UMC Reports 2009 Second Quarter Results

The financial statements included in this release are unaudited and unconsolidated, and prepared and published in accordance with ROC GAAP. Investors are cautioned that there are many differences between ROC GAAP and US GAAP.

This presentation is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

                      -- FINANCIAL TABLES TO FOLLOW --



                     UNITED MICROELECTRONICS CORPORATION
               Unaudited Condensed Unconsolidated Balance Sheet
                             As of June 30, 2009
     Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars(US$)


                                                    June 30, 2009
                                         US$          NT$          %
    ASSETS
    Current Assets
    Cash and Cash Equivalents          1,156       37,904       17.7%
    Financial assets at fair value
     through profit or loss,
     current                              36        1,182        0.6%
    Notes & Accounts Receivable          420       13,784        6.4%
    Inventories                          260        8,529        4.0%
    Other Current Assets                  76        2,503        1.1%
     Total Current Assets              1,948       63,902       29.8%

    Non-Current Assets
     Funds and Long-term
      Investments                       1,781       58,424       27.2%
     Property, Plant and Equipment      2,642       86,662       40.4%
     Other Assets                         168        5,493        2.6%
      Total Non-Current Assets          4,591      150,579       70.2%
     TOTAL ASSETS                       6,539      214,481      100.0%

    LIABILITIES
    Current Liabilities
     Payables                             369       12,095        5.6%
     Current Portion of Long-term
      Liabilities                         229        7,509        3.5%
     Other Current Liabilities             11          356        0.2%
      Total Current Liabilities           609       19,960        9.3%

    Non-Current Liabilities
     Long-term Loans                       24          789        0.4%
     Other Liabilities                    106        3,491        1.6%
       Total Non-Current
        Liabilities                       130        4,280        2.0%
     TOTAL LIABILITIES                    739       24,240       11.3%

    STOCKHOLDERS' EQUITY
    Capital Stock                       3,960      129,878       60.6%
    Additional Paid-in Capital          1,348       44,211       20.6%
    Retained Earnings, Unrealized
     Gain on Financial Assets and
    Translation Adjustment                569       18,665        8.7%
    Treasury Stock                        (77)      (2,513)      (1.2%)
    TOTAL STOCKHOLDERS' EQUITY          5,800      190,241       88.7%
    TOTAL LIABILITIES AND
     STOCKHOLDERS' EQUITY               6,539      214,481      100.0%

    Note  New Taiwan Dollars have been translated into U.S. Dollars at
          the June 30, 2009 exchange rate of NT $32.80 per U.S. Dollar.
          All figures are in ROC GAAP.



                            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

                                                                                        Year  over  Year  Comparison
                                                                                        Three-Month  Period  Ended
                                                                          June  30,  2009      June  30,  2008                %
                                                                            US$          NT$          US$          NT$                Chg.
        Net  Sales                                                  690      22,628        769      25,238          (10.3%)
        Cost  of  Goods  Sold                              (526)  (17,247)    (592)  (19,421)        (11.2%)
        Net  Gross  Profit  (Loss)                      164        5,381        177        5,817            (7.5%)
                                                                        23.8%        23.8%    23.0%        23.0%                  --
        Operating  Expenses
            -  Sales  &  Marketing                          (11)        (376)      (19)        (620)        (39.4%)
            -  General  &  Administrative            (14)        (454)      (23)        (744)        (39.0%)
            -  Research  &  Development                (57)    (1,855)      (63)    (2,090)        (11.2%)
                                                                            (82)    (2,685)    (105)    (3,454)        (22.3%)
        Operating  Income  (Loss)                        82        2,696          72        2,363            14.1%
                                                                        11.9%        11.9%      9.4%          9.4%                  --

        Net  Non-Operating  Income
          (Expenses)                                              (27)        (901)          3              98    (1,019.4%)
        Income  (Loss)  from  continuing
          operations  before  income  tax            55        1,795          75        2,461          (27.1%)
                                                                          7.9%          7.9%      9.8%          9.8%                  --

        Income  Tax  Expense                                  (8)        (248)        (2)          (64)        287.5%
        Net  Income  (Loss)                                    47        1,547          73        2,397          (35.5%)
                                                                          6.8%          6.8%      9.5%          9.5%                  --

        Earnings  (Loss)  per  Share              0.004          0.12    0.006          0.19                  --
        Earnings  (Loss)  per  ADS  (2)          0.018          0.60    0.029          0.95                  --
        Weighted  Average  Number  of
          Shares  Outstanding
          (in  millions)                                          --      12,672          --      13,172                  --

        Note:
        (1)  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at
                the  June  30,  2009  exchange  rate  of  NT$32.80  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  (Continued)


                                                                                  Quarter  over  Quarter  Comparison
                                                                                          Three-Month  Period  Ended
                                                                            June  30,  2009        Mar  31,  2009              %
                                                                              US$          NT$          US$            NT$            Chg.
        Net  Sales                                                    690      22,628          330      10,838      108.8%
        Cost  of  Goods  Sold                                (526)  (17,247)      (462)  (15,173)      13.7%
        Net  Gross  Profit  (Loss)                        164        5,381        (132)    (4,335)  (224.1%)
                                                                          23.8%        23.8%    (40.0%)    (40.0%)            --
        Operating  Expenses
            -  Sales  &  Marketing                            (11)        (376)        (19)        (632)    (40.5%)
            -  General  &  Administrative              (14)        (454)        (16)        (529)    (14.2%)
            -  Research  &  Development                  (57)    (1,855)        (56)    (1,821)        1.9%
                                                                              (82)    (2,685)        (91)    (2,982)    (10.0%)
        Operating  Income  (Loss)                          82        2,696        (223)    (7,317)  (136.8%)
                                                                          11.9%        11.9%    (67.5%)    (67.5%)            --

        Net  Non-Operating  Income
          (Expenses)                                                (27)        (901)        (26)        (843)        6.9%
        Income  (Loss)  from  continuing
          operations  before  income  tax              55        1,795        (249)    (8,160)  (122.0%)
                                                                            7.9%          7.9%    (75.3%)    (75.3%)            --

        Income  Tax  Expense                                    (8)        (248)          (0)            (0)    100.0%
        Net  Income  (Loss)                                      47        1,547        (249)    (8,160)  (119.0%)
                                                                            6.8%          6.8%    (75.3%)    (75.3%)            --

        Earnings  (Loss)  per  Share                0.004          0.12    (0.020)      (0.64)            --
        Earnings  (Loss)  per  ADS  (2)            0.018          0.60    (0.098)      (3.20)            --
        Weighted  Average  Number  of
          Shares  Outstanding
        (in  millions)                                              --      12,672            --      12,767              --


        Note:
        (1)  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at
                the  June  30,  2009  exchange  rate  of  NT$32.80  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
                                                                    June  30,  2009                        June  30,  2009
                                                                US$          NT$            %              US$            NT$            %
        Net  Sales                                      690      22,628    100.0%      1,020      33,466    100.0%
        Cost  of  Goods  Sold                  (526)  (17,247)  (76.2%)      (988)  (32,420)  (96.9%)
        Net  Gross  Profit                        164        5,381      23.8%            32        1,046        3.1%

        Operating  Expenses
            -  Sales  &  Marketing              (11)        (376)    (1.7%)        (31)    (1,008)    (3.0%)
            -  General  &
                Administrative                    (14)        (454)    (2.0%)        (30)        (983)    (2.9%)
            -  Research  &
                  Development                        (57)    (1,855)    (8.2%)      (112)    (3,676)  (11.0%)
                                                                (82)    (2,685)  (11.9%)      (173)    (5,667)  (16.9%)
        Operating  Income  (Loss)            82        2,696      11.9%        (141)    (4,621)  (13.8%)

        Net  Non-Operating  Income
          (Expenses)                                  (27)        (901)    (4.0%)        (53)    (1,744)    (5.2%)
        Income  (Loss)  from
          continuing  operations
          before  income  tax                      55        1,795        7.9%        (194)    (6,365)  (19.0%)

        Income  Tax  Expense                      (8)        (248)    (1.1%)          (8)        (248)    (0.8%)
        Net  Income  (Loss)                        47        1,547        6.8%        (202)    (6,613)  (19.8%)

        Earnings  (Loss)  per  Share  0.004          0.12            --    (0.016)      (0.52)          --
        Earnings  (Loss)  per
          ADS  (2)                                    0.018          0.60            --    (0.079)      (2.60)          --

        Weighted  Average  Number
          of  Shares  Outstanding              --      12,672            --            --      12,719            --
          (in  millions)

        Note:
        (1)  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the  June
                30,  2009  exchange  rate  of  NT$32.80  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  Six  Months  Ended  June  30,  2009
        Figures  in  Million  of  New  Taiwan  Dollars  (NT$)  and  U.S.  Dollars  (US$)

                                                                                                    USD                                NTD
        Cash  flows  from  operating  activities  :
          Net  Income                                                                    (202)                        (6,613)
          Depreciation  &  Amortization                                    521                          17,092
          Gain  on  recovery  in  market
            value  and  obsolescence  of
            inventories                                                                  (68)                        (2,242)
          Cash  dividends  received  under
            the  equity  method                                                        12                                390
          Investment  loss  accounted  for
            under  the  equity  method                                            69                            2,265
          Loss  on  valuation  of  financial
            assets  and  liabilities                                              18                                594
          Impairment  loss                                                                4                                118
          Gain  on  disposal  of  investments                            (24)                            (788)
          Gain  on  disposal  of  property,
            plant  and  equipment                                                    --                                  (3)
          Exchange  loss  on  financial
            assets  and  liabilities                                              --                                  11
          Amortization  of  bond  discounts                                --                                    1
          Amortization  of  deferred  income                              (3)                            (102)
          Compensation  cost  of  employee
            stock  options                                                                --                                    9
          Change  in  assets,  liabilities
            and  others                                                                  (109)                        (3,566)
        Net  cash  provided  by  operating
          activities                                                                      218                            7,166

        Cash  flows  from  investing  activities:
          Proceeds  from  disposal  of
            available-for-sales  financial
            assets                                                                              25                                809
          Acquisition  of  long-term
            investments  accounted  for
            under  the  equity  method                                            (2)                              (63)
          Proceeds  from  liquidation  of
            long-term  investments                                                --                                  15
          Acquisition  of  property,  plant
            and  equipment                                                              (86)                        (2,823)
          Proceeds  from  disposal  of
            property,  plant  and  equipment                                  1                                  17
          Increase  in  deferred  charges                                    (6)                            (198)
          Decrease  in  other  assets  -
            others                                                                            (24)                            (779)
        Net  cash  used  in  investing
          activities                                                                      (92)                        (3,022)

        Cash  flows  from  financing  activities  :
          Proceeds  from  long-term  Loans                                    9                                300
          Repayments  of  long-term  Loans                                  (6)                            (200)
          Purchase  of  treasury  stock                                      (73)                        (2,393)
          Increase  in  deposits-in                                              --                                    3
        Net  cash  used  in  financing
          activities                                                                      (70)                        (2,290)

        Effect  of  exchange  rate  changes  on
          cash  and  cash  equivalents                                          (2)                              (74)
        Net  increase  in  cash  and  cash
          equivalents                                                                      54                            1,780

        Cash  and  cash  equivalents  at
          beginning  of  period                                                1,102                          36,124

        Cash  and  cash  equivalents  at  end  of
          period                                                                          1,156                          37,904


        Note:  New  Taiwan  Dollars  have  been  translated  into  U.S.  Dollars  at  the
                    June  30,  2009  exchange  rate  of  NT$32.80  per  U.S.  Dollar.
                    All  figures  are  in  ROC  GAAP.




        Contacts:

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


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