22nm business traction remains robust and well positioned for future growth
Third Quarter 2025 Overview(1) :
-- Revenue: NT$59.13 billion (US$1.94 billion)
-- Gross margin: 29.8%; Operating margin: 18.8%
-- Revenue from 22/28nm: 35%
-- Capacity utilization rate: 78%
-- Net income attributable to shareholders of the parent: NT$14.98 billion
(US$492 million)
-- Earnings per share: NT$1.20; earnings per ADS: US$0.197
TAIPEI, Taiwan--(BUSINESS WIRE)--October 29, 2025--
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 2025.
Third quarter consolidated revenue was NT$59.13 billion, increasing 0.6% from NT$58.76 billion in 2Q25. Compared to a year ago, 3Q25 revenue decreased 2.2%. Consolidated gross margin for 3Q25 was 29.8%. Net income attributable to the shareholders of the parent was NT$14.98 billion, with earnings per ordinary share of NT$1.20.
Jason Wang, co-president of UMC, said, "In the third quarter, we observed demand growth across most market segments, which drove a 3.4% increase in wafer shipments and improved utilization rate to 78%. In particular, we benefited from a pick-up in sales of smartphones and notebooks, driving replenishment orders from customers. Our 22nm technology platforms continue to provide us with differentiation in the market, with 22nm revenue now accounting for more than 10% of total sales. In 2025 alone, we are projecting over 50 product tape-outs and we expect 22nm contribution to continue increasing in 2026. Aligned with our strategy of providing customers with highly differentiated specialty technologies, we recently announced the readiness of our 55nm BCD platform. In addition to mobile and consumer applications, the new platform is also compliant with the most rigorous automotive standards for automotive and industrial uses."
Co-president Wang added, "Looking ahead to the fourth quarter, we are anticipating wafer shipments to be comparable with third quarter's volume, wrapping up 2025 with shipment growth in the low teens. UMC continues to deliver competitive process technologies that enable diverse applications, which positions the company to benefit from a broad-based market recovery, with 22nm logic and specialty platforms in particular expected to drive growth."
Co-president Wang said, "UMC has been a pioneer in the industry for climate action as the first semiconductor foundry worldwide to pledge net zero greenhouse gas emissions. Demonstrating our commitment, UMC once again led the industry in receiving Science Based Targets initiative (SBTi) validation of our emissions reduction targets under the most stringent climate standard. In addition to executing on reduction programs within our own operations, we are also working closely with partners to address the carbon footprint of our upstream and downstream value chain as we progress towards net zero by 2050."
(1) Unless 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, 2025, the three-month period ending June 30, 2025, and the equivalent three-month period that ended September 30, 2024. For all 3Q25 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. Dollars at the September 30, 2025 exchange rate of NT$ 30.47 per U.S. Dollar.
Summary of Operating Results
Operating Results
--------------------------------------------------------------------
QoQ % YoY %
(Amount: NT$ million) 3Q25 2Q25 change 3Q24 change
---------------------- ------ ------ ------ ------ --------
Operating Revenues 59,127 58,758 0.6 60,485 (2.2)
Gross Profit 17,623 16,878 4.4 20,429 (13.7)
Operating Expenses (6,973) (6,467) 7.8 (6,559) 6.3
Net Other Operating
Income and Expenses 467 409 14.3 230 103.6
Operating Income 11,118 10,820 2.8 14,100 (21.1)
Net Non-Operating
Income and Expenses 3,526 (666) - 2,464 43.1
Net Income Attributable
to Shareholders of the
Parent 14,982 8,903 68.3 14,472 3.5
EPS (NT$ per share) 1.20 0.71 1.16
EPS (US$ per ADS) 0.197 0.121 0.183
Exchange rate (USD/NTD) 30.47 29.28 31.65
----------------------- ------ ------ ------ ------ --------
Note: Sums may not
equal totals due to
rounding.
Third quarter operating revenues grew 0.6% sequentially to NT$59.13 billion. Revenue contribution from 40nm and below technologies represented 52% of wafer revenue. Gross profit increased 4.4% QoQ to NT$17.62 billion, or 29.8% of revenue. Operating expenses increased 7.8% to NT$6.97 billion. Net other operating income increased 14.3% to NT$0.47 billion. Net non-operating income totaled NT$3.53 billion. Net income attributable to shareholders of the parent amounted to NT$14.98 billion.
Earnings per ordinary share for the quarter was NT$1.20. Earnings per ADS was US$0.197. The basic weighted average number of shares outstanding in 3Q25 was 12,485,162,809, compared with 12,484,877,493 shares in 2Q25 and 12,436,436,695 shares in 3Q24. The diluted weighted average number of shares outstanding was 12,556,345,829 in 3Q25, compared with 12,534,082,055 shares in 2Q25 and 12,559,358,115 shares in 3Q24. The fully diluted shares counted on September 30, 2025 were approximately 12,556,346,000.
Detailed Financials Section
Operating revenues increased to NT$59.13 billion. COGS decreased 0.9% QoQ to NT$41.50 billion. Gross profit increased 4.4% to NT$17.62 billion. Operating expenses grew 7.8% QoQ to NT$6.97 billion, as R&D increased 10.4% to NT$4.63 billion, Sales & Marketing increased 6.2% to NT$0.63 billion, and G&A also increased 1.9% to NT$1.72 billion. Net other operating income was NT$0.47 billion. In 3Q25, operating income increased 2.8% QoQ to NT$11.12 billion.
COGS & Expenses
-----------------------------------------------------------------------
QoQ % YoY %
(Amount: NT$ million) 3Q25 2Q25 change 3Q24 change
---------------------- ------- ------- ------ ------- --------
Operating Revenues 59,127 58,758 0.6 60,485 (2.2)
COGS (41,504) (41,880) (0.9) (40,056) 3.6
Depreciation (12,635) (12,317) 2.6 (10,449) 20.9
Other Mfg. Costs (28,869) (29,563) (2.3) (29,607) (2.5)
Gross Profit 17,623 16,878 4.4 20,429 (13.7)
Gross Margin (%) 29.8% 28.7% 33.8%
Operating Expenses (6,973) (6,467) 7.8 (6,559) 6.3
Sales & Marketing (628) (591) 6.2 (717) (12.3)
G&A (1,715) (1,682) 1.9 (1,820) (5.8)
R&D (4,631) (4,194) 10.4 (4,022) 15.1
Expected Credit
Impairment Gain
(Loss) 0 (0) - (0) -
Net Other Operating
Income & Expenses 467 409 14.3 230 103.6
Operating Income 11,118 10,820 2.8 14,100 (21.1)
----------------------- ------- ------- ----- ------- -----
Note: Sums may not equal totals due to rounding.
Net non-operating income in 3Q25 was NT$3.53 billion, primarily reflecting the NT$3.19 billion in net investment gain and the NT$0.25 billion in exchange gain.
Non-Operating Income and Expenses ---------------------------------------------------------------- (Amount: NT$ million) 3Q25 2Q25 3Q24 ------------------------------------ ----- ------ ----- Non-Operating Income and Expenses 3,526 (666) 2,464 Net Interest Income and Expenses 88 309 324 Net Investment Gain and Loss 3,192 326 2,791 Exchange Gain and Loss 250 (1,280) (652) Other Gain and Loss (3) (20) 1 ------------------------------------- ----- ------ ----- Note: Sums may not equal totals due to rounding.
In 3Q25, cash inflow from operating activities was NT$20.94 billion. Cash outflow from investing activities totaled NT$16.15 billion, including NT$12.01 billion in capital expenditures, resulting in free cash flow of NT$8.93 billion. Cash outflow from financing activities was NT$15.16 billion, primarily due to the NT$35.79 billion in dividend distribution, offset by the NT$15.87 billion increase in bank loans and NT$5.00 billion in bonds issued. Net cash outflow in 3Q25 amounted to NT$7.78 billion. Over the next 12 months, the company expects to repay NT$24.05 billion in bank loans.
Cash Flow Summary
------------------------------------------------------------------------------
For the 3-Month Period For the 3-Month Period
(Amount: NT$ million) Ended Sep. 30, 2025 Ended Jun. 30, 2025
---------------------- -------------------------- --------------------------
Cash Flow from
Operating Activities 20,938 22,098
Net income before
tax 14,644 10,154
Depreciation &
Amortization 14,995 14,506
Share of profit of
associates and
joint ventures (1,250) (446)
Income tax paid (3,341) (2,135)
Changes in working
capital & others (4,110) 19
Cash Flow from
Investing Activities (16,152) (9,438)
Increase in
financial assets
measured at
amortized cost (4,043) (1,397)
Acquisition of PP&E (11,223) (7,543)
Acquisition of
intangible assets (948) (1,045)
Others 62 547
Cash Flow from
Financing Activities (15,160) 1,149
Bank loans 15,874 (3,767)
Bonds issued 5,000 5,200
Cash dividends (35,788) -
Others (246) (284)
Effect of Exchange
Rate 2,597 (8,169)
Net Cash Flow (7,777) 5,640
Beginning balance 111,994 106,354
Ending balance 104,217 111,994
---------------------- --------------------- --- --------------------- ---
Note: Sums may not equal totals due to rounding.
Cash and cash equivalents decreased to NT$104.22 billion. Days of inventory was 76 days.
Current Assets --------------------------------------------------- (Amount: NT$ billion) 3Q25 2Q25 3Q24 -------------------------- ------ ------ ------ Cash and Cash Equivalents 104.22 111.99 103.41 Accounts Receivable 32.25 32.38 33.74 Days Sales Outstanding 50 52 50 Inventories, net 35.18 34.02 38.09 Days of Inventory 76 76 85 Total Current Assets 192.85 195.18 193.61 --------------------------- ------ ------ ------
Current liabilities decreased to NT$82.28 billion. Long-term credit / bonds increased to NT$53.76 billion. Total liabilities decreased to NT$194.20 billion, leading to a debt to equity ratio of 54%.
Liabilities ------------------------------------------------------ (Amount: NT$ billion) 3Q25 2Q25 3Q24 ----------------------------- ------ ------ ------ Total Current Liabilities 82.28 110.39 88.27 Accounts Payable 8.04 8.54 9.01 Short-Term Credit / Bonds 30.15 21.30 30.86 Payables on Equipment 11.57 8.35 14.89 Dividends Payable - 35.79 - Other 32.52 36.41 33.51 Long-Term Credit / Bonds 53.76 41.60 58.13 Total Liabilities 194.20 211.10 205.80 Debt to Equity 54% 63% 56% ------------------------------ ------ ------ ------
Analysis of Revenue(2)
Revenue from Asia Pacific decreased to 63%, while business from North America increased to 25% of sales. Business from Europe remained unchanged at 8%, while contribution from Japan was 4%.
Revenue Breakdown by Region
--------------------------------------------
Region 3Q25 2Q25 1Q25 4Q24 3Q24
-------------- ---- ---- ---- ---- ----
North America 25% 20% 22% 25% 26%
-------------- ---- ---- ---- ---- ----
Asia Pacific 63% 67% 66% 61% 65%
-------------- ---- ---- ---- ---- ----
Europe 8% 8% 7% 11% 5%
-------------- ---- ---- ---- ---- ----
Japan 4% 5% 5% 3% 4%
-------------- ---- ---- ---- ---- ----
Revenue contribution from 22/28nm was 35% of wafer revenue, while 40nm contribution increased to 17% of sales.
Revenue Breakdown by Geometry
-----------------------------------------------
Geometry 3Q25 2Q25 1Q25 4Q24 3Q24
----------------- ---- ---- ---- ---- ----
14nm and below 0% 0% 0% 0% 0%
----------------- ---- ---- ---- ---- ----
14nm<x<=28nm 35% 40% 37% 34% 35%
----------------- ---- ---- ---- ---- ----
28nm<x<=40nm 17% 15% 16% 16% 13%
----------------- ---- ---- ---- ---- ----
40nm<x<=65nm 18% 17% 16% 16% 15%
----------------- ---- ---- ---- ---- ----
65nm<x<=90nm 8% 7% 8% 11% 10%
----------------- ---- ---- ---- ---- ----
90nm<x<=0.13um 8% 7% 7% 10% 10%
----------------- ---- ---- ---- ---- ----
0.13um<x<=0.18um 9% 9% 10% 9% 11%
----------------- ---- ---- ---- ---- ----
0.18um<x<=0.35um 4% 4% 5% 4% 5%
----------------- ---- ---- ---- ---- ----
0.5um and above 1% 1% 1% 0% 1%
----------------- ---- ---- ---- ---- ----
Revenue from fabless customers accounted for 81% of revenue.
Revenue Breakdown by Customer Type
---------------------------------------------
Customer Type 3Q25 2Q25 1Q25 4Q24 3Q24
--------------- ---- ---- ---- ---- ----
Fabless 81% 81% 82% 84% 85%
--------------- ---- ---- ---- ---- ----
IDM 19% 19% 18% 16% 15%
--------------- ---- ---- ---- ---- ----
Revenue from the communication segment accounted for 42%, while business from computer applications was 12% of sales. Business from consumer applications accounted for 29%, while other segments was 17% of revenue.
Revenue Breakdown by Application (1)
-----------------------------------------------
Application 3Q25 2Q25 1Q25 4Q24 3Q24
---------------- ----- ---- ---- ---- ----
Computer 12% 11% 11% 13% 13%
---------------- ----- ---- ---- ---- ----
Communication 42% 41% 40% 39% 42%
---------------- ----- ---- ---- ---- ----
Consumer 29% 33% 34% 29% 31%
---------------- ----- ---- ---- ---- ----
Others 17% 15% 15% 19% 14%
---------------- ----- ---- ---- ---- ----
(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.
(2) Revenue in this section represents wafer sales.
Blended ASP Trend
(To view blended ASP trend, please click here for 3Q25 ASP)
Shipment and Utilization Rate(3)
Wafer shipments increased 3.4% QoQ to 1,000K during the third quarter, while quarterly capacity was 1,305K. Overall utilization rate in 3Q25 grew to 78%.
Wafer Shipments
-------------------------------------------------- -----
3Q25 2Q25 1Q25 4Q24 3Q24
---------------------- ----- ----- ----- ----- -----
Wafer Shipments (12"
K equivalents) 1,000 967 910 909 896
---------------------- ----- ----- ----- ----- -----
Quarterly Capacity Utilization Rate
-------------------------------------------------- -----
3Q25 2Q25 1Q25 4Q24 3Q24
--------------------- ----- ----- ----- ----- -----
Utilization Rate 78% 76% 69% 70% 71%
---------------------- ----- ----- ----- ----- -----
Total Capacity (12"
K equivalents) 1,305 1,290 1,264 1,280 1,274
---------------------- ----- ----- ----- ----- -----
(3) Utilization Rate = Quarterly Wafer Out / Quarterly Capacity
Capacity(4)
Total capacity in the third quarter increased to 1,305K 12-inch equivalent wafers. Capacity will remain unchanged at 1,305K 12-inch equivalent wafers in the fourth quarter of 2025.
Annual Capacity in Quarterly Capacity in
thousands of wafers thousands of wafers
------------------------------------------------ -------------------------------------
Geometry
FAB (um) 2024 2023 2022 2021 FAB 4Q25E 3Q25 2Q25 1Q25
-------- --------- ----- ----- ----- ------ -------- ----- ----- ----- ------
WTK 6" 5 -- 0.15 331 328 335 329 WTK 6" 80 80 80 78
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
8A 8" 3 -- 0.11 829 811 765 755 8A 8" 215 215 215 212
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.35 --
8C 8" 0.11 477 473 459 459 8C 8" 125 125 125 123
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.18 --
8D 8" 0.09 473 440 410 380 8D 8" 118 118 118 116
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.6 --
8E 8" 0.14 524 490 469 457 8E 8" 131 131 131 129
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.18 --
8F 8" 0.11 578 570 550 514 8F 8" 146 146 146 144
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.18 --
8S 8" 0.11 455 447 443 408 8S 8" 117 117 117 115
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.5 --
8N 8" 0.11 1,013 996 952 917 8N 8" 250 250 250 246
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.13 --
12A 12" 0.014 1,556 1,305 1,170 1,070 12A 12" 409 409 409 402
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.13 --
12i 12" 0.040 678 655 655 641 12i 12" 172 172 172 169
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.080 --
12X 12" 0.022 318 317 314 284 12X 12" 95 95 80 78
--- --- --------- ----- ----- ----- ------ --- --- ----- ----- ----- ------
0.13 --
12M 12" 0.040 455 438 436 395 12M 12" 119 119 119 113
=== === ========= ===== ===== ===== ====== === === ===== ===== ===== ======
Total(1) 5,022 4,674 4,458 4,201 Total 1,305 1,305 1,290 1,264
=================== ===== ===== ===== ====== -------- ----- ----- ----- ------
YoY Growth Rate 7% 5% 6% 3%
------------------- ----- ----- ----- ------
(1) One 6-inch wafer is converted into 0.25 (6(2) /12(2) ) 12-inch equivalent wafer; one
8-inch wafer is converted into 0.44 (8(2) /12(2) ) 12-inch equivalent wafers. Total
capacity figures are expressed in 12-inch equivalent wafers.
CAPEX
CAPEX spending in 3Q25 totaled US$399 million. 2025 cash-based CAPEX budget will be US$1.8 billion.
Capital Expenditure by Year - in US$ billion
-------------------------------------------------------
Year 2024 2023 2022 2021 2020
--------- -------- ------- ------- ------- -------
CAPEX $ 2.9 $ 3.0 $ 2.7 $ 1.8 $ 1.0
--------- -------- ------- ------- ------- -------
2025 CAPEX Plan
------------------------
8" 12" Total
--- --- --------------
10% 90% US$1.8 billion
--- --- --------------
(4) 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.
Fourth Quarter 2025 Outlook & Guidance
Quarter-over-Quarter Guidance:
-- Wafer Shipments: Will remain flat -- ASP in USD: Will remain firm -- Gross Profit Margin: Will be approximately in the high-20% range -- Capacity Utilization: mid-70% range -- 2025 CAPEX: US$1.8 billion
Recent Developments / Announcements
Aug. 8, 2025 UMC's 1.5degC Net-Zero targets validated by Science Based
Targets initiative (SBTi)
Aug. 11, 2025 UMC Wins HR Asia 2025 Best Companies to Work for in Asia
Award
Oct. 22, 2025 UMC Introduces 55nm BCD Platform to Elevate Power Efficiency
for Smartphones, Consumer Electronics, and Automotive
Applications
Please visit UMC's website for further details regarding the
above announcements
Conference Call / Webcast Announcement
Wednesday, October 29, 2025
Time: 5:00 PM (Taipei) / 5:00 AM (New York) / 09:00 AM (London)
Dial-in numbers and Access Codes: Taiwan Number: 02 3396 1191 Taiwan Toll Free: 0080 119 6666 US Toll Free: +1 866 212 5567 Other Areas: +886 2 3396 1191 Access Code: 3308029#
A live webcast and replay of the 3Q25 results announcement will be available at
www.umc.com under the "Investors / Events" section.
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.
Safe Harbor Statements
This 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 2025; 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 2025 Outlook and Guidance."
These 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.
The 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.
- FINANCIAL TABLES TO FOLLOW -
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Balance Sheet
As of September 30, 2025
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
September 30, 2025
-------------------------
US$ NT$ %
------- -------- ------
Assets
Current assets
Cash and cash equivalents 3,420 104,217 18.8%
Accounts receivable, net 1,058 32,245 5.8%
Inventories, net 1,155 35,181 6.3%
Other current assets 696 21,211 3.8%
------- -------- ------
Total current assets 6,329 192,854 34.7%
------- -------- ------
Non-current assets
Funds and investments 2,372 72,264 13.0%
Property, plant and equipment 8,707 265,291 47.8%
Right-of-use assets 246 7,494 1.4%
Other non-current assets 574 17,493 3.2%
------- -------- ------
Total non-current assets 11,898 362,542 65.3%
------- -------- ------
Total assets 18,228 555,395 100.0%
======= ======== ======
Liabilities
Current liabilities
Short-term loans 527 16,060 2.9%
Payables 1,352 41,205 7.4%
Current portion of long-term
liabilities 462 14,086 2.5%
Other current liabilities 359 10,925 2.0%
------- -------- ------
Total current liabilities 2,700 82,276 14.8%
------- -------- ------
Non-current liabilities
Bonds payable 961 29,278 5.3%
Long-term loans 803 24,479 4.4%
Lease liabilities, noncurrent 179 5,449 1.0%
Other non-current liabilities 1,730 52,712 9.5%
------- -------- ------
Total non-current liabilities 3,673 111,919 20.2%
------- -------- ------
Total liabilities 6,373 194,195 35.0%
------- -------- ------
Equity
Equity attributable to the parent
company
Capital 4,121 125,563 22.6%
Additional paid-in capital 492 14,992 2.7%
Retained earnings and other components
of equity 7,237 220,505 39.7%
------- -------- ------
Total equity attributable to the
parent company 11,850 361,060 65.0%
Non-controlling interests 5 140 0.0%
------- -------- ------
Total equity 11,854 361,200 65.0%
------- -------- ------
Total liabilities and equity 18,228 555,395 100.0%
======= ======== ======
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the
September 30, 2025 exchange rate of NT $30.47 per U.S. Dollar.
(2) Sums may not equal totals due to rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Year over Year Comparison Quarter over Quarter Comparison
------------------------------------------------- -----------------------------------------------
Three-Month Period Ended Three-Month Period Ended
September 30, June 30,
September 30, 2025 2024 Chg. September 30, 2025 2025 Chg.
----------------------- ------------- --------- ----------------------- ----------- ---------
US$ NT$ NT$ % US$ NT$ NT$ %
---------- ----------- ------------- --------- ---------- ----------- ----------- ---------
Operating
revenues 1,940 59,127 60,485 (2.2%) 1,940 59,127 58,758 0.6%
Operating costs (1,362) (41,504) (40,056) 3.6% (1,362) (41,504) (41,880) (0.9%)
------ ------- ------- --- ----- ------ ------- ------- -----
Gross profit 578 17,623 20,429 (13.7%) 578 17,623 16,878 4.4%
------ ------- ------- ---- ----- ------ ------- ------- -----
29.8% 29.8% 33.8% 29.8% 29.8% 28.7%
Operating
expenses
- Sales and
marketing
expenses (21) (628) (717) (12.3%) (21) (628) (591) 6.2%
- General and
administrative
expenses (56) (1,715) (1,820) (5.8%) (56) (1,715) (1,682) 1.9%
- Research and
development
expenses (152) (4,631) (4,022) 15.1% (152) (4,631) (4,194) 10.4%
- Expected
credit
impairment gain
(loss) 0 0 (0) - 0 0 (0) -
------ ------- ------- --- ----- ------ ------- ------- -----
Subtotal (229) (6,973) (6,559) 6.3% (229) (6,973) (6,467) 7.8%
------ ------- ------- --- ----- ------ ------- ------- -----
Net other
operating income
and expenses 15 467 230 103.6% 15 467 409 14.3%
------ ------- ------- ---- ----- ------ ------- ------- -----
Operating income 365 11,118 14,100 (21.1%) 365 11,118 10,820 2.8%
18.8% 18.8% 23.3% 18.8% 18.8% 18.4%
Net non-operating
income and
expenses 116 3,526 2,464 43.1% 116 3,526 (666) -
------ ------- ------- ---- ----- ------ ------- ------- -----
Income from
continuing
operations
before income
tax 481 14,644 16,564 (11.6%) 481 14,644 10,154 44.2%
24.8% 24.8% 27.4% 24.8% 24.8% 17.3%
Income tax
benefit
(expense) 10 300 (2,122) - 10 300 (1,306) -
------ ------- ------- --- ----- ------ ------- ------- -----
Net income 490 14,944 14,442 3.5% 490 14,944 8,848 68.9%
25.3% 25.3% 23.9% 25.3% 25.3% 15.1%
Other
comprehensive
income (loss) 296 9,005 (2,299) - 296 9,005 (27,075) -
------ ------- ------- --- ----- ------ ------- ------- -----
Total
comprehensive
income (loss) 786 23,949 12,143 97.2% 786 23,949 (18,227) -
====== ======= ======= ==== ===== ====== ======= ======= =====
Net income
attributable
to:
Shareholders of
the parent 492 14,982 14,472 3.5% 492 14,982 8,903 68.3%
Non-controlling
interests (1) (38) (30) 25.0% (1) (38) (55) (30.6%)
Comprehensive
income (loss)
attributable
to:
Shareholders of
the parent 787 23,987 12,173 97.0% 787 23,987 (18,172) -
Non-controlling
interests (1) (38) (30) 24.7% (1) (38) (55) (31.1%)
Earnings per
share-basic 0.039 1.20 1.16 0.039 1.20 0.71
------ ------- ------- ---- ------ ------- -------
Earnings per ADS
(2) 0.197 6.00 5.80 0.197 6.00 3.55
------ ------- ------- ---- ------ ------- -------
Weighted average
number of shares
outstanding (in
millions) 12,485 12,436 12,485 12,485
------- ------- ---- ------- -------
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2025 exchange rate of NT $30.47
per U.S. Dollar.
(2) 1 ADS equals 5 common shares.
(3) Sums may not equal totals due to
rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
For the Three-Month Period
Ended For the Nine-Month Period Ended
September 30, 2025 September 30, 2025
------------------------------- --------------------------------
US$ NT$ % US$ NT$ %
---------- -------- --------- ---------- --------- ---------
Operating
revenues 1,940 59,127 100.0% 5,768 175,744 100.0%
Operating costs (1,362) (41,504) (70.2%) (4,129) (125,796) (71.6%)
------ ------- ----- ------ -------- -----
Gross profit 578 17,623 29.8% 1,639 49,948 28.4%
------ ------- ----- ------ -------- -----
Operating
expenses
- Sales and
marketing
expenses (21) (628) (1.1%) (60) (1,838) (1.1%)
- General and
administrative
expenses (56) (1,715) (2.9%) (162) (4,939) (2.8%)
- Research and
development
expenses (152) (4,631) (7.8%) (420) (12,788) (7.3%)
- Expected
credit
impairment
gain 0 0 0.0% 0 2 0.0%
------ ------- ----- ------ -------- -----
Subtotal (229) (6,973) (11.8%) (642) (19,563) (11.1%)
------ ------- ----- ------ -------- -----
Net other
operating income
and expenses 15 467 0.8% 44 1,339 0.8%
------ ------- ----- ------ -------- -----
Operating income 365 11,118 18.8% 1,041 31,723 18.0%
Net non-operating
income and
expenses 116 3,526 6.0% 79 2,421 1.4%
------ ------- ----- ------ -------- -----
Income from
continuing
operations
before income
tax 481 14,644 24.8% 1,121 34,144 19.4%
Income tax
benefit
(expense) 10 300 0.5% (86) (2,609) (1.5%)
------ ------- ----- ------ -------- -----
Net income 490 14,944 25.3% 1,035 31,535 17.9%
Other
comprehensive
income (loss) 296 9,005 15.2% (446) (13,581) (7.7%)
------ ------- ----- ------ -------- -----
Total
comprehensive
income (loss) 786 23,949 40.5% 589 17,955 10.2%
====== ======= ===== ====== ======== =====
Net income
attributable
to:
Shareholders of
the parent 492 14,982 25.3% 1,039 31,661 18.0%
Non-controlling
interests (1) (38) (0.1%) (4) (126) (0.1%)
Comprehensive
income (loss)
attributable
to:
Shareholders of
the parent 787 23,987 40.6% 593 18,081 10.3%
Non-controlling
interests (1) (38) (0.1%) (4) (126) (0.1%)
Earnings per
share-basic 0.039 1.20 0.083 2.54
------ ------- ------ --------
Earnings per ADS
(2) 0.197 6.00 0.417 12.70
------ ------- ------ --------
Weighted average
number of shares
outstanding (in
millions) 12,485 12,485
------- --------
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the September
30, 2025 exchange rate of NT $30.47 per U.S. Dollar.
(2) 1 ADS equals 5 common shares.
(3) Sums may not equal totals due to
rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statement of Cash Flows
For The Nine-Month Period Ended September 30, 2025
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
US$ NT$
------- --------
Cash flows from operating activities :
Net income before tax 1,121 34,144
Depreciation & Amortization 1,432 43,629
Share of profit of associates and joint ventures (49) (1,489)
Income tax paid (199) (6,060)
Changes in working capital & others (110) (3,364)
------ -------
Net cash provided by operating activities 2,194 66,861
Cash flows from investing activities :
Increase in financial assets measured at
amortized cost (170) (5,189)
Acquisition of property, plant and equipment (1,080) (32,919)
Acquisition of intangible assets (76) (2,321)
Others 142 4,333
------ -------
Net cash used in investing activities (1,185) (36,095)
Cash flows from financing activities :
Increase in short-term loans 246 7,507
Proceeds from bonds issued 335 10,200
Proceeds from long-term loans 701 21,359
Repayments of long-term loans (977) (29,777)
Cash dividends (1,175) (35,788)
Others (42) (1,289)
------ -------
Net cash used in financing activities (912) (27,788)
Effect of exchange rate changes on cash and cash
equivalents (123) (3,761)
------ -------
Net decrease in cash and cash equivalents (26) (783)
Cash and cash equivalents at beginning of period 3,446 105,000
------ -------
Cash and cash equivalents at end of period 3,420 104,217
====== =======
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the
September 30, 2025 exchange rate of NT $30.47 per U.S. Dollar.
(2) Sums may not equal totals due to rounding.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251029076646/en/
CONTACT: Michael Lin / David Wong
UMC, Investor Relations
+ 886-2-2658-9168, ext. 16900
jinhong_lin@umc.com
david_wong@umc.com
(END) Dow Jones Newswires
October 29, 2025 09:15 ET (13:15 GMT)