United Microelectronics (NYSE: UMC) lifts H1 2026 earnings to NT$58.3B
United Microelectronics Corporation reported much stronger interim results. For the three months ended June 30, 2026, operating revenues were NT$68,732,662 thousand and net income was NT$42,223,815 thousand, with basic earnings per share of NT$3.39, compared with NT$58,757,657 thousand revenue and NT$8,847,982 thousand net income a year earlier.
For the six-month period, operating revenues reached NT$129,770,564 thousand and net income NT$58,340,799 thousand, lifting basic EPS to NT$4.68 from NT$1.34. Results benefited from higher gross profit and very large non-operating contributions, including NT$26,421,106 thousand of share of profit of associates and joint ventures and NT$8,168,621 thousand of other gains and losses.
Cash flows from operating activities were NT$55,678,697 thousand, supporting cash and cash equivalents of NT$124,706,465 thousand as of June 30, 2026. Total assets were NT$665,972,883 thousand and equity attributable to the parent company was NT$443,920,249 thousand. Independent auditors performed a review and reported no material modifications were needed.
Positive
- Profitability surged: Net income for the six months ended June 30, 2026 was NT$58,340,799 thousand versus NT$16,591,221 thousand a year earlier, with basic EPS increasing to NT$4.68 from NT$1.34.
- Strong non-operating gains: Share of profit of associates and joint ventures reached NT$26,421,106 thousand and other gains and losses totaled NT$8,168,621 thousand in the first half of 2026, significantly boosting earnings.
- Robust cash generation: Cash flows from operating activities were NT$55,678,697 thousand in the first half of 2026, above NT$45,923,736 thousand in the prior-year period, supporting a cash balance of NT$124,706,465 thousand.
Negative
- None.
Filing Explained
Completed bond exchanges reduced UMC’s exchangeable debt and transferred the related NOVATEK shares out of its investment holdings by June 30, 2026.
The filing records a completed second-quarter exchange of UMC's exchangeable bonds into NOVATEK common shares held by UMC, reducing exchangeable debt and disposing of the related investment by
As a Form 6-K, it furnishes material interim information from the foreign private issuer; here, the disclosed transaction changes both the debt balance and UMC's investment holdings rather than describing a future proposal.
Exchangeable bonds payable was
UMC also reports acquiring treasury stock for
The next reporting change to monitor is IFRS 18: UMC is still evaluating its impact, while the filing states that Taiwan public companies are expected to adopt it beginning with fiscal year 2028.
Key Figures
Key Terms
investments accounted for under the equity method financial
financial assets at fair value through other comprehensive income financial
right-of-use assets financial
Standard on Review Engagements 2410 regulatory
earnings per share-basic financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
July 29, 2026
(Commission File Number: 001-15128)
United Microelectronics Corporation
(Translation of registrant’s name into English)
No. 3 Li-Hsin 2nd Road,
Hsinchu Science Park,
Hsinchu, Taiwan, R.O.C.
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
United Microelectronics Corporation |
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By: |
Chitung Liu |
Name: |
Chitung Liu |
Title: |
CFO |
Date: July 29, 2026
2
EXHIBIT INDEX
Exhibit |
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Description |
99.1 |
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2026Q2ConsolidatedFinancialStatements |
3
UNITED MICROELECTRONICS CORPORATION
AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
WITH REPORT OF INDEPENDENT AUDITORS
FOR THE SIX-MONTH PERIODS ENDED
JUNE 30, 2026 AND 2025
Address: No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, Taiwan, R.O.C.
Telephone: 886-3-578-2258
The reader is advised that these consolidated financial statements have been prepared originally in Chinese. In the event of a conflict between these financial statements and the original Chinese version or difference in interpretation between the two versions, the Chinese language financial statements shall prevail.
1
Review Report of Independent Auditors
To United Microelectronics Corporation
Introduction
We have reviewed the accompanying consolidated balance sheets of United Microelectronics Corporation and its subsidiaries (collectively, “the Company”) as of June 30, 2026 and 2025, the related consolidated statements of comprehensive income for the three-month and six-month periods ended June 30, 2026 and 2025 and consolidated statements of changes in equity and cash flows for the six-month periods ended June 30, 2026 and 2025, and notes to the consolidated financial statements, including the summary of material accounting policies (together “the consolidated financial statements”). Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” as endorsed and became effective by Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on these consolidated financial statements based on our reviews.
Scope of Review
We conducted our reviews in accordance with the Standard on Review Engagements 2410, “Review of Financial Information Performed by the Independent Auditor of the Entity” of the Republic of China. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing of the Republic of China and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our reviews and the review reports of other independent auditors (please refer to the Other Matter paragraph of our report), nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Company as of June 30, 2026 and 2025, and its consolidated financial performance for the three-month and six-month periods ended June 30, 2026 and 2025, and its consolidated cash flows for the six-month periods ended June 30, 2026 and 2025, in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, “Interim Financial Reporting” as endorsed and became effective by Financial Supervisory Commission of the Republic of China.
2
Other Matter – Making Reference to the Reviews of Other Independent Auditors
We did not review the financial statement of certain associates and joint ventures accounted for under the equity method. Our review, insofar as it related to the investments accounted for under the equity method balances of NT$52,813 million and NT$26,094 million, which represented 7.93% and 4.76% of the total consolidated assets as of June 30, 2026 and 2025, respectively, the related shares of profit or loss from the associates and joint ventures in the amount of NT$21,273 million, NT$176 million, NT$23,560 million and NT$(83) million, which represented 47.08%, 1.73%, 38.10% and (0.42)% of the consolidated income from continuing operations before income tax for the three-month and six-month periods ended June 30, 2026 and 2025, respectively, and the related shares of other comprehensive income (loss) from the associates and joint ventures in the amount of NT$526 million, NT$(698) million, NT$755 million and NT$(627) million, which represented 0.72%, 3.83%, 0.76% and 10.46% of the consolidated total comprehensive income (loss) for the three-month and six-month periods ended June 30, 2026 and 2025, respectively, are based solely on the reports of other independent auditors.
/s/ Yang, Yu-Ni
/s/ Yu, Chien-Ju
Ernst & Young, Taiwan
July 29, 2026
Notice to Readers
The accompanying consolidated financial statements are intended only to present the consolidated financial position, results of operations and cash flows in accordance with accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to review such consolidated financial statements are those generally accepted and applied in the Republic of China.
Accordingly, the accompanying consolidated financial statements and report of independent auditors are not intended for use by those who are not informed about the accounting principles or Standards on Auditing of the Republic of China, and their applications in practice.
3
English Translation of Consolidated Financial Statements Originally Issued in Chinese |
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UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES |
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|||||||||||
CONSOLIDATED BALANCE SHEETS |
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|||||||||||
June 30, 2026, December 31, 2025 and June 30, 2025 |
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|||||||||||
(Expressed in Thousands of New Taiwan Dollars) |
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|||||||||||
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|
|||||||||||
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As of |
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|||||||
Assets |
|
Notes |
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
|
|||
Current assets |
|
|
|
|
|
|
|
|
|
|||
Cash and cash equivalents |
|
4, 6(1) |
|
$ |
124,706,465 |
|
$ |
110,660,052 |
|
$ |
111,993,768 |
|
Financial assets at fair value through profit or loss, current |
|
4, 5, 6(2) |
|
|
549,520 |
|
|
568,521 |
|
|
564,689 |
|
Financial assets at fair value through other comprehensive income, current |
|
4, 5, 6(3) |
|
|
- |
|
|
4,630,441 |
|
|
6,398,188 |
|
Financial assets measured at amortized cost, current |
|
4, 6(4) |
|
|
22,135,867 |
|
|
12,506,177 |
|
|
4,689,449 |
|
Contract assets, current |
|
4, 6(21) |
|
|
544,600 |
|
|
705,398 |
|
|
370,822 |
|
Accounts receivable, net |
|
4, 6(5) |
|
|
37,380,871 |
|
|
30,772,159 |
|
|
31,740,103 |
|
Accounts receivable-related parties, net |
|
4, 7 |
|
|
1,267,483 |
|
|
502,149 |
|
|
639,655 |
|
Other receivables |
|
4, 7 |
|
|
1,706,836 |
|
|
2,457,085 |
|
|
1,557,035 |
|
Current tax assets |
|
4 |
|
|
56,156 |
|
|
66,443 |
|
|
37,219 |
|
Inventories, net |
|
4, 5, 6(6) |
|
|
37,916,610 |
|
|
37,228,383 |
|
|
34,018,188 |
|
Prepayments |
|
|
|
|
3,082,987 |
|
|
3,496,213 |
|
|
2,267,623 |
|
Other current assets |
|
6(21) |
|
|
912,394 |
|
|
1,190,237 |
|
|
898,149 |
|
Total current assets |
|
|
|
|
230,259,789 |
|
|
204,783,258 |
|
|
195,174,888 |
|
|
|
|
|
|
|
|
|
|
|
|||
Non-current assets |
|
|
|
|
|
|
|
|
|
|||
Financial assets at fair value through profit or loss, noncurrent |
|
4, 5, 6(2) |
|
|
27,122,601 |
|
|
17,585,395 |
|
|
16,754,254 |
|
Financial assets at fair value through other comprehensive income, noncurrent |
|
4, 5, 6(3) |
|
|
23,249,916 |
|
|
9,144,308 |
|
|
10,516,340 |
|
Financial assets measured at amortized cost, noncurrent |
|
4, 6(4) |
|
|
- |
|
|
- |
|
|
9,094 |
|
Investments accounted for under the equity method |
|
4, 6(7), 7 |
|
|
96,474,468 |
|
|
48,642,917 |
|
|
41,692,046 |
|
Property, plant and equipment |
|
4, 6(8), 8 |
|
|
259,212,411 |
|
|
271,395,296 |
|
|
258,627,335 |
|
Right-of-use assets |
|
4, 6(9), 8 |
|
|
7,463,358 |
|
|
7,476,034 |
|
|
7,290,883 |
|
Intangible assets |
|
4, 6(10), 7 |
|
|
4,567,572 |
|
|
4,742,876 |
|
|
3,761,954 |
|
Deferred tax assets |
|
4 |
|
|
9,971,653 |
|
|
8,522,637 |
|
|
5,348,605 |
|
Prepayment for equipment |
|
|
|
|
2,421,310 |
|
|
1,162,218 |
|
|
2,921,450 |
|
Refundable deposits |
|
8 |
|
|
1,683,944 |
|
|
1,643,661 |
|
|
1,660,450 |
|
Other noncurrent assets-others |
|
6(21) |
|
|
3,545,861 |
|
|
3,897,409 |
|
|
4,386,267 |
|
Total non-current assets |
|
|
|
|
435,713,094 |
|
|
374,212,751 |
|
|
352,968,678 |
|
|
|
|
|
|
|
|
|
|
|
|||
Total assets |
|
|
|
$ |
665,972,883 |
|
$ |
578,996,009 |
|
$ |
548,143,566 |
|
|
|
|
|
|
|
|
|
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|
|||
(continued) |
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4
English Translation of Consolidated Financial Statements Originally Issued in Chinese |
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UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES |
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CONSOLIDATED BALANCE SHEETS |
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|||||||||||
June 30, 2026, December 31, 2025 and June 30, 2025 |
|
|||||||||||
(Expressed in Thousands of New Taiwan Dollars) |
|
|||||||||||
|
|
|||||||||||
|
|
|
|
As of |
|
|||||||
Liabilities and Equity |
|
Notes |
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
|
|||
Current liabilities |
|
|
|
|
|
|
|
|
|
|||
Short-term loans |
|
6(11), 6(28) |
|
$ |
2,806,983 |
|
$ |
8,408,772 |
|
$ |
6,524,000 |
|
Financial liabilities at fair value through profit or loss, current |
|
4, 6(12) |
|
|
12,801 |
|
|
57,163 |
|
|
1,082,329 |
|
Contract liabilities, current |
|
4, 6(21) |
|
|
4,446,566 |
|
|
2,580,789 |
|
|
2,551,289 |
|
Accounts payable |
|
|
|
|
9,056,030 |
|
|
9,169,828 |
|
|
8,538,152 |
|
Other payables |
|
4, 6(20), 6(22), 7 |
|
|
26,528,512 |
|
|
24,447,427 |
|
|
23,014,935 |
|
Payables on equipment |
|
|
|
|
7,159,251 |
|
|
11,680,298 |
|
|
8,351,107 |
|
Dividends payable |
|
6(19) |
|
|
32,704,164 |
|
|
- |
|
|
35,787,598 |
|
Current tax liabilities |
|
4 |
|
|
5,216,199 |
|
|
3,582,275 |
|
|
3,130,838 |
|
Lease liabilities, current |
|
4, 6(9), 6(28) |
|
|
640,690 |
|
|
624,825 |
|
|
609,840 |
|
Current portion of long-term liabilities |
|
4, 6(13), 6(14), 6(28) |
|
|
9,159,945 |
|
|
19,188,041 |
|
|
14,778,336 |
|
Other current liabilities |
|
4, 6(16), 6(17), 6(18), 6(28) |
|
|
8,574,561 |
|
|
7,858,719 |
|
|
6,024,290 |
|
Total current liabilities |
|
|
|
|
106,305,702 |
|
|
87,598,137 |
|
|
110,392,714 |
|
|
|
|
|
|
|
|
|
|
|
|||
Non-current liabilities |
|
|
|
|
|
|
|
|
|
|||
Contract liabilities, noncurrent |
|
4, 6(21) |
|
|
1,767,326 |
|
|
1,787,375 |
|
|
456,364 |
|
Bonds payable |
|
4, 6(13), 6(28) |
|
|
34,075,713 |
|
|
34,071,144 |
|
|
24,282,645 |
|
Long-term loans |
|
6(14), 6(28) |
|
|
11,489,924 |
|
|
11,300,910 |
|
|
17,317,505 |
|
Deferred tax liabilities |
|
4 |
|
|
13,498,249 |
|
|
11,922,365 |
|
|
7,564,104 |
|
Lease liabilities, noncurrent |
|
4, 6(9), 6(28) |
|
|
5,276,626 |
|
|
5,376,021 |
|
|
5,381,790 |
|
Net defined benefit liabilities, noncurrent |
|
4 |
|
|
833,593 |
|
|
866,219 |
|
|
1,038,286 |
|
Guarantee deposits |
|
6(28) |
|
|
40,045,045 |
|
|
39,805,928 |
|
|
39,138,645 |
|
Other noncurrent liabilities-others |
|
4, 6(16), 6(18) |
|
|
8,756,405 |
|
|
6,412,470 |
|
|
5,526,007 |
|
Total non-current liabilities |
|
|
|
|
115,742,881 |
|
|
111,542,432 |
|
|
100,705,346 |
|
|
|
|
|
|
|
|
|
|
|
|||
Total liabilities |
|
|
|
|
222,048,583 |
|
|
199,140,569 |
|
|
211,098,060 |
|
|
|
|
|
|
|
|
|
|
|
|||
Equity attributable to the parent company |
|
|
|
|
|
|
|
|
|
|||
Capital |
|
4, 6(19) |
|
|
|
|
|
|
|
|||
Common stock |
|
|
|
|
125,769,849 |
|
|
125,881,563 |
|
|
125,565,077 |
|
Additional paid-in capital |
|
4, 6(19), 6(20) |
|
|
|
|
|
|
|
|||
Premiums |
|
|
|
|
5,200,426 |
|
|
5,200,426 |
|
|
4,977,376 |
|
Treasury stock transactions |
|
|
|
|
4,531,955 |
|
|
4,531,955 |
|
|
4,531,955 |
|
The differences between the fair value of the consideration paid or received from acquiring or |
|
|
|
|
3,039,275 |
|
|
3,039,275 |
|
|
3,039,275 |
|
Recognition of changes in subsidiaries’ ownership |
|
|
|
|
46,067 |
|
|
23,954 |
|
|
28,528 |
|
Share of changes in net assets of associates and joint ventures accounted for using equity method |
|
|
|
|
967,611 |
|
|
612,905 |
|
|
539,017 |
|
Restricted stock for employees |
|
|
|
|
2,062,507 |
|
|
1,977,084 |
|
|
1,885,961 |
|
Other |
|
|
|
|
23,478 |
|
|
24,001 |
|
|
20,551 |
|
Retained earnings |
|
6(19) |
|
|
|
|
|
|
|
|||
Legal reserve |
|
|
|
|
45,648,306 |
|
|
41,466,099 |
|
|
41,466,099 |
|
Unappropriated earnings |
|
|
|
|
217,116,554 |
|
|
191,416,874 |
|
|
166,264,200 |
|
Other components of equity |
|
4, 6(20) |
|
|
|
|
|
|
|
|||
Exchange differences on translation of foreign operations |
|
|
|
|
155,245 |
|
|
(4,726,963 |
) |
|
(21,233,142 |
) |
Unrealized gains or losses on financial assets measured at fair value through other comprehensive income |
|
|
|
|
44,078,837 |
|
|
12,443,737 |
|
|
11,339,696 |
|
Unearned employee compensation |
|
|
|
|
(1,624,195 |
) |
|
(2,122,645 |
) |
|
(1,553,094 |
) |
Treasury stock |
|
4, 6(19) |
|
|
(3,095,666 |
) |
|
- |
|
|
- |
|
Total equity attributable to the parent company |
|
|
|
|
443,920,249 |
|
|
379,768,265 |
|
|
336,871,499 |
|
|
|
|
|
|
|
|
|
|
|
|||
Non-controlling interests |
|
6(19) |
|
|
4,051 |
|
|
87,175 |
|
|
174,007 |
|
Total equity |
|
|
|
|
443,924,300 |
|
|
379,855,440 |
|
|
337,045,506 |
|
|
|
|
|
|
|
|
|
|
|
|||
Total liabilities and equity |
|
|
|
$ |
665,972,883 |
|
$ |
578,996,009 |
|
$ |
548,143,566 |
|
|
|
|
|
|
|
|
|
|
|
|||
The accompanying notes are an integral part of the consolidated financial statements. |
|
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5
English Translation of Consolidated Financial Statements Originally Issued in Chinese |
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UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES |
|
|||||||||||||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME |
|
|||||||||||||
For the three-month and six-month periods ended June 30, 2026 and 2025 |
|
|||||||||||||
(Expressed in Thousands of New Taiwan Dollars, Except for Earnings per Share) |
|
|||||||||||||
|
|
|||||||||||||
|
|
|
For the three-month periods ended June 30, |
|
For the six-month periods ended June 30, |
|
||||||||
|
Notes |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
|
||||
Operating revenues |
4, 6(21), 7 |
|
$ |
68,732,662 |
|
$ |
58,757,657 |
|
$ |
129,770,564 |
|
$ |
116,616,614 |
|
Operating costs |
4, 6(6), 6(10), 6(15), |
|
|
(46,409,872 |
) |
|
(41,879,559 |
) |
|
(89,629,284 |
) |
|
(84,291,871 |
) |
Gross profit |
|
|
|
22,322,790 |
|
|
16,878,098 |
|
|
40,141,280 |
|
|
32,324,743 |
|
Operating expenses |
4, 6(5), 6(10), 6(15), 6(20), 6(22), 7 |
|
|
|
|
|
|
|
|
|
||||
Sales and marketing expenses |
|
|
|
(732,690 |
) |
|
(591,217 |
) |
|
(1,421,940 |
) |
|
(1,210,453 |
) |
General and administrative expenses |
|
|
|
(2,425,623 |
) |
|
(1,682,371 |
) |
|
(4,259,758 |
) |
|
(3,224,802 |
) |
Research and development expenses |
|
|
|
(4,747,201 |
) |
|
(4,193,679 |
) |
|
(9,322,501 |
) |
|
(8,157,382 |
) |
Expected credit impairment gains (losses) |
|
|
|
0 |
|
|
(2 |
) |
|
45 |
|
|
2,404 |
|
Subtotal |
|
|
|
(7,905,514 |
) |
|
(6,467,269 |
) |
|
(15,004,154 |
) |
|
(12,590,233 |
) |
Net other operating income and expenses |
4, 6(16), 6(23) |
|
|
532,714 |
|
|
408,883 |
|
|
1,089,275 |
|
|
871,103 |
|
Operating income |
|
|
|
14,949,990 |
|
|
10,819,712 |
|
|
26,226,401 |
|
|
20,605,613 |
|
Non-operating income and expenses |
|
|
|
|
|
|
|
|
|
|
||||
Interest income |
4 |
|
|
544,041 |
|
|
632,900 |
|
|
986,276 |
|
|
1,238,214 |
|
Other income |
4 |
|
|
391,285 |
|
|
417,100 |
|
|
448,747 |
|
|
428,614 |
|
Other gains and losses |
4, 6(24) |
|
|
6,054,359 |
|
|
(521,745 |
) |
|
8,168,621 |
|
|
(1,086,467 |
) |
Finance costs |
6(24) |
|
|
(362,161 |
) |
|
(360,355 |
) |
|
(726,522 |
) |
|
(759,328 |
) |
Share of profit or loss of associates and joint ventures |
4, 6(7) |
|
|
23,605,970 |
|
|
446,242 |
|
|
26,421,106 |
|
|
238,354 |
|
Exchange gain, net |
4 |
|
|
2,637 |
|
|
- |
|
|
305,322 |
|
|
- |
|
Exchange loss, net |
4 |
|
|
- |
|
|
(1,279,876 |
) |
|
- |
|
|
(1,164,451 |
) |
Subtotal |
|
|
|
30,236,131 |
|
|
(665,734 |
) |
|
35,603,550 |
|
|
(1,105,064 |
) |
Income from continuing operations before income tax |
|
|
|
45,186,121 |
|
|
10,153,978 |
|
|
61,829,951 |
|
|
19,500,549 |
|
Income tax expense |
4, 6(26) |
|
|
(2,962,306 |
) |
|
(1,305,996 |
) |
|
(3,489,152 |
) |
|
(2,909,328 |
) |
Net income |
|
|
|
42,223,815 |
|
|
8,847,982 |
|
|
58,340,799 |
|
|
16,591,221 |
|
Other comprehensive income (loss) |
6(25) |
|
|
|
|
|
|
|
|
|
||||
Items that will not be reclassified subsequently to profit or loss |
|
|
|
|
|
|
|
|
|
|
||||
Unrealized gains or losses from equity instruments investments measured at |
4 |
|
|
13,802,024 |
|
|
(717,535 |
) |
|
15,493,369 |
|
|
(134,140 |
) |
Share of other comprehensive income (loss) of associates and joint ventures |
|
|
|
17,290,058 |
|
|
(19,595 |
) |
|
20,893,367 |
|
|
(577,819 |
) |
Income tax related to items that will not be reclassified subsequently |
4, 6(26) |
|
|
(458,282 |
) |
|
58,734 |
|
|
(597,021 |
) |
|
56,281 |
|
Items that may be reclassified subsequently to profit or loss |
|
|
|
|
|
|
|
|
|
|
||||
Exchange differences on translation of foreign operations |
|
|
|
(175,249 |
) |
|
(26,236,576 |
) |
|
5,071,396 |
|
|
(21,539,923 |
) |
Share of other comprehensive income (loss) of associates and joint ventures |
|
|
|
9,838 |
|
|
(776,974 |
) |
|
135,199 |
|
|
(673,238 |
) |
Income tax related to items that may be reclassified subsequently |
4, 6(26) |
|
|
(1,441 |
) |
|
617,025 |
|
|
(324,322 |
) |
|
283,031 |
|
Total other comprehensive income (loss) |
|
|
|
30,466,948 |
|
|
(27,074,921 |
) |
|
40,671,988 |
|
|
(22,585,808 |
) |
Total comprehensive income (loss) |
|
|
$ |
72,690,763 |
|
$ |
(18,226,939 |
) |
$ |
99,012,787 |
|
$ |
(5,994,587 |
) |
|
|
|
|
|
|
|
|
|
|
|
||||
Net income (loss) attributable to: |
|
|
|
|
|
|
|
|
|
|
||||
Shareholders of the parent |
|
|
$ |
42,259,962 |
|
$ |
8,902,530 |
|
$ |
58,431,436 |
|
$ |
16,679,271 |
|
Non-controlling interests |
|
|
|
(36,147 |
) |
|
(54,548 |
) |
|
(90,637 |
) |
|
(88,050 |
) |
|
|
|
$ |
42,223,815 |
|
$ |
8,847,982 |
|
$ |
58,340,799 |
|
$ |
16,591,221 |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Comprehensive income (loss) attributable to: |
|
|
|
|
|
|
|
|
|
|
||||
Shareholders of the parent |
|
|
$ |
72,726,899 |
|
$ |
(18,172,159 |
) |
$ |
99,103,359 |
|
$ |
(5,906,334 |
) |
Non-controlling interests |
|
|
|
(36,136 |
) |
|
(54,780 |
) |
|
(90,572 |
) |
|
(88,253 |
) |
|
|
|
$ |
72,690,763 |
|
$ |
(18,226,939 |
) |
$ |
99,012,787 |
|
$ |
(5,994,587 |
) |
|
|
|
|
|
|
|
|
|
|
|
||||
Earnings per share (NTD) |
4, 6(27) |
|
|
|
|
|
|
|
|
|
||||
Earnings per share-basic |
|
|
$ |
3.39 |
|
$ |
0.71 |
|
$ |
4.68 |
|
$ |
1.34 |
|
Earnings per share-diluted |
|
|
$ |
3.37 |
|
$ |
0.71 |
|
$ |
4.65 |
|
$ |
1.33 |
|
|
|
|
|
|
|
|
|
|
|
|
||||
The accompanying notes are an integral part of the consolidated financial statements. |
|
|||||||||||||
6
English Translation of Consolidated Financial Statements Originally Issued in Chinese |
|
|||||||||||||||||||||||||||||||||||
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES |
|
|||||||||||||||||||||||||||||||||||
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY |
|
|||||||||||||||||||||||||||||||||||
For the six-month periods ended June 30, 2026 and 2025 |
|
|||||||||||||||||||||||||||||||||||
(Expressed in Thousands of New Taiwan Dollars) |
|
|||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
|
|
Equity Attributable to the Parent Company |
|
|
|
|
|
|||||||||||||||||||||||||||
|
|
|
|
Capital |
|
|
|
Retained Earnings |
|
Other Components of Equity |
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
|
Notes |
|
Common Stock |
|
Additional |
|
Legal Reserve |
|
Unappropriated |
|
Exchange Differences on Translation of Foreign Operations |
|
Unrealized |
|
Unearned Employee Compensation |
|
Treasury Stock |
|
Total |
|
Non- |
|
Total Equity |
|
|||||||||||
Balance as of January 1, 2025 |
|
6(19) |
|
$ |
125,607,164 |
|
$ |
14,782,476 |
|
$ |
36,727,862 |
|
$ |
190,120,643 |
|
$ |
696,785 |
|
$ |
11,985,495 |
|
$ |
(1,992,034 |
) |
$ |
- |
|
$ |
377,928,391 |
|
$ |
256,613 |
|
$ |
378,185,004 |
|
Appropriation and distribution of 2024 retained earnings |
|
6(19) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Legal reserve |
|
|
|
|
- |
|
|
- |
|
|
4,738,237 |
|
|
(4,738,237 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Cash dividends |
|
|
|
|
- |
|
|
- |
|
|
- |
|
|
(35,787,598 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(35,787,598 |
) |
|
- |
|
|
(35,787,598 |
) |
Net income (loss) in the first half of 2025 |
|
6(19) |
|
|
- |
|
|
- |
|
|
- |
|
|
16,679,271 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
16,679,271 |
|
|
(88,050 |
) |
|
16,591,221 |
|
Other comprehensive income (loss) in the first half of 2025 |
|
6(19), 6(25) |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(21,929,927 |
) |
|
(655,678 |
) |
|
- |
|
|
- |
|
|
(22,585,605 |
) |
|
(203 |
) |
|
(22,585,808 |
) |
Total comprehensive income (loss) |
|
|
|
|
- |
|
|
- |
|
|
- |
|
|
16,679,271 |
|
|
(21,929,927 |
) |
|
(655,678 |
) |
|
- |
|
|
- |
|
|
(5,906,334 |
) |
|
(88,253 |
) |
|
(5,994,587 |
) |
Share-based payment transaction |
|
4, 6(19), 6(20) |
|
|
(42,087 |
) |
|
25,014 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
438,940 |
|
|
- |
|
|
421,867 |
|
|
998 |
|
|
422,865 |
|
Share of changes in net assets of associates and joint ventures accounted for |
|
|
|
|
- |
|
|
210,338 |
|
|
- |
|
|
(9,879 |
) |
|
- |
|
|
9,879 |
|
|
- |
|
|
- |
|
|
210,338 |
|
|
- |
|
|
210,338 |
|
Changes in subsidiaries’ ownership |
|
4, 6(19) |
|
|
- |
|
|
5,142 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
5,142 |
|
|
(1,262 |
) |
|
3,880 |
|
Non-Controlling Interests |
|
6(19) |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
5,911 |
|
|
5,911 |
|
Others |
|
|
|
|
- |
|
|
(307 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(307 |
) |
|
- |
|
|
(307 |
) |
Balance as of June 30, 2025 |
|
6(19) |
|
$ |
125,565,077 |
|
$ |
15,022,663 |
|
$ |
41,466,099 |
|
$ |
166,264,200 |
|
$ |
(21,233,142 |
) |
$ |
11,339,696 |
|
$ |
(1,553,094 |
) |
$ |
- |
|
$ |
336,871,499 |
|
$ |
174,007 |
|
$ |
337,045,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Balance as of January 1, 2026 |
|
6(19) |
|
$ |
125,881,563 |
|
$ |
15,409,600 |
|
$ |
41,466,099 |
|
$ |
191,416,874 |
|
$ |
(4,726,963 |
) |
$ |
12,443,737 |
|
$ |
(2,122,645 |
) |
$ |
- |
|
$ |
379,768,265 |
|
$ |
87,175 |
|
$ |
379,855,440 |
|
Appropriation and distribution of 2025 retained earnings |
|
6(19) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Legal reserve |
|
|
|
|
- |
|
|
- |
|
|
4,182,207 |
|
|
(4,182,207 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Cash dividends |
|
|
|
|
- |
|
|
- |
|
|
- |
|
|
(32,704,164 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(32,704,164 |
) |
|
- |
|
|
(32,704,164 |
) |
Net income (loss) in the first half of 2026 |
|
6(19) |
|
|
- |
|
|
- |
|
|
- |
|
|
58,431,436 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
58,431,436 |
|
|
(90,637 |
) |
|
58,340,799 |
|
Other comprehensive income (loss) in the first half of 2026 |
|
6(19), 6(25) |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
4,882,208 |
|
|
35,789,715 |
|
|
- |
|
|
- |
|
|
40,671,923 |
|
|
65 |
|
|
40,671,988 |
|
Total comprehensive income (loss) |
|
|
|
|
- |
|
|
- |
|
|
- |
|
|
58,431,436 |
|
|
4,882,208 |
|
|
35,789,715 |
|
|
- |
|
|
- |
|
|
99,103,359 |
|
|
(90,572 |
) |
|
99,012,787 |
|
Share-based payment transaction |
|
4, 6(19), 6(20) |
|
|
(111,714 |
) |
|
85,149 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
498,450 |
|
|
- |
|
|
471,885 |
|
|
682 |
|
|
472,567 |
|
Treasury stock acquired |
|
6(19) |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(3,095,666 |
) |
|
(3,095,666 |
) |
|
- |
|
|
(3,095,666 |
) |
Share of changes in net assets of associates and joint ventures accounted for |
|
|
|
|
- |
|
|
354,706 |
|
|
- |
|
|
12,611 |
|
|
- |
|
|
(12,611 |
) |
|
- |
|
|
- |
|
|
354,706 |
|
|
- |
|
|
354,706 |
|
Changes in subsidiaries’ ownership |
|
4, 6(19) |
|
|
- |
|
|
22,387 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
22,387 |
|
|
(19,952 |
) |
|
2,435 |
|
Disposal of equity instruments investments measured at fair value through other |
|
4, 6(3) |
|
|
- |
|
|
- |
|
|
- |
|
|
4,142,004 |
|
|
- |
|
|
(4,142,004 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Non-Controlling Interests |
|
6(19) |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
26,718 |
|
|
26,718 |
|
Others |
|
|
|
|
- |
|
|
(523 |
) |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(523 |
) |
|
- |
|
|
(523 |
) |
Balance as of June 30, 2026 |
|
6(19) |
|
$ |
125,769,849 |
|
$ |
15,871,319 |
|
$ |
45,648,306 |
|
$ |
217,116,554 |
|
$ |
155,245 |
|
$ |
44,078,837 |
|
$ |
(1,624,195 |
) |
$ |
(3,095,666 |
) |
$ |
443,920,249 |
|
$ |
4,051 |
|
$ |
443,924,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
The accompanying notes are an integral part of the consolidated financial statements. |
|
|||||||||||||||||||||||||||||||||||
7
English Translation of Consolidated Financial Statements Originally Issued in Chinese |
|
||||||
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES |
|
||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS |
|
||||||
For the six-month periods ended June 30, 2026 and 2025 |
|
||||||
(Expressed in Thousands of New Taiwan Dollars) |
|
||||||
|
|
||||||
|
|
For the six-month periods ended June 30, |
|
||||
|
|
2026 |
|
2025 |
|
||
Cash flows from operating activities: |
|
|
|
|
|
||
Net income before tax |
|
$ |
61,829,951 |
|
$ |
19,500,549 |
|
Adjustments to reconcile net income before tax to net cash provided by operating activities: |
|
|
|
|
|
||
Depreciation |
|
|
30,813,547 |
|
|
27,227,474 |
|
Amortization |
|
|
1,411,485 |
|
|
1,406,668 |
|
Expected credit impairment gains |
|
|
(45 |
) |
|
(2,404 |
) |
Net loss (gain) of financial assets and liabilities at fair value through profit or loss |
|
|
(8,193,073 |
) |
|
1,084,467 |
|
Interest expense |
|
|
680,561 |
|
|
710,328 |
|
Interest income |
|
|
(986,276 |
) |
|
(1,238,214 |
) |
Dividend income |
|
|
(423,688 |
) |
|
(404,428 |
) |
Share-based payment |
|
|
475,002 |
|
|
427,219 |
|
Share of profit of associates and joint ventures |
|
|
(26,421,106 |
) |
|
(238,354 |
) |
Gain on disposal of property, plant and equipment |
|
|
(36,708 |
) |
|
(24,331 |
) |
Loss (gain) on disposal of investments accounted for under the equity method |
|
|
(3,496 |
) |
|
1,994 |
|
Exchange loss (gain) on financial assets and liabilities |
|
|
259,438 |
|
|
(2,134,633 |
) |
Gain on lease modification |
|
|
(1,445 |
) |
|
- |
|
Amortization of deferred government grants |
|
|
(968,256 |
) |
|
(726,309 |
) |
Others |
|
|
13,174 |
|
|
- |
|
Income and expense adjustments |
|
|
(3,380,886 |
) |
|
26,089,477 |
|
Changes in operating assets and liabilities: |
|
|
|
|
|
||
Financial assets and liabilities at fair value through profit or loss |
|
|
64,980 |
|
|
(45,188 |
) |
Contract assets |
|
|
165,368 |
|
|
247,876 |
|
Accounts receivable |
|
|
(7,151,154 |
) |
|
(77,444 |
) |
Other receivables |
|
|
412,193 |
|
|
363,191 |
|
Inventories |
|
|
(414,447 |
) |
|
542,670 |
|
Prepayments |
|
|
786,288 |
|
|
249,102 |
|
Other current assets |
|
|
(31,275 |
) |
|
(5,852 |
) |
Contract fulfillment costs |
|
|
323,774 |
|
|
(333,444 |
) |
Contract liabilities |
|
|
1,789,829 |
|
|
586,325 |
|
Accounts payable |
|
|
(177,478 |
) |
|
1,231,016 |
|
Other payables |
|
|
2,035,666 |
|
|
(328,113 |
) |
Other current liabilities |
|
|
445,441 |
|
|
(54,124 |
) |
Net defined benefit liabilities |
|
|
(32,626 |
) |
|
(393,963 |
) |
Other noncurrent liabilities-others |
|
|
7,504 |
|
|
5,941 |
|
Cash generated from operations |
|
|
56,673,128 |
|
|
47,578,019 |
|
Interest received |
|
|
981,413 |
|
|
1,233,563 |
|
Dividend received |
|
|
1,050,194 |
|
|
290,309 |
|
Interest paid |
|
|
(389,234 |
) |
|
(458,858 |
) |
Income tax paid |
|
|
(2,636,804 |
) |
|
(2,719,297 |
) |
Net cash provided by operating activities |
|
|
55,678,697 |
|
|
45,923,736 |
|
|
|
|
|
|
|
||
(continued) |
|
||||||
8
English Translation of Consolidated Financial Statements Originally Issued in Chinese |
|
||||||
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES |
|
||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS |
|
||||||
For the six-month periods ended June 30, 2026 and 2025 |
|
||||||
(Expressed in Thousands of New Taiwan Dollars) |
|
||||||
|
|
||||||
|
|
For the six-month periods ended June 30, |
|
||||
|
|
2026 |
|
2025 |
|
||
Cash flows from investing activities: |
|
|
|
|
|
||
Acquisition of financial assets at fair value through profit or loss |
|
$ |
(743,486 |
) |
$ |
(371,476 |
) |
Proceeds from disposal of financial assets at fair value through profit or loss |
|
|
202,930 |
|
|
111,897 |
|
Proceeds from capital reduction of financial assets at fair value through other comprehensive income |
|
|
- |
|
|
160,659 |
|
Acquisition of financial assets measured at amortized cost |
|
|
(20,949,294 |
) |
|
(4,435,136 |
) |
Proceeds from redemption of financial assets measured at amortized cost |
|
|
11,910,619 |
|
|
3,289,725 |
|
Acquisition of investments accounted for under the equity method |
|
|
(653,299 |
) |
|
- |
|
Increase in prepayment for investments |
|
|
(6,060 |
) |
|
- |
|
Proceeds from capital reduction of investments accounted for under the equity method |
|
|
374,842 |
|
|
574,997 |
|
Acquisition of property, plant and equipment |
|
|
(21,348,637 |
) |
|
(21,695,646 |
) |
Proceeds from disposal of property, plant and equipment |
|
|
74,045 |
|
|
50,032 |
|
Increase in refundable deposits |
|
|
(66,060 |
) |
|
(11,909 |
) |
Decrease in refundable deposits |
|
|
28,242 |
|
|
51,482 |
|
Acquisition of intangible assets |
|
|
(1,339,043 |
) |
|
(1,373,894 |
) |
Government grants related to assets acquisition |
|
|
3,781,133 |
|
|
3,722,471 |
|
Increase in other noncurrent assets-others |
|
|
(40,742 |
) |
|
(16,700 |
) |
Decrease in other noncurrent assets-others |
|
|
- |
|
|
37 |
|
Net cash used in investing activities |
|
|
(28,774,810 |
) |
|
(19,943,461 |
) |
Cash flows from financing activities: |
|
|
|
|
|
||
Increase in short-term loans |
|
|
3,942,309 |
|
|
6,454,000 |
|
Decrease in short-term loans |
|
|
(9,544,469 |
) |
|
(8,445,000 |
) |
Proceeds from bonds issued |
|
|
- |
|
|
5,200,000 |
|
Bonds issuance costs |
|
|
(5,410 |
) |
|
- |
|
Redemption of bonds |
|
|
(5,500,000 |
) |
|
- |
|
Proceeds from long-term loans |
|
|
5,129,660 |
|
|
2,800,000 |
|
Repayments of long-term loans |
|
|
(4,461,069 |
) |
|
(17,593,750 |
) |
Increase in guarantee deposits |
|
|
93,659 |
|
|
2,292 |
|
Decrease in guarantee deposits |
|
|
(603,807 |
) |
|
(640,278 |
) |
Cash payments for the principal portion of the lease liability |
|
|
(420,478 |
) |
|
(410,117 |
) |
Treasury stock acquired |
|
|
(3,095,666 |
) |
|
- |
|
Change in non-controlling interests |
|
|
26,718 |
|
|
5,911 |
|
Others |
|
|
(699 |
) |
|
(373 |
) |
Net cash used in financing activities |
|
|
(14,439,252 |
) |
|
(12,627,315 |
) |
Effect of exchange rate changes on cash and cash equivalents |
|
|
1,581,778 |
|
|
(6,359,418 |
) |
Net increase in cash and cash equivalents |
|
|
14,046,413 |
|
|
6,993,542 |
|
Cash and cash equivalents at beginning of period |
|
|
110,660,052 |
|
|
105,000,226 |
|
Cash and cash equivalents at end of period |
|
$ |
124,706,465 |
|
$ |
111,993,768 |
|
|
|
|
|
|
|
||
The accompanying notes are an integral part of the consolidated financial statements. |
|
||||||
9
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
For the Six-Month Periods Ended June 30, 2026 and 2025
(Expressed in Thousands of New Taiwan Dollars unless Otherwise Specified)
United Microelectronics Corporation (UMC) was incorporated in Republic of China (R.O.C.) in May 1980 and commenced operations in April 1982. UMC is a full service semiconductor wafer foundry, and provides a variety of services to satisfy customer needs. UMC’s ordinary shares were publicly listed on the Taiwan Stock Exchange (TWSE) in July 1985 and its American Depositary Shares (ADSs) were listed on the New York Stock Exchange (NYSE) in September 2000.
The address of its registered office and principal place of business is No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, Taiwan. The principal operating activities of UMC and its subsidiaries (collectively as “the Company”) are described in Notes 4(3) and 14.
The consolidated financial statements of the Company were authorized for issue in accordance with a resolution of the Board of Directors’ meeting on July 29, 2026.
|
|
|
New, Revised or Amended Standards and Interpretations |
|
Effective Date issued by IASB |
IFRS 18 “Presentation and Disclosure in Financial Statements” |
|
January 1, 2027 (Note) |
IFRS 19 “Disclosure Initiative - Subsidiaries without Public Accountability: Disclosures” |
|
January 1, 2027 |
Translation to a Hyperinflationary Presentation Currency (Amendments to IAS 21 and IAS 29) |
|
January 1, 2027 |
Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to IAS 28) |
|
January 1, 2027 |
Note : The FSC issued a press release on September 25, 2025, announcing for public companies to adopt IFRS 18 starting from the fiscal year 2028. In addition, entities in Taiwan with a need for early adoption may elect to early adopt IFRS 18.
10
IFRS 18 “Presentation and Disclosure in Financial Statements” (IFRS 18)
IFRS 18 replaces IAS 1 “Presentation of Financial Statements”. The main changes in the new standard are as below:
IFRS 18 requires entities to classify all income and expenses within their statement of profit or loss into one of five categories: operating; investing; financing; income taxes; and discontinued operations. The first three categories are new, to improve the structure of the income statement, and requires all entities to provide new defined subtotals, including operating profit or loss. The improved structure and new subtotals will give investors a consistent starting point for analyzing entities’ performance and make it easier to compare entities.
IFRS 18 requires entities to disclose explanations of those entity-specific measures that are related to the income statement, referred to as management-defined performance measures.
IFRS 18 sets out enhanced guidance on how to organize information and whether to provide it in the primary financial statements or in the notes. The changes are expected to provide more detailed and useful information. IFRS 18 also requires entities to provide more transparency about operating expenses, helping investors to find and understand the information they need.
The Company is currently evaluating the potential impact of the aforementioned standards and interpretations to the Company’s financial position and performance, and the related impact will be disclosed when the evaluation is completed.
|
|
|
New, Revised or Amended Standards and Interpretations |
|
Effective Date issued by IASB |
IFRS 10 “Consolidated Financial Statements” and IAS 28 “Investments in Associates and Joint Ventures” - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture |
|
To be determined by IASB |
IFRS 20 “Regulatory Assets and Regulatory Liabilities” |
|
January 1, 2029 |
11
The potential effects of adopting the standards or interpretations issued by IASB but not yet endorsed by FSC on the Company’s financial statements in future periods are summarized as below:
Amendments to IFRS 10 “Consolidated Financial Statements” (IFRS 10) and IAS 28 “Investments in Associates and Joint Ventures” (IAS 28) - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
The amendments address the inconsistency between the requirements in IFRS 10 and IAS 28, in dealing with the loss of control of a subsidiary that is contributed to an associate or a joint venture. IAS 28 restricts gains and losses arising from contributions of non-monetary assets to an associate or a joint venture to the extent of the interest attributable to the other equity holders in the associate or joint ventures. IFRS 10 requires full profit or loss recognition on the loss of control of the subsidiary. IAS 28 was amended so that the gain or loss resulting from the sale or contribution of assets that constitute a business as defined in IFRS 3 “Business Combinations” (IFRS 3) between an investor and its associate or joint venture is recognized in full.
IFRS 10 was also amended so that the gain or loss resulting from the sale or contribution of a subsidiary that does not constitute a business as defined in IFRS 3 between an investor and its associate or joint venture is recognized only to the extent of the unrelated investors’ interests in the associate or joint venture.
The Company is currently evaluating the potential impact of the aforementioned standards and interpretations to the Company’s financial position and performance, and the related impact will be disclosed when the evaluation is completed.
The Company’s consolidated financial statements were prepared in accordance with Regulations Governing the Preparation of Financial Reports by Securities Issuers (Regulations), and IAS 34 “Interim Financial Reporting” which is endorsed and become effective by FSC.
The consolidated financial statements have been prepared on a historical cost basis, except for financial instruments measured at fair value.
The same principles of consolidation have been applied in the Company’s consolidated financial statements as those applied in the Company’s consolidated financial statements for the year ended December 31, 2025. For the principles of consolidation, please refer to Note 4(3) of the Company’s consolidated financial statements for the year ended December 31, 2025.
12
|
|
|
|
|
|
Percentage of ownership (%) As of |
||||
Investor |
|
Subsidiary |
|
Business nature |
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
UMC |
|
UMC GROUP (USA) |
|
IC Sales |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
UNITED MICROELECTRONICS (EUROPE) B.V. |
|
Marketing support activities |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
UMC CAPITAL CORP. |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
GREEN EARTH LIMITED (GE) |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
TLC CAPITAL CO., LTD. (TLC) |
|
Venture capital |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
UMC INVESTMENT (SAMOA) LIMITED |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
FORTUNE VENTURE CAPITAL CORP. (FORTUNE) |
|
Consulting and planning for venture capital |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
UMC KOREA CO., LTD. |
|
Marketing support activities |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
OMNI GLOBAL LIMITED (OMNI) |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
SINO PARAGON LIMITED |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
BEST ELITE INTERNATIONAL LIMITED (BE) |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
UMC |
|
UNITED SEMICONDUCTOR JAPAN CO., LTD. |
|
Sales and manufacturing of integrated circuits |
|
100.00 |
|
100.00 |
|
100.00 |
UMC and FORTUNE |
|
WAVETEK MICROELECTRONICS CORPORATION (WAVETEK) |
|
Sales and manufacturing of integrated circuits |
|
78.57 |
|
79.12 |
|
79.48 |
TLC |
|
SOARING CAPITAL CORP. |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
SOARING CAPITAL CORP. |
|
UNITRUTH ADVISOR (SHANGHAI) CO., LTD. |
|
Investment holding and advisory |
|
100.00 |
|
100.00 |
|
100.00 |
GE |
|
UNITED MICROCHIP CORPORATION |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
FORTUNE |
|
TERA ENERGY DEVELOPMENT CO., LTD. (TERA ENERGY) |
|
Energy technical services |
|
95.37 |
|
92.64 |
|
92.64 |
TERA ENERGY |
|
EVERRICH ENERGY INVESTMENT (HK) LIMITED (EVERRICH-HK) |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
13
|
|
|
|
|
|
Percentage of ownership (%) As of |
||||
Investor |
|
Subsidiary |
|
Business nature |
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
TERA ENERGY |
|
MU-ONE ENERGY CO., LTD. |
|
Sales of pollution control equipment |
|
100.00 |
|
- |
|
- |
TERA ENERGY |
|
MU-WELL ENERGY CO., LTD. |
|
Energy technical services |
|
100.00 |
|
- |
|
- |
TERA ENERGY |
|
MU-SUN ENERGY CO., LTD. |
|
Energy technical services |
|
100.00 |
|
- |
|
- |
EVERRICH-HK |
|
EVERRICH (JINING) NEW ENERGY TECHNOLOGY CO., LTD. (formerly EVERRICH (SHANDONG) ENERGY CO., LTD.) |
|
Solar engineering integrated design services |
|
100.00 |
|
100.00 |
|
100.00 |
OMNI |
|
UNITED MICROTECHNOLOGY CORPORATION (CALIFORNIA) |
|
Research and development |
|
100.00 |
|
100.00 |
|
100.00 |
OMNI |
|
ECP VITA PTE. LTD. |
|
Insurance |
|
100.00 |
|
100.00 |
|
100.00 |
WAVETEK |
|
WAVETEK MICROELECTRONICS CORPORATION (USA) |
|
Marketing service |
|
100.00 |
|
100.00 |
|
100.00 |
BE |
|
INFOSHINE TECHNOLOGY LIMITED (INFOSHINE) |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
INFOSHINE |
|
OAKWOOD ASSOCIATES LIMITED (OAKWOOD) |
|
Investment holding |
|
100.00 |
|
100.00 |
|
100.00 |
OAKWOOD |
|
HEJIAN TECHNOLOGY (SUZHOU) CO., LTD. (HEJIAN) |
|
Sales and manufacturing of integrated circuits |
|
100.00 |
|
100.00 |
|
100.00 |
UNITED MICROCHIP CORPORATION and HEJIAN |
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|
Sales and manufacturing of integrated circuits |
|
100.00 |
|
100.00 |
|
100.00 |
The same accounting policies of consolidation have been applied in the Company’s consolidated financial statements as those applied in the Company’s consolidated financial statements for the year ended December 31, 2025. For the summary of material accounting policies, please refer to Note 4 of the Company’s consolidated financial statements for the year ended December 31, 2025.
14
The same significant accounting judgments, estimates and assumptions have been applied in the Company’s consolidated financial statements for the six-month period ended June 30, 2026 as those applied in the Company’s consolidated financial statements for the year ended December 31, 2025. For significant accounting judgments, estimates and assumptions, please refer to Note 5 of the Company’s consolidated financial statements for the year ended December 31, 2025.
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Cash on hand and petty cash |
|
$6,713 |
|
$6,655 |
|
$6,515 |
Checking and savings accounts |
|
42,155,117 |
|
25,019,390 |
|
45,221,688 |
Time deposits |
|
77,321,072 |
|
77,994,948 |
|
62,488,923 |
Repurchase agreements collateralized by government bonds and corporate notes |
|
5,223,563 |
|
7,639,059 |
|
4,276,642 |
Total |
|
$124,706,465 |
|
$110,660,052 |
|
$111,993,768 |
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Financial assets mandatorily measured at fair value through profit or loss |
|
|
|
|
|
|
Common stocks |
|
$16,159,685 |
|
$8,823,146 |
|
$8,586,127 |
Preferred stocks |
|
5,264,304 |
|
3,861,674 |
|
3,346,616 |
Funds |
|
5,595,759 |
|
4,956,553 |
|
4,840,057 |
Convertible bonds |
|
530,288 |
|
438,024 |
|
485,621 |
Forward exchange contracts |
|
720 |
|
1,859 |
|
2,062 |
Others |
|
121,365 |
|
72,660 |
|
58,460 |
Total |
|
$27,672,121 |
|
$18,153,916 |
|
$17,318,943 |
|
|
|
|
|
|
|
Current |
|
$549,520 |
|
$568,521 |
|
$564,689 |
Non-current |
|
27,122,601 |
|
17,585,395 |
|
16,754,254 |
Total |
|
$27,672,121 |
|
$18,153,916 |
|
$17,318,943 |
15
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Equity instruments |
|
|
|
|
|
|
Common stocks |
|
$23,042,653 |
|
$13,571,941 |
|
$16,728,045 |
Preferred stocks |
|
207,263 |
|
202,808 |
|
186,483 |
Total |
|
$23,249,916 |
|
$13,774,749 |
|
$16,914,528 |
|
|
|
|
|
|
|
Current |
|
$- |
|
$4,630,441 |
|
$6,398,188 |
Non-current |
|
23,249,916 |
|
9,144,308 |
|
10,516,340 |
Total |
|
$23,249,916 |
|
$13,774,749 |
|
$16,914,528 |
|
|
|
|
For the three-month periods ended June 30, |
||
|
|
|
|
2026 |
|
2025 |
Held at end of period |
|
|
|
|
|
|
Common stocks |
|
|
|
$148,859 |
|
$199,376 |
Preferred stocks |
|
|
|
- |
|
- |
Derecognized during the period |
|
|
|
|
|
|
Common stocks |
|
|
|
- |
|
- |
Preferred stocks |
|
|
|
- |
|
- |
Total |
|
|
|
$148,859 |
|
$199,376 |
|
|
|
|
For the six-month periods ended June 30, |
||
|
|
|
|
2026 |
|
2025 |
Held at end of period |
|
|
|
|
|
|
Common stocks |
|
|
|
$148,859 |
|
$199,376 |
Preferred stocks |
|
|
|
- |
|
- |
Derecognized during the period |
|
|
|
|
|
|
Common stocks |
|
|
|
- |
|
- |
Preferred stocks |
|
|
|
- |
|
- |
Total |
|
|
|
$148,859 |
|
$199,376 |
16
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Fair value on the date of disposal |
|
|
|
|
Common stocks |
|
$6,018,202 |
|
$- |
Preferred stocks |
|
- |
|
- |
Total |
|
$6,018,202 |
|
$- |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Cumulative gains (losses) reclassified to retained earnings due to derecognition |
|
|
|
|
Common stocks |
|
$4,142,004 |
|
$- |
Preferred stocks |
|
- |
|
- |
Total |
|
$4,142,004 |
|
$- |
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Held at end of period |
|
|
|
|
Common stocks |
|
$11,958,635 |
|
$(699,403) |
Preferred stocks |
|
1,060 |
|
(18,132) |
Derecognized during the period |
|
|
|
|
Common stocks |
|
1,842,329 |
|
- |
Preferred stocks |
|
- |
|
- |
Total |
|
$13,802,024 |
|
$(717,535) |
17
|
|
|
|
For the six-month periods ended June 30, |
||
|
|
|
|
2026 |
|
2025 |
Held at end of period |
|
|
|
|
|
|
Common stocks |
|
|
|
$13,646,585 |
|
$(115,743) |
Preferred stocks |
|
|
|
4,455 |
|
(18,397) |
Derecognized during the period |
|
|
|
|
|
|
Common stocks |
|
|
|
1,842,329 |
|
- |
Preferred stocks |
|
|
|
- |
|
- |
Total |
|
|
|
$15,493,369 |
|
$(134,140) |
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Time deposits with original maturities over three months |
|
$22,135,867 |
|
$12,506,177 |
|
$4,698,543 |
|
|
|
|
|
|
|
Current |
|
$22,135,867 |
|
$12,506,177 |
|
$4,689,449 |
Non-current |
|
- |
|
- |
|
9,094 |
Total |
|
$22,135,867 |
|
$12,506,177 |
|
$4,698,543 |
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Accounts receivable |
|
$37,389,290 |
|
$30,780,504 |
|
$31,747,890 |
Less: loss allowance |
|
(8,419) |
|
(8,345) |
|
(7,787) |
Net |
|
$37,380,871 |
|
$30,772,159 |
|
$31,740,103 |
Aging analysis of accounts receivable:
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Neither past due |
|
$33,780,826 |
|
$28,105,444 |
|
$28,489,383 |
Past due: |
|
|
|
|
|
|
≤ 30 days |
|
3,349,458 |
|
2,565,097 |
|
3,166,867 |
31 to 60 days |
|
176,803 |
|
78,880 |
|
57,244 |
61 to 90 days |
|
20,964 |
|
3,586 |
|
15,106 |
91 to 120 days |
|
30,023 |
|
6,860 |
|
1,265 |
≥ 121 days |
|
31,216 |
|
20,637 |
|
18,025 |
Subtotal |
|
3,608,464 |
|
2,675,060 |
|
3,258,507 |
Total |
|
$37,389,290 |
|
$30,780,504 |
|
$31,747,890 |
18
Movement of loss allowance for accounts receivable:
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Beginning balance |
|
$8,345 |
|
$10,996 |
Net recognition (reversal) for the period |
|
74 |
|
(3,209) |
Ending balance |
|
$8,419 |
|
$7,787 |
The collection periods for third party domestic sales and third party overseas sales were month-end 30 - 60 days and net 30 - 60 days, respectively.
An impairment analysis is performed at each reporting date to measure expected credit losses (ECLs) of accounts receivable. For the receivables past due within 60 days, including not past due, the Company estimates an expected credit loss rate to calculate ECLs. For the six-month periods ended June 30, 2026 and 2025, the expected credit loss rates were not greater than 0.001%. The rate is determined based on the Company’s historical credit loss experience and customer’s current financial condition, adjusted for forward-looking factors such as customer’s economic environment. For the receivables past due over 60 days, the Company applies the aforementioned rate and assesses individually whether to recognize additional expected credit losses by considering customer’s operating condition and debt-paying ability.
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Raw materials |
|
$9,884,026 |
|
$10,078,373 |
|
$10,336,596 |
Supplies and spare parts |
|
6,479,366 |
|
5,996,339 |
|
5,679,365 |
Work in process |
|
20,549,394 |
|
18,555,155 |
|
16,617,573 |
Finished goods |
|
1,003,824 |
|
2,598,516 |
|
1,384,654 |
Total |
|
$37,916,610 |
|
$37,228,383 |
|
$34,018,188 |
19
|
|
As of |
||||||||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
||||||
Investee companies |
|
Amount |
|
Percentage of ownership or voting rights |
|
Amount |
|
Percentage of ownership or voting rights |
|
Amount |
|
Percentage of ownership or voting rights |
Listed companies |
|
|
|
|
|
|
|
|
|
|
|
|
SILICON INTEGRATED SYSTEMS CORP. (SIS) (Note A) |
|
$9,169,636 |
|
18.08 |
|
$3,562,947 |
|
17.99 |
|
$3,333,120 |
|
17.99 |
FARADAY TECHNOLOGY CORP. (FARADAY) (Note B) |
|
3,048,043 |
|
13.80 |
|
2,496,550 |
|
13.80 |
|
2,380,822 |
|
13.80 |
UNIMICRON TECHNOLOGY CORP. (UNIMICRON) (Note C) |
|
17,813,795 |
|
12.85 |
|
14,428,352 |
|
13.01 |
|
13,374,195 |
|
13.01 |
Unlisted companies |
|
|
|
|
|
|
|
|
|
|
|
|
MTIC HOLDINGS PTE. LTD. (Note D) |
|
- |
|
45.44 |
|
- |
|
45.44 |
|
- |
|
45.44 |
UNITECH CAPITAL INC. |
|
686,546 |
|
42.00 |
|
524,403 |
|
42.00 |
|
467,241 |
|
42.00 |
TRIKNIGHT CAPITAL CORPORATION (TRIKNIGHT) (Note E) |
|
769,186 |
|
40.00 |
|
759,446 |
|
40.00 |
|
931,291 |
|
40.00 |
HSUN CHIEH CAPITAL CORP. |
|
308,837 |
|
40.00 |
|
233,438 |
|
40.00 |
|
233,561 |
|
40.00 |
PURIUMFIL INC. (Note F) |
|
- |
|
- |
|
- |
|
- |
|
10,541 |
|
40.00 |
HSUN CHIEH INVESTMENT CO., LTD. (HSUN CHIEH) (Note G) |
|
34,229,937 |
|
36.49 |
|
12,792,773 |
|
36.49 |
|
11,321,001 |
|
36.49 |
YANN YUAN INVESTMENT CO., LTD. (YANN YUAN) |
|
30,303,137 |
|
26.78 |
|
13,722,026 |
|
26.78 |
|
9,527,994 |
|
26.78 |
UNITED LED CORPORATION HONG KONG LIMITED |
|
128,687 |
|
25.14 |
|
122,982 |
|
25.14 |
|
112,280 |
|
25.14 |
VSENSE CO., LTD. (VSENSE) (Note D and H) |
|
- |
|
- |
|
- |
|
- |
|
- |
|
23.98 |
AMOESO CO., LTD. |
|
16,664 |
|
19.61 |
|
- |
|
- |
|
- |
|
- |
Total |
|
$96,474,468 |
|
|
|
$48,642,917 |
|
|
|
$41,692,046 |
|
|
20
21
The carrying amount of investments accounted for using the equity method for which there are published price quotations amounted to NT$30,031 million, NT$20,488 million and NT$19,088 million as of June 30, 2026, December 31, 2025 and June 30, 2025, respectively. The fair value of these investments were NT$232,714 million, NT$54,202 million and NT$33,827 million as of June 30, 2026, December 31, 2025 and June 30, 2025, respectively.
Certain investments accounted for under the equity method were reviewed by other independent accountants. Shares of profit or loss of these associates and joint ventures amounted to NT$21,273 million, NT$176 million, NT$23,560 million and NT$(83) million for the three-month and six-month periods ended June 30, 2026 and 2025, respectively. Share of other comprehensive income (loss) of these associates and joint ventures amounted to NT$526 million, NT$(698) million, NT$755 million and NT$(627) million for the three-month and six-month periods ended June 30, 2026 and 2025, respectively. The balances of investments accounted for under the equity method were NT$52,813 million, NT$27,981 million and NT$26,094 million as of June 30, 2026, December 31, 2025 and June 30, 2025, respectively.
Although the Company is the largest shareholder of some associates, after comprehensive assessment, the Company does not own the major voting rights as the remaining voting rights holders are able to align and prevent the Company from ruling the relevant operation. Therefore, the Company does not control but has significant influence over the aforementioned associates.
None of the aforementioned associates were pledged.
There is no individually significant associate for the Company. When an associate is a foreign operation, and the functional currency of the foreign entity is different from the Company, an exchange difference arising from translation of the foreign entity will be recognized in other comprehensive income (loss). Such exchange differences recognized in other comprehensive income (loss) in the financial statements for the three-month and six-month periods ended June 30, 2026 and 2025 were NT$(2) million, NT$(91) million, NT$11 million and NT$(82) million, respectively, which were not included in the following table.
The aggregate amount of the Company’s share of all its individually immaterial associates that are accounted for using the equity method were as follows:
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Income (loss) from continuing operations |
|
$23,605,970 |
|
$446,242 |
Other comprehensive income (loss) |
|
17,302,381 |
|
(705,375) |
Total comprehensive income (loss) |
|
$40,908,351 |
|
$(259,133) |
22
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Income (loss) from continuing operations |
|
$26,421,106 |
|
$238,354 |
Other comprehensive income (loss) |
|
21,020,763 |
|
(1,168,841) |
Total comprehensive income (loss) |
|
$47,441,869 |
|
$(930,487) |
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
HSUN CHIEH |
|
441,371 |
|
441,371 |
|
441,371 |
SIS |
|
266,580 |
|
266,580 |
|
266,580 |
YANN YUAN |
|
196,563 |
|
192,963 |
|
192,963 |
UNIMICRON |
|
19 |
|
27 |
|
47 |
Total |
|
904,533 |
|
900,941 |
|
900,961 |
Assets Used by the Company:
Cost:
|
|
Land |
|
Buildings |
|
Machinery and equipment |
|
Transportation equipment |
|
Furniture and fixtures |
|
Leasehold improvement |
|
Construction in progress and equipment awaiting inspection |
|
Total |
As of January 1, 2026 |
|
$1,385,971 |
|
$67,407,336 |
|
$1,179,267,510 |
|
$81,156 |
|
$10,952,535 |
|
$68,090 |
|
$26,966,564 |
|
$1,286,129,162 |
Additions |
|
- |
|
4,499 |
|
- |
|
- |
|
- |
|
- |
|
13,972,031 |
|
13,976,530 |
Disposals |
|
- |
|
(29,997) |
|
(1,231,004) |
|
- |
|
(48,872) |
|
- |
|
(5,353) |
|
(1,315,226) |
Transfers and reclassifications |
|
- |
|
683,857 |
|
16,827,539 |
|
4,353 |
|
143,157 |
|
- |
|
(16,086,706) |
|
1,572,200 |
Exchange effect |
|
(11,092) |
|
747,822 |
|
9,003,215 |
|
713 |
|
56,407 |
|
452 |
|
302,839 |
|
10,100,356 |
As of June 30, 2026 |
|
$1,374,879 |
|
$68,813,517 |
|
$1,203,867,260 |
|
$86,222 |
|
$11,103,227 |
|
$68,542 |
|
$25,149,375 |
|
$1,310,463,022 |
23
Accumulated Depreciation and Impairment:
|
|
Land |
|
Buildings |
|
Machinery and equipment |
|
Transportation equipment |
|
Furniture and fixtures |
|
Leasehold improvement |
|
Construction in progress and equipment awaiting inspection |
|
Total |
As of January 1, 2026 |
|
$- |
|
$27,811,816 |
|
$980,328,057 |
|
$64,895 |
|
$8,164,849 |
|
$67,136 |
|
$- |
|
$1,016,436,753 |
Depreciation |
|
- |
|
1,216,041 |
|
28,829,333 |
|
2,447 |
|
377,644 |
|
764 |
|
- |
|
30,426,229 |
Disposals |
|
- |
|
(29,674) |
|
(1,218,528) |
|
- |
|
(24,167) |
|
- |
|
- |
|
(1,272,369) |
Transfers and reclassifications |
|
- |
|
- |
|
499 |
|
- |
|
(1,107) |
|
- |
|
- |
|
(608) |
Exchange effect |
|
- |
|
190,685 |
|
7,115,258 |
|
626 |
|
47,682 |
|
447 |
|
- |
|
7,354,698 |
As of June 30, 2026 |
|
$- |
|
$29,188,868 |
|
$1,015,054,619 |
|
$67,968 |
|
$8,564,901 |
|
$68,347 |
|
$- |
|
$1,052,944,703 |
Net carrying amount: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
$1,374,879 |
|
$39,624,649 |
|
$188,812,641 |
|
$18,254 |
|
$2,538,326 |
|
$195 |
|
$25,149,375 |
|
$257,518,319 |
Assets Subject to Operating Leases:
Cost:
|
|
Land |
|
Buildings |
|
Machinery and equipment |
|
Furniture and fixtures |
|
Total |
|
|
|
|
|
|
As of January 1, 2026 |
|
$532,934 |
|
$2,473,046 |
|
$6,345 |
|
$1,435,789 |
|
$4,448,114 |
|
|
|
|
|
|
Disposals |
|
- |
|
(14,241) |
|
- |
|
- |
|
(11,216) |
|
|
|
|
|
|
Transfers and reclassifications |
|
- |
|
- |
|
- |
|
22,566 |
|
22,566 |
|
|
|
|
|
|
Exchange effect |
|
(1,692) |
|
8,571 |
|
- |
|
8,890 |
|
15,769 |
|
|
|
|
|
|
As of June 30, 2026 |
|
$531,242 |
|
$2,467,376 |
|
$6,345 |
|
$1,467,245 |
|
$4,472,208 |
|
|
|
|
|
|
Accumulated Depreciation and Impairment:
|
|
Land |
|
Buildings |
|
Machinery and equipment |
|
Furniture and fixtures |
|
Total |
|
|
|
|
|
|
As of January 1, 2026 |
|
$- |
|
$1,379,648 |
|
$6,345 |
|
$1,359,234 |
|
$2,745,227 |
|
|
|
|
|
|
Depreciation |
|
- |
|
20,004 |
|
- |
|
10,997 |
|
31,001 |
|
|
|
|
|
|
Disposals |
|
- |
|
(11,216) |
|
- |
|
- |
|
(14,241) |
|
|
|
|
|
|
Transfers and reclassifications |
|
- |
|
- |
|
- |
|
608 |
|
608 |
|
|
|
|
|
|
Exchange effect |
|
- |
|
4,191 |
|
- |
|
8,305 |
|
12,496 |
|
|
|
|
|
|
As of June 30, 2026 |
|
$- |
|
$2,467,376 |
|
$6,345 |
|
$1,379,144 |
|
$2,778,116 |
|
|
|
|
|
|
Net carrying amount: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
$531,242 |
|
$1,074,749 |
|
$- |
|
$88,101 |
|
$1,694,092 |
|
|
|
|
|
|
24
Assets Used by the Company:
Cost:
|
|
Land |
|
Buildings |
|
Machinery and equipment |
|
Transportation equipment |
|
Furniture and fixtures |
|
Leasehold improvement |
|
Construction in progress and equipment awaiting inspection |
|
Total |
As of January 1, 2025 |
|
$1,410,796 |
|
$65,588,012 |
|
$1,126,546,727 |
|
$78,020 |
|
$9,533,232 |
|
$68,407 |
|
$44,767,602 |
|
$1,247,992,796 |
Additions |
|
- |
|
12,059 |
|
- |
|
- |
|
- |
|
- |
|
17,879,448 |
|
17,891,507 |
Disposals |
|
- |
|
(3,100) |
|
(1,586,793) |
|
(360) |
|
(4,165) |
|
- |
|
- |
|
(1,594,418) |
Transfers and reclassifications |
|
- |
|
287,975 |
|
37,291,984 |
|
1,701 |
|
305,931 |
|
2,111 |
|
(34,584,812) |
|
3,304,890 |
Exchange effect |
|
(16,902) |
|
(3,963,965) |
|
(35,145,613) |
|
(2,696) |
|
(162,555) |
|
(5,462) |
|
(3,217,599) |
|
(42,514,792) |
As of June 30, 2025 |
|
$1,393,894 |
|
$61,920,981 |
|
$1,127,106,305 |
|
$76,665 |
|
$9,672,443 |
|
$65,056 |
|
$24,844,639 |
|
$1,225,079,983 |
Accumulated Depreciation and Impairment:
|
|
Land |
|
Buildings |
|
Machinery and equipment |
|
Transportation equipment |
|
Furniture and fixtures |
|
Leasehold improvement |
|
Construction in progress and equipment awaiting inspection |
|
Total |
As of January 1, 2025 |
|
$- |
|
$25,675,000 |
|
$937,309,791 |
|
$61,733 |
|
$7,534,386 |
|
$67,464 |
|
$- |
|
$970,648,374 |
Depreciation |
|
- |
|
1,121,015 |
|
25,435,553 |
|
2,026 |
|
285,251 |
|
1,057 |
|
- |
|
26,844,902 |
Disposals |
|
- |
|
(3,100) |
|
(1,582,028) |
|
(360) |
|
(4,165) |
|
- |
|
- |
|
(1,589,653) |
Exchange effect |
|
- |
|
(619,666) |
|
(27,007,507) |
|
(2,041) |
|
(133,958) |
|
(5,318) |
|
- |
|
(27,768,490) |
As of June 30, 2025 |
|
$- |
|
$26,173,249 |
|
$934,155,809 |
|
$61,358 |
|
$7,681,514 |
|
$63,203 |
|
$- |
|
$968,135,133 |
Net carrying amount: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2025 |
|
$1,393,894 |
|
$35,747,732 |
|
$192,950,496 |
|
$15,307 |
|
$1,990,929 |
|
$1,853 |
|
$24,844,639 |
|
$256,944,850 |
Assets Subject to Operating Leases:
Cost:
|
|
Land |
|
Buildings |
|
Machinery and equipment |
|
Furniture and fixtures |
|
Total |
|
|
|
|
|
|
As of January 1, 2025 |
|
$536,721 |
|
$2,461,012 |
|
$6,345 |
|
$1,409,464 |
|
$4,413,542 |
|
|
|
|
|
|
Disposals |
|
- |
|
- |
|
- |
|
(512) |
|
(512) |
|
|
|
|
|
|
Transfers and reclassifications |
|
- |
|
8,680 |
|
- |
|
2,900 |
|
11,580 |
|
|
|
|
|
|
Exchange effect |
|
(2,579) |
|
(34,633) |
|
- |
|
(20,460) |
|
(57,672) |
|
|
|
|
|
|
As of June 30, 2025 |
|
$534,142 |
|
$2,435,059 |
|
$6,345 |
|
$1,391,392 |
|
$4,366,938 |
|
|
|
|
|
|
25
Accumulated Depreciation and Impairment:
|
|
Land |
|
Buildings |
|
Machinery and equipment |
|
Furniture and fixtures |
|
Total |
|
|
|
|
|
|
As of January 1, 2025 |
|
$- |
|
$1,347,206 |
|
$6,345 |
|
$1,345,376 |
|
$2,698,927 |
|
|
|
|
|
|
Depreciation |
|
- |
|
19,655 |
|
- |
|
7,321 |
|
26,976 |
|
|
|
|
|
|
Disposals |
|
- |
|
- |
|
- |
|
(512) |
|
(512) |
|
|
|
|
|
|
Exchange effect |
|
- |
|
(21,124) |
|
- |
|
(19,814) |
|
(40,938) |
|
|
|
|
|
|
As of June 30, 2025 |
|
$- |
|
$1,345,737 |
|
$6,345 |
|
$1,332,371 |
|
$2,684,453 |
|
|
|
|
|
|
Net carrying amount: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2025 |
|
$534,142 |
|
$1,089,322 |
|
$- |
|
$59,021 |
|
$1,682,485 |
|
|
|
|
|
|
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Interest expense capitalized |
|
$- |
|
$6,777 |
Interest rates applied |
|
- |
|
1.64% - 1.81% |
The Company leases various properties, such as land (including land use right), buildings, machinery and equipment, transportation equipment and other equipment with lease terms of 2 to 31 years, except for the land use rights with lease term of 50 years. Most lease contracts of land located in R.O.C state that lease payments will be adjusted based on the announced land value. The Company does not have purchase options of leased land at the end of the lease terms.
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Land (including land use right) |
|
$5,495,766 |
|
$5,416,282 |
|
$5,322,011 |
Buildings |
|
76,188 |
|
73,432 |
|
115,703 |
Machinery and equipment |
|
1,860,728 |
|
1,952,668 |
|
1,827,399 |
Transportation equipment |
|
11,860 |
|
13,918 |
|
7,549 |
Other equipment |
|
18,816 |
|
19,734 |
|
18,221 |
Net |
|
$7,463,358 |
|
$7,476,034 |
|
$7,290,883 |
26
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Depreciation |
|
|
|
|
Land (including land use right) |
|
$94,562 |
|
$93,312 |
Buildings |
|
16,652 |
|
19,682 |
Machinery and equipment |
|
63,193 |
|
59,154 |
Transportation equipment |
|
1,819 |
|
2,363 |
Other equipment |
|
1,103 |
|
868 |
Total |
|
$177,329 |
|
$175,379 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Depreciation |
|
|
|
|
Land (including land use right) |
|
$191,124 |
|
$188,082 |
Buildings |
|
33,348 |
|
40,429 |
Machinery and equipment |
|
125,740 |
|
120,380 |
Transportation equipment |
|
3,955 |
|
4,957 |
Other equipment |
|
2,150 |
|
1,748 |
Total |
|
$356,317 |
|
$355,596 |
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Current |
|
$640,690 |
|
$624,825 |
|
$609,840 |
Non-current |
|
5,276,626 |
|
5,376,021 |
|
5,381,790 |
Total |
|
$5,917,316 |
|
$6,000,846 |
|
$5,991,630 |
Please refer to Note 6(24) for the interest expenses on the lease liabilities.
27
The Company entered into leases on certain property, plant and equipment which are classified as operating leases as they did not transfer substantially all of the risks and rewards incidental to ownership of the underlying assets. The main contracts are to lease the dormitory to the employees with cancellation clauses. Please refer to Note 6(8) for relevant disclosure of property, plant and equipment for operating leases.
For the six-month period ended June 30, 2026
Cost:
|
|
Goodwill |
|
Software |
|
Patents and technology license fees |
|
Others |
|
Total |
As of January 1, 2026 |
|
$34,577 |
|
$5,631,275 |
|
$1,845,480 |
|
$3,324,623 |
|
$10,835,955 |
Additions |
|
- |
|
729,063 |
|
113,082 |
|
322,778 |
|
1,164,923 |
Write-off |
|
- |
|
(747,007) |
|
- |
|
(121,706) |
|
(868,713) |
Exchange effect |
|
- |
|
(21,465) |
|
467,181 |
|
(2,656) |
|
443,060 |
As of June 30, 2026 |
|
$34,577 |
|
$5,591,866 |
|
$2,425,743 |
|
$3,523,039 |
|
$11,575,225 |
Accumulated Amortization and Impairment:
|
|
Goodwill |
|
Software |
|
Patents and technology license fees |
|
Others |
|
Total |
As of January 1, 2026 |
|
$7,398 |
|
$2,717,650 |
|
$1,185,778 |
|
$2,182,253 |
|
$6,093,079 |
Amortization |
|
- |
|
875,333 |
|
110,075 |
|
384,929 |
|
1,370,337 |
Write-off |
|
- |
|
(747,007) |
|
- |
|
(121,706) |
|
(868,713) |
Exchange effect |
|
- |
|
(12,894) |
|
428,616 |
|
(2,772) |
|
412,950 |
As of June 30, 2026 |
|
$7,398 |
|
$2,833,082 |
|
$1,724,469 |
|
$2,442,704 |
|
$7,007,653 |
Net carrying amount: |
|
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
$27,179 |
|
$2,758,784 |
|
$701,274 |
|
$1,080,335 |
|
$4,567,572 |
28
For the six-month period ended June 30, 2025
Cost:
|
|
Goodwill |
|
Software |
|
Patents and technology license fees |
|
Others |
|
Total |
As of January 1, 2025 |
|
$15,012 |
|
$5,476,499 |
|
$2,042,479 |
|
$2,951,272 |
|
$10,485,262 |
Additions |
|
- |
|
731,719 |
|
7,909 |
|
432,743 |
|
1,172,371 |
Write-off |
|
- |
|
(1,508,361) |
|
- |
|
(398,408) |
|
(1,906,769) |
Reclassifications |
|
- |
|
(4,283) |
|
- |
|
- |
|
(4,283) |
Exchange effect |
|
- |
|
(70,171) |
|
(957,289) |
|
(4,525) |
|
(1,031,985) |
As of June 30, 2025 |
|
$15,012 |
|
$4,625,403 |
|
$1,093,099 |
|
$2,981,082 |
|
$8,714,596 |
Accumulated Amortization and Impairment:
|
|
Goodwill |
|
Software |
|
Patents and technology license fees |
|
Others |
|
Total |
As of January 1, 2025 |
|
$7,398 |
|
$3,231,115 |
|
$1,162,797 |
|
$1,929,637 |
|
$6,330,947 |
Amortization |
|
- |
|
844,772 |
|
125,201 |
|
397,294 |
|
1,367,267 |
Write-off |
|
- |
|
(1,508,361) |
|
- |
|
(398,408) |
|
(1,906,769) |
Exchange effect |
|
- |
|
(34,892) |
|
(799,614) |
|
(4,297) |
|
(838,803) |
As of June 30, 2025 |
|
$7,398 |
|
$2,532,634 |
|
$488,384 |
|
$1,924,226 |
|
$4,952,642 |
Net carrying amount: |
|
|
|
|
|
|
|
|
|
|
As of June 30, 2025 |
|
$7,614 |
|
$2,092,769 |
|
$604,715 |
|
$1,056,856 |
|
$3,761,954 |
The amortization amounts of intangible assets were as follows:
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Operating costs |
|
$292,632 |
|
$309,913 |
Operating expenses |
|
$386,095 |
|
$375,701 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Operating costs |
|
$587,063 |
|
$610,478 |
Operating expenses |
|
$783,274 |
|
$756,789 |
29
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Unsecured bank loans |
|
$2,806,983 |
|
$8,408,772 |
|
$6,524,000 |
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Interest rates applied |
|
1.79% - 4.88% |
|
1.78% - 4.75% |
|
1.79% - 3.01% |
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Embedded derivatives in exchangeable bonds |
|
$- |
|
$54,651 |
|
$1,082,329 |
Forward exchange contracts |
|
12,801 |
|
2,512 |
|
- |
Total |
|
$12,801 |
|
$57,163 |
|
$1,082,329 |
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Unsecured domestic bonds payable |
|
$39,100,000 |
|
$44,600,000 |
|
$29,800,000 |
Unsecured exchangeable bonds payable |
|
565,191 |
|
5,757,373 |
|
5,757,373 |
Less: Discounts on bonds payable |
|
(24,871) |
|
(129,068) |
|
(213,892) |
Total |
|
39,640,320 |
|
50,228,305 |
|
35,343,481 |
Less: Current or exchangeable portion due within one year |
|
(5,564,607) |
|
(16,157,161) |
|
(11,060,836) |
Net |
|
$34,075,713 |
|
$34,071,144 |
|
$24,282,645 |
30
|
|
|
|
|
|
|
|
|
Term |
|
Issuance date |
|
Issued amount |
|
Coupon rate |
|
Repayment |
Five-year |
|
In late April 2021 |
|
NT$5,500 million |
|
0.57% |
|
Interest was paid annually and the principal was fully repaid in April 2026. |
Seven-year |
|
In late April 2021 |
|
NT$2,000 million |
|
0.63% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs seven years after the issuance date. |
Ten-year (Green bond) |
|
In late April 2021 |
|
NT$2,100 million |
|
0.68% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs ten years after the issuance date. |
Five-year |
|
In mid-December 2021 |
|
NT$5,000 million |
|
0.63% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs five years after the issuance date. |
Five-year (Green bond) |
|
In mid-September 2023 |
|
NT$10,000 million |
|
1.62% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs five years after the issuance date. |
Five-year (Green bond) |
|
In late June 2025 |
|
NT$2,000 million |
|
1.94% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs five years after the issuance date. |
Five-year |
|
In late June 2025 |
|
NT$3,200 million |
|
1.99% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs five years after the issuance date. |
Three-year |
|
In late August 2025 |
|
NT$5,000 million |
|
1.80% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs three years after the issuance date. |
Three-year |
|
In late October 2025 |
|
NT$5,000 million |
|
1.70% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs three years after the issuance date. |
Three-year |
|
In early December 2025 |
|
NT$2,300 million |
|
1.55% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs three years after the issuance date. |
Five-year |
|
In early December 2025 |
|
NT$2,500 million |
|
1.60% |
|
Interest will be paid annually and the principal will be repayable upon maturity, which occurs five years after the issuance date. |
31
32
If for any reason UMC does not have sufficient NOVATEK common shares to deliver upon the exchange of any bond, then, UMC will pay to the exchanging bondholder an amount in U.S. dollars equal to the product of the volume-weighted average closing price per NOVATEK common share on the TWSE for five consecutive trading days starting from and including the applicable exercise date (as defined in the indenture) (or such fewer number of trading days as are available within ten days starting from and including the applicable exercise date) each converted into USD at the prevailing rate on the day preceding the applicable trading day and the number of NOVATEK common shares that UMC is unable to deliver. Provided, however, that if the exercise date falls within 5 business days from the beginning of, and during, any closed period, the right of the converting holder of the bonds to vote with respect to the shares it receives will be subject to certain restrictions.
The bonds will be redeemed with 96.92% principal amount on the maturity date unless:
On July 7, 2024, there were no bondholders that required UMC to redeem the outstanding exchangeable bonds.
As of June 30, 2026, December 31, 2025 and June 30, 2025, UMC has cumulatively repurchased and cancelled the outstanding principal amount of exchangeable bonds totaling USD 187.1 million as of each date, with derecognition of the related derivative financial liabilities.
During the second quarter of 2026, the bondholders exercised their exchange rights to exchange the exchangeable bonds with an aggregate principal amount of USD 192 million for 11 million common shares of NOVATEK at an exchange price of NT$479.8 per common share. UMC derecognized the related derivative financial liabilities accordingly.
33
|
|
|
|
|
||||
|
|
As of |
|
|
||||
Lenders |
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
|
Redemption |
NTD secured bank loans |
|
$475,036 |
|
$382,290 |
|
$437,384 |
|
Repayable from October 19, 2015 to October 15, 2031. |
RMB secured bank loans |
|
- |
|
- |
|
4,007,278 |
|
Repayable from March 19, 2021 to March 18, 2031. |
NTD unsecured bank loans |
|
8,066,046 |
|
8,291,500 |
|
5,585,933 |
|
Repayable from March 24, 2023 to March 15, 2031. |
USD unsecured bank loans |
|
- |
|
- |
|
804,410 |
|
Repayable from June 24, 2023 to June 24, 2026. |
RMB unsecured bank loans |
|
1,744,180 |
|
2,258,000 |
|
- |
|
Repayable from May 20, 2026 to May 20, 2027. |
NTD unsecured revolving bank loans |
|
4,800,000 |
|
3,400,000 |
|
10,200,000 |
|
Repayable from March 2, 2023 to March 25, 2031. |
Subtotal |
|
15,085,262 |
|
14,331,790 |
|
21,035,005 |
|
|
Less: Current portion |
|
(3,595,338) |
|
(3,030,880) |
|
(3,717,500) |
|
|
Total |
|
$11,489,924 |
|
$11,300,910 |
|
$17,317,505 |
|
|
|
|
As of |
|
|
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
|
|
Interest rates applied |
|
1.53% - 2.98% |
|
1.53% - 2.98% |
|
1.53% - 5.48% |
|
|
The employee pension plan under the Labor Pension Act of R.O.C. is a defined contribution plan. Pursuant to the plan, UMC and its domestic subsidiaries make monthly contributions of 6% based on each individual employee’s salary or wage to employees’ pension accounts. Pension benefits for employees of the Singapore branch and subsidiaries overseas are provided in accordance with the local regulations. Total pension expenses of NT$583 million, NT$499 million, NT$1,138 million and NT$1,006 million were contributed by the Company for the three-month and six-month periods ended June 30, 2026 and 2025, respectively.
34
The employee pension plan mandated by the Labor Standards Act of R.O.C. is a defined benefit plan. The pension benefits are disbursed based on the units of service years and average monthly salary prior to retirement according to the Labor Standards Act. Two units per year are awarded for the first 15 years of services while one unit per year is awarded after the completion of the 15th year and the total units will not exceed 45 units. The Company contributes an amount equivalent to 2% of the employees’ total salaries and wages on a monthly basis to the pension fund deposited with the Bank of Taiwan under the name of a pension fund supervisory committee. The pension fund is managed by the government’s designated authorities and therefore is not included in the Company’s consolidated financial statements. Pension cost for an interim period is calculated on a year-to-date basis by using the actuarially determined pension cost rate at the end of the prior financial year. For the three-month and six-month periods ended June 30, 2026 and 2025, total pension expenses of NT$4 million, NT$7 million, NT$8 million and NT$14 million, respectively, were recognized by the Company.
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Beginning balance |
|
$7,266,505 |
|
$3,961,028 |
|
$3,961,028 |
Arising during the period |
|
3,781,133 |
|
5,097,841 |
|
3,722,471 |
Recorded in profit or loss: |
|
|
|
|
|
|
Other operating income |
|
(968,256) |
|
(1,520,370) |
|
(726,309) |
Exchange effect |
|
124,332 |
|
(271,994) |
|
(670,255) |
Ending balance |
|
$10,203,714 |
|
$7,266,505 |
|
$6,286,935 |
|
|
|
|
|
|
|
Current (classified under other current liabilities) |
|
$2,408,177 |
|
$1,781,746 |
|
$1,441,160 |
Non-current (classified under other noncurrent liabilities-others) |
|
7,795,537 |
|
5,484,759 |
|
4,845,775 |
Total |
|
$10,203,714 |
|
$7,266,505 |
|
$6,286,935 |
The significant government grants related to buildings and equipment acquisitions received by the Company are amortized as income over the useful lives of related buildings and equipment and recorded in the net other operating income and expenses.
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Refund liabilities |
|
$4,922,969 |
|
$4,309,253 |
|
$3,681,496 |
35
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Decommissioning Liabilities (classified under other noncurrent liabilities-others) |
|
$926,028 |
|
$898,273 |
|
$641,427 |
Onerous Contracts (classified under other current liabilities) |
|
105,949 |
|
160,114 |
|
191,431 |
Carbon fees (classified under other current liabilities) |
|
41,971 |
|
69,202 |
|
42,159 |
Total |
|
$1,073,948 |
|
$1,127,589 |
|
$875,017 |
|
|
Decommissioning Liabilities |
|
Onerous Contracts |
|
Carbon fees |
Balance as of January 1, 2026 |
|
$898,273 |
|
$160,114 |
|
$69,202 |
Arising during the period |
|
4,499 |
|
43,280 |
|
35,290 |
Used during the period |
|
- |
|
- |
|
(49,378) |
Unused provision reversed |
|
- |
|
(98,504) |
|
(13,304) |
Discount rate adjustment and unwinding of discount from the passage of time |
|
10,586 |
|
- |
|
- |
Exchange effect |
|
12,670 |
|
1,059 |
|
161 |
Balance as of June 30, 2026 |
|
$926,028 |
|
$105,949 |
|
$41,971 |
Under certain applicable agreement, the Company is obligated to dismantling and removing the items of property, plant and equipment and restoring the site on which they are located. Accordingly, the Company recognized the liability pursuant to the present value of the estimated decommissioning and restoration cost.
When the Company expects that the unavoidable costs of fulfilling the contractual obligations exceed the expected economic benefits from the contracts, the present obligation under the onerous contract are recognized and measured as provisions.
The Company recognized provisions for carbon fees in accordance with the applicable carbon fee regulations.
36
For the Six-month period ended June 30, 2026
(In thousands of shares)
Purpose |
|
As of January 1, 2026 |
|
Increase |
|
Decrease |
|
As of June 30, 2026 |
For transfer to employees |
|
- |
|
30,551 |
|
- |
|
30,551 |
37
According to UMC’s Articles of Incorporation, current year’s earnings, if any, shall be distributed in the following order:
Because UMC conducts business in a capital intensive industry and continues to operate in its growth phase, the dividend policy of UMC shall be determined pursuant to factors such as the investment environment, its funding requirements, domestic and overseas competitive landscape and its capital expenditure forecast, as well as shareholders’ interest, balancing dividends and UMC’s long-term financial planning. The Board of Directors shall propose the distribution plan and submit it to the shareholders’ meeting every year. The distribution of shareholders’ dividend shall be allocated as cash dividend in the range of 20% to 100%, and stock dividend in the range of 0% to 80%.
38
According to the regulations of Taiwan FSC, UMC is required to appropriate a special reserve in the amount equal to the sum of debit elements under equity, such as unrealized loss on financial instruments and debit balance of exchange differences on translation of foreign operations, at every year-end. Such special reserve is prohibited from distribution. However, if any of the debit elements is reversed, the special reserve in the amount equal to the reversal may be released for offsetting accumulated deficits or earnings distribution.
The appropriation of earnings for 2025 and 2024 were approved by the shareholders’ meeting held on May 27, 2026 and May 28, 2025, respectively. The details of appropriation were as follows:
|
|
Appropriation of earnings (in thousand NT dollars) |
|
Cash dividend per share (NT dollars) |
||||
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
Legal reserve |
|
$4,182,207 |
|
$4,738,237 |
|
|
|
|
Cash dividends |
|
32,704,164 |
|
35,787,598 |
|
$2.60 |
|
$2.85 |
The aforementioned 2025 and 2024 appropriation approved by shareholders’ meeting were consistent with the resolutions of the Board of Directors’ meeting held on February 25, 2026 and February 26, 2025, respectively.
The cash dividend per share for 2025 and 2024 were adjusted to NT$2.60808262 and NT$2.85016443 per share. The adjustment was due to the decrease of outstanding common shares from cancellation of the restricted stock in April 2026 and April 2025, respectively.
Please refer to Note 6(22) for information on the employees and directors’ compensation.
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Balance as of January 1 |
|
$87,175 |
|
$256,613 |
Attributable to non-controlling interests: |
|
|
|
|
Net income (loss) |
|
(90,637) |
|
(88,050) |
Other comprehensive income (loss) |
|
65 |
|
(203) |
Share-based payment transactions |
|
682 |
|
998 |
Changes in subsidiaries’ ownership |
|
(19,952) |
|
(1,262) |
Others |
|
26,718 |
|
5,911 |
Ending balance |
|
$4,051 |
|
$174,007 |
39
The equity-settled share-based payment of restricted stock plans for employees in each year are as follows:
|
|
2024 Plan |
|
2022 Plan |
|
2020 Plan |
||||||
|
|
1st tranche |
|
2nd tranche |
|
1st tranche |
|
2nd tranche |
|
1st tranche |
|
2nd tranche |
Resolution date of UMC’s shareholders meeting |
|
|
|
May 30, 2024 |
|
|
|
May 27, 2022 |
|
|
|
June 10, 2020 |
Maximum shares to be issued (in thousands) |
|
66,000 |
|
50,000 |
|
233,200 |
||||||
Eligible employees |
|
Qualified employees of the Company |
|
Qualified employees of the Company |
|
Qualified employees of UMC |
||||||
Issuance of shares (in thousands) |
|
32,956 |
|
32,878 |
|
23,060 |
|
26,728 |
|
200,030 |
|
1,268 |
Issuance date |
|
December 5, 2024 |
|
December 5, 2025 |
|
December 5, 2022 |
|
December 5, 2023 |
|
September 1, 2020 |
|
June 9, 2021 |
Weighted-average fair value on the grant date (NT$/ per share) |
|
$39.27 |
|
$41.70 |
|
$44.40 |
|
$48.90 |
|
$21.80 |
|
$53.00 |
The aforementioned restricted stock plans for employees are issued gratuitously and have a duration of four years. Beginning from the end of two years since the date of grant, those employees who fulfill both service period and performance conditions set by UMC are gradually eligible to the vested restricted stocks at certain percentage and time frame. For those employees who fail to fulfill the vesting conditions, UMC will recall and cancel their stocks without consideration. Before any employee who has been granted restricted stock award shares fulfills the vesting conditions, the rights of the restricted stocks to attendance, proposal, statement, voting and election at the shareholders’ meeting shall be exercised by an entrusted institution according to a custodial agreement. Other rights of restricted stocks including but not limited to, the right to distribution of cash dividends, stock dividends, legal reserves and capital reserves, and the preemptive right for new shares of capital increase by cash, shall be the same as those of the outstanding common shares of UMC, but are restricted from selling, pledging, setting guarantee, transferring, granting, or disposing of the restricted stocks in any other ways. Related information can be obtained from the “Market Observation Post System” on the website of the TWSE.
40
The 2024 restricted stock plan for employees includes market conditions. The compensation cost for these market conditions was measured at fair value initially by using Monte Carlo Simulation on the grant date. The assumptions used are as follows:
|
|
2024 Plan |
||
|
|
1st tranche |
|
2nd tranche |
Share price of measurement date (NT$/ per share) |
|
$44.60 |
|
$47.20 |
Expected volatility |
|
23.76% - 34.32% |
|
25.11% - 28.65% |
Expected life |
|
2 - 4 years |
|
2 - 4 years |
Risk-free interest rate |
|
1.40% - 1.46% |
|
1.14% - 1.23% |
For the aforementioned plans, the unvested restricted stocks issued on the grant date for employees are recognized in unearned employee compensation as a transitional contra equity account and such account shall be amortized as compensation expense over the vesting period. The restricted stock plan, which was implemented in 2020, expired in June 2025. For the three-month and six-month periods ended June 30, 2026 and 2025, the compensation costs of NT$239 million, NT$215 million, NT$472 million and NT$422 million, respectively, were recognized in expenses by the Company.
In June 2021, the Company’s subsidiaries executed a compensation plan to grant 1 million units of cash-settled stock appreciation right to qualified employees of the Company’s subsidiaries without consideration. One unit of stock appreciation right to employees represents a right to the intrinsic value of one common share of UMC. The life of the plan is four years. Beginning from the end of two years since the date of grant, those employees who fulfill both service period and performance conditions set by the Company’s subsidiaries are gradually eligible to the vested stock appreciation right at certain percentage and time frame. For those employees who fail to fulfill the vesting conditions, the Company’s subsidiaries will withdraw their rights without consideration. During the vesting period, the holders of the stock appreciation right are not entitled the same rights as those of common stock holders of UMC. The compensation plan, which was implemented in June 2021, expired in June 2025.
For the three-month and six-month periods ended June 30, 2025, the compensation costs of NT$1 million and NT$1 million, respectively, were recognized in expenses by the Company’s subsidiaries. The liabilities for stock appreciation right recognized which was classified under other payables amounted to NT$3 million as of June 30, 2025. The intrinsic value for the liabilities of vested rights was NT$3 million.
41
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Wafer |
|
$66,439,968 |
|
$56,493,955 |
Others |
|
2,292,694 |
|
2,263,702 |
Total |
|
$68,732,662 |
|
$58,757,657 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Wafer |
|
$124,657,678 |
|
$112,088,420 |
Others |
|
5,112,886 |
|
4,528,194 |
Total |
|
$129,770,564 |
|
$116,616,614 |
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Taiwan |
|
$25,470,088 |
|
$24,338,465 |
China (includes Hong Kong) |
|
12,344,933 |
|
8,754,522 |
Japan |
|
2,491,656 |
|
2,888,059 |
Korea |
|
7,452,218 |
|
6,569,810 |
USA |
|
15,267,587 |
|
11,739,348 |
Europe |
|
5,648,849 |
|
4,465,787 |
Others |
|
57,331 |
|
1,666 |
Total |
|
$68,732,662 |
|
$58,757,657 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Taiwan |
|
$49,577,798 |
|
$48,675,409 |
China (includes Hong Kong) |
|
23,178,883 |
|
17,274,489 |
Japan |
|
5,342,969 |
|
5,517,859 |
Korea |
|
12,284,340 |
|
11,911,857 |
USA |
|
28,251,912 |
|
24,594,330 |
Europe |
|
11,061,530 |
|
8,638,329 |
Others |
|
73,132 |
|
4,341 |
Total |
|
$129,770,564 |
|
$116,616,614 |
The geographic breakdown of the Company's operating revenues is based on the location where the Company's customers are headquartered.
42
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
At a point in time |
|
$67,723,572 |
|
$58,186,417 |
Over time |
|
1,009,090 |
|
571,240 |
Total |
|
$68,732,662 |
|
$58,757,657 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
At a point in time |
|
$127,713,204 |
|
$115,544,719 |
Over time |
|
2,057,360 |
|
1,071,895 |
Total |
|
$129,770,564 |
|
$116,616,614 |
|
|
As of |
||||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
|
December 31, 2024 |
Sales of goods and services |
|
$953,434 |
|
$1,107,419 |
|
$744,799 |
|
$1,043,680 |
Less: Loss allowance |
|
(408,834) |
|
(402,021) |
|
(373,977) |
|
(417,967) |
Net |
|
$544,600 |
|
$705,398 |
|
$370,822 |
|
$625,713 |
The loss allowance was assessed by the Company primarily at an amount equal to lifetime expected credit losses. The loss allowance was mainly resulted from the suspension of the joint technology development agreement due to litigation.
|
|
As of |
||||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
|
December 31, 2024 |
Sales of goods and services |
|
$6,213,892 |
|
$4,368,164 |
|
$3,007,653 |
|
$2,660,181 |
|
|
|
|
|
|
|
|
|
Current |
|
$4,446,566 |
|
$2,580,789 |
|
$2,551,289 |
|
$2,200,561 |
Non-current |
|
1,767,326 |
|
1,787,375 |
|
456,364 |
|
459,620 |
Total |
|
$6,213,892 |
|
$4,368,164 |
|
$3,007,653 |
|
$2,660,181 |
43
The movement of contract liabilities is mainly caused by the timing difference of the satisfaction of a performance of obligation and the consideration received from customers.
The Company recognized NT$1,873 million and NT$1,577 million, respectively, in revenues from the contract liabilities balance at the beginning of the period as performance obligations were satisfied for the six-month periods ended June 30, 2026 and 2025.
As of June 30, 2026, December 31, 2025 and June 30, 2025, the Company recognized costs to fulfill engineering service contracts eligible for capitalization as other current assets and other noncurrent assets-others which amounted to NT$880 million, NT$1,186 million and NT$862 million, respectively. Subsequently, the Company will expense from costs to fulfill a contract to operating costs when the related obligations are satisfied.
The Company’s employee benefit, depreciation and amortization expenses are summarized as follows:
|
|
For the three-month periods ended June 30, |
||||||||||
|
|
2026 |
|
2025 |
||||||||
|
|
Operating costs |
|
Operating expenses |
|
Total |
|
Operating costs |
|
Operating expenses |
|
Total |
Employee benefit expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Salaries |
|
$7,089,109 |
|
$3,636,490 |
|
$10,725,599 |
|
$6,086,807 |
|
$2,567,773 |
|
$8,654,580 |
Labor and health insurance |
|
324,593 |
|
135,075 |
|
459,668 |
|
312,190 |
|
118,240 |
|
430,430 |
Pension |
|
444,536 |
|
142,446 |
|
586,982 |
|
381,147 |
|
124,762 |
|
505,909 |
Other employee benefit expenses |
|
93,550 |
|
43,257 |
|
136,807 |
|
91,103 |
|
42,630 |
|
133,733 |
Depreciation |
|
14,633,526 |
|
873,037 |
|
15,506,563 |
|
13,068,366 |
|
700,727 |
|
13,769,093 |
Amortization |
|
309,506 |
|
390,203 |
|
699,709 |
|
325,490 |
|
379,897 |
|
705,387 |
44
|
|
For the six-month periods ended June 30, |
||||||||||
|
|
2026 |
|
2025 |
||||||||
|
|
Operating costs |
|
Operating expenses |
|
Total |
|
Operating costs |
|
Operating expenses |
|
Total |
Employee benefit expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Salaries |
|
$13,554,441 |
|
$6,643,090 |
|
$20,197,531 |
|
$11,925,353 |
|
$5,031,688 |
|
$16,957,041 |
Labor and health insurance |
|
655,237 |
|
275,628 |
|
930,865 |
|
643,679 |
|
243,256 |
|
886,935 |
Pension |
|
866,997 |
|
279,445 |
|
1,146,442 |
|
768,675 |
|
251,657 |
|
1,020,332 |
Other employee benefit expenses |
|
183,754 |
|
107,534 |
|
291,288 |
|
165,370 |
|
70,764 |
|
236,134 |
Depreciation |
|
29,019,812 |
|
1,731,017 |
|
30,750,829 |
|
25,807,714 |
|
1,355,487 |
|
27,163,201 |
Amortization |
|
620,566 |
|
790,919 |
|
1,411,485 |
|
641,469 |
|
765,199 |
|
1,406,668 |
According to UMC’s Articles of Incorporation, the employees and directors’ compensation shall be distributed in the following order:
UMC shall allocate no less than 5% of profit as employees’ compensation and no more than 0.2% of profit as directors’ compensation for each profitable fiscal year after offsetting any cumulative losses; no less than 30% of the aforementioned profit as employees’ compensation should be allocated to entry-level employees. The aforementioned employees’ compensation will be distributed in shares or cash. The employees of UMC’s subsidiaries who fulfill specific requirements stipulated by the Board of Directors may be granted such compensation. Directors may only receive compensation in cash. UMC may, by a resolution adopted by a majority vote at a meeting of the Board of Directors attended by two-thirds of the total number of directors, distribute the aforementioned employees and directors’ compensation and report to the shareholders’ meeting for such distribution.
The Company recognized the employees and directors’ compensation in the profit or loss with corresponding other payables during the periods when earned for the six-month periods ended June 30, 2026 and 2025. The Board of Directors estimates the amount by taking into consideration the Articles of Incorporation, government regulations and industry averages. If the Board of Directors resolves to distribute employee compensation through stock, the number of stock distributed is calculated based on total employee compensation divided by the closing price of the day before the Board of Directors’ meeting. If the Board of Directors subsequently modifies the estimates significantly, the Company will recognize the change as an adjustment in the profit or loss in the subsequent period.
45
The distributions of employees and directors’ compensation for 2025 and 2024 were reported to the shareholders’ meeting on May 27, 2026 and May 28, 2025, respectively. The details of distribution were as follows:
|
|
2025 |
|
2024 |
Employees’ compensation – Cash |
|
$3,438,287 |
|
$4,509,603 |
Directors’ compensation |
|
45,000 |
|
45,000 |
The aforementioned 2025 and 2024 employees and directors’ compensation reported during the shareholders’ meeting were consistent with the resolutions of the Board of Directors’ meeting held on February 25, 2026 and February 26, 2025.
Information relevant to the aforementioned employees and directors’ compensation can be obtained from the “Market Observation Post System” on the website of the TWSE.
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Government grants |
|
$565,746 |
|
$406,195 |
Rental income from property, plant and equipment |
|
45,315 |
|
47,519 |
Gain on disposal of property, plant and equipment |
|
25,937 |
|
4,702 |
Others |
|
(104,284) |
|
(49,533) |
Total |
|
$532,714 |
|
$408,883 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Government grants |
|
$1,044,448 |
|
$860,736 |
Rental income from property, plant and equipment |
|
91,812 |
|
94,611 |
Gain on disposal of property, plant and equipment |
|
36,708 |
|
24,331 |
Others |
|
(83,693) |
|
(108,575) |
Total |
|
$1,089,275 |
|
$871,103 |
46
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Gain (loss) on valuation of financial assets and liabilities at fair value through profit or loss |
|
$6,067,021 |
|
$(519,759) |
Others |
|
(12,662) |
|
(1,986) |
Total |
|
$6,054,359 |
|
$(521,745) |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Gain (loss) on valuation of financial assets and liabilities at fair value through profit or loss |
|
$8,193,073 |
|
$(1,084,467) |
Others |
|
(24,452) |
|
(2,000) |
Total |
|
$8,168,621 |
|
$(1,086,467) |
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Interest expenses |
|
|
|
|
Bonds payable |
|
$182,364 |
|
$111,514 |
Bank loans |
|
93,430 |
|
159,458 |
Lease liabilities |
|
45,321 |
|
48,488 |
Others |
|
5,376 |
|
4,713 |
Financial expenses |
|
35,670 |
|
36,182 |
Total |
|
$362,161 |
|
$360,355 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Interest expenses |
|
|
|
|
Bonds payable |
|
$385,797 |
|
$222,036 |
Bank loans |
|
190,971 |
|
379,652 |
Lease liabilities |
|
93,065 |
|
99,119 |
Others |
|
10,728 |
|
9,521 |
Financial expenses |
|
45,961 |
|
49,000 |
Total |
|
$726,522 |
|
$759,328 |
47
|
|
|
||||||||
|
|
For the three-month period ended June 30, 2026 |
||||||||
|
|
Arising during the period |
|
Reclassification adjustments during the period |
|
Other comprehensive income (loss), before tax |
|
Income tax effect |
|
Other comprehensive income (loss), net of tax |
Items that will not be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income |
|
$13,802,024 |
|
$- |
|
$13,802,024 |
|
$(458,282) |
|
$13,343,742 |
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss |
|
17,290,058 |
|
- |
|
17,290,058 |
|
- |
|
17,290,058 |
Items that may be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
Exchange differences on translation of foreign operations |
|
(175,249) |
|
- |
|
(175,249) |
|
(1,837) |
|
(177,086) |
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss |
|
10,342 |
|
(504) |
|
9,838 |
|
396 |
|
10,234 |
Total other comprehensive income (loss) |
|
$30,927,175 |
|
$(504) |
|
$30,926,671 |
|
$(459,723) |
|
$30,466,948 |
|
|
|
||||||||
|
|
For the three-month period ended June 30, 2025 |
||||||||
|
|
Arising during the period |
|
Reclassification adjustments during the period |
|
Other comprehensive income (loss), before tax |
|
Income tax effect |
|
Other comprehensive income (loss), net of tax |
Items that will not be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income |
|
$(717,535) |
|
$- |
|
$(717,535) |
|
$58,734 |
|
$(658,801) |
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss |
|
(19,595) |
|
- |
|
(19,595) |
|
- |
|
(19,595) |
48
|
|
|
||||||||
|
|
For the three-month period ended June 30, 2025 |
||||||||
|
|
Arising during the period |
|
Reclassification adjustments during the period |
|
Other comprehensive income (loss), before tax |
|
Income tax effect |
|
Other comprehensive income (loss), net of tax |
Items that may be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
Exchange differences on translation of foreign operations |
|
$(26,236,576) |
|
$- |
|
$(26,236,576) |
|
$598,786 |
|
$(25,637,790) |
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss |
|
(776,974) |
|
- |
|
(776,974) |
|
18,239 |
|
(758,735) |
Total other comprehensive income (loss) |
|
$(27,750,680) |
|
$- |
|
$(27,750,680) |
|
$675,759 |
|
$(27,074,921) |
|
|
For the six-month period ended June 30, 2026 |
||||||||
|
|
Arising during the period |
|
Reclassification adjustments during the period |
|
Other comprehensive income (loss), before tax |
|
Income tax effect |
|
Other comprehensive income (loss), net of tax |
Items that will not be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income |
|
$15,493,369 |
|
$- |
|
$15,493,369 |
|
$(597,021) |
|
$14,896,348 |
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss |
|
20,893,367 |
|
- |
|
20,893,367 |
|
- |
|
20,893,367 |
Items that may be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
Exchange differences on translation of foreign operations |
|
5,071,396 |
|
- |
|
5,071,396 |
|
(322,062) |
|
4,749,334 |
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss |
|
138,695 |
|
(3,496) |
|
135,199 |
|
(2,260) |
|
132,939 |
Total other comprehensive income (loss) |
|
$41,596,827 |
|
$(3,496) |
|
$41,593,331 |
|
$(921,343) |
|
$40,671,988 |
49
|
|
For the six-month period ended June 30, 2025 |
||||||||
|
|
Arising during the period |
|
Reclassification adjustments during the period |
|
Other comprehensive income (loss), before tax |
|
Income tax effect |
|
Other comprehensive income (loss), net of tax |
Items that will not be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income |
|
$(134,140) |
|
$- |
|
$(134,140) |
|
$56,281 |
|
$(77,859) |
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss |
|
(577,819) |
|
- |
|
(577,819) |
|
- |
|
(577,819) |
Items that may be reclassified subsequently to profit or loss: |
|
|
|
|
|
|
|
|
|
|
Exchange differences on translation of foreign operations |
|
(21,539,923) |
|
- |
|
(21,539,923) |
|
266,586 |
|
(21,273,337) |
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss |
|
(673,246) |
|
8 |
|
(673,238) |
|
16,445 |
|
(656,793) |
Total other comprehensive income (loss) |
|
$(22,925,128) |
|
$8 |
|
$(22,925,120) |
|
$339,312 |
|
$(22,585,808) |
50
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Current income tax expense (benefit): |
|
|
|
|
Current income tax charge |
|
$2,411,751 |
|
$1,223,016 |
Adjustments in respect of current income tax of prior periods |
|
(163,627) |
|
51,002 |
Deferred income tax expense (benefit): |
|
|
|
|
Deferred income tax related to origination and reversal of temporary differences |
|
343,186 |
|
19,056 |
Deferred income tax related to recognition and derecognition of tax losses and unused tax credits |
|
369,897 |
|
50,079 |
Deferred income tax related to changes in tax rates |
|
- |
|
(15,832) |
Adjustment of prior year’s deferred income tax |
|
981 |
|
(21,399) |
Deferred income tax arising from write-down or reversal of write-down of deferred tax assets |
|
118 |
|
74 |
Income tax expense recorded in profit or loss |
|
$2,962,306 |
|
$1,305,996 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Current income tax expense (benefit): |
|
|
|
|
Current income tax charge |
|
$4,326,746 |
|
$2,597,330 |
Adjustments in respect of current income tax of prior periods |
|
(161,728) |
|
58,724 |
Deferred income tax expense (benefit): |
|
|
|
|
Deferred income tax related to origination and reversal of temporary differences |
|
580,100 |
|
252,095 |
Deferred income tax related to recognition and derecognition of tax losses and unused tax credits |
|
708,752 |
|
53,589 |
Deferred income tax related to changes in tax rates |
|
(1,946,754) |
|
(15,832) |
Adjustment of prior year’s deferred income tax |
|
(4,073) |
|
(22,080) |
Deferred income tax arising from write-down or reversal of write-down of deferred tax assets |
|
(13,891) |
|
(14,498) |
Income tax expense recorded in profit or loss |
|
$3,489,152 |
|
$2,909,328 |
51
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income |
|
$(458,282) |
|
$58,734 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income |
|
$(597,021) |
|
$56,281 |
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Exchange differences on translation of foreign operations |
|
$(1,837) |
|
$598,786 |
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss |
|
396 |
|
18,239 |
Income tax related to items that may be reclassified subsequently to profit or loss |
|
$(1,441) |
|
$617,025 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Exchange differences on translation of foreign operations |
|
$(322,062) |
|
$266,586 |
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss |
|
(2,260) |
|
16,445 |
Income tax related to items that may be reclassified subsequently to profit or loss |
|
$(324,322) |
|
$283,031 |
52
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Net income attributable to the parent company |
|
$42,259,962 |
|
$8,902,530 |
Weighted-average number of ordinary shares for basic earnings per share (thousand shares) |
|
12,475,080 |
|
12,484,877 |
Earnings per share-basic (NTD) |
|
$3.39 |
|
$0.71 |
53
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Net income attributable to the parent company |
|
$58,431,436 |
|
$16,679,271 |
Weighted-average number of ordinary shares for basic earnings per share (thousand shares) |
|
12,483,099 |
|
12,484,830 |
Earnings per share-basic (NTD) |
|
$4.68 |
|
$1.34 |
b. Earnings per share-diluted
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Net income attributable to the parent company |
|
$42,259,962 |
|
$8,902,530 |
Weighted-average number of ordinary shares for basic earnings per share (thousand shares) |
|
12,475,080 |
|
12,484,877 |
Effect of dilution |
|
|
|
|
Restricted stocks for employees |
|
54,728 |
|
27,252 |
Employees’ compensation |
|
11,845 |
|
21,953 |
Weighted-average number of ordinary shares after dilution (thousand shares) |
|
12,541,653 |
|
12,534,082 |
Earnings per share-diluted (NTD) |
|
$3.37 |
|
$0.71 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Net income attributable to the parent company |
|
$58,431,436 |
|
$16,679,271 |
Weighted-average number of ordinary shares for basic earnings per share (thousand shares) |
|
12,483,099 |
|
12,484,830 |
Effect of dilution |
|
|
|
|
Restricted stocks for employees |
|
50,834 |
|
27,732 |
Employees’ compensation |
|
27,323 |
|
54,175 |
Weighted-average number of ordinary shares after dilution (thousand shares) |
|
12,561,256 |
|
12,566,737 |
Earnings per share-diluted (NTD) |
|
$4.65 |
|
$1.33 |
54
For the six-month period ended June 30, 2026:
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
Non-cash changes |
|
|
||
Items |
|
As of January 1, 2026 |
|
Cash Flows |
|
Foreign exchange |
|
Others (Note A) |
|
As of June 30, 2026 |
Short-term loans |
|
$8,408,772 |
|
$(5,602,160) |
|
$371 |
|
$- |
|
$2,806,983 |
Bonds payable (current portion included) |
|
50,228,305 |
|
(5,505,410) |
|
- |
|
(5,082,575) (Note B) |
|
39,640,320 |
Long-term loans (current portion included) |
|
14,331,790 |
|
668,591 |
|
84,881 |
|
- |
|
15,085,262 |
Lease liabilities |
|
6,000,846 |
|
(420,478) |
|
42,394 |
|
294,554 (Note C) |
|
5,917,316 |
Guarantee deposits (current portion included) |
|
40,867,857 |
|
(510,148) |
|
316,543 |
|
- |
|
40,674,252 (Note D) |
For the six-month period ended June 30, 2025:
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
Non-cash changes |
|
|
||
Items |
|
As of January 1, 2025 |
|
Cash Flows |
|
Foreign exchange |
|
Others (Note A) |
|
As of June 30, 2025 |
Short-term loans |
|
$8,515,000 |
|
$(1,991,000) |
|
$- |
|
$- |
|
$6,524,000 |
Bonds payable (current portion included) |
|
30,051,568 |
|
5,200,000 |
|
- |
|
91,913 |
|
35,343,481 |
Long-term loans (current portion included) |
|
36,476,909 |
|
(14,793,750) |
|
(648,154) |
|
- |
|
21,035,005 |
Lease liabilities |
|
6,419,016 |
|
(410,117) |
|
(216,330) |
|
199,061 (Note C) |
|
5,991,630 |
Guarantee deposits (current portion included) |
|
42,874,494 |
|
(637,986) |
|
(2,865,198) |
|
- |
|
39,371,310 (Note D) |
55
In addition to those disclosed in other notes, the following is a summary of transactions between the Company and related parties during the financial reporting periods:
Name of related parties |
|
Relationship with the Company |
FARADAY TECHNOLOGY CORP. and its Subsidiaries |
|
Associate |
UNIMICRON TECHNOLOGY CORP. and its Subsidiaries |
|
Associate |
SILICON INTEGRATED SYSTEMS CORP. and its Subsidiaries |
|
Associate |
YANN YUAN INVESTMENT CO., LTD. |
|
Associate |
HSUN CHIEH INVESTMENT CO., LTD. |
|
Associate |
TRANSLINK CAPITAL PARTNERS I, L.P. |
|
Associate (Note A) |
PURIUMFIL INC. |
|
Associate (Note B) |
PHOTRONICS DNP MASK CORPORATION |
|
Other related party (Note C) |
56
Operating revenues
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Associates |
|
$2,138,593 |
|
$1,224,314 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Associates |
|
$3,772,232 |
|
$1,898,469 |
Accounts receivable, net
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Associates |
|
|
|
|
|
|
FARADAY TECHNOLOGY CORP. and its Subsidiaries |
|
|
|
|
|
|
FARADAY TECHNOLOGY CORP. |
|
$670,556 |
|
$336,736 |
|
$438,502 |
ARTERY TECHNOLOGY CORPORATION, LTD. |
|
208,672 |
|
76,840 |
|
135,349 |
ARTERY TECHOLOGY COMPANY |
|
185,696 |
|
- |
|
134 |
Others |
|
- |
|
15,943 |
|
- |
Other associates |
|
202,559 |
|
72,630 |
|
65,670 |
Total |
|
$1,267,483 |
|
$502,149 |
|
$639,655 |
The sales price to the above related parties was determined through mutual agreement in reference to market conditions. The collection periods for domestic sales to related parties were month-end 30 - 60 days, while the collection periods for overseas sales were month-end 30 - 60 days or net 30 - 60 days.
57
Acquisition of investments accounted for under the equity method
For the three-month periods ended June 30, 2026 and 2025: None.
|
|
Transaction underlying |
|
Trading Volume (In thousands of shares) |
|
For the six-month period ended June 30, 2026 |
|
|
|
|
Purchase price |
||
Associates |
|
Stock of UNIMICRON |
|
5,546 |
|
$643,299 |
Please refer to Note 6(7) for the relevant information.
For the six-month period ended June 30, 2025: None.
Acquisition of intangible assets
|
|
Purchase price |
||
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
FARADAY TECHNOLOGY CORP. |
|
$195,961 |
|
$90,863 |
|
|
Purchase price |
||
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
FARADAY TECHNOLOGY CORP. |
|
$225,842 |
|
$107,697 |
Mask expenditure
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Other related party |
|
$- |
|
$521,174 |
58
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Other related party |
|
$590,802 |
|
$1,212,572 |
Other payables of mask expenditure
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Other related party |
|
$- |
|
$780,692 |
|
$602,848 |
Cash dividends from investments accounted for under the equity method
Cash dividends from associates for the six-month periods ended June 30, 2026 and 2025 were NT$263 million and NT$248 million, respectively.
As of June 30, 2026, December 31, 2025 and June 30, 2025, cash dividends of NT$65 million, NT$619 million and NT$108 million, respectively, have not yet been received and were accounted for as other receivables.
|
|
For the three-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Short-term employee benefits |
|
$168,856 |
|
$106,680 |
Post-employment benefits |
|
644 |
|
578 |
Share-based payment |
|
84,104 |
|
81,534 |
Others |
|
94 |
|
87 |
Total |
|
$253,698 |
|
$188,879 |
|
|
For the six-month periods ended June 30, |
||
|
|
2026 |
|
2025 |
Short-term employee benefits |
|
$726,345 |
|
$546,079 |
Post-employment benefits |
|
10,761 |
|
1,202 |
Share-based payment |
|
167,268 |
|
163,081 |
Others |
|
186 |
|
178 |
Total |
|
$904,560 |
|
$710,540 |
59
The following table lists assets of the Company pledged as collateral:
|
|
|
|
|
|
|
||||||||
|
|
Carrying Amount |
|
|
|
|
||||||||
|
|
As of |
|
|
|
|
||||||||
Items |
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
|
Party to which asset(s) was pledged |
|
Purpose of pledge |
||||
Refundable Deposits (Time deposit) |
|
$1,016,774 |
|
$1,013,289 |
|
$1,011,903 |
|
Customs |
|
Customs duty guarantee |
||||
Refundable Deposits (Time deposit) |
|
248,061 |
|
248,061 |
|
237,051 |
|
Science Park Bureau |
|
Collateral for land lease |
||||
Refundable Deposits (Time deposit) |
|
18,647 |
|
18,647 |
|
18,647 |
|
Science Park Bureau |
|
Collateral for dormitory lease |
||||
Refundable Deposits (Time deposit) |
|
25,589 |
|
25,589 |
|
64,950 |
|
National Property Administration, Ministry of Finance |
|
Guarantee for the application of national non-public use land for development |
||||
Refundable Deposits (Time deposit) |
|
4,516 |
|
- |
|
- |
|
Bureau of Land Administration, Tainan City Government |
|
Guarantee for the application of national non-public use land for development |
||||
Refundable Deposits (Time deposit) |
|
39,533 |
|
39,533 |
|
46,533 |
|
Liquefied Natural Gas Business Division, CPC Corporation, Taiwan |
|
Energy resources guarantee |
||||
Refundable Deposits (Time deposit) |
|
222,530 |
|
219,450 |
|
204,610 |
|
CTBC Bank Singapore Branch |
|
Collateral for letter of credit |
||||
Buildings |
|
65,452 |
|
69,303 |
|
3,882,123 |
|
Yuanta Commercial Bank, Taiwan Cooperative Bank and Secured Syndicated Loans from China Development Bank and 6 others |
|
Collateral for long-term loans |
||||
Machinery and equipment |
|
386,752 |
|
501,090 |
|
2,803,080 |
|
Taiwan Cooperative Bank, Mega International Commercial Bank, First Commercial Bank, Shanghai Commercial Bank, CTBC Bank, KGI Bank and Secured Syndicated Loans from China Development Bank and 6 others |
|
Collateral for long-term loans |
||||
Right-of-use assets |
|
- |
|
- |
|
242,629 |
|
Secured Syndicated Loans from China Development Bank and 6 others |
|
Collateral for long-term loans |
||||
Total |
|
$2,027,854 |
|
$2,134,962 |
|
$8,511,526 |
|
|
|
|
||||
60
None.
None.
61
|
|
As of |
||||
Financial Assets |
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Financial assets at fair value through profit or loss |
|
$27,672,121 |
|
$18,153,916 |
|
$17,318,943 |
Financial assets at fair value through other comprehensive income |
|
23,249,916 |
|
13,774,749 |
|
16,914,528 |
Financial assets measured at amortized cost |
|
|
|
|
|
|
Cash and cash equivalents (cash on hand excluded) |
|
124,699,752 |
|
110,653,397 |
|
111,987,253 |
Receivables |
|
40,355,190 |
|
33,731,393 |
|
33,936,793 |
Refundable deposits |
|
1,683,944 |
|
1,643,661 |
|
1,660,450 |
Other financial assets |
|
22,135,867 |
|
12,506,177 |
|
4,698,543 |
Total |
|
$239,796,790 |
|
$190,463,293 |
|
$186,516,510 |
|
|
|
|
|
|
|
Financial Liabilities |
|
|
|
|
|
|
Financial liabilities at fair value through profit or loss |
|
$12,801 |
|
$57,163 |
|
$1,082,329 |
Financial liabilities measured at amortized cost |
|
|
|
|
|
|
Short-term loans |
|
2,806,983 |
|
8,408,772 |
|
6,524,000 |
Payables |
|
75,447,957 |
|
45,297,553 |
|
75,691,792 |
Bonds payable (current portion included) |
|
39,640,320 |
|
50,228,305 |
|
35,343,481 |
Long-term loans (current portion included) |
|
15,085,262 |
|
14,331,790 |
|
21,035,005 |
Lease liabilities |
|
5,917,316 |
|
6,000,846 |
|
5,991,630 |
Guarantee deposits (current portion included) |
|
40,674,252 |
|
40,867,857 |
|
39,371,310 |
Total |
|
$179,584,891 |
|
$165,192,286 |
|
$185,039,547 |
62
The Company’s risk management objectives are to manage the market risk, credit risk and liquidity risk related to its operating activities. The Company identifies, measures and manages the aforementioned risks based on policy and risk preference.
The Company has established appropriate policies, procedures and internal controls for financial risk management. Before entering into significant financial activities, approval process by the Board of Directors and Audit Committee must be carried out based on related protocols and internal control procedures. The Company complies with its financial risk management policies at all times.
Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks comprise currency risk, interest rate risk and other price risk (such as equity price risk).
Foreign currency risk
The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s operating activities (when revenue or expense is denominated in a different currency from the Company’s functional currency) and the Company’s net investments in foreign subsidiaries.
The Company applies natural hedges on the foreign currency risk arising from purchases or sales, and utilizes spot or forward exchange contracts to manage foreign currency risk and the net effect of the risks related to monetary financial assets and liabilities is minor. The notional amounts of the foreign currency contracts are the same as the amount of the hedged items. In principle, the Company does not carry out any forward exchange contracts for uncertain commitments. Furthermore, as net investments in foreign subsidiaries are for strategic purposes, they are not hedged by the Company.
The foreign currency sensitivity analysis of the possible change in foreign exchange rates on the Company’s profit is performed on significant monetary items denominated in foreign currencies as of the end of the reporting period. When NTD strengthens/weakens against USD by 10%, the profit for the six-month periods ended June 30, 2026 and 2025 decreases/increases by NT$1,730 million and NT$427 million, respectively. When RMB strengthens/weakens against USD by 10%, the profit for the six-month periods ended June 30, 2026 and 2025 decreases/increases by NT$211 million and NT$608 million, respectively. When JPY strengthens/weakens against USD by 10%, the profit for the six-month periods ended June 30, 2026 and 2025 decreases/increases by NT$112 million and NT$162 million, respectively.
63
Interest rate risk
The Company is exposed to interest rate risk arising from borrowing at floating interest rates. All of the Company’s bonds have fixed interest rates and are measured at amortized cost. As such, changes in interest rates would not affect the future cash flows. On the other hand, as the interest rates of the Company’s short-term and long-term bank loans are floating, changes in interest rates would affect the future cash flows but not the fair value. Please refer to Note 6(11), (13) and (14) for the range of interest rates of the Company’s bonds and bank loans.
At the reporting dates, a change of 10 basis points of interest rate in a reporting period could cause the profit for the six-month periods ended June 30, 2026 and 2025 to decrease/increase by NT$9 million and NT$14 million, respectively.
Equity price risk
The Company’s listed and unlisted equity securities, investments in convertible bonds and exchange right of the exchangeable bonds issued are susceptible to market price risk arising from uncertainties about future performance of equity markets. The Company’s equity investments are classified as financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income, the investments in convertible bonds which contain the right of conversion to equity instruments are classified as financial assets at fair value through profit or loss, and the exchange right of the exchangeable bonds issued is classified as financial liabilities at fair value through profit or loss as it does not satisfy the definition of an equity component. Please refer to Note 6(2), (3) and (12) for the relevant information.
The sensitivity analysis for the equity instruments is based on the change in fair value as of the reporting date. A change of 5% in the price of the aforementioned financial assets at fair value through profit or loss of listed companies could increase/decrease the Company’s profit for the six-month periods ended June 30, 2026 and 2025 by NT$583 million and NT$237 million, respectively. A change of 5% in the price of the aforementioned financial assets at fair value through other comprehensive income of listed companies could increase/decrease the Company’s other comprehensive income (loss) for the six-month periods ended June 30, 2026 and 2025 by NT$814 million and NT$688 million, respectively.
Please refer to Note 12(7) for sensitivity analysis information of other equity instruments or derivatives that are linked to such equity instruments whose fair value measurement is categorized under Level 3.
64
The Company only trades with approved and creditworthy third parties. Where the Company trades with third parties which have less credit, it will request collateral from them. It is the Company’s policy that all customers who wish to trade on credit terms are subject to credit verification procedures. In addition, notes and accounts receivable balances are monitored on an ongoing basis to decrease the Company’s exposure to credit risk.
The Company mitigates the credit risks from financial institutions by limiting its counter parties to only reputable domestic or international financial institutions with good credit standing and spreading its holdings among various financial institutions. The Company’s exposure to credit risk arising from the default of counter-parties is limited to the carrying amount of these instruments.
As of June 30, 2026, December 31, 2025 and June 30, 2025, accounts receivable from the top ten customers represent 57%, 61% and 63% of the total accounts receivable of the Company, respectively. The credit concentration risk of other accounts receivable is insignificant.
The Company’s objectives are to maintain a balance between continuity of funding and flexibility through the use of cash and cash equivalents, bank loans, bonds and lease.
The table below summarizes the maturity profile of the Company’s financial liabilities based on the contractual undiscounted payments and contractual maturity:
|
|
As of June 30, 2026 |
||||||||
|
|
Less than 1 year |
|
2 to 3 years |
|
4 to 5 years |
|
> 5 years |
|
Total |
Non-derivative financial liabilities |
|
|
|
|
|
|
|
|
|
|
Short-term loans |
|
$2,842,109 |
|
$- |
|
$- |
|
$- |
|
$2,842,109 |
Payables |
|
75,107,403 |
|
- |
|
- |
|
- |
|
75,107,403 |
Bonds payable |
|
6,451,322 |
|
25,085,578 |
|
9,984,261 |
|
- |
|
41,521,161 |
Long-term loans |
|
3,891,182 |
|
9,440,611 |
|
2,560,287 |
|
1,304 |
|
15,893,384 |
Lease liabilities |
|
817,570 |
|
1,533,671 |
|
1,381,672 |
|
3,799,388 |
|
7,532,301 |
Guarantee deposits |
|
629,206 |
|
19,081,785 |
|
18,178,491 |
|
2,784,770 |
|
40,674,252 |
Total |
|
$89,738,792 |
|
$55,141,645 |
|
$32,104,711 |
|
$6,585,462 |
|
$183,570,610 |
65
|
|
As of June 30, 2026 |
||||||||
|
|
Less than 1 year |
|
2 to 3 years |
|
4 to 5 years |
|
> 5 years |
|
Total |
Derivative financial liabilities |
|
|
|
|
|
|
|
|
|
|
Forward exchange contracts |
|
|
|
|
|
|
|
|
|
|
Gross settlement -inflow |
|
$95,784 |
|
$- |
|
$- |
|
$- |
|
$95,784 |
Gross settlement -outflow |
|
(95,946) |
|
- |
|
- |
|
- |
|
(95,946) |
Net settlement -outflow |
|
(12,639) |
|
- |
|
- |
|
- |
|
(12,639) |
Total |
|
$(12,801) |
|
$- |
|
$- |
|
$- |
|
$(12,801) |
|
|
As of December 31, 2025 |
||||||||
|
|
Less than 1 year |
|
2 to 3 years |
|
4 to 5 years |
|
> 5 years |
|
Total |
Non-derivative financial liabilities |
|
|
|
|
|
|
|
|
|
|
Short-term loans |
|
$8,589,773 |
|
$- |
|
$- |
|
$- |
|
$8,589,773 |
Payables |
|
45,055,193 |
|
- |
|
- |
|
- |
|
45,055,193 |
Bonds payable |
|
17,033,209 |
|
25,278,203 |
|
7,958,238 |
|
2,104,403 |
|
52,374,053 |
Long-term loans |
|
3,319,372 |
|
8,227,746 |
|
3,612,205 |
|
24,510 |
|
15,183,833 |
Lease liabilities |
|
805,290 |
|
1,470,303 |
|
1,434,794 |
|
3,970,634 |
|
7,681,021 |
Guarantee deposits |
|
1,061,929 |
|
19,143,652 |
|
13,847,566 |
|
6,814,710 |
|
40,867,857 |
Total |
|
$75,864,766 |
|
$54,119,904 |
|
$26,852,803 |
|
$12,914,257 |
|
$169,751,730 |
Derivative financial liabilities |
|
|
|
|
|
|
|
|
|
|
Forward exchange contracts |
|
|
|
|
|
|
|
|
|
|
Net settlement -outflow |
|
$(2,512) |
|
$- |
|
$- |
|
$- |
|
$(2,512) |
66
|
|
As of June 30, 2025 |
||||||||
|
|
Less than 1 year |
|
2 to 3 years |
|
4 to 5 years |
|
> 5 years |
|
Total |
Non-derivative financial liabilities |
|
|
|
|
|
|
|
|
|
|
Short-term loans |
|
$6,649,869 |
|
$- |
|
$- |
|
$- |
|
$6,649,869 |
Payables |
|
75,503,162 |
|
- |
|
- |
|
- |
|
75,503,162 |
Bonds payable |
|
6,006,221 |
|
13,352,158 |
|
15,465,681 |
|
2,111,543 |
|
36,935,603 |
Long-term loans |
|
4,143,277 |
|
8,931,923 |
|
8,080,190 |
|
1,382,013 |
|
22,537,403 |
Lease liabilities |
|
788,213 |
|
1,423,813 |
|
1,379,884 |
|
4,055,685 |
|
7,647,595 |
Guarantee deposits |
|
232,665 |
|
4,133,374 |
|
29,487,266 |
|
5,518,005 |
|
39,371,310 |
Total |
|
$93,323,407 |
|
$27,841,268 |
|
$54,413,021 |
|
$13,067,246 |
|
$188,644,942 |
The Company entered into forward exchange contracts for hedging the exchange rate risk arising from the net monetary assets or liabilities denominated in foreign currency. The details of forward exchange contracts entered into by the Company are summarized as follows:
As of June 30, 2026
Type |
|
Notional Amount |
|
Contract Period |
Forward exchange contracts |
|
Sell USD 97 million |
|
June 5, 2026 – July 29, 2026 |
As of December 31, 2025
Type |
|
Notional Amount |
|
Contract Period |
Forward exchange contracts |
|
Sell USD 22 million |
|
December 8, 2025 – January 23, 2026 |
As of June 30, 2025
Type |
|
Notional Amount |
|
Contract Period |
Forward exchange contracts |
|
Sell USD 8 million |
|
June 18, 2025 – July 9, 2025 |
67
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability.
The principal or the most advantageous market must be accessible by the Company.
The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest.
A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.
The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.
All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:
Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities,
Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable,
Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.
For assets and liabilities that are recognized in the financial statements on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.
68
|
|
As of June 30, 2026 |
||||||
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial assets: |
|
|
|
|
|
|
|
|
Financial assets at fair value through profit or loss, current |
|
$524,380 |
|
$720 |
|
$24,420 |
|
$549,520 |
Financial assets at fair value through profit or loss, noncurrent |
|
12,443,750 |
|
24,600 |
|
14,654,251 |
|
27,122,601 |
Financial assets at fair value through other comprehensive income, current |
|
- |
|
- |
|
- |
|
- |
Financial assets at fair value through other comprehensive income, noncurrent |
|
16,288,130 |
|
- |
|
6,961,786 |
|
23,249,916 |
Financial liabilities: |
|
|
|
|
|
|
|
|
Financial liabilities at fair value through profit or loss, current |
|
- |
|
12,801 |
|
- |
|
12,801 |
|
|
As of December 31, 2025 |
||||||
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial assets: |
|
|
|
|
|
|
|
|
Financial assets at fair value through profit or loss, current |
|
$468,010 |
|
$1,859 |
|
$98,652 |
|
$568,521 |
Financial assets at fair value through profit or loss, noncurrent |
|
5,838,381 |
|
20,600 |
|
11,726,414 |
|
17,585,395 |
Financial assets at fair value through other comprehensive income, current |
|
4,630,441 |
|
- |
|
- |
|
4,630,441 |
Financial assets at fair value through other comprehensive income, noncurrent |
|
5,990,762 |
|
- |
|
3,153,546 |
|
9,144,308 |
Financial liabilities: |
|
|
|
|
|
|
|
|
Financial liabilities at fair value through profit or loss, current |
|
- |
|
2,512 |
|
54,651 |
|
57,163 |
69
|
|
As of June 30, 2025 |
||||||
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Financial assets: |
|
|
|
|
|
|
|
|
Financial assets at fair value through profit or loss, current |
|
$533,947 |
|
$2,062 |
|
$28,680 |
|
$564,689 |
Financial assets at fair value through profit or loss, noncurrent |
|
5,606,609 |
|
18,800 |
|
11,128,845 |
|
16,754,254 |
Financial assets at fair value through other comprehensive income, current |
|
6,398,188 |
|
- |
|
- |
|
6,398,188 |
Financial assets at fair value through other comprehensive income, noncurrent |
|
7,371,417 |
|
- |
|
3,144,923 |
|
10,516,340 |
Financial liabilities: |
|
|
|
|
|
|
|
|
Financial liabilities at fair value through profit or loss, current |
|
- |
|
- |
|
1,082,329 |
|
1,082,329 |
Fair values of financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income that are categorized into Level 1 are based on the quoted market prices in active markets. If there is no active market, the Company estimates the fair value by using the valuation techniques (income approach and market approach) in consideration of cash flow forecast, recent fund raising activities, valuation of similar companies, individual company’s development, market conditions and other economic indicators.
If there are restrictions on the sale or transfer of a financial asset, which are a characteristic of the asset, the fair value of the asset will be determined based on similar but unrestricted financial assets’ quoted market price with appropriate discounts for the restrictions. To measure fair values, if the lowest level input that is significant to the fair value measurement is directly or indirectly observable, then the financial assets are classified as Level 2 of the fair value hierarchy, otherwise as Level 3.
During the six-month periods ended June 30, 2026 and 2025, there were no transfers between Level 1 and Level 2 fair value measurements.
70
Reconciliation for fair value measurement in Level 3 fair value hierarchy were as follows:
|
|
Financial assets at fair value through profit or loss |
|
Financial assets at fair value through other comprehensive income |
||||||||||||||
|
|
Common stock |
|
Preferred stock |
|
Funds |
|
Convertible bonds |
|
Others |
|
Total |
|
Common stock |
|
Preferred stock |
|
Total |
As of January 1, 2026 |
|
$3,000,137 |
|
$3,841,074 |
|
$4,812,543 |
|
$98,652 |
|
$72,660 |
|
$11,825,066 |
|
$2,950,738 |
|
$202,808 |
|
$3,153,546 |
Recognized in profit (loss) |
|
986,374 |
|
557,189 |
|
413,383 |
|
(11,532) |
|
835 |
|
1,946,249 |
|
- |
|
- |
|
- |
Recognized in other comprehensive income (loss) |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
3,803,785 |
|
4,455 |
|
3,808,240 |
Acquisition |
|
313,617 |
|
809,724 |
|
250,652 |
|
94,827 |
|
47,730 |
|
1,516,550 |
|
- |
|
- |
|
- |
Disposal |
|
(66,494) |
|
(146) |
|
- |
|
(158,045) |
|
- |
|
(224,685) |
|
- |
|
- |
|
- |
Return of capital |
|
- |
|
- |
|
(59,688) |
|
- |
|
- |
|
(59,688) |
|
- |
|
- |
|
- |
Transfer out of Level 3 |
|
(398,850) |
|
- |
|
- |
|
- |
|
- |
|
(398,850) |
|
- |
|
- |
|
- |
Exchange effect |
|
6,220 |
|
31,863 |
|
35,288 |
|
518 |
|
140 |
|
74,029 |
|
- |
|
- |
|
- |
As of June 30, 2026 |
|
$3,841,004 |
|
$5,239,704 |
|
$5,452,178 |
|
$24,420 |
|
$121,365 |
|
$14,678,671 |
|
$6,754,523 |
|
$207,263 |
|
$6,961,786 |
|
|
Financial liabilities at fair value through profit or loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives |
|
|
|
|
|
|
|
|
|
|
|
|
As of January 1, 2026 |
|
$54,651 |
|
|
|
|
|
|
|
|
|
|
|
|
Recognized in loss (profit) |
|
773,016 |
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of the exchange right |
|
(827,667) |
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
$- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets at fair value through profit or loss |
|
Financial assets at fair value through other comprehensive income |
||||||||||||||
|
|
Common stock |
|
Preferred stock |
|
Funds |
|
Convertible bonds |
|
Others |
|
Total |
|
Common stock |
|
Preferred stock |
|
Total |
As of January 1, 2025 |
|
$3,008,183 |
|
$3,403,933 |
|
$5,596,447 |
|
$54,766 |
|
$65,460 |
|
$12,128,789 |
|
$3,231,518 |
|
$204,880 |
|
$3,436,398 |
Recognized in profit (loss) |
|
237,560 |
|
(28,878) |
|
(811,954) |
|
(4,207) |
|
(7,000) |
|
(614,479) |
|
- |
|
- |
|
- |
Recognized in other comprehensive income (loss) |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
(112,419) |
|
(18,397) |
|
(130,816) |
Acquisition |
|
93,440 |
|
95,547 |
|
220,588 |
|
30,976 |
|
- |
|
440,551 |
|
- |
|
- |
|
- |
Disposal |
|
(5,690) |
|
(1,539) |
|
(62,531) |
|
(30,976) |
|
- |
|
(100,736) |
|
- |
|
- |
|
- |
Return of capital |
|
- |
|
- |
|
(2,261) |
|
- |
|
- |
|
(2,261) |
|
(160,659) |
|
- |
|
(160,659) |
Transfer out of Level 3 |
|
(159,660) |
|
- |
|
- |
|
- |
|
- |
|
(159,660) |
|
- |
|
- |
|
- |
Exchange effect |
|
(72,343) |
|
(192,970) |
|
(266,979) |
|
(2,387) |
|
- |
|
(534,679) |
|
- |
|
- |
|
- |
As of June 30, 2025 |
|
$3,101,490 |
|
$3,276,093 |
|
$4,673,310 |
|
$48,172 |
|
$58,460 |
|
$11,157,525 |
|
$2,958,440 |
|
$186,483 |
|
$3,144,923 |
71
|
|
Financial liabilities at fair value through profit or loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives |
|
|
|
|
|
|
|
|
|
|
|
|
As of January 1, 2025 |
|
$899,961 |
|
|
|
|
|
|
|
|
|
|
|
|
Recognized in loss (profit) |
|
182,368 |
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2025 |
|
$1,082,329 |
|
|
|
|
|
|
|
|
|
|
|
|
The total profit (loss) of NT$1,972 million and NT$(585) million for the six-month periods ended June 30, 2026 and 2025, were included in profit or loss that is attributable to the change in unrealized gains or losses relating to those financial assets without quoted market prices held at the end of the reporting period.
The total profit (loss) of nil and NT$(182) million for the six-month periods ended June 30, 2026 and 2025, were included in profit or loss that is attributable to the change in unrealized gains or losses relating to those financial liabilities without quoted market prices held at the end of the reporting period.
The Company’s policy to recognize the transfer into and out of fair value hierarchy levels is based on the event or changes in circumstances that caused the transfer.
Significant unobservable inputs of fair value measurement in Level 3 fair value hierarchy were as follows:
As of June 30, 2026 |
||||||||||
Category |
|
Valuation technique |
|
Significant unobservable inputs |
|
Quantitative information |
|
Interrelationship between inputs and fair value |
|
Sensitivity analysis of interrelationship between inputs and fair value |
Unlisted stock |
|
Market approach |
|
Discount for lack of marketability |
|
0% - 80% |
|
The greater degree of lack of marketability, the lower the estimated fair value is determined. |
|
A change of 5% in the discount for lack of marketability of the aforementioned fair values of unlisted stocks could decrease/increase the Company’s profit (loss) for the six-month period ended June 30, 2026 by NT$463 million and NT$367 million, respectively, and decrease/increase the Company’s other comprehensive income (loss) for the six-month period ended June 30, 2026 by NT$513 million. |
Fund |
|
Net asset value approach |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
72
As of June 30, 2025 |
||||||||||
Category |
|
Valuation technique |
|
Significant unobservable inputs |
|
Quantitative information |
|
Interrelationship between inputs and fair value |
|
Sensitivity analysis of interrelationship between inputs and fair value |
Unlisted stock |
|
Market approach |
|
Discount for lack of marketability |
|
0% - 50% |
|
The greater degree of lack of marketability, the lower the estimated fair value is determined. |
|
A change of 5% in the discount for lack of marketability of the aforementioned fair values of unlisted stocks could decrease/increase the Company’s profit (loss) for the six-month period ended June 30, 2025 by NT$341 million and NT$283 million, respectively, and decrease/increase the Company’s other comprehensive income (loss) for the six-month period ended June 30, 2025 by NT$227 million. |
Fund |
|
Net asset value approach |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
Convertible bonds |
|
Binomial tree valuation model |
|
Volatility |
|
58.84% |
|
The higher the volatility, the higher the estimated fair value is determined. |
|
A change of 5% in the volatility could increase/decrease the Company’s profit (loss) for the six-month period ended June 30, 2025 by NT$0.05 million. |
Embedded derivatives in exchangeable bonds |
|
Binomial tree valuation model |
|
Volatility |
|
28.05% |
|
The higher the volatility, the higher the estimated fair value is determined. |
|
A change of 5% in the volatility could decrease/increase the Company’s profit (loss) for the six-month period ended June 30, 2025 by NT$81 million and NT$89 million, respectively. |
73
The fair value of bonds payable is estimated by the market price or using a valuation model. The model uses market-based observable inputs including share price, exchange price, volatility, risk-free interest rates and risk discount rates. The fair value of long-term loans is determined using discounted cash flow model, based on the Company’s current incremental borrowing rates of similar loans.
The fair values of the Company’s cash and cash equivalents, receivables, refundable deposits, other financial assets, short-term loans, payables and guarantee deposits approximate their carrying amount.
As of June 30, 2026
|
|
|
|
Fair value measurements during reporting period using |
|
|
||||
Items |
|
Fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Carrying amount |
Bonds payable (current portion included) |
|
$39,582,222 |
|
$39,017,206 |
|
$565,016 |
|
$- |
|
$39,640,320 |
Long-term loans (current portion included) |
|
15,085,262 |
|
- |
|
15,085,262 |
|
- |
|
15,085,262 |
As of December 31, 2025
|
|
|
|
Fair value measurements during reporting period using |
|
|
||||
Items |
|
Fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Carrying amount |
Bonds payable (current portion included) |
|
$50,253,543 |
|
$44,541,910 |
|
$5,711,633 |
|
$- |
|
$50,228,305 |
Long-term loans (current portion included) |
|
14,331,790 |
|
- |
|
14,331,790 |
|
- |
|
14,331,790 |
As of June 30, 2025
|
|
|
|
Fair value measurements during reporting period using |
|
|
||||
Items |
|
Fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Carrying amount |
Bonds payables (current portion included) |
|
$35,327,319 |
|
$29,667,367 |
|
$5,659,952 |
|
$- |
|
$35,343,481 |
Long-term loans (current portion included) |
|
21,035,005 |
|
- |
|
21,035,005 |
|
- |
|
21,035,005 |
74
The following information was summarized by the foreign currencies other than the functional currency of the Company. The exchange rates disclosed were used to translate the foreign currencies into the functional currency. The significant financial assets and liabilities denominated in foreign currencies were as follows:
|
As of |
||||||||||
|
June 30, 2026 |
|
December 31, 2025 |
||||||||
|
Foreign Currency (thousand) |
|
Exchange Rate |
|
NTD (thousand) |
|
Foreign Currency (thousand) |
|
Exchange Rate |
|
NTD (thousand) |
Financial Assets |
|
|
|
|
|
|
|
|
|
|
|
Monetary items |
|
|
|
|
|
|
|
|
|
|
|
USD:NTD |
$1,333,794 |
|
31.79 |
|
$42,401,319 |
|
$1,006,030 |
|
31.35 |
|
$31,539,035 |
SGD:USD |
287,780 |
|
0.7713 |
|
7,056,371 |
|
208,988 |
|
0.7764 |
|
5,086,811 |
JPY:USD |
1,480,065 |
|
0.0061 |
|
287,723 |
|
4,852,832 |
|
0.0063 |
|
958,459 |
USD:JPY |
89,644 |
|
162.45 |
|
2,830,987 |
|
121,249 |
|
156.54 |
|
3,769,498 |
USD:RMB |
104,495 |
|
6.8109 |
|
3,319,389 |
|
93,934 |
|
7.0288 |
|
2,948,653 |
Non-Monetary items |
|
|
|
|
|
|
|
|
|
|
|
USD:NTD |
279,222 |
|
31.79 |
|
8,876,458 |
|
179,988 |
|
31.35 |
|
5,642,615 |
Financial Liabilities |
|
|
|
|
|
|
|
|
|
|
|
Monetary items |
|
|
|
|
|
|
|
|
|
|
|
USD:NTD |
787,082 |
|
31.89 |
|
25,100,033 |
|
833,119 |
|
31.45 |
|
26,201,605 |
SGD:USD |
178,358 |
|
0.7745 |
|
4,405,442 |
|
168,204 |
|
0.7797 |
|
4,124,630 |
JPY:USD |
1,791,417 |
|
0.0062 |
|
355,595 |
|
5,809,127 |
|
0.0064 |
|
1,169,261 |
USD:JPY |
55,271 |
|
162.45 |
|
1,782,294 |
|
58,281 |
|
156.54 |
|
1,849,302 |
USD:RMB |
37,206 |
|
6.8109 |
|
1,194,554 |
|
36,432 |
|
7.0288 |
|
1,156,418 |
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
As of |
||||
|
|
|
|
|
|
|
June 30, 2025 |
||||
|
|
|
|
|
|
|
Foreign Currency (thousand) |
|
Exchange Rate |
|
NTD (thousand) |
Financial Assets |
|
|
|
|
|
|
|
|
|
|
|
Monetary items |
|
|
|
|
|
|
|
|
|
|
|
USD:NTD |
|
|
|
|
|
|
$964,173 |
|
29.23 |
|
$28,182,773 |
SGD:USD |
|
|
|
|
|
|
192,841 |
|
0.7841 |
|
4,419,776 |
JPY:USD |
|
|
|
|
|
|
7,436,139 |
|
0.0069 |
|
1,499,772 |
USD:JPY |
|
|
|
|
|
|
103,373 |
|
144.82 |
|
3,018,042 |
USD:RMB |
|
|
|
|
|
|
349,043 |
|
7.1586 |
|
10,157,038 |
Non-Monetary items |
|
|
|
|
|
|
|
|
|
|
|
USD:NTD |
|
|
|
|
|
|
193,972 |
|
29.23 |
|
5,669,791 |
Financial Liabilities |
|
|
|
|
|
|
|
|
|
|
|
Monetary items |
|
|
|
|
|
|
|
|
|
|
|
USD:NTD |
|
|
|
|
|
|
815,181 |
|
29.33 |
|
23,909,249 |
SGD:USD |
|
|
|
|
|
|
181,072 |
|
0.7876 |
|
4,182,827 |
JPY:USD |
|
|
|
|
|
|
7,466,875 |
|
0.0070 |
|
1,533,024 |
USD:JPY |
|
|
|
|
|
|
51,203 |
|
144.82 |
|
1,525,306 |
USD:RMB |
|
|
|
|
|
|
155,384 |
|
7.1586 |
|
4,577,258 |
75
The foreign currency transactions mentioned above are expressed in terms of the amount before elimination.
Please refer to the consolidated statements of comprehensive income for the total of realized and unrealized foreign exchange gain and loss. Since there were varieties of foreign currency transactions and functional currencies within the subsidiaries of the Company, the Company was unable to disclose foreign exchange gain (loss) towards each foreign currency with significant impact.
The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios to support its business and maximize the shareholders’ value. The Company also ensures its ability to operate continuously to provide returns to shareholders and the interests of other related parties, while maintaining the optimal capital structure to reduce costs of capital.
To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders, issue new shares or dispose assets to redeem liabilities.
Similar to its peers, the Company monitors its capital based on debt to capital ratio. The ratio is calculated as the Company’s net debt divided by its total capital. The net debt is derived by taking the total liabilities on the consolidated balance sheets minus cash and cash equivalents. The total capital consists of total equity (including capital, additional paid-in capital, retained earnings, other components of equity and non-controlling interests) plus net debt.
76
The Company’s strategy, which is unchanged for the reporting periods, is to maintain a reasonable ratio in order to raise capital with reasonable cost. The debt to capital ratios as of June 30, 2026, December 31, 2025 and June 30, 2025 were as follows:
|
|
As of |
||||
|
|
June 30, 2026 |
|
December 31, 2025 |
|
June 30, 2025 |
Total liabilities |
|
$222,048,583 |
|
$199,140,569 |
|
$211,098,060 |
Less: Cash and cash equivalents |
|
(124,706,465) |
|
(110,660,052) |
|
(111,993,768) |
Net debt |
|
97,342,118 |
|
88,480,517 |
|
99,104,292 |
Total equity |
|
443,924,300 |
|
379,855,440 |
|
337,045,506 |
Total capital |
|
$541,266,418 |
|
$468,335,957 |
|
$436,149,798 |
Debt to capital ratios |
|
17.98% |
|
18.89% |
|
22.72% |
77
The Company determined its operating segments based on business activities with discrete financial information regularly reported through the Company’s internal reporting protocols to the Company’s chief operating decision maker. The Company only has wafer fabrication operating segment as the single reporting segment. The primary operating activity of the wafer fabrication segment is the manufacture of chips to the design specifications of our customers by using our own proprietary processes and techniques. There was no material difference between the accounting policies of the operating segment and those described in Note 4. Please refer to the Company’s consolidated financial statements for the related segment revenue and operating results.
78
ATTACHMENT 1 (Significant intercompany transactions between consolidated entities) |
||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
||||||||||||||
|
||||||||||||||
For the six-month period ended June 30, 2026 |
||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transactions |
||||||
No. |
|
Related party |
|
Counterparty |
|
Relationship with |
|
Account |
|
Amount |
|
Collection periods |
|
Percentage of consolidated operating |
0 |
|
UNITED MICROELECTRONICS CORPORATION |
|
UMC GROUP (USA) |
|
1 |
|
Sales |
|
$27,542,946 |
|
Net 60 days |
|
21% |
0 |
|
UNITED MICROELECTRONICS CORPORATION |
|
UMC GROUP (USA) |
|
1 |
|
Accounts receivable |
|
7,865,649 |
|
- |
|
1% |
0 |
|
UNITED MICROELECTRONICS CORPORATION |
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|
1 |
|
Sales |
|
563,399 |
|
Net 30 days |
|
0% |
0 |
|
UNITED MICROELECTRONICS CORPORATION |
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|
1 |
|
Accounts receivable |
|
7,763 |
|
- |
|
0% |
1 |
|
UNITED SEMICONDUCTOR JAPAN CO., LTD. |
|
UMC GROUP (USA) |
|
3 |
|
Sales |
|
3,852,381 |
|
Net 60 days |
|
3% |
1 |
|
UNITED SEMICONDUCTOR JAPAN CO., LTD. |
|
UMC GROUP (USA) |
|
3 |
|
Accounts receivable |
|
1,316,142 |
|
- |
|
0% |
2 |
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|
UMC GROUP (USA) |
|
3 |
|
Sales |
|
243,055 |
|
Net 60 days |
|
0% |
2 |
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|
UMC GROUP (USA) |
|
3 |
|
Accounts receivable |
|
45,615 |
|
- |
|
0% |
3 |
|
WAVETEK MICROELECTRONICS CORPORATION |
|
UMC GROUP (USA) |
|
3 |
|
Sales |
|
242,942 |
|
Net 60 days |
|
0% |
3 |
|
WAVETEK MICROELECTRONICS CORPORATION |
|
UMC GROUP (USA) |
|
3 |
|
Accounts receivable |
|
111,003 |
|
- |
|
0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note 1: UMC and its subsidiaries are coded as follows: |
||||||||||||||
Note 2: Transactions are categorized as follows: |
||||||||||||||
Note 3: The sales price to the above related parties was determined through mutual agreement in reference to market conditions. |
||||||||||||||
Note 4: The percentage with respect to the consolidated asset/liability for transactions of balance sheet items are based on each item's balance at period-end. |
||||||||||||||
Note 5: UMC authorized technology licenses to its subsidiary, UNITED SEMICONDUCTOR (XIAMEN) CO., LTD., in the amount of USD 0.35 billion which was recognized as deferred revenue. |
||||||||||||||
79
ATTACHMENT 2 (Financing provided to others for the six-month period ended June 30, 2026) |
||||||||||||||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral |
|
|
|
|
||
No. |
|
Lender |
|
Counterparty |
|
Financial statement account |
|
Related party |
|
Maximum balance for the period |
|
Ending balance |
|
Actual amount provided |
|
Interest rate |
|
Nature of financing |
|
Amount of sales to (purchases from) counterparty |
|
Reason for financing |
|
Loss allowance |
|
Item |
|
Value |
|
Limit of financing amount for individual counterparty |
|
Limit of total financing amount |
None |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80
ATTACHMENT 3 (Endorsement/Guarantee provided to others for the six-month period ended June 30, 2026) |
||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
||||||||||||||||||||
|
||||||||||||||||||||
|
||||||||||||||||||||
|
|
|
|
Receiving party |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
No. |
|
Endorsor/Guarantor |
|
Company name |
|
Relationship |
|
Limit of guarantee/endorsement amount for receiving party |
|
Maximum balance for the period |
|
Ending balance |
|
Actual amount |
|
Amount of collateral guarantee/endorsement |
|
Percentage of accumulated guarantee amount to net assets value from the latest financial statement |
|
Limit of total guarantee/endorsement amount |
None |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
81
ATTACHMENT 4 (Significant securities held as of June 30, 2026) (Excluding subsidiaries, associates and joint ventures) |
||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
||||||||||||||||||||
|
||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
||||||||
Investor Company |
|
Type of securities |
|
Name of securities |
|
Relationship |
|
Financial statement account |
|
Units (thousand)/ bonds/ shares (thousand) |
|
Carrying amount |
|
Percentage of ownership (%) |
|
Fair value/ |
|
Shares as collateral |
||
UNITED MICROELECTRONICS CORPORATION |
|
Stock |
|
PIXART IMAGING, INC. |
|
- |
|
Financial assets at fair value through profit or loss, current |
|
1,600 |
|
|
$380,800 |
|
1.05 |
|
|
$380,800 |
|
None |
|
|
Fund |
|
TGVEST ASIA PARTNERS II(TAIWAN), L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
|
1,049,825 |
|
- |
|
|
1,049,825 |
|
None |
|
|
Stock |
|
HOLTEK SEMICONDUCTOR INC. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
22,144 |
|
|
1,441,591 |
|
9.61 |
|
|
1,441,591 |
|
None |
|
|
Fund |
|
GRANDFULL CONVERGENCE INNOVATION GROWTH FUND, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
|
257,185 |
|
- |
|
|
257,185 |
|
None |
|
|
Stock |
|
UNITED INDUSTRIAL GASES CO., LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
16,680 |
|
|
2,060,276 |
|
7.66 |
|
|
2,060,276 |
|
None |
|
|
Stock |
|
OCTTASIA INVESTMENT HOLDING INC. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
4,530 |
|
|
116,647 |
|
6.29 |
|
|
116,647 |
|
None |
|
|
Stock |
|
ENNOSTAR INC. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
5,357 |
|
|
347,166 |
|
0.73 |
|
|
347,166 |
|
None |
|
|
Stock |
|
DUNPIN NO.5 INNOVATION INVESTMENT CO., LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
20,000 |
|
|
228,400 |
|
7.60 |
|
|
228,400 |
|
None |
|
|
Stock |
|
UNIMICRON HOLDING LIMITED |
|
Associate |
|
Financial assets at fair value through other comprehensive income, noncurrent |
|
15,129 |
|
|
4,953,663 |
|
10.57 |
|
|
4,953,663 |
|
None |
|
|
Stock |
|
ITE TECH. INC. |
|
- |
|
Financial assets at fair value through other comprehensive income, noncurrent |
|
13,960 |
|
|
2,219,637 |
|
8.41 |
|
|
2,219,637 |
|
None |
|
|
Stock |
|
CHIPBOND TECHNOLOGY CORPORATION |
|
- |
|
Financial assets at fair value through other comprehensive income, noncurrent |
|
53,164 |
|
|
11,244,148 |
|
7.14 |
|
|
11,244,148 |
|
None |
|
|
Stock |
|
NOVATEK MICROELECTRONICS CORP. |
|
- |
|
Financial assets at fair value through other comprehensive income, noncurrent |
|
5,279 |
|
|
2,824,345 |
|
0.87 |
|
|
2,824,345 |
|
None |
|
|
Stock-preferred stock |
|
MTIC HOLDINGS PTE. LTD. |
|
Associate |
|
Financial assets at fair value through other comprehensive income, noncurrent |
|
12,000 |
|
|
207,263 |
|
- |
|
|
207,263 |
|
None |
FORTUNE VENTURE CAPITAL CORP. |
|
Stock |
|
PUGA HOLDINGS LIMITED |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
2 |
|
|
236,068 |
|
3.60 |
|
|
236,068 |
|
None |
|
|
Stock |
|
TOPOINT TECHNOLOGY CO., LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
4,586 |
|
|
2,632,424 |
|
3.16 |
|
|
2,632,424 |
|
None |
|
|
Stock |
|
CENTERA PHOTONICS INC. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
1,804 |
|
|
393,198 |
|
2.70 |
|
|
393,198 |
|
None |
|
|
Stock |
|
CHIPBOND TECHNOLOGY CORPORATION |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
13,489 |
|
|
2,852,818 |
|
1.81 |
|
|
2,852,818 |
|
None |
|
|
Stock |
|
TAIWAN SEMICONDUCTOR CO., LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
3,235 |
|
|
389,818 |
|
1.23 |
|
|
389,818 |
|
None |
|
|
Stock |
|
INNOSTAR SERVICE, INC. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
284 |
|
|
571,857 |
|
0.70 |
|
|
571,857 |
|
None |
|
|
Stock |
|
AIROHA TECHNOLOGY CORP. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
360 |
|
|
241,200 |
|
0.21 |
|
|
241,200 |
|
None |
|
|
Stock |
|
ELITE MATERIAL CO., LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
62 |
|
|
331,781 |
|
0.02 |
|
|
331,781 |
|
None |
|
|
Stock-preferred stock |
|
HYPERLIGHT CORP. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
757 |
|
|
190,740 |
|
- |
|
|
190,740 |
|
None |
|
|
Fund |
|
TRANSLINK CAPITAL PARTNERS IV, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
|
166,376 |
|
- |
|
|
166,376 |
|
None |
|
|
Fund |
|
TRENDFORCE CAPITAL FUND SPC-TRENDFORCE CAPITAL FUND I SP |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
15 |
|
|
339,168 |
|
- |
|
|
339,168 |
|
None |
|
|
Fund |
|
TRANSLINK CAPITAL PARTNERS V, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
|
134,483 |
|
- |
|
|
134,483 |
|
None |
|
|
Stock |
|
SHIN-ETSU HANDOTAI TAIWAN CO., LTD. |
|
- |
|
Financial assets at fair value through other comprehensive income, noncurrent |
|
10,500 |
|
|
1,585,395 |
|
7.00 |
|
|
1,585,395 |
|
None |
TLC CAPITAL CO., LTD. |
|
Stock |
|
ARTERY TECHNOLOGY CORP. |
|
Associate |
|
Financial assets at fair value through profit or loss, noncurrent |
|
5,112 |
|
|
748,908 |
|
8.18 |
|
|
748,908 |
|
None |
|
|
Stock |
|
SIMPLO TECHNOLOGY CO., LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
1,422 |
|
|
593,887 |
|
0.77 |
|
|
593,887 |
|
None |
|
|
Fund |
|
TRANSLINK CAPITAL PARTNERS III, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
|
121,301 |
|
- |
|
|
121,301 |
|
None |
|
|
Stock-preferred stock |
|
UVEYE LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
602 |
|
|
210,896 |
|
- |
|
|
210,896 |
|
None |
|
|
Stock-preferred stock |
|
SILITH TECHNOLOGY LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
6,978 |
|
|
313,848 |
|
- |
|
|
313,848 |
|
None |
|
|
Stock-preferred stock |
|
HYPERLIGHT CORP. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
757 |
|
|
190,740 |
|
- |
|
|
190,740 |
|
None |
82
ATTACHMENT 4 (Significant securities held as of June 30, 2026) (Excluding subsidiaries, associates and joint ventures) |
||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
||||||||||||||||||||
|
||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
||||||||
Investor Company |
|
Type of securities |
|
Name of securities |
|
Relationship |
|
Financial statement account |
|
Units (thousand)/ bonds/ shares (thousand) |
|
Carrying amount |
|
Percentage of ownership (%) |
|
Fair value/ |
|
Shares as collateral |
||
UMC CAPITAL CORP. |
|
Stock |
|
OCTTASIA INVESTMENT HOLDING INC. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
5,594 |
|
USD |
4,531 |
|
7.76 |
|
USD |
4,531 |
|
None |
|
|
Stock |
|
ALL-STARS SP IV LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
7 |
|
USD |
6,749 |
|
5.03 |
|
USD |
6,749 |
|
None |
|
|
Stock-preferred stock |
|
ATSCALE, INC. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
14,129 |
|
USD |
8,247 |
|
- |
|
USD |
8,247 |
|
None |
|
|
Stock-preferred stock |
|
SIFOTONICS TECHNOLOGIES CO., LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
3,500 |
|
USD |
22,856 |
|
- |
|
USD |
22,856 |
|
None |
|
|
Stock-preferred stock |
|
REED SEMICONDUCTOR CORP. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
4,542 |
|
USD |
16,401 |
|
- |
|
USD |
16,401 |
|
None |
|
|
Stock-preferred stock |
|
HYPERLIGHT CORP. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
2,485 |
|
USD |
12,965 |
|
- |
|
USD |
12,965 |
|
None |
|
|
Stock-preferred stock |
|
SILICON BOX PTE. LTD. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
176 |
|
USD |
8,066 |
|
- |
|
USD |
8,066 |
|
None |
|
|
Stock-preferred stock |
|
DREAMBIG SEMICONDUCTOR INC. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
3,296 |
|
USD |
6,827 |
|
- |
|
USD |
6,827 |
|
None |
|
|
Fund |
|
TRANSLINK CAPITAL PARTNERS III, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
USD |
10,316 |
|
- |
|
USD |
10,316 |
|
None |
|
|
Fund |
|
STORM VENTURES FUND V, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
USD |
8,998 |
|
- |
|
USD |
8,998 |
|
None |
|
|
Fund |
|
SIERRA VENTURES XI, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
USD |
12,120 |
|
- |
|
USD |
12,120 |
|
None |
|
|
Fund |
|
TRANSLINK CAPITAL PARTNERS IV, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
USD |
15,701 |
|
- |
|
USD |
15,701 |
|
None |
|
|
Fund |
|
TRANSLINK CAPITAL PARTNERS V, L.P. |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
USD |
2,820 |
|
- |
|
USD |
2,820 |
|
None |
|
|
Fund |
|
7V AI CAPITAL LLC |
|
- |
|
Financial assets at fair value through profit or loss, noncurrent |
|
- |
|
USD |
19,928 |
|
- |
|
USD |
19,928 |
|
None |
83
ATTACHMENT 5 (Related party transactions for purchases and sales amounts exceeding the lower of NT$100 million or 20 percent of capital stock for the six-month period ended June 30, 2026) |
|||||||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
|||||||||||||||||||||||||
|
|||||||||||||||||||||||||
UNITED MICROELECTRONICS CORPORATION |
|||||||||||||||||||||||||
|
|
|
|
Transactions |
|
Details of non-arm's length transaction |
|
Notes and accounts receivable (payable) |
|
|
|||||||||||||||
Counterparty |
|
Relationship |
|
Purchases (Sales) |
|
Amount |
|
Percentage of total purchases (sales) |
|
Term |
|
Unit price |
|
Term |
|
Balance |
|
Percentage of total receivables (payable) |
|
Note |
|||||
UMC GROUP (USA) |
|
Subsidiary |
|
Sales |
|
|
$27,542,946 |
|
28 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
|
$7,865,649 |
|
|
25 |
% |
|
|
FARADAY TECHNOLOGY CORPORATION |
|
Associate |
|
Sales |
|
|
1,067,201 |
|
1 |
% |
|
Month-end 60 days |
|
N/A |
|
N/A |
|
|
512,995 |
|
|
2 |
% |
|
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|
Subsidiary |
|
Sales |
|
|
563,399 |
|
1 |
% |
|
Net 30 days |
|
N/A |
|
N/A |
|
|
7,763 |
|
|
0 |
% |
|
|
ARTERY TECHNOLOGY COMPANY |
|
Associate |
|
Sales |
|
|
547,075 |
|
1 |
% |
|
Month-end 60 days |
|
N/A |
|
N/A |
|
|
182,171 |
|
|
1 |
% |
|
|
UNITEDDS SEMICONDUCTOR (SHANDONG) CO., LTD. |
|
Associate |
|
Sales |
|
|
486,524 |
|
0 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
|
35,330 |
|
|
0 |
% |
|
|
SILICON INTEGRATED SYSTEMS CORP. |
|
Associate |
|
Sales |
|
|
112,847 |
|
0 |
% |
|
Month-end 45 days |
|
N/A |
|
N/A |
|
|
69,674 |
|
|
0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UMC GROUP (USA) |
|||||||||||||||||||||||||
|
|
|
|
Transactions |
|
Details of non-arm's length transaction |
|
Notes and accounts receivable (payable) |
|
|
|||||||||||||||
Counterparty |
|
Relationship |
|
Purchases (Sales) |
|
Amount |
|
Percentage of total purchases (sales) |
|
Term |
|
Unit price |
|
Term |
|
Balance |
|
Percentage of total receivables (payable) |
|
Note |
|||||
UNITED MICROELECTRONICS CORPORATION |
|
Parent company |
|
Purchases |
|
USD |
839,456 |
|
86 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
USD |
242,349 |
|
|
82 |
% |
|
|
UNITED SEMICONDUCTOR JAPAN CO., LTD. |
|
Associate |
|
Purchases |
|
USD |
118,472 |
|
12 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
USD |
40,224 |
|
|
14 |
% |
|
|
WAVETEK MICROELECTRONICS CORPORATION |
|
Associate |
|
Purchases |
|
USD |
6,631 |
|
1 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
USD |
2,609 |
|
|
1 |
% |
|
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|
Associate |
|
Purchases |
|
USD |
5,808 |
|
1 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
USD |
1,389 |
|
|
0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNITED SEMICONDUCTOR JAPAN CO., LTD. |
|||||||||||||||||||||||||
|
|
|
|
Transactions |
|
Details of non-arm's length transaction |
|
Notes and accounts receivable (payable) |
|
|
|||||||||||||||
Counterparty |
|
Relationship |
|
Purchases (Sales) |
|
Amount |
|
Percentage of total purchases (sales) |
|
Term |
|
Unit price |
|
Term |
|
Balance |
|
Percentage of total receivables (payable) |
|
Note |
|||||
UMC GROUP (USA) |
|
Associate |
|
Sales |
|
JPY |
19,261,904 |
|
45 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
JPY |
6,770,276 |
|
|
43 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|||||||||||||||||||||||||
|
|
|
|
Transactions |
|
Details of non-arm's length transaction |
|
Notes and accounts receivable (payable) |
|
|
|||||||||||||||
Counterparty |
|
Relationship |
|
Purchases (Sales) |
|
Amount |
|
Percentage of total purchases (sales) |
|
Term |
|
Unit price |
|
Term |
|
Balance |
|
Percentage of total receivables (payable) |
|
Note |
|||||
UNITEDDS SEMICONDUCTOR (SHANDONG) CO., LTD. |
|
Associate |
|
Sales |
|
RMB |
97,399 |
|
3 |
% |
|
Month-end 30 days |
|
N/A |
|
N/A |
|
RMB |
9,646 |
|
|
1 |
% |
|
|
FARADAY TECHNOLOGY CORPORATION |
|
Associate |
|
Sales |
|
RMB |
72,750 |
|
2 |
% |
|
Month-end 60 days |
|
N/A |
|
N/A |
|
RMB |
32,197 |
|
|
4 |
% |
|
|
ARTERY TECHNOLOGY CORPORATION, LTD. |
|
Associate |
|
Sales |
|
RMB |
56,394 |
|
2 |
% |
|
Month-end 60 days |
|
N/A |
|
N/A |
|
RMB |
33,329 |
|
|
4 |
% |
|
|
UMC GROUP (USA) |
|
Associate |
|
Sales |
|
RMB |
52,776 |
|
2 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
RMB |
9,780 |
|
|
1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WAVETEK MICROELECTRONICS CORPORATION |
|||||||||||||||||||||||||
|
|
|
|
Transactions |
|
Details of non-arm's length transaction |
|
Notes and accounts receivable (payable) |
|
|
|||||||||||||||
Counterparty |
|
Relationship |
|
Purchases (Sales) |
|
Amount |
|
Percentage of total purchases (sales) |
|
Term |
|
Unit price |
|
Term |
|
Balance |
|
Percentage of total receivables (payable) |
|
Note |
|||||
UMC GROUP (USA) |
|
Associate |
|
Sales |
|
|
$242,942 |
|
30 |
% |
|
Net 60 days |
|
N/A |
|
N/A |
|
|
$111,003 |
|
|
46 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HEJIAN TECHNOLOGY (SUZHOU) CO., LTD. |
|||||||||||||||||||||||||
|
|
|
|
Transactions |
|
Details of non-arm's length transaction |
|
Notes and accounts receivable (payable) |
|
|
|||||||||||||||
Counterparty |
|
Relationship |
|
Purchases (Sales) |
|
Amount |
|
Percentage of total purchases (sales) |
|
Term |
|
Unit price |
|
Term |
|
Balance |
|
Percentage of total receivables (payable) |
|
Note |
|||||
UNITEDDS SEMICONDUCTOR (SHANDONG) CO., LTD. |
|
Associate |
|
Sales |
|
RMB |
30,346 |
|
2 |
% |
|
Month-end 30 days |
|
N/A |
|
N/A |
|
RMB |
6,730 |
|
|
2 |
% |
|
|
84
ATTACHMENT 6 (Receivables from related parties with amounts exceeding the lower of NT$100 million or 20 percent of capital stock as of June 30, 2026) |
|||||||||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
|||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||
UNITED MICROELECTRONICS CORPORATION |
|||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
|
Overdue receivables |
|
|
|
|
||||||||||||||||||
Counterparty |
Relationship |
Notes |
|
Accounts |
|
Other |
|
Total |
|
Turnover rate (times) |
|
Amount |
|
Collection status |
Amount received in subsequent period |
Loss allowance |
|||||||||||
UMC GROUP (USA) |
|
Subsidiary |
|
|
$- |
|
|
$7,865,649 |
|
|
$39 |
|
|
$7,865,688 |
|
8.20 |
|
|
$387 |
|
Collection in |
|
|
$5,192,261 |
|
|
$4,126 |
FARADAY TECHNOLOGY CORPORATION |
|
Associate |
|
|
- |
|
|
512,995 |
|
|
64,733 |
|
|
577,728 |
|
5.50 |
|
|
7,381 |
|
Collection in |
|
|
100,757 |
|
|
- |
ARTERY TECHNOLOGY COMPANY |
|
Associate |
|
|
- |
|
|
182,171 |
|
|
- |
|
|
182,171 |
|
12.01 |
|
|
10,151 |
|
- |
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNITED SEMICONDUCTOR JAPAN CO., LTD. |
|||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
|
Overdue receivables |
|
|
|
|
||||||||||||||||||
Counterparty |
Relationship |
Notes |
|
Accounts |
|
Other |
|
Total |
|
Turnover rate (times) |
|
Amount |
|
Collection status |
Amount received in subsequent period |
Loss allowance |
|||||||||||
UMC GROUP (USA) |
|
Associate |
|
JPY |
- |
|
JPY |
6,770,276 |
|
JPY |
- |
|
JPY |
6,770,276 |
|
6.64 |
|
JPY |
- |
|
- |
|
JPY |
1,525,918 |
|
JPY |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
|
Overdue receivables |
|
|
|
|
||||||||||||||||||
Counterparty |
Relationship |
Notes |
|
Accounts |
|
Other |
|
Total |
|
Turnover rate (times) |
|
Amount |
|
Collection status |
Amount received in subsequent period |
Loss allowance |
|||||||||||
ARTERY TECHNOLOGY CORPORATION, LTD. |
|
Associate |
|
RMB |
- |
|
RMB |
33,329 |
|
RMB |
- |
|
RMB |
33,329 |
|
5.38 |
|
RMB |
- |
|
- |
|
RMB |
10,657 |
|
RMB |
- |
FARADAY TECHNOLOGY CORPORATION |
|
Associate |
|
RMB |
- |
|
RMB |
32,197 |
|
RMB |
- |
|
RMB |
32,197 |
|
6.05 |
|
RMB |
- |
|
- |
|
RMB |
- |
|
RMB |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WAVETEK MICROELECTRONICS CORPORATION |
|||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
|
Overdue receivables |
|
|
|
|
||||||||||||||||||
Counterparty |
Relationship |
Notes |
|
Accounts |
|
Other |
|
Total |
|
Turnover rate (times) |
|
Amount |
|
Collection status |
Amount received in subsequent period |
Loss allowance |
|||||||||||
UMC GROUP (USA) |
|
Associate |
|
|
$- |
|
|
$111,003 |
|
|
$- |
|
|
$111,003 |
|
5.10 |
|
|
$- |
|
- |
|
|
$30,622 |
|
|
$- |
85
ATTACHMENT 7 (Names, locations and related information of investee companies as of June 30, 2026) (Not including investment in Mainland China) |
|||||||||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
|||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
Initial Investment |
|
Investment as of June 30, 2026 |
|
|
|
|
|
|
|
|
|||||||||
Investor Company |
|
Investee company |
Address |
Main businesses and products |
|
Ending balance |
|
Beginning balance |
Number of shares (thousand) |
|
Percentage of ownership |
|
Carrying amount |
|
Net income (loss) of investee company |
|
Investment income (loss) recognized |
|
Note |
||||||||
UNITED MICROELECTRONICS CORPORATION |
|
UMC GROUP (USA) |
|
USA |
|
IC Sales |
|
USD |
16,438 |
|
USD |
16,438 |
|
16,438 |
|
100.00 |
|
|
$2,766,561 |
|
|
$120,386 |
|
|
$120,386 |
|
|
|
|
UNITED MICROELECTRONICS (EUROPE) B.V. |
|
The Netherlands |
|
Marketing support activities |
|
USD |
5,421 |
|
USD |
5,421 |
|
9 |
|
100.00 |
|
|
188,928 |
|
|
4,736 |
|
|
4,736 |
|
|
|
|
UMC CAPITAL CORP. |
|
Cayman Islands |
|
Investment holding |
|
USD |
103,500 |
|
USD |
103,500 |
|
93,663 |
|
100.00 |
|
|
6,212,281 |
|
|
1,044,651 |
|
|
1,044,651 |
|
|
|
|
GREEN EARTH LIMITED |
|
Samoa |
|
Investment holding |
|
USD |
1,549,000 |
|
USD |
1,549,000 |
|
1,549,000 |
|
100.00 |
|
|
39,402,942 |
|
|
2,575,138 |
|
|
2,575,138 |
|
|
|
|
TLC CAPITAL CO., LTD. |
|
Taipei City, Taiwan |
|
Venture capital |
|
|
4,610,000 |
|
|
4,610,000 |
|
456,394 |
|
100.00 |
|
|
5,424,827 |
|
|
501,334 |
|
|
501,334 |
|
|
|
|
UMC INVESTMENT (SAMOA) LIMITED |
|
Samoa |
|
Investment holding |
|
USD |
1,520 |
|
USD |
1,520 |
|
1,520 |
|
100.00 |
|
|
50,501 |
|
|
1,461 |
|
|
1,461 |
|
|
|
|
FORTUNE VENTURE CAPITAL CORP. |
|
Taipei City, Taiwan |
|
Consulting and planning for venture capital |
|
|
3,440,053 |
|
|
3,440,053 |
|
676,102 |
|
100.00 |
|
|
14,705,232 |
|
|
5,541,703 |
|
|
5,541,703 |
|
|
|
|
UMC KOREA CO., LTD. |
|
Korea |
|
Marketing support activities |
|
KRW |
550,000 |
|
KRW |
550,000 |
|
110 |
|
100.00 |
|
|
27,299 |
|
|
713 |
|
|
713 |
|
|
|
|
OMNI GLOBAL LIMITED |
|
Samoa |
|
Investment holding |
|
USD |
4,300 |
|
USD |
4,300 |
|
4,300 |
|
100.00 |
|
|
886,413 |
|
|
(2,983) |
|
|
(2,983) |
|
|
|
|
SINO PARAGON LIMITED |
|
Samoa |
|
Investment holding |
|
USD |
2,600 |
|
USD |
2,600 |
|
2,600 |
|
100.00 |
|
|
114,781 |
|
|
(17,528) |
|
|
(17,528) |
|
|
|
|
BEST ELITE INTERNATIONAL LIMITED |
|
British Virgin Islands |
|
Investment holding |
|
USD |
309,102 |
|
USD |
309,102 |
|
664,966 |
|
100.00 |
|
|
52,279,216 |
|
|
3,257,733 |
|
|
3,257,733 |
|
|
|
|
UNITED SEMICONDUCTOR JAPAN CO., LTD. |
|
Japan |
|
Sales and manufacturing of integrated circuits |
|
JPY |
64,421,068 |
|
JPY |
64,421,068 |
|
116,247 |
|
100.00 |
|
|
26,753,697 |
|
|
1,399,607 |
|
|
1,399,607 |
|
|
|
|
WAVETEK MICROELECTRONICS CORPORATION |
|
Hsinchu County, Taiwan |
|
Sales and manufacturing of integrated circuits |
|
|
1,903,741 |
|
|
1,903,741 |
|
148,112 |
|
77.94 |
|
|
(100,728) |
|
|
(435,127) |
|
|
(340,514) |
|
|
|
|
MTIC HOLDINGS PTE. LTD. |
|
Singapore |
|
Investment holding |
|
SGD |
12,000 |
|
SGD |
12,000 |
|
12,000 |
|
45.44 |
|
|
- |
|
|
(4,514) |
|
|
- |
|
|
|
|
UNITECH CAPITAL INC. |
|
British Virgin Islands |
|
Investment holding |
|
USD |
21,000 |
|
USD |
21,000 |
|
21,000 |
|
42.00 |
|
|
686,546 |
|
|
367,153 |
|
|
154,204 |
|
|
|
|
TRIKNIGHT CAPITAL CORPORATION |
|
Taipei City, Taiwan |
|
Investment holding |
|
|
886,559 |
|
|
943,148 |
|
123,642 |
|
40.00 |
|
|
769,186 |
|
|
221,652 |
|
|
88,661 |
|
|
|
|
HSUN CHIEH INVESTMENT CO., LTD. |
|
Taipei City, Taiwan |
|
Investment holding |
|
|
299,169 |
|
|
307,448 |
|
1,069,271 |
|
36.49 |
|
|
34,229,937 |
|
|
58,127,989 |
|
|
21,209,726 |
|
|
|
|
YANN YUAN INVESTMENT CO., LTD. |
|
Taipei City, Taiwan |
|
Investment holding |
|
|
2,300,000 |
|
|
2,300,000 |
|
259,468 |
|
26.78 |
|
|
30,303,137 |
|
|
9,650,857 |
|
|
2,584,048 |
|
|
|
|
SILICON INTEGRATED SYSTEMS CORP. |
|
Hsinchu City, Taiwan |
|
Research, manufacturing and sales of integrated circuits |
|
|
3,527,742 |
|
|
3,527,742 |
|
92,648 |
|
18.08 |
|
|
9,169,636 |
|
|
103,177 |
|
|
18,198 |
|
|
|
|
FARADAY TECHNOLOGY CORPORATION |
|
Hsinchu City, Taiwan |
|
Design of application-specific integrated circuit |
|
|
572,891 |
|
|
572,891 |
|
35,963 |
|
13.80 |
|
|
3,048,043 |
|
|
302,262 |
|
|
33,927 |
|
|
|
|
UNIMICRON TECHNOLOGY CORP. |
|
Taoyuan City, Taiwan |
|
Manufacturing of PCB |
|
|
3,419,134 |
|
|
2,775,835 |
|
204,424 |
|
12.85 |
|
|
17,813,795 |
|
|
18,157,914 |
|
|
2,261,743 |
|
|
86
ATTACHMENT 7 (Names, locations and related information of investee companies as of June 30, 2026) (Not including investment in Mainland China) |
|||||||||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
|||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
Initial Investment |
|
Investment as of June 30, 2026 |
|
|
|
|
|
|
|
|
|||||||||
Investor Company |
|
Investee company |
Address |
Main businesses and products |
Ending balance |
|
Beginning balance |
Number of shares (thousand) |
|
Percentage of ownership |
|
Carrying amount |
|
Net income (loss) of investee company |
|
Investment income (loss) recognized |
|
Note |
|||||||||
FORTUNE VENTURE CAPITAL CORP. |
|
TERA ENERGY DEVELOPMENT CO., LTD. |
|
Hsinchu City, Taiwan |
|
Energy Technical Services |
|
|
$200,802 |
|
|
$100,752 |
|
17,758 |
|
95.37 |
|
|
$282,983 |
|
|
$25,149 |
|
|
$23,916 |
|
|
|
|
UNITED LED CORPORATION HONG KONG LIMITED |
|
Hongkong |
|
Investment holding |
|
USD |
22,500 |
|
USD |
22,500 |
|
22,500 |
|
25.14 |
|
|
128,687 |
|
|
2,048 |
|
|
515 |
|
|
|
|
AMOESO CO., LTD. |
|
Hsinchu City, Taiwan |
|
3G/4G/5G Indoor Signal Coverage Solution |
|
|
32,500 |
|
|
22,500 |
|
1,417 |
|
19.61 |
|
|
16,664 |
|
|
(20,367) |
|
|
(1,955) |
|
|
|
|
WAVETEK MICROELECTRONICS CORPORATION |
|
Hsinchu County, Taiwan |
|
Sales and manufacturing of integrated circuits |
|
|
8,856 |
|
|
8,856 |
|
1,194 |
|
0.63 |
|
|
(284) |
|
|
(435,127) |
|
|
(2,744) |
|
|
TLC CAPITAL CO., LTD. |
|
SOARING CAPITAL CORP. |
|
Samoa |
|
Investment holding |
|
USD |
900 |
|
USD |
900 |
|
900 |
|
100.00 |
|
|
10,598 |
|
|
(1,579) |
|
|
(1,579) |
|
|
|
|
HSUN CHIEH CAPITAL CORP. |
|
Samoa |
|
Investment holding |
|
USD |
8,000 |
|
USD |
8,000 |
|
8,000 |
|
40.00 |
|
|
308,837 |
|
|
180,098 |
|
|
72,039 |
|
|
TERA ENERGY DEVELOPMENT CO., LTD. |
|
EVERRICH ENERGY INVESTMENT (HK) LIMITED |
|
Hongkong |
|
Investment holding |
|
USD |
460 |
|
USD |
460 |
|
460 |
|
100.00 |
|
|
22,450 |
|
|
2,326 |
|
|
2,326 |
|
|
|
|
MU-ONE ENERGY CO., LTD. |
|
Hsinchu City, Taiwan |
|
Sales of pollution control equipment |
|
|
10,000 |
|
|
- |
|
1,000 |
|
100.00 |
|
|
9,628 |
|
|
(372) |
|
|
(372) |
|
|
|
|
MU-WELL ENERGY CO., LTD. |
|
Hsinchu City, Taiwan |
|
Energy Technical Services |
|
|
10,000 |
|
|
- |
|
1,000 |
|
100.00 |
|
|
9,946 |
|
|
(54) |
|
|
(54) |
|
|
|
|
MU-SUN ENERGY CO., LTD. |
|
Hsinchu City, Taiwan |
|
Energy Technical Services |
|
|
100,000 |
|
|
- |
|
10,000 |
|
100.00 |
|
|
100,906 |
|
|
906 |
|
|
906 |
|
|
WAVETEK MICROELECTRONICS CORPORATION |
|
WAVETEK MICROELECTRONICS CORPORATION (USA) |
|
USA |
|
Marketing service |
|
USD |
60 |
|
USD |
60 |
|
60 |
|
100.00 |
|
|
2,735 |
|
|
(26) |
|
|
(26) |
|
|
BEST ELITE INTERNATIONAL LIMITED |
|
INFOSHINE TECHNOLOGY LIMITED |
|
British Virgin Islands |
|
Investment holding |
|
USD |
354,000 |
|
USD |
354,000 |
|
- |
|
100.00 |
|
|
52,510,501 |
|
|
3,256,567 |
|
|
3,256,567 |
|
|
INFOSHINE TECHNOLOGY LIMITED |
|
OAKWOOD ASSOCIATES LIMITED |
|
British Virgin Islands |
|
Investment holding |
|
USD |
354,000 |
|
USD |
354,000 |
|
- |
|
100.00 |
|
|
52,510,501 |
|
|
3,256,567 |
|
|
3,256,567 |
|
|
OMNI GLOBAL LIMITED |
|
UNITED MICROTECHNOLOGY CORPORATION (CALIFORNIA) |
|
USA |
|
Research & Development |
|
USD |
1,000 |
|
USD |
1,000 |
|
0 |
|
100.00 |
|
|
56,155 |
|
|
2,682 |
|
|
2,682 |
|
|
|
|
ECP VITA PTE. LTD. |
|
Singapore |
|
Insurance |
|
USD |
9,000 |
|
USD |
9,000 |
|
9,000 |
|
100.00 |
|
|
684,144 |
|
|
(5,920) |
|
|
(5,920) |
|
|
GREEN EARTH LIMITED |
|
UNITED MICROCHIP CORPORATION |
|
Cayman Islands |
|
Investment holding |
|
USD |
1,546,050 |
|
USD |
1,546,050 |
|
1,546,050 |
|
100.00 |
|
|
39,787,245 |
|
|
2,574,412 |
|
|
2,574,412 |
|
|
87
ATTACHMENT 8 (Investment in Mainland China as of June 30, 2026) |
||||||||||||||||||||||||||
(Amount in thousand, Currency denomination in NTD or in foreign currencies) |
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Investment flows |
|
|
|
|
|
|
|
|
|
|
|
|
||
Investee company |
Main businesses and products |
Total amount of |
Method of investment |
|
Accumulated |
|
Outflow |
|
Inflow |
|
Accumulated outflow of investment from Taiwan as of |
|
Net income (loss) of investee company |
|
Percentage of ownership |
|
Investment income (loss) recognized |
|
Carrying amount |
|
Accumulated inward remittance of earnings as of |
|||||
UNITRUTH ADVISOR (SHANGHAI) CO., LTD. |
|
Investment Holding and advisory |
|
$25,432 |
|
(ii)SOARING CAPITAL CORP. |
|
$25,432 |
|
$- |
|
$- |
|
$25,432 |
|
$(1,580) |
|
100.00% |
|
$(1,580) |
|
$10,557 |
|
$- |
||
EVERRICH (JINING) NEW ENERGY TECHNOLOGY CO., LTD. (formerly EVERRICH (SHANDONG) ENERGY CO., LTD.) |
|
Solar engineering integrated design services |
|
14,337 |
|
(ii)EVERRICH ENERGY INVESTMENT (HK) LIMITED |
|
14,623 |
|
- |
|
- |
|
14,623 |
|
2,330 |
|
100.00% |
|
2,330 |
|
22,208 |
|
164,227 |
||
UNITED LED CORPORATION |
|
Research, manufacturing and sales in LED epitaxial wafers |
|
2,670,360 |
|
(ii)UNITED LED CORPORATION HONG KONG LIMITED |
|
643,748 |
|
- |
|
- |
|
643,748 |
|
1,684 |
|
25.14% |
|
423 |
|
125,013 |
|
- |
||
HEJIAN TECHNOLOGY (SUZHOU) CO., LTD. |
|
Sales and manufacturing of integrated circuits |
|
14,669,427 |
|
(ii)OAKWOOD ASSOCIATES LIMITED |
|
9,826,353 |
|
- |
|
- |
|
9,826,353 |
|
3,270,318 |
|
100% |
|
3,270,318 |
|
51,571,382 |
|
- |
||
UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. |
|
Sales and manufacturing of integrated circuits |
|
75,546,511 |
|
(ii)UNITED MICROCHIP CORPORATION and (iii)HEJIAN TECHNOLOGY (SUZHOU) CO., LTD. |
|
48,804,453 |
|
- |
|
- |
|
48,804,453 |
|
4,131,129 |
|
100.00% |
|
4,131,129 |
|
62,761,876 |
|
- |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated investment in Mainland China as of |
|
Investment amounts authorized by Investment Commission, MOEA |
|
Upper limit on investment |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
$59,314,609 |
|
$89,564,892 |
|
$266,352,149 |
|
|
|
|
|
|
|
|
|
|
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Note 1 : The methods for engaging in investment in Mainland China include the following: |
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(i) Direct investment in Mainland China. |
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(ii) Indirectly investment in Mainland China through companies registered in a third region (Please specify the name of the company in third region). |
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(iii) Other methods. |
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Note 2 : The investment income (loss) recognized in current period, the investment income (loss) were determined based on the following basis: |
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(i) The financial statements were reviewed by an international certified public accounting firm in cooperation with an R.O.C. accounting firm. |
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(ii) The financial statements were reviewed by the auditors of the parent company. |
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(iii) Others. |
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Note 3 : Initial investment amounts denominated in foreign currencies are translated into New Taiwan Dollars using the spot rates at the financial report date. |
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Note 4 : The Company indirectly invested in HEJIAN TECHNOLOGY (SUZHOU) CO., LTD. via investment in BEST ELITE INTERNATIONAL LIMITED, an equity investee. The investment has been approved by the Investment Commission, MOEA |
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in the total amount of USD 383,569 thousand. The amount of investment has been all remitted. |
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Note 5 : The investment to UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. (USCXM) from HEJIAN TECHNOLOGY (SUZHOU) CO., LTD. and indirectly invested in USCXM via investment in GREEN EARTH LIMITED. |
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The consent to invest in USCXM's investment has been approved by the Investment Commission, MOEA in the total amount of USD 2,412,313 thousand. The amount of investment has been all remitted. |
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