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United Microelectronics (UMC)



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Upturn Advisory Summary
08/14/2025: UMC (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $7.05
1 Year Target Price $7.05
1 | Strong Buy |
0 | Buy |
3 | Hold |
2 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -34.47% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 17.30B USD | Price to earnings Ratio 12.3 | 1Y Target Price 7.05 |
Price to earnings Ratio 12.3 | 1Y Target Price 7.05 | ||
Volume (30-day avg) 6 | Beta 1.03 | 52 Weeks Range 5.28 - 8.43 | Updated Date 08/15/2025 |
52 Weeks Range 5.28 - 8.43 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 7.01% | Basic EPS (TTM) 0.56 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-29 | When Before Market | Estimate 0.136 | Actual 0.1196 |
Profitability
Profit Margin 16.7% | Operating Margin (TTM) 18.41% |
Management Effectiveness
Return on Assets (TTM) 5.13% | Return on Equity (TTM) 11.4% |
Valuation
Trailing PE 12.3 | Forward PE 12.09 | Enterprise Value 15266958985 | Price to Sales(TTM) 0.07 |
Enterprise Value 15266958985 | Price to Sales(TTM) 0.07 | ||
Enterprise Value to Revenue 1.93 | Enterprise Value to EBITDA 4.41 | Shares Outstanding 2511269888 | Shares Floating 11681651530 |
Shares Outstanding 2511269888 | Shares Floating 11681651530 | ||
Percent Insiders - | Percent Institutions 6.45 |
Upturn AI SWOT
United Microelectronics

Company Overview
History and Background
United Microelectronics Corporation (UMC) was founded in 1980 in Taiwan as Taiwan's first semiconductor company. Initially spun off from the Industrial Technology Research Institute (ITRI), UMC pioneered the pure-play foundry model, focusing solely on manufacturing chips designed by others. Over the years, UMC has grown into a leading global foundry, expanding its technology offerings and manufacturing capacity.
Core Business Areas
- Semiconductor Manufacturing: UMC's core business is providing semiconductor manufacturing services. This includes producing chips based on customer designs using various process technologies (e.g., 28nm, 40nm, 65nm) on 8-inch and 12-inch wafers.
Leadership and Structure
UMC is led by a board of directors and a management team. The company has a hierarchical organizational structure with various business units focused on technology development, manufacturing operations, sales, and marketing.
Top Products and Market Share
Key Offerings
- 28nm Technology: UMC's 28nm process technology is a key offering, used in various applications, including smartphones, consumer electronics, and automotive. Market share data is proprietary but estimated to be significant within the foundry market for this node. Competitors include TSMC, Samsung Foundry, and GlobalFoundries.
- 40nm Technology: UMC's 40nm process technology is another important offering, catering to applications where cost and power efficiency are crucial. Market share is smaller than 28nm but still significant. Competitors include TSMC, Samsung Foundry, and GlobalFoundries.
Market Dynamics
Industry Overview
The semiconductor foundry industry is characterized by high capital expenditure, rapid technological advancements, and intense competition. Demand is driven by the growing need for chips in various sectors, including consumer electronics, automotive, industrial, and communication.
Positioning
UMC is positioned as a leading pure-play foundry, offering a range of process technologies and manufacturing services. Its competitive advantage lies in its established manufacturing capabilities, customer relationships, and cost-effectiveness.
Total Addressable Market (TAM)
The global semiconductor foundry market is expected to reach hundreds of billions of dollars. UMC is positioned to capture a significant portion of this market by focusing on specific process technologies and applications.
Upturn SWOT Analysis
Strengths
- Established manufacturing capabilities
- Strong customer relationships
- Cost-effective solutions
- Pure-play foundry model
Weaknesses
- Smaller scale compared to TSMC
- Limited advanced process technology compared to TSMC and Samsung
- Geographic concentration in Asia
Opportunities
- Growing demand for chips in various sectors
- Expanding into new markets
- Developing new process technologies
- Benefiting from government incentives
Threats
- Intense competition
- Technological disruptions
- Economic downturns
- Geopolitical risks
Competitors and Market Share
Key Competitors
- TSM
- GF
- SMCI
Competitive Landscape
UMC is smaller compared to TSM but holds its own in the mature process technology market. GF also is smaller but has focused strategies in place for the automotive market. All face competition from Samsung.
Major Acquisitions
Mie Fujitsu Semiconductor Limited (MIFS)
- Year: 2019
- Acquisition Price (USD millions):
- Strategic Rationale: Expanding capacity and strengthening 300mm manufacturing capabilities.
Growth Trajectory and Initiatives
Historical Growth: UMC has experienced growth over the years, driven by increasing demand for its manufacturing services.
Future Projections: Analyst estimates project continued growth for UMC, driven by demand in areas like 5G, AI, and automotive.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity, developing new process technologies, and strengthening customer relationships.
Summary
UMC is a solid player in the semiconductor foundry market, particularly known for its mature technology nodes. While smaller than TSMC, it has strong customer relationships and cost-effective solutions. Future success depends on adapting to technology advancements and expanding into growth markets. It must watch out for competition and geopolitical issues.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (e.g., 10-K, 10-Q)
- Industry Reports
- Analyst Estimates
- Company Website
- Press Releases
Disclaimers:
This analysis is based on available information and is subject to change. It is not financial advice. Market share data is approximate and may vary depending on the source. Financial metrics are generalized and need to be replaced with current data from UMC.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About United Microelectronics
Exchange NYSE | Headquaters - | ||
IPO Launch date 2000-09-19 | CEO - | ||
Sector Technology | Industry Semiconductors | Full time employees - | Website https://www.umc.com |
Full time employees - | Website https://www.umc.com |
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company manufactures and sells integrated circuits. It offers backend and design support services for mobile and wireless communications, IoT and wearables, computing and data processing, and automotive markets. The company also provides venture capital and marketing support; consulting and advisory; energy technical; solar engineering integrated design; research and development services; and insurance services. United Microelectronics Corporation was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.

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