Who are Win Semiconductors's main competitors?

Named competitors: Skyworks Solutions (SWKS), Qorvo (QRVO), Advanced Wireless Semiconductor (AWSC) (8086.TWO), Sanan Optoelectronics (600703.SS). The cockpit's measured peer set (industry) also includes Dosilicon (688110.SS), Allegro MicroSystems (ALGM), Impinj (PI), EverProX Technologies (300548.SZ), Hubei Feilihua Quartz Glass (300395.SZ), Zhejiang Quartz Crystal Optoelectronic Technology (002273.SZ).

How has Win Semiconductors stock performed?

Over six months to 6 Nov 2026 the shares returned -26.9% against -13.1% for the median peer; over one year +306.0%.

← CockpitCompetitor Analysis › 3105.TWO Win Semiconductors Corp.Open in the cockpit ↗

Win Semiconductors Corp.3105.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Semiconductors

World's largest pure-play GaAs foundry, making RF chips that power smartphone wireless connectivity.

≈ Taiwan's leading gallium-arsenide chip foundry, a niche TSMC for RF chipsMomentum neutral 50

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$5.19B

US dollars, full cap

Free float

80%

of shares outstanding

$/day

$386M

20-day average traded

Fwd P/E

28.5×

forward earnings

ROIC−WACC

-7.9 pp

WACC 11.3%

Hurdle

+57 pp

Req g minus delivered

Next earnings

91 days

5 Feb 2027

Close · TWDNT$406.00

1D-10.0%

1W-29.8%

1M-34.0%

3M+18.7%

6M-26.9%

YTD+121.9%

1Y+306.0%

ATR %10.4%

52w lowhigh36.3% off high

What Win Semiconductors does

World's largest pure-play GaAs foundry, making RF chips that power smartphone wireless connectivity.

Charges per processed wafer for chips designed by customers, so revenue follows smartphone and wireless-chip production at a handful of large customers, whose orders can swing from quarter to quarter. Its niche is a chip material few foundries still handle.

In one line: Taiwan's leading gallium-arsenide chip foundry, a niche TSMC for RF chips.

Products and services

RF power amplifier chips
GaAs foundry services
Optical/other compound semi chips

Customers

Fabless RF chip designers (Skyworks, Qorvo, Broadc

Where it sits in the supply chain

Semiconductors
Compound semiconductor foundry
GaAs RF power amplifier chips

What could go right

Smartphone RF content growth
5G/6G infrastructure demand

What could go wrong

Smartphone unit cyclicality
Customer concentration in a few fabless RF firms

Moat: narrow (scale, process know-how). Largest scale in a specialized GaAs foundry niche most peers have exited.

Headquarters: Taoyuan, Taiwan · Founded: 1999

Named competitors

Skyworks Solutions SWKS
Qorvo QRVO
Advanced Wireless Semiconductor (AWSC) 8086.TWO
Sanan Optoelectronics 600703.SS

Win Semiconductors at a glance

Size Win Semiconductors (3105.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $5.19B, the 88th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$406.00 on 6 Nov 2026.

Performance Over six months the shares fell 26.9%, against -13.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue grew 24.1% over the last twelve months (peer median +26.2%); the operating margin is 11.3% (peer median 17.5%).

Valuation It trades at 28.5× forward earnings against a peer median of 31.6× (9th cheapest of 18).

Price implies For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is -8%, so the hurdle is +57 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 7.9 points below its cost of capital (11.3% WACC).

Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Win Semiconductors against the median of its 20 peers (local-currency closes).

Win Semiconductors financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$19.1B	NT$16.6B	NT$17.5B	NT$15.8B	NT$18.3B
Revenue growth	—	-5%	+10%	-14%	—
Gross profit	NT$4.66B	NT$3.14B	NT$3.14B	NT$2.55B	NT$3.96B
EBITDA	NT$5.54B	NT$4.71B	NT$5.54B	NT$4.68B	NT$5.79B
Net income	NT$3.61B	NT$1.69B	NT$768M	-NT$79.7M	NT$1.80B
Free cash flow	NT$268M	NT$3.15B	NT$3.30B	NT$1.07B	-NT$532M
Capital expenditure	NT$2.41B	NT$1.76B	NT$1.33B	NT$3.30B	NT$7.36B
Total debt	NT$12.4B	NT$12.8B	NT$21.2B	NT$28.7B	NT$29.3B

Quarterly statements and history in the cockpit →

Win Semiconductors competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Win Semiconductors is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Win Semiconductors is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Win Semiconductors is the large dot.

Win Semiconductors competitors and peer comparison

Head to head with its named competitors (3105.TWO vs SWKS vs QRVO vs 8086.TWO)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Win Semiconductors 3105.TWO	$5.19B	-27%	+24%	11%	28.5×	48.8%
Skyworks Solutions SWKS	$19.3B	+24%	-3%	9%	14.3×	39.4%
Qorvo QRVO	n/a	+45%	n/a	n/a	n/a	n/a
Advanced Wireless Semiconductor 8086.TWO	$537M	-41%	+36%	23%	18.2×	6.3%
Sanan Optoelectronics 600703.SS	$6.87B	-33%	-22%	-7%	n/a	n/a

How Win Semiconductors compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Win Semiconductors against its 20 peers (data as of 6 Nov 2026)
Measure	3105.TWO	Peer median	Rank in peer set
1-month return	-34.0%	-12.1%	3rd lowest of 21
6-month return	-26.9%	-13.1%	10th lowest of 20
Distance from 52-week high	-36.3%	-46.9%	6th highest of 21
Revenue growth (TTM)	+24.1%	+26.2%	10th lowest of 21
Operating margin	11.3%	17.5%	7th lowest of 21
Forward P/E	28.5×	31.6×	9th cheapest of 18
Growth the price implies (Req g, 7 yrs)	48.8%	26.8%	most demanding of 13
Growth delivered (Del g)	-8.2%	+17.7%	lowest of 13
Hurdle (Req g minus delivered)	+57.1 pp	+8.3 pp	most demanding of 13
ROIC minus cost of capital	-7.9 pp	+1.1 pp	4th lowest of 21
EV / EBITDA	32.3×	13.7×	3rd most expensive of 6
Net debt / EBITDA	1.2×	0.6×	3rd most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Win Semiconductors 3105.TWO	Taiwan	$5.19B	-27%	+24%	11%	28.5×	48.8%	-8.2%
Dosilicon 688110.SS	China	$5.13B	-7%	+375%	54%	27.4×	23.6%	+3.3%
Allegro MicroSystems ALGM	United States	$5.25B	-42%	+28%	9%	22.1×	45.3%	+8.5%
Impinj PI	United States	$5.28B	+12%	+8%	-1%	62.6×	47.2%	+21.1%
EverProX Technologies 300548.SZ	China	$5.04B	-59%	+64%	35%	33.5×	30.9%	+26.6%
Hubei Feilihua Quartz Glass 300395.SZ	China	$5.35B	-38%	+50%	24%	52.7×	n/a	n/a
Zhejiang Quartz Crystal Optoelectronic Technology 002273.SZ	China	$5.03B	-28%	+19%	18%	24.9×	16.9%	+16.5%
GalaxyCore 688728.SS	China	$5.41B	+1%	+16%	3%	86.7×	28.8%	+3.8%
Sigmastar Technology 301536.SZ	China	$5.41B	+4%	+99%	31%	n/a	19.6%	+20.0%
MaxOne Semiconductor (Suzhou) 688809.SS	China	$4.90B	+2%	+57%	39%	n/a	n/a	n/a
Silicon Motion Technology Corporation Sponsored ADR SIMO	United States	$5.52B	-36%	+104%	21%	8.4×	n/a	n/a
CSI Solar 688472.SS	China	$4.87B	-37%	-36%	-2%	48.8×	n/a	n/a
Espressif Systems (Shanghai) 688018.SS	China	$5.61B	+30%	+23%	19%	48.8×	36.0%	+25.3%
TCL Zhonghuan Renewable Energy Technology 002129.SZ	China	$5.68B	+9%	+13%	-27%	n/a	n/a	n/a
Cirrus Logic CRUS	United States	$5.69B	-34%	+6%	23%	16.9×	1.5%	+7.8%
Henan Shijia Photons Technology 688313.SS	China	$5.72B	-36%	+73%	22%	47.9×	n/a	n/a
SG Micro 3661.HK	Hong Kong	$5.78B	n/a	+54%	17%	38.7×	3.4%	+25.8%
Synaptics SYNA	United States	$4.63B	-7%	+11%	-3%	21.6×	34.6%	-2.2%
Amlogic (Shanghai) 688099.SS	China	$5.84B	-13%	+39%	17%	22.4×	n/a	n/a
Powertech Technology 6239.TW	Taiwan	$4.61B	-11%	+24%	13%	13.2×	n/a	n/a
Shanghai Fudan Microelectronics 688385.SS	China	$4.60B	-31%	+15%	12%	31.6×	24.8%	+18.9%

Questions

Who are Win Semiconductors's main competitors?: Named competitors: Skyworks Solutions (SWKS), Qorvo (QRVO), Advanced Wireless Semiconductor (AWSC) (8086.TWO), Sanan Optoelectronics (600703.SS). The cockpit's measured peer set (industry) also includes Dosilicon (688110.SS), Allegro MicroSystems (ALGM), Impinj (PI), EverProX Technologies (300548.SZ), Hubei Feilihua Quartz Glass (300395.SZ), Zhejiang Quartz Crystal Optoelectronic Technology (002273.SZ).
Is Win Semiconductors expensive compared with its peers?: On forward p/e it trades at 28.5× against a peer median of 31.6×, 9th cheapest of 18 in its peer set. For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is -8%, so the hurdle is +57 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Win Semiconductors stock performed?: Over six months to 6 Nov 2026 the shares returned -26.9% against -13.1% for the median peer; over one year +306.0%.