Sino-American Silicon Products Inc. (SAS, 5483:TT) released its June results today, indicating that the consolidated revenue reached NT$7.2 billion, with 12.72% MoM and 5.07% YoY. Moving into Q225, SAS reported consolidated revenue of NT$20.2 billion, marking a 4.43% QoQ and 1.68% YoY. SAS’s consolidated revenue for the first half of 2025 reached NT$39.6 billion, approaching the NT$40 billion milestone and marking the second highest for the same period in history. Both June and second-quarter revenues set new records as the third highest for the same period historically. This notable achievement underscores the Group’s gradual realization of synergies from its strategic positioning in critical sectors, significantly enhancing its competitive edge and growth potential across the overall business landscape.
SAS’s semiconductor subsidiary, GlobalWafers (GWC, 6488:TT), also released its June results today. The consolidated revenue reached NT$5.7 billion, marking a 14.18% MoM and a 7.07% YoY. In Q225, GlobalWafers’ consolidated revenue totaled NT$16.0 billion, showing a 2.65% QoQ and a 4.45% YoY. Looking at the first half of 2025, the consolidated revenue amounted to NT$31.6 billion, reflecting a 3.91% YoY. Revenue for June, the second quarter, and the first half of 2025 all marked the third-highest for the respective periods in history, demonstrating that GlobalWafers, leveraging its efficient operation management and global footprint, continues to deliver steady growth momentum despite industry fluctuations and macroeconomic uncertainties.
Amid global economic uncertainties driven by changes in geopolitics, exchange rates, and tariff policies, customers are actively establishing localized supply chains. With 18 operational sites across 9 countries, GlobalWafers strengthens its local supply capabilities and responds flexibly to market changes. This enables the company to seize opportunities from urgent and redirected orders, maintain stable supply of wafers in all sizes, and support customers in navigating rapidly shifting political and economic conditions. At present, the new production lines at the Texas and Missouri plants in the U.S., as well as the facility in Italy are all focused on high-end wafers for advanced processes. These sites have already begun sample deliveries and small-volume shipments, and are expected to contribute more to revenue in 2H 2025 or 1H 2026. In addition to the above, other brownfield expansion projects have already commenced production. These sites are also dedicated to high value-added products with leading-edge technical thresholds for advanced processes. The output from these projects has started a stable contribution to revenue and further improves capacity utilization and regional supply flexibility.
GlobalWafers makes full use of its global manufacturing network to provide one-stop solutions spanning crystal growth, slicing, polishing, and epitaxial processes across Asia, America, and Europe. This helps customers diversify risk and reduce the carbon footprint of their products while remaining adaptable to regulatory and policy changes in different regions. Through strategic high-end capacity expansions in six countries and alignment with industry trends and regional market momentum, GlobalWafers is shaping a robust foundation for its long-term development and international leadership.
In the renewable energy sector, despite challenges in Taiwan’s solar market over the past two years—marked by project delays and an influx of overseas modules redirected from the U.S. due to export barriers—recent SAS business developments have been encouraging. The Group’s solar cells have successfully qualified by overseas customers and are poised to ramp up gradually, contributing to future revenue and profitability. On the renewable service front, the green power retail business is experiencing robust growth, fueled by strong customer demand for green electricity and an eagerness to secure long-term power purchase agreements, injecting notable revenue momentum as the business scales to meet market needs.
In line with the global net-zero trend, SAS is actively scaling its green electricity retail operations, delivering a diverse portfolio of renewable energy solutions spanning solar, wind, and hydro power, etc. According to 2025 June data from the National Renewable Energy Certification Center, SAS’s subsidiaries—Sustainable Energy Solution (SES) and Anneal Energy (Anneal)—ranked among the top performers in total solar Renewable Energy Certificate (REC) issuance, underscoring SAS’s solid advancement and tangible growth momentum in the renewable energy sector. Anneal specializes in integrating renewable energy from Type III power plants and has successfully consolidated over 700 power plants, including more than 320MW of solar capacity, supplying enterprises with over 400 million kWh of green electricity annually. In 2025, Anneal has assisted clients in acquiring over 50,000 unbundled renewable energy certificates, marking the largest single transaction volume in the certificate trading market for the first half of the year. Moreover, over 100MW of capacity will be made available in 2026 to further support enterprises in accelerating their RE100 commitments.
SAS group is focused on the strategic development of core sectors including renewable energy, semiconductors, and automotive components. Leveraging its global operational network, the Group drives resource sharing and synergy across affiliated companies to enhance comprehensive competitiveness. Group affiliates delivered strong revenue performance in the first half of 2025: Actron Technology Corporation (Actron, 8255:TT) reported a year-on-year revenue growth of 16.2%, while Taiwan Speciality Chemicals Corporation (TSC, 4772:TT) achieved an impressive 19.2% increase. Advanced Wireless Semiconductor Company (AWSC, 8086:TT) also demonstrated resilience amid end-market fluctuations, with revenue showing steady month-on-month growth. SAS recently announced its affiliate, TSC, has invested in Hung Jie Technology Corporation (unlisted), marking a strategic expansion into the field of Ultra-High Purity (UHP) cleaning, inspection, precision surface processing (coating), and refurbishment of advanced semiconductor equipment components. This move enhances SAS Group’s one-stop capabilities by integrating specialty gases, materials, equipment, and process services, thereby expanding the depth and flexibility of support for advanced process customers. At the same time, this investment further deepens the Group’s dual-pronged strategy in semiconductor manufacturing and services, reaffirming its commitment to forward-looking investments in high-growth sectors. Looking ahead, SAS and GlobalWafers will continue to deepen their global presence in both the renewable energy and semiconductor fields. By harnessing the complementary capabilities of both brands, the Group aims to build a flexible, sustainable, and competitive industrial ecosystem that will drive the Group’s sustainable growth.