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United Microelectronics Corporation

United Microelectronics Corporation

NYSE•UMC
CEO: Mr. Jia Cong Hung
Sector: Technology
Industry: Semiconductors
Listing Date: 2000-09-19
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers. United Microelectronics Corporation was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.
Contact Information
Hsinchu Science Park, No. 3 Li-Hsin 2nd Road, Hsinchu City, 300094, Taiwan
886-3-578-2258
www.umc.com
Market Cap
$21.60B
P/E (TTM)
16.1
33.7
Dividend Yield
5.3%
52W High
$9.11
52W Low
$5.61
52W Range
87%
Rank21Top 7.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$59.13B-2.25%
4-Quarter Trend

EPS

$6.00+3.45%
4-Quarter Trend

FCF

$8.77B-279.63%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Increased Despite Price Drop Operating revenues reached US$7.08B, up 4.4%, partially offset by a 5.0% decline in average selling price.
Net Income Declined 18.3% Net income attributable to parent decreased 18.3% to US$1.49B in 2024, reflecting margin compression.
Increased R&D Investment R&D expenses rose 17.6% to US$476M, increasing R&D spend ratio to 6.7% of operating revenues.
Intel 12nm Collaboration Progress Joint 12nm semiconductor process platform development with Intel is progressing, targeting production commencement in 2027.

Risk Factors

Industry Cyclicality and Overcapacity Semiconductor industry downturn resulted in lower utilization rates, averaging 68.7% for the fiscal year 2024.
Customer Concentration Risk Top ten customers accounted for 55.6% of 2024 operating revenues, exposing the company to significant concentration risk.
Geopolitical Trade Tensions Rising political conflicts between US and China, including tariff escalations, may adversely impact global business environment.
Technology Adoption Delays Inability to rapidly adopt new process technologies competitively risks losing customers and eroding profit margins.

Outlook

Singapore Fab Expansion Timeline Greenfield 28nm/22nm fab in Singapore is expected to commence production ramp in January 2026.
Focus on Customer-Driven Foundry Strategy emphasizes operating as a customer-driven foundry, leveraging advanced process technologies and IP portfolio.
Renewable Energy Transition Secured 30-year CPPA for offshore wind power, supporting the goal of 100% renewable energy use by 2050.
Capital Expenditure Planning Future capital expansion plans will focus on 12-inch wafer facilities to maintain technology leadership and scale.

Peer Comparison

Revenue (TTM)

United Microelectronics CorporationUMC
$236.13B
+4.1%
CDW CorporationCDW
$22.10B
+6.1%
CGI Inc.GIB
$11.36B
+8.3%

Gross Margin (Latest Quarter)

F5, Inc.FFIV
82.2%
+1.5pp
Gartner, Inc.IT
68.9%
+0.9pp
Trimble Inc.TRMB
65.9%
+0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TER$36.83B80.315.9%6.8%
ON$24.30B74.93.9%27.9%
GFS$22.63B-511.0-0.4%10.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.7%
Flat Growth
4Q Net Income CAGR
20.8%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 20, 2026
|
EPS:$0.12
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 24, 2025|
    Revenue: $7.25B+4.4%
    |
    EPS: $0.59-21.3%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 25, 2024|
    Revenue: $7.16B-20.2%
    |
    EPS: $0.78-31.9%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 27, 2023|
    Revenue: $9.38B+30.8%
    |
    EPS: $1.19+55.1%
    Meet

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 28, 2022|
    Revenue: $7.65B+20.5%
    |
    EPS: $0.82+88.8%
    Beat

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 29, 2021|
    Revenue: $6.03B+19.3%
    |
    EPS: $0.41+240.8%
    Beat