1934 Act Registration No. 1-15128
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Dated May 19, 2003
For the month of April 2003
United Microelectronics Corporation
(Translation of Registrant's Name into English)
No. 3 Li Hsin Road II
Science-Based Industrial Park
Hsinchu, Taiwan, R.O.C.
(Address of Principal Executive Office)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of form 20-F or Form 40-F.)
Form 20-F [X] Form 40-F [_]
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes [_] No [X]
(If "Yes" is marked, indicated below the file number assigned to the
registrant in connection with Rule 12g3-2(b): Not applicable )
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
United Microelectronics Corporation
Date: 5/19/2003 By /s/ Stan Hung
---------------------------------
Stan Hung
Chief Financial Officer
Exhibit
Exhibit Description
------- -------------------------------------------------------------------------------------------------
99.1 Announcement on April 16, 2003: Represent subsidiary company Fortune Venture Capital
Corporation to announce related materials on disposal of CADENCE DESIGN SYSTEMS,INC
securities
99.2 Announcement on April 29, 2003: Impacts of SARS on the Company's financial and business
operation
99.3 Announcement on April 30, 2003: UMC announced its unconsolidated operating results for the first
quarter of 2003
99.4 Announcement on May 5, 2003: To report the completion of phase VI share buy back program
99.5 Announcement on May 9, 2003: April sales
99.6 Announcement on May 15, 2003: 1) the trading and pledge of UMC common shares by directors,
supervisors, executive officers and 10% shareholders of UMC 2) the acquisition and disposition of
assets by UMC
EXHIBIT 99.1
Represent subsidiary company Fortune Venture Capital Corporation to announce
related materials on disposal of CADENCE DESIGN SYSTEMS,INC securities
1. Name of the security: common shares of CADENCE DESIGN SYSTEMS,INC.
2. Trading date:2002/05/22~2003/04/16
3. Trading volume, unit price, and total monetary amount of the transaction:
trading volume:758,999 shares; average unit price:$11.7589 USD; total
amount: $8,924,966.99 USD
4. Gain (or loss) on disposal (not applicable in cases of acquisition of
securities):$286,012,206 NTD
5. Relationship with the underlying company of the trade: CADENCE DESIGN
SYSTEMS,INC., investee company under cost method
6. Current cumulative volume, amount, and shareholding percentage of holdings
of the security being traded (including the current trade) and status of
restriction of rights: cumulative volume:369,371 shares; amount: $2,810,819
NTD; percentage of holdings:0.14%; status of restriction of rights: no
7. Current ratio of long or short term securities investment (including the
current trade) to the total assets and shareholder's equity as shown in the
most recent financial statement and the operational capital as shown in the
most recent financial statement: ratio of total assets:94.15%; ratio of
shareholder's equity:96.23%; the operational capital as shown in the most
recent financial statement:$115,023 thousand NTD
8. Concrete purpose/objective of the acquisition or disposal: financial
operation
9. Opinions of directors expressing opposition to the current trade: none
10. Any other matters that need to be specified: none
EXHIBIT 99.2
Impacts of SARS on the Company's financial and business operation
1. Date of occurrence of the event: 2003/04/29
2. Cause of occurrence: SARS currently has no major impact on the Company's
financial and business operation
3. Countermeasures:
(1) Currently, SARs has no major impact on the Company's financial and
business operation, the Company will make announcements on impacts and
contingency measures promptly if there is any further development.
(2) Contingency measures taken by the Company:
1. SARS task team is formed to coordinate related issues.
2. Employees are not allowed to travel to affected areas on business.
3. If any employees traveled to affected areas, there will be ten days
of quarantine period.
4. Reduce unnecessary visits, and any visitors will be required to fill
out SARS survey form, and entry is subjected to approval.
4. Any other matters that need to be specified: n/a
EXHIBIT 99.3
UMC announced its unconsolidated operating results for the first quarter of 2003
1. Date of the investor/press conference:2003/04/30
2. Location of the investor/press conference: The conference call for the first
quarter of 2003 results
3. Financial and business related information:
UMC today announced its unconsolidated operating results for the first
quarter of 2003. Revenue for 1Q03 was NT$17.90 billion, representing a 47.2%
YoY increase from NT$12.16 billion in 1Q02, and a 2.1% QoQ increase from
NT$17.54 billion in 4Q02. Gross profit for the quarter was NT$2.74 billion.
Net income for 1Q03 was NT$403 million. Earnings per ordinary share (EPS)
for the quarter were NT$0.03.
Wafer shipments in 1Q03 were 446 thousand 8-inch equivalent wafers.
Utilization for the quarter was 67%, better than our previously provided
guidance. The blended average selling price (ASP) for the first quarter was
unchanged from 4Q02, and was in line with the QoQ flat ASP guidance we
previously provided. The percentage of revenue from leading-edge 0.13-micron
technology sales increased to 7% in 1Q03, and 38% of revenue in 1Q03 was
from 0.18-micron and below technologies.
"We are pleased to report that results for the first quarter of 2003 are
better than our previously announced guidance, and we are expecting second
quarter wafer shipments to increase by more than 20% compared to the first
quarter." UMC Vice Chairman & CEO John Hsuan said." We believe that the
competitive landscape for the foundry business has changed dramatically and,
since last quarter, have initiated a partnership foundry business model in
which we and our partners form close relationships. In the short term, this
allows the best utilization of our resources, and in the long term, we
believe our profitability and growth rate will outperform other foundries."
4. Any other matters that need to be specified: None
EXHIBIT 99.4
To report the completion of phase VI share buy back program
1. Originally determined ceiling on total monetary amount of the share
repurchase: 60,115,050,000
2. Original scheduled period for the repurchase: From March 5, 2003 to May 4,
2003
3. Originally determined number of shares to be repurchased:500,000,000 shares
4. Originally determined type of shares to be repurchased: common stock
5. Originally determined repurchase price range:NTD31.0 to NTD13.8, and if the
common share price falls below this range, company will still execute the
repurchase program.
6. Date of expiry of the repurchase period or completion of the
repurchase:2003/05/04
7. Number of shares repurchased: 99,195,000 shares
8. Type of shares repurchased: common stock
9. Total monetary amount of shares repurchased: NTD2,056,909,756
10. Average repurchase price per share: NTD20.74
11. Cumulative number of own shares held: 335,462,000
12. Ratio of cumulative number of own shares held during the repurchase period
to the total number of the Company's issued shares: 2.17%
13. Reason for non-completion of the share repurchase at expiry of the
repurchase period: In consideration of the stability of the share price,
the best interest of shareholders and the intention of the employees to
subscribe for the shares, we did not execute the repurchase plan up to its
maximum amount
14. Any other matters that need to be specified: none
EXHIBIT 99.5
United Microelectronics Corporation
May 9, 2003
This is to report the changes or status of 1) Sales volume 2) Funds lent to
other parties 3) Endorsements and guarantees 4) Financial derivative
transactions for the period of April 2003
1) Sales volume (NT$ Thousand)
Period Items 2003 2002 Changes %
------ -------------- ---------- ---------- --------- -----
April Invoice amount 7,777,462 5,280,109 2,497,353 47.30%
Jan - Apr Invoice amount 26,371,446 20,102,072 6,269,374 31.19%
April Net sales 7,321,013 5,239,339 2,081,674 39.73%
Jan - Apr Net sales 25,219,649 17,398,180 7,821,469 44.96%
2) Funds lent to other parties (NT$ Thousand)
Balance as of period end
------------------------
Last Limit of
This Month Month lending
---------- --------- ----------
UMC 0 0 30,949,691
UMC's subsidiaries 30,508 1,939,470 1,940,958
3) Endorsements and guarantees (NT$ Thousand)
Balance
Change as of
in This period Limit of
Month end endorsements
------- ------- ------------
UMC 0 0 61,899,383
UMC's subsidiaries 0 0 0
UMC endorses for subsidiaries 0 0
UMC's subsidiaries endorse for UMC 0 0
UMC endorses for PRC companies 0 0
UMC's subsidiaries endorse for PRC companies 0 0
4) Financial derivatives transactions
a-1 Hedging purpose (for assets/liabilities denominated in foreign currencies)
Underlying assets / liabilities N/A
Financial instruments
Realized profit (loss)
a-2 Hedging purpose (for the position of floating rate liabilities)
Underlying assets / liabilities N/A
Financial instruments
Realized profit (loss)
b Trading purpose : None
EXHIBIT 99.6
United Microelectronics Corporation
For the month of April, 2003
This is to report 1) the trading of directors, supervisors, executive officers
and 10% shareholders of United Microelectronics Corporation ("UMC") (NYSE :
UMC) 2) the pledge and clear of pledge of UMC common shares by directors,
supervisors, executive officers and 10% shareholders of UMC 3) the acquisition
assets by UMC 4) the disposition of assets by UMC for the month of April, 2003
1) The trading of directors, supervisors, executive officers and 10%
shareholders
Number of
shares held
when
elected (for
Directors, Number Number
Supervisors of of
and shares shares
Executive held as held as
Officers) or of of
as May 30, March April
Title Name 2001 31, 2003 30, 2003 Changes
----- ---- ------------ -------- -------- -------
N/a N/a
2) The pledge and clear of pledge of UMC common shares by directors,
supervisors, executive officers and 10% shareholders :
Number Number
of of
shares shares
pledge pledge
as of as of
March April
Title Name 31, 2003 30, 2003 Changes
----- ---- -------- -------- -------
N/a N/a
3) The acquisition assets (NT$ Thousand)
Description of assets April Jan - April
--------------------- --------- -----------
Semiconductor Manufacturing Equipment 1,125,333 2,429,262
Fixed assets 403 10,363
4) The disposition of assets (NT$ Thousand)
Jan -
Description of assets April April
--------------------- ------- -------
Semiconductor Manufacturing Equipment 485,231 743,406
Fixed assets 0 0