Capacity expansion on track

  • Revenue surged 95% to US$6bn, beating management’s guidance by 6%, attributable to strong shipment growth 
  • Net profit rose 211% y-o-y to US$1,030m, ahead of the market consensus by 25% due to the wafer ASP hike
  •  New foundry capacity is expected to start production in 2Q to 3Q under smooth expansion and strong demand 
  • Maintain BUY due to smooth capacity expansion and increasing ROE in FY22-24