United Microelectronics Corp 6-K, filed Oct 26, 2020
United Microelectronics Corp (UMC)
About this 6-K
United Microelectronics Corp filed this 6-K on October 26, 2020.
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
October 26, 2020
(Commission File Number: 001-15128)
United Microelectronics Corporation
(Translation of registrant’s name into English)
No.3 Li Hsin Road II
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): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
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 | |
|---|---|
| By: | Chitung Liu |
| Name: | Chitung Liu |
| Title: | CFO |
Date: October 26, 2020
EXHIBIT INDEX
| Exhibit | Description |
|---|---|
| 99 | 6K on 10/26/2020 |
3
umc-ex99_7.htm
www.umc.com
Exhibit
Exhibit Description
99.1 Announcement on 2020/09/29: To represent subsidiary United Semiconductor Japan Co., Ltd. and subsidiary UMC Group Japan on the announcement of merger
99.2 Announcement on 2020/10/16: Represent subsidiary Nexpower Technology Corporation to announce its board's resolution to dissolve and liquidate the Company
99.3 Announcement on 2020/10/21: UMC will convene Q3 2020 Investor Conference
99.4 Announcement on 2020/10/08: September Revenue
99.5 Announcement on 2020/10/15: the trading and pledge of UMC common shares by directors, executive officers and 10% shareholders of UMC
Exhibit 99.1
To represent subsidiary United Semiconductor Japan Co., Ltd. and subsidiary UMC Group Japan on the announcement of merger
Type of merger and acquisition (e.g. merger, spin-off, acquisition, or share transfer): merger
Date of occurrence of the event: 2020/09/29
Names of companies participating in the merger and acquisition (e.g., name of the other company participating in the merger, newly established company in a spin-off, acquired company, or company whose shares are transferred):
United Semiconductor Japan Co., Ltd. and UMC Group Japan
- Trading counterparty (e.g., name of the other company participating in the merger, company spinning off, or trading counterparty to the acquisition or share transfer):
United Semiconductor Japan Co., Ltd. merges UMC Group Japan
Whether the counterparty of the current transaction is a related party: yes
Relationship between the trading counterparty and the Company (investee company in which the Company has re-invested and has shareholding of XX%), explanation of the reasons for the decision to acquire from or transfer shares to an affiliated enterprise or related party, and whether it will affect shareholders’ equity:
United Semiconductor Japan Co., Ltd., the Company’s subsidiary with 100% ownership
UMC Group Japan, the Company’s subsidiary with 100% ownership
Purpose of the merger and acquisition: Simplify investment structure and integrate the consolidation of resources
Anticipated benefits of the merger and acquisition: Consolidation of resources and re-organization
Effect of the merger and acquisition on net worth per share and earnings per share:
The merger between subsidiaries of the Company will not create impact to net worth per share and earnings per share
- Share exchange ratio and calculation assumptions:
According to the local laws and regulations, no share conversion ratio applies due to the reorganization of the inter-group companies.
Whether the CPA, lawyer or securities underwriter issued an unreasonable opinion regarding the transaction: n/a
Name of accounting, law or securities firm: n/a
Name of CPA or lawyer: n/a
Practice certificate number of the CPA: n/a
Estimated date of completion: November 1, 2020
Matters related to the assumption of corporate rights and obligations of the dissolving company (or spin-off) by the existing or newly-established company:
United Semiconductor Japan Co., Ltd. will carry 100% assets and liabilities of UMC Group Japan after the merger
- Basic information of companies participating in the merger:
United Semiconductor Japan Co., Ltd.: semiconductor wafer fabrication
UMC Group Japan: sales office in Japan
Matters related to the spin-off (including estimated value of the business and assets planned to be transferred to the existing company or new company. The total number of shares to be acquired by the spun-off company or its shareholders, and their respective types and no. Matters related to the reduction, if any, in capital of the spun-off company) (note: not applicable for announcements unrelated to spin-offs): n/a
Conditions and restrictions for future transfer of shares resulting from the merger and acquisition: n/a
Other important terms and conditions: n/a
Any objections from directors to the transaction: none
Whether the transaction involved in change of business model: n/a
23.Details on change of business model:
After UMC Group Japan merged into United Semiconductor Japan Co., Ltd., United Semiconductor Japan Co., Ltd. is responsible for the original local wafer sales business in Japan
Details on transactions with the counterparty for the past year and the expected coming year: n/a
Source of funds: n/a
Any other matters that need to be specified: n/a
Exhibit 99.2
Represent subsidiary Nexpower Technology Corporation to announce its board's resolution to dissolve and liquidate the Company
Date of occurrence of the event: 2020/10/16
Company name: Nexpower Technology Corporation
Relationship to the Company (please enter “head office” or “subsidiaries”): subsidiaries
Reciprocal shareholding ratios: NA
Cause of occurrence:
The business environment of the solar cell industry continues to be sluggish, and the company has been losing money for years. In order to avoid continuous losses and preserve shareholder’s equity, Nexpower’s board of directors resolved to dissolve and liquidate the company.
Countermeasures: NA
Any other matters that need to be specified: NA
Exhibit 99.3
UMC will convene Q3 2020 Investor Conference
Date of institutional investor conference: 2020/10/29
Time of institutional investor conference: 17:00
Location of institutional investor conference: Online teleconference
Outline of institutional investor conference: UMC Q3 2020 Financial and Operating Results
Any other matters that need to be specified: None
Exhibit 99.4
United Microelectronics Corporation
October 8, 2020
This is to report the changes or status of 1) Sales volume, 2) Funds lent to other parties, 3) Endorsements and guarantees, and 4) Financial derivative transactions for the period of September 2020.
| 1) | Sales volume (NT$ Thousand) | ||||
|---|---|---|---|---|---|
| Period | Items | 2020 | 2019 | Changes | % |
| --- | --- | --- | --- | --- | --- |
| September | Net sales | 14,533,813 | 10,826,223 | 3,707,590 | 34.25% |
| Year-to-Date | Net sales | 131,524,561 | 106,352,583 | 25,171,978 | 23.67% |
| 2) | Funds lent to other parties (NT$ Thousand) | ||||
| --- | --- | ||||
| Balance as of period end | Last Month<br><br><br>(actual amount provided) | Limit of lending | |||
| --- | --- | --- | |||
| UMC | 5,888,000 | 20,912,696 | |||
| Note: On February 26, 2020, the board of directors resolved to lend funds to USC(Xiamen) for the amount up to US 200 million. The actual amount lent to USC(Xiamen) as of September 30, 2020 was US 70 million. |
All values are in US Dollars.
| 3) | Endorsements and guarantees (NT$ Thousand) | |
|---|---|---|
| Balance as of period end | Last Month<br><br><br>(actual amount provided) | Limit of lending |
| --- | --- | --- |
| UMC (Note1) | 748,000 | 94,107,131 |
| UMC (Note2) | 16,569,991 | 94,107,131 |
| Note1: On December 12, 2018, the board of directors resolved to provide endorsement to Nexpower’s syndicated loan from banks including Bank of Taiwan for the amount up to NT 748 million.<br>Note2: On February 22, 2017, March 7, 2018, October 24, 2018, July 24,2019, December 18, 2019 and July 29, 2020, the board of directors resolved to provide endorsement to USC(Xiamen)’s syndicated loan from banks for the amount up to US 464 million and CNY 900.4 million. |
All values are in US Dollars.
| 4) | Financial derivatives transactions : |
|---|
aNot under hedging accounting: NT$ thousand
UMC
| Financial instruments | Option | Forwards | IRS | |
|---|---|---|---|---|
| Put | Call | |||
| Deposit Paid | 0 | 0 | 0 | 0 |
| Royalty Income (Paid) | 0 | 0 | 0 | 0 |
| Unwritten-off Trading | ||||
| Contracts | 0 | 0 | 174,300 | 0 |
| Fair Value | 0 | 0 | 1,345 | 0 |
| Net profit (loss) from Fair Value | 0 | 0 | 1,345 | 0 |
| Written-off Trading | ||||
| Contracts | 0 | 0 | 8,659,221 | 0 |
| Realized profit (loss) | 0 | 0 | 12,073 | 0 |
Exhibit 99.3
United Microelectronics Corporation
For the month of September, 2020
This is to report 1) the trading of directors, executive officers and 10% shareholders of United Microelectronics Corporation (“UMC”) (NYSE: UMC); 2) the pledge and clear of pledge of UMC common shares by directors, executive officers and 10% shareholders of UMC;
| 1) | The trading of directors, executive officers and 10% shareholders | ||||
|---|---|---|---|---|---|
| Title | Name | Number of shares as of August 31, 2020 | Number of shares as of September 30, 2020 | Changes | |
| --- | --- | --- | --- | --- | |
| Chairman<br><br><br>President<br><br><br>President<br><br><br>Executive Vice President<br><br><br>Senior Vice President<br><br><br>Senior Vice President<br><br><br>Senior Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President<br><br><br>Associate Vice President | Stan Hung<br><br><br>SC Chien<br><br><br>Jason Wang<br><br><br>Ming Hsu<br><br><br>Oliver Chang<br><br><br>Chitung Liu<br><br><br>Lucas S Chang<br><br><br>TS Wu<br><br><br>C C Hsu<br><br><br>M C Lai<br><br><br>G C Hung<br><br><br>Wenchi Ting<br><br><br>Jerry CJ Hu<br><br><br>Y S Shen<br><br><br>Steven S Liu<br><br><br>SR Sheu<br><br><br>M L Liao<br><br><br>S S Hong<br><br><br>Francia Hsu<br><br><br>Eric Chen<br><br><br>Johnson Liu<br><br><br>Victor Chuang<br><br><br>Chuck Chen<br><br><br>S F Tzou<br><br><br>Le Tien Jung<br><br><br>Yau Kae Sheu<br><br><br>J Y Wu<br><br><br>Osbert Cheng<br><br><br>Steven Hsu<br><br><br>Purakh Raj Verma<br><br><br>Yanan Mou<br><br><br>Remi Yu<br><br><br>Michael CY Wang<br><br><br>Ji Fu Kung<br><br><br>C P Yen<br><br><br>Mindy Lin<br><br><br>Pang Min Wang<br><br><br>Ray Yang<br><br><br>Bellona Chen | 39,916,452<br><br><br>6,994,648<br><br><br>10,200,000<br><br><br>933,000<br><br><br>453,589<br><br><br>2,593,217<br><br><br>650,000<br><br><br>869,809<br><br><br>1,152,068<br><br><br>1,526,863<br><br><br>1,350,791<br><br><br>850,000<br><br><br>595,000<br><br><br>675,000<br><br><br>900,000<br><br><br>1,418,892<br><br><br>3,540,809<br><br><br>616,406<br><br><br>641,000<br><br><br>930,000<br><br><br>426,413<br><br><br>124,671<br><br><br>140,000<br><br><br>1,579,108<br><br><br>770,000<br><br><br>850,000<br><br><br>600,191<br><br><br>840,000<br><br><br>550,000<br><br><br>0<br><br><br>0<br><br><br>120,000<br><br><br>0<br><br><br>587,741<br><br><br>952,645<br><br><br>1,167,925<br><br><br>327,126<br><br><br>126,274<br><br><br>255,126 | 59,301,452<br><br><br>19,294,648<br><br><br>28,715,000<br><br><br>9,283,000<br><br><br>6,713,589<br><br><br>8,280,217<br><br><br>4,600,000<br><br><br>4,899,809<br><br><br>5,352,068<br><br><br>5,726,863<br><br><br>5,240,791<br><br><br>4,150,000<br><br><br>4,545,000<br><br><br>4,250,000<br><br><br>4,800,000<br><br><br>4,718,892<br><br><br>6,240,809<br><br><br>4,366,406<br><br><br>4,671,000<br><br><br>5,030,000<br><br><br>2,036,413<br><br><br>1,764,671<br><br><br>1,750,000<br><br><br>3,299,108<br><br><br>2,590,000<br><br><br>2,820,000<br><br><br>2,800,191<br><br><br>2,961,000<br><br><br>2,310,000<br><br><br>1,200,000<br><br><br>1,000,000<br><br><br>2,013,000<br><br><br>1,500,000<br><br><br>1,827,741<br><br><br>2,258,645<br><br><br>3,157,925<br><br><br>1,919,126<br><br><br>1,576,274<br><br><br>1,905,126 | 19,385,000<br><br><br>12,300,000<br><br><br>18,515,000<br><br><br>8,350,000<br><br><br>6,260,000<br><br><br>5,687,000<br><br><br>3,950,000<br><br><br>4,030,000<br><br><br>4,200,000<br><br><br>4,200,000<br><br><br>3,890,000<br><br><br>3,300,000<br><br><br>3,950,000<br><br><br>3,575,000<br><br><br>3,900,000<br><br><br>3,300,000<br><br><br>2,700,000<br><br><br>3,750,000<br><br><br>4,030,000<br><br><br>4,100,000<br><br><br>1,610,000<br><br><br>1,640,000<br><br><br>1,610,000<br><br><br>1,720,000<br><br><br>1,820,000<br><br><br>1,970,000<br><br><br>2,200,000<br><br><br>2,121,000<br><br><br>1,760,000<br><br><br>1,200,000<br><br><br>1,000,000<br><br><br>1,893,000<br><br><br>1,500,000<br><br><br>1,240,000<br><br><br>1,306,000<br><br><br>1,990,000<br><br><br>1,592,000<br><br><br>1,450,000<br><br><br>1,650,000 | |
| 2) | The pledge and clear of pledge of UMC common shares by directors, executive officers and 10% shareholders: | ||||
| --- | --- | ||||
| Title | Name | Number of shares as of August 31, 2020 | Number of shares as of September 30, 2020 | Changes | |
| --- | --- | --- | --- | --- | --- |
| President<br><br><br>Vice President | Jason Wang<br><br><br>M C Lai | 0<br><br><br>1,076,000 | 10,200,000<br><br><br>1,526,000 | 10,200,000<br><br><br>450,000 |