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UMC

United Microelectronics Corporation

UMC

United Microelectronics Corporation • NYSE
$7.46 ▲ 1.77% (+0.13)
Market Cap $18.61 B
52w High $8.33
52w Low $5.61
Dividend Yield 0.48%
P/E 13.81
Volume 5.49M
Outstanding Shares 2.49B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $59.127B ▲ $6.506B ▲ $14.982B ▲ 25.339% ▲ $6 ▲ $30.072B ▲
Q2-2025 $58.758B ▲ $6.058B ▲ $8.903B ▲ 15.151% ▲ $3.55 ▲ $24.984B ▲
Q1-2025 $57.859B ▼ $5.661B ▼ $7.777B ▼ 13.441% ▼ $3.1 ▼ $23.861B ▼
Q4-2024 $60.386B ▼ $6.386B ▲ $8.497B ▼ 14.07% ▼ $3.4 ▼ $24.784B ▼
Q3-2024 $60.485B $6.329B $14.472B 23.927% $5.8 $28.877B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $119.04B ▼ $555.395B ▲ $194.195B ▼ $361.06B ▲
Q2-2025 $123.646B ▲ $548.144B ▼ $211.098B ▲ $336.871B ▼
Q1-2025 $116.869B ▲ $572.962B ▲ $182.134B ▼ $390.605B ▲
Q4-2024 $115.239B ▲ $560.169B ▼ $194.462B ▼ $365.45B ▼
Q3-2024 $114.426B $574.292B $205.802B $368.204B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.644B ▲ $20.938B ▼ $-16.152B ▼ $-15.16B ▼ $-7.776B ▼ $8.767B ▼
Q2-2025 $8.903B ▼ $22.098B ▼ $-9.438B ▲ $1.149B ▲ $5.64B ▲ $14.555B ▲
Q1-2025 $9.347B ▲ $23.826B ▼ $-10.506B ▲ $-13.776B ▲ $1.354B ▼ $9.344B ▼
Q4-2024 $8.497B ▼ $32.977B ▲ $-16.968B ▲ $-14.305B ▼ $1.593B ▲ $13.825B ▲
Q3-2024 $16.564B $17.347B $-23.927B $-12.75B $-18.257B $-4.88B

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the last five years, but it clearly peaked a couple of years ago and has since cooled, reflecting the broader semiconductor downcycle. Profitability followed the same pattern: margins expanded sharply during the boom, then compressed as demand and pricing normalized. Even so, the company remains comfortably profitable, with earnings well above pre-boom levels, showing that its core business has become structurally stronger even if recent results are off the highs.

Balance Sheet

Balance Sheet The balance sheet looks solid and gradually stronger over time. Total assets and shareholder equity have steadily increased, suggesting ongoing reinvestment and retained profits. Cash levels, while lower than at the recent peak, still comfortably exceed debt, indicating a net cash position and good financial flexibility. Overall leverage remains moderate, giving the company room to navigate industry cycles and fund future projects without appearing overstretched.

Cash Flow

Cash Flow Operating cash flow is robust and has improved versus earlier years, although it also peaked during the industry upcycle and has since normalized. The main story in cash flow is heavy investment: capital spending has risen substantially, which has at times pushed free cash flow close to zero or slightly negative. This points to a deliberate strategy of building and upgrading capacity, particularly at key technology nodes, while still keeping the day‑to‑day cash generation of the business healthy.

Competitive Edge

Competitive Edge UMC has carved out a clear niche by focusing on mature and specialty manufacturing technologies instead of racing for the most advanced chips. This gives it steadier demand from areas like automotive, industrial, power management, connectivity, and displays, where long product lifecycles and qualification requirements create some stickiness. Its global footprint across several Asian countries helps diversify geopolitical and supply‑chain risk, and long-standing relationships with major chip designers support utilization. The main competitive challenges come from other specialty and mature-node foundries, ongoing pricing pressure, and the possibility that customers shift volumes if capacity becomes abundant industry‑wide.

Innovation and R&D

Innovation and R&D Innovation is concentrated in specialty processes and packaging rather than ultra‑leading‑edge nodes. UMC has built depth in technologies such as power management, high‑voltage display drivers, radio‑frequency chips for 5G and Wi‑Fi, image sensors, and MEMS sensors, and it is pushing into 2.5D and 3D packaging to combine multiple functions in compact modules. The planned collaboration with Intel on a more advanced 12‑nanometer platform and expansion of 22/28‑nanometer capacity show a selective move up the technology stack without abandoning its core niche. Execution on these projects, and continued refinement of its specialty platforms, will be important to sustain differentiation and returns on its elevated investment levels.

Summary

UMC today looks like a mature, profitable foundry that has deliberately chosen specialization over chasing the most advanced chips. Financially, it moved through a classic semiconductor cycle: strong surge in revenue and margins, followed by normalization, but with profits and cash flows still noticeably better than several years ago. The balance sheet is clean, with net cash and growing equity, and cash generation remains solid despite heavy capital spending. Strategically, its focus on automotive, industrial, connectivity, and other specialty applications—combined with geographic diversification and strong customer ties—gives it a defensible competitive position. Future performance will hinge on how well it monetizes its recent capacity investments and partnerships, and how effectively it navigates industry cycles, pricing pressure, and geopolitical risks in the global chip supply chain.

NEWS

November 12, 2025 · 3:30 PM UTC

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November 6, 2025 · 3:00 AM UTC

UMC Reports Sales for October 2025

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October 29, 2025 · 9:15 AM UTC

UMC Reports Third Quarter 2025 Results

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October 22, 2025 · 8:01 AM UTC

UMC Introduces 55nm BCD Platform to Elevate Power Efficiency for Smartphones, Consumer Electronics, and Automotive Applications

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October 7, 2025 · 4:00 AM UTC

UMC Reports Sales for September 2025

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