[News] PSMC's loss narrows in Q1, while quake-hit Q2 shipments decline 5%-8%

Taiwanese semiconductor foundry Powerchip Semiconductor Manufacturing Corporation (PSMC) held its earnings call and released its first-quarter financial report. According to a report by Liberty Times Net citing information, with increased capacity utilization, idle power costs decreased, resulting in gross profit margin increasing to 15.4%, up 12.3 percentage points from the fourth quarter of the previous year. Net loss fell to NT$439 million after tax, translating to a loss of NT$0.11 per share.

Looking at the potential shift this year, PSMC General Manager Brian Shih highlighted that while large-format board drive ICs are performing relatively well, Chinese foundries are exerting significant pricing pressure on mature operations, affecting average prices. Selling inappropriately. This remains a key variable that affects profitability.

In response to inflation-driven equipment cost adjustments and market demands, PSMC is reviewing its product portfolio. They also announced a capital expenditure increase of NT$32 billion for 2024, representing a 30% increase from the previously announced NT$24 billion. Powerchip's Tainan fab has begun trial production, with future investments focused on power management IC, memory, and copper operations in the medium.

Brian Shih reported that PSMC's capacity utilization rate was about 65% in the fourth quarter of last year. In the first quarter of this year, the utilization rate of logical products improved slightly, while the utilization rate of memory products reached 95% to 98%.

Memory product utilization is expected to remain at Q1 levels in Q2, with logical product utilization at approximately 65% ​​to 70%. Gross margin is expected to remain stable or improve compared to the first quarter.

According to TrendForce's previous Q4 2023 report, global semiconductor foundry revenue rankings showed that Intel Foundry Services (IFS), which ranked ninth globally in Q3 2023, was knocked out of the top 10 by PSMC and Nexchip due to factors Such as the transition between old and new CPU generations and lackluster stock momentum. Meanwhile, the three largest semiconductor foundries globally were TSMC, Samsung, and GlobalFoundries.

Read more

(Image source: PSMC)

Please note that this article cites information from Liberty Times Net.

Next article

[News] Samsung gets $6.4 billion in subsidies from the US government, which is less than Intel and TSMC

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos