Featured Company News – UMC Announces Major Executive Restructure; Names Chien and Wang as the Company’s Co-Presidents

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LONDON, UK / ACCESSWIRE / June 16, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for United Microelectronics Corp. (NYSE: UMC). The Company announced on June 14, 2017, that its board of directors has appointed senior vice presidents SC Chien and Jason Wang as co-presidents of the Company, post the retirement of Po-Wen Yen who was UMC’s CEO. The co-presidents are collectively responsible for the overall performance and growth of the Company and will report directly to the Chairman, Stan Hung. This announcement was issued with immediate effect and denotes a major management transition in the leading global semiconductor foundry, UMC. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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The Co-Presidents

SC Chien will focus on the core manufacturing and technology segments of the Company, including the Research & Development Wing and operations. Mr. Chien has more than 30 years of experience in the semiconductor R&D. He joined UMC in 1989, and during his 28 years at the Company, he has led different functions across the Company, including, advanced technology development (ATD), specialty technology development (STD), technology transfer and development (TTD), IP & Design Support (IPDS), and CM (Corporate Marketing).

Jason Wang will focus on the business operations of the Company, where he will head the corporate strategy & planning, customer engineering, and sales & marketing segments. Mr. Wang joined UMC as the Vice President of Corporate Marketing in 2008. Later, from 2009 to 2014, Wang served as the President of UMC-USA, where he was responsible for the Company’s North American business. Recently, prior to the announcement, he was the senior vice president in charge of Worldwide Sales and Corporate Marketing.

The Company

UMC is a leading semiconductor foundry with offices in Taiwan, China, Europe, Japan, Singapore, Korea, and the United States. The Company delivers foundry solutions which enable chip designers to leverage UMC’s technology and manufacturing portfolio, including high volume 28 nm High-K/Metal Gate technology, 14nm FinFET mass production, and the ultra-low power platform, which is designed specifically for IoT applications. UMC currently holds 11 wafer fabs throughout Asia, enabling it to produce about 600,000 semiconductor wafers per month. The Company currently ships 14nm wafers to its leading customers where it is being utilized for new consumer electronic applications.

On February 23, 2017, UMC announced that it had entered into the mass production for customer ICs based on its self-developed 14nm FinFET technology. The 14nm FinFET technology performed far beyond the market standards, as of February 23, 2017, where it featured 55% higher speed and twice the gate density over 28nm process technology. The 14nm FinFET also consumes 50% less power than 28nm, where the Company expects to elevate its 14 nm manufacturing capacity as per the customer demand.

UMC recently collaborated with Synopys, Inc. (NYSE: SNPS) on March 14, 2017, to facilitate the integration of Synopsys’ Custom Compiler and Laker custom design tools, with UMC’s 14-nm FinFET process. The collaboration included the creation and validation of a UMC 14-nm industry-standard iPDK. IPDK basically reduces the time consumed by users to layout and connect FinFET devices, where it enables full support of the Customer Compiler visually-assisted layout flow. The Custom Compiler Solution from Synopsys enabled the Companies to deliver UMC 14-nm process users with a complete custom design solution.

Last Close Stock Review

At the closing bell, on Thursday, June 15, 2017, United Microelectronics’ stock declined 1.01%, ending the trading session at $1.96. A total volume of 1.10 million shares have exchanged hands. The Company’s stock price advanced 8.29% in the past six months and 1.55% in the previous twelve months. Moreover, the stock rallied 12.00% since the start of the year. The stock is trading at a PE ratio of 14.85 and has a dividend yield of 4.59%. The stock currently has a market cap of $5.01 billion.

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