24 November 2011

GaAs foundry WIN to list on Taiwan’s OTC market

Taiwan’s WIN Semiconductors Corp (the world’s largest pure-play gallium arsenide foundry) is scheduled to be listed on Taiwan's over-the-counter (OTC) market on 13 December at NT$32 (US$1.05) per share, according to a Chinese-language cnYES report, reports Digitimes. The firm is currently traded on Taiwan’s Emerging Stock Board (ESB).

WIN provides foundry services for GaAs components used in handsets including smartphones. The firm has reportedly penetrated the supply chain for Apple devices. AvagoTechnologies and Skyworks Solutions Inc are among its major clients. WIN has hence seen the visibility of its orders extend through 2012, says chairman Dennis Chen, according to the report.

For the first three quarters of 2011, WIN reported net profit of NT$661m (US$21.7m) on revenue of NT$6.26bn, or US$206m (up 21.1% year-on-year).

Tags: WIN Semiconductors GaAs

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