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MICRONAS AND UMC FORM LONG-TERM FOUNDRY RELATIONSHIP

Micronas to utilize UMC manufacturing and technologies

Hsinchu, Taiwan and Freiburg, Germany, June 11th, 2002-Micronas (SWX: MASN, Neuer Market Frankfurt: MNSN), a leading supplier of cutting-edge IC solutions for consumer and automotive electronics, and United Microelectronics Corporation (NYSE: UMC, TSE: 2303), a world-leading semiconductor foundry, today announced a five-year agreement where UMC will be the principal supplier of mixed-mode ICs for Micronas. Under the terms of the agreement, Micronas will have access to UMC's advanced technologies and foundry capacity. Micronas' DPS 9450 first pass silicon has been successfully presented in April and is now in qualification at UMC, and first engineering lots of the MDE 9500, a single-chip hybrid analog/digital TV decoder, are to be processed soon. Both products use UMC's 0.18 micron mixed-mode CMOS technology.

"The foundry agreement will put the existing partnership between UMC and Micronas on a solid base," comments Dr. Wolfgang Kalsbach, CEO of Micronas. "Future system solutions on our roadmap will profit from an early access to most advanced technologies."

"We are pleased to deepen our relationship with Micronas," said John Hsuan, vice chairman and CEO of UMC. "Micronas will be able to rely on UMC's investments in advanced technology and manufacturing capacity under this long-term supply agreement. Our foundry resources are sure to further strengthen their market position as a leader in providing application solutions in promising, high-growth semiconductor sectors."

About Micronas
Micronas (SWX: MASN, Neuer Markt Frankfurt: MNSN), a semiconductor company group with worldwide operations, is a leading supplier of cutting-edge IC and sensor system solutions for consumer electronics, multimedia and automotive electronics. The holding is headquartered in Zurich (Switzerland). Currently, the Micronas group employs about 1500 people. In 2001, it generated over CHF 566 Million in sales. For more information on Micronas and its products, please visit www.micronas.com.


Contacts:

Micronas
Press Office
Iris Bahr
+49 (761) 517-2324
media@micronas.com

UMC Contact in the USA:
KJ Communications
Eileen Elam
(650) -917-1488
kjcome@cs.com


UMC Contact in Taiwan:
Alex Hinnawi
(886) -2-2700-6999 ext. 6958