United Microelectronics Corp 6-K, filed Nov 14, 2023

United Microelectronics Corp (UMC)

6-K 2023-11-14 For: 2023-09-30

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Added on April 10, 2026

About this 6-K

United Microelectronics Corp filed this 6-K on November 14, 2023.

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		United Microelectronics Corporation

Date: November 14, 2023	By:	Chitung Liu
	Name:	Chitung Liu
	Title:	CFO

Exhibit No.		Description

99.1		CONSOLIDATED FINANCIAL STATEMENTS

English Translation of Consolidated Financial Statements Originally Issued in Chinese
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
September 30, 2023, December 31, 2022 and September 30, 2022
(Expressed in Thousands of New Taiwan Dollars)

		As of
Assets	Notes	September 30, 2023		December 31, 2022		September 30, 2022
Current assets
Cash and cash equivalents	4, 6(1)	$	140,641,550	$	173,818,777	$	180,649,140
Financial assets at fair value through profit or loss, current	4, 5, 6(2)	431,180		705,918		674,821
Financial assets at fair value through other comprehensive income, current	4, 5, 6(3)	4,707,310		3,213,057		2,446,101
Financial assets measured at amortized cost, current	4, 6(4)	71,492		861,817		896,103
Contract assets, current	4, 6(21)	563,741		373,318		384,060
Notes receivable	4	615		-		-
Accounts receivable, net	4, 6(5)	30,404,235		36,444,510		43,586,419
Accounts receivable-related parties, net	4, 7	700,266		530,577		1,255,658
Other receivables	4	2,182,882		1,807,999		1,615,226
Current tax assets	4	87,405		40,256		18,930
Inventories, net	4, 5, 6(6)	36,560,576		31,069,960		30,101,698
Prepayments		1,943,208		2,783,945		2,573,697
Other current assets	6(21)	985,762		720,904		2,742,785
Total current assets		219,280,222		252,371,038		266,944,638

Non-current assets
Financial assets at fair value through profit or loss, noncurrent	4, 5, 6(2)	16,156,040		17,784,651		18,662,043
Financial assets at fair value through other comprehensive income, noncurrent	4, 5, 6(3)	11,291,959		11,976,543		10,347,617
Financial assets measured at amortized cost, noncurrent	4, 6(4)	278,891		7,491		16,277
Investments accounted for under the equity method	4, 6(7), 7	43,163,604		35,086,289		32,909,670
Property, plant and equipment	4, 6(8), 8	212,366,797		170,982,066		149,118,651
Right-of-use assets	4, 6(9), 8	7,278,723		7,611,991		7,902,894
Intangible assets	4, 6(10), 7	3,982,402		4,275,200		4,200,891
Deferred tax assets	4	5,081,978		5,051,369		5,127,554
Prepayment for equipment		20,557,370		19,439,559		16,427,894
Refundable deposits	8	2,733,780		2,749,691		2,757,248
Other noncurrent assets-others		5,099,190		5,716,204		4,978,543
Total non-current assets		327,990,734		280,681,054		252,449,282

Total assets		$	547,270,956	$	533,052,092	$	519,393,920

English Translation of Consolidated Financial Statements Originally Issued in Chinese
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
September 30, 2023, December 31, 2022 and September 30, 2022
(Expressed in Thousands of New Taiwan Dollars)

		As of
Liabilities and Equity	Notes	September 30, 2023		December 31, 2022		September 30, 2022
Current liabilities
Short-term loans	6(11), 6(28)	$	17,590,000	$	-	$	217,285
Financial liabilities at fair value through profit or loss, current	4, 6(12)	655,219		438,397		313,377
Contract liabilities, current	4, 6(21)	3,127,957		3,546,815		4,317,001
Accounts payable		8,370,695		8,982,418		10,037,509
Other payables	4, 6(20), 6(22), 7	22,623,213		31,279,208		26,755,261
Payables on equipment		15,945,530		18,632,245		19,402,535
Current tax liabilities	4	6,168,142		15,407,351		12,219,606
Lease liabilities, current	4, 6(9), 6(28)	523,373		537,314		559,355
Other financial liabilities, current	6(28), 9(6)	-		17,226,490		17,458,875
Current portion of long-term liabilities	4, 6(13), 6(14), 6(28)	12,484,248		7,586,644		11,975,162
Other current liabilities	4, 6(16), 6(17), 6(28), 7	4,581,861		4,928,283		4,752,395
Total current liabilities		92,070,238		108,565,165		108,008,361

Non-current liabilities
Contract liabilities, noncurrent	4, 6(21)	452,340		438,188		515,830
Bonds payable	4, 6(13), 6(28)	27,977,418		23,083,096		23,081,626
Long-term loans	6(14), 6(28)	21,402,698		16,794,289		23,063,328
Deferred tax liabilities	4	4,272,227		3,372,512		2,125,378
Lease liabilities, noncurrent	4, 6(9), 6(28)	5,008,711		5,199,781		5,283,862
Net defined benefit liabilities, noncurrent	4	2,618,738		2,869,402		3,182,100
Guarantee deposits	6(28)	40,945,178		30,518,585		31,755,646
Other noncurrent liabilities-others	4, 6(16), 6(18), 6(20), 6(28), 9(6)	2,507,219		6,760,135		7,188,418
Total non-current liabilities		105,184,529		89,035,988		96,196,188

Total liabilities		197,254,767		197,601,153		204,204,549

Equity attributable to the parent company
Capital	4, 6(19)
Common stock		125,031,392		125,047,490		124,821,235
Additional paid-in capital	4, 6(19), 6(20)
Premiums		3,997,662		3,215,160		3,215,160
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		466,457		466,457
disposing subsidiaries and the carrying amounts of the subsidiaries
Recognition of changes in subsidiaries’ ownership		-		-		728
Share of changes in net assets of associates and joint ventures accounted for using equity method		351,085		196,359		223,864
Restricted stock for employees		1,486,690		2,221,709		1,507,534
Other		16,698		1,746,193		722,547
Retained earnings	6(19)
Legal reserve		30,472,125		21,566,986		21,566,986
Special reserve		2,734,058		4,914,214		4,914,214
Unappropriated earnings		170,325,099		175,765,824		156,870,484
Other components of equity	4, 6(20)
Exchange differences on translation of foreign operations		(1,682,318)		(6,516,198)		(3,829,854)
Unrealized gains or losses on financial assets measured at fair value through other comprehensive income		10,369,682		3,782,141		924,538
Unearned employee compensation		(996,190)		(1,831,030)		(1,125,451)
Total equity attributable to the parent company		349,677,213		335,107,260		314,810,397

Non-controlling interests	6(19)	338,976		343,679		378,974
Total equity		350,016,189		335,450,939		315,189,371

Total liabilities and equity		$	547,270,956	$	533,052,092	$	519,393,920

English Translation of Consolidated Financial Statements Originally Issued in Chinese
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the three-month and nine-month periods ended September 30, 2023 and 2022
(Expressed in Thousands of New Taiwan Dollars, Except for Earnings per Share)

		For the three-month periods ended September 30,				For the nine-month periods ended September 30,
	Notes	2023		2022		2023		2022
Operating revenues	4, 6(21), 7	$	57,068,867	$	75,391,589	$	167,574,722	$	210,869,549
Operating costs	4, 6(6), 6(10), 6(15), 6(20), 6(21), 6(22), 7	(36,607,915)		(39,727,658)		(107,637,178)		(114,229,111)
Gross profit		20,460,952		35,663,931		59,937,544		96,640,438
Operating expenses	4, 6(5), 6(10), 6(15), 6(20), 6(22), 7
Sales and marketing expenses		(735,301)		(1,060,571)		(2,401,919)		(3,230,229)
General and administrative expenses		(1,729,613)		(2,427,887)		(5,546,533)		(7,234,202)
Research and development expenses		(3,255,295)		(3,304,471)		(9,339,267)		(9,546,769)
Expected credit impairment gains (losses)		(1,490)		(650)		67,331		(2,388)
Subtotal		(5,721,699)		(6,793,579)		(17,220,388)		(20,013,588)
Net other operating income and expenses	4, 6(16), 6(23)	572,641		1,286,907		2,750,179		4,028,600
Operating income		15,311,894		30,157,259		45,467,335		80,655,450
Non-operating income and expenses
Interest income	4	1,042,421		567,459		3,560,433		1,022,139
Other income	4	1,085,610		1,927,245		1,731,597		2,134,827
Other gains and losses	4, 6(24)	(180,905)		(1,476,153)		276,553		(830,069)
Finance costs	6(24)	(450,410)		(450,828)		(1,147,099)		(1,433,798)
Share of profit or loss of associates and joint ventures	4, 6(7)	1,021,601		327,916		4,995,712		(3,557,052)
Bargain purchase gain	4, 6(7)	494,001		-		494,001		-
Exchange gain, net	4	324,188		1,292,810		883,815		3,579,599
Subtotal		3,336,506		2,188,449		10,795,012		915,646
Income from continuing operations before income tax		18,648,400		32,345,708		56,262,347		81,571,096
Income tax expense	4, 6(26)	(2,682,608)		(5,003,346)		(8,015,335)		(12,672,667)
Net income		15,965,792		27,342,362		48,247,012		68,898,429
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 fair value through other comprehensive income	4	1,021,042		(2,346,582)		3,845,668		(7,041,947)
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss		30,976		(905,389)		1,503,358		(3,558,905)
Income tax related to items that will not be reclassified subsequently	4, 6(26)	47,493		(29,445)		42,428		(190,740)
Items that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operations		5,854,132		7,622,357		4,349,130		12,755,060
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss		248,501		54,033		169,593		166,724
Income tax related to items that may be reclassified subsequently	4, 6(26)	(64,067)		(59,455)		315,186		(122,002)
Total other comprehensive income (loss)		7,138,077		4,335,519		10,225,363		2,008,190
Total comprehensive income (loss)		$	23,103,869	$	31,677,881	$	58,472,375	$	70,906,619

Net income (loss) attributable to:
Shareholders of the parent		$	15,970,917	$	26,996,184	$	47,794,836	$	68,130,535
Non-controlling interests		(5,125)		346,178		452,176		767,894
		$	15,965,792	$	27,342,362	$	48,247,012	$	68,898,429

Comprehensive income (loss) attributable to:
Shareholders of the parent		$	23,108,943	$	31,331,661	$	58,020,170	$	70,138,636
Non-controlling interests		(5,074)		346,220		452,205		767,983
		$	23,103,869	$	31,677,881	$	58,472,375	$	70,906,619

Earnings per share (NTD)	4, 6(27)
Earnings per share-basic		$	1.29	$	2.19	$	3.87	$	5.54
Earnings per share-diluted		$	1.27	$	2.14	$	3.79	$	5.38


The accompanying notes are an integral part of the consolidated financial statements.

English Translation of Consolidated Financial Statements Originally Issued in Chinese
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For the nine-month periods ended September 30, 2023 and 2022
(Expressed in Thousands of New Taiwan Dollars)

		Equity Attributable to the Parent Company
		Capital				Retained Earnings						Other Components of Equity
	Notes	Common Stock		Additional Paid-in Capital		Legal Reserve		Special Reserve		Unappropriated Earnings		Exchange Differences on Translation of Foreign Operations		Unrealized Gains or Losses on Financial Assets Measured at Fair Value through Other Comprehensive Income		Unearned Employee Compensation		Total		Non- Controlling Interests		Total Equity
Adjusted balance as of January 1, 2022	6(19)	$	124,832,476	$	47,898,093	$	15,734,416	$	8,164,648	$	91,322,882	$	(16,629,547)	$	11,715,333	$	(2,212,441)	$	280,825,860	$	157,092	$	280,982,952
Appropriation and distribution of 2021 retained earnings	6(19)
Legal reserve		-		-		5,832,570		-		(5,832,570)		-		-		-		-		-		-
Special reserve reversed		-		-		-		(3,250,434)		3,250,434		-		-		-		-		-		-
Cash distributed from additional paid-in capital	6(19)	-		(37,446,370)		-		-		-		-		-		-		(37,446,370)		-		(37,446,370)
Net income for the nine-month period ended September 30, 2022	6(19)	-		-		-		-		68,130,535		-		-		-		68,130,535		767,894		68,898,429
Other comprehensive income (loss), for the nine-month period ended September 30, 2022	6(19), 6(25)	-		-		-		-		-		12,799,693		(10,791,592)		-		2,008,101		89		2,008,190
Total comprehensive income (loss)		-		-		-		-		68,130,535		12,799,693		(10,791,592)		-		70,138,636		767,983		70,906,619
Share-based payment transaction	4, 6(20)	(11,241)		40,500		-		-		-		-		-		1,086,990		1,116,249		-		1,116,249
Share of changes in net assets of associates and joint ventures accounted for		-		135,975		-		-		(797)		-		797		-		135,975		-		135,975
using equity method
Changes in subsidiaries’ ownership	4, 6(19)	-		1,366		-		-		-		-		-		-		1,366		(728)		638
Non-Controlling Interests	6(19)	-		-		-		-		-		-		-		-		-		5,356		5,356
Others	6(19)	-		38,681		-		-		-		-		-		-		38,681		(550,729)		(512,048)
Balance as of September 30, 2022	6(19)	$	124,821,235	$	10,668,245	$	21,566,986	$	4,914,214	$	156,870,484	$	(3,829,854)	$	924,538	$	(1,125,451)	$	314,810,397	$	378,974	$	315,189,371

Balance as of January 1, 2023	6(19)	$	125,047,490	$	12,377,833	$	21,566,986	$	4,914,214	$	175,765,824	$	(6,516,198)	$	3,782,141	$	(1,831,030)	$	335,107,260	$	343,679	$	335,450,939
Appropriation and distribution of 2022 retained earnings	6(19)
Legal reserve		-		-		8,905,139		-		(8,905,139)		-		-		-		-		-		-
Special reserve reversed		-		-		-		(2,180,156)		2,180,156		-		-		-		-		-		-
Cash dividends		-		-		-		-		(45,017,096)		-		-		-		(45,017,096)		-		(45,017,096)
Net income for the nine-month period ended September 30, 2023	6(19)	-		-		-		-		47,794,836		-		-		-		47,794,836		452,176		48,247,012
Other comprehensive income (loss), for the nine-month period ended September 30, 2023	6(19), 6(25)	-		-		-		-		-		4,833,880		5,391,454		-		10,225,334		29		10,225,363
Total comprehensive income (loss)		-		-		-		-		47,794,836		4,833,880		5,391,454		-		58,020,170		452,205		58,472,375
Share-based payment transaction	4, 6(20)	(16,098)		47,483		-		-		(5,170)		-		-		834,840		861,055		5,170		866,225
Share of changes in net assets of associates and joint ventures accounted for		-		37,462		-		-		432,357		-		(432,357)		-		37,462		-		37,462
using equity method
Disposal of investments accounted for under the equity method		-		117,264		-		-		(56)		-		56		-		117,264		-		117,264
The differences between the fair value of the consideration paid or received from acquiring	9(6)	-		2,572,818		-		-		-		-		-		-		2,572,818		-		2,572,818
or disposing subsidiaries and the carrying amounts of the subsidiaries
Changes in subsidiaries’ ownership	4, 6(19)	-		-		-		-		(292,225)		-		-		-		(292,225)		(14)		(292,239)
Disposal of equity instruments investments measured at fair value through other	4, 6(3)	-		-		-		-		(1,628,388)		-		1,628,388		-		-		-		-
comprehensive income
Non-Controlling Interests	6(19)	-		-		-		-		-		-		-		-		-		1,356		1,356
Others	6(19)	-		(1,729,495)		-		-		-		-		-		-		(1,729,495)		(463,420)		(2,192,915)
Balance as of September 30, 2023	6(19)	$	125,031,392	$	13,423,365	$	30,472,125	$	2,734,058	$	170,325,099	$	(1,682,318)	$	10,369,682	$	(996,190)	$	349,677,213	$	338,976	$	350,016,189

English Translation of Consolidated Financial Statements Originally Issued in Chinese
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the nine-month periods ended September 30, 2023 and 2022
(Expressed in Thousands of New Taiwan Dollars)

	For the nine-month periods ended September 30,
	2023		2022
Cash flows from operating activities:
Net income before tax	$	56,262,347	$	81,571,096
Adjustments to reconcile net income before tax to net cash provided by operating activities:
Depreciation	27,804,544		31,536,365
Amortization	1,958,175		2,155,939
Expected credit impairment losses (gains)	(67,331)		2,388
Net loss (gain) of financial assets and liabilities at fair value through profit or loss	(168,392)		896,807
Interest expense	1,060,548		1,368,930
Interest income	(3,560,433)		(1,022,139)
Dividend income	(1,731,597)		(2,134,827)
Share-based payment	866,225		1,116,887
Share of loss (profit) of associates and joint ventures	(4,995,712)		3,557,052
Gain on disposal of property, plant and equipment	(216,476)		(441,140)
Gain on disposal of investments accounted for under the equity method	(19,620)		-
Loss on repurchases of bonds	-		182,915
Exchange loss on financial assets and liabilities	1,188,481		3,034,111
Bargain purchase gain	(494,001)		-
Loss (gain) on lease modification	173		(1,366)
Amortization of deferred government grants	(2,226,363)		(3,183,725)
Income and expense adjustments	19,398,221		37,068,197
Changes in operating assets and liabilities:
Financial assets and liabilities at fair value through profit or loss	2,256,874		(310,252)
Contract assets	(204,729)		(64,648)
Notes receivable and accounts receivable	5,999,448		(9,001,918)
Other receivables	(73,359)		(602,475)
Inventories	(5,446,760)		(6,576,121)
Prepayments	1,306,725		(3,048,362)
Other current assets	-		(57,220)
Contract fulfillment costs	(261,413)		(56,070)
Contract liabilities	(476,711)		526,918
Accounts payable	(584,183)		1,559,946
Other payables	(8,635,295)		4,641,822
Other current liabilities	195,046		77,522
Net defined benefit liabilities	(250,664)		(695,221)
Other noncurrent liabilities-others	(81,634)		(12,213)
Cash generated from operations	69,403,913		105,021,001
Interest received	3,373,131		916,082
Dividend received	3,617,513		4,119,483
Interest paid	(614,647)		(818,724)
Income tax paid	(15,996,973)		(4,333,087)
Net cash provided by operating activities	59,782,937		104,904,755

New, Revised or Amended Standards and Interpretations		Effective Date issued by IASB
Amendments to IAS 1 “Presentation of Financial Statements” - Classification of Liabilities as Current or Non-current		January 1, 2024
Amendments to IAS 1 “Presentation of Financial Statements” - Non-current Liabilities with Covenants		January 1, 2024
Amendments to IFRS 16 “Leases” - Lease Liability in a Sale and Leaseback		January 1, 2024
Amendments to IAS 7 “Statement of Cash Flows” and IFRS 7 “Financial Instruments: Disclosures” - Supplier Finance Arrangements		January 1, 2024


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 Ventures		To be determined by IASB
IFRS 17 “Insurance Contracts”		January 1, 2023
Amendments to IAS 21 “The Effects of Changes in Foreign Exchange Rates” - Lack of Exchangeability		January 1, 2025


			Percentage of ownership (%) As of
Investor	Subsidiary	Business nature	September 30, 2023	December 31, 2022	September 30, 2022
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	80.12	80.14	80.14
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	99.01	100.00	100.00

TERA ENERGY	EVERRICH ENERGY INVESTMENT (HK) LIMITED (EVERRICH-HK)	Investment holding	100.00	100.00	100.00
EVERRICH-HK	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	-	-
WAVETEK	WAVETEK MICROELECTRONICS INVESTMENT (SAMOA) LIMITED (WAVETEK-SAMOA)	Investment holding	-	100.00	100.00
WAVETEK- SAMOA	WAVETEK MICROELECTRONICS CORPORATION (USA)	Marketing service	-	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	99.9985	99.9985	99.9985
HEJIAN	UNITEDDS SEMICONDUCTOR (SHANDONG) CO., LTD.	Integrated circuits design services	100.00	100.00	100.00
UNITED MICROCHIP CORPORATION and HEJIAN	UNITED SEMICONDUCTOR (XIAMEN) CO., LTD. (USCXM)	Sales and manufacturing of integrated circuits	100.00	71.86	69.95

	For the three-month periods ended September 30,
	2023	2022
Held at end of period	$676,175	$1,431,931
Derecognized during the period	142,535	-
Total	$818,710	$1,431,931

	For the nine-month periods ended September 30,
	2023	2022
Held at end of period	$1,052,336	$1,431,931
Derecognized during the period	142,535	-
Total	$1,194,871	$1,431,931

	Land	Buildings	Machinery and equipment	Transportation equipment	Furniture and fixtures	Leasehold improvement	Construction in progress and equipment awaiting inspection	Total
As of January 1, 2023	$1,470,216	$37,597,769	$953,819,688	$64,923	$8,061,993	$63,075	$55,363,943	$1,056,441,607
Additions	-	70,968	-	-	-	-	58,825,175	58,896,143
Disposals	-	(2,664)	(5,327,710)	-	(24,140)	-	-	(5,354,514)
Transfers and reclassifications	-	721,892	55,186,277	5,888	862,261	425	(47,386,390)	9,390,353
Exchange effect	(43,047)	(33,573)	6,794,530	539	12,854	1,576	493,403	7,226,282
As of September 30, 2023	$1,427,169	$38,354,392	$1,010,472,785	$71,350	$8,912,968	$65,076	$67,296,131	$1,126,599,871


(continued)


(continued)

	Goodwill	Software	Patents and technology license fees	Others	Total
As of January 1, 2023	$15,012	$5,669,787	$3,422,432	$2,953,984	$12,061,215
Additions	-	1,197,520	45,717	328,499	1,571,736
Write-off	-	(1,443,237)	(1,806,545)	(350,949)	(3,600,731)
Reclassifications	-	(9,276)	-	-	(9,276)
Exchange effect	-	(97,488)	44,728	(10,814)	(63,574)
As of September 30, 2023	$15,012	$5,317,306	$1,706,332	$2,920,720	$9,959,370


Term	Issuance date	Issued amount	Coupon rate	Repayment
Ten-year	In mid-June 2014	NT$3,000 million	1.95%	Interest will be paid annually and the principal will be repayable in June 2024 upon maturity.
Five-year	In late March 2017	NT$6,200 million	1.15%	Interest was paid annually and the principal was fully repaid in March 2022.
Seven-year	In late March 2017	NT$2,100 million	1.43%	Interest will be paid annually and the principal will be repayable in March 2024 upon maturity.
Five-year	In early October 2017	NT$2,000 million	0.94%	Interest was paid annually and the principal was fully repaid in October 2022. (Note)
Seven-year	In early October 2017	NT$3,400 million	1.13%	Interest will be paid annually and the principal will be repayable in October 2024 upon maturity.
Five-year	In late April 2021	NT$5,500 million	0.57%	Interest will be paid annually and the principal will be repayable in April 2026 upon maturity.
Seven-year	In late April 2021	NT$2,000 million	0.63%	Interest will be paid annually and the principal will be repayable in April 2028 upon maturity.
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 in April 2031 upon maturity.
Five-year	In mid-December 2021	NT$5,000 million	0.63%	Interest will be paid annually and the principal will be repayable in December 2026 upon maturity.
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 in September 2028 upon maturity.


	As of
Lenders	September 30, 2023	December 31, 2022	September 30, 2022	Redemption
Secured Long-Term Loan from Mega International Commercial Bank (1)	$6,082	$9,732	$10,948	Repayable quarterly from October 24, 2019 to October 24, 2024 with monthly interest payments. Interest-only payment for the first year.
Secured Long-Term Loan from Mega International Commercial Bank (2)	14,824	18,000	18,000	Repayable quarterly from February 23, 2022 to February 22, 2027 with monthly interest payments. Interest-only payment for the first year.
Secured Long-Term Loan from Mega International Commercial Bank (3)	49,824	60,500	-	Repayable quarterly from December 22, 2022 to February 23, 2027 with monthly interest payments. Interest-only payment for the first year.
Secured Long-Term Loan from Taiwan Cooperative Bank (1)	26,757	35,676	38,649	Repayable quarterly from October 19, 2015 to October 19, 2025 with monthly interest payments. Interest-only payment for the first year.
Secured Long-Term Loan from Taiwan Cooperative Bank (2)	-	4,375	6,563	Repayable monthly from May 31, 2019 to May 31, 2023 with monthly interest payments.
Secured Long-Term Loan from Taiwan Cooperative Bank (3)	23,000	32,000	35,000	Repayable monthly from August 13, 2020 to August 13, 2025 with monthly interest payments.
Secured Long-Term Loan from Taiwan Cooperative Bank (4)	12,414	16,552	18,103	Repayable monthly from October 29, 2020 to August 29, 2025 with monthly interest payments.
Secured Long-Term Loan from Taiwan Cooperative Bank (5)	65,229	84,166	90,479	Repayable monthly from April 15, 2021 to April 15, 2026 with monthly interest payments. Interest-only payment for the first year.
Secured Syndicated Loans from China Development Bank and 6 others (1)	-	1,915,577	10,504,114	Repayable semi-annually from October 20, 2016 to October 19, 2024 with semi-annually interest payments. Interest-only payment for the first and the second year.

Secured Syndicated Loans from China Development Bank and 6 others (2)	$12,035,465	$12,415,200	$12,597,200	Repayable semi-annually from March 19, 2021 to March 18, 2031 with semi-annually interest payments. Interest-only payment for the first and the second year.
Secured Long-Term Loan from First Commercial Bank	38,524	47,000	47,000	Repayable monthly from December 2, 2021 to December 2, 2026 with monthly interest payments. Interest-only payment for the first year.
Secured Long-Term Loan from KGI Bank	21,000	21,000	21,000	Repayable semi-annually from December 27, 2021 to December 25, 2026 with monthly interest payments. Interest-only payment for the first and the second year.
Secured Long-Term Loan from Shanghai Commercial Bank (1)	18,037	22,200	22,200	Repayable monthly from January 19, 2022 to December 15, 2026 with monthly interest payments. Interest-only payment for the first year.
Secured Long-Term Loan from Shanghai Commercial Bank (2)	4,980	-	-	Repayable quarterly from March 23, 2023 to March 15, 2028 with monthly interest payments. Interest-only payment for the first year.
Secured Long-Term Loan from Shanghai Commercial Bank (3)	45,000	-	-	Repayable quarterly from June 6, 2023 to March 15, 2028 with monthly interest payments. Interest-only payment for the first year.
Secured Long-Term Loan from CTBC Bank	131,750	-	-	Repayable semi-annually from September 25, 2023 to September 25, 2028 with monthly interest payments. Interest-only payment for the first and the second year.
Unsecured Long-Term Loan from Bank of China	1,759,381	1,797,364	1,856,932	Repayable semi-annually from June 24, 2023 to June 24, 2026 with quarterly interest payments.
Unsecured Long-Term Loan from Bank of Taiwan (1)	-	-	375,000	Repayable quarterly from March 10, 2022 to December 10, 2024 with monthly interest payments.
Unsecured Long-Term Loan from Bank of Taiwan (2)	1,500,000	2,000,000	450,000	Repayable quarterly from March 24, 2023 to December 24, 2025 with monthly interest payments.

Unsecured Revolving Loan from First Commercial Bank (1) (Note A and B)	$300,000	$300,000	$300,000	Settlement due on February 25, 2026 with monthly interest payments.
Unsecured Revolving Loan from First Commercial Bank (2) (Note A and B)	300,000	300,000	300,000	Settlement due on March 15, 2026 with monthly interest payments.
Unsecured Revolving Loan from First Commercial Bank (3) (Note A and B)	200,000	200,000	200,000	Settlement due on June 15, 2026 with monthly interest payments.
Unsecured Revolving Loan from Yuanta Commercial Bank (Note C)	3,000,000	-	600,000	Repayable annually from March 2, 2023 to March 2, 2026 with monthly interest payments.
Unsecured Revolving Loan from CTBC Bank (Note D)	4,000,000	-	-	Settlement due on July 20, 2025 with monthly interest payments.
Subtotal	23,552,267	19,279,342	27,491,188
Less: Current portion	(2,149,569)	(2,485,053)	(4,427,860)
Total	$21,402,698	$16,794,289	$23,063,328

	Appropriation of earnings (in thousand NT dollars)		Cash dividend per share (NT dollars)
	2022	2021	2022	2021
Legal reserve	$8,905,139	$5,832,570
Special reserve	(2,180,156)	(3,250,434)
Cash dividends	45,017,096	-	$3.60	$-

	Granted in June 2021	Granted in September 2020
Share price of measurement date (NT$/ per share)	$45.20	$45.20
Expected volatility	23.97% - 33.75%	25.75%
Expected life	0.69 - 1.69 years	0.92 years
Expected dividend yield	6.02%	6.02%
Risk-free interest rate	0.98% - 1.02%	0.99%

	2022	2021
Employees’ compensation – Cash	$9,160,485	$4,770,909
Directors’ compensation	45,000	25,264


	For the three-month period ended September 30, 2023
	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	$1,021,042	$-	$1,021,042	$47,493	$1,068,535
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss	30,976	-	30,976	-	30,976
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations	5,854,132	-	5,854,132	(59,199)	5,794,933
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss	248,501	-	248,501	(4,868)	243,633
Total other comprehensive income (loss)	$7,154,651	$-	$7,154,651	$(16,574)	$7,138,077

	For the nine-month period ended September 30, 2023
	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	$3,845,668	$-	$3,845,668	$42,428	$3,888,096
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss	1,503,358	-	1,503,358	-	1,503,358
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations	4,349,130	-	4,349,130	322,182	4,671,312
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss	171,006	(1,413)	169,593	(6,996)	162,597
Total other comprehensive income (loss)	$9,869,162	$(1,413)	$9,867,749	$357,614	$10,225,363


			Non-cash changes
Items	As of January 1, 2023	Cash Flows	Foreign exchange	Others (Note A)	As of September 30, 2023
Short-term loans	$-	$17,590,000	$-	$-	$17,590,000
Long-term loans (current portion included)	19,279,342	4,232,853	40,072	-	23,552,267
Bonds payable (current portion included)	28,184,687	10,000,000	-	127,410 (Note B)	38,312,097
Guarantee deposits (current portion included)	30,757,001	9,703,390	1,847,039	-	42,307,430 (Note C)
Lease liabilities	5,737,095	(495,036)	19,028	270,997	5,532,084
Other financial liabilities (Note D)	21,449,487	(21,209,443)	(330,783)	90,739	-


			Non-cash changes
Items	As of January 1, 2022	Cash Flows	Foreign exchange	Others (Note A)	As of September 30, 2022
Short-term loans	$1,924,124	$(1,759,376)	$52,537	$-	$217,285
Long-term loans (current portion included)	36,624,907	(10,940,671)	1,806,952	-	27,491,188
Bonds payable (current portion included)	40,536,658	(10,763,239)	-	855,509 (Note B)	30,628,928
Guarantee deposits (current portion included)	14,369,769	15,374,267	2,202,442	-	31,946,478 (Note C)
Lease liabilities	5,068,754	(538,134)	98,151	1,214,446	5,843,217
Other financial liabilities (Note D)	20,966,209	-	620,509	137,282	21,724,000

Name of related parties		Relationship with the Company
FARADAY TECHNOLOGY CORP. and its Subsidiaries		Associate
UNIMICRON TECHNOLOGY CORP.		Associate
SILICON INTEGRATED SYSTEMS CORP.		Associate (Note)
PHOTRONICS DNP MASK CORPORATION		Other related party
XIAMEN JINYUAN INDUSTRIAL DEVELOPMENT CO., LTD.		Directors and supervisors of subsidiaries
FUJIAN ELECTRONICS & INFORMATION INDUSTRY ENTREPRENEURSHIP INVESTMENT LIMITED PARTNERSHIP		Directors of subsidiaries

				Purchase price
	Trading Capital Amount (In thousands of dollars)		Transaction underlying	For the three-month period ended September 30, 2023	For the nine-month period ended September 30, 2023
XIAMEN JINYUAN INDUSTRIAL DEVELOPMENT CO., LTD.	RMB	3,741,862	Ownership of USCXM	$17,945,970	$17,945,970
FUJIAN ELECTRONICS & INFORMATION INDUSTRY ENTREPRENEURSHIP INVESTMENT LIMITED PARTNERSHIP	RMB	674,762	Ownership of USCXM	3,263,473	3,263,473
Total	RMB	4,416,624		$21,209,443	$21,209,443


	Carrying Amount
	As of
	September 30, 2023	December 31, 2022	September 30, 2022	Party to which asset(s) was pledged	Purpose of pledge
Refundable Deposits (Time deposit)	$813,289	$812,248	$812,248	Customs	Customs duty guarantee
Refundable Deposits (Time deposit)	236,556	236,587	236,587	Science Park Bureau	Collateral for land lease
Refundable Deposits (Time deposit)	18,647	29,371	20,619	Science Park Bureau	Collateral for dormitory lease
Refundable Deposits (Time deposit)	64,950	64,950	64,950	National Property Administration, Ministry of Finance	Guarantee for the application of national non-public use land for development
Refundable Deposits (Time deposit)	8,118	8,118	8,118	Bureau of Land Administration, Tainan City Government	Guarantee for the application of national non-public use land for development
Refundable Deposits (Time deposit)	36,970	34,100	34,100	Liquefied Natural Gas Business Division, CPC Corporation, Taiwan	Energy resources guarantee
Refundable Deposits (Time deposit)	1,006,989	1,043,840	1,044,490	Bank of China and Agricultural Bank of China	Bank performance guarantee

Refundable Deposits (Time deposit)	$483,150	$459,750	$475,350	CTBC Bank Singapore Branch	Collateral for letter of credit
Refundable Deposits (Bank deposit)	-	-	7,653	Shanghai Commercial Bank	Collateral for letter of credit
Buildings	4,640,552	4,828,597	4,964,508	Taiwan Cooperative Bank and Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Machinery and equipment	8,762,045	14,066,044	16,803,294	Taiwan Cooperative Bank, Mega International Commercial Bank, KGI Bank, First Commercial Bank, Shanghai Commercial Bank, CTBC Bank and Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Transportation equipment	171	592	815	Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Furniture and fixtures	10,054	46,823	75,458	Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Right-of-use assets	273,636	278,230	284,037	Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Total	$16,355,127	$21,909,250	$24,832,227

	As of
Financial Assets	September 30, 2023	December 31, 2022	September 30, 2022
Financial assets at fair value through profit or loss	$16,587,220	$18,490,569	$19,336,864
Financial assets at fair value through other comprehensive income	15,999,269	15,189,600	12,793,718
Financial assets measured at amortized cost
Cash and cash equivalents (cash on hand excluded)	140,635,332	173,812,754	180,643,356
Receivables	33,287,998	38,783,086	46,457,303
Refundable deposits	2,733,780	2,749,691	2,757,248
Other financial assets	350,383	869,308	2,969,600
Total	$209,593,982	$249,895,008	$264,958,089

Financial Liabilities
Financial liabilities at fair value through profit or loss	$655,219	$438,397	$313,377
Financial liabilities measured at amortized cost
Short-term loans	17,590,000	-	217,285
Payables	46,939,438	58,893,871	56,195,305
Guarantee deposits (current portion included)	42,307,430	30,757,001	31,946,478
Bonds payable (current portion included)	38,312,097	28,184,687	30,628,928
Long-term loans (current portion included)	23,552,267	19,279,342	27,491,188
Lease liabilities	5,532,084	5,737,095	5,843,217
Other financial liabilities	-	21,449,487	21,724,000
Total	$174,888,535	$164,739,880	$174,359,778

	As of September 30, 2023
	Less than 1 year	2 to 3 years	4 to 5 years	> 5 years	Total
Non-derivative financial liabilities
Short-term loans	$17,915,077	$-	$-	$-	$17,915,077
Payables	46,649,016	-	-	-	46,649,016
Guarantee deposits	1,362,252	3,710,010	169,649	37,065,519	42,307,430
Bonds payable (Note)	11,404,553	9,389,820	17,371,600	2,136,533	40,302,506
Long-term loans	2,822,956	14,751,666	4,739,189	3,998,711	26,312,522
Lease liabilities	649,756	1,326,962	1,227,133	3,890,687	7,094,538
Total	$80,803,610	$29,178,458	$23,507,571	$47,091,450	$180,581,089

	As of December 31, 2022
	Less than 1 year	2 to 3 years	4 to 5 years	> 5 years	Total
Non-derivative financial liabilities
Payables	$58,767,584	$-	$-	$-	$58,767,584
Guarantee deposits	238,416	3,867,087	169,419	26,482,079	30,757,001
Bonds payable (Note)	322,155	8,742,481	10,593,656	4,151,128	23,809,420
Long-term loans	3,246,153	8,425,744	7,798,280	3,031,293	22,501,470
Lease liabilities	658,092	1,222,822	1,207,385	4,299,914	7,388,213
Other financial liabilities	17,233,129	4,308,513	-	-	21,541,642
Total	$80,465,529	$26,566,647	$19,768,740	$37,964,414	$164,765,330

	As of September 30, 2022
	Less than 1 year	2 to 3 years	4 to 5 years	> 5 years	Total
Non-derivative financial liabilities
Short-term loans	$217,752	$-	$-	$-	$217,752
Payables	55,779,792	-	-	-	55,779,792
Guarantee deposits	190,832	3,717,837	937,407	27,100,402	31,946,478
Bonds payable (Note)	2,356,705	8,774,218	10,609,369	4,157,848	25,898,140
Long-term loans	5,545,796	12,064,192	9,803,576	4,613,621	32,027,185
Lease liabilities	686,025	1,256,632	1,209,483	4,356,586	7,508,726
Other financial liabilities	17,485,758	4,371,673	-	-	21,857,431
Total	$82,262,660	$30,184,552	$22,559,835	$40,228,457	$175,235,504