Wafer foundry manufacturer VIS’s consolidated revenue in December was approximately NT$3.51 billion, a year-on-year increase of 24.59% and a month-on-month increase of 20.12%, indicating that demand for wafer foundry is recovering. However, full-year revenue in 2023 still fell 25.96% year-on-year to NT$38.273 billion. VIS had previously expected that wafer shipments would decrease by approximately 8%-10% quarter-to-quarter, the average product sales unit price would decrease by between 0%-2% quarter-on-quarter, and the gross profit margin would be between 22%-24%.

Fang Lue, chairman of VIS, said that the current visibility is about 2 to 3 months, and competition in the mature process market may intensify. However, there are opportunities at the same time, and the performance in 2024 is expected to be better than that in 2023. In order to give back to employees, salary increases will continue this year.