Powerchip Semiconductor Manufacturing Co., Ltd. (PSMC for short) held a investor conference for the second quarter of 2024 on the 16th. The company's self-reported revenue for the second quarter was NT$11.123 billion, a quarterly increase of 3%. Compared with the same period, it also increased slightly by 1%. Benefiting from rising demand in downstream markets such as mobile phones, laptops, automobiles and Internet communications, revenue is expected to continue to rise slowly in the third quarter of this year.

According to PSMC's self-reported financial figures, the overall gross profit margin in the second quarter of this year was 5.3%, and the loss per share was NT$0.47; the cumulative loss per share in the first half of the year was NT$0.58. The company pointed out that the main reason for the decline in gross profit was that the Tongluo plant started trial production. The low capacity utilization rate in the initial stage of the new plant had a significant impact on the gross profit margin. It is expected that this trial production process will still have an impact on the gross profit margin of PSMC in the second half of this year. However, the inventory of downstream customers is currently healthy and the visibility of orders placed in the third quarter is stable, so the company expects revenue to increase slightly quarter by quarter. The capacity utilization rates of 12-inch and 8-inch wafer fabs (except the new Tongluo fab) are also expected to climb to 80% and 70% respectively.

In response to external concerns about the overseas technology cooperation plans, PSMC reiterated that the company is only engaged in pure technology transfer and must have positive benefits on PSMC's financial statements and cash flow to assist the development of the company's new Tongluo plant; due to individual all overseas technology transfer partners have applied for subsidies from the governments of various countries. PSMC does not participate in the cooperation partners' applications for government subsidies, nor does it assume the operational, legal and financial guarantee responsibilities derived from government subsidies; PSMC also requires the partner must have a complete and reasonable operating plan (including customer orders) to ensure continued operations, and a clear and feasible financial plan to support the execution of technology transfer, factory construction and other plans. According to the agreement, the company will assist its partners in building fabs, training technical staff, and providing mature process technology.