WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the fourth quarter of 2022 and business outlook. Consolidated revenue for the fourth quarter of 2022 was NT$157.5bn (US$5.04bn approximately), up 22% year on year, net profit after tax attributable to owners of the parent was NT$1,149mn (US$36.7mn approximately), and EPS was NT$1.31 based on weighted average outstanding shares. Accumulated consolidated revenue for the year of 2022 was NT$571.2bn (US$19.2bn approximately), up 28% year on year, net profit after tax attributable to owners of the parent was NT$7,631mn (US$256.2mn approximately), down 4% year on year, and EPS was NT$8.61 based on weighted average outstanding shares.

For the outlook of the first quarter of 2023, based on the exchange rate assumption of one US dollar to 30.3 NT dollar, consolidated revenue is expected to be between NT$112bn to NT$120bn (US$3.70bn to US$3.96bn approximately). Net profit after tax attributable to owners of the parent is expected to be between NT$535mn to NT$727mn (US$17.7mn to US$24.0mn approximately) and EPS based on weighted average outstanding shares is expected to be between NT$0.61 to NT$0.83.

Despite of the uncertainty of global macro economies and inventory adjustment in semiconductor industry, global professional market research institution – Gartner forecasts semiconductor industry to grow at 5.8% CAGR during the year of 2022 to 2026. Therefore, WT keeps optimistic view on the long term demand growth outlook of semiconductor market. WT will continue cultivating the high-growth products and applications such as Wide Band Gap (WBG), electric vehicle, energy management, cloud datacenter, and 5G related products to pursue outperformed growth and market share expansion. In addition, WT will continue executing digital optimization and refining operation management system to improve operation efficiency.