Operational Performance
Operational Performance –Optimization of 12-inch Product Portfolio
The global economic system faced many challenges in 2024 due to continued geopolitical instability, supply chain shifts caused by the constantly evolving international trade relations, cost fluctuations and rising prices. Many countries reduced interest rates to stimulate economic activity, but end market demand remained weak; creating headwinds for the expected economic recovery. In the semiconductor industry, the rebound of the market for mature process technologies was slower than anticipated as capital investment flowed primarily into advanced process technologies. According to Semiconductor Equipment and Materials International (SEMI), global silicon wafer shipments in 2024 totaled 12.2 billion square inches, sales revenue reached US$11.5 billion, marking a year-over-year decline of 6.5%.Amid this challenging business environment, the company continued to allocate more resources to R&D, focusing its efforts on making breakthroughs in heavy doped silicon technology and the development of light-doped 12-inch wafers. The team worked actively with our strategic partners by strengthening the existing relationships and securing additional business, we managed to achieve consolidated revenue of NT$8.721 billion, maintaining break-even performance despite the tough market conditions. Revenue from 12-inch products in 2024 grew by nearly 400% compared to 2023. In addition, our Shanghai subsidiary successfully went public on the STAR Market of the Shanghai Stock Exchange. Our dedicated team once again demonstrated our ability to be resilient, flexible and adaptive in adverse situations.
Looking ahead to 2025, the global political uncertainties will remain, and the competitive landscape of the semiconductor industry will persist. The company will execute a strategic expansion plan which will put us in a position to capture the potential business up-side when market demand surges. The company will also implement corporate level strategies to align with customer requirements. In response to the growing demands from our customers, we have outlined our 2025 operational plans based on three key directions: (1)operational efficiency, (2) technology innovation and product advancement, and (3) global strategy and diversification.
Financial Information
The table below presents various financial information for Wafer Works, including disclosure of employee salaries and social investments:
During the reporting period, Wafer Works received financial subsidies from the following government units:
