Ferrotec (listed in Japan's JASDAQ, 6890. JP) announced last quarter (April June 2019) results after Japanese stock market on April 14: Sales of 8-inch silicon wafers increased, but sales of vacuum seal and other products were weak due to the restraint of equipment investment by memory and LCD / OLED manufacturers, which dragged down the consolidated revenue by 7.4% to 21.002 billion yen compared with the same period last year, with a large profit Decreased by 22.6% to 2.094 billion yen, while consolidated net income increased by 94.1% to 1.326 billion yen.

    Last quarter, Ferrotec's "semiconductor and other device related businesses (including silicon wafer, vacuum seal, quartz products, ceramic products, CVD SiC products, etc.)" revenue increased by 6.5% to 13.876 billion yen compared with the same period last year, with a significant decrease of 32.2% to 1.665 billion yen. Ferrotec pointed out that the 8-inch silicon wafer products of the Shanghai factory have been successively certified and the sales volume continues to increase. Ferrotec's Shanghai plant received technical assistance from global crystal (6488), the world's third largest semiconductor silicon wafer factory.

    Last quarter, Ferrotec's "electronic components business (including thermoelectric modules, ferrofluid, power control chip substrates and other products)" revenue increased by 14.5% to 3.259 billion yen and 39.1% to 714 million yen compared with the same period last year.

    Ferrotec maintains its financial forecast for the current year (April 2019 March 2020); consolidated revenue is expected to increase by 2.8% to 92 billion yen annually, consolidated operating profit will increase by 0.2% to 8.8 billion yen annually, and consolidated net profit will increase by 65.2% to 4.7 billion yen substantially.

    According to Yahoo Finance's offer, Ferrotec surged 13.89% to 935 yen as of 11:38 a.m. Taipei time on the 15th, outperforming the 1.35% decline in the JASDAQ index (11:35).

    Ferrotec announced on October 15, 2018 that its current 8-inch silicon wafer monthly production capacity is 100000 pieces, and the company plans to drop about 67 billion yen of expansion capacity, of which about 51 billion yen is used to build a new 8-inch silicon wafer production line with a monthly production capacity of 350000 pieces, and about 16 billion yen is used to build a 12 inch silicon wafer trial production line with a monthly production capacity of 30000 pieces.

    Ferrotec pointed out that the new 8-inch silicon wafer production line will be put into trial operation from April to June 2019 and mass production will start from October to December 2019, with the goal of increasing the capacity to full open state by the end of 2020; for the part of 12 inch silicon wafer, the specific mass production schedule has not yet been finalized.