Sino-American Silicon (SAS) (5483:TT) announced its September results today, reporting consolidated revenue of NT$6.41 billion, reflecting a MoM decrease of 7.31% and a YoY decline of 11.57%. SAS’s Q324 consolidated revenue reached NT$20.1 billion, marking QoQ growth of 1.15% and a YoY increase of 2.67%. For the first three quarters of 2024, SAS’s consolidated revenue amounted to NT$59.7 billion, representing a slight YoY decline of 1.83%. SAS’s consolidated revenue for Q324 ranks as the second-highest for the same period in the company’s history, while cumulative revenue for the first three quarters marked the third-highest on record.
GlobalWafers (GWC) (6488:TT), SAS’s semiconductor subsidiary, also released its September results today, recording consolidated revenue of NT$5.15 billion, down 3.88% MoM and 19.87% YoY. GWC’s Q324 consolidated revenue reached NT$15.9 billion, reflecting QoQ growth of 3.55% but a YoY decline of 8.67%. GWC’s cumulative revenue for the first three quarters of 2024 totaled NT$46.3 billion, representing a 14.11% YoY decline. GWC’s Q3 and cumulative revenue for the first three quarters of 2024 both ranked third-highest for the same periods in its history.
GWC has recorded steady quarterly revenue growth throughout 2024, with Q3 revenue continuously surpassing Q2 results. The semiconductor industry, driven by AI applications, is fueling growth in data centers and AI-related devices. The regionalization of semiconductor wafer production has increased global capital expenditure for 12-inch fabs. As clients consistently reduce inventories, shipments in end-user markets are expected to rise, positioning the semiconductor sector for a rebound, and demand for semiconductor wafers is also projected to increase, with 2025 anticipated to exceed 2024.
SAS continues to diversify across key sectors, including semiconductors, automotive components, specialty gases and compound materials, and renewable energy, with strong affiliates performance driving growth. Advanced Wireless Semiconductor Company (AWSC) (8086:TT), the world’s second-largest GaAs wafer foundry, achieved nearly NT$3.7 billion in cumulative revenue for the first three quarters of 2024, outpacing its full-year 2023 total. Actron Technology Corporation (Actron) (8255:TT), focused on automotive semiconductors, reported an 40.77% YoY increase in cumulative revenue for Q324. Taiwan Speciality Chemicals Corporation (TSC) (4772:TT), specializing in R&D, production, and sales of specialty semiconductor gases, successfully listed on the Taipei Exchange in Q324 and recorded 70.22% cumulative revenue growth for the same period. These affiliates’ strong results are propelling SAS Group’s growth. SAS will continue expanding its businesses, exploring new untapped markets, and maximizing synergies through resource integration.
In renewable energy, growing demand for green power and national energy policies are key market drivers. SAS Group is integrating the upstream and downstream needs of the solar energy industry, offering products tailored to local climate conditions with high wind and salt resistance. Additionally, to mitigate damage caused by weather-related events like typhoons, SAS provides localized after-sales services through its robust supply chain, ensuring customized solutions for clients. Beyond solar industry, SAS Group is expanding into diverse renewable energy sectors, with its subsidiary, Sustainable Energy Solution (SES), offering a variety of green power solutions, including solar, hydro, and wind, capturing opportunities in the growing net-zero and sustainability movements.