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Win Semi August revenues hit record for 2nd straight month
Julian Ho, Taipei; Jessie Shen, DIGITIMES Friday 6 September 2019
GaAs foundry Win Semiconductors has reported consolidated revenues of NT$2.09 billion (US$66.6 million) for August 2019, hitting a monthly record for the second consecutive month.
Win Semi's revenues for August 2019 represented increases of 4.1% sequentially and nearly 55% on year. The company credited its positive performance to robust demand for power amplifier, VCSEL and wireless infrastructure applications, and a pull-in of orders from a US client.
Win Semi disclosed its cumulative 2019 revenues through August increased 3.3% from a year earlier to NT$12.16 billion.
Win Semi reportedly has been contracted by HiSilicon and other China-based chip developers to fabricate mainly smartphone PAs, while enjoying a ramp-up in orders for 5G infrastructure applications, according to market watchers. The GaAs foundry has seen clear order visibility through October-November.
Win Semi is also engaged in the supply chain for the upcoming iPhones through Lumentum, which will buoy further revenues during the second half of 2019, the watchers said.
Win Semi estimated previously revenues would climb about 30% sequentially in the third quarter, with a higher gross margin. Win Semi said it has been engaged in 5G PA development projects with multiple customers, while rising demand for 5G infrastructure will be driving company growth in the latter part of this year.
Visual Photonics Epitaxy Company (VPEC), which supplies epitaxial wafers to Win Semi, has announced revenues surged 33.5% from a year ago to NT$234 million in August 2019. VPEC's revenues for the first eight months of 2019 totaled NT$1.57 billion, rising 9% on year.
August also marked the third consecutive month of over 10% on-year growth in revenues for VPEC.
VPEC has reportedly cut into the supply chains of Samsung and Huawei, and other major Android phone vendors who adopt VCSELs for applications such as handset power amplifiers, face-identification sensors and time-of-flight (ToF) camera lens.