Sino-American Silicon (SAS) (5483:TT) announced its December results today, reporting consolidated revenue of NT$6.71 billion, reflecting a MoM increase of 6.70% and a YoY decline of 19.13%. SAS’s Q424 consolidated revenue reached NT$19.97 billion, with a QoQ decline of 0.79% and a YoY decline of 5.57%. For 2024, SAS’s consolidated revenue amounted to NT$79.68 billion, with a YoY decline of 2.79%.
GlobalWafers, the semiconductor company within SAS-group, also announced its revenue today. The consolidated revenue in December 2024 reached NT$ 5.49 billion, reflecting a MoM increase of 7.29% and a YoY decline of 14.65%. 2024 Q4 consolidated revenue stood at NT$ 16.34 billion with a QoQ increase of 2.98% and a YoY decline of 2.51%. FY2024 consolidated revenue amounted to NT$ 62.63 billion, with a YoY decline of 11.36%. GlobalWafers contributed nearly 80% to SAS’ revenue. Both SAS and GlobalWafers’ December revenue, Q424 revenue, and the revenue for the second half of 2024 all hit the third highest over the same period in history, and the FY2024 consolidated revenue also reached the third highest in history. Affiliated companies within the SAS Group also delivered good results, with Actron and TSC’s FY2024 revenue achieving record highs and AWSC returned to the track of growth, with its FY2024 revenue hitting the second-highest level in history, an increase of 63.62% over last year.
SAS has diversified its operations across a range of business, including semiconductors, automotive components, specialty gases, chemical and compound materials, and renewable energy. The group’s affiliated companies— Advanced Wireless Semiconductor Company (AWSC) (8086:TT), Actron Technology Corporation (Actron) (8255:TT), and Taiwan Speciality Chemicals Corporation (TSC) (4772:TT) have delivered outstanding revenue performances in 2024, with AWSC achieving a year-on-year growth of 63.62%, Actron 34.23%, and TSC 57.89%. These affiliates continue to exert the core competitiveness in their respective fields and have become an important cornerstone for SAS to expand its diversified business reach.
Regarding the renewable energy sector, government initiatives such as the 2050 net-zero emissions goal, and downstream customers’ commitment to net-zero carbon emissions as part of their sustainable development goals, have driven the supply chain to increase the usage of renewable energy. This trend continues to provide strong momentum for the renewable energy industry. Recognizing the immense business potential in the green energy, SAS has been proactively strengthening its footprint in the renewable energy sector. SAS’ subsidiary, Sustainable Energy Solution (SES), has successfully entered the green energy market by leveraging the group’s longstanding expertise and strong reputation in the industry. To meet the demands of the green supply chain, Sustainable Energy Solution (SES) not only focuses on solar photovoltaics, but also actively involves in offshore wind power purchase, helping enterprises achieve their carbon reduction goals. In 2024, by integrating with excellent power retailing provider Anneal Energy, SAS has further expanded its market share in green electricity, offering customers more comprehensive green energy solutions. Looking ahead, SAS will continue to advance its renewable energy business, diversify its green energy products and services, and deliver total green energy solutions to customers. By seizing green energy opportunities, SAS aims to create a net-zero future together with its business partners.
In 2024, the growth of the global semiconductor industry was primarily driven by advanced process applications. Despite uncertainties such as geopolitical risks and uneven recovery in end markets, GlobalWafers achieved steady quarterly growth throughout 2024. Looking ahead to 2025, as client inventories are further reduced, the market recovery is expected to become more evident, with performance in the second half of the year anticipated to exceed that of the first half. Additionally, GlobalWafers’ expansion plans are progressing steadily. Following the signing of the final agreement with the U.S. Department of Commerce in last December, the company will receive up to $406 million direct funding under the U.S. CHIPS and Science Act. GlobalWafers is eligible for the U.S. Treasury Department’s Advanced Manufacturing Investment Credit (AMIC), providing up to 25% of qualified expenditures at its GWA and MEMC LLC facilities. Further notable progress was made at GlobalWafers’ new Texas GWA plant, which successfully produced its first 12” silicon ingot and the first 12” polished wafer for advanced process, only two years after construction began. This accomplishment marks a significant milestone in establishing domestic production and local supply of advanced semiconductor wafers in the United States.
GlobalWafers is dedicated to sustainable development and participated in RE100 initiative in 2022. On January 6, its Danish subsidiary, Topsil, held an opening ceremony for its self-built solar power plant that the power supply will exceed 100% of the electricity consumption of the whole Topsil plant. This construction not only enables Topsil to achieve complete self-sufficiency in green electricity but also allows surplus renewable energy to contribute to Denmark’s energy grid. Thereby, Topsil has become the world’s first semiconductor crystal-growing facility to operate on 100% self-generated green power. It is also the first GlobalWafers facility to fulfill the RE100 commitment, underscoring the company’s proactive approach to sustainable operations and its dedication to fostering a green semiconductor ecosystem in collaboration with its customers.