,223\n\n\n38,714\n\n\n22.5\n%\n\n\nNon-controlling interests\n(1\n)\n\n(30\n)\n\n(0.0\n%)\n\n(2\n)\n\n(67\n)\n\n(0.0\n%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nComprehensive income (loss) attributable to:\n\n\n\n\n\n\n\n\n\n\n\n\n\nShareholders of the parent\n385\n\n\n12,173\n\n\n20.1\n%\n\n1,445\n\n\n45,745\n\n\n26.6\n%\n\n\nNon-controlling interests\n(1\n)\n\n(30\n)\n\n(0.0\n%)\n\n(2\n)\n\n(68\n)\n\n(0.0\n%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nEarnings per share-basic\n0.037\n\n\n1.16\n\n\n\n\n0.099\n\n\n3.12\n\n\n\n\n\nEarnings per ADS (2)\n0.183\n\n\n5.80\n\n\n\n\n0.493\n\n\n15.60\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nWeighted average number of shares outstanding (in millions)\n\n\n12,436\n\n\n\n\n\n\n12,422\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nNotes:\n\n\n\n\n\n\n\n\n\n\n\n\n\n(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2024 exchange rate of NT $31.65 per U.S. Dollar.\n\n\n\n\n(2) 1 ADS equals 5 common shares.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nUNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES\n\n\nConsolidated Condensed Statement of Cash Flows\n\n\nFor The Nine-Month Period Ended September 30, 2024\n\n\nFigures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)\n\n\n\n\n\n \n\n\n\nUS$\n\nNT$\n\n\nCash flows from operating activities :\n\n\n\n\n\nNet income before tax\n1,444\n\n\n45,705\n\n\n\nDepreciation & Amortization\n1,097\n\n\n34,705\n\n\n\nShare of profit of associates and joint ventures\n(70\n)\n\n(2,211\n)\n\n\nIncome tax paid\n(311\n)\n\n(9,839\n)\n\n\nChanges in working capital & others\n(236\n)\n\n(7,465\n)\n\n\nNet cash provided by operating activities\n1,924\n\n\n60,895\n\n\n\n\n\n\n \n\n\nCash flows from investing activities :\n\n\n\n\n\nAcquisition of property, plant and equipment\n(2,220\n)\n\n(70,268\n)\n\n\nAcquisition of intangible assets\n(61\n)\n\n(1,922\n)\n\n\nOthers\n102\n\n\n3,217\n\n\n\nNet cash used in investing activities\n(2,179\n)\n\n(68,973\n)\n\n\n\n\n\n \n\n\nCash flows from financing activities :\n\n\n\n\n\nIncrease in short-term loans\n112\n\n\n3,539\n\n\n\nRedemption of bonds\n(161\n)\n\n(5,100\n)\n\n\nProceeds from long-term loans\n803\n\n\n25,410\n\n\n\nRepayments of long-term loans\n(325\n)\n\n(10,290\n)\n\n\nCash dividends\n(1,188\n)\n\n(37,585\n)\n\n\nOthers\n(28\n)\n\n(868\n)\n\n\nNet cash used in financing activities\n(787\n)\n\n(24,894\n)\n\n\n\n\n\n \n\n\nEffect of exchange rate changes on cash and cash equivalents\n121\n\n\n3,825\n\n\n\nNet decrease in cash and cash equivalents\n(921\n)\n\n(29,147\n)\n\n\n\n\n\n \n\n\nCash and cash equivalents at beginning of period\n4,188\n\n\n132,554\n\n\n\n\n\n\n \n\n\nCash and cash equivalents at end of period\n3,267\n\n\n103,407\n\n\n\n\n\n\n \n\n\n\n\n\n \n\n\nNote: New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2024 exchange rate of NT $31.65 per U.S. Dollar.\n\n\n\n__________________________\n1Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with TIFRSs recognized by Financial Supervisory Commission in the ROC, which is different from IFRSs issued by the International Accounting Standards Board. They represent comparisons among the three-month period ending September 30, 2024, the three-month period ending June 30, 2024, and the equivalent three-month period that ended September 30, 2023. For all 3Q24 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. Dollars at the September 30, 2024 exchange rate of NT$ 31.65 per U.S. Dollar.\n2 Revenue in this section represents wafer sales\n3 Utilization Rate = Quarterly Wafer Out / Quarterly Capacity\n4 Estimated capacity numbers are based on calculated maximum output rather than designed capacity. The actual capacity numbers may differ depending upon equipment delivery schedules, pace of migration to more advanced process technologies, and other factors affecting production ramp-up.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241030558224/en/\nContacts\nMichael Lin / David WongUMC, Investor Relations + 886-2-2658-9168, ext. 16900jinhong_lin@umc.com david_wong@umc.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479272797"}