TAIPEI (Reuters) - Taiwan's UMC, the world's No.2 contract chipmaker, reported its net profit in the fourth quarter was T$1.17 billion ($40.4 million), up 20 percent on the period a year ago, according to a statement on Wednesday.

For details of the release, please see http://www.umc.com/English/pdf/UMC12Q4_report.pdf

(Reporting by Faith Hung; Editing by Richard Pullin)