Mission Statement, Vision, & Core Values of United Microelectronics Corporation (UMC)

How well do you know the guiding principles that drive one of the world's leading semiconductor foundries? Let's delve into the mission, vision, and core values of United Microelectronics Corporation (UMC). In 2024, UMC demonstrated its resilience and growth, achieving total revenues of NT$232.30 billion, a 4.39% year-over-year increase, but what are the values that underpin this financial performance?

Understanding these elements provides insight into the company's strategic direction and its commitment to stakeholders. Are you ready to explore the foundation upon which UMC builds its success and navigates the competitive semiconductor landscape, especially with a 34% revenue contribution from 22/28nm technologies in Q4 2024?

United Microelectronics Corporation (UMC) An Overview of

United Microelectronics Corporation (UMC) is a global semiconductor foundry. Established in 1980 as Taiwan's first semiconductor company, UMC has grown into a leading provider of advanced manufacturing solutions for the electronics industry. The company offers a wide range of foundry services, producing integrated circuits for various applications. As of April 2025, UMC continues to be a key player in the semiconductor manufacturing sector, serving a diverse customer base worldwide.

UMC provides a comprehensive suite of manufacturing technologies, including:

• Logic
• Mixed-signal
• Embedded non-volatile memory
• Specialty technologies

These technologies support a broad array of applications, such as communications, consumer electronics, and automotive. UMC operates several advanced manufacturing facilities across Asia, with a focus on delivering high-quality and efficient production to meet customer demands.

UMC's financial performance in its latest reporting period demonstrates its strong position in the semiconductor market. In 2024, UMC reported record-breaking revenue, driven by robust demand for its advanced manufacturing technologies. Specifically, revenue from 40nm and 28nm nodes saw significant growth, reflecting the increasing adoption of these technologies in various applications. The company's strategic focus on expanding its capacity and improving operational efficiency has contributed to its financial success. UMC has also seen growth in key markets such as:

• 5G
• Automotive
• Internet of Things (IoT)

These sectors are fueling the demand for UMC's specialized foundry services.

United Microelectronics Corporation stands as one of the leading semiconductor foundries in the world. To delve deeper into understanding the factors behind UMC's success and its journey, explore: United Microelectronics Corporation (UMC): History, Ownership, Mission, How It Works & Makes Money

United Microelectronics Corporation (UMC) Mission Statement

United Microelectronics Corporation (UMC) stands as a leading global semiconductor foundry. Founded in 1980 and headquartered in Hsinchu, Taiwan, UMC provides high-quality integrated circuit (IC) fabrication services, focusing on logic and various specialty technologies. Serving all major sectors of the electronics industry, UMC has a global presence with approximately 20,000 employees and manufacturing facilities in Taiwan, Singapore, China, and Japan, plus local offices in the United States, Europe, China, Japan, Korea and Singapore.

UMC's mission statement reflects its commitment to sustainability, innovation, and value creation:

'We strive for corporate sustainability by providing reliable and innovative semiconductor foundry services, creating value for our customers and shareholders, and contributing to global economic development. We are committed to minimizing our environmental footprint by leading value chain partners in adopting green manufacturing technologies and practices. We aim to create a workplace in which employees feel respected and valued, have opportunities to grow and thrive, and can share in the company's successes.'

This mission statement embodies several core components:

• Sustainability: UMC aims to balance economic growth with environmental and social responsibility.
• Innovation: The company is dedicated to providing cutting-edge semiconductor foundry services.
• Value Creation: UMC focuses on creating value for its customers, shareholders, and employees.
• Global Contribution: UMC is committed to contributing to global economic development and minimizing environmental impact.

Core Components of UMC's Mission Statement

UMC's mission statement is composed of several key elements that guide the company's strategies and operations:

1. Providing Reliable and Innovative Semiconductor Foundry Services

UMC is dedicated to offering dependable and advanced semiconductor foundry services to its clients. This commitment involves:

• Technology Leadership: UMC focuses on delivering specialty technology solutions and platforms, especially for rapidly growing product applications such as 5G, AIoT, edge computing, and automotive ICs.
• Comprehensive Solutions: UMC provides comprehensive IC processing technologies and manufacturing solutions, including Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, and BCD.
• Open Collaboration: UMC emphasizes open collaboration and customized approaches to meet customer needs, delivering differentiated specialty technologies, comprehensive foundry resources, and world-class manufacturing.

In 2024, UMC and Intel announced a collaboration to develop a 12-nanometer semiconductor process platform, targeting high-growth markets like mobile, communication infrastructure, and networking. Production is expected to begin in 2027, leveraging Intel's manufacturing capacity in Arizona.

2. Creating Value for Customers and Shareholders

Value creation is a central theme in UMC's mission, focusing on delivering benefits to both its customers and shareholders through:

• Customer Focus: UMC strives to achieve win-win solutions with customers via continuous innovative technology development and close collaboration.
• High-Quality IC Fabrication: UMC provides high-quality IC fabrication services, ensuring customers gain a competitive edge through advanced processes and specialty technologies.
• Financial Performance: In the fiscal year 2024, UMC's financial performance included a revenue of 232.30 Billion TWD and a net income of 47.21 Billion TWD. The dividend yield was 6.43%.

3. Contributing to Global Economic Development and Minimizing Environmental Footprint

UMC is dedicated to making a positive impact on global economic development while minimizing its environmental footprint:

• Green Manufacturing: UMC is committed to minimizing its environmental footprint by leading value chain partners in adopting green manufacturing technologies and practices.
• Renewable Energy: As a member of RE100, UMC aims to use renewable energy sources for 100% of its electricity consumption by 2050.
• Sustainable Operations: UMC endeavors to run its business sustainably to realize stable, long-term growth and establish strong relationships with customers, suppliers, and other stakeholders.

These efforts align with global sustainability goals, reflecting UMC’s broader commitment to corporate responsibility. You might also be interested in reading about Breaking Down United Microelectronics Corporation (UMC) Financial Health: Key Insights for Investors

Vision

UMC's vision is 'To unleash the power of technology for a better world.' This vision statement highlights the company's aspiration to leverage technology to improve the world.

Core Values

UMC's core values are integral to its culture and operations:

• Integrity: UMC emphasizes integrity in all its actions, ensuring consistency between words and actions, and taking responsibility.
• Pragmatism: The company relies on facts and data for critical thinking, ensuring decisions are purposeful and accurate.
• Agility: UMC is agile and responsive to changes in the fast-evolving market, maintaining its market-leading position through swift execution of effective solutions.
• Ingenuity: UMC anticipates shifts in market dynamics through ingenuity and critical thinking, focusing on enhancing the company’s competitiveness.

United Microelectronics Corporation (UMC) Vision Statement

United Microelectronics Corporation (UMC) stands as a leading global semiconductor foundry, providing high-quality IC fabrication services, focusing on logic, mixed-signal, and specialty technologies to serve diverse electronics applications. Understanding UMC's guiding principles requires a close examination of its mission statement, vision, and core values. These elements collectively articulate the company's purpose, aspirations, and the ethical framework that governs its operations. For more in-depth historical context, you might find this resource helpful: United Microelectronics Corporation (UMC): History, Ownership, Mission, How It Works & Makes Money.

UMC's Mission Statement

UMC's mission statement reflects its dedication to being a trusted and reliable partner in the semiconductor industry. While a specific, publicly declared mission statement can be elusive, UMC's actions and communications suggest a commitment to:

• Providing advanced manufacturing technologies to enable customer success.
• Maintaining operational excellence and continuous improvement in all aspects of its business.
• Fostering a culture of innovation, collaboration, and integrity.

UMC's Vision

UMC's vision is to be the foundry partner of choice for the global semiconductor industry. This vision encompasses several key aspects:

Technological Leadership: Striving to be at the forefront of semiconductor manufacturing technology, UMC invests heavily in research and development to offer its customers cutting-edge solutions. This includes advancements in areas such as:

• FinFET technology: UMC is actively developing FinFET processes to meet the demands of high-performance applications.
• Specialty technologies: The company focuses on developing differentiated technologies like embedded high voltage, embedded non-volatile memory, and RFSOI to cater to specific market segments.

Customer Focus: UMC prioritizes building strong, long-term relationships with its customers by providing flexible manufacturing solutions, reliable capacity, and responsive support. This customer-centric approach is evident in its:

• Collaborative design services: UMC works closely with customers to optimize their designs for its manufacturing processes.
• Dedicated account management: Each customer has a dedicated team to address their specific needs and ensure satisfaction.

Operational Excellence: UMC is committed to achieving the highest standards of operational efficiency and quality in its manufacturing facilities. This includes:

• Lean manufacturing principles: UMC continuously seeks to eliminate waste and improve efficiency in its operations.
• Stringent quality control: The company implements rigorous quality control measures to ensure the reliability and performance of its products.

Sustainability: Recognizing the importance of environmental responsibility, UMC is committed to sustainable manufacturing practices. This commitment is reflected in its:

• Energy conservation efforts: UMC invests in energy-efficient equipment and processes to reduce its carbon footprint.
• Water conservation initiatives: The company implements water recycling and conservation measures to minimize its water usage.

UMC's Core Values

UMC's core values serve as the foundation for its corporate culture and guide the behavior of its employees. While the company may not explicitly list its core values, its actions and communications suggest that it emphasizes:

Integrity: UMC conducts its business with the highest ethical standards, ensuring transparency and fairness in all its dealings.

Innovation: The company fosters a culture of creativity and encourages employees to develop new ideas and solutions.

Collaboration: UMC promotes teamwork and collaboration, both internally and with its customers and partners.

Customer Satisfaction: The company is dedicated to meeting and exceeding customer expectations by providing high-quality products and services.

Social Responsibility: UMC is committed to operating in a socially responsible manner, contributing to the well-being of its employees, communities, and the environment.

United Microelectronics Corporation (UMC) Core Values of

At United Microelectronics Corporation (UMC), a set of core values guides its operations and interactions with stakeholders. These values reflect the company's commitment to integrity, customer satisfaction, innovation, and sustainability. Understanding these core values provides insight into how UMC conducts its business and its priorities in the semiconductor industry. For a deeper dive into UMC's financial stability, see: Breaking Down United Microelectronics Corporation (UMC) Financial Health: Key Insights for Investors

Customer Satisfaction

UMC prioritizes customer satisfaction by focusing on building strong, collaborative relationships. This involves understanding their clients' needs and delivering high-quality, reliable solutions. Customer satisfaction is crucial for UMC as it directly impacts its reputation and long-term success in the competitive semiconductor market.

• Providing customized solutions: UMC works closely with customers to tailor its manufacturing processes to meet specific requirements.
• Ensuring product reliability: UMC maintains rigorous quality control standards to ensure its products meet or exceed customer expectations.
• Offering technical support: UMC provides comprehensive technical support to assist customers with design and integration challenges.

Innovation

Innovation is a driving force at UMC, with the company continually investing in research and development to stay at the forefront of semiconductor technology. This commitment to innovation enables UMC to offer advanced manufacturing solutions and maintain a competitive edge.

• Investing in R&D: UMC allocates a significant portion of its revenue to research and development, totaling NT$17.97 billion in 2024.
• Developing advanced technologies: UMC has been instrumental in the development of technologies such as 28nm High-K/Metal Gate (HKMG) and 14nm FinFET.
• Encouraging employee creativity: UMC fosters a culture of innovation by encouraging employees to generate new ideas and explore emerging technologies.

Integrity

Integrity is a cornerstone of UMC's corporate culture, influencing how the company interacts with employees, customers, suppliers, and the broader community. UMC emphasizes ethical behavior, transparency, and accountability in all its operations, fostering trust and long-term relationships.

• Adhering to ethical standards: UMC has a strict code of conduct that all employees are expected to follow, ensuring ethical behavior in all business dealings.
• Promoting transparency: UMC is committed to transparency in its financial reporting and corporate governance practices.
• Ensuring accountability: UMC holds its employees accountable for their actions, with clear consequences for unethical behavior.

Sustainability

UMC recognizes the importance of environmental stewardship and is committed to sustainable manufacturing practices. This involves reducing its environmental footprint, conserving resources, and promoting responsible waste management. Sustainability is integral to UMC's long-term viability and its commitment to being a responsible corporate citizen.

• Reducing emissions: UMC has implemented various initiatives to reduce its greenhouse gas emissions, including investing in energy-efficient technologies. In 2024, UMC reduced its Scope 1 and 2 greenhouse gas emissions by 25% compared to the 2020 baseline.
• Conserving water: UMC has implemented water conservation measures at its manufacturing facilities, including recycling and reuse programs. In 2024, UMC's water recycling rate reached 85%.
• Managing waste: UMC is committed to responsible waste management, including reducing waste generation and increasing recycling rates. In 2024, UMC recycled 90% of its waste materials.