United Microelectronics
ConvictionWeak
Pure-play wafer foundry: manufactures chips to fabless/IDM customer designs on a per-wafer basis; revenue driven by wafer shipments x ASP x utilization, with mix shift toward higher-value specialty processes (22/28nm HV, RFSOI, BCD, embedded flash).
Revenue
~US$7.5B FY2025NT$237.6BRev growth
+2.3% YoY reported NT$FY2025); +5.3% YoY on USD basis; +5.5% YoY Q1 2026Gross margin
29.0% FY202529.2% Q1 2026 (guiding ~30% Q2 2026Op margin
18.5% FY202519.8% Q4 2025Capex intensity
~20%2026 capex budget US$1.5B; 2025 US$1.6B on ~US$7.5B revenueMarket cap
~US$62BNYSE ADR ~US$61.6B, close ~2026-07-02The read
Where our coverage leans
Coverage leans bullish
Sign in free to read the bull & bear take — Pro unlocks the full dossier.
Members only
Full financial intelligence for United Microelectronics
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence