Hsinchu, Taiwan, May 2, 2023 – GlobalWafers held its board meeting today (May 2, 2023) to approve its financial statements for the first quarter ended on March 31, 2023 with the consolidated revenue reached NT$18.6 billion and YoY increase of 14.2%; gross profit of NT$7.6 billion with YoY increase of 8.7%, gross profit margin of 40.6%; operating income of NT$6.1 billion with YoY increase of 3.6%, operating income margin of 32.8%; net income of NT$5 billion with YoY increase of 186.4%, net income margin of 26.9%; EPS of NT$11.49. The quarterly revenue of Q123 and the revenue of March 2023 both achieved the highest record in history!
Today the Board of Directors also approved the cash dividend payment plan for the second half of 2022. The Board of Directors resolved to distribute a cash dividend of NT$9.5 per share for the second half of 2022, with a total amount of NT$4.13 billion. If the cash dividend of NT$6.5 per share with a total amount of NT$2.83 billion distributed in the first half is included, an annual cash dividend of NT$16 per share (NT$14.765 per share from earnings and NT$1.235 per share from capital reserve) with total annual amount of NT$6.96 billion is distributed throughout 2022. GlobalWafers’ Annual General Shareholders’ Meeting will be convened at 9 a.m. on June 20 at the Hsinchu Science Park Life Hub, Taiwan.
While the global economy is poised for gradual recovery from the pandemic, it is still enduring challenges including interest rate hike, the conflict in Ukraine, and geoeconomic fragmentation, with an anticipated growth slowdown in 2023, followed by a projected rebound in 2024. In 2023, drivers such as automotive, servers, data centers and industrial electronics continue to sustain the semiconductor market revenue. In order to reach the net-zero carbon emissions goal, the adoption of EVs has been accelerating driven by government policy, company pledges, and consumer behavior. Besides, the high level of ADAS and the shift towards EV adoption will increase the semiconductor content per vehicle, bringing higher overall industry value by 2030. Fueled by the EV/hybrid-vehicle market, which contributes the largest market segment for SiC power components, SiC becomes a significant driver of fast growth in the compound semiconductor industry. In the meantime, the secular demand for HPC and AI chips is resulting in the increasing global construction of data centers, while hardware acceleration for AI and generative AI applications like ChatGPT are expected to grow. With fundamentals unchanged in the long term, the consistent growth of the global semiconductor market value remains compelling. Technological innovations require advanced and high-quality wafers, which will increase meaningfully in GlobalWafers’ product portfolio after its expansion plans complete in the target regions with growth momentum, well-positioning itself to seize the future growth in the semiconductor industry.
The results of the ninth (2022) Corporate Governance Evaluation were announced. GlobalWafers is once again awarded top 5% among all listed companies. The 5th consecutive award demonstrates GlobalWafers’ continuous improvement in corporate governance, and its fulfillment of ESG responsibilities.