United Microelectronics (TPE:2303) Construction In Progress: NT$27,811 Mil (As of Mar. 2026)


TPE:2303 United Microelectronics Corp TPE:2303
73 GF Score
Price NT$164.00
GF Value NT$50.78
Valuation Significantly Overvalued
! 9 Warning Signs
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What is United Microelectronics Construction In Progress?

United Microelectronics TPE:2303 73 Construction In Progress is NT$27,811 Mil as of Mar. 2026. GuruFocus rates TPE:2303 with a GF Score™ of 73/100 and a GF Value™ of NT$50.78 (Significantly Overvalued). The stock has 9 warning signs investors should review.

United Microelectronics's quarterly construction in progress increased from Sep. 2025 (NT$24,502 Mil) to Dec. 2025 (NT$28,129 Mil) but then declined from Dec. 2025 (NT$28,129 Mil) to Mar. 2026 (NT$27,811 Mil).

United Microelectronics's annual construction in progress declined from Dec. 2023 (NT$87,084 Mil) to Dec. 2024 (NT$49,700 Mil) and declined from Dec. 2024 (NT$49,700 Mil) to Dec. 2025 (NT$28,129 Mil).

United Microelectronics Construction In Progress Historical Data

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The historical data trend for United Microelectronics's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

United Microelectronics Construction In Progress Chart

United Microelectronics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31,178.91 74,803.50 87,084.23 49,700.11 28,128.78

United Microelectronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45,105.08 27,766.09 24,502.06 28,128.78 27,810.79
TPE:2303
73GF Score
United Microelectronics Corp TPE:2303
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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United Microelectronics Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of NT$27,811 Mil mean?
United Microelectronics (TPE:2303) has a Construction In Progress of NT$27,811 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on United Microelectronics and its competitors.
Is United Microelectronics' Construction In Progress too high?
United Microelectronics' current Construction In Progress is NT$27,811 Mil. Overall, United Microelectronics has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Microelectronics' Construction In Progress compare to NVDA and AVGO?
United Microelectronics' Construction In Progress of NT$27,811 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Semiconductors company?
A good Construction In Progress depends on the Semiconductors industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on United Microelectronics and its competitors. United Microelectronics's current Construction In Progress is NT$27,811 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, United Microelectronics (TPE:2303) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$50.78, compared to a current price of NT$164.00 — trading 223% above its estimated fair value. The current Construction In Progress is NT$27,811 Mil. United Microelectronics' overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For United Microelectronics (TPE:2303), the current Construction In Progress is NT$27,811 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is United Microelectronics (TPE:2303) Overvalued in 2026?

Based on GuruFocus' analysis, United Microelectronics stock appears to be overvalued. The current stock price of NT$164.00 is trading 223% above its estimated GF Value™ of NT$50.78. GuruFocus considers United Microelectronics to be Significantly Overvalued.

Key valuation signals for TPE:2303:

  • Construction In Progress: NT$27,811 Mil
  • GF Value™: NT$50.78 vs. price of NT$164.00 (223% above fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the TPE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

United Microelectronics Business Description

Address No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN
Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with close to 5% market share in 2025 after TSMC and SMIC. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the US, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Intel, Broadcom, Novatek, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 19,000 people as of February 2025.
73GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$164.00
Price
NT$50.78
GF Value