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UMC First Foundry To Receive ISO 22301 BCM Certification

Stocks in this article: UMC

HSINCHU, Taiwan, April 12, 2013 /PRNewswire/ -- United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ("UMC"), a leading global semiconductor foundry, today announced that it has received ISO 22301 certification for its business continuity management (BCM) system from SGS (Societe Generale de Surveillance). Being the first foundry worldwide to achieve ISO 22301 certification underscores UMC's disaster response abilities and mechanisms for quick recovery. This international standard will also reassure UMC customers, insurance companies, and stakeholders regarding the strength of the company's risk management.

UMC started implementing business continuity plans for each fab (BCP) in 2000 to address external threats, with continual improvement through annual practice and audit. Over the years, UMC managed to provide continuous manufacturing services through incidents such as SARS and earthquakes. In 2012, based on ISO 22301 articles and consulted by Marsh Taiwan and Deloitte Taiwan, UMC further consolidated existing disaster prevention, response, and risk management capabilities, as well as established internal SOP. These efforts helped solidify UMC's business continuity strategy, inject resources, and maintain the highest possible operating level during disaster impact, further protecting customers and stakeholders' best interests.

P W Yen, CEO at UMC said, "We are pleased to receive ISO 22301 BCM certification, as it acknowledges our efforts in BCM and continuous customer service enhancement. No company likes to encounter either natural or man-made disasters. However, companies need to be best prepared for such incidents when they do happen. UMC's goal is to expand our long-term BCP practices in each fab to wider BCM activities that span across the entire company so we may further enhance our risk management ability. UMC headquarters and Fab 12A led the way for certification with our other fabs following in the near future. Going forward, we will refine efforts to implement impact reduction measures by promptly adjusting capacity accordingly to satisfy customer needs when unpredictable disruptions occur, thus minimizing impact to acceptable levels and maintaining corporate competitiveness.

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