Sino-American Silicon (SAS) announced its revenue today that the consolidated revenue in December 2023 reached NT$ 8.29 billion, 26.60% MoM and 23.03% YoY, the record high. 2023 Q4 consolidated revenue hit NT$ 21.14 billion, 7.86% QoQ and -0.29% YoY, the third highest! SAS FY2023 consolidated revenue hit NT$ 81.97 billion with 0.12% YoY, achieving 3 years of consecutive growth, and the record high!
GlobalWafers, the semiconductor company within SAS-group, also announced its revenue today. The consolidated revenue in December 2023 reached NT$ 6.43 billion with 22.71% MoM and 6.38% YoY, the record high. 2023 Q4 consolidated revenue stood at NT$ 16.76 billion with -3.53% QoQ and -8.83% YoY, achieving the second highest over the same period. FY 2023 consolidated revenue amounted to NT$ 70.65 billion, 0.52% YoY, marking continuous revenue growth for 3 years, setting a new record once again. GlobalWafers contributed nearly 90% to SAS’ revenue. Besides, the associated entities within the SAS group have showcased commendable performance as well. Actron Technology Corporation (Actron) and Taiwan Speciality Chemicals Corporation (TSC) both achieved record-high annual revenues; Advanced Wireless Semiconductor Company (AWSC) is on a path of resurgence with a year-on-year revenue increase of 25.85%.
In recent years, SAS has strategically invested in promising companies, yielding synergies that propelled the group’s growth. The company has focused its efforts on the semiconductor sector, including compound semiconductors, automotive diodes, and special gases, as well as the renewable energy industry, encompassing solar energy, energy storage, and green power trading, with a comprehensive business layout. Despite encountering a challenging economic environment in 2023, such as weakened demand in end markets, customer inventory adjustments, and delayed progress in power plant installations, SAS and its affiliated companies within the group have still showcased commendable growth in revenue. The remarkable success can be credited to their steadfast commitment, proactive engagement with clients, and nimble adaptation to ever-changing market dynamics—an impressive feat amid formidable circumstances.
Regarding GlobalWafers, despite factors such as demand uncertainty in 2023 affecting the overall momentum of the semiconductor industry, fortunately, the benefits from long-term agreements continue, and the market is gradually showing signs of recovery. However, the speed of recovery varies across different applications. Positioned upstream in the semiconductor industry, there is an intrinsic delay by one or two quarters for the wafer phase on the recovery timeline.
As for the recent earthquake on the Noto Peninsula in Japan, the impact on GlobalWafers’ Niigata plants was limited, and full operations resumed after the aftershocks subsided. Increasing geopolitical tensions, natural disasters, and extreme weather events accelerate the restructuring of the semiconductor supply chain, further underscoring the importance of a global presence. GlobalWafers actively addresses these challenges, utilizing its 18 operational sites across 9 countries in Europe, Asia, and America to supply customers locally with its robust and unobstructed network to stably provide high-quality silicon wafers to customers.
Looking ahead to 2024, as the inventory will be gradually reabsorbed and a healthy inventory be restored, semiconductor industry is poised to rebound, GlobalWafers is likely to resume growth. Advanced Wireless Semiconductor Company (AWSC), within the SAS Group, is expected to benefit from the resurgence in smartphone demand and order transfers. The performance of Actron Technology Corporation (Actron) is forecasted to be fueled by the global growth in the automotive market; in the renewable energy sector, due to the ongoing conflict between Russia and Ukraine, nations worldwide have been spurred to expedite their decarbonization initiatives, sustaining momentum for solar system installations. SAS has strategically seized market opportunities by introducing the M10 N-Type Topcon product, boasting a remarkable 25% conversion efficiency. With both semiconductor and renewable energy businesses serving as dual engines, the outlook for SAS and GlobalWafers appears promising.