News & Events
Taiwan-based Global Mixed-mode Technology (GMT), a supplier of analog and power management (PWM) ICs, will continue striving for more available capacities at foundries to support its growth next year, according to the fabless chipmaker.
The global supply of PWM ICs is expected to remain severely tight in 2022, said GMT. Demand for applications ranging from data centers, electric vehicles (EV), AIoT to gaming devices will be rising despite a slowdown in PC and TV demand growth, the chipmaker indicated.
Uneven inventories across different chip types will continue challenging device makers and assemblers in 2022, GMT noted. Meanwhile, pure-play foundries will be running their fabs at full capacity utilization through the end of 2022, when additional fab capacities start coming online, the analog chipmaker said.
GMT saw its gross margin top 50% in the third quarter of 2021, when revenue hit a record high of NT$2.52 billion (US$90.4 million). The company generated net profits of NT$676 million in the third quarter, up 29% on quarter, with EPS reaching NT$7.89.
GMT expects to post an about 7% sequential decrease in fourth-quarter revenue, with gross margin ranging from 48% to 52%, due mainly to a slowdown in orders from the customers who are dealing with uneven inventories across different chip types. Sales will pick up in the first quarter of 2022, as clients complete inventory adjustments, the chipmaker said.
GMT disclosed revenue for the first three quarters of 2021 climbed about 31% on year to NT$7.08 billion, when net profits came to nearly NT$1.6 billion. EPS for the nine-month period arrived at NT$18.66, exceeding the NT$12.24 reported for all of 2020.