Powerchip Semiconductor posts NT$3.81bn net profit
TURNAROUND:
Healthy demand helped boost chip prices and revenue, which rose 37.24% to NT$45.68 billion last year, making the firm profitable again
By Lisa Wang / Staff reporter
Powerchip Semiconductor Manufacturing Corp (力積電) swung back into the black last year, reporting a net profit of NT$3.81 billion (US$134.51 million) attributable to healthy demand mainly for power management ICs and driver ICs for flat panels, the company said in a filing with the Taiwan Stock Exchange on Tuesday.
That translates into earnings per share of NT$1.23.
In 2019, Powerchip reported a loss of NT$1.48 billion, or losses per share of NT$0.94. Gross margin improved significantly to 24.06 percent last year, from 8.36 percent a year earlier.