Foxsemicon Integrated Technology Co. is set to double its production capacity with two new facilities in Thailand, as the semiconductor equipment manufacturer responds to growing demand from advanced chip manufacturing. The first plant will start operations in early 2025.
The company maintained full capacity utilization since the third quarter, despite foreign exchange losses impacting its earnings. Net income for the first nine months reached NT$1.82 billion ($57.5 million), up 22.75% from the previous year, with earnings per share of NT$17.79.
The company secured orders for 2-nanometer chip production equipment from a major foundry, driving its expansion plans. The first Thailand facility, opening next month, will boost capacity by 15-20% initially. Once both plants are operational, total capacity will double from current levels.
Market analysts expect Foxsemicon’s fourth-quarter performance to improve without the currency headwinds that cost it NT$1.77 per share in the third quarter. Full-year earnings are projected to reach the second-highest level in company history, with potential to match the 2022 record.
The capacity expansion comes as semiconductor manufacturers accelerate investment in advanced node production, particularly for 2nm technology, which is expected to drive equipment demand over the next several years.
