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UMC $6.53

UMC target price
6.53
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United Microelectronics Corporation
聯華電子
Type
Public (TWSE: 2303, NYSE: UMC)
Industry Semiconductor Foundry
Founded 1980; 37 years ago (1980)
Headquarters Hsinchu Science Park
Hsinchu, Taiwan
Key people
Stan Hung, Chairman
Dr. Shih-Wei Sun, CEO
Revenue Increase$4.1 billion (2013)
Number of employees
12,068
Website Main Corporate

United Microelectronics Corporation (UMC; Chinese: 聯華電子; pinyin: Liánhuá Diànzǐ) was founded as Taiwan's first semiconductor company in 1980 as a spin-off of the government-sponsored Industrial Technology Research Institute (ITRI).

Today, UMC is best known for its merchant foundry business, manufacturing integrated circuits wafers for fabless semiconductor companies. In this role, UMC is ranked behind competitors TSMC and GlobalFoundries. It has three 300 mm fabs, one in Taiwan and one in Singapore and one in China.

UMC is listed on the New York Stock Exchange under the ticker symbol of UMC, and on the Taiwan Stock Exchange as 2303. UMC has 10 manufacturing facilities worldwide, employing 10,500 people.

UMC was the first foundry to produce chips on 300 mm wafers, ship wafers using copper materials, to sell 65 nm IC's to customers, and to produce chips using 28 nm process technology. It was the first Taiwanese company to offer foundry services and the first semiconductor company to be listed on the Taiwan Stock Exchange in 1985.

The company was also known for producing semiconductor chips which were used in counterfeit Nintendo Entertainment System game cartridges. Nintendo of America filed a federal lawsuit against UMC for copyright infringement of the games. The case was settled, with both companies expressing satisfaction with the settlement.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-26 Future report Set alerts
Q2 2022 2022-07-27 0.29 0.29
Q1 2022 2022-04-27 0.28 0.28
Q4 2021 2022-01-25 0.24 0.24
Q3 2021 2021-10-27 0.26 0.26
Q2 2021 2021-07-28 0.18 0.18
Q1 2021 2021-04-28 0.00 0.00
Q4 2020 2021-01-27 0.00 0.00
Q3 2020 2020-10-29 0.00 0.00
Q2 2020 2020-07-30 0.09 0.09

Ratings

2016-04-28 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2016-01-27 Upgrade HSBC Hold to Buy
2015-12-21 Initiated Coverage Macquarie Neutral
2015-12-17 Upgrade CLSA Sell to Outperform
2015-12-17 Upgrade Credit Agricole Sell to Outperform
2015-12-17 Upgrade Credit Agricole SA Sell to Outperform
2015-10-13 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2015-04-21 Upgrade HSBC Underweight to Neutral
2015-04-16 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2015-01-28 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2015-01-28 Downgrade HSBC Neutral to Underweight
2015-01-12 Downgrade Credit Suisse Outperform to Neutral
2015-01-12 Downgrade Credit Suisse Group AG Outperform to Neutral
2014-12-08 Upgrade Bank of America Underperform to Buy
2014-12-08 Upgrade Bank of America Corp. Underperform to Buy
2014-11-24 Upgrade Sanford C. Bernstein Underperform to Market Perform
2014-10-29 Upgrade JPMorgan Chase & Co. Underweight to Neutral
2014-10-29 Upgrade Deutsche Bank Hold to Buy $14.00 to $15.00
2014-10-29 Upgrade Deutsche Bank AG Hold to Buy $14.00 to $15.00
2014-07-31 Downgrade JPMorgan Chase & Co. Neutral to Underweight
2014-07-31 Downgrade Citigroup Inc. Neutral to Sell
2014-06-11 Upgrade Bank of America Buy
2014-04-21 Upgrade Goldman Sachs Sell to Neutral
2013-10-31 Downgrade Bank of America Neutral to Underperform $2.19 to $1.73
2009-07-07 Reiterated FBR Capital Mkt Perform $2.50 to $2.25
2009-06-10 Downgrade JP Morgan Overweight to Neutral
2009-05-26 Reiterated FBR Capital Mkt Perform $1.75 to $2.50
2009-03-10 Upgrade JP Morgan Underweight to Neutral
2009-02-13 Reiterated Friedman Billings Mkt Perform $2 to $1.75
2007-10-12 Downgrade UBS Buy to Neutral
2007-08-02 Reiterated Friedman Billings Mkt Perform $3.30 to $3.50
2016-04-28 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2016-01-27 Upgrade HSBC Hold to Buy
2015-12-21 Initiated Coverage Macquarie Neutral
2015-12-17 Upgrade CLSA Sell to Outperform
2015-12-17 Upgrade Credit Agricole Sell to Outperform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks