Company Profile · Technology

United Microelectronics Corporation

2303 · Taiwan
Industry
Semiconductors
Exchange
Taiwan
Country
Taiwan
IPO date
Sep 19, 2000
Employees
20,000
Website
www.umc.com
Current Price
145.5
Live · Jun 18, 2026
Fair Buy
≤ 88
Margin-of-safety entry
Baillie Growth Score
43/100
Weak
Intrinsic Value · Three-Tier Range Current price 145.5 Live · Above the optimistic ceiling · future growth overdrawn

Composite valuation range · conservative 80–88 / fair 96–112 / optimistic 124–138. At 145.5, Above the optimistic ceiling · future growth overdrawn.

At publication 133.5 (Jun 14, 2026)

Research on this stock
United Microelectronics Corporation
2303 · Taiwan
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United Microelectronics Corporation UMC Deep-Dive Research

United Microelectronics Corporation is one of Taiwan's two leading foundries, focused on mature and specialty processes such as 22/28nm. Q1 2026 revenue was NT$61.04 billion with a 29.2% gross margin, but the year-on-year EPS doubling was amplified mainly by non-operating income, while the current price implies 3.87x P/B and roughly 31x adjusted P/E, neither of which is cheap. Research rating Watch: the cyclical recovery is real, but the current price has already discounted most of the optimistic case.

Semiconductors Baillie 43 Jun 14, 2026
About the company

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. It manufactures and sells integrated circuits. The company offers circuit design; mask tooling; wafer fabrication; and assembly and testing services for communication devices, consumer electronics, computer, and other applications. It also provides venture capital and marketing support; consulting and planning; 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.

Financial snapshot
Market capNT$1.67T
Revenue (TTM)NT$240.73B
EBITDANT$104.01B
Profit margin20.82%
ROE12.52%
P/E (TTM)33.88
Forward P/E28.01
PEG1.57
EPSNT$3.94
Dividend yield2.08%
52-week rangeNT$40.10 – NT$155.50

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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