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TSMC-affiliated ASIC design-service company that turns customers' chip specs into manufacturable silicon, especially AI/HPC ASICs.
TSMC-affiliated ASIC design-service company that turns customers' chip specs into manufacturable silicon, especially AI/HPC ASICs.
Earns design fees up front from customers, then larger revenue from managing chip production through TSMC and its packaging partners, buying wafers and selling finished chips back, so revenue is lumpy and swings with a few projects. TSMC is its largest shareholder.
In one line: Taiwan's version of Broadcom/Marvell's custom-ASIC business, tied closely to TSMC.
Moat: narrow (process know-how, IP / patents, customer qualification). Deep access to TSMC's advanced processes and design IP; long, sticky design-in cycles with each customer.
Headquarters: Hsinchu, Taiwan · Founded: 1998
Size Global Unichip (3443.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $25.1B, the 21st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$6,205 on 6 Nov 2026.
Performance Over six months the shares gained 28.9%, against -20.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 103.5% over the last twelve months (peer median +24.4%); the operating margin is 12.9% (peer median 20.6%).
Valuation It trades at 50.1× forward earnings against a peer median of 16.2× (5th most expensive of 18).
Capital Return on invested capital runs 73.9 points above its cost of capital (13.9% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$56.5B | NT$34.1B | NT$25.0B | NT$26.2B | NT$24.0B |
| Revenue growth | — | +36% | -5% | +9% | — |
| Gross profit | NT$11.6B | NT$7.82B | NT$7.53B | NT$7.41B | NT$7.72B |
| EBITDA | NT$8.11B | NT$5.03B | NT$4.43B | NT$4.58B | NT$4.75B |
| Net income | NT$6.63B | NT$3.77B | NT$3.45B | NT$3.51B | NT$3.71B |
| Free cash flow | NT$2.89B | -NT$1.80B | NT$5.92B | NT$4.50B | NT$1.31B |
| Capital expenditure | NT$1.76B | NT$1.17B | NT$832M | NT$478M | NT$680M |
| Total debt | NT$411M | NT$270M | NT$187M | NT$251M | NT$284M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Global Unichip 3443.TW | $25.1B | +29% | +104% | 13% | 50.1× | n/a |
| Alchip Technologies Limitd 3661.TW | $7.35B | -32% | -51% | 23% | 14.4× | n/a |
| Broadcom AVGO | $1.40T | -32% | +49% | 49% | 16.9× | 26.6% |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 25.0× | 54.4% |
| Faraday Technology 3035.TW | $1.26B | -9% | -32% | 5% | 29.6× | 25.2% |
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.
| Measure | 3443.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.9% | -21.7% | 7th lowest of 21 |
| 6-month return | +28.9% | -20.5% | 2nd highest of 20 |
| Distance from 52-week high | -29.1% | -53.1% | 2nd highest of 21 |
| Revenue growth (TTM) | +103.5% | +24.4% | 6th highest of 20 |
| Operating margin | 12.9% | 20.6% | 6th lowest of 18 |
| Forward P/E | 50.1× | 16.2× | 5th most expensive of 18 |
| ROIC minus cost of capital | +73.9 pp | +0.3 pp | highest of 18 |
| Net debt / EBITDA | -1.1× | -0.4× | 2nd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Global Unichip 3443.TW | Taiwan | $25.1B | +29% | +104% | 13% | 50.1× | n/a | n/a |
| GigaDevice Semiconductor 3986.HK | Hong Kong | $25.1B | -43% | +181% | 50% | 11.6× | -8.8% | +14.6% |
| Moore Threads Technology 688795.SS | China | $25.1B | -53% | +226% | -9% | n/a | n/a | n/a |
| Montage Technology 688008.SS | China | $25.5B | -13% | +33% | 42% | 43.7× | 39.7% | +24.5% |
| Hua Hong Grace Semiconductor 688347.SS | China | $25.5B | +23% | +18% | -2% | 234.7× | n/a | n/a |
| ON Semiconductor ON | United States | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% | +2.7% |
| Shanghai Enflame Technology 688801.SS | China | $23.8B | n/a | n/a | n/a | n/a | n/a | n/a |
| SJ Semiconductor 688820.SS | China | $22.9B | -21% | +1% | n/a | 136.4× | n/a | n/a |
| Renesas Electronics 6723.T | Japan | $27.9B | -23% | +26% | 24% | 9.9× | 12.2% | +13.0% |
| Piotech 688072.SS | China | $21.7B | +23% | +24% | 14% | 55.5× | 43.5% | +71.7% |
| First Solar FSLR | United States | $21.6B | -9% | -1% | 39% | 9.2× | 12.4% | +14.0% |
| MetaX Integrated Circuits (Shanghai) 688802.SS | China | $29.5B | -35% | +84% | n/a | 469.5× | n/a | n/a |
| GlobalFoundries GFS | United States | $21.2B | -48% | +1% | 12% | 16.2× | 24.9% | +7.0% |
| Microchip Technology MCHP | United States | $31.7B | -41% | +21% | 16% | 14.5× | 34.2% | -2.8% |
| Suzhou TFC Optical Communication 300394.SZ | China | $19.9B | -44% | +26% | 51% | 36.3× | 44.8% | +42.7% |
| Skyworks Solutions SWKS | United States | $19.3B | +24% | -3% | 9% | 14.3× | 39.4% | -5.0% |
| Astera Labs ALAB | United States | $33.1B | -5% | +115% | 26% | 28.0× | n/a | n/a |
| DapuStor 301666.SZ | China | $18.8B | +20% | +611% | 23% | n/a | n/a | n/a |
| United Micro Electronics 2303.TW | Taiwan | $34.9B | +11% | +13% | 21% | 13.7× | 14.2% | +6.1% |
| Nanya Technology 2408.TW | Taiwan | $35.8B | +34% | +586% | 71% | 2.9× | 0.6% | +1.8% |
| STMicroelectronics STMPA.PA | France | $37.7B | -32% | +10% | 7% | 31.4× | 34.0% | +3.1% |