United Microelectronics Corp 6-K, filed May 15, 2023

United Microelectronics Corp (UMC)

6-K 2023-05-15 For: 2023-03-31

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Added on April 10, 2026

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United Microelectronics Corp filed this 6-K on May 15, 2023.

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		United Microelectronics Corporation

Date: May 15, 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
March 31, 2023, December 31, 2022 and March 31, 2022 (March 31, 2023 and 2022 are unaudited)
(Expressed in Thousands of New Taiwan Dollars)

			As of
Assets	Notes		March 31, 2023		December 31, 2022		March 31, 2022
Current assets
Cash and cash equivalents		4, 6(1)	$	171,834,458	$	173,818,777	$	172,170,231
Financial assets at fair value through profit or loss, current		4, 5, 6(2)		751,386		705,918		775,035
Financial assets at fair value through other comprehensive income, current		4, 5, 6(3)		4,394,403		3,213,057		6,082,662
Financial assets measured at amortized cost, current		4, 6(4)		259,264		861,817		3,026,877
Contract assets, current		4, 6(21)		335,456		373,318		338,593
Accounts receivable, net		4, 6(5)		26,674,425		36,444,510		37,079,955
Accounts receivable-related parties, net		4, 7		390,603		530,577		967,590
Other receivables		4		1,838,971		1,807,999		775,428
Current tax assets		4		65,094		40,256		12,137
Inventories, net		4, 5, 6(6)		32,678,867		31,069,960		25,400,701
Prepayments				1,982,304		2,783,945		2,378,980
Other current assets		6(21)		761,984		720,904		674,980
Total current assets				241,967,215		252,371,038		249,683,169

Non-current assets
Financial assets at fair value through profit or loss, noncurrent		4, 5, 6(2)		18,056,411		17,784,651		21,557,371
Financial assets at fair value through other comprehensive income, noncurrent		4, 5, 6(3)		13,869,030		11,976,543		12,086,558
Financial assets measured at amortized cost, noncurrent		4, 6(4)		7,491		7,491		8,786
Investments accounted for under the equity method		4, 6(7), 7		40,153,924		35,086,289		38,747,795
Property, plant and equipment		4, 6(8), 8		192,184,500		170,982,066		130,956,078
Right-of-use assets		4, 6(9), 8		7,540,463		7,611,991		7,156,909
Intangible assets		4, 6(10), 7		3,970,977		4,275,200		3,602,842
Deferred tax assets		4		5,070,034		5,051,369		5,093,475
Prepayment for equipment				18,502,796		19,439,559		9,123,328
Refundable deposits		8		2,749,664		2,749,691		2,390,529
Other noncurrent assets-others				5,558,609		5,716,204		2,501,676
Total non-current assets				307,663,899		280,681,054		233,225,347

Total assets			$	549,631,114	$	533,052,092	$	482,908,516

(continued)

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

			As of
Liabilities and Equity	Notes		March 31, 2023			December 31, 2022			March 31, 2022
Current liabilities
Short-term loans		6(11), 6(28)	$	100,000		$	-		$	1,339,861
Financial liabilities at fair value through profit or loss, current		4, 6(12)		782,936			438,397			1,158,090
Contract liabilities, current		4, 6(21)		3,269,274			3,546,815			4,396,351
Accounts payable				9,213,490			8,982,418			9,062,406
Other payables		4, 6(20), 6(22), 7		28,078,902			31,279,208			22,601,232
Payables on equipment				18,438,429			18,632,245			7,631,442
Current tax liabilities		4		14,615,454			15,407,351			6,658,032
Lease liabilities, current		4, 6(9), 6(28)		541,733			537,314			567,191
Other financial liabilities, current		6(28), 9(6)		17,314,748			17,226,490			13,207,549
Current portion of long-term liabilities		4, 6(13), 6(14), 6(28)		9,674,114			7,586,644			21,238,091
Other current liabilities		4, 6(16), 6(17), 6(28), 7		3,856,904			4,928,283			5,260,151
Total current liabilities				105,885,984			108,565,165			93,120,396

Non-current liabilities
Contract liabilities, noncurrent		4, 6(21)		426,860			438,188			594,714
Bonds payable		4, 6(13), 6(28)		20,985,894			23,083,096			23,078,853
Long-term loans		6(14), 6(28)		16,317,372			16,794,289			26,988,132
Deferred tax liabilities		4		3,874,127			3,372,512			1,970,842
Lease liabilities, noncurrent		4, 6(9), 6(28)		5,186,609			5,199,781			4,482,036
Net defined benefit liabilities, noncurrent		4		2,642,055			2,869,402			3,214,784
Guarantee deposits		6(28)		32,193,560			30,518,585			14,681,440
Other noncurrent liabilities-others		4, 6(16), 6(18), 6(20), 6(28), 9(6)		6,568,590			6,760,135			12,492,212
Total non-current liabilities				88,195,067			89,035,988			87,503,013

Total liabilities				194,081,051			197,601,153			180,623,409

Equity attributable to the parent company
Capital		4, 6(19)
Common stock				125,047,490			125,047,490			124,821,235
Additional paid-in capital		4, 6(19), 6(20)
Premiums				3,215,160			3,215,160			39,889,798
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 disposing subsidiaries and the carrying amounts of the subsidiaries				466,457			466,457			466,457
Recognition of changes in subsidiaries’ ownership				-			-			1,338
Share of changes in net assets of associates and joint ventures accounted for using equity method				339,737			196,359			87,869
Restricted stock for employees				2,221,709			2,221,709			2,249,369
Other				2,200,688			1,746,193			240,880
Retained earnings		6(19)
Legal reserve				21,566,986			21,566,986			15,734,416
Special reserve				4,914,214			4,914,214			8,164,648
Unappropriated earnings				191,669,715			175,765,824			111,130,417
Other components of equity		4, 6(20)
Exchange differences on translation of foreign operations				(7,615,378	)		(6,516,198	)		(12,752,970	)
Unrealized gains or losses on financial assets measured at fair value through other comprehensive income				8,189,022			3,782,141			9,260,608
Unearned employee compensation				(1,542,119	)		(1,831,030	)		(1,835,182	)
Total equity attributable to the parent company				355,205,636			335,107,260			301,990,838

Non-controlling interests		6(19)		344,427			343,679			294,269
Total equity				355,550,063			335,450,939			302,285,107

Total liabilities and equity			$	549,631,114		$	533,052,092		$	482,908,516

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
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the three-month periods ended March 31, 2023 and 2022
(Expressed in Thousands of New Taiwan Dollars, Except for Earnings per Share)

			For the three-month periods ended March 31,
	Notes		2023			2022
Operating revenues		4, 6(21), 7	$	54,209,447		$	63,422,820
Operating costs		4, 6(6), 6(10), 6(15), 6(20), 6(21), 6(22), 7		(34,985,007	)		(35,918,490	)
Gross profit				19,224,440			27,504,330
Operating expenses		4, 6(5), 6(10), 6(15), 6(20), 6(22), 7
Sales and marketing expenses				(950,313	)		(1,254,548	)
General and administrative expenses				(2,102,198	)		(2,226,939	)
Research and development expenses				(2,766,607	)		(3,032,939	)
Expected credit impairment gains				38,586			945
Subtotal				(5,780,532	)		(6,513,481	)
Net other operating income and expenses		4, 6(16), 6(23)		1,036,790			1,343,338
Operating income				14,480,698			22,334,187
Non-operating income and expenses
Interest income		4		1,229,719			168,970
Other income		4		13,945			16,630
Other gains and losses		4, 6(24)		742,166			2,564,170
Finance costs		6(24)		(347,250	)		(503,890	)
Share of profit or loss of associates and joint ventures		4, 6(7)		3,248,054			(1,858,432	)
Exchange gain, net		4		-			926,239
Exchange loss, net		4		(238,881	)		-
Subtotal				4,647,753			1,313,687
Income from continuing operations before income tax				19,128,451			23,647,874
Income tax expense		4, 6(26)		(2,743,904	)		(3,582,251	)
Net income				16,384,547			20,065,623
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		3,073,833			(1,666,445	)
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss				1,343,564			(733,160	)
Income tax related to items that will not be reclassified subsequently		4, 6(26)		6,873			(55,120	)
Items that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operations				(1,187,684	)		3,773,432
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss				6,968			133,067
Income tax related to items that may be reclassified subsequently		4, 6(26)		81,533			(29,890	)
Total other comprehensive income (loss)				3,325,087			1,421,884
Total comprehensive income (loss)			$	19,709,634		$	21,487,507

Net income (loss) attributable to:
Shareholders of the parent			$	16,183,002		$	19,807,535
Non-controlling interests				201,545			258,088
			$	16,384,547		$	20,065,623

Comprehensive income (loss) attributable to:
Shareholders of the parent			$	19,508,092		$	21,229,387
Non-controlling interests				201,542			258,120
			$	19,709,634		$	21,487,507

Earnings per share (NTD)		4, 6(27)
Earnings per share-basic			$	1.31		$	1.61
Earnings per share-diluted			$	1.28		$	1.58

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
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For the three-month periods ended March 31, 2023 and 2022
(Expressed in Thousands of New Taiwan Dollars)

			Equity Attributable to the Parent Company
			Capital								Retained Earnings								Other Components of Equity
																Exchange Differences on			Unrealized Gains or Losses on Financial Assets Measured at Fair Value
																Translation of			through Other			Unearned						Non-
						Additional							Unappropriated			Foreign			Comprehensive			Employee						Controlling
	Notes		Common Stock			Paid-in Capital			Legal Reserve		Special Reserve		Earnings			Operations			Income			Compensation			Total			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
Net income for the three-month ended March 31, 2022		6(19)		-			-			-		-		19,807,535			-			-			-			19,807,535			258,088			20,065,623
Other comprehensive income (loss) for the three-month period ended March 31, 2022		6(19), 6(25)		-			-			-		-		-			3,876,577			(2,454,725	)		-			1,421,852			32			1,421,884
Total comprehensive income (loss)				-			-			-		-		19,807,535			3,876,577			(2,454,725	)		-			21,229,387			258,120			21,487,507
Share-based payment transaction		4, 6(20)		(11,241	)		11,241			-		-		-			-			-			377,259			377,259			-			377,259
Share of changes in net assets of associates and joint ventures accounted for using equity method				-			(20	)		-		-		-			-			-			-			(20	)		-			(20	)
Changes in subsidiaries’ ownership		4, 6(19)		-			1,338			-		-		-			-			-			-			1,338			(1,338	)		-
Non-Controlling Interests		6(19)		-			-			-		-		-			-			-			-			-			4,842			4,842
Others		6(19)		-			(442,986	)		-		-		-			-			-			-			(442,986	)		(124,447	)		(567,433	)
Balance as of March 31, 2022		6(19)	$	124,821,235		$	47,467,666		$	15,734,416	$	8,164,648	$	111,130,417		$	(12,752,970	)	$	9,260,608		$	(1,835,182	)	$	301,990,838		$	294,269		$	302,285,107

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
Net income for the three-month ended March 31, 2023		6(19)		-			-			-		-		16,183,002			-			-			-			16,183,002			201,545			16,384,547
Other comprehensive income (loss) for the three-month period ended March 31, 2023		6(19), 6(25)		-			-			-		-		-			(1,099,180	)		4,424,270			-			3,325,090			(3	)		3,325,087
Total comprehensive income (loss)				-			-			-		-		16,183,002			(1,099,180	)		4,424,270			-			19,508,092			201,542			19,709,634
Share-based payment transaction		4, 6(20)		-			-			-		-		(2,334	)		-			-			288,911			286,577			2,334			288,911
Share of changes in net assets of associates and joint ventures accounted for using equity method				-			26,114			-		-		17,445			-			(17,445	)		-			26,114			-			26,114
Disposal of investments accounted for under the equity method				-			117,264			-		-		(56	)		-			56			-			117,264			-			117,264
Changes in subsidiaries’ ownership		4, 6(19)		-			-			-		-		(294,166	)		-			-			-			(294,166	)		(17	)		(294,183	)
Non-Controlling Interests		6(19)		-			-			-		-		-			-			-			-			-			100			100
Others		6(19)		-			454,495			-		-		-			-			-			-			454,495			(203,211	)		251,284
Balance as of March 31, 2023		6(19)	$	125,047,490		$	12,975,706		$	21,566,986	$	4,914,214	$	191,669,715		$	(7,615,378	)	$	8,189,022		$	(1,542,119	)	$	355,205,636		$	344,427		$	355,550,063

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
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
For the three-month periods ended March 31, 2023 and 2022
(Expressed in Thousands of New Taiwan Dollars)

	For the three-month periods ended March 31,
	2023			2022
Cash flows from operating activities:
Net income before tax	$	19,128,451		$	23,647,874
Adjustments to reconcile net income before tax to net cash provided by operating activities:
Depreciation		9,222,348			10,656,479
Amortization		680,441			733,034
Expected credit impairment gains		(38,586	)		(945	)
Net gain of financial assets and liabilities at fair value through profit or loss		(705,829	)		(2,417,830	)
Interest expense		321,534			491,766
Interest income		(1,229,719	)		(168,970	)
Dividend income		(13,945	)		(16,630	)
Share-based payment		288,911			377,259
Share of loss (profit) of associates and joint ventures		(3,248,054	)		1,858,432
Gain on disposal of property, plant and equipment		(59,020	)		(61,418	)
Gain on disposal of investments accounted for under the equity method		(19,548	)		-
Loss on repurchases of bonds		-			31,852
Exchange loss (gain) on financial assets and liabilities		(201,595	)		226,914
Gain on lease modification		(51	)		-
Amortization of deferred government grants		(931,702	)		(1,053,908	)
Income and expense adjustments		4,065,185			10,656,035
Changes in operating assets and liabilities:
Financial assets and liabilities at fair value through profit or loss		275,156			(234,821	)
Contract assets		34,883			(18,952	)
Accounts receivable		9,862,071			(2,579,924	)
Other receivables		87,186			64,652
Inventories		(1,676,588	)		(2,133,994	)
Prepayments		871,406			(434,127	)
Contract fulfillment costs		(42,292	)		(56,949	)
Contract liabilities		(286,340	)		790,809
Accounts payable		265,961			638,634
Other payables		(3,078,183	)		809,329
Other current liabilities		(557,204	)		(166,346	)
Net defined benefit liabilities		(227,347	)		(662,537	)
Other noncurrent liabilities-others		10,785			20,880
Cash generated from operations		28,733,130			30,340,563
Interest received		1,196,844			170,552
Dividend received		37,732			506,591
Interest paid		(67,143	)		(131,334	)
Income tax paid		(2,936,364	)		(768,576	)
Net cash provided by operating activities		26,964,199			30,117,796

(continued)

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 1 “Presentation of Financial Statements” - Classification of Liabilities as Current or Non-current		January 1, 2024
Amendments to IFRS 16 “Leases” - Lease Liability in a Sale and Leaseback		January 1, 2024
Amendments to IAS 1 “Presentation of Financial Statements” - Non-current Liabilities with Covenants		January 1, 2024


			Percentage of ownership (%) As of
Investor	Subsidiary	Business nature	March 31, 2023	December 31, 2022	March 31, 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	80.13	80.14	80.17
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	100.00	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 INVESTMENT (SAMOA) LIMITED (WAVETEK-SAMOA)	Investment holding	100.00	100.00	100.00
WAVETEK-SAMOA	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	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	72.73	71.86	69.95

	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	-	26,100	-	-	-	-	25,150,237	25,176,337
Disposals	-	-	(920,338)	-	(2,196)	-	-	(922,534)
Transfers and reclassifications	-	215,841	16,071,861	5,178	523,914	-	(11,621,801)	5,194,993
Exchange effect	(10,035)	(29,908)	(966,250)	(83)	(2,005)	(484)	(41,413)	(1,050,178)
As of March 31, 2023	$1,460,181	$37,809,802	$968,004,961	$70,018	$8,581,706	$62,591	$68,850,966	$1,084,840,225

	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	-	245,576	45,891	32,677	324,144
Write-off	-	(528,566)	(122,508)	(62,141)	(713,215)
Reclassifications	-	(243)	-	-	(243)
Exchange effect	-	(21,569)	43,388	(2,499)	19,320
As of March 31, 2023	$15,012	$5,364,985	$3,389,203	$2,922,021	$11,691,221


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.
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.


	As of
Lenders	March 31, 2023	December 31, 2022	March 31, 2022	Redemption
Secured Long-Term Loan from Mega International Commercial Bank (1)	$8,515	$9,732	$13,381	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)	16,941	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)	56,941	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)	32,703	35,676	44,595	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)	1,458	4,375	10,208	Repayable monthly from May 31, 2019 to May 31, 2023 with monthly interest payments.
Secured Long-Term Loan from Taiwan Cooperative Bank (3)	29,000	32,000	41,000	Repayable monthly from August 13, 2020 to August 13, 2025 with monthly interest payments.
Secured Long-Term Loan from Taiwan Cooperative Bank (4)	15,000	16,552	21,207	Repayable monthly from October 29, 2020 to August 29, 2025 with monthly interest payments.
Secured Long-Term Loan from Taiwan Cooperative Bank (5)	77,854	84,166	101,000	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)	1,924,649	1,915,577	18,763,162	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)	$12,076,126	$12,415,200	$12,686,800	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	44,188	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)	20,813	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 monthly from March 23, 2023 to March 15, 2028 with monthly interest payments. Interest-only payment for the first year.
Unsecured Long-Term Loan from Xiamen Bank	-	-	452,194	Repayable semi-annually from November 24, 2020 to May 24, 2022 of RMB 0.1 million with monthly interest payments and the remaining principal will be repaid once at maturity. Interest-only payment for the first semi-annually year.
Unsecured Long-Term Loan from Bank of China	1,783,273	1,797,364	1,211,829	Repayable semi-annually from June 24, 2023 to June 24, 2026 with quarterly interest payments.
Unsecured Long-Term Loan from Bank of Taiwan (1)	-	-	458,333	Repayable quarterly from March 10, 2022 to December 10, 2024 with monthly interest payments.
Unsecured Long-Term Loan from Bank of Taiwan (2)	1,833,333	2,000,000	450,000	Repayable quarterly from March 24, 2023 to March 24, 2025 with monthly interest payments.
Unsecured Revolving Loan from Mega International Commercial Bank (Note A)	-	-	500,000	Repayable semi-annually from October 16, 2020 to April 16, 2022 with monthly interest payments.

Unsecured Revolving Loan from Taipei Fubon Bank (Note B)	$-	$-	$200,000	Repayable annually from August 9, 2020 to August 9, 2023 with monthly interest payments.
Unsecured Revolving Loan from Chang Hwa Commercial Bank (Note C)	-	-	400,000	Repayable quarterly from January 27, 2021 to October 27, 2022 with monthly interest payments.
Unsecured Revolving Loan from KGI Bank (Note D)	-	-	500,000	Repayable annually from August 10, 2023 to August 10, 2026 with monthly interest payments.
Unsecured Revolving Loan from First Commercial Bank (1) (Note E)	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 E)	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 E)	200,000	200,000	200,000	Settlement due on June 15, 2026 with monthly interest payments.
Unsecured Revolving Loan from Yuanta Commercial Bank (Note F)	-	-	1,000,000	Repayable annually from March 2, 2023 to March 2, 2026 with monthly interest payments.
Subtotal	18,746,774	19,279,342	37,761,909
Less: Current portion	(2,429,402)	(2,485,053)	(10,773,777)
Total	$16,317,372	$16,794,289	$26,988,132

	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)	$52.90	$52.90
Expected volatility	26.09% - 40.21%	28.22% - 35.82%
Expected life	0.19 - 2.19 years	0.42 - 1.42 years
Expected dividend yield	5.50%	5.50%
Risk-free interest rate	1.05%	1.05%

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


	For the three-month period ended March 31, 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	$3,073,833	$-	$3,073,833	$6,873	$3,080,706
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss	1,343,564	-	1,343,564	-	1,343,564
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations	(1,187,684)	-	(1,187,684)	80,496	(1,107,188)
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss	8,309	(1,341)	6,968	1,037	8,005
Total other comprehensive income (loss)	$3,238,022	$(1,341)	$3,236,681	$88,406	$3,325,087


			Non-cash changes
Items	As of January 1, 2023	Cash Flows	Foreign exchange	Others (Note A)	As of March 31, 2023
Short-term loans	$-	$100,000	$-	$-	$100,000
Long-term loans (current portion included)	19,279,342	(585,090)	52,522	-	18,746,774
Bonds payable (current portion included)	28,184,687	-	-	45,919 (Note B)	28,230,606
Guarantee deposits (current portion included)	30,757,001	1,991,430	(194,896)	-	32,553,535 (Note C)
Lease liabilities	5,737,095	(159,259)	(374)	150,880	5,728,342
Other financial liabilities (Note D)	21,449,487	-	101,606	26,327	21,577,420


			Non-cash changes
Items	As of January 1, 2022	Cash Flows	Foreign exchange	Others (Note A)	As of March 31, 2022
Short-term loans	$1,924,124	$(640,426)	$56,163	$-	$1,339,861
Long-term loans (current portion included)	36,624,907	28,005	1,108,997	-	37,761,909
Bonds payable (current portion included)	40,536,658	(7,249,135)	-	255,644 (Note B)	33,543,167
Guarantee deposits (current portion included)	14,369,769	69,641	354,499	-	14,793,909 (Note C)
Lease liabilities	5,068,754	(171,822)	64,228	88,067	5,049,227
Other financial liabilities (Note D)	20,966,209	-	773,677	58,769	21,798,655

Name of related parties		Relationship with the Company
FARADAY TECHNOLOGY CORP. and its Subsidiaries		Associate
UNIMICRON TECHNOLOGY CORP.		Associate
SILICON INTEGRATED SYSTEMS CORP.		The Company’s director
PHOTRONICS DNP MASK CORPORATION		Other related party

	As of
	March 31, 2023	December 31, 2022	March 31, 2022
Associates	$957	$1,545	$2,426
Others	1	7	34
Total	$958	$1,552	$2,460

	Purchase price
	For the three-month periods ended March 31,
	2023	2022
Associates	$21,015	$6,466


	Carrying Amount
	As of
	March 31, 2023	December 31, 2022	March 31, 2022	Party to which asset(s) was pledged	Purpose of pledge
Refundable Deposits (Time deposit)	$812,248	$812,248	$811,660	Customs	Customs duty guarantee
Refundable Deposits (Time deposit)	236,587	236,587	234,304	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	-	Bureau of Land Administration, Tainan City Government	Guarantee for the application of national non-public use land for development
Refundable Deposits (Time deposit)	38,000	34,100	26,600	Liquefied Natural Gas Business Division, CPC Corporation, Taiwan	Energy resources guarantee
Refundable Deposits (Time deposit)	1,051,063	1,043,840	1,156,835	Bank of China and Agricultural Bank of China	Bank performance guarantee
Refundable Deposits (Time deposit)	455,850	459,750	-	CTBC Bank Singapore Branch	Collateral for letter of credit
Refundable Deposits (Bank deposit)	-	-	6,900	Shanghai Commercial Bank	Collateral for letter of credit
Buildings	4,786,227	4,828,597	5,131,837	Taiwan Cooperative Bank and Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans

Machinery and equipment	$11,930,817	$14,066,044	$23,021,806	Taiwan Cooperative Bank, Mega International Commercial Bank, KGI Bank, First Commercial Bank, Shanghai Commercial Bank and Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Transportation equipment	447	592	1,520	Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Furniture and fixtures	22,696	46,823	137,084	Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Right-of-use assets	277,899	278,230	289,465	Secured Syndicated Loans from China Development Bank and 6 others	Collateral for long-term loans
Total	$19,703,549	$21,909,250	$30,903,580

	As of
Financial Assets	March 31, 2023	December 31, 2022	March 31, 2022
Financial assets at fair value through profit or loss	$18,807,797	$18,490,569	$22,332,406
Financial assets at fair value through other comprehensive income	18,263,433	15,189,600	18,169,220
Financial assets measured at amortized cost
Cash and cash equivalents (cash on hand excluded)	171,828,423	173,812,754	172,164,484
Receivables	28,903,999	38,783,086	38,822,973
Refundable deposits	2,749,664	2,749,691	2,390,529
Other financial assets	266,755	869,308	3,035,663
Total	$240,820,071	$249,895,008	$256,915,275

Financial Liabilities
Financial liabilities at fair value through profit or loss	$782,936	$438,397	$1,158,090
Financial liabilities measured at amortized cost
Short-term loans	100,000	-	1,339,861
Payables	55,730,821	58,893,871	39,295,080
Guarantee deposits (current portion included)	32,553,535	30,757,001	14,793,909
Bonds payable (current portion included)	28,230,606	28,184,687	33,543,167
Long-term loans (current portion included)	18,746,774	19,279,342	37,761,909
Lease liabilities	5,728,342	5,737,095	5,049,227
Other financial liabilities	21,577,420	21,449,487	21,798,655
Total	$163,450,434	$164,739,880	$154,739,898

	As of March 31, 2023
	Less than 1 year	2 to 3 years	4 to 5 years	> 5 years	Total
Non-derivative financial liabilities
Short-term loans	$100,481	$-	$-	$-	$100,481
Payables	55,443,426	-	-	-	55,443,426
Guarantee deposits	359,975	3,541,595	-	28,651,965	32,553,535
Bonds payable (Note)	2,445,649	6,611,389	10,577,944	4,144,408	23,779,390
Long-term loans	3,136,723	7,886,582	5,867,808	5,177,073	22,068,186
Lease liabilities	664,310	1,304,041	1,229,376	4,150,521	7,348,248
Other financial liabilities	17,314,748	4,328,918	-	-	21,643,666
Total	$79,465,312	$23,672,525	$17,675,128	$42,123,967	$162,936,932

	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 March 31, 2022
	Less than 1 year	2 to 3 years	4 to 5 years	> 5 years	Total
Non-derivative financial liabilities
Short-term loans	$1,350,659	$-	$-	$-	$1,350,659
Payables	38,838,916	-	-	-	38,838,916
Guarantee deposits	112,469	3,546,193	65,941	11,069,306	14,793,909
Bonds payable (Note)	2,365,095	8,837,693	10,640,794	4,171,288	26,014,870
Long-term loans	12,036,339	12,984,720	11,440,726	6,147,555	42,609,340
Lease liabilities	698,333	1,204,362	1,070,279	2,772,888	5,745,862
Other financial liabilities	13,207,549	8,805,347	-	-	22,012,896
Total	$68,609,360	$35,378,315	$23,217,740	$24,161,037	$151,366,452
Derivative financial liabilities
Forward exchange contracts
Gross settlement
Inflow	$682,914	$-	$-	$-	$682,914
Outflow	(685,931)	-	-	-	(685,931)
Net	$(3,017)	$-	$-	$-	$(3,017)

Type		Notional Amount		Contract Period
Forward exchange contracts		Sell USD 32 million		March 17, 2022 - April 28, 2022

	As of March 31, 2023
	Level 1	Level 2	Level 3	Total
Financial assets:
Financial assets at fair value through profit or loss, current	$715,222	$-	$36,164	$751,386
Financial assets at fair value through profit or loss, noncurrent	6,871,508	648,957	10,535,946	18,056,411
Financial assets at fair value through other comprehensive income, current	4,394,403	-	-	4,394,403
Financial assets at fair value through other comprehensive income, noncurrent	10,318,956	-	3,550,074	13,869,030
Financial liabilities:
Financial liabilities at fair value through profit or loss, current	-	-	782,936	782,936

	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, 2023	$3,198,808	$2,865,258	$4,626,333	$36,474	$-	$10,726,873	$3,427,720	$182,547	$3,610,267
Recognized in profit (loss)	(79,268)	(124,211)	(82,785)	(260)	(540)	(287,064)	-	-	-
Recognized in other comprehensive income (loss)	-	-	-	-	-	-	(49,984)	(10,209)	(60,193)
Acquisition	157,176	-	145,432	-	152,475	455,083	-	-	-
Disposal	-	(58,690)	-	-	-	(58,690)	-	-	-
Return of capital	(14)	-	(1,485)	-	-	(1,499)	-	-	-
Transfer out of Level 3	(225,078)	-	-	-	-	(225,078)	-	-	-
Exchange effect	(6,194)	(9,249)	(22,037)	(50)	15	(37,515)	-	-	-
As of March 31, 2023	$3,045,430	$2,673,108	$4,665,458	$36,164	$151,950	$10,572,110	$3,377,736	$172,338	$3,550,074

		Financial liabilities at fair value through profit or loss
		Derivatives
As of January 1, 2023		$438,397
Recognized in profit (loss)		344,539
As of March 31, 2023		$782,936