Power Semiconductor Manufacturing Co., Ltd. reported a mixed financial performance in September, with revenue reaching NT$3.9 billion ($123 million), marking an 11.42% year-on-year increase despite a slight 1.18% month-on-month decline.
The Taiwanese chipmaker’s third-quarter revenue climbed to NT$11.65 billion ($368 million), representing a 4.74% increase from the previous quarter and a 12% rise year-over-year. For the first nine months of the year, the company’s cumulative revenue stood at NT$33.594 billion ($1.06 billion), up 2.23% compared to the same period last year.
While Power Semiconductor’s quarterly performance shows signs of improvement, market analysts remain cautious about the company’s near-term profitability. The pressure to turn a profit in a single quarter remains high, primarily due to depreciation costs associated with new manufacturing facilities.
The semiconductor industry continues to navigate a complex landscape of supply chain challenges and fluctuating demand. Power Semiconductor’s ability to maintain revenue growth in this environment suggests resilience, but the company may need to address cost management to improve its bottom line.
