GlobalWafers held its board meeting today (November 4, 2025) to approve its financial statements for the third quarter ended on September 30, 2025 with the consolidated revenue reached NT$14.49 billion with -9.46% QoQ and -8.67% YoY; gross profit margin of 18.4%, operating income margin of 8.5%; net profit of NT$1.97 billion, net profit margin of 13.6%; EPS of NT$4.12. The consolidated revenue for the first three quarters in 2025 reached NT$46.1 billion with -0.4% YoY; gross profit margin of 23.6%, operating income margin of 13.6%; net profit of NT$5.11 billion, net profit margin of 11.1%; EPS of NT$10.68.
GlobalWafers’ third-quarter revenue declined quarter by quarter, as some customers advanced shipments to the second quarter to mitigate uncertainty risks, resulting in a higher comparison base. Exchange rate fluctuations also had a notable impact throughout the year. The New Taiwan dollar (NTD) appreciated significantly against the U.S. dollar in the first half before slightly weakening from August. As the company’s revenue is primarily denominated in U.S. dollars, currency movements affected the conversion into NTD terms, leading to a softer year-over-year performance when reported in local currency. In U.S. dollar terms, consolidated revenue for the third quarter of 2025 reached USD 490 million, representing a 5.95% decline from the previous quarter. Cumulative revenue for the first three quarters totaled USD 1.48 billion, an increase of 2.45% compared with the same period last year. Overall, the divergence between revenue trends in NTD and USD shows that the appreciation of the NTD exerted a clear suppressing effect on reported figures, while the company’s U.S. dollar-based operations remained fundamentally stable.
Despite the complex and evolving global political and economic environment, with U.S. tariff policies and Section 232 investigations still pending, end-market visibility remains limited, and overall demand has yet to show a clear recovery. The rapid expansion of artificial intelligence (AI) applications is driving demand for advanced logic and memory products. However, growth momentum is largely concentrated in AI-related segments, while the recovery of mature-node products continues at a slower pace. In the wafer market, AI-driven demand has fueled a noticeable rebound in semiconductor revenue, but wafer shipment recovery has been more moderate, reflecting continued softness in mature-node demand and ongoing inventory digestion in certain end markets. Nevertheless, the market is showing signs of returning to a steady growth trajectory. In addition, tariffs have significantly accelerated customers’ preference for local sourcing, reflecting greater emphasis on supply-chain resilience and delivery reliability. With major customers expediting sample qualification and product verification, the U.S. market is expected to become an important medium- to long-term growth driver for GlobalWafers. As inventory adjustments near completion and AI applications expand into more industries, wafer demand is expected to recover steadily. GlobalWafers will continue to enhance its technology and operational efficiency, strengthen its global footprint and localized supply capabilities, and capture long-term opportunities arising from AI, high-performance computing, and localization trends to drive sustainable long-term growth.
GlobalWafers’ capacity expansion programs are progressing steadily across the United States and Europe, in line with the accelerating global localization trend. In the United States, the Missouri fab began pilot production earlier this year, with SOI wafer sampling underway and mass production targeted for 2026. The new Texas plant (GWA) is actively conducting product qualifications with customers and will gradually ramp up capacity in response to U.S. localization demand. In Europe, the Novara FAB300 in Italy was officially inaugurated in October 2025, becoming one of the few 12-inch semiconductor wafer fabs in Europe with fully integrated process capabilities. The site has entered the sampling and small-batch shipment phase. This milestone strengthens Europe’s semiconductor supply-chain resilience and brings GlobalWafers closer to its customers to support their long-term development strategies. All new fabs will operate entirely on renewable energy once mass production begins, in compliance with RE100 standards. This demonstrates the company’s commitment to sustainable operations and decarbonization while helping customers increase the proportion of green supply chains and achieve their RE100 and net-zero goals. At the same time, GlobalWafers has completed multiple capacity expansion projects across its major Asian sites, continuously optimizing process efficiency and production flexibility. Together with its new facilities in the United States and Europe, this forms a complementary global manufacturing network that enhances supply stability and localized service capabilities, allowing the company to flexibly allocate capacity in response to a rapidly changing international trade environment.
GlobalWafers’ advanced materials initiatives are also progressing well. The company has completed prototype development of the square silicon wafer and the 12-inch silicon carbide (SiC) wafer, both of which have entered the customer sampling stage. The square silicon wafer improves material utilization and packaging design flexibility, while the SiC wafer, with its high thermal conductivity and mechanical strength, offers strong potential for high-power and high-frequency applications. In parallel, the company continues to refine key processes including slicing, grinding, and polishing to strengthen its technological capability in new materials, capture emerging market opportunities in advance, and lay the foundation for future advanced-node requirements.
GlobalWafers remains committed to green manufacturing and sustainable development. In 2025, the company once again received the Bronze Award in the National Enterprise Environmental Protection Award from Taiwan’s Ministry of Environment, marking its fifth consecutive year of recognition for excellence in environmental management and resource efficiency. To fulfill its net-zero roadmap, GlobalWafers has pledged to align with the Science Based Targets initiative (SBTi) and achieve net-zero emissions across its entire value chain by 2050, while moving up its RE100 goal to achieve 100% renewable-energy use by 2040, ten years ahead of schedule. Recently, the company also signed a long-term offshore wind power purchase agreement (PPA) to secure renewable-energy supply for the next 30 years, with a capacity of 15.5 MW and an estimated total supply of 2 billion kWh, equivalent to a carbon-reduction impact of approximately 980,000 tons of CO₂. These concrete actions demonstrate GlobalWafers’ determination to achieve sustainable transformation and its ongoing progress toward high-efficiency, low-carbon, and sustainable operations.