PSMC: Price Hike Benefits Expected to Show in June; Operations to Improve Over Next 2 Years
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AI Summary (NQ-processed)
PSMC expects a significant revenue boost starting in June due to foundry price hikes. Aided by soaring memory prices and its partnership with Micron, the company foresees sustained growth over the next two years.
AI Analysis
Frequently Asked Questions
- Q: When was the transfer of the Tongluo plant's property rights to Micron completed?
- A: The transfer of the property rights was completed in March.
- Q: How did PSMC's core business perform in the first quarter despite the burden of the Tongluo plant?
- A: The core business of PSMC still successfully turned a profit in the first quarter.
- Q: What action did the company take regarding foundry prices in the first quarter?
- A: The company began raising foundry prices in the first quarter and set prices at the time of wafer starts.
- Q: What is expected to drive the company's revenue upwards in June?
- A: The wafers starts with higher foundry prices set in the first quarter are expected to be produced in June.
- Q: How long will it take for the benefits of the partnership with Micron to manifest?
- A: The benefits of the partnership with Micron will gradually manifest in one and a half to two years.