Latest news with #JasonWang

GameChange to expand manufacturing capacity to 6GW in Saudi Arabia

Yahoo

6 days ago

Business
Yahoo

GameChange to expand manufacturing capacity to 6GW in Saudi Arabia

GameChange Solar, a supplier of solar tracker and fixed-tilt racking technology, has announced the expansion of its manufacturing facility in Saudi Arabia to six gigawatts (GW) annually. The move will double its current capacity and is expected to be completed by September 2025. The facility will continue manufacturing GameChange Solar's advanced Genius Tracker systems for utility-scale projects. The enhanced capacity aligns with the country's ambitions under its Vision 2030 to become a prominent hub for renewable energy. The expansion will enable GameChange Solar to bolster its capability to supply tracker systems across projects within the country in compliance with local sourcing requirements. GameChange Solar's Genius Tracker system has been engineered for optimal performance in desert conditions. The system, now in its tenth year, offers durability alongside ease of installation and operational efficiency in challenging environments. Since 2015, more than 40GW have been deployed globally across 26 countries on six continents. GameChange Solar vice-president for China and South East Asia Jason Wang stated: 'Our decision to scale up reflects the demand we are experiencing in Saudi Arabia and our readiness to meet it. 'The facility is already operational, and this expansion gives us the capacity to move faster on the large-scale projects coming up in the region. We're building locally, staying close to our customers and preparing for what's next. This is a long-term commitment, not just to supply equipment, but to be part of Saudi Arabia's energy future.' The tracker is designed to adapt to uneven terrain and leverages advanced algorithms for optimal solar energy capture throughout the day. Its intelligent monitoring system facilitates convenient maintenance and is therefore suitable for large-scale solar installations. "GameChange to expand manufacturing capacity to 6GW in Saudi Arabia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo

6 days ago

Business
Yahoo

GameChange to expand manufacturing capacity to 6GW in Saudi Arabia

GameChange Solar expands Saudi Arabia manufacturing capacity to 6 GW to support growing solar demand

Zawya

7 days ago

Business
Zawya

GameChange Solar expands Saudi Arabia manufacturing capacity to 6 GW to support growing solar demand

RIYADH, Saudi Arabia/PRNewswire/ -- GameChange Solar, a leading global supplier of solar tracker and fixed-tilt racking technology, today announced the expansion of its regional manufacturing capacity in the Kingdom of Saudi Arabia to 6 GW annually, doubling its volume. The expansion is expected to be completed by September 2025, with the facility continuing to produce GameChange Solar's advanced Genius Tracker™ systems for utility-scale projects. The increased capacity supports the Kingdom's ambitions under Vision 2030 to become a leading hub for renewable energy, while meeting national requirements for up to 70% local content. With this expansion, GameChange Solar strengthens its ability to supply high-quality tracker systems for projects across Saudi Arabia, in compliance with local sourcing mandates. "Our decision to scale up reflects the demand we are experiencing in Saudi Arabia and our readiness to meet it. The facility is already operational, and this expansion gives us the capacity to move faster on the large-scale projects coming up in the region. We're building locally, staying close to our customers, and preparing for what's next. This is a long-term commitment, not just to supply equipment, but to be part of Saudi Arabia's energy future," said Jason Wang, Vice President – China & SEA at GameChange Solar. GameChange Solar's Genius Tracker™ system, now in its tenth year, is engineered for high performance in desert conditions, offering durability, ease of installation, and operational efficiency. Over the past decade, it has evolved into an industry-leading solution, with over 40 GW deployed across 26 countries and six continents. For more information about the company and its solar tracking solutions, visit About GameChange Solar GameChange Solar is the third largest global provider of solar tracker solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. We have delivered over 43 GW of solar tracker and fixed tilt systems that combine fast installation, bankable quality, and unbeatable value through superior engineering, innovative design, and high-volume manufacturing. Our products enable solar panels at power plants to follow the sun's movement across the sky and optimize plant performance while protecting the array from damaging weather conditions. Media Contact Nisha Wadhwani Lead – Marketing, GameChange Solar Logo - SOURCE GameChange Solar

22 AAPI Cookbooks That Should Be On Your Shelf

Buzz Feed

10-05-2025

Entertainment
Buzz Feed

22 AAPI Cookbooks That Should Be On Your Shelf

Xi'an Famous Foods: The Cuisine of Western China, from New York's Favorite Noodle Shop — as a frequent customer at Xi'an's, I can personally say that we are ALL lucky this cookbook exists! Jason Wang's iconic recipes were first served to guests in Flushing, Queens. Since then, he has become a culinary icon, and this book is gonna give you a chance to try out some of his most famous recipes yourself! You're gonna drool over the ﬂatbread with caramelized pork, cumin lamb, and hand-pulled Biang Biang noodles. Cook Real Hawai'i — this scrumptious cookbook is by celebrity chef Sheldon Simeon. Simeon shares 100 different Hawaiian dishes with an eclectic mix of ingredients. Inside you'll find wok-fried poke, pork dumplings made with biscuit dough, crispy cauliflower katsu, and more. Um, YUM. The Boba Book: Bubble Tea and Beyond — authors Andrew Chau and Bin Chen wrote this collection of imaginative boba recipes so readers can skip the instant mixes and create one-of-a-kind drinks with the attention to detail (and better ingredients) that give justice to this internationally beloved style of beverage. Korean Home Cooking: Classic and Modern Recipes — this *delicious* cookbook has over 100 classic recipes. Browse through the book and get ready to drool over the kimchee, mung bean pancakes, seaweed soup, japchae noodles, soondae (blood sausage)...the list goes on and on! I own this cookbook and can personally confirm that Sohui Kim's recipes are a MUST try. Japanese Home Cooking: Simple Meals, Authentic Flavors — flip through the pages of this cookbook and soon you'll realize your kitchen wasn't complete without it! With this in hand, you'll serve up meals like vegetable soup with buckwheat dumplings, onigiri, mochi waffles, and mouthwatering fried chicken (that is, if you aren't too ~chicken~ to test out these tried-and-true techniques yourself!). Mooncakes and Milk Bread: Sweet and Savory Recipes Inspired by Chinese Bakeries — if steam buns are your kryptonite and the thought of kneading dough without a stand mixer feels like an impossible ask, this book by cooking instructor and Bay-area native, Kristina Cho, is the "textbook" you need in life. I promise the results of your hard work are gonna be extra sweet! Filipinx: Heritage Recipes from the Diaspora — New York Times contributing writer Angela Dimayuga gets personal with the memory-filled recipes collected in her book. If you believe photography is key when looking for cookbooks, you're sure to savor every gorgeous image in this 100-recipe option! Milk & Cardamom: Spectacular Cakes, Custards and More, Inspired by the Flavors of India — Master Chef competitor Hetal Vasavada makes life a little sweeter with this scrumptious compilation of desserts. Your sweet tooth is gonna love life when you bite into the brown butter ghee shortbread cookies, pomegranate curd brownies, and mango lassi macaroons Vasavada cooks up! The Korean Vegan Cookbook: Reflections and Recipes from Omma's Kitchen — vegans, Joanne Lee Molinaro, is the cook you can count on! Through heartwarming memories of her mother's kitchen, Molinaro helps veg-based readers connect with Korean dishes that are naturally vegan-friendly. Why limit yourself to BBQ when Jjajangmyun, Gamja Guk, and sweet bean cake are all waiting for you? Vietnamese Home Cooking — when The Slanted Door opened in 1995, Charles Phan gave many Americans their first taste of the rich, decadent flavors of Vietnamese food. With his cookbook, Phan teaches the basic techniques that'll make Vietnamese meals just as accessible at home. The Poke Cookbook: The Freshest Way to Eat Fish — these 45 fun, fresh recipes are put together to help home chefs create and customize their own perfect poke bowls. Author Martha Cheng put together recipes using uni, lychee, mango, jicama, and other tastes of summer. To Asia, With Love: Everyday Asian Recipes and Stories From the Heart — author Hetty McKinnon is a chef who writes about meals with zeal (she also lives in my home, Brooklyn, NY!). McKinnon has several cookbooks, and this fun option shows you how to make many traditional meals in nontraditional ways. I personally love this book — I'm a sucker for tips and tricks! Flavors of the Southeast Asian Grill: Classic Recipes for Seafood and Meats Cooked over Charcoal — Leela Punyaratabandhu is a literal expert when it comes to Asian cuisine. Travel through the 60 recipes in this book and you're gonna discover new must-try meals from Thailand, Burma, Laos, Cambodia, Vietnam, Malaysia, Singapore, Philippines, and Indonesia. Korean American: Food That Tastes Like Home — author Eric Kim makes colorful meals (literally) in this *stunning* Korean American cookbook. Not only will you want to make every recipe in this book, you'll want the photos of the food framed on your wall! BTW, these recipes were all created out of Kim's NYC apartment, so don't get intimidated by the limits of your kitchen! I Am a Filipino: And This Is How We Cook — recipes for oxtail soup, fish in vinegar, and fan-favorite street snacks are in this blast of a book to help you make your own kamayan meals. Nicole Ponseca wrote this in 2019, and it was named a best cookbook of the year by The New Yorker, Houston Chronicle, New York Times book review, and more. Chaat: Recipes from the Kitchens, Markets, and Railways of India — you may know Maneet Chauhan as a judge on Chopped, and if time to get this book and get to know her! Chauhan has such an imaginative take on flavor, which is reflected in the creative combinations you're gonna find inside this FAB book! Roasted sweet potatoes with star fruit, lemon, and I. COME. The Adventures of Fat Rice — a comic book cookbook for folks who don't mind playing with their food. Hugh Amano writes in this engaging cookbook about his restaurant and the history of Macau and its cuisine. The graphics alongside these fan-favorite dishes make learning how to take on these recipes all the more fun! Vietnamese Food Any Day: Simple Recipes for True, Fresh Flavors — this book was an IACP finalist, and with good reason! Nguyen's mother fled from Vietnam to America and had to come up with some clever cooking hacks to bring the flavors of home to the States. In turn, Nguyen's own recipes guide you through making Vietnamese food from the ingredients at your local grocery store. Molly on the Range: Recipes and Stories from An Unlikely Life on a Farm — Molly Yeh was the winner of the IACP cookbook awards *and* she's the star of Food Network's Girl Meets Farm. For anyone not in the know (and you should be!) Yeh is a classical musician who lived in NYC and moved, rather surprisingly, to a sugar beet farm with her partner. Yeh's Jewish/Chinese background influences her creative recipes like Asian Scotch eggs and scallion pancake challah bread. My Shanghai: Recipes and Stories from a City on the Water — this cookbook by Betty Liu was named one of the best cookbooks of the year by New York Times, Business Insider, Glamour, and more when it was released! Liu grew up eating homestyle Shanghainese food with her family. That lifetime of tradition and taste gives this cookbook a modern look at one of the oldest cuisines on earth. Coconut & Sambal: Recipes from my Indonesian Kitchen — chef and author Laura Lee fills this cookbook with stories from Indonesia in between mouthwatering recipes. Take a stab at nasi goreng, beef rendang, chili prawn satay, and pandan cake with Lee by your side! Aloha Kitchen: Recipes from Hawai'i — NPR named this fun read a cookbook of the year! Maui native, Alana Kysar celebrates Hawaii's multiethnic culture through modern local know-how, regional history, and imaginative recipes. Learn how to make staples like saimin, loco moco, and shoyu chicken. There's even a recipe for shaved ice inside! When you realize how long you've been living without these cookbooks in your life: Reviews in this post have been edited for length and clarity. Check out more AAPI-centered content by exploring how BuzzFeed celebrates Asian Pacific American Heritage Month! Of course, the content doesn't end after May. Follow BuzzFeed's A*Pop on Instagram, TikTok, and YouTube to keep up with our latest AAPI content year-round.

Business Wire

23-04-2025

Business
Business Wire

UMC Reports First Quarter 2025 Results

TAIPEI, Taiwan--(BUSINESS WIRE)-- United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ('UMC' or 'The Company'), a leading global semiconductor foundry, today announced its consolidated operating results for the first quarter of 2025. First quarter consolidated revenue was NT$57.86 billion, decreasing 4.2% from NT$60.39 billion in 4Q24. Compared to a year ago, 1Q25 revenue increased 5.9%. Consolidated gross margin for 1Q25 was 26.7%. Net income attributable to the shareholders of the parent was NT$7.78 billion, with earnings per ordinary share of NT$0.62. Jason Wang, co-president of UMC, said, 'Our results in the first quarter were in line with previous guidance, with flattish wafer shipments and the one-time pricing adjustment at the beginning of the year to reflect market conditions. First-quarter highlights include 22/28nm revenue hitting a record high, representing 37% of total sales. That was driven by a 46% quarter-over-quarter increase in 22nm revenue from products such as OLED display driver ICs, image signal processors as well as digital TV, WiFi and audio codec chips. We expect customers to tape-out additional 22nm products in the coming quarters as customers increasingly migrate to our 22nm logic and specialty platforms for next-generation applications. Earlier this month, we also officially inaugurated our new Singapore Phase 3 fab, which will provide additional 22nm capacity to support future growth. Pilot runs are underway and is on schedule to ramp up to volume production early 2026. The expansion in Singapore also further broadens our geographic diversification, enabling customers to strengthen their supply chain resilience. In February, our Board of Directors proposed a cash dividend of NT$2.85 per share, which is subject to approval from shareholders in the upcoming annual general meeting.' Co-president Wang added, 'Looking ahead to the second quarter, we are expecting a moderate rebound in demand across all segments according to near-term alignment with customers. Beyond that, we are cautious about wafer demand projections as policies and markets are still adjusting to the recent tariff announcements. To navigate this challenging environment, we are working closely with customers to monitor trends in end market demand. We are also strengthening our competitive advantages by focusing on execution of key technology projects, such as the 12nm collaboration with U.S. partner, and ensuring our customers have access to geographically diverse manufacturing options. In addition, we are implementing cost reduction plans and accelerating AI and intelligent manufacturing systems to enhance operational efficiency. Through these key focuses, we are confident that UMC can maintain our financial and business resilience.' Co-president Wang said, 'In the first quarter, UMC was honored to receive high ratings in two key sustainability benchmarks. In the Sustainability Yearbook 2025 published by S&P Global, UMC is the only semiconductor company globally to earn the 'Top 1%' ranking based on the company's Corporate Sustainability Assessment (CSA) score. UMC also stood out in the CDP's annual assessment as the sole semiconductor company to be awarded the highest 'A' rating in both Climate Change and Water Security categories.' Summary of Operating Results First quarter operating revenues declined 4.2% sequentially to NT$57.86 billion. Revenue contribution from 40nm and below technologies represented 53% of wafer revenue. Gross profit decreased 15.8% QoQ to NT$15.45 billion, or 26.7% of revenue. Operating expenses decreased 9.3% to NT$6.12 billion. Net other operating income increased 27.6% to NT$0.46 billion. Net non-operating expenses totaled NT$0.44 billion. Net income attributable to shareholders of the parent amounted to NT$7.78 billion. Earnings per ordinary share for the quarter was NT$0.62. Earnings per ADS was US$0.093. The basic weighted average number of shares outstanding in 1Q25 was 12,484,780,989, compared with 12,481,192,676 shares in 4Q24 and 12,414,087,724 shares in 1Q24. The diluted weighted average number of shares outstanding was 12,579,207,466 in 1Q25, compared with 12,610,756,874 shares in 4Q24 and 12,577,525,057 shares in 1Q24. The fully diluted shares counted on March 31, 2025 were approximately 12,579,207,000. Detailed Financials Section Operating revenues decreased to NT$57.86 billion. COGS grew 0.9% to NT$42.41 billion, which included a 4.1% sequential increase in depreciation. Gross profit decreased 15.8% QoQ to NT$15.45 billion. Operating expenses decreased to NT$6.12 billion, as G&A declined 13.9% QoQ to NT$1.54 billion, R&D declined 8.5% to NT$3.96 billion, and Sales & Marketing also declined 0.7% to NT$0.62 billion. Net other operating income was NT$0.46 billion. In 1Q25, operating income declined 18.2% QoQ to NT$9.79 billion. Net non-operating expenses in 1Q25 was NT$0.44 billion, primarily reflecting the NT$0.77 billion in net investment loss, offset by the NT$0.22 billion in net interest income, and the NT$0.12 billion in exchange gain. Non-Operating Income and Expenses (Amount: NT$ million) 1Q25 4Q24 1Q24 Non-Operating Income and Expenses (439 ) (1,443 ) 1,056 Net Interest Income and Expenses 219 290 676 Net Investment Gain and Loss (769 ) (2,614 ) (324 ) Exchange Gain and Loss 115 877 697 Other Gain and Loss (5 ) 4 7 Note：Sums may not equal totals due to rounding. Expand In 1Q25, cash inflow from operating activities was NT$23.83 billion. Cash outflow from investing activities totaled NT$10.51 billion, which included NT$14.57 billion in capital expenditure, resulting in free cash flow of NT$9.26 billion. Cash outflow from financing was NT$13.78 billion, primarily from NT$13.02 billion in bank loans. Net cash flow in 1Q25 amounted to NT$1.35 billion. Over the next 12 months, the company expects to repay NT$5.62 billion in bank loans. Cash Flow Summary (Amount: NT$ million) For the 3-Month Period Ended Mar. 31, 2025 For the 3-Month Period Ended Dec. 31, 2024 Cash Flow from Operating Activities 23,826 32,977 Net income before tax 9,347 10,514 Depreciation & Amortization 14,128 13,463 Share of loss of associates and joint ventures 208 1,800 Income tax paid (585 ) (137 ) Changes in working capital & others 728 7,337 Cash Flow from Investing Activities (10,506 ) (16,968 ) Acquisition of PP&E (14,153 ) (18,275 ) Acquisition of intangible assets (329 ) (877 ) Others 3,976 2,184 Cash Flow from Financing Activities (13,776 ) (14,305 ) Bank loans (13,018 ) (10,495 ) Redemption of bonds - (3,400 ) Others (758 ) (410 ) Effect of Exchange Rate 1,810 (111 ) Net Cash Flow 1,354 1,593 Beginning balance 105,000 103,407 Ending balance 106,354 105,000 Note：Sums may not equal totals due to rounding. Expand Cash and cash equivalents increased to NT$106.35 billion. Days of inventory decreased 3 days to 77 days. Current Assets (Amount: NT$ billion) 1Q25 4Q24 1Q24 Cash and Cash Equivalents 106.35 105.00 119.43 Accounts Receivable 34.80 33.34 30.68 Days Sales Outstanding 54 51 50 Inventories, net 35.43 35.78 34.59 Days of Inventory 77 80 85 Total Current Assets 192.32 189.68 205.16 Expand Current liabilities decreased to NT$72.87 billion. Long-term credit/bonds decreased to NT$44.63 billion. Total liabilities decreased to NT$182.13 billion, leading to a debt to equity ratio of 47%. Liabilities (Amount: NT$ billion) 1Q25 4Q24 1Q24 Total Current Liabilities 72.87 75.26 88.40 Accounts Payable 9.27 7.63 7.46 Short-Term Credit / Bonds 17.63 19.51 25.60 Payables on Equipment 8.46 10.52 13.97 Other 37.51 37.60 41.37 Long-Term Credit / Bonds 44.63 55.53 43.45 Total Liabilities 182.13 192.02 188.85 Debt to Equity 47 % 51 % 50 % Expand Analysis of Revenue 2 Revenue from Asia Pacific increased to 66%, while business from North America was 22% of sales. Business from Europe decreased to 7%, while contribution from Japan was 5%. Revenue contribution from 22/28nm increased to 37% of wafer revenue, while 40nm contribution remained at 16% of sales. Revenue Breakdown by Geometry Geometry 1Q25 4Q24 3Q24 2Q24 1Q24 14nm and below 0 % 0 % 0 % 0 % 0 % 14nm<x<=28nm 37 % 34 % 35 % 33 % 33 % 28nm<x<=40nm 16 % 16 % 13 % 12 % 14 % 40nm<x<=65nm 16 % 16 % 15 % 15 % 18 % 65nm<x<=90nm 8 % 11 % 10 % 12 % 10 % 90nm<x<=0.13um 7 % 10 % 10 % 11 % 9 % 0.13um<x<=0.18um 10 % 9 % 11 % 10 % 11 % 0.18um<x<=0.35um 5 % 4 % 5 % 5 % 4 % 0.5um and above 1 % 0 % 1 % 2 % 1 % Expand Revenue from fabless customers accounted for 82% of revenue. Revenue Breakdown by Customer Type Customer Type 1Q25 4Q24 3Q24 2Q24 1Q24 Fabless 82 % 84 % 85 % 87 % 82 % IDM 18 % 16 % 15 % 13 % 18 % Expand Revenue from the communication segment accounted for 40%, while business from computer applications was 11% of sales. Business from consumer applications increased to 34%, while other segments was 15% of revenue. (1) Computer consists of ICs such as CPU, GPU, HDD controllers, DVD/CD-RW control ICs, PC chipset, audio codec, keyboard controller, monitor scaler, USB, I/O chipset, WLAN. Communication consists of handset components, broadband, bluetooth, Ethernet, LAN, DSP, etc. Consumer consists of ICs used for DVD players, DTV, STB, MP3/MP4, flash controller, game consoles, DSC, smart cards, toys, etc. Blended ASP Trend Blended average selling price (ASP) declined in 1Q25. (To view blended ASP trend, please click here for 1Q25 ASP) Shipment and Utilization Rate 3 Wafer shipments remained flat, accounting for 910K in the first quarter, while quarterly capacity was 1,264K. Overall utilization rate in 1Q25 slightly declined to 69%. Capacity 4 Total capacity in the first quarter decreased to 1,264K 12-inch equivalent wafers. Capacity will grow in the second quarter of 2025 to 1,290K 12-inch equivalent wafers. (1) One 6-inch wafer is converted into 0.25 (6 2 /12 2) 12-inch equivalent wafer; one 8-inch wafer is converted into 0.44 (8 2 /12 2) 12-inch equivalent wafers. Total capacity figures are expressed in 12-inch equivalent wafers. CAPEX CAPEX spending in 1Q25 totaled US$443 million. 2025 cash-based CAPEX budget will be US$1.8 billion. Second Quarter 2025 Outlook & Guidance Quarter-over-Quarter Guidance: Wafer Shipments: Will increase by 5-7% ASP in USD: Will remain flat Gross Profit Margin: Will be approximately 30% Capacity Utilization: mid-70% range 2025 CAPEX: US$1.8 billion Recent Developments / Announcements Jan. 14, 2025 UMC's Flagship Fab Designated One of 189 Smart Manufacturing Lighthouses by the World Economic Forum Apr. 01, 2025 Expand Please visit UMC's website for further details regarding the above announcements Conference Call / Webcast Announcement Wednesday, April 23, 2025 Time: 5:00 PM (Taipei) / 5:00 AM (New York) / 10:00 AM (London) A live webcast and replay of the 1Q25 results announcement will be available at under the 'Investors / Events' section. About UMC UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC's comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC's 12-in and 8-in fabs with its core R&D are in Taiwan, with additional ones throughout Asia. UMC has a total of 12 fabs in production with a combined capacity of more than 400,000 wafers per month (12-in equivalent), and all of them are certified with IATF 16949 automotive quality standards. UMC is headquartered in Hsinchu, Taiwan, plus local offices in the United States, Europe, China, Japan, Korea, and Singapore, with a worldwide total of 20,000 employees. For more information, please visit: Safe Harbor Statements This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding anticipated financial results for the first quarter of 2025; the expected wafer shipment and ASP; the anticipated annual budget; capex strategies; environmental protection goals and water management strategies; impact of foreign currency exchange rates; expected foundry capacities; the ability to obtain new business opportunities; and information under the heading 'Second Quarter 2025 Outlook and Guidance.' 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, but not limited to: (i) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic and political conditions; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, including natural disasters, terrorist activity, armed conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii) fluctuations in foreign currency exchange rates. Further information regarding these and other risk factors is included in UMC's filings with the United States Securities and Exchange Commission, including its Annual Report on Form 20-F. All information provided in this release is as of the date of this release and are based on assumptions that UMC believes to be reasonable as of this date, and UMC 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. The financial statements included in this release are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the ROC, which is different from International Financial Reporting Standards, or IFRSs, issued by the International Accounting Standards Board. Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs differ in certain significant respects from generally accepted accounting principles in the ROC and generally accepted accounting principles in the United States. - FINANCIAL TABLES TO FOLLOW - As of March 31, 2025 US$ NT$ % Assets Current assets Cash and cash equivalents 3,205 106,354 18.6 % Accounts receivable, net 1,049 34,801 6.1 % Inventories, net 1,068 35,425 6.2 % Other current assets 475 15,744 2.8 % Total current assets 5,796 192,323 33.6 % Non-current assets Funds and investments 2,152 71,407 12.5 % Property, plant and equipment 8,501 282,051 49.2 % Right-of-use assets 240 7,948 1.4 % Other non-current assets 580 19,233 3.4 % Total non-current assets 11,472 380,639 66.4 % Total assets 17,268 572,962 100.0 % Liabilities Current liabilities Short-term loans 196 6,500 1.1 % Payables 1,327 44,018 7.7 % Current portion of long-term liabilities 336 11,132 1.9 % Other current liabilities 338 11,224 2.0 % Total current liabilities 2,196 72,873 12.7 % Non-current liabilities Bonds payable 741 24,586 4.3 % Long-term loans 604 20,041 3.5 % Lease liabilities, noncurrent 172 5,700 1.0 % Other non-current liabilities 1,776 58,933 10.3 % Total non-current liabilities 3,293 109,260 19.1 % Total liabilities 5,489 182,134 31.8 % Equity Equity attributable to the parent company Capital 3,785 125,584 21.9 % Additional paid-in capital 452 14,995 2.6 % Retained earnings and other components of equity 7,535 250,026 43.6 % Total equity attributable to the parent company 11,772 390,605 68.2 % Non-controlling interests 7 224 0.0 % Total equity 11,779 390,829 68.2 % Total liabilities and equity 17,268 572,962 100.0 % Notes: (1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2025 exchange rate of NT $33.18 per U.S. Dollar. (2) Sums may not equal totals due to rounding. Expand UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) Except Per Share and Per ADS Data Year over Year Comparison Quarter over Quarter Comparison Three-Month Period Ended Three-Month Period Ended March 31, 2025 March 31, 2024 Chg. March 31, 2025 December 31, 2024 Chg. US$ NT$ NT$ % US$ NT$ NT$ % Operating revenues 1,744 57,859 54,632 5.9 % 1,744 57,859 60,386 (4.2 %) Operating costs (1,278 ) (42,412 ) (37,733 ) 12.4 % (1,278 ) (42,412 ) (42,043 ) 0.9 % Gross profit 466 15,447 16,899 (8.6 %) 466 15,447 18,343 (15.8 %) 26.7 % 26.7 % 30.9 % 26.7 % 26.7 % 30.4 % Operating expenses - Sales and marketing expenses (19 ) (619 ) (684 ) (9.5 %) (19 ) (619 ) (623 ) (0.7 %) - General and administrative expenses (46 ) (1,542 ) (1,702 ) (9.4 %) (46 ) (1,542 ) (1,791 ) (13.9 %) - Research and development expenses (119 ) (3,964 ) (3,407 ) 16.3 % (119 ) (3,964 ) (4,334 ) (8.5 %) - Expected credit impairment gain 0 2 46 (94.7 %) 0 2 0 523.3 % Subtotal (185 ) (6,123 ) (5,747 ) 6.5 % (185 ) (6,123 ) (6,748 ) (9.3 %) Net other operating income and expenses 14 462 513 (9.9 %) 14 462 362 27.6 % Operating income 295 9,786 11,665 (16.1 %) 295 9,786 11,957 (18.2 %) 16.9 % 16.9 % 21.4 % 16.9 % 16.9 % 19.8 % Net non-operating income and expenses (13 ) (439 ) 1,056 - (13 ) (439 ) (1,443 ) (69.5 %) Income from continuing operations before income tax 282 9,347 12,721 (26.5 %) 282 9,347 10,514 (11.1 %) 16.2 % 16.2 % 23.3 % 16.2 % 16.2 % 17.4 % Income tax expense (48 ) (1,603 ) (2,291 ) (30.0 %) (48 ) (1,603 ) (2,054 ) (22.0 %) Net income 233 7,743 10,430 (25.8 %) 233 7,743 8,460 (8.5 %) 13.4 % 13.4 % 19.1 % 13.4 % 13.4 % 14.0 % Other comprehensive income (loss) 135 4,489 7,954 (43.6 %) 135 4,489 1,270 253.4 % Total comprehensive income (loss) 369 12,232 18,384 (33.5 %) 369 12,232 9,730 25.7 % Net income attributable to: Shareholders of the parent 234 7,777 10,456 (25.6 %) 234 7,777 8,497 (8.5 %) Non-controlling interests (1 ) (34 ) (26 ) 26.2 % (1 ) (34 ) (37 ) (9.2 %) Comprehensive income (loss) attributable to: Shareholders of the parent 370 12,266 18,410 (33.4 %) 370 12,266 9,767 25.6 % Non-controlling interests (1 ) (33 ) (26 ) 26.3 % (1 ) (33 ) (37 ) (9.3 %) Earnings per share-basic 0.019 0.62 0.84 0.019 0.62 0.68 Earnings per ADS (2) 0.093 3.10 4.20 0.093 3.10 3.40 Weighted average number of shares outstanding (in millions) 12,485 12,414 12,485 12,481 Notes: (1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2025 exchange rate of NT $33.18 per U.S. Dollar. (2) 1 ADS equals 5 common shares. (3) Sums may not equal totals due to rounding. Expand For the Three-Month Period Ended For the Three-Month Period Ended March 31, 2025 March 31, 2025 US$ NT$ % US$ NT$ % Operating revenues 1,744 57,859 100.0 % 1,744 57,859 100.0 % Operating costs (1,278 ) (42,412 ) (73.3 %) (1,278 ) (42,412 ) (73.3 %) Gross profit 466 15,447 26.7 % 466 15,447 26.7 % Operating expenses - Sales and marketing expenses (19 ) (619 ) (1.1 %) (19 ) (619 ) (1.1 %) - General and administrative expenses (46 ) (1,542 ) (2.7 %) (46 ) (1,542 ) (2.7 %) - Research and development expenses (119 ) (3,964 ) (6.9 %) (119 ) (3,964 ) (6.9 %) - Expected credit impairment gain 0 2 0.0 % 0 2 0.0 % Subtotal (185 ) (6,123 ) (10.6 %) (185 ) (6,123 ) (10.6 %) Net other operating income and expenses 14 462 0.8 % 14 462 0.8 % Operating income 295 9,786 16.9 % 295 9,786 16.9 % Net non-operating income and expenses (13 ) (439 ) (0.8 %) (13 ) (439 ) (0.8 %) Income from continuing operations before income tax 282 9,347 16.2 % 282 9,347 16.2 % Income tax expense (48 ) (1,603 ) (2.8 %) (48 ) (1,603 ) (2.8 %) Net income 233 7,743 13.4 % 233 7,743 13.4 % Other comprehensive income (loss) 135 4,489 7.8 % 135 4,489 7.8 % Total comprehensive income (loss) 369 12,232 21.1 % 369 12,232 21.1 % Net income attributable to: Shareholders of the parent 234 7,777 13.4 % 234 7,777 13.4 % Non-controlling interests (1 ) (34 ) (0.1 %) (1 ) (34 ) (0.1 %) Comprehensive income (loss) attributable to: Shareholders of the parent 370 12,266 21.2 % 370 12,266 21.2 % Non-controlling interests (1 ) (33 ) (0.1 %) (1 ) (33 ) (0.1 %) Earnings per share-basic 0.019 0.62 0.019 0.62 Earnings per ADS (2) 0.093 3.10 0.093 3.10 Weighted average number of shares outstanding (in millions) 12,485 12,485 Notes: (1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2025 exchange rate of NT $33.18 per U.S. Dollar. (2) 1 ADS equals 5 common shares. (3) Sums may not equal totals due to rounding. Expand UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES Consolidated Condensed Statement of Cash Flows For The Three-Month Period Ended March 31, 2025 Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) US$ NT$ Cash flows from operating activities : Net income before tax 282 9,347 Depreciation & Amortization 426 14,128 Share of loss of associates and joint ventures 6 208 Income tax paid (18 ) (585 ) Changes in working capital & others 22 728 Net cash provided by operating activities 718 23,826 Cash flows from investing activities : Acquisition of property, plant and equipment (427 ) (14,153 ) Acquisition of intangible assets (10 ) (329 ) Others 120 3,976 Net cash used in investing activities (317 ) (10,506 ) Cash flows from financing activities : Decrease in short-term loans (61 ) (2,015 ) Proceeds from long-term loans 39 1,300 Repayments of long-term loans (371 ) (12,303 ) Others (23 ) (758 ) Net cash used in financing activities (415 ) (13,776 ) Effect of exchange rate changes on cash and cash equivalents 55 1,810 Net increase in cash and cash equivalents 41 1,354 Cash and cash equivalents at beginning of period 3,165 105,000 Cash and cash equivalents at end of period 3,205 106,354 Notes: (1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2025 exchange rate of NT $33.18 per U.S. Dollar. (2) Sums may not equal totals due to rounding. Expand 1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with TIFRSs recognized by Financial Supervisory Commission in the ROC, which is different from IFRSs issued by the International Accounting Standards Board. They represent comparisons among the three-month period ending March 31, 2025, the three-month period ending December 31, 2024, and the equivalent three-month period that ended March 31, 2024. For all 1Q25 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. Dollars at the March 31, 2025 exchange rate of NT$ 33.18 per U.S. Dollar. 2 Revenue in this section represents wafer sales 3 Utilization Rate = Quarterly Wafer Out / Quarterly Capacity 4 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.

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