WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the first quarter of 2022 and business outlook. Consolidated revenue for the first quarter of 2022 was NT$127.9bn (US$4.57bn approximately), up 31% year on year, net profit after tax attributable to owners of the parent was NT$2,218mn (US$79.3mn approximately), up 47% year on year, and EPS was NT$2.77 based on weighted average outstanding shares.

For the outlook of the second quarter of 2022, consolidated revenue is expected to be between NT$116bn to NT$124bn (US$3.96bn to US$4.23bn approximately), up 17.5% year on year at mid-point. Operating profit margin is expected to be 2.6% to 2.8%. For the outlook by applications, mobile phone segment is expected to decline quarter on quarter due to continued seasonal inventory adjustment. Non mobile phone segments are expected to grow slightly quarter on quarter and double-digit year on year due to sustained demand, especially stronger quarter on quarter and year on year growth for star applications like Automotive, Industrial & Instrument, and Communication that WT has invested significant resource.

According to Gartner, during year 2016 to 2021, APAC semiconductor industry share continues increasing, portion of APAC semiconductor distribution industry continues rising, and WT’s market share in APAC semiconductor distribution industry has increased from 6.0% to 10.1%, who is the company with the strongest market share gain. Despite of the recent uncertainty of global macro economies and geopolitical issue, WT keeps optimistic view on the long-term demand growth outlook of semiconductor market. WT will continue investing in high growth product applications such as electric vehicle, energy management, cloud datacenter, and 5G related products to pursue continued market share increase and sustainable profit growth in the long-term.

WT has honored the overall top 5% best result in the 8th governance ranking. WT has won these performance the second time in a row, which shows corporate team work effort obtaining affirmation. According to the top 4 performance indicators, which are maintaining shareholder equity, strengthening board of director structure and operation, improving information transparency, and implementing corporate social responsibility, WT will continue reviewing and improving in order to further enhance corporate governance performance.