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Taipei,
Taiwan, R.O.C. - December 13, 2000 — United Microelectronics
Corporation
(TAIEX: 2303, NYSE: UMC)
In response to recent market
speculation regarding an investment project by the Company
in Singapore, UMC confirmed today that it is engaged in advanced
negotiations concerning a possible investment in Singapore,
but also noted that there can be no assurances as to whether
a transaction will be completed. The Company also said
no further comments will be made until a transaction is announced
or discussions are terminated. The Company has scheduled a
public announcement to take place in Singapore on Friday,
December 15, at 10:00 a.m.
Notes to Editors
UMC is one of the world's largest
independent semiconductor foundries and a leader in advanced
process technology. The company posted 1999 global sales of
US$1.74 billion and US$2.34 billion for the nine-month period
ended September 30, 2000. UMC operates fabs in Taiwan and
Japan, and has two 12-inch fabs under construction. A leader
in foundry technology, UMC expects capacity to reach 3.4 million
wafers per year in 2001, with over half in advanced 0.18 and
0.25-micron technology and is introducing standard 0.13-micron
in the year 2000. The company has marketing and customer support
offices located in the United States, Japan, and the Netherlands.
UMC's shares have been listed on the Taiwan Stock Exchange
since 1985 and the company's ADS trade on the NYSE under the
symbol UMC. One ADS represents five ordinary shares. Additional
information on the company is available on the web at http://www.umc.com
Safe Harbor Statement
Except for statements in respect
of historical matters, the statements in this release are
"forward-looking statements" within the meaning of Section
27A of the Securities and Exchange Act of 1933 and Section
21E of the U.S. Securities Act of 1934. Such forward-looking
statements involve known and unknown risks, uncertainties
and other factors which may cause the actual performance,
financial condition or results of operations of UMC to be
materially different from any future such matters implied
by the statements. 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, and technological and development
risks. The risks, uncertainties and factors include,
among others, those stated in the section entitled "Risk Factors"
in our Registration Statement on Form F-1 filed with the U.S.
Securities and Exchange Commission on September 15, 2000.
The forecasted financial statements included in this release
were published on October 23, 2000, in accordance with the
Republic of China Securities and Futures Commission's requirements.
These statements were also prepared and published in accordance
with ROC GAAP; investors are cautioned that there are differences
between ROC GAAP and US GAAP, as described for example in
our Registration Statement filed September 15, 2000, under
Regulation F-1. The financial forecasts and foreward looking
statements in this release reflect the current belief of UMC
as of this date and UMC undertakes no obligation to update
this forecast for events or circumstances that occur subsequent
to this date.
Editorial
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