UNITED MICROELECTRONICS CORPORATION

Condensed Unconsolidated Income Statement

Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

Except Per Share and Per ADS Data

Year over Year Comparison

Quarter over Quarter Comparison

Three-Month Period Ended

Three-Month Period Ended

September 30, 2012

September 30, 2011

%

September 30, 2012

June 30, 2012

%

US$

NT$

US$

NT$

Chg.

US$

NT$

US$

NT$

Chg.

Net Sales

973

28,525

859

25,187

13.3%

973

28,525

942

27,620

3.3%

Cost of Goods Sold

(739)

(21,675)

(689)

(20,203)

7.3%

(739)

(21,675)

(712)

(20,880)

3.8%

Net Gross Profit

234

6,850

170

4,984

37.4%

234

6,850

230

6,740

1.6%

24.0%

24.0%

19.8%

19.8%

24.0%

24.0%

24.4%

24.4%

Operating Expenses

  - Sales & Marketing

(17)

(504)

(18)

(535)

(5.8%)

(17)

(504)

(17)

(492)

2.4%

  - General & Administrative

(18)

(515)

(21)

(630)

(18.3%)

(18)

(515)

(21)

(626)

(17.7%)

  - Research & Development

(76)

(2,219)

(79)

(2,284)

(2.8%)

(76)

(2,219)

(83)

(2,440)

(9.1%)

(111)

(3,238)

(118)

(3,449)

(6.1%)

(111)

(3,238)

(121)

(3,558)

(9.0%)

Operating Income

123

3,612

52

1,535

100.0%

123

3,612

109

3,182

13.5%

12.7%

12.7%

6.1%

6.1%

12.7%

12.7%

11.5%

11.5%

Net Non-Operating Income (Expenses)

3

83

16

445

(81.3%)

3

83

8

261

(68.2%)

Income from Continuing Operations before
   Income Tax

126

3,695

68

1,980

86.6%

126

3,695

117

3,443

7.3%

13.0%

13.0%

7.9%

7.9%

13.0%

13.0%

12.5%

12.5%

Income Tax Expense

(44)

(1,278)

(1)

(26)

100.0%

(44)

(1,278)

(15)

(453)

100.0%

Net Income

82

2,417

67

1,954

23.7%

82

2,417

102

2,990

(19.2%)

8.5%

8.5%

7.8%

7.8%

8.5%

8.5%

10.8%

10.8%

Earnings per Share

0.006

0.19

0.005

0.16

0.006

0.19

0.008

0.24

Earnings per ADS ⁽²⁾

0.032

0.95

0.027

0.80

0.032

0.95

0.041

1.20

Weighted Average Number of Shares

Outstanding (in millions)

12,629

12,606

12,629

12,622

Notes:

(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2012 exchange rate of NT $ 29.31 per U.S. Dollar.

     All figures are in ROC GAAP.

(2) 1 ADS equals 5 common shares.

  UNITED MICROELECTRONICS CORPORATION

Condensed Unconsolidated Income Statement

Figures in Millions 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 Nine-Month Period Ended

September 30, 2012

September 30, 2012

US$

NT$

%

US$

 NT$ 

%

Net Sales

973

28,525

100.0%

2,726

79,910

100.0%

Cost of Goods Sold

(739)

(21,675)

(76.0%)

(2,107)

(61,770)

(77.3%)

Net Gross Profit

234

6,850

24.0%

619

18,140

22.7%

Operating Expenses

  - Sales & Marketing

(17)

(504)

(1.8%)

(51)

(1,505)

(1.9%)

  - General & Administrative

(18)

(515)

(1.8%)

(58)

(1,693)

(2.1%)

  - Research & Development

(76)

(2,219)

(7.7%)

(233)

(6,824)

(8.5%)

(111)

(3,238)

(11.3%)

(342)

(10,022)

(12.5%)

Operating Income 

123

3,612

12.7%

277

8,118

10.2%

Net Non-Operating Income (Expenses)

3

83

0.3%

17

513

0.6%

Income from Continuing Operations before
    Income Tax

126

3,695

13.0%

294

8,631

10.8%

Income Tax Expense

(44)

(1,278)

(4.5%)

(64)

(1,889)

(2.4%)

Net Income 

82

2,417

8.5%

230

6,742

8.4%

Earnings per Share

0.006

0.19

0.018

0.53

Earnings per ADS ⁽²⁾

0.032

0.95

0.090

2.65

Weighted Average Number of Shares
     Outstanding (in millions)

12,629

12,621

Notes:

(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2012 exchange rate of NT $ 29.31 per U.S. Dollar.

     All figures are in ROC GAAP.

(2) 1 ADS equals 5 common shares.

  UNITED MICROELECTRONICS CORPORATION

Condensed Unconsolidated Statement of Cash Flows

For The Nine-Month Period Ended September 30, 2012

 Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

USD

NTD

Cash flows from operating activities :

    Net Income

230

6,742

    Depreciation & Amortization

838

24,555

    Gain on recovery in bad debt

(0)

(0)

    Gain on recovery in market value and obsolescence of inventories 

(2)

(55)

    Cash dividends received under the equity method

2

57

    Investment lossaccounted for under the equity method

87

2,556

    Loss on valuation of financial assets and liabilities

13

386

    Impairment loss

1

25

    Gain on disposal of investments

(68)

(1,989)

    Gain on disposal of property, plant and equipment

(1)

(24)

    Exchange gain on financial assets and liabilities

(4)

(127)

    Exchange gain on long-term liabilities

(6)

(184)

    Amortization of bond discounts 

9

258

    Amortization of deferred income

(2)

(59)

    Stock-based payment

6

185

    Exchange gain on capital reduction of long-term investments accounted for under the
         equity method

(8)

(233)

    Changes in assets, liabilities and others

(74)

(2,156)

Net cash provided by operating activities

1,021

29,937

Cash flows from investing activities :

    Proceeds from disposal of available-for-sales financial assets

92

2,711

    Proceeds from disposal of financial assets measured at cost

0

0

    Acquisition of long-term investments accounted for under the equity method

(1)

(16)

    Proceeds from capital reduction and liquidation of investments 

104

3,049

    Acquisition of property, plant and equipment

(1,320)

(38,675)

    Acquisition of intangible assets

(26)

(749)

    Proceeds from disposal of property, plant and equipment 

1

25

    Increase in deferred charges

(19)

(553)

    Increase in other assets - others

(3)

(133)

Net cash used in investing activities

(1,172)

(34,341)

Cash flows from financing activities :

    Decrease in short-term loans

(72)

(2,098)

    Proceeds from long-term loans

188

5,500

    Repayments of long-term loans

(44)

(1,288)

    Proceeds from bonds issued

341

10,000

    Bonds issue cost

(0)

(13)

    Cash Dividends

(216)

(6,316)

    Exercise of employee stock options

9

260

    Proceeds from disposal of treasury stock

0

4

    Increase in deposits-in

1

28

Net cash providedby financing activities

207

6,077

Effect of exchange rate changes on cash and cash equivalents                                                                   

(15)

(452)

Net increase in cash and cash equivalents

41

1,221

Cash and cash equivalents at beginning of period

1,052

30,829

Cash and cash equivalents at end of period

1,093

32,050

Note: New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2012 exchange rate of NT $ 29.31 per U.S.
         Dollar.

         All figures are in ROC GAAP.