UMC Files Form 20-F for 2023 with US Securities and Exchange Commission

Rhea-AI Summary

United Microelectronics (UMC) has filed its 2023 annual report on Form 20-F with the US Securities and Exchange Commission. Shareholders can access the report online or request a hard copy free of charge.

Insights

Financial Analyst

Filing an annual report on Form 20-F is a regulatory requirement for foreign companies listed on U.S. stock exchanges. It provides a comprehensive overview of the company's financial performance, including audited financial statements, risk factors and management's discussion of the fiscal year. An in-depth analysis of UMC's Form 20-F can uncover trends in profitability, efficiency and capital structure that are vital for understanding the company's financial health.

Investors should scrutinize the liquidity ratios to assess short-term financial resilience and solvency ratios for long-term stability. Any significant deviations from industry norms, especially in the semiconductor sector, could indicate strategic shifts or emerging challenges. Also, the management discussion offers insights into how UMC plans to navigate the competitive landscape and any operational risks they may face. While the filing itself is procedural, the content can influence investor sentiment and stock value.

Tech Industry Analyst

The semiconductor industry is fiercely competitive and rapidly evolving. UMC's research and development initiatives and capital expenditures highlighted in the Form 20-F reveal the company's commitment to innovation and maintaining a competitive edge. Given the global semiconductor supply chain pressures, UMC's strategies for capacity expansion and technology advancement are of particular interest.

Analysis of these sections can indicate whether UMC is poised to meet the increasing demand for semiconductors in various tech sectors. It's also important to consider geopolitical risks and trade policies, which can have a significant impact on companies like UMC that operate on a global scale. The annual report gives investors a glimpse into how UMC anticipates and mitigates these risks.

TAIPEI, Taiwan--(BUSINESS WIRE)-- United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today filed its 2023 annual report on Form 20-F with the US Securities and Exchange Commission. The report is available at https://www.umc.com/en/Download/annual_reports.

Shareholders may request a hard copy of the Form 20-F free of charge. Please contact UMC-IR at ir@umc.com.

About UMC

UMC (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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240425013479/en/

Michael Lin / David Wong

UMC Investor Relations

Tel. + 886-2-2658-9168, ext. 16900

jinhong_lin@umc.com

david_wong@umc.com

Source: United Microelectronics Corporation

FAQ

What form did UMC file for 2023 with the US Securities and Exchange Commission?

UMC filed its 2023 annual report on Form 20-F with the US Securities and Exchange Commission.

Where can shareholders access UMC's 2023 annual report?

Shareholders can access UMC's 2023 annual report on Form 20-F online at https://www.umc.com/en/Download/annual_reports or request a hard copy free of charge by contacting UMC-IR at ir@umc.com.