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UMC Shareholders Approve
NT$0.8 Stock Dividend for Fiscal Year 2003
Taipei, Taiwan, R.O.C. – June 1, 2004 — United Microelectronics
Corporation (NYSE: UMC; TAIEX: 2303) today held its 2004 annual
shareholders meeting, with shareholders approving a stock dividend
for fiscal 2003 of NT$0.8 per common share.
At the meeting, shareholders also approved:
1. The financial statements for fiscal 2003, according to which
UMC's revenues for the year were NT$84,862 million, and net income
was NT$14,020 million, with earnings per share of NT$0.92.
2. A capitalization of NT$13,996,855,390, which includes NT$13,335,556,780
from un-appropriated earnings for and prior to the year 2003 and
NT$661,298,610 from capital reserve.
3. The revision of Article 12 of the Articles of Incorporation
for the Company's operational needs, and the subsequent amendment
of Article 25 that records the last revision.
Jackson Hu, UMC's CEO, stated, "The most updated information
we have shows that we are on track to meet our previously issued
guidance for the second quarter of 2004. Fab capacity during this
quarter will be fully utilized, while average selling price (ASP)
per wafer has benefited from increased shipments of chips using
advanced process technology."
Hu continued, "UMC continues to focus on delivering the most
advanced production technology and maintaining its foundry leadership
position in 300mm manufacturing. We believe these factors will help
carry our positive business momentum throughout 2004 under the improving
economic environment, maximizing UMC's profitability for the coming
year."
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 90nm copper, 0.13um copper, and mixed signal/RFCMOS.
UMC is also a leader in 300mm manufacturing; Fab 12A in Taiwan and
Singapore-based UMCi are both in volume production for a variety
of customer products. UMC employs over 9,000 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.
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