GlobalWafers posts record profit, despite headwinds

GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, on Tuesday posted a record profit for last year on the back of more long-term supply agreements (LTA) with customers, despite industry headwinds.

Net profit grew 28.6 percent to NT$19.77 billion (US$626.2 million), compared with NT$15.37 billion in 2022. Earnings per share jumped to NT$45.41 from NT$35.31 the previous year.