WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the second quarter of 2022 and business outlook. Consolidated revenue for the second quarter of 2022 was NT$130.1bn (US$4.42bn approximately), up 27% year on year, net profit after tax attributable to owners of the parent was NT$2,206mn (US$74.9mn approximately), up 10% year on year, and EPS was NT$2.25 based on weighted average outstanding shares. Consolidated revenue for the first half of 2022 was NT$258bn (US$8.99bn approximately), up 29% year on year, net profit after tax attributable to owners of the parent was NT$4,424mn (US$154.1mn approximately), up 26% year on year, and EPS was NT$5.0 based on weighted average outstanding shares.

For the outlook of the third quarter of 2022, because semiconductor market is in inventory adjustment period, consolidated revenue is expected to be between NT$132bn to NT$140bn (US$4.41bn to US$4.68bn approximately), up 4.5% quarter on quarter and 14.2% year on year at mid-point. Net profit after tax attributable to owners of the parent is expected to be between NT$1,762mn to NT$2,103mn (US$59.0mn to US$70.3mn approximately) and EPS based on weighted average outstanding shares is expected to be between NT$2.01 to NT$2.39.

Despite of the recent global macro economies and semiconductor industry in the down-cycle, WT will continue investing in the high-growth products and applications such as Wide Band Gap (WBG), electric vehicle, energy management, cloud datacenter, and 5G related products to pursue continued market share expansion and sustainable operating profit growth in the long-term.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for June 2022 totaled NT$43.4 billion (US$1,466 million approximately), an increase of 3% from May 2022 and an increase of 31% over June 2021. Sales for the second quarter 2022 reached NT$130.1 billion (US$4,416 million approximately), above the high-end of guidance of NT$124bn , an increase of 2% from the first quarter 2022, and an increase of 27% compared with the second quarter 2021. Aggregated sales for January to June 2022 totaled NT$258.1 billion (US$8,988 million approximately), an increase of 29% compared with the same period in 2021.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for May 2022 totaled NT$42.3 billion (US$1,426 million approximately), a decrease of 5% from April 2022 and an increase of 28% over May 2021. Aggregated sales for January to May 2022 totaled NT$214.6 billion (US$7,522 million approximately), an increase of 29% compared with the same period in 2021.

WT Microelectronics (3036 TT) (“WT”) held 2022 shareholders annual general meeting (AGM) today and re-elected the tenth term directors. Physical meeting and videoconferencing were held simultaneously for the first time due to current pandemic situation.

The period of the ninth term directors will end as of June 20, 2022. The tenth term directors re-election was held and AGM elected Cheng, Wen-Tsung, Hsu, Wen-Hung (representative of Wen You Investment Co., Ltd.), Lin Che-Wei (representative of ASMedia Technology Inc.), Sung Kao, Hsin-Ming as directors, and elected Ding, Kung-Wha, Cheng, Tien-Chong, Kung, Ju-Chin as independent directors. There are three female board members and ratio of female board members is 43%. Following the commitment of a diversified board of directors, the elected directors and independent directors have rich professional qualifications in the fields of technology industry, management, finance and taxation, accounting, commerce and so on.

In response to the FSC’s encouragement of issuers to hold AGM in a diversified manner, WT used videoconferencing assisted (hybrid) methods to hold AGM for the first time, so that shareholders can participate in AGM with peace of mind and pandemic prevention. The physical venues have also followed the guidelines of the competent authorities for pandemic prevention operations. The regulations include measuring temperature & sanitizing hand, planning queuing and entry & exit lines, maintaining social distance, adopting fixed seating, requiring the wearing of masks and prohibiting eating & drinking, and so on.

In addition to the approval of the 2021 business report and financial statements and 2021 earnings distribution of cash dividends, AGM passed the amendments to the “Articles of Incorporation”, “The Rules of Procedure of the Shareholders’ Meeting” and the “Procedures for the Acquisition or Disposal of Assets”. In addition, AGM also passed the issuance of new Restricted Employee Shares and cash capital increase within 80 million common shares. All proposals were passed smoothly.

WT has been honored the overall top 5% best result in the 8th governance ranking by TWSE. WT has won these performance for the second time in a row, which shows corporate team work effort of the implementation of corporate sustainability and the promotion of corporate governance have been affirmed again.

Looking forward to Year 2022, Cheng, Wen-Tsung, chairman of WT, said that in the face of the continued global pandemic, the transformation of the technology supply chain and the acceleration of global digitization, WT will continue to improve the layout of the Asia Pacific semiconductor market and enlarge market share and profitability.

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.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for April 2022 totaled NT$44.3 billion (US$1,523 million approximately), a decrease of 6% from March 2022 and an increase of 24% over April 2021. Aggregated sales for January to April 2022 totaled NT$172.3 billion (US$6,096 million approximately), an increase of 29% compared with the same period in 2021.

WT Microelectronics Co., Ltd. (3036 TT) (“WT”) has honored the overall top 5% best result and the top 10% best result for over NT$10bn market capital electronic stocks in the 8th governance ranking. WT has won these performance the second time in a row.

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 appreciates our team work effort obtaining affirmation and thinks our performance can be improved continuously by annual internal review. No matter facing any challenges and changes in the future, WT will continue to play critical role to improve our performance.

Established in 1993, WT is a global leading semiconductor distributor, focusing on high quality and value added business, to pursue profit growth and competitive advantage strengthening. After outperformed growth in many years, WT’s consolidated revenue in Y2021 reached US$16bn approximately, and WT currently serves as the distribution partner for over 80 global leading semiconductor partners and provides services to over 8,000 quality customers.

This governance ranking is held by Securities & Futures Institute (SFI) co-appointed by Taiwan Stock Exchange (TWSE) and Taipei Exchange (TPEx), which is the most meaningful ranking in Taiwan. There are totaling 1639 companies with 913 companies in TWSE and 726 companies in TPEx participating this evaluation, which can strengthen corporate governance level and healthy competition, and also transform corporate governance into corporate organization culture voluntarily.

WT Microelectronics Co., Ltd. (TWSE: 3036) (“WT”) and Excelpoint Technology Ltd. (SGX: BDF) (“Excelpoint”) today announced that WT, through its wholly owned subsidiary WT Semiconductor Pte. Ltd. (“Acquiring Entity”), and Excelpoint have entered into a definitive agreement pursuant to which WT, through the Acquiring Entity, will acquire 100% equity in Excelpoint by way of a scheme of arrangement (“Scheme”) at a cash consideration of S$1.93 per Excelpoint share. The transaction, which values 100% equity of Excelpoint at over S$232.2 million, is expected to close in the third quarter of 2022, subject to, among others, the approvals of Excelpoint shareholders and relevant regulatory authorities as well as the sanction of the Scheme by the Singapore High Court. The founder and CEO of Excelpoint, Mr. Albert Phuay, will reinvest part of the cash consideration due to him under the Scheme in 20% equity of the Acquiring Entity, with the balance 80% stake owned by WT. Mr. Albert Phuay will continue to be the CEO of Excelpoint.

In 2021, amidst continued Covid-19 pandemic and uncertain macroeconomic environment, Excelpoint achieved strong growth in revenue and operating profitability. Excelpoint’s consolidated revenue, operating income and net income amounted to US$1,598.5m, US$30.5m and US$24.5m in FY2021, representing year-on-year growth of 44.2%, 148.3% and 137.2% respectively compared with FY2020. Excelpoint’s emphasis on strengthening its engineering expertise and capabilities to develop more technology solutions alongside its partners adds value to the company’s business, ensuring its sustainability and relevance to market needs. This strategy has given Excelpoint a competitive edge and its strong positioning in today’s market.

Excelpoint was listed in the Singapore stock exchange in 2004. Through the years, the company has built and grew its businesses based on its strong fundamentals, including the long-term trusted relationships with Excelpoint’s suppliers, such as Analog Device (ADI), Microchip, Qorvo, Qualcomm, and Samsung, among others. The company continues to expand its customer base and now works closely with over 4,000 customers.

WT, founded in 1993, is one of the global leading distributors of semiconductor components. WT has focused on high quality and value-driven businesses to pursue profitable growth and drive competitive advantages. After years of higher-than-industry growth, it achieved a revenue of close to US$16 billion in 2021. WT currently partners with over 80 suppliers across every major technology segment to serve over 8,000 customers worldwide.

There are strong synergies between both companies, who are believers of value-adding to partners. The enhanced complementary product line offerings will allow for business expansion. Most importantly, with the experienced teams and footprints from both companies, customers will benefit from the extensive product solutions and technical support provided by the WT group, allowing them earlier access to the market.

In addition, the established customer bases combined would significantly improve the distribution capabilities and customer portfolios of WT in the Asia Pacific region. Cross selling of various products to the customers of Excelpoint and WT would not only realize potential synergies for the enlarged WT group, but also bring more demand creation opportunities for the suppliers.

WT Microelectronics Co., Ltd. (3036 TT) (“WT”) has successfully priced its first GDS offering of US$190 million at US$12.18 per GDS. This GDS offering marks the first international offering for WT with 15.6 million GDSs, representing 78 million common shares of WT, to be listed on the Luxembourg Stock Exchange. Despite market uncertainty due to interest rate hikes and political tensions, investors still showed confidence in WT’s recent stellar operating performance and future growth trajectory. The GDS offering attracted numerous long-only and high-quality institution investors globally, and the book was multiple times over-subscribed shortly after deal launch.

WT launched the GDS offering to strengthen its working capital, to continue its investments in fast-growing applications driven by strong demand in the semiconductor market, and to propel WT’s future growth. The GDS offering not only enhances WT’s international visibility and attracts international quality investors into the company, it also helps strengthen WT’s capital structure. WT remains optimistic on the long-term demand outlook of the semiconductor market and will continue to invest in fast-growing applications such as electric vehicle, energy management, datacenter and 5G related products to deliver outsized growth relative to the industry and to drive market share expansion. In addition, WT will continue the effort in digitalization to improve operational efficiency and reduce operating expense ratio to achieve long-term, sustainable operating margin improvement and profit growth.

Citigroup Global Markets Limited acted as the Sole Global Coordinator and Sole Bookrunner for the GDS offering.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for March 2022 totaled NT$47.2billion (US$1,664 million approximately), an increase of 45% from February 2022 and an increase of 40% over March 2021. Aggregated sales for the first quarter 2022 totaled NT$127.9 billion (US$4,572 million approximately), an increase of 31% compared with the same period in 2021, above high end of guidance (NT$115 billion ~ NT$121 billion).