Sino-American Silicon (SAS) announced its revenue today that the consolidated revenue in December 2022 reached NT$6.7 billion, 12.7% YoY. SAS FY2022 consolidated revenue hit NT$81.9 billion with 18.9% YoY, the record high! 2022 Q4 consolidated revenue hit NT$21.2 billion, 17.3% YoY, the second record high! SAS solar business annual revenue crossed NT$10 billion mark, achieving NT$10.3 billion with 34.5% YoY, shining bright.
GlobalWafers, the semiconductor subsidiary of SAS, also announced its revenue today. The consolidated revenue in December 2022 reached NT$6 billion. Its FY2022 consolidated revenue reached NT$70.3 billion, breaking the threshold of NT$70 billion! Compared with FY2021, an increase of over 15%! 2022 Q4 consolidated revenue stood at NT$18.4 billion with 16.7% YoY, achieving 12 quarters of consecutive growth, and both yearly and quarterly revenue hit new record high! GlobalWafers contributed nearly 90% to SAS’ revenue.
The weak macroeconomics and inflations have dragged down consumer products; however, semiconductors are ubiquitous in daily life and are integral for almost all technologies. Moreover, its future growth will be propelled by multiple forces ranging from wireless communications, automotive, cloud to industrial/IoT needs, which will provide long-term momentum to the semiconductor industry. The intensified geopolitical tensions have reinforced the calls to reshape the global supply chain and have amplified the importance of global layout. With the unimpeded supply chain network weaved by 17 operating bases all over the world, GlobalWafers is able to supply customers with high-quality silicon wafers of full sizes, full specifications and full applications, and will gradually realize the green promise with lower carbon footprint derived from local production, nearby supply and provide customers with real-time services.
2022 was a challenging year to the energy industry. The soaring natural gas price resulted from the Russia-Ukraine War, coupled with power shortage aggravated by the extreme weather in this winter have led to spiking energy price in the whole world, affecting people’s livelihood and economy considerably. To mitigate such impact and respond to global green guideline, numerous countries have passed bills or taken actions to encourage renewable energy, aiming to stabilize the energy supply. The BloombergNEF indicates that global solar capacity additions hit 268 GW in 2022, with annual installations expected to reach 315 GW in 2023. Not only the United States passed the《Inflation Reduction Act》to provide tax incentives in order to spur renewable energy investments, boosting expected solar deployment by over 40% compared to pre-IRA projections, European Commission also launched European Solar PV Industry Alliance at the end of 2022 to expand the local supply chain with the aim to help EU reach over 320 GW of newly installed solar capacity by 2025, and 600 GW by 2030. In addition, Taiwan government announced “Net-zero transition action plans based on 12 key strategies”, setting Nationally determined contribution (NDC) in 2030 to expand the carbon reduction target to 24±1% (compared to 2005 baseline), planning Taiwan renewable energy capacity to reach 45 ~ 46GW by 2030, in which solar will stand out among all with 31GW. Governments worldwide actively seek to take advantage of renewables’ energy security and climate benefits and continue to implement the zero carbon emission policies, contributing to the unprecedented growth. SAS and GWC group also align with the global green guidelines, pledging all subsidiaries in the group to use 100% renewable energy by 2050, and will progressively achieve the goal.