TEXAS INSTRUMENTS INCORPORATED vs United Microelectronics Corporation, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Texas Instruments designs and fabricates analog chips it prices; UMC fabricates logic wafers its customers price, and that single difference in who holds the pen shows up everywhere: gross margins of 58% against 32.3%, operating margins of 37.5% against 22%, returns on equity of 32% against 13.3%. The multiples then say something stranger, 48.8 times for TI's franchise and a headline 213.2 for UMC's trough earnings, a number that reads as growth-priced and is actually depression-priced, with a 0.05% free-cash yield attached. TI pays a 1.9% dividend from a 4.5 current ratio fortress. The pair shares a sector and a supply chain; the economics barely share a language.
Comparison updated 2026-07-10.
| Metric | TXN | UMC |
|---|---|---|
| Price | $285.42 | $25.58 |
| Market cap | $260.9B | $311.4B |
| Sector | Semiconductors | Semiconductors |
| Stage | Growth | Growth |
| P/E | 48.8 | 213.2 |
| P/B | 15.55 | 27.92 |
| P/S | 14.15 | 43.56 |
| EV/EBITDA | 38.7 | 195.8 |
| Revenue growth | +14.9% | +8.9% |
| Gross margin | 58.0% | 32.3% |
| Operating margin | 37.5% | 22.0% |
| Net margin | 29.1% | 20.8% |
| Return on equity | 32.0% | 13.3% |
| Return on assets | 15.6% | 8.7% |
| Return on invested capital | 18.3% | 12.0% |
| FCF yield | 1.4% | 0.1% |
| Dividend yield | 1.9% | — |
| Debt / equity | 0.91 | 0.00 |
| Current ratio | 4.46 | 2.45 |
| Altman Z (solvency) | 9.22 | 6.96 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.