World Advanced, a prominent player in the semiconductor industry, has announced its financial results for May, showing a consolidated revenue of NT$3.57 billion. This represents a 5.37% growth from the previous month and a 13.73% increase from the same period in the previous year. The revenue for May is the second-highest of the year, only surpassed by the results in March. The cumulative revenue for the first five months of the year has reached NT$16.592 billion, reflecting a robust 11.38% year-on-year increase.

Looking ahead to the second quarter, World Advanced has previously stated that it expects a 17% to 19% sequential increase in wafer shipments, driven by a recovery in demand for large-size driver ICs and power management ICs. However, the average selling price per product is expected to decrease by about 2% to 4% quarter-on-quarter, with a gross margin projected to be between 25% and 27%.

Regarding the market outlook for the second half of the year, Chairman Fang Lue expressed that the overall semiconductor industry is expected to experience a moderate recovery in 2024. He also noted that the second half of the year is anticipated to be better than the first half, suggesting that the operational momentum is expected to gradually strengthen as the year progresses.

In terms of the wafer pricing trend, World Advanced has identified the intense price competition from mainland China over the past two years as the biggest challenge. Chairman Fang Lue reiterated that World Advanced will not engage in price wars but will instead focus on providing competitive technology tailored to the long-term needs of its clients, striving to excel in technology and capacity.

With this strategic approach, World Advanced is poised to navigate the market dynamics effectively, aiming for a stronger performance in the latter half of the year and reinforcing its commitment to innovation and customer-centric solutions.