Sino-American Silicon (SAS, 5483:TT) released its March results today that the consolidated revenue reached NT$ 7.37 billion with 20.6 % MoM and 9.19 % YoY, marking the second-highest level on record for the same period. SAS Q126 consolidated revenue totaled NT$ 19.38 billion, with -0.52 % QoQ and 0.04 % YoY, representing the third-highest level on record for the same period.

 

SAS’ semiconductor subsidiary, GlobalWafers (GWC, 6488: TT), also released its March results today that the consolidated revenue reached NT$5.45 billion with 23.8 % MoM and 0.1% YoY. GWC Q126 consolidated revenue totaled NT$13.98 billion, with -3.6 % QoQ and -10.3 % YoY.

 

GlobalWafers’ revenue for the first quarter of 2026 declined compared to the previous period, primarily due to fewer working days during the Lunar New Year holiday, as well as temporary disruptions caused by extreme cold weather and snowstorms in parts of Europe, the United States, and Northeast Asia, which constrained operations at certain overseas facilities. These impacts were seasonal and temporary. As weather conditions improved, all sites have resumed normal operations, with utilization and shipment momentum gradually stabilizing. As short-term disruptions subside, underlying operating fundamentals have gradually recovered. In addition to ongoing pilot production and customer qualifications for newly added capacity, existing 12-inch wafer lines remain fully loaded. Utilization for small- and medium-sized wafers has also improved compared to the previous quarter, indicating initial signs of demand recovery. However, the extent to which this improvement will translate into a broader and sustained market recovery remains to be seen observation. Meanwhile, the first tranche of government subsidies for the GlobalWafers’ Italian subsidiary was received in the first quarter, and will help strengthen the overall financial structure. Overall, after reaching a relatively low point in the first quarter, operating momentum shows a gradual but uneven upward trend. Nevertheless, future performance remains subject to uncertainties, including macroeconomic environment, geopolitical risks, and industry conditions. GlobalWafers will continue to adopt a proactive and prudent approach in responding to market conditions.

 

SAS reported a slight YoY increase in consolidated revenue for Q126. Driven by its dual-track strategy across manufacturing and services, the renewable energy business delivered outstanding performance, with its revenue in Q126 increasing 75.5% YoY, demonstrating strong growth momentum. On the solar technology front, SAS continues to expand into high-barrier niche applications, including space-related applications such as low Earth orbit (LEO) satellites, where demand for highly reliable solar products is expected to remain strong. These developments also present opportunities for the Company to further expand into higher value-added markets. In green energy services, SAS’s subsidiary Susen Green Energy (SGE) has established a one-stop green energy solutions platform integrating diversified energy and management services to support corporate decarbonization and energy transition. As of the end of the first quarter, SGE’s power trading subsidiaries, SES and Anneal, have secured cumulative green power contracts of nearly 22 billion kWh. This segment is expected to become a key growth driver for the Group’s renewable energy business. Among affiliated companies, Taiwan Specialty Chemicals Corporation (TSC, 4772:TT) reported first-quarter consolidated revenue of NT$0.86 billion, representing a YoY increase of 290%, driven by rising demand for disilane supported by AI applications. Its anhydrous hydrogen fluoride (AHF) products have also entered major customer supply chains and are gradually ramping up, and are expected to contribute to overall performance this year. Advanced Wireless Semiconductor Company (AWSC, 8086:TT) recorded first-quarter revenue of NT$1.22 billion, up 58.4% YoY. Building on its stable power amplifier (PA) business, AWSC continues to diversify its product and application portfolio, expanding into non-RF applications such as drones, LEO satellites, and high-altitude platform systems (HAPS), enhancing operational flexibility. Actron Technology Corporation (Actron, 8255:TT) reported first-quarter revenue of NT$2.04 billion, representing a YoY decrease of 3.7%. In addition to strengthening its automotive business, Actron is expanding into AI server power, energy systems, and electric vehicle power devices, leveraging SiC and GaN technologies to enter the high-efficiency power market. With steady progress across its business segments, the SAS Group will continue to leverage renewable energy, automotive components, and semiconductors as its three key growth engines, integrating Group resources and diversified operations to enhance competitiveness and long-term value.