Taipei, Taiwan, R.O.C. – June 9, 2003 - United Microelectronics Corporation (NYSE: UMC; TAIEX: 2303), today held the 2003 annual shareholders meeting, at which its shareholders approved a stock dividend for fiscal 2002 of NT$0.4 per common share.
At the meeting, shareholders also approved:
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The financial statements for fiscal 2002, according to which UMC’s revenues for the year were NT$67,426 million, and net income was NT$7,072 million, with earnings per share of NT$0.48.
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A capitalization of NT$6,658,978,170 from un-appropriated earnings for and prior to the year 2002, which shall increase the paid-in capital of UMC to NT$161,407,434,630.
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The removal of the Article of Incorporation for Article 2 Item 10, according to the notice 0910020242 issued by Hsinchu Since Park Administration on August 27, 2002, and the subsequent amendment of Article 25 that updates all revision dates.
John Hsuan, UMC vice-chairman and CEO, reiterated “Our most recent data indicates that we are on track to meet our previously issued guidance for the second quarter of this year. The average utilization rate of our fabs is growing to over 80 percent, from 67 percent for the first quarter of 2003. Average selling price (ASP) per wafer should be flat quarter-over-quarter due to a stable pricing environment.”
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