Labs Pc

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Revenue from 90nm and below jumps to 37%

First Quarter 2008 Overview(1):

— Revenue decreased 13.1% sequentially to NT$24 billion (US$790 million)

— Net income decreased to NT$206 million (US$7 million)

— Revenue from 90nm technology and below was 37%

— EPS was NT$0.02; EPADS was US$0.003

(1) Unless otherwise stated, all financial figures discussed in this
announcement are prepared in accordance with ROC GAAP, which differ
in some material respects from generally accepted accounting
principles in the United States. They are un-audited,
unconsolidated, and represent comparisons among the three-month
period ending March 31, 2008, the three-month period ending
December 31, 2007, and the equivalent three-month period that ended
March 31, 2007. For all 1Q08 results, New Taiwan Dollar (NT$)
amounts have been converted into U.S. Dollars at the March 31, 2008
exchange rate of NT$30.39 per U.S. Dollar.

TAIPEI, Taiwan, April 30 /Xinhua-PRNewswire-FirstCall/ — United Microelectronics Corporation (”UMC” or “the Company”), a leading global semiconductor foundry, today announced its unconsolidated operating results for the first quarter of 2008.
“Q1 has traditionally been a slow season for the foundry industry, and this past quarter was no different due to an inventory adjustment situation,” said UMC Chairman and CEO, Dr. Jackson Hu.
“The appreciation of the NT$ added another negative variable to Q1. However, we are glad to report that even during such a challenging situation, UMC’s quarterly performance exceeded the original guidance. We are also happy to see that revenue contribution from 0.13um, 90nm and 65nm rose to account for 58% of total revenue. Both 90nm and 65nm showed healthy growth at 30% and 7%, respectively. Net loss due to currency exchange was NT$46 million, which is relatively insignificant considering UMC business size.”
“Our leading technology customers continue to prepare for 65nm production. We therefore expect continuous increase in volume and revenue during the remainder of the year for this technology node. We are also working closely with early adopters for 45/40nm. Most of them will be in the prototype development stage in the coming months. Finally, we are developing 32nm with customers as well. Besides CMOS logic, we are closely working with Elpida to further improve the DRAM process and develop synergistic processes to broaden our technology offering. Details will be disclosed at a proper time later.”
Summary of Operating Results

Operating Results
(Amount: NT$ million)

1Q08 4Q07 QoQ % 1Q07 YoY %
change change
Revenue 24,003 27,621 (13.1) 23,025 4.2
Gross Profit 3,576 5,649 (36.7) 3,676 (2.7)
Operating Expenses (3,386) (4,323) (21.7) (3,658) (7.4)
Operating Income 190 1,326 (85.7) 18 955.6
Non-op. Income 71 1,097 (93.5) 1,719 (95.9)
(Expenses)
Net Income 206 1,359 (84.8) 1,459 (85.9)
EPS (NT$ per share) 0.02 0.16 0.08
(US$ per ADS) 0.003 0.026 0.013

Revenue decreased 13.1% QoQ to NT$24 billion, from NT$27.62 billion in 4Q07, and increased 4.2% YoY, from NT$23.03 billion in 1Q07. While ASP was up by 2%, wafer shipment was down by 12.4% while the stronger-than-expected NT$ contributed to the further decrease of revenues in local currency. Gross profit was NT$3.58 billion, or 14.9 % of revenue, compared to NT$5.65 billion, or 20.5% of 4Q07 revenue. Operating profit for the quarter was NT$190 million, or 0.8% of revenue, compared to NT$1.33 billion, or 4.8% of 4Q07 revenue. Lower wafer shipments due to order adjustments for softness in seasonal demand and inventory correction by several customers were the primary reasons for the decrease in revenues, and gross and operating margins during the first quarter. Net income in 1Q08 was NT$206 million, compared to NT$1.36 billion in 4Q07.
Earnings per ordinary share (EPS) for the quarter were NT$0.02. Earnings per ADS (EPADS) were US$0.003. This compares with 4Q07 EPS of NT$0.16 and EPADS of US$0.026. One ADS represents five Taiwan-listed ordinary shares. The basic weighted average number of outstanding shares in 1Q08 was 12,494,809,580, compared with 12,427,436,516 shares in 4Q07 and 17,775,610,526 shares in 1Q07. The diluted weighted average number of outstanding shares was 12,721,467,944 in 1Q08, compared with 12,881,340,388 in 4Q07 and 17,904,075,495 shares in 1Q07. The fully diluted share count on March 31, 2008 was 13,856,133 thousand. On March 31, 2008, UMC held 704,299 thousand treasury shares acquired from the 8th, 9th, and 11th share buy-back programs. UMC will retire 348,583 thousand treasury shares acquired from the 8th share buy-back program in 3Q08.
Detailed Financials Section
Depreciation and amortization expenses totaled NT$9.61 billion in 1Q08, compared to NT$9.67 billion in 4Q07. Depreciation within CoGS slightly increased to NT$8.1 billion. Other manufacturing costs within COGS declined 11.9% to NT$12.33 billion, which reflected the results of cost reduction activities and lower costs associated with a decrease in wafer shipments. Operating expenses decreased 21.7% to NT$3.39 billion. R&D expenses decreased to NT$2.03 billion, mainly due to reduced R&D wafers on 65nm and 90nm technology. The total R&D expense was 8.5% of revenue in 1Q08.
COGS & Expenses
(Amount: NT$ million) 1Q08 4Q07 QoQ % 1Q07 YoY %
change change
Revenue 24,003 27,621 (13.1) 23,025 4.2
CoGS (20,427) (21,972) (7.0) (19,349) 5.6
Depreciation (8,098) (7,985) 1.4 (7,649) 5.9
Other Mfg. Costs (12,329) (13,987) (11.9) (11,700) 5.4
Gross Profit 3,576 5,649 (36.7) 3,676 (2.7)
Gross Margin (%) 14.9% 20.5% 16.0%
Total Operating
Exp. (3,386) (4,323) (21.7) (3,658) (7.4)
G&A (636) (906) (29.8) (678) (6.2)
Sales & Marketing (716) (882) (18.8) (650) 10.2
R&D (2,034) (2,535) (19.8) (2,330) (12.7)
Operating Income 190 1,326 (85.7) 18 955.6
Operating Margin (%) 0.8% 4.8% 0.1%

Net non-operating income during 1Q08 was NT$71 million. Total gains on the disposal of investments were NT$652 million, including a gain from the sale of MediaTek shares for NT$616 million. Net investment losses were NT$278 million, which included a NT$599 million loss from valuation of ProMos shares. Net foreign exchange losses were NT$46 million, which include losses of NT$718 from foreign exchange and NT$672 million from hedging gains.
Non-operating Income (Expenses)
(Amount: NT$ million) 1Q08 4Q07 1Q07

Net Non-operating Income (Exp.) 71 1,097 1,719
Net Interest Income (Expense) 116 143 260
Net Investment Income (Loss) (278) (1,124) 109
Gain on Disposal of Investment 652 2,025 1,624
Exchange Gain (Loss) (718) 108 17
Others 299 (55) (291)

Net cash outflow was NT$7.82 billion in 1Q08. The NT$11.76 billion of financing cash outflow included NT$12.22 billion cash outflow from the redemption of Euro Convertible Bond (ECB) at maturity. Free cash flow(2) for 1Q08 was NT$3.77 billion. Over the next 12 months, we expect to repay NT$10.5 billion in unsecured corporate bonds and US$15 million in short-term loans.
(2) Free cash flow = Operating cash flow - Capital expenditures

Cash Flow Summary
For the 3-Month For the 3-Month
(Amount: NT$ million) Period Ended Period Ended
Mar. 31, 2008 Dec. 31, 2007
Cash Flow from Operations 9,455 14,549
Net Income (Loss) 206 1,359
Depreciation & Amortization 9,605 9,674
Changes in working capital 314 4,399
Others (670) (883)
Cash Flow from Investing (5,362) (1,873)
Capital Expenditures (5,685) (2,740)
Others 323 867
Cash Flow from Financing (11,763) (52,004)
Capital Reduction — (53,911)
Redemption of bonds (12,217) –
Others 454 1,907
Effect of Exchange Rate (148) (7)
Net Cash Flow (7,818) (39,335)

Cash and cash equivalents decreased NT$7.82 billion to NT$29.63 billion during 1Q08, which was mainly due to the redemption of ECB. The decrease in notes and accounts receivable primarily reflected the downward trend of the business. The decrease in inventory came from the decrease of work-in-process wafers and finished goods.
Current Assets
(Amount: NT$ billion) 1Q08 4Q07 1Q07
Cash & Cash Equivalents 29.63 37.45 80.99
Notes & Accounts Receivable 12.78 13.62 12.85
Days Sales Outstanding 50 51 50
Inventory 11.09 11.33 9.96
Avg. Inventory Turnover 51 47 48
Total Current Assets 60.06 68.25 115.43

Total liabilities decreased by NT$16.28 billion to NT$38.02 billion in 1Q08. This was primarily due to the redemption of ECB. UMC’s Debt to Equity ratio decreased to 17% at the end of 1Q08.
Liabilities
(Amount: NT$ billion) 1Q08 4Q07 1Q07
Total Current Liabilities 26.92 43.15 41.81
Accounts Payable 4.50 4.80 4.65
Short-term Credit / Bonds 10.96 22.89 17.83
Others 11.46 15.46 19.33
Long-term Liabilities 7.50 7.50 17.99
Total Liabilities 38.02 54.30 63.41
Debt to Equity 17% 23% 22%

Analysis of Revenue(3)

The percentage of revenue from the Asia Pacific region decreased to 29% due to the soft demand for wireless communication chips and driver ICs.
(3) Free cash flow = Operating cash flow - Capital expenditures

Revenue Breakdown by Region

Region 1Q08 4Q07 3Q07 2Q07 1Q07
North America 58% 51% 49% 47% 47%
Asia Pacific 29% 37% 40% 43% 43%
Europe 11% 10% 9% 8% 7%
Japan 2% 2% 2% 2% 3%

The percentage of revenue from advanced 65nm business increased to 7%, compared to 3% in 4Q07, mainly due to stronger demand for leading communication and computer chips. The percentage of revenue from 90nm and below was 37% in 1Q08, which was improved from 26% in 4Q07.
Revenue Breakdown by Geometry

Geometry 1Q08 4Q07 3Q07 2Q07 1Q07
65nm 7% 3% 1% — –
90um 30% 23% 24% 17% 21%
90nm< x <=0.13um 21% 22% 23% 25% 16%
0.13um< x <=0.18um 22% 27% 26% 29% 30%
0.18um< x <=0.35um 14% 18% 20% 22% 25%
0.5um and above 6% 7% 6% 7% 8%

The percentage of revenue from IDM customers increased to 30% in 1Q08 from 24% in 4Q07.
Revenue Breakdown by Customer Type

Customer Type 1Q08 4Q07 3Q07 2Q07 1Q07
Fabless 70% 76% 73% 75% 76%
IDM 30% 24% 27% 25% 24%
System 0% 0% 0% 0% 0%

Revenue from the computer segment increased to 21% of total revenue in 1Q08 due to stronger demand for PC graphics.
Revenue Breakdown by Application (i)

Application 1Q08 4Q07 3Q07 2Q07 1Q07
computer 21% 19% 18% 17% 18%
Communication 56% 56% 57% 55% 56%
Consumer 21% 23% 23% 26% 24%
Memory 1% 1% 1% 1% 1%
Others 1% 1% 1% 1% 1%

(i) computer consists of ICs such as HDD controllers, DVD-ROM/CD-ROM
drives ICs, LCD drivers, graphic processors, and PDAs. Communication
consists of xDSL, DSP, WLAN, LAN controllers, handset components,
caller ID devices, etc. Consumer consists of ICs used for DVD
players, game consoles, digital cameras, smart cards, toys, etc.
Memory consists of DRAM, SRAM, Flash, EPROM, ROM, and EEPROM.

Blended Average Selling Price Trend

The blended average selling price (ASP) increased by 2% during 1Q08 due to more wafer shipments on leading-edge process technologies.
(To view ASP trend, visit )
Shipment and Utilization Rate (4)
807 thousand 8-inch equivalent wafers were shipped in 1Q08, which was a 12.4% decrease from the 921 thousand 8-inch equivalent wafers that were shipped in the previous quarter. Overall utilization rate for the quarter was 73%.
(4) Utilization Rate = Quarterly Wafer Out / Quarterly Capacity

Wafer Shipments

1Q08 4Q07 3Q07 2Q07 1Q07
Wafer Shipments
(’000 8-inch eq.) 807 921 1,017 804 732

Quarterly Capacity Utilization Rate

1Q08 4Q07 3Q07 2Q07 1Q07
Utilization Rate 73% 86% 93% 76% 74%(i)
Total Capacity 1,100 1,100 1,095 1,070 1,043
(’000 8-inch eq.)

(i) 1Q07 utilization rate was calculated based on 1Q07 available
capacity, which is about 95% of total capacity after factoring in a
5% productivity loss due to annual scheduled maintenance.

Capacity (5)

Total capacity during 1Q08 was 1,100 thousand 8-inch equivalent wafers, which remains unchanged compared to 4Q07. The installed capacity in 2Q08 is expected to be 1,107 thousand 8-inch equivalent wafers. The increase in estimated capacity during 2Q08 is expected to come from additional capacity expansion at some 8-inch fabs and Fab 12A.
(5) Estimated capacity numbers are based on calculated maximum
output rather than designed capacity. The actual capacity numbers
may differ depending upon equipment delivery schedules, pace of
migration to more advanced process technologies, and other factors
affecting production ramp up.

Annual Capacity in
thousands of 8-inch wafer equivalents

FAB Geometry (um) 2007 2006 2005 2004

Fab 6A 6″ 3.5 - 0.45 328 328 344 346
Fab 8AB 8″ 0.5 - 0.25 816 816 816 796
Fab 8C 8″ 0.35 - 0.15 400 400 401 386
Fab 8D 8″ 0.18 - 0.09 260 252 274 256
Fab 8E 8″ 0.5 - 0.18 408 406 404 401
Fab 8F 8″ 0.25 - 0.15 372 372 378 349
Fab 8S (i) 8″ 0.25 - 0.15 276 276 278 131
Fab 12A 12″ 0.18 - 0.065 847 754 597 392
Fab 12i(ii) 12″ 0.13 - 0.065 601 413 363 101
Total (iii) 4,308 4,017 3,855 3,158
YoY Growth Rate 7% 4% 22% 19%

Quarterly Capacity in
thousands of 8-inch wafer equivalents

FAB 2Q08E 1Q08 4Q07 3Q07

Fab 6A 82 82 82 82
Fab 8AB 204 204 204 204
Fab 8C 101 100 100 100
Fab 8D 66 65 65 65
Fab 8E 102 102 102 102
Fab 8F 93 93 93 93
Fab 8S 72 69 69 69
Fab 12A 218 216 216 216
Fab 12i 169 169 169 164
Total (iii) 1,107 1,100 1,100 1,095

(i) Former fab of SiSMC, which was acquired from Silicon Integrated
Systems in July 2004.
(ii) Former fab of UMCi, a UMC wholly owned subsidiary in December 2004
that was merged into UMC in April 2005
(iii) One 6-inch wafer is converted into 0.5625(6sq/8sq) 8-inch
equivalent wafer; one 12-inch wafer is converted into
2.25(12sq/8sq) 8-inch equivalent wafers.

CAPEX

CAPEX plans for 2008 remain unchanged at US$500-700 million. Total capital expenditure during 1Q08 was US$187 million.
UMC Capital Expenditure by Year - in US$ billion

Year 2007 2006 2005 2004 2003 2002
CAPEX $0.9 $1.0 $0.7(i) $1.5 $0.4 $0.8

2008 CAPEX Plan
8″ fab 12″ fab 12″ R&D Total
UMC 11% 63% 26% US$500-700 million

(i) 2005 CAPEX contained UMC 2005 full year CAPEX and UMCi CAPEX during
1Q05.

Recent Developments / Announcements

Apr. 3, 2008 UMC Wins Global Views Magazine 2008 CSR Model Award
Mar. 17, 2008 UMC Board of Directors Announces Proposals for its Annual
Shareholders Meeting
A brief summary of the proposals is as follows:
— Shareholder cash dividend of NT$9,382,646,949, stock
dividend of NT$1,000,815,670 and NT$4,628,772,490
from capital reserve. Total issued to shareholders
estimated at NT$1.20 per share, including cash
dividend of estimated NT$0.75 per share, stock
dividend of estimated NT$0.08 per share, and
estimated NT$0.37 per share from capital reserve.
— Employee cash bonus of NT$286,541,418 and stock bonus
of NT$1,146,165,670.
— For the purpose of recording employee bonus expense
since Jan 2008, the Company will use 15% of net income
after tax (excluding employee bonus expenses) as the
accounting book-entry basis
— The 2008 AGM will be held on June 13, 2008 at the UMC
Recreation Center in Hsinchu Science Park, Taiwan.

Mar. 17, 2008 UMC and Elpida Partner to Serve Japan based Foundry
Customers

Mar. 14, 2008 UMC First Company in Taiwan to Receive Level A Grade from
GRI for its CSR Report

Feb. 22, 2008 UMC Holds 2008 Supply Chain Management Summit and Signs
CSR Declaration with its Suppliers to Enhance Industry’s
Green Competitiveness

Feb. 4, 2008 UMC University Program Members to Present Eight Papers
During International Solid State Circuits Conference

Jan. 30, 2008UMC 4Q 2007 Financial Results

Please visit UMC’s website for further details regarding the above announcements.
Second Quarter of 2008 Outlook & Guidance

Quarter-over-quarter Guidance:

— Wafer shipments: to increase by approximately 10% points
— Wafer ASP in US$: to decrease by approximately 2% points
— Impact from Currency Fluctuation: -3% to -5% on revenue
— Capacity utilization rate: approximately 80%
— Profitability: gross profit margin to be approximately 20%
— The communication segment is expected to the strongest followed by the
consumer and computer segments
— 2008 capex budget: US$500-700 million

Conference Call / Webcast Announcement

Wednesday, April 30, 2008
Time: 8:00 PM (Taipei) / 8:00 AM (New York) / 1:00 PM (London)

Dial-in numbers and Access Codes:

USA Toll Free: 1866 549 1292
UK Toll Free: 0808 234 6305
Singapore Toll Free: 800 852 3576
Hong Kong and Other Areas: 852 3005 2050

Access Code: UMC

A live webcast and replay of the 1Q08 results announcement will be available at under the “Investor Relations \ Investor Events” section.
About UMC
UMC is a leading global semiconductor foundry that manufactures advanced process ICs for applications spanning every major sector of the semiconductor industry. UMC delivers cutting-edge foundry technologies that enable sophisticated system-on-chip (SoC) designs, including volume production 90nm, industry-leading 65nm, and mixed signal/RFCMOS. UMC’s 10 wafer manufacturing facilities include two advanced 300mm fabs; Fab 12A in Taiwan and Singapore-based Fab 12i are both in volume production for a variety of customer products. The company employs approximately 13,000 people worldwide and has offices in Taiwan, Japan, Singapore, Europe, and the United States. UMC can be found on the web at .
Safe Harbor Statements
Except for statements in respect of historical matters, the statements in this release contain “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward- looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors, including, among other things: our dependence upon the frequent introduction of new services and technologies based on the latest developments in our industry; the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; the risks associated with international global business activities; our dependence upon key personnel; general economic and political conditions, including those related to the semiconductor, communications, consumer electronics and computer industries; possible disruptions in commercial activities caused by natural and human-induced events and disasters, including terrorist activity, armed conflict and highly contagious diseases; reduced end-user purchases relative to expectations and orders; fluctuations in foreign currency exchange rates; and those risks identified in the section entitled “Risk Factors” in UMC’s Annual Report on Form 20-F (”20-F”) for the year ended December 31, 2006 filed with the U.S. Securities and Exchange Commission on May 9, 2007.
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, as described in note 39 to the financial statements on 20-F.
The forward-looking statements in this release reflect the current belief of UMC as of the date of this release and UMC undertakes no obligation to update these forward-looking statements for events or circumstances that occur after such date or to reflect the occurrence of unanticipated events.
- FINANCIAL TABLES TO FOLLOW -

UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Balance Sheet
As of March 31, 2008
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

March 31, 2008
US$ NT$ %
ASSETS
Current Assets
Cash and Cash Equivalents 975 29,635 11.3%
Financial assets at fair value
through profit or loss, current 141 4,295 1.6%
Notes & Accounts Receivable 421 12,777 4.9%
Inventories 365 11,088 4.2%
Other Current Assets 74 2,263 0.9%
Total Current Assets 1,976 60,058 22.9%

Non-Current Assets
Funds and Long-term Investments 2,365 71,854 27.5%
Property, Plant and Equipment 3,946 119,922 45.7%
Intangible Assets 123 3,745 1.4%
Other Assets 217 6,600 2.5%
Total Non-Current Assets 6,651 202,121 77.1%
TOTAL ASSETS 8,627 262,179 100.0%

LIABILITIES
Current Liabilities
Short-term Loans 15 457 0.2%
Financial liabilities at fair
value through profit or loss,
current 6 171 0.1%
Payables 510 15,498 5.9%
Current Portion of Long-term
Liabilities 345 10,500 4.0%
Other Current Liabilities 10 297 0.1%
Total Current Liabilities 886 26,923 10.3%

Non-Current Liabilities
Bonds Payable 247 7,496 2.8%
Other Liabilities 118 3,599 1.4%
Total Non-Current Liabilities 365 11,095 4.2%
TOTAL LIABILITIES 1,251 38,018 14.5%

STOCKHOLDERS’ EQUITY
Capital Stock 4,348 132,145 50.4%
Additional Paid-in Capital 2,177 66,150 25.2%
Retained Earnings, Unrealized Gain
on Financial Assets and
Translation Adjustment 1,345 40,869 15.6%
Treasury Stock (494) (15,003) -5.7%
TOTAL STOCKHOLDERS’ EQUITY 7,376 224,161 85.5%
TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY 8,627 262,179 100.0%

Note New Taiwan Dollars have been translated into U.S. Dollars at the
March 31, 2008 exchange rate of NT$30.39 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
Mar 31, 2008 Mar 31, 2007 %
US$ NT$ US$ NT$ Chg.
Net Sales 790 24,003 758 23,025 4.2%
Cost of Goods Sold (672) (20,427) (637) (19,349) 5.6%
Net Gross Profit 118 3,576 121 3,676 -2.7%
14.9% 14.9% 16.0% 16.0%
Operating Expenses
- Sales & Marketing 24 716 21 650 10.2%
- General & Administrative 21 636 22 678 -6.2%
- Research & Development 67 2,034 77 2,330 -12.7%
112 3,386 120 3,658 -7.4%
Operating Income (Loss) 6 190 1 18 955.6%
0.8% 0.8% 0.1% 0.1%

Net Non-Operating Income
(Expenses) 3 71 56 1,719 -95.9%
Income (Loss) from continuing
operations before income tax 9 261 57 1,737 -85.0%
1.1% 1.1% 7.5% 7.5%

Income Tax (Expense) Benefit (2) (55) (9) (278) -80.2%
Net Income (Loss) 7 206 48 1,459 -85.9%
0.9% 0.9% 6.3% 6.3%

Earnings per Share 0.001 0.02 0.003 0.08
Earnings per ADS (2) 0.003 0.10 0.013 0.40
Weighted Average Number of Shares
Outstanding (in millions) 12,495 17,776

(cont.)

Quarter over Quarter Comparison
Three-Month Period Ended
Mar 31, 2008 Dec 31, 2007 %
US$ NT$ US$ NT$ Chg.
Net Sales 790 24,003 909 27,621 -13.1%
Cost of Goods Sold (672) (20,427) (723) (21,972) -7.0%
Net Gross Profit 118 3,576 186 5,649 -36.7%
14.9% 14.9% 20.5% 20.5%
Operating Expenses
- Sales & Marketing 24 716 29 882 -18.8%
- General & Administrative 21 636 30 906 -29.8%
- Research & Development 67 2,034 83 2,535 -19.8%
112 3,386 142 4,323 -21.7%
Operating Income (Loss) 6 190 44 1,326 -85.7%
0.8% 0.8% 4.8% 4.8%

Net Non-Operating Income
(Expenses) 3 71 36 1,097 -93.5%
Income (Loss) from continuing
operations before income tax 9 261 80 2,423 -89.2%
1.1% 1.1% 8.8% 8.8%

Income Tax (Expense) Benefit (2) (55) (35) (1,064) -94.8%
Net Income (Loss) 7 206 45 1,359 -84.8%
0.9% 0.9% 4.9% 4.9%

Earnings per Share 0.001 0.02 0.005 0.16
Earnings per ADS (2) 0.003 0.10 0.026 0.80
Weighted Average Number of Shares
Outstanding (in millions) 12,495 12,427

Note:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the March
31, 2008 exchange rate of NT$30.39 per U.S. Dollar.
All figures are in ROC GAAP.
(2) 1 ADS equals 5 common shares.

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

For the Three-Month
Period Ended For the year Ended
Mar 31, 2008 Mar 31, 2008
US$ NT$ % US$ NT$ %
Net Sales 790 24,003 100.0% 790 24,003 100.0%
Cost of Goods Sold (672) (20,427) -85.1% (672) (20,427) -85.1%
Net Gross Profit 118 3,576 14.9% 118 3,576 14.9%

Operating Expenses
- Sales & Marketing 24 716 3.0% 24 716 3.0%
- General &
Administrative 21 636 2.6% 21 636 2.6%
- Research & Development 67 2,034 8.5% 67 2,034 8.5%
112 3,386 14.1% 112 3,386 14.1%
Operating Income (Loss) 6 190 0.8% 6 190 0.8%

Net Non-Operating Income
(Expenses) 3 71 0.3% 3 71 0.3%
Income (Loss) from
continuing operations
before income tax 9 261 1.1% 9 261 1.1%

Income Tax (Expense)
Benefit (2) (55) -0.2% (2) (55) -0.2%
Net Income (Loss) 7 206 0.9% 7 206 0.9%

Earnings per Share 0.001 0.02 0.001 0.02
Earnings per ADS (2) 0.003 0.10 0.003 0.10

Weighted Average Number of
Shares 12,495 12,495
Outstanding (in millions)

Note:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the March
31, 2008 exchange rate of NT$30.39 per U.S. Dollar.
All figures are in ROC GAAP.
(2) 1 ADS equals 5 common shares.

UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Statement of Cash Flows
For The Three Months Ended Mar. 31, 2008
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

USD NTD
Cash flows from operating activities:
Net Income 7 206
Depreciation & Amortization 316 9,605
Gain on recovery in market value
and obsolescence of inventories (2) (51)
Cash dividends received under the
equity method 4 135
Investment loss accounted for
under the equity method 11 319
Gain on valuation of financial
assets and liabilities (6) (192)
Impairment loss 0 10
Gain on disposal of investments (21) (652)
Gain on disposal of property,
plant and equipment (0) (4)
Exchange gain on financial assets
and liabilities (1) (25)
Exchange gain on long-term
liabilities (6) (178)
Amortization of bond discounts 0 6
Amortization of deferred income (1) (38)
Change in assets and liabilities 10 314
Net cash provided from operating
activities 311 9,455

Cash flows from investing activities:
Proceeds from disposal of
available-for-sales financial
assets 22 670
Acquisition of long-term
investments accounted for the
equity method (0) (13)
Proceeds from disposal of long-
term investments accounted for
the equity method 0 0
Acquisition of property, plant
and equipment (187) (5,685)
Proceeds from disposal of
property, plant and equipment 0 5
Acquisition of deferred charges (11) (340)
Decrease in other assets - others 0 1
Net cash used in investing activities (176) (5,362)

Cash flows from financing activities:
Proceeds from short-term Loans 15 456
Redemption of bonds (402) (12,217)
Decrease in deposits-in (0) (2)
Net cash used in financing activities (387) (11,763)

Effect of exchange rate changes on
cash and cash equivalents (5) (148)
Decrease in cash and cash equivalents (257) (7,818)

Cash and cash equivalents at
beginning of period 1,232 37,453

Cash and cash equivalents at end of
period 975 29,635

Note: New Taiwan Dollars have been translated into U.S. Dollars at the
March 31, 2008 exchange rate of NT$ 30.39 per U.S. Dollar.
All figures are in ROC GAAP.

Contacts:

Bowen Huang / I Cheng Lu
UMC, Investor Relations
Tel: 886-2-2700-6999 ext. 6957
Email:
United Microelectronics Corporation

Tags: Computer by admin
No Comments »

– Reignites the Fire of Chi Bi –
BEIJING, April 30 /Xinhua-PRNewswire/ — Perfect World Co., Ltd. (”Perfect World” or the “Company”), a leading online game developer and operator in China, today announced that it collaborates with Intel, the world leader in silicon innovation, and Haier Information Technology Co., Ltd. (”Haier”), a famous supplier of computer products on a marketing campaign. As a part of the collaboration, Perfect World’s “Chi Bi,” the Company’s first 3D massively multiplayer online role playing game (”MMORPG”) based on Chinese history, the famous Three Kingdoms period, will be the key visual component of the campaign that has been designed to show off Haier’s latest Runyan Rui Zhi T68 notebook computers and Spark Light Runyan personal computers featuring the latest Intel(R) Centrino(R) processor technology with the 45 nm Intel(R) Core(TM) 2 Duo processor, which will bring superior experience to online game players.
In January 2008, Intel released the latest Intel(R) Centrino(R) Processor Technology featuring Intel(R) Core(TM)2 Duo processor, providing the core technology for Haier’s and other famous computer products suppliers’ computers. “Chi Bi” plays an important role in the marketing campaign due to its visually stunning and high quality aspects. The game has been optimized for the latest Intel(R) Centrino(R) Processor Technology, which enables the outstanding performance of Chi Bi’s high-definition and 3D rendering features on Haier’s computers.
Commenting on the cooperation, Vice President of Perfect World, Ms. Ruby Wang, said, “I believe our cooperation with Intel and Haier will further enhance the attractiveness of our online games, demonstrate the excellence of ‘Chi Bi’, which is developed on our proprietary 3D Angelica game engine, and show off our proprietary technology capabilities. The high-end performance of Haier notebooks coupled with the latest Intel(R) Centrino(R) Processor Technology will allow online game players to truly experience the 3D effects of our products.”
On April, 30, 2008, the three companies jointly held a press conference to announce the collaboration and to kick off the marketing campaign.
This joint press conference was hosted by Mr. Ma Xiangyang, Chief Editorial Assistant of Sohu.com Inc., Ms. Ruby Wang, Vice President of Perfect World, Mr. Fang Chunsong, Vice President of Haier, and Mr. Karl Wu, Consumer Marketing Group Director, Intel China all attended the press conference. The media interviews focused on the purpose, goal, and influence of the cooperation, and the high-definition images of Chi Bi demonstrated by Haier’s notebook computer with the latest Intel(R) Centrino(R) Processor Technology, which impressed all the attendants at the press conference.
The promotion period is expected to start on May 1, 2008 and will end on July 31, 2008.
About Intel
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at and blogs.intel.com .
Enterprise Profile of Haier Computer
Haier Computer, a fast-growing brand in China IT industry, was established jointly by Haier Group and Taiwan Pouchen Group. Presently, Haier computer allocates its world-top manufacture bases of desktop and notebook computers in Guangdong and Kunshan.
Statistics from IDC, an international authoritative research institution, indicated, Haier notebook computer has pushed far ahead of many domestic and overseas brands, leading the 2nd place among the domestic brands in Chinese market in a continual 6 quarters.
Haier Computer, with the brand and network advantages of Haier Group, has built up a cooperative relationship with the global IT suppliers, as Intel, Microsoft, NVIDIA, Foxconn and PROVIEW, etc., and has established a Haier & Intel Innovative Product Research Center and a digital high definition lab. Haier computer has successively developed a variety of unique products such as Haier Runyan Desktop computer Series, Runqing Notebook computer Series, Jiajiale (joy in every family in English), luxury notebook and the LEMODO commercial computers (known as never halt), etc. It successfully passed MTBF test on stability for 120,000 hr by the state authoritative organization and has been awarded many honors as China Environment Protection Bureau “Green Star” by the national authority, 2007 Annual Innovative Enterprise in China Information Industry, and an honorable enterprise for supporting information construction in pilot rural areas by Ministry of Information Industry.
In the global market, Haier computer takes up a “going overseas” strategy. In August 2007, it succeeded in putting 10 global rivals out and got a huge order of 100,000 sets in Macedonia government global bidding. In Europe, it successfully accessed the professional channels as Carrefour and Media Market. In Latin America, it won a project of 15 million USD and accessed over 20 countries and areas. In CES International Consumer Electronics Show Las Vegas, January 2008, Haier VM notebook computer was awarded “Global Top Fashionable Computer”.
Haier computer is marching towards its goal — to be a world-top IT brand!

About Perfect World Co., Ltd. ( )

Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional (”3D”) online games based on the proprietary Angelica 3D game engine and game development platform. The Company’s strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company’s current portfolio of self-developed 3D online games includes 3D massively multiplayer online role playing games (”MMORPGs”): “Perfect World,”"Legend of Martial Arts,”"Perfect World II,”"Zhu Xian,” and “Chi Bi;” and a 3D casual game: “Hot Dance Party.” While most revenues are generated in China, the Company’s games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.
Safe Harbor Statements
This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,”"expects,”"future,”"plans,”"believes” and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World’s filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact

Perfect World Co., Ltd.
Vivien Wang
Investor Relations Officer
Tel: 86-10-5885-1813
Fax: 86-10-5885-6899
Email:

Christensen Investor Relations
Peter Homstad
Tel: 1-480-614-3026
Fax: 1-480-614-3033
Email:

Jung Chang
Tel: 852-2117-0861
Fax: 852-2117-0869
Email:
Perfect World Co., Ltd.

Tags: Computer by admin
No Comments »

ASHBURN, Va. and IDAHO FALLS, Idaho, May 1 /PRNewswire/ — Ashburn-based DigitalBridge Communications (DBC) announced today that it is expanding high speed wireless Internet service coverage to Idaho Falls, ID. This launch adds the third community within the Eastern Idaho Technology Corridor along Interstate 15 to DBC’s WiMAX network in southeastern Idaho. In Idaho Falls, the WiMAX service, called BridgeMAXX, will reach more than 25,000 homes and businesses. DBC is also serving Rexburg, Pocatello and Hailey Idaho, and plans to expand to other communities over the next few months.
Joe Kochan, DBC Vice President of Operations, officially launched service with a “wire-cutting” ceremony and a demonstration at the DigitalBridge Communications office in Idaho Falls on Thursday, May 1st. Also speaking at the event were City of Idaho Falls Mayor Jared Fuhriman, Ammon City Mayor Bruce Ard, Scott Hancock, President of computer Medical Center, and Linda Martin, Executive Director of Grow Idaho Falls.
Mayor Fuhriman stated, “Idaho Falls is excited about WiMAX high speed Internet service and the vast opportunities it brings. We’re proud to be leading the way among American cities delivering affordable Internet options to its citizens.”
“Affordable high speed Internet is a huge asset for any community — bringing residents and businesses the tools that they need to get things done.” Ammon Mayor Bruce Ard reinforced. “The City of Ammon is utilizing the BridgeMAXX network in a variety of applications, including remote control of sprinkler systems based on real-time weather conditions, which will enable cost and water savings.”
In June, 2007, DigitalBridge deployed the first commercial WiMAX network in the country in Rexburg, Idaho. “Within less than one year from launching WiMAX in Rexburg we are proud to be serving so much more of southeast Idaho,” said Joe Kochan. “We can deliver the fast, simple, portable, and affordable broadband services that customers want — and our regional network means customers can really leverage the portable nature of our service, getting online in Idaho Falls, Rexburg, Pocatello, and even Missoula.”
“Any time our companies can expand their technology offerings in the Greater Idaho Falls area, it creates a magnet for additional opportunities. In today’s business world, it is required that technology be accessible and available at all times. The addition of the BridgeMAXX solutions to our business world is a great attraction,” said Linda Martin from Grow Idaho Falls, the local economic development organization.
Scott Hancock, of computer Medical Center said, “Nearly a year ago we began selling BridgeMAXX in Rexburg and the partnership with DBC has continued to grow. We are proud to offer our customers not just an Internet connection, but one that is easy to set up and portable to take with them — that’s something that only BridgeMAXX can offer.”
The BridgeMAXX service features plug-and-surf technology, which allows customers to set up and begin using a WiMAX high speed Internet connection in a matter of minutes. For most residents, service can be accessed using a small portable modem that connects to the computer. The wireless high-speed Internet service uses licensed radio frequencies to provide service instead of traditional coaxial cable, telephone wires or satellite dishes. WiMAX is a secure, high speed, long-range wireless Internet technology.
BridgeMAXX service features extremely easy set up, value and portability, and offers residential plans delivering download speeds up to 2 Mbps and upload speeds up to 500Kbps which is significantly faster than dial-up or satellite. Subscribers can get online anywhere in the BridgeMAXX service area; which now includes Hailey, Pocatello, and Rexburg in Idaho, just by taking their modem with them. Enhanced service plans for business use are available as well.
Customers can sign up for BridgeMAXX online or over the phone. Also, because BridgeMAXX is so simple to use, a customer can try it and take it home the same day by visiting one of three authorized retailers in the Idaho Falls area: computer Medical Center at 1561 Northgate Mile, PC Plus Computers at 972 E. Lincoln Road, and computer Geeks at 2055 Whispering Lane.
About DigitalBridge Communications
DigitalBridge Communications Corp. (”DBC”) is a telecommunications service provider focused on using WiMAX to deliver broadband services to underserved communities nationwide. DBC was founded in 2005 by P. Kelley Dunne, Bill Wallace, and Joe Kochan. Since launching its service late last year, DBC has deployed networks in 12 markets throughout the U.S. With WiMAX, DBC subscribers are able to set up service on their own within a matter of minutes and use their portable service inside or outside their homes and offices. For more information about DBC, please visit .
DigitalBridge Communications

Tags: Computer by admin
No Comments »

TOKYO, April 22 /PRNewswire/ — Sony Computer Entertainment Inc. (SCEI) announced today that it will expand the Closed Beta testing for PLAYSTATION(R)Home in Summer 2008, inviting a further number of registrants from the PLAYSTATION(R)3 (PS3(R)) users. Following completion of the Expanded Closed Beta test, the PLAYSTATION Home Open Beta service will commence in Fall 2008.
(Logo: )
“We understand that we are asking PS3 and prospective PS3 users to wait a bit longer, but we have come to the conclusion that we need more time to refine the service to ensure a more focused gaming entertainment experience than what it is today,” said Kazuo Hirai, President and Group CEO, Sony Computer Entertainment Inc. “Our overarching objective is to provide users with new gaming experiences that are available only on PLAYSTATION Home. Spending more time on the development and on the Closed Beta testing reaffirms our commitment to bringing a quality service, maintaining the PlayStation(R) tradition.”
The PLAYSTATION Home Open Beta service that will become available in Fall 2008 will be built around providing new and fun community gaming experiences. Details of the Closed Beta testing features, registration for the test and the opening of the service will be announced as they become available.
About PLAYSTATION(R)Home
PLAYSTATION(R)Home is the visual representation of the PlayStation(R) community. It is an evolving online social gaming service built for PS3(R) users to meet and share gaming experiences.
About Sony Computer Entertainment Inc.
Recognized as the global leader and company responsible for the progression of consumer-based computer entertainment, Sony Computer Entertainment Inc. (SCEI) manufacturers, distributes and markets the PlayStation(R) game console, the PlayStation(R)2 computer entertainment system, the PSP(R) (PlayStation(R)Portable) handheld entertainment system and the PLAYSTATION(R)3 (PS3(R)) system. PlayStation has revolutionized home entertainment by introducing advanced 3D graphic processing, and PlayStation 2 further enhances the PlayStation legacy as the core of home networked entertainment. PSP is a new handheld entertainment system that allows users to enjoy 3D games, with high-quality full-motion video, and high-fidelity stereo audio. PS3 is an advanced computer system, incorporating the state-of-the-art Cell processor with super computer like power. SCEI, along with its subsidiary divisions Sony Computer Entertainment America Inc., Sony Computer Entertainment Europe Ltd., and Sony Computer Entertainment Korea Inc. develops, publishes, markets and distributes software, and manages the third party licensing programs for these platforms in the respective markets worldwide. Headquartered in Tokyo, Japan, Sony Computer Entertainment Inc. is an independent business unit of the Sony Group.
PlayStation, PLAYSTATION, and PS3 are registered trademarks of Sony Computer Entertainment Inc.
All other trademarks are property of their respective owners.

Sony Computer Entertainment Inc.

Tags: Computer by admin
No Comments »