Loading…
Taiwan mature-node foundry, TSMC-affiliated, specializing in display-driver, power-management and analog chips.
Taiwan mature-node foundry, TSMC-affiliated, specializing in display-driver, power-management and analog chips.
Makes chips to other companies' designs for a processing fee per wafer, on older, cheaper 8-inch production lines. Founded in 1994 with TSMC as lead partner, which is still its largest shareholder. Is building a 12-inch plant in Singapore with NXP under a 2024 deal.
In one line: A mature-node/analog-focused Taiwan foundry.
Moat: narrow (scale, process know-how, customer qualification). Long-standing specialty-process relationships and TSMC-affiliated capacity/technology access.
Headquarters: Hsinchu, Taiwan · Founded: 1994
Size Vanguard International Semiconductor (5347.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $6.82B, the 72nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$120.00 on 6 Nov 2026.
Performance Over six months the shares fell 22.1%, against -18.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 10.0% over the last twelve months (peer median +21.9%); the operating margin is 16.7% (peer median 5.2%).
Valuation It trades at 17.7× forward earnings against a peer median of 24.9× (6th cheapest of 17).
Capital Return on invested capital runs 3.7 points below its cost of capital (9.5% WACC).
Credit Vanguard International Semiconductor has 1 bond outstanding ($350M).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$51.7B | NT$48.6B | NT$44.1B | NT$38.3B | NT$51.7B |
| Revenue growth | — | +10% | +15% | -26% | — |
| Gross profit | NT$14.9B | NT$13.5B | NT$11.8B | NT$10.3B | NT$23.8B |
| EBITDA | NT$17.5B | NT$16.3B | NT$15.7B | NT$13.6B | NT$23.3B |
| Net income | NT$8.67B | NT$7.91B | NT$7.05B | NT$7.37B | NT$15.3B |
| Free cash flow | -NT$50.0B | -NT$37.8B | NT$8.81B | NT$1.90B | NT$15.2B |
| Capital expenditure | NT$83.6B | NT$64.0B | NT$16.1B | NT$6.90B | NT$19.7B |
| Total debt | NT$40.1B | NT$31.9B | NT$24.7B | NT$20.4B | NT$14.5B |
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 |
|---|---|---|---|---|---|---|
| Vanguard International Semiconductor 5347.TWO | $6.82B | -22% | +10% | 17% | 17.7× | n/a |
| United Micro Electronics 2303.TW | $34.9B | +11% | +13% | 21% | 13.7× | 14.2% |
| Powerchip Semiconductor Manufacturing 6770.TW | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% |
| Taiwan Semiconductor Manufactur 2330.TW | $1.67T | -5% | +36% | 58% | 15.0× | 10.1% |
| X-FAB Silicon Foundries XFAB.PA | $709M | -38% | -8% | 2% | n/a | n/a |
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 | 5347.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.8% | -20.7% | 4th lowest of 21 |
| 6-month return | -22.1% | -18.3% | 10th lowest of 21 |
| Distance from 52-week high | -46.2% | -52.2% | 7th highest of 21 |
| Revenue growth (TTM) | +10.0% | +21.9% | 6th lowest of 21 |
| Operating margin | 16.7% | 5.2% | 7th highest of 21 |
| Forward P/E | 17.7× | 24.9× | 6th cheapest of 17 |
| ROIC minus cost of capital | -3.7 pp | -5.6 pp | 10th highest of 21 |
| EV / EBITDA | 14.4× | 18.2× | 4th cheapest of 7 |
| Net debt / EBITDA | -0.3× | -1.5× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vanguard International Semiconductor 5347.TWO | Taiwan | $6.82B | -22% | +10% | 17% | 17.7× | n/a | n/a |
| Sanan Optoelectronics 600703.SS | China | $6.87B | -33% | -22% | -7% | n/a | n/a | n/a |
| Rohm 6963.T | Japan | $6.76B | -19% | +12% | 4% | 24.3× | n/a | n/a |
| Jinko Solar 688223.SS | China | $6.73B | -34% | -18% | -11% | n/a | n/a | n/a |
| Suzhou Maxwell Technologies 300751.SZ | China | $6.72B | -33% | -26% | 6% | 72.0× | 47.7% | +29.0% |
| Minebea Mitsumi 6479.T | Japan | $6.97B | -13% | +12% | 7% | 11.9× | 10.8% | +11.0% |
| Smartsens Technology (Shanghai) 688213.SS | China | $7.01B | +21% | +27% | 13% | 30.9× | 23.1% | +42.7% |
| Unigroup Guoxin Microelectronics 002049.SZ | China | $6.37B | -35% | -1% | 18% | 25.5× | 24.4% | +13.5% |
| FormFactor FORM | United States | $6.36B | -45% | +29% | 21% | 19.7× | 22.4% | +2.5% |
| GRINM Semiconductor Materials 688432.SS | China | $6.34B | +131% | +36% | 19% | 161.4× | n/a | n/a |
| Alchip Technologies Limitd 3661.TW | Taiwan | $7.35B | -32% | -51% | 23% | 14.4× | n/a | n/a |
| Silicon Laboratories SLAB | United States | $7.39B | +2% | +22% | -3% | 60.3× | n/a | n/a |
| WAAREE Energies WAAREEENER.NS | India | $7.41B | -24% | +75% | 16% | 17.3× | n/a | n/a |
| Powerchip Semiconductor Manufacturing 6770.TW | Taiwan | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% | +0.5% |
| Ingenic Semiconductor 300223.SZ | China | $7.59B | -15% | +89% | 35% | 16.7× | 21.3% | +16.9% |
| Shanghai Iluvatar CoreX Semiconductor 9903.HK | Hong Kong | $6.06B | -6% | +158% | -65% | n/a | n/a | n/a |
| Shanghai Biren Technology 6082.HK | Hong Kong | $6.03B | -67% | +542% | -47% | n/a | n/a | n/a |
| Tianshui Huatian Technology 002185.SZ | China | $7.74B | +10% | +33% | 4% | 45.0× | n/a | n/a |
| Yangzhou Yangjie Electronic Technology 300373.SZ | China | $5.99B | -3% | +29% | 18% | 22.4× | 18.1% | +22.3% |
| Hangzhou Silan Microelectronics 600460.SS | China | $5.93B | -18% | +12% | 2% | 41.1× | n/a | n/a |
| Beijing YanDong MicroElectronic 688172.SS | China | $5.86B | -26% | +22% | -89% | 63.3× | n/a | n/a |
Vanguard International Semiconductor has 1 bond outstanding with $350M face value.