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UMC
Shareholders Approve NT$0.5 Dividend for Fiscal Year 2005 at
Annual Shareholders Meeting
Taipei, Taiwan, R.O.C. - June 12, 2006
- United Microelectronics Corporation (TAIEX: 2303, NYSE: UMC),
today held its 2006 annual shareholders meeting, at which shareholders
approved a stock dividend payment of NT$0.1 and cash dividend payment
of NT$0.4 per common share for fiscal 2005.
At the meeting, shareholders also approved:
| 1. |
The
business report and financial statements for fiscal 2005. The
Company's revenue for 2005 was NT$90,775 million and net income
after tax was NT$7,027 million, with earnings per share of NT$0.38. |
| 2. |
A capitalization
of NT$1,790,316,720, which includes NT$895,158,360 from un-appropriated
earnings for and prior to the year 2005 and NT$895,158,360 from
capital reserve (estimated NT$0.1 per share at par value). |
| 3. |
Cash
dividend of NT$7,161,266,830 (estimated NT$0.4 per share). |
| 4. |
The
amendment of the Company's "Endorsements and Guarantees
Procedure" in Article 2 and 10, the amendment of "Financial
Derivatives Transaction Procedure", the amendment of Articles
9, 10, 11, 13, 14, 16-1 and 24 of the Articles of Incorporation
to accommodate the Company Law and increase of completeness
of the Articles, and the subsequent amendment of Article 25
to record the most recent amendments to the Articles of Incorporation. |
In order to enhance corporate governance by providing
a more diversified insight into the company's operations, three
independent directors were elected during the meeting for the Company's
10th term of Directors and Supervisors. The new directors possess
expertise and valuable knowledge in semiconductors, the IT industry
and business management related fields. The brief biographies for
the newly elected directors are:
Dr. Chun-Yen Chang: Ph. D. of Electronics Engineering, National
Chiao Tung University
- President and National-Endowed-Chair Professor, National Chiao
Tung University (Now)
- Science and Technology Advisor to the President Office and Prime
Minister of the Taiwan ROC (2000-)
- Recipient of the IEEE third millennium medal (2000)
- Founding President of National Nano-Device Laboratories, Taiwan
(1990-97)
Dr. Chung-Laung Liu: Sc. D., Massachusetts Institute of Technology
- Honorary Chair Professor, National Tsing Hua University (2002-
)
- Professor Emeritus, University of Illinois at Urbana-Champaign
(1998- )
- Life Time Achievement Award, Intl. Conference on VLSI Design (2005)
- Recipient of the IEEE Millennium Medal (2000)
- Fellow, Institute of Electrical and Electronics Engineers (1986)
Dr. Paul S.C. Hsu: Ph. D. of Business Administration, University
of Michigan
- Far East Group Chair Professor of Management, Yuan-Ze University
(1998-)
- Chairman, Taiwan Assessment and Evaluation Association (2003-)
- Founding Dean, College of Management, National Taiwan University
(1987-1993)
About UMC
UMC (NYSE: UMC, TSE: 2303) is a leading global semiconductor foundry
that manufactures advanced process ICs for applications spanning
every major sector of the semiconductor industry. UMC delivers cutting-edge
foundry technologies that enable sophisticated system-on-chip (SoC)
designs, including volume production 90nm, industry-leading 65nm,
and mixed signal/RFCMOS. UMC's 10 wafer manufacturing facilities
include two advanced 300mm fabs; Fab 12A in Taiwan and Singapore-based
Fab 12i are both in volume production for a variety of customer
products. The company employs approximately 12,000 people worldwide
and has offices in Taiwan, Japan, Singapore, Europe, and the United
States. UMC can be found on the web at http://www.umc.com.
Contacts:
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