United Microelectronics (TPE:2303) Research & Development: NT$18,336 Mil (TTM 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 Research & Development?

United Microelectronics TPE:2303 -8.12% 73 Research & Development is NT$18,336 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.

Research & Development is the aggregate amount of research and development expenses during the year. United Microelectronics's Research & Development for the three months ended in Mar. 2026 was NT$4,575 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was NT$18,336 Mil.

United Microelectronics  (TPE:2303) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

United Microelectronics Research & Development Related Terms

United Microelectronics Research & Development Historical Data

* Premium members only.

The historical data trend for United Microelectronics's Research & Development 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 Research & Development Chart

United Microelectronics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,934.84 12,953.53 13,283.83 15,616.04 17,724.75

United Microelectronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development 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 3,963.70 4,193.68 4,630.62 4,936.75 4,575.30
TPE:2303
73GF Score
United Microelectronics Corp TPE:2303
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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United Microelectronics Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$18,336 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of NT$18,336 Mil mean?
United Microelectronics (TPE:2303) has a Research & Development of NT$18,336 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on United Microelectronics and its competitors.
Is United Microelectronics' Research & Development too high?
United Microelectronics' current Research & Development is NT$18,336 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' Research & Development compare to NVDA and AVGO?
United Microelectronics' Research & Development of NT$18,336 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 Research & Development for a Semiconductors company?
A good Research & Development depends on the Semiconductors industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on United Microelectronics and its competitors. United Microelectronics's current Research & Development is NT$18,336 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 Research & Development is NT$18,336 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 Research & Development calculated?
Research & Development is calculated from a company's financial statements. For United Microelectronics (TPE:2303), the current Research & Development is NT$18,336 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:

  • Research & Development: NT$18,336 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

Get the complete analysis for TPE:2303

Research & Development 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