UMC Reports 2009 First Quarter Results

Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

                     Except Per Share and Per ADS Data

                                           Year over Year Comparison
                                       Three-Month Period Ended
                                    Mar 31, 2009     Mar 31, 2008         %
                                    US$      NT$     US$     NT$         Chg.
    Net Sales                         319   10,838    707   24,003     (54.8%)
    Cost of Goods Sold               (447) (15,173)  (600) (20,356)    (25.5%)
    Net Gross Profit (Loss)          (128)  (4,335)   107    3,647    (218.9%)
                                   (40.0%)  (40.0%) 15.2%    15.2%         --
    Operating Expenses
      - Sales & Marketing              18      632     21      716     (11.7%)
      - General & Administrative       15      529     18      636     (16.8%)
      - Research & Development         54    1,821     60    2,034     (10.5%)
                                       87    2,982     99    3,386     (11.9%)
    Operating Income (Loss)          (215)  (7,317)     8      261  (2,903.4%)
                                   (67.5%)  (67.5%)  1.1%     1.1%         --

    Net Non-Operating Income
     (Expenses)                       (25)    (843)    (0)      (0) 93,566.7%
    Income (Loss) from continuing
     operations before income tax    (240)  (8,160)     8      261  (3,226.4%)
                                   (75.3%)  (75.3%)  1.1%     1.1%         --

    Income Tax (Expense) Benefit       (0)      (0)    (2)     (55)   (100.0%)
    Net Income (Loss)                (240)  (8,160)     6      206  (4,061.2%)
                                   (75.3%)  (75.3%)  0.9%     0.9%         --

    Earnings per Share             (0.019)   (0.64) 0.001     0.02         --
    Earnings per ADS (2)           (0.094)   (3.20) 0.003     0.10         --
    Weighted Average Number of
     Shares Outstanding
     (in millions)                     --   12,767     --   13,172         --


    Note:
    (1) New Taiwan Dollars have been translated into U.S. Dollars at the March
        31, 2009 exchange rate of NT$33.95 per U.S. Dollar.
        All figures are in ROC GAAP.
    (2) 1 ADS equals 5 common shares.


                    UNITED MICROELECTRONICS CORPORATION
            Unaudited Condensed Unconsolidated Income Statement
                                 (Continued)

Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

                     Except Per Share and Per ADS Data

                                        Quarter over Quarter Comparison
                                       Three-Month Period Ended
                                    Mar 31, 2009      Dec 31, 2008        %
                                    US$      NT$      US$      NT$       Chg.
    Net Sales                         319   10,838      546   18,541   (41.5%)
    Cost of Goods Sold                      (447)  (15,173)        (570)  (19,345)    (21.6%)
        Net  Gross  Profit  (Loss)                    (128)    (4,335)          (24)        (804)    439.2%
                                                                      (40.0%)    (40.0%)      (4.3%)      (4.3%)
        Operating  Expenses
            -  Sales  &  Marketing                            18            632              20            679        (6.9%)
            -  General  &  Administrative              15            529              13            428        23.6%
            -  Research  &  Development                  54        1,821              58        1,966        (7.4%)
                                                                              87        2,982              91        3,073        (3.0%)
        Operating  Income  (Loss)                    (215)    (7,317)        (115)    (3,877)      88.7%
                                                                      (67.5%)    (67.5%)    (20.9%)    (20.9%)          --

        Net  Non-Operating  Income
          (Expenses)                                              (25)        (843)        (561)  (19,081)    (95.6%)
        Income  (Loss)  from  continuing
          operations  before  income  tax        (240)    (8,160)        (676)  (22,958)    (64.5%)
                                                                      (75.3%)    (75.3%)  (123.8%)  (123.8%)            --

        Income  Tax  (Expense)  Benefit              (0)            (0)          (16)        (552)  (100.0%)
        Net  Income  (Loss)                                (240)    (8,160)        (692)  (23,510)    (65.3%)
                                                                      (75.3%)    (75.3%)  (126.8%)  (126.8%)            --

        Earnings  per  Share                          (0.019)      (0.64)    (0.053)      (1.81)            --
        Earnings  per  ADS  (2)                      (0.094)      (3.20)    (0.267)      (9.05)            --
        Weighted  Average  Number  of
          Shares  Outstanding
          (in  millions)                                          --      12,767              --      12,972              --


        Note:
        (1)  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the  March
                31,  2009  exchange  rate  of  NT$33.95  per  U.S.  Dollar.
                All  figures  are  in  ROC  GAAP.
        (2)  1  ADS  equals  5  common  shares.



                                              UNITED  MICROELECTRONICS  CORPORATION
                              Unaudited  Condensed  Unconsolidated  Income  Statement
            Figures  in  Million  of  New  Taiwan  Dollars  (NT$)  and  U.S.  Dollars  (US$)
                                                Except  Per  Share  and  Per  ADS  Data


                                          For  the  Three-Month  Period  Ended      For  the  Year  Ended
                                                                  Mar  31,  2009                                Mar  31,  2009
                                                            US$            NT$              %            US$            NT$              %
        Net  Sales                                  319      10,838      100.0%          319      10,838      100.0%
        Cost  of  Goods  Sold              (447)  (15,173)  (140.0%)      (447)  (15,173)  (140.0%)
        Net  Gross  Profit
          (Loss)                                    (128)    (4,335)    (40.0%)      (128)    (4,335)    (40.0%)

        Operating  Expenses
            -  Sales  &  Marketing            18            632          5.8%            18            632          5.8%
            -  General  &
                  Administrative                15            529          4.9%            15            529          4.9%
            -  Research  &
                  Development                      54        1,821        16.8%            54        1,821        16.8%
                                                              87        2,982        27.5%            87        2,982        27.5%
        Operating  Income
          (Loss)                                    (215)    (7,317)    (67.5%)      (215)    (7,317)    (67.5%)

        Net  Non-Operating
          Income  (Expenses)                (25)        (843)      (7.8%)        (25)        (843)      (7.8%)
        Income  (Loss)  from
          continuing  operations
          before  income  tax              (240)    (8,160)    (75.3%)      (240)    (8,160)    (75.3%)

        Income  Tax  (Expense)
          Benefit                                      (0)            (0)        0.0%            (0)            (0)        0.0%
        Net  Income  (Loss)                (240)    (8,160)    (75.3%)      (240)    (8,160)    (75.3%)

        Earnings  per  Share          (0.019)      (0.64)          --      (0.019)      (0.64)          --
        Earnings  per  ADS  (2)      (0.094)      (3.20)          --      (0.094)      (3.20)          --

        Weighted  Average
          Number  of  Shares
          Outstanding
          (in  millions)                          --      12,767            --            --        12,767            --

        Note:
        (1)  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the  March
                31,  2009  exchange  rate  of  NT$33.95  per  U.S.  Dollar.
                All  figures  are  in  ROC  GAAP.
        (2)  1  ADS  equals  5  common  shares.



                                              UNITED  MICROELECTRONICS  CORPORATION
                        Unaudited  Condensed  Unconsolidated  Statement  of  Cash  Flows
                                          For  The  Three  Months  Ended  Mar.  31,  2009
              Figures  in  Million  of  New  Taiwan  Dollars  (NT$)  and  U.S.  Dollars  (US$)

                                                                                                              USD                                NTD
        Cash  flows  from  operating  activities:
                Net  Income                                                                        (240)                        (8,160)
                Depreciation  &  Amortization                                        254                            8,640
                Gain  on  decline  in  market  value
                  and  obsolescence  of  inventories                              (34)                        (1,156)
                Investment  loss  accounted  for
                  under  the  equity  method                                                18                                599
                Loss  on  valuation  of  financial
                  assets  and  liabilities                                                  19                                646
                Gain  on  disposal  of  property,
                  plant  and  equipment                                                        (0)                                (2)
                Exchange  loss  on  financial  assets
                  and  liabilities                                                                  1                                  22
                Amortization  of  bond  discounts                                      0                                    1
                Amortization  of  deferred  income                                  (2)                              (52)
                Change  in  assets,  liabilities  and
                  others                                                                                  94                            3,208
        Net  cash  provided  by  operating
          activities                                                                                110                            3,746

        Cash  flows  from  investing  activities:
                Acquisition  of  long-term
                  investments  accounted  for  under
                  the  equity  method                                                            (2)                              (63)
                Proceeds  from  liquidation  of
                  long-term  investments                                                      0                                  15
                Acquisition  of  property,  plant
                  and  equipment                                                                  (46)                        (1,568)
                Proceeds  from  disposal  of
                  property,  plant  and  equipment                                      0                                    3
                Increase  in  deferred  charges                                        (2)                              (84)
                Decrease  in  other  assets  -  others                              (0)                                  1
        Net  cash  used  in  investing  activities                            (50)                        (1,696)

        Cash  flows  from  financing  activities:
                Proceeds  from  long-term  Loans                                        6                                200
                Repayments  of  long-term  Loans                                      (6)                            (200)
                Purchase  of  treasury  stock                                          (70)                        (2,393)
                Decrease  in  deposits-in                                                    0                                    0
        Net  cash  used  in  financing  activities                            (70)                        (2,393)

        Effect  of  exchange  rate  changes  on
          cash  and  cash  equivalents                                                      4                                125
        Net  decrease  in  cash  and  cash
          equivalents                                                                                (6)                            (218)

        Cash  and  cash  equivalents  at
          beginning  of  period                                                          1,064                          36,124

        Cash  and  cash  equivalents  at  end  of
          period                                                                                    1,058                          35,906


        Note:  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the  Mar
                    31,  2009  exchange  rate  of  NT$33.95  per  U.S.  Dollar.
                    All  figures  are  in  ROC  GAAP.



        Contacts:

          Bowen  Huang  /  Tien  Yu  Tseng
          UMC,  Investor  Relation
          Tel:      +886-2-2700-6999  ext.  6957
          Email:  bowen_huang@umc.com  /  tien_yu_tseng@umc.com
 


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