Hsinchu, Taiwan, October 6, 2021 –Sino-American Silicon Products (SAS) released September results today that the consolidated revenue totaled NT$6.25 billion with 7.34% MoM and 13.2% YoY, monthly revenue hit the second highest record in the history! Among which solar revenue hit NT$840.1 million with 23.44% MoM and 97.37% YoY, hitting the highest record in a single month since 2019! SAS Q321 consolidated revenue totaled NT$17.52 billion, 1.97% growth compared to Q221 and 13.93% increase compared to Q320, quarterly revenue reached the second highest in the history! SAS cumulative consolidated revenue in the first three quarters of the year totaled NT$50.76 billion, the second highest in the history! Solar business consolidated revenue in Q321 reached NT$2.14 billion, 7.95% growth compared to Q221 and 55.65% increase compared to Q320.
SAS’ semiconductor subsidiary, GlobalWafers (GWC), also released its September results today that the consolidated revenue reached NT$5.38 billion with 4.6% MoM and 5.64% YoY. GWC Q321 consolidated revenue totaled NT$15.36 billion, 1.02% growth compared to Q221 and 9.69% growth compared to Q320. Quarterly revenue soared to the third highest in the history! Overall, GWC’s cumulative consolidated revenue in the first three quarters of the year totaled NT$45.38 billion, reaching the record high!
With countries gradually lifting the restrictions and rolling out of electronic products as well as emerging technologies, the demands for chips in all sizes have increased and have further spurred the needs for high-quality wafers. GlobalWafers keeps devoting itself into semiconductor wafer advanced process development, aiming to inject growth momentum and cement its profit model during the upcycle.
GlobalWafers has unconditionally cleared US merger control requirement for all-cash tender offer for Siltronic. This approval follows clearances already received from the German Federal Cartel Office, the Austrian Federal Competition Authority, the Korea Fair Trade Commission, the Taiwan Fair Trade Commission, the Competition and Consumer Commission of Singapore, and the Committee on Foreign Investment in the United States. The closing of the deal remains subject to receipt of further regulatory approvals and remains expected in the second half of 2021.
In addition to its stable solar business and the goal of becoming a total solution provider of green energy, SAS continuously deepens its strategic deployment in the semiconductor industry chain to enlarge group synergy as well as business diversification so as to strength sustainable development. The prospects for SAS are bright!