GlobalWafers Co, one of the world’s leading silicon wafer suppliers, is optimistic about its revenue growth this year, attributing it to the increasing demand for artificial intelligence (AI) technology and other emerging technologies in the semiconductor industry. Despite the downward trend in the industry, the company achieved a record-high revenue of NT$70.65 billion ($2.27 billion) last year, marking a slight increase of 0.52 percent.
GlobalWafers saw particularly strong growth in its operations in Japan, with revenue growing by approximately 10 percent year-on-year to ￥55 billion ($377.46 million). This growth was largely driven by long-term supply agreements (LTA) signed with customers, as well as flexible arrangements to help customers manage their inventories.
Looking ahead, GlobalWafers expects the average LTA prices to increase this year, as some of its wafer capacity will be produced at newly built factories with higher production costs. While economic and political uncertainties pose challenges, the company remains positive about its prospects, as analysts project a revenue expansion of between 13 percent and 20 percent for the semiconductor industry. This growth is expected to be driven by the increasing demand for AI and new telecom technologies beyond 5G.
Chairperson Doris Hsu emphasized the significance of AI in the semiconductor industry, stating that it is making a significant impact on the world. Despite conservative customer orders in the first half of the year, GlobalWafers anticipates a better recovery in the second half as customers navigate through low seasons.
In conclusion, GlobalWafers is well-positioned to capitalize on the growing demand for AI and emerging technologies in the semiconductor industry. With its strong customer relationships, the company is confident in its revenue growth for the year ahead.
The source of the article is from the blog lokale-komercyjne.pl