UMC Files 2024 Annual Report: New Associates Added
Ticker: UMC · Form: 20-F · Filed: Apr 24, 2025 · CIK: 1033767
| Field | Detail |
|---|---|
| Company | United Microelectronics Corp (UMC) |
| Form Type | 20-F |
| Filed Date | Apr 24, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, semiconductors, financials
TL;DR
UMC's 2024 20-F is out, showing new associates SUBTRON & SIS, and detailing 2023/2024 financials.
AI Summary
United Microelectronics Corp. (UMC) filed its annual 20-F report for the fiscal year ending December 31, 2024. The filing details financial information and business operations, including the addition of SUBTRON as an associate in January 2023 and SIS as an associate in August 2023. The report also mentions non-cash changes such as discount amortization and guarantee deposits related to capacity reservation.
Why It Matters
This filing provides investors with a comprehensive overview of UMC's financial health and strategic partnerships for the past fiscal year, impacting investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report, but the semiconductor industry is subject to cyclicality and geopolitical risks.
Key Numbers
- 20241231 — Fiscal Year End (The period covered by the 20-F report.)
- 20250424 — Filing Date (The date the 20-F report was submitted to the SEC.)
- 2023-12-31 — Previous Fiscal Year End (Provides a comparative period for financial analysis.)
Key Players & Entities
- UNITED MICROELECTRONICS CORP (company) — Filer of the 20-F report
- SUBTRON (company) — Became an associate in January 2023
- SIS (company) — Became an associate in August 2023
- 0001193125-25-092142 (dollar_amount) — Accession number for the filing
FAQ
What were the primary drivers for the addition of SUBTRON and SIS as associates?
The filing states that SUBTRON became an associate beginning January 2023 and SIS in August 2023, but does not specify the drivers for these additions.
What is the nature of the 'guarantee deposits' mentioned in the filing?
The filing states that guarantee deposits mainly consisted of deposits of capacity reservation.
What is the significance of 'discount amortization' as a non-cash change?
The filing indicates that discount amortization was measured by the effective interest method, representing a non-cash adjustment to financial statements.
What is the SIC code for United Microelectronics Corp.?
The Standard Industrial Classification (SIC) code for United Microelectronics Corp. is 3674, which corresponds to SEMICONDUCTORS & RELATED DEVICES.
When did United Microelectronics Corp. last file a 20-F report before this one?
Based on the filing dates, the previous 20-F report would have been for the fiscal year ending December 31, 2023, filed around April 2024.
Filing Details
This Form 20-F (Form 20-F) was filed with the SEC on April 24, 2025 regarding UNITED MICROELECTRONICS CORP (UMC).