Company Analysis

United Microelectronic Corp. (UMC)

NYSE: UMC · Semiconductors & Related Devices · Taipei, TW · filing with the SEC since 1997
Grade5.7
◀ Past 6.3● Present 6.2▶ Future 4.6
1 est.

The grade of United Microelectronic Corp.

Nine metrics read from its own filings, by tense
Headline grade
5.7/10
◀ Past6.330% of the headline
● Present6.240% of the headline
▶ Future4.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.3/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 76th percentile among 99 sector filers · read for itself

From the record

United Microelectronic Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.6/10

What has it actually done, year after year?

+5.4% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 66th percentile among 93 sector filers · read for its customers

From the record

United Microelectronic Corp.'s 10 filed years say what it did: revenue went from TWD 145 billion in fiscal 2015 to TWD 232 billion in fiscal 2024, up 5.4% a year; it rose in 7 of 9 years; the deepest fall was 20% from fiscal 2022 to fiscal 2023; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.4%bottom 41% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profittop 13% of its family
  • the deepest fall from a revenue peak20.2%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.7/10

How has it treated the people who own it?

Share count grew 0.3% a year. 0% of cash flow returned. Insiders: 5 sales, 0 purchases.

weight 22% of this tense · 37th percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2024-12-31, United Microelectronic Corp.'s diluted share count grew about 0.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 41% of its family
  • cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.7/10

Is it financially healthy right now?

ROE 13%: 13¢ of profit per shareholder dollar. Leverage 35%: owes 35¢ per asset dollar.

weight 33% of this tense · 57th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, United Microelectronic Corp. earned about 13 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 14 cents per dollar of everything the company owns. Leverage: it owed about 35 cents per dollar of assets, and net share issuance: its share count shrank 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 50% of its family
  • return on equitytop 29% of its family
  • gross profit against assetsbottom 32% of its family
  • the share count against the year beforetop 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.0/10

How strong is its position in its industry?

top 30% of 97 in its family; net margin 21%.

weight 45% of this tense · 70th percentile among 97 sector filers · read for its customers

From the record

United Microelectronic Corp.'s standing among 97 graded names in its industry family: revenue of TWD 232 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 21% ranks in the top 18%; revenue growth of 2.9% a year over the last 3 filed years ranks in the top 43% (its annual reports).

What it rests on

  • net margin21.0%top 18% of its family
  • three-year revenue growth2.9%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.4/10

What are the people in charge doing?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 78 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: United Microelectronic Corp.'s leadership is put at 5.4 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.2/10

How much room does it have to grow?

bottom 42% of 94 in its family for room to expand.

weight 22% of this tense · 42nd percentile among 94 sector filers · read for itself

From the record

United Microelectronic Corp.'s room to grow, from the newest filed statements (fiscal 2024): cash of TWD 105 billion against no long-term debt tagged leaves 18.7% of its assets as net cash, top 32% of its family; cash from operations less capital spending is 2.3% of revenue (bottom 44%); a gross margin of 32.6% (bottom 35%); research spending of 6.7% of revenue (bottom 21%) (its annual report).

What it rests on

  • cash less debt against assets18.7%top 32% of its family
  • cash from operations less capital spending against revenue2.3%bottom 44% of its family
  • gross margin32.6%bottom 35% of its family
  • research spending against revenue6.7%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.6/10

What could actually drive growth from here?

top 44% of 93 in its family for growth drivers.

weight 45% of this tense · 56th percentile among 93 sector filers · read for its customers

From the record

United Microelectronic Corp.'s growth drivers, from the filed years to fiscal 2024: revenue grew 2.9% a year over the last three filed years against 5.4% over all 10, slowing (top 37% of its family); the newest year grew 4.4% (bottom 36%); research spending grew 6.5% a year (top 48%); capital spending grew 22.6% a year (top 26%) (its annual reports). United Microelectronic Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-2.5 points a yeartop 37% of its family
  • the newest year's revenue growth4.4%bottom 36% of its family
  • three-year growth of research spending6.5%top 48% of its family
  • three-year growth of capital spending22.6%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.4/10

Did its newest year beat what its own record pointed to?

bottom 34% of 88 in its family for expectations against reality.

weight 33% of this tense · 34th percentile among 88 sector filers · read for its shareholders

From the record

United Microelectronic Corp.'s newest year against its own record: revenue of TWD 232 billion in fiscal 2024 came in 2.1% above the TWD 227 billion its prior three years' pace pointed to (bottom 31% of its family); net income of TWD 49 billion against a prior three-year average of TWD 67 billion (bottom 39%); a net margin of 21% against 27.7% before (bottom 31%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace2.1%bottom 31% of its family
  • net income against the prior three years' average-27%bottom 39% of its family
  • net margin against its prior average-6.8 pointsbottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton UMC · research, not advice