UMC refutes the allegations printed in an article in the Dec. 21st edition of a Taiwan daily newspaper, The Commercial Times, claiming that an unspecified "foreign fund manager had received information that UMC has been delivering customer orders ahead of schedule in order to realize revenue from the sales in the current accounting period."

These claims are totally false and clearly contradict the financial and business practices of UMC. Furthermore, such claims lack commonsense; the majority of transactions between UMC and its customers are performed online and the customers have complete control over the shipping schedule. It is completely unreasonable to assume that customers would accept UMC's decison to deliver goods ahead of schedule and thereby increase their own inventory. UMC has brought this article to the attention of Taiwan's SEC to determine whether it was written maliciously with the intent of spreading rumors designed to negatively impact the local stock market.

Editorial Contacts:

UMC
Alex Hinnawi
(886)2-2700-6999 ext.6958