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← CockpitCompetitor Analysis › 6770.TW Powerchip Semiconductor Manufacturing Corp.Open in the cockpit ↗

Powerchip Semiconductor Manufacturing Corp.6770.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Semiconductors

Taiwan semiconductor foundry making mature-node logic and specialty chips (display drivers, power ICs, image sensors) for outside customers.

≈ A smaller, mature-node Taiwan foundryMomentum neutral 40
Mkt cap
$7.54B
US dollars, full cap
Free float
80%
of shares outstanding
$/day
$222M
20-day average traded
Fwd P/E
7.6×
forward earnings
ROIC−WACC
-13.4 pp
WACC 11.2%
Hurdle
+11 pp
Req g minus delivered
Next earnings
76 days
21 Jan 2027
Close · TWDNT$52.90
1D-3.5%
1W-20.6%
1M-30.2%
3M-12.0%
6M-4.5%
YTD+33.8%
1Y+72.3%
ATR %7.3%
52w lowhigh44.0% off high

What Powerchip Semiconductor Manufacturing does

Taiwan semiconductor foundry making mature-node logic and specialty chips (display drivers, power ICs, image sensors) for outside customers.

Makes wafers to customers' designs and charges per wafer, so earnings track how full its factories are. Began as a memory-chip maker and shifted toward contract manufacturing for others. It is the technology partner for Tata's planned chip plant in India.

In one line: A smaller, mature-node Taiwan foundry.

Products and services

  • Mature-node logic foundry
  • Display-driver IC foundry
  • CIS/power IC foundry

Customers

  • Fabless chip designers needing mature-node capacit
  • Display-driver and power-IC customers

Where it sits in the supply chain

  • Semiconductors
  • Foundry manufacturing
  • Mature-node & specialty foundry

What could go right

  • Mature-node demand recovery
  • New fab capacity ramp

What could go wrong

  • Mature-node pricing competition
  • Cyclical foundry utilization

Moat: none (scale). Mature-node foundry capacity is fairly commoditized versus larger peers like UMC and Vanguard.

Headquarters: Hsinchu, Taiwan · Founded: 1994 · Employees: 8,361

Named competitors

Powerchip Semiconductor Manufacturing at a glance

Size Powerchip Semiconductor Manufacturing (6770.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $7.54B, the 67th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$52.90 on 6 Nov 2026.

Performance Over six months the shares fell 4.5%, against -23.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 22.2% over the last twelve months (peer median +16.5%); the operating margin is -4.6% (peer median 9.8%).

Valuation It trades at 7.6× forward earnings against a peer median of 24.3× (2nd cheapest of 18).

Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +11 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 13.4 points below its cost of capital (11.2% WACC).

Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 20266770.TW 91Peer median 73
Six months, rebased to 100: Powerchip Semiconductor Manufacturing against the median of its 20 peers (local-currency closes).

Powerchip Semiconductor Manufacturing financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$55.2BNT$46.7BNT$44.7BNT$44.0BNT$76.1B
Revenue growth—+4%+2%-42%—
Gross profitNT$5.15B-NT$2.80B-NT$1.08BNT$4.60BNT$34.9B
EBITDANT$7.96BNT$1.63BNT$391MNT$2.78BNT$32.7B
Net incomeNT$14.1B-NT$7.81B-NT$6.78B-NT$1.64BNT$21.6B
Free cash flowNT$11.7B-NT$2.48B-NT$18.5B-NT$47.0BNT$12.8B
Capital expenditureNT$6.37BNT$8.59BNT$23.5BNT$48.0BNT$19.4B
Total debtNT$30.0BNT$66.9BNT$68.0BNT$55.9BNT$30.1B

Quarterly statements and history in the cockpit →

Powerchip Semiconductor Manufacturing 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

-60%-40%-20%0%-40%-20%0%300223WAAREEENERSLAB3661002185RMBS300666688213001309AMKR6479600703688521300661534769636882233007516882490020496770.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Powerchip Semiconductor Manufacturing is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%+300%20×40×60×300223WAAREEENERSLAB3661002185RMBS300666688213001309AMKR647930066169633007516882496770.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Powerchip Semiconductor Manufacturing is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%300223RMBS68821364796885213006613007510020496770.TWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Powerchip Semiconductor Manufacturing is the large dot.

Powerchip Semiconductor Manufacturing competitors and peer comparison

Head to head with its named competitors (6770.TW vs 2303.TW vs 5347.TWO vs 0981.HK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Powerchip Semiconductor Manufacturing 6770.TW$7.54B-5%+22%-5%7.6×11.3%
United Micro Electronics 2303.TW$34.9B+11%+13%21%13.7×14.2%
Vanguard International Semiconductor 5347.TWO$6.82B-22%+10%17%17.7×n/a
SMIC 0981.HK$76.7B-41%+20%9%32.9×n/a

How Powerchip Semiconductor Manufacturing 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.

Powerchip Semiconductor Manufacturing against its 20 peers (data as of 6 Nov 2026)
Measure6770.TWPeer medianRank in peer set
1-month return-30.2%-14.0%8th lowest of 21
6-month return-4.5%-23.3%5th highest of 21
Distance from 52-week high-44.0%-54.0%4th highest of 21
Revenue growth (TTM)+22.2%+16.5%9th highest of 21
Operating margin-4.6%9.8%4th lowest of 21
Forward P/E7.6×24.3×2nd cheapest of 18
Growth the price implies (Req g, 7 yrs)11.3%24.5%2nd least demanding of 9
Growth delivered (Del g)+0.5%+20.2%lowest of 9
Hurdle (Req g minus delivered)+10.8 pp+6.8 pp4th most demanding of 9
ROIC minus cost of capital-13.4 pp-3.2 pp2nd lowest of 21
EV / EBITDA26.5×13.7×most expensive of 8
Net debt / EBITDA-4.9×-0.7×3rd least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Powerchip Semiconductor Manufacturing 6770.TWTaiwan$7.54B-5%+22%-5%7.6×11.3%+0.5%
Ingenic Semiconductor 300223.SZChina$7.59B-15%+89%35%16.7×21.3%+16.9%
WAAREE Energies WAAREEENER.NSIndia$7.41B-24%+75%16%17.3×n/an/a
Silicon Laboratories SLABUnited States$7.39B+2%+22%-3%60.3×n/an/a
Alchip Technologies Limitd 3661.TWTaiwan$7.35B-32%-51%23%14.4×n/an/a
Tianshui Huatian Technology 002185.SZChina$7.74B+10%+33%4%45.0×n/an/a
RMBS RMBSUnited States$7.98B-42%+17%37%19.9×24.5%+23.5%
Konfoong Materials International 300666.SZChina$8.09B+9%+35%10%53.5×n/an/a
Smartsens Technology (Shanghai) 688213.SSChina$7.01B+21%+27%13%30.9×23.1%+42.7%
Shenzhen Techwinsemi Technology 001309.SZChina$8.12B-64%+317%35%6.7×n/an/a
Amkor Technology AMKRUnited States$8.13B-57%+16%10%12.1×n/an/a
Minebea Mitsumi 6479.TJapan$6.97B-13%+12%7%11.9×10.8%+11.0%
Sanan Optoelectronics 600703.SSChina$6.87B-33%-22%-7%n/an/an/a
VeriSilicon Microelectronics (Shanghai) 688521.SSChina$8.31B-63%+39%-23%n/a40.5%+15.9%
SG Micro 300661.SZChina$8.33B-12%+46%17%55.7×35.9%+26.7%
Vanguard International Semiconductor 5347.TWOTaiwan$6.82B-22%+10%17%17.7×n/an/a
Rohm 6963.TJapan$6.76B-19%+12%4%24.3×n/an/a
Jinko Solar 688223.SSChina$6.73B-34%-18%-11%n/an/an/a
Suzhou Maxwell Technologies 300751.SZChina$6.72B-33%-26%6%72.0×47.7%+29.0%
Nexchip Semiconductor 688249.SSChina$8.80B-17%+14%7%66.4×n/an/a
Unigroup Guoxin Microelectronics 002049.SZChina$6.37B-35%-1%18%25.5×24.4%+13.5%

Questions

Who are Powerchip Semiconductor Manufacturing's main competitors?
Named competitors: United Microelectronics (2303.TW), Vanguard International Semiconductor (5347.TWO), SMIC (0981.HK). The cockpit's measured peer set (industry) also includes Ingenic Semiconductor (300223.SZ), WAAREE Energies (WAAREEENER.NS), Silicon Laboratories (SLAB), Alchip Technologies Limitd (3661.TW), Tianshui Huatian Technology (002185.SZ), RMBS (RMBS).
Is Powerchip Semiconductor Manufacturing expensive compared with its peers?
On forward p/e it trades at 7.6× against a peer median of 24.3×, 2nd cheapest of 18 in its peer set. For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +11 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 Powerchip Semiconductor Manufacturing stock performed?
Over six months to 6 Nov 2026 the shares returned -4.5% against -23.3% for the median peer; over one year +72.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.