Analog IC specialist GMT expects document income in 2Q21
Cage Chao, Taipei; Jessie Shen, DIGITIMES
Taiwan-based Global Mixed-mode Technology (GMT), a provider of analog and energy administration (PWM) ICs, expects to see its second-quarter income develop as much as 10% sequentially to a document excessive.
GMT expects to put up income of between NT$2.25 billion (US$80.5 million) and NT$2.Four billion within the second quarter of 2021, representing a sequential enhance of three.5-9.9%. The estimate additionally represents the best quarterly degree within the firm’s historical past.
GMT mentioned the corporate is upbeat about its operations within the second half of this yr, due to extra foundry assist in comparison with the primary half. The total buyer orders will nonetheless come above the obtainable foundry capability, the fabless chipmaker continued.
Amid tight foundry capability, GMT intends to present provide precedence to high-margin orders, the corporate mentioned. The chipmaker already noticed its gross margin attain 42% within the first quarter of 2021.
GMT generated web income of NT$399 million within the first quarter, up 44.6% sequentially and 70.5% from the identical interval in 2020. EPS for the quarter got here to NT$4.66.
