GlobalWafers held its board meeting today (August 5) to approve its financial statements for the second quarter ended on June 30, 2025 with the consolidated revenue reached NT$16.0 billion with 2.7% QoQ and 4.5% YoY; gross profit margin of 25.8%, operating income margin of 15.2%; net profit of NT$1.7 billion with 15.5% QoQ, net profit margin of 10.5%; EPS of NT$3.52. The consolidated revenue for the first half of 2025 reached NT$31.6 billion with 3.9% YoY; gross profit margin of 26.1%, operating income margin of 15.9%; net profit of NT$3.1 billion, net profit margin of 9.9%; EPS of NT$6.56. Revenue for both Q2 and the first half of 2025 ranked as the third highest for the same period in history.
The recent sharp appreciation of the New Taiwan dollar against the U.S. dollar has relatively constrained revenue performance when reported in NTD. On a U.S. dollar basis, GlobalWafers’ consolidated revenue for the second quarter reached USD 0.52 billion with 9.7% QoQ; cumulative revenue for the first half of 2025 reached USD 0.99 billion with 4.2% YoY. Although exchange rate fluctuations affected the reported figures, revenue in U.S. dollar terms continued to grow steadily, indicating that the company’s overall operations are on an upward trajectory. While NTD revenue was pressured by currency movements, on a U.S. dollar basis GlobalWafers’ growth trend is even more pronounced, reflecting solid and sustained operational performance.
Global economy continues to experience a slowdown in growth momentum, weighed down by tighter financial conditions, uncertainty in trade policies, and weakened business confidence, while end-market demand remains soft. At the same time, global tariff measures, geopolitical risks, currency fluctuations, and recent developments such as the U.S. Section 232 investigation and potential chip tariffs have further increased market uncertainty. Despite these headwinds, the semiconductor industry’s long-term structural growth drivers remain intact, supported by sustained demand from applications such as artificial intelligence (AI) and high-performance computing (HPC), which continue to fuel strong demand for advanced nodes. In terms of mature nodes, more customers are sending positive signals, indicating that inventory adjustments are gradually coming to an end and that the most challenging phase has passed. Currently, the key factors impacting recovery are changes in tariff and trade policies and their influence on consumer confidence and the pace of demand rebound.
Facing the new tariff environment and global challenges, GlobalWafers leverages its worldwide footprint and localization advantages to flexibly allocate capacity, optimize shipment configurations, and strengthen local manufacturing and technical capabilities in key markets. These efforts accelerate qualification processes, help customers mitigate geopolitical risks, enhance supply chain resilience, and turn uncertainties into competitive advantages. GlobalWafers is advancing its global expansion plan, laying a solid foundation for sustainable growth. The new Texas site and the Missouri site in the U.S., along with the expansion in Italy, are all progressing steadily, with ramp-up expected to gradually contribute to revenue from the second half of this year through the first half of next year. Expansion efforts in Japan and Taiwan have delivered remarkable results, both achieving record-high shipment volumes. Positive news also comes from our Denmark facility, which recorded its second-highest revenue in history in the first half of 2025. These achievements demonstrate that the synergies from GlobalWafers’ global expansion are gradually taking effect. By focusing on large-diameter wafers, advanced processes, and high value-added specialty wafers, and through localized supply from global sites combined with advanced manufacturing, we are driving growth through multiple advantages. Looking ahead, as new capacity ramps up, government subsidies are recognized, and end-market demand gradually recovers, GlobalWafers has already positioned its global operations to meet customers’ long-term needs for localized supply and will continue to advance with resilience and flexibility amid a highly challenging macroeconomic environment.
GlobalWafers remains committed to fulfilling corporate governance and advancing sustainability performance across all aspects of its operations. The company has been included in the FTSE4Good Index Series for four consecutive years and was recently recognized by CDP as a “Supplier Engagement Leader” with the highest “A” rating in its 2024 Supplier Engagement Assessment, underscoring its ESG performance widely acknowledged by domestic and international rating agencies. To support biodiversity conservation, GlobalWafers collaborates with National United University and the Wannei Community in Miaoli, leveraging data platforms, AI-powered environmental education, and smart agriculture to focus on key habitats such as mangroves and the purple crow butterfly in Zhunan’s coastal wetlands, promoting ecological restoration and local sustainability. In addition, GlobalWafers’ Italian sites have installed beehives and planted diverse vegetation to create pollinator-friendly habitats, while partnering with local NGOs to support initiatives in marine plastic reduction, engagement with local fishing communities, and biodiversity restoration. Guided by the principle of “Responsible Growth,” GlobalWafers will continue to enhance corporate resilience, strengthen competitiveness, and advance sustainability practices, working hand in hand with its value chain partners and local communities to achieve a vision of shared prosperity.