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 February 15, 2004
For the month of January 2004
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: 02/16/2004 By /s/ Stan Hung
---------------------- --------------------------------------
Stan Hung
Chief Financial Officer
Exhibit
Exhibit Description
99.1 Announcement on January 28, 2004: To announce related materials on
acquisition of machinery and equipment
99.2 Announcement on January 29, 2004: To announce related materials on
acquisition of machinery and equipment
99.3 Announcement on February 4, 2004: UMC announced its unconsolidated
operating results for the fourth quarter of 2003
99.4 Announcement on February 4, 2004: Change in Juristic-Person Director
99.5 Announcement on February 9, 2004: January sales
99.6 Announcement on February 13, 2004: 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
To announce related materials on acquisition of machinery and equipment
1.Name and nature of the subject matter (e.g. land located at Sublot XX, Lot XX,
North District, Taichung City): Machinery and equipment
2.Date of the occurrence of the event: 2003/12/29-2004/01/28
3.Transaction volume (e.g. XX square meters, equivalent to XX ping), unit price,
total transaction price: Transaction volume: 2; average unit price: $573,764,930
NTD; total transaction price: $1,147,529,860 NTD
4.Counterparty to the trade and its relationship with the company (if the
trading counterpart is a natural person and is not an actual related party of
the Company, the name of the trading counterpart is not required to be
disclosed): ASML HONG KONG LTD. C/O; non-related party transaction
5.Where the counterpart to the trade is an actual related party, a public
announcement shall also include the reason for choosing the related party as
trading counterpart and the identity of the previous owner (including its
relationship with the company and the trading counterpart), price of transfer
and the date of acquisition: Not applicable
6.Where a person who owned the property within the past five years has been an
actual related person of the company, a public announcement shall also include
the dates and prices of acquisition and disposal by the related person and the
person's relationship to the company at those times: Not applicable
7.Anticipated loss or profit from the disposal (not applicable in cases of
acquisition of assets) (where originally deferred, the status or recognition
shall be stated and explained): Not applicable
8.Terms of delivery or payment (including payment period and monetary amount):
1) 90% paid upon shipment; 10% paid after acceptance 2) 100% paid after
acceptance
9.The manner of deciding on this transaction (such as tender invitation, price
comparison, or price negotiation), the reference basis for the decision on price
and the decision-making department: transaction: price negotiation; the
reference basis for the decision on price: market price. The decision-making
department: the Selection Meeting
10.Name of the professional appraisal institution and its appraisal amount: Not
applicable
11.Reason for any significant discrepancy with the transaction amount, and
opinion of the certifying CPA: Not applicable
12.Is the appraisal report price a limited price or specific price? Not
applicable
13.Has an appraisal report not yet been obtained? Not applicable
14.Reason an appraisal report has not yet been obtained: Not applicable
15.Broker and broker's fee: Not applicable
16.Concrete purpose or use of the acquisition or disposition: to produce
integrated circuits
17.Do the directors have any objection to the present transaction? No
18.Any other matters that need to be specified: None
Exhibit 99.2
To announce related materials on acquisition of machinery and equipment
1.Name and nature of the subject matter (e.g. land located at Sublot XX, Lot XX,
North District, Taichung City): Machinery and equipment
2.Date of the occurrence of the event: 2003/12/29-2004/01/29
3.Transaction volume (e.g. XX square meters, equivalent to XX ping), unit price,
total transaction price: Transaction volume: 7; average unit price: $88,883,743
NTD; total transaction price: $622,186,200 NTD
4.Counterparty to the trade and its relationship with the company (if the
trading counterpart is a natural person and is not an actual related party of
the Company, the name of the trading counterpart is not required to be
disclosed): APPLIED MATERIALS ASIA PACIFIC LTD; non-related party transaction
5.Where the counterpart to the trade is an actual related party, a public
announcement shall also include the reason for choosing the related party as
trading counterpart and the identity of the previous owner (including its
relationship with the company and the trading counterpart), price of transfer
and the date of acquisition: Not applicable
6.Where a person who owned the property within the past five years has been an
actual related person of the company, a public announcement shall also include
the dates and prices of acquisition and disposal by the related person and the
person's relationship to the company at those times: Not applicable
7.Anticipated loss or profit from the disposal (not applicable in cases of
acquisition of assets) (where originally deferred, the status or recognition
shall be stated and explained): Not applicable
8.Terms of delivery or payment (including payment period and monetary amount):
1) 90% paid upon shipment; 10% paid after acceptance 2) 100% paid after
acceptance
9.The manner of deciding on this transaction (such as tender invitation, price
comparison, or price negotiation), the reference basis for the decision on price
and the decision-making department: transaction: price negotiation; the
reference basis for the decision on price: market price. The decision-making
department: the Selection Meeting
10.Name of the professional appraisal institution and its appraisal amount: Not
applicable
11.Reason for any significant discrepancy with the transaction amount, and
opinion of the certifying CPA: Not applicable
12.Is the appraisal report price a limited price or specific price? Not
applicable
13.Has an appraisal report not yet been obtained? Not applicable
14.Reason an appraisal report has not yet been obtained: Not applicable
15.Broker and broker's fee: Not applicable
16.Concrete purpose or use of the acquisition or disposition: to produce
integrated circuits
17.Do the directors have any objection to the present transaction? No
18.Any other matters that need to be specified: None
Exhibit 99.3
UMC announced its unconsolidated operating results for the fourth quarter of
2003
1.Date of the investor/press conference: 2004/02/04
2.Location of the investor/press conference: B3 Yong Le Room, The Westin Taipei,
133 Nanking East Road, Sec. 3, Taipei
3.Financial and business related information: United Microelectronics
Corporation (NYSE: UMC; TSE: 2303)
("UMC" or "the Company") today announced its unconsolidated operating results
for the fourth quarter of 2003. Year-over-year revenue increased by 35.3 % to
NT$23.72 billion from NT$17.54 billion, and a 10.1% QoQ increase from NT$21.54
billion in 3Q03. The operating income is NT$4.16 billion, a 60.8% increase
compared with Q303. The net income for 4Q03 was NT$6.73 billion, increased by
60.1% from NT$4.203 billion in 3Q03. EPS was NT$0.44.
Wafer shipments in the forth quarter were 644 thousand 8-inch equivalent wafers
(excluding UMCJ and UMCi), a 17.9% increase from 3Q03, and utilization rate was
96%. The blended average selling price (ASP) for the fourth quarter is the same
as that in 3Q03. The revenue from 0.13-micron increased nearly 50% and the
percentage accounted for the total revenue increased from 9% (Q3) to 12% (Q4).
The percentage of revenue from 0.18-micron and below technologies in the fourth
quarter was 46%. The total capital expenditure of UMC and subsidiaries (UMCi &
UMCJ) was US$740 million in 2003. The expected capital expenditure in 2004 will
reach US$2.12 billion, of which US$1.65 billion will be invested for the
expansion of 12-inch FABs.
"We are pleased to report a sequential increase of over 60% in operating income
for the fourth quarter," said Jackson Hu, CEO at UMC. "During this period, we
experienced a steady increase in overall demand, particularly from the
communications segment, which exhibited a robust rise in orders. Going forward,
we expect the first quarter of 2004 to be significantly stronger than the
pattern we have seen over the previous several years. Furthermore, we expect
over 50% of total net wafer sales to come from 0.18um and below technologies.
Compared with 2002, annual revenue for 2003 grew 26%, and net income doubled.
This improved financial performance demonstrates our strong competitiveness and
points the way toward faster growth." Jackson continued, "During 2003, we
continued to invest in state-of-the-art 300mm manufacturing facilities and in
the development of silicon IP (intellectual property) to best serve our
customers. By the end of 2004, we plan to triple our 300mm manufacturing
capacity to 30-thousand 12-inch wafers per month. Planned total capacity,
including UMCi, will increase 16% year-over-year, with over half of our total
capacity capable of manufacturing chips using 0.18um and below technologies. In
the area of customer service, our extensive program to make key IP available to
our
customers has allowed them to enhance their product performance and speed the
time-to-market for their sophisticated system-on-chip (SOC) devices. As we
continue the ramp up of 90nm manufacturing in the coming year, we will see
increased activity in the development of the key IP necessary to support
customers designing into this state-of-the-art production technology."
4.Any other matters that need to be specified: None
Exhibit 99.4
Change in Juristic-Person Director
1.Date of occurrence of the change: 2004/02/04
2.Name and resume of the replaced person: Peter Courture Chairman, Law+
3.Name and resume of the replacement: Dr. Jackson Hu CEO, UMC
4.Reason for the change: Chuin Li Investment Co. appointed Dr. Jackson Hu to
replace Mr. Peter Courture
5.Number of shares held by the new director or supervisor at the time of
appointment: Not Applicable
6.Original term (From __________ to __________): 2001/05/30~2004/05/29
7.Effective date of the new appointment: 2004/02/04
8.Rate of change of directors/supervisors of the same term: Not Applicable
9.Any other matters that need to be specified: None
Exhibit 99.5
United Microelectronics Corporation
February 9, 2004
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 January 2004
1) Sales volume (NT$ Thousand)
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Period Items 2004 2003 Changes %
--------------------------------------------------------------------------------
January Invoice amount 8,350,030 5,147,585 3,202,445 62.21%
--------------------------------------------------------------------------------
2004 Invoice amount 8,350,030 5,147,585 3,202,445 62.21%
--------------------------------------------------------------------------------
January Net sales 8,290,625 5,403,703 2,886,922 53.42%
--------------------------------------------------------------------------------
2004 Net sales 8,290,625 5,403,703 2,886,922 53.42%
--------------------------------------------------------------------------------
2) Funds lent to other parties (NT$ Thousand)
--------------------------------------------------------------------------------
Balance as of period end
--------------------------------------------------------------------------------
This Month Last Month Limit of lending
--------------------------------------------------------------------------------
UMC 0 0 32,281,487
--------------------------------------------------------------------------------
UMC's subsidiaries 29,704 30,239 1,940,958
--------------------------------------------------------------------------------
3) Endorsements and guarantees (NT$ Thousand)
-----------------------------------------------------------------------------------------------------
Change in This Month Balance as of period end Limit of endorsements
-----------------------------------------------------------------------------------------------------
UMC 0 0 64,562,974
-----------------------------------------------------------------------------------------------------
UMC's subsidiaries -30,623 175,530 175,530
-----------------------------------------------------------------------------------------------------
UMC endorses for subsidiaries 0 0
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UMC's subsidiaries endorse for UMC 0 0
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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) NT$ million
-------------------------------------------------------------------------------------------------------------
Underlying assets / liabilities 16,266
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Financial instruments Interest rate swap
-------------------------------------------------------------------------------------------------------------
Mark to market value 21
-------------------------------------------------------------------------------------------------------------
b Trading purpose : None
Exhibit 99.6
United Microelectronics Corporation
For the month of January, 2004
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 January, 2004
1) The trading of directors, supervisors, executive officers and 10%
shareholders
-------------------------------------------------------------------------------------------------
Title Name Number of shares Number of Number of Changes
held when elected shares held as shares held as
(for Directors, of of
Supervisors and December 31, January 31,
Executive Officers) 2003 2004
or as May 30, 2001
-------------------------------------------------------------------------------------------------
Director Chris Chi 2,271,464 2,136,464 (135,000)
-------------------------------------------------------------------------------------------------
Director Ching-Chang Wen 10,650,919 10,614,919 (36,000)
-------------------------------------------------------------------------------------------------
Director Hong-Jen Wu 32,142,872 32,042,872 (100,000)
-------------------------------------------------------------------------------------------------
Director Fu-Tai Liou 5,299,735 5,149,735 (150,000)
-------------------------------------------------------------------------------------------------
2) The pledge and clear of pledge of UMC common shares by directors,
supervisors, executive officers and 10% shareholders :
--------------------------------------------------------------------------------
Title Name Number of shares Number of shares Changes
pledge as of pledge as of
December 31, 2003 January 31, 2004
--------------------------------------------------------------------------------
N/A N/A 0 0 0
--------------------------------------------------------------------------------
3) The acquisition assets (NT$ Thousand)
--------------------------------------------------------------------------------
Description of assets January 2004
--------------------------------------------------------------------------------
Semiconductor Manufacturing Equipment 1,012,638 1,012,638
--------------------------------------------------------------------------------
Fixed assets 0 0
--------------------------------------------------------------------------------
4) The disposition of assets (NT$ Thousand)
--------------------------------------------------------------------------------
Description of assets January 2004
--------------------------------------------------------------------------------
Semiconductor Manufacturing Equipment 12,507 12,507
--------------------------------------------------------------------------------
Fixed assets 0 0
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