Global Wafers March Revenue: NT$5.66B, Up 12.6%

Sino-American Silicon Products Inc. (SAS) announced on April 9th that its revenue in March reached NT$7.09 billion (in the same unit), representing a 10.1% increase from the previous month but a 5.7% decrease compared to the same period last year, marking the second-highest performance in recent years for the same period. For the first quarter, SAS recorded a combined revenue of NT$19.69 billion, a 6.9% decrease from the previous quarter and a 5.8% decrease year-on-year. This quarterly revenue also marks a historical high for the same period.

Subsidiary company Global Wafers, under SAS, reported a combined revenue of NT$5.66 billion in March, reflecting a 12.6% increase from the previous month but a 15.6% decrease year-on-year. The cumulative revenue for the first quarter was NT$15.09 billion, down by 10% from the previous quarter and 19% year-on-year.

Global Wafers' revenue showed consecutive monthly growth from January to March, fostering cautious optimism about future revenue growth. The company anticipates better performance in the second half of the year compared to the first half.

SAS stated that the recent earthquake had no impact on the second-quarter revenue of both SAS and Global Wafers.

Looking ahead to 2024, Global Wafers' expansion plans focus on large-sized silicon wafers, specialty wafers, and compound semiconductors, in preparation for the market's shift towards advanced processes.

Chairperson Doris Xu of Global Wafers previously stated that the company's revenue in 2024 is expected to remain steady or slightly increase by single-digit percentages compared to the previous year. Xu Xiulan also noted that the inventory situation of Global Wafers' customers is gradually improving, although inventory levels are not decreasing rapidly. It is anticipated that the first quarter will be the operational trough of this year, with the second-quarter performance roughly similar to the first quarter. As customer inventory improves in the second half of the year and demand strengthens, operational performance is expected to surpass the first half, resulting in revenue for the whole year remaining steady or slightly increasing by single-digit percentages compared to the previous year.