Taipei, Taiwan, R.O.C. - June 13, 2008 - United Microelectronics Corporation (TAIEX: 2303, NYSE: UMC), today held its 2008 annual shareholders meeting, at which shareholders approved a cash dividend payment of NT$0.75 per common share and stock dividend payment of NT$0.45 per common share for fiscal 2007.

At the meeting, shareholders also approved:

• The 2007 Business Report and Financial Statements. The Company's revenue for 2007 was NT$106.77 billion and net income after tax was NT$16.96 billion, with earnings per share of NT$1.09.
• A capitalization of NT$6,775,753,830, which includes NT$2,146,981,340 from un-appropriated earnings for and prior to the year 2007 and NT$4,628,772,490 from capital reserve.
• Shareholder cash dividend of NT$9,382,646,949 and stock dividend of NT$1,000,815,670. The total issued to shareholders is estimated at NT$1.20 per share, including cash dividend of estimated NT$0.75 per share, stock dividend of estimated NT$0.08 per share, and an estimated NT$0.37 per share from capital reserve in stock.
• A total of NT$1,433 million for employee bonus (cash bonus of NT$286,541,418 and stock bonus of NT$1,146,165,670), which is 8.45% of net income after tax.
• The amendment of the Company's "Employee Stock Option Plan 1 to Plan 4" in Article 7 and "Employee Stock Option Plan 5" in Article 6-4-2 and 7, "Transfer Repurchased Shares to Employees Phase IX and XI" in Article 7, "Rules Governing Procedures for Meetings of Board of Directors" in Article 5, 7, 8, 12, 13, 14, 16, 17, and 18, "Acquisition or Disposal of Assets Procedure" in Article 5, "Financial Derivatives Transaction Procedures" in Article 3, 4, 6, 7, and 9, and "Articles of Incorporation" in Article 12, 13, 14, 17, 19, 20 and 25 to accommodate the Company Law and Securities and Exchange Act and requirements from related operations, and the subsequent amendment of Article 25 to record the most recent amendments to the Articles of Incorporation,

UMC (NYSE: UMC, TSE: 2303) is a leading global semiconductor foundry that manufactures advanced system-on-chip (SoC) designs for applications spanning every major sector of the IC industry. UMC's SoC Solution Foundry strategy is based on the strength of the company's advanced technologies, which include production proven 90nm, 65nm, mixed signal/RFCMOS, and a wide range of specialty technologies. Production is supported through 10 wafer manufacturing facilities that 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 13,000 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.