Influenced by the exchange! Power supply Q2 Purchase has been extended to RMB 3.3 billion, and the intermediary has been shipped

Live Power held its second quarter legal conference today and announced its financial report, with a total merger of NT$11.278 billion, a quarterly increase of 1.5%, operating gross margin of 1.022 billion, gross profit margin of about -9%, and a parent company of NT$3.334 billion, and a share of NT$0.8 billion.

Ruoyuan pointed out that the current cash water level is 24 billion yuan, and the 12-inch crystal round shipped 400,000 pieces in the second quarter, which is a growth rate compared with the first quarter, while the energy utilization rate has slightly increased to 75%, and the expected capital expenditure this year is still maintaining US$454 million.

General Manager Zhu Xingguo pointed out that gross profit in the second quarter declined compared with the first quarter, mainly affected by the US dollar's net value. In addition, the net loss was 3.33 billion yuan, an increase of 2.24 billion yuan compared with the previous quarter, mainly due to a decrease of 49 billion yuan in gross profit, which was affected by the US dollar exchange rate and an increase of 1.59 billion yuan in exchange rate, and the exchange rate was 1.59 billion yuan. The exchange rate was 2.24 billion yuan in the US dollar sector.

In recent operational situation, General Manager Zhu Xingguo explained that the first thing is the logical product line. Due to factors such as uncertainty in tax responsibilities in the first half of the year and the Chinese government's funding policy to stimulate consumption, the recent drop in films has cooled down, with films investing slightly lower in the second quarter by 1%, and we need to observe again in the third quarter. In addition, DDIC and CIS in Greater China and China have been relatively weak recently, while PMICs in Europe and the United States have continued to be strong.

Second point, DRAM OEM demand has withdrawn from the 8GDDR4 market by first-line manufacturers, prompting customers to prepare goods in advance, and demand has reversed. Recently, the number of films has been almost full. Zhu Xingguo said that although there are big fluctuations in market fluctuations that are not as high as standard products, under the influence of supply and demand, the average sales price of DRAM OEM (ASP) has risen month by month, which will be due to the cycle reaction to revenue and gross profit in three or four months.

The third point, after SLC Flash has been silent for several seasons, the inventory of the end customers is healthy and the stock is higher. The 24-nanometer SLCFlash has entered the mass production stage. As mainstream manufacturers slowly withdraw from SLC Flash within several years, new customer designs are being carried out.

Point 4: Intermediary Level Part, Zhu Xingguo said that the intermediary level has begun shipping, mainly CoWoS-S. In addition, CoWoS-L also provides customer design introduction, and the production line makes full use of DRAM front-end process (silicon capacitor) and logical rear-end process (copper line), which will be of great help to replace some DRAM and logical products with lower gross profit in the future.

At the same time, the board of directors has adopted a capital expenditure proposal to expand capacity on the intermediary, and expects that the contribution to gross profit will gradually emerge this year and next year. In addition, the verification of DRAM four-layer WoW stacking with advanced logic processing chips from friends' factories is also being carried out smoothly. DRAM eight-layer WoW stacking technology is also being developed with customers. In the future, the intermediary layer will become the main source of profit for 3D AI Foundy.

Finally, the nitride products will be supplied to Navitas. Zhu Hengguo pointed out that the development of 8-inch GaN on the 100V technology platform for AI servers is almost completed, and the first batch of customers are being delivered, and the fourth quarter is being tried. As for 650V, due to the withdrawal of the GaN OEM market by friendly manufacturers, the US and Japanese customers' enquiry on GaN OEM recently has significantly improved. The company has also increased its machines to expand GaN capacity to meet future demands of customers and the market.

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