Taiwan Ratings released its latest rating result on March 15, 2024 and affirmed its ‘twAA-/twA-1+’ issuer credit ratings on GlobalWafers Co. Ltd., with the outlook rating remains “Stable.” The ratings continue to reflect GlobalWafers’ satisfactory market position with relatively low debt leverage over the next one to two years. In Taiwan Ratings’ view, GlobalWafers will maintain its market position as the third largest silicon wafer manufacturer globally. In addition, Taiwan Ratings believe GlobalWafers’ stable relationship with top-tier clients and aggressive capacity expansion focusing on advanced products will underpin improving profitability and an increasing operating scale.
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