Loading…
World's third-largest maker of silicon wafers, the base material semiconductor fabs etch chips onto.
World's third-largest maker of silicon wafers, the base material semiconductor fabs etch chips onto.
Sells wafers under multi-year supply agreements that chipmakers qualify before ordering, so earnings swing with fab utilization more than with price. It became a top-three maker by buying SunEdison Semiconductor in 2016; a bid for Germany's Siltronic failed in 2022. A new Texas plant is being built with US government support.
In one line: Taiwan's version of a pure-play silicon-wafer supplier like SunEdison Semiconductor was.
Moat: narrow (scale, process know-how, customer qualification). Wafer quality must be re-qualified per fab; top-3 global scale gives cost and capacity advantages.
Headquarters: Hsinchu, Taiwan · Founded: 2011
Size GlobalWafers (6488.TWO) is a Taiwan Industrials company (Industrial Machinery) with a market value of $8.15B, the 63rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$512.00 on 6 Nov 2026.
Performance Over six months the shares fell 23.1%, against -16.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 6.2% over the last twelve months (peer median +12.4%); the operating margin is 11.5% (peer median 12.5%).
Valuation It trades at 21.4× forward earnings against a peer median of 22.2× (10th cheapest of 21).
Capital Return on invested capital runs 7.0 points below its cost of capital (10.7% WACC).
Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$58.6B | NT$60.6B | NT$62.6B | NT$70.7B | NT$70.3B |
| Revenue growth | — | -3% | -11% | +1% | — |
| Gross profit | NT$19.1B | NT$14.4B | NT$19.6B | NT$26.2B | NT$30.2B |
| EBITDA | n/a | NT$17.6B | NT$22.2B | NT$26.8B | NT$31.1B |
| Net income | NT$9.38B | NT$7.31B | NT$9.85B | NT$19.8B | NT$15.4B |
| Free cash flow | n/a | -NT$20.7B | -NT$33.2B | -NT$18.1B | NT$25.3B |
| Capital expenditure | n/a | NT$33.5B | NT$48.3B | NT$37.1B | NT$12.4B |
| Total debt | n/a | NT$75.1B | NT$67.4B | NT$55.5B | NT$49.9B |
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 |
|---|---|---|---|---|---|---|
| GlobalWafers 6488.TWO | $8.15B | -23% | -6% | 11% | 21.4× | n/a |
| Shin-etsu Chemical 4063.T | $66.5B | -27% | +5% | 25% | 17.2× | 8.9% |
| Sumco 3436.T | $3.96B | -28% | +4% | -4% | n/a | n/a |
| Siltronic WAF.DE | $1.86B | -46% | +1% | -16% | 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 | 6488.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -56.6% | -9.2% | lowest of 21 |
| 6-month return | -23.1% | -16.8% | 9th lowest of 21 |
| Distance from 52-week high | -68.0% | -52.0% | 4th lowest of 21 |
| Revenue growth (TTM) | -6.2% | +12.4% | 2nd lowest of 21 |
| Operating margin | 11.5% | 12.5% | 9th lowest of 21 |
| Forward P/E | 21.4× | 22.2× | 10th cheapest of 21 |
| ROIC minus cost of capital | -7.0 pp | -0.5 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GlobalWafers 6488.TWO | Taiwan | $8.15B | -23% | -6% | 11% | 21.4× | n/a | n/a |
| Han's Laser Technology Industry 002008.SZ | China | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% | +9.5% |
| Rational Aktiengesellschaft RAA.DE | Germany | $7.95B | -4% | +6% | 27% | 26.1× | 14.8% | +14.2% |
| Wuxi Lead Intelligent Equipment 0470.HK | Hong Kong | $7.95B | -61% | +35% | 10% | 13.3× | 8.2% | +19.0% |
| Leader Harmonious Drive Systems 688017.SS | China | $7.84B | +27% | +46% | 15% | 283.8× | n/a | n/a |
| Shenzhen Han's CNC Technology 3200.HK | Hong Kong | $8.58B | -66% | +109% | 21% | 9.9× | n/a | n/a |
| Zhejiang Jingsheng Mechanical & Electrical 300316.SZ | China | $7.69B | -13% | -25% | 0% | 74.3× | 39.6% | +24.6% |
| Zoomlion Heavy Industry Science & Technology 1157.HK | Hong Kong | $7.63B | -36% | +23% | 7% | 8.1× | 12.6% | -5.0% |
| Kokusai Electric 6525.T | Japan | $7.62B | -21% | +15% | 19% | 20.0× | 30.9% | -1.5% |
| IMI IMI.L | United Kingdom | $8.81B | +3% | +8% | 21% | 19.9× | 14.3% | +4.8% |
| Beijing E-Town Semiconductor Technology 688729.SS | China | $8.94B | -14% | +10% | 12% | 52.3× | n/a | n/a |
| Sulzer SUN.SW | Switzerland | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% | +3.7% |
| Robotechnik Intelligent Technology 300757.SZ | China | $7.37B | -42% | +203% | 9% | 219.2× | n/a | n/a |
| Spirax SPX.L | United Kingdom | $7.24B | +2% | +5% | 18% | 22.7× | 20.5% | +7.4% |
| Guangdong Dtech Technology 301377.SZ | China | $9.23B | -18% | +119% | 36% | 50.9× | n/a | n/a |
| Zurn Elkay Water Solutions ZWS | United States | $7.18B | -15% | +10% | 23% | 21.8× | 10.9% | -2.4% |
| NIBE Industrier NIBE-B.ST | Sweden | $9.25B | +7% | +2% | 10% | 27.3× | 13.5% | +8.5% |
| Ebara 6361.T | Japan | $9.28B | -40% | +9% | 11% | 14.5× | n/a | n/a |
| Shenzhen Envicool Technology 002837.SZ | China | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% | +29.0% |
| Timken TKR | United States | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% | +5.5% |
| Huagong Tech 000988.SZ | China | $9.54B | -47% | +16% | 7% | 30.9× | n/a | n/a |