Who are United Micro Electronics's main competitors?

Named competitors: GlobalFoundries (GFS), TSMC (2330.TW), SMIC (0981.HK), Vanguard International Semiconductor (5347.TWO). The cockpit's measured peer set (industry) also includes Nanya Technology (2408.TW), Astera Labs (ALAB), STMicroelectronics (STMPA.PA), Coherent (COHR), Microchip Technology (MCHP), MetaX Integrated Circuits (Shanghai) (688802.SS).

How has United Micro Electronics stock performed?

Over six months to 6 Nov 2026 the shares returned +10.7% against -22.9% for the median peer; over one year +102.4%.

← CockpitCompetitor Analysis › 2303.TW United Micro ElectronicsOpen in the cockpit ↗

United Micro Electronics2303.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Semiconductors

World's third/fourth-largest pure-play semiconductor foundry, focused on mature and specialty process nodes.

≈ Taiwan's GlobalFoundriesMomentum weak 36

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$34.9B

US dollars, full cap

Free float

93%

of shares outstanding

$/day

$540M

20-day average traded

Fwd P/E

13.7×

forward earnings

ROIC−WACC

+0.3 pp

WACC 10.7%

Hurdle

+8 pp

Req g minus delivered

Next earnings

81 days

26 Jan 2027

Close · TWDNT$92.00

1D-6.5%

1W-17.5%

1M-39.7%

3M-22.4%

6M+10.7%

YTD+86.8%

1Y+102.4%

ATR %7.6%

52w lowhigh50.4% off high

What United Micro Electronics does

World's third/fourth-largest pure-play semiconductor foundry, focused on mature and specialty process nodes.

Charges customers per silicon wafer processed on older, cheaper manufacturing processes that suit cars, displays and power chips, so how full its plants are matters most. Fabs sit in Taiwan, Singapore, Japan and China. In 2024 it announced a joint process-development effort with Intel.

In one line: Taiwan's GlobalFoundries.

Products and services

Mature-node logic foundry (28nm and above)
Specialty process (RF, display driver, power)
Foundry JV capacity

Customers

Fabless chip designers needing mature-node capacit
Automotive/industrial chip customers
Display-driver and power-IC customers

Where it sits in the supply chain

Semiconductors
Foundry manufacturing
Mature/specialty-node wafer fabrication

What could go right

Mature-node demand (auto, industrial, IoT)
Specialty process share gains

What could go wrong

Pricing competition from Chinese foundries
Mature-node cyclicality

Moat: narrow (scale, process know-how, customer qualification). Scale and long-running processes in mature nodes create sticky, qualified customer relationships.

Headquarters: Hsinchu, Taiwan · Founded: 1980

Named competitors

GlobalFoundries GFS
TSMC 2330.TW
SMIC 0981.HK
Vanguard International Semiconductor 5347.TWO

United Micro Electronics at a glance

Size United Micro Electronics (2303.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $34.9B, the 15th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$92.00 on 6 Nov 2026.

Performance Over six months the shares gained 10.7%, against -22.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 20 in its peer set.

Growth Revenue grew 12.6% over the last twelve months (peer median +24.4%); the operating margin is 20.6% (peer median 16.2%).

Valuation It trades at 13.7× forward earnings against a peer median of 28.1× (5th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 0.3 points above its cost of capital (10.7% WACC).

Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: United Micro Electronics against the median of its 20 peers (local-currency closes).

United Micro Electronics financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$266B	NT$238B	NT$232B	NT$223B	NT$279B
Revenue growth	—	+2%	+4%	-20%	—
Gross profit	NT$79.4B	NT$64.4B	NT$72.4B	NT$74.8B	NT$123B
EBITDA	NT$119B	NT$101B	NT$98.3B	NT$94.2B	NT$143B
Net income	NT$83.6B	NT$40.4B	NT$48.8B	NT$61.0B	NT$87.2B
Free cash flow	NT$70.5B	NT$52.2B	NT$5.87B	-NT$5.47B	NT$65.9B
Capital expenditure	NT$50.3B	NT$50.8B	NT$91.4B	NT$94.1B	NT$83.0B
Total debt	NT$79.6B	NT$79.0B	NT$81.5B	NT$80.2B	NT$53.2B

Quarterly statements and history in the cockpit →

United Micro Electronics competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. United Micro Electronics is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. United Micro Electronics is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. United Micro Electronics is the large dot.

United Micro Electronics competitors and peer comparison

Head to head with its named competitors (2303.TW vs GFS vs 2330.TW vs 0981.HK)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
United Micro Electronics 2303.TW	$34.9B	+11%	+13%	21%	13.7×	14.2%
GlobalFoundries GFS	$21.2B	-48%	+1%	12%	16.2×	24.9%
Taiwan Semiconductor Manufactur 2330.TW	$1.67T	-5%	+36%	58%	15.0×	10.1%
SMIC 0981.HK	$76.7B	-41%	+20%	9%	32.9×	n/a
Vanguard International Semiconductor 5347.TWO	$6.82B	-22%	+10%	17%	17.7×	n/a

How United Micro Electronics compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

United Micro Electronics against its 20 peers (data as of 6 Nov 2026)
Measure	2303.TW	Peer median	Rank in peer set
1-month return	-39.7%	-22.2%	3rd lowest of 21
6-month return	+10.7%	-22.9%	5th highest of 20
Distance from 52-week high	-50.4%	-53.1%	9th highest of 21
Revenue growth (TTM)	+12.6%	+24.4%	6th lowest of 20
Operating margin	20.6%	16.2%	8th highest of 18
Forward P/E	13.7×	28.1×	5th cheapest of 19
Growth the price implies (Req g, 7 yrs)	14.2%	29.5%	4th least demanding of 13
Growth delivered (Del g)	+6.1%	+10.4%	5th lowest of 13
Hurdle (Req g minus delivered)	+8.1 pp	+13.9 pp	6th least demanding of 13
ROIC minus cost of capital	+0.3 pp	-1.6 pp	8th highest of 18
EV / EBITDA	9.1×	18.7×	3rd cheapest of 11
Net debt / EBITDA	-0.6×	-0.5×	5th least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
United Micro Electronics 2303.TW	Taiwan	$34.9B	+11%	+13%	21%	13.7×	14.2%	+6.1%
Nanya Technology 2408.TW	Taiwan	$35.8B	+34%	+586%	71%	2.9×	0.6%	+1.8%
Astera Labs ALAB	United States	$33.1B	-5%	+115%	26%	28.0×	n/a	n/a
STMicroelectronics STMPA.PA	France	$37.7B	-32%	+10%	7%	31.4×	34.0%	+3.1%
Coherent COHR	United States	$38.0B	-42%	+23%	14%	16.6×	n/a	n/a
Microchip Technology MCHP	United States	$31.7B	-41%	+21%	16%	14.5×	34.2%	-2.8%
MetaX Integrated Circuits (Shanghai) 688802.SS	China	$29.5B	-35%	+84%	n/a	469.5×	n/a	n/a
Renesas Electronics 6723.T	Japan	$27.9B	-23%	+26%	24%	9.9×	12.2%	+13.0%
SamsungElecMech 009150.KS	South Korea	$47.2B	+5%	+22%	12%	38.7×	42.8%	+7.9%
Hua Hong Grace Semiconductor 688347.SS	China	$25.5B	+23%	+18%	-2%	234.7×	n/a	n/a
Montage Technology 688008.SS	China	$25.5B	-13%	+33%	42%	43.7×	39.7%	+24.5%
Giga Device Semiconductor 603986.SS	China	$25.3B	-23%	+166%	50%	10.9×	16.5%	+15.4%
Global Unichip 3443.TW	Taiwan	$25.1B	+29%	+104%	13%	50.1×	n/a	n/a
Moore Threads Technology 688795.SS	China	$25.1B	-53%	+226%	-9%	n/a	n/a	n/a
ON Semiconductor ON	United States	$24.6B	-39%	+3%	19%	14.3×	20.0%	+2.7%
Shanghai Enflame Technology 688801.SS	China	$23.8B	n/a	n/a	n/a	n/a	n/a	n/a
SJ Semiconductor 688820.SS	China	$22.9B	-21%	+1%	n/a	136.4×	n/a	n/a
Piotech 688072.SS	China	$21.7B	+23%	+24%	14%	55.5×	43.5%	+71.7%
First Solar FSLR	United States	$21.6B	-9%	-1%	39%	9.2×	12.4%	+14.0%
GlobalFoundries GFS	United States	$21.2B	-48%	+1%	12%	16.2×	24.9%	+7.0%
Monolithic Power Systems MPWR	United States	$58.1B	-26%	+40%	30%	28.3×	39.6%	+27.0%

Questions

Who are United Micro Electronics's main competitors?: Named competitors: GlobalFoundries (GFS), TSMC (2330.TW), SMIC (0981.HK), Vanguard International Semiconductor (5347.TWO). The cockpit's measured peer set (industry) also includes Nanya Technology (2408.TW), Astera Labs (ALAB), STMicroelectronics (STMPA.PA), Coherent (COHR), Microchip Technology (MCHP), MetaX Integrated Circuits (Shanghai) (688802.SS).
Is United Micro Electronics expensive compared with its peers?: On forward p/e it trades at 13.7× against a peer median of 28.1×, 5th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has United Micro Electronics stock performed?: Over six months to 6 Nov 2026 the shares returned +10.7% against -22.9% for the median peer; over one year +102.4%.