Win Semiconductors Corp. forecast revenue growth of 11-14% for the second quarter of 2025, signaling a potential turnaround after reporting disappointing first-quarter results that showed a 20% year-on-year decline in revenue.
The world’s largest gallium arsenide foundry expects its capacity utilization to improve from the current 35% level, driven primarily by strong demand for WiFi power amplifiers, according to President Steven Chen. Optical products not related to 3D sensing applications are also showing robust growth, now accounting for 40% of the company’s optical business.
“The impact from US reciprocal tariffs will be limited to low single digits,” Chen said during Wednesday’s earnings call, though he cautioned that longer-term effects on end-market demand require careful monitoring.
Win Semi reported first-quarter revenue of NT$3.58 billion (US$110 million), a 3.5% decline from the previous quarter. Gross margin fell to 16.7% while operating margin slipped into negative territory at -6.1%. Despite the operational challenges, the company managed to post a net profit of NT$160 million, translating to earnings per share of NT$0.04.
The company’s recovery appears aligned with new product cycles, with cellular power amplifiers also expected to grow in the second quarter as manufacturers prepare for new smartphone launches in the second half of the year. Only its infrastructure business faces a slight decline in the coming quarter.
