TAIWAN ROUND UP: Wafer producers GET, SAS and Danen produce mixed results in September

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Companies continue to screen orders to limit ASP erosion. Image: GCL-Poly

Green Energy Technology

Multicrystalline wafer producer GET reported September, 2016 sales of NT$ 715 million (US$22.7 million), up around 10% from the previous month. However sales are still down 46%, compared with the same period of 2015.

The company noted that it was continuing to screen orders, while primarily serving only long-term customers in September as its strategy to minimise wafer ASP declines.

GET reported September, 2016 sales of NT$ 715 million (US$22.7 million), up around 10% from the previous month.

Sino-American Silicon (SAS)

Mono and multicrystalline wafer producer SAS reported September, 2016 sales of NT$ 2,265 million (US$71.9 million), virtually flat with August sales of NT$2,282 million, a 0.72% decline. However, sales are down 8.41% year-on-year.

The company has not been as severely impacted by weak China demand since the end of June but is under ASP pressure. 

SAS reported September, 2016 sales of NT$ 2,265 million (US$71.9 million), virtually flat with August sales of NT$2,282 million, a 0.72% decline.

Danen Technology

Multicrystalline wafer producer Danen Technology reported September, 2016 sales of NT$ 41.7 million (US$1.32 million), down from US$2.74 million in the previous month, a 51.83% decline and a 68.86% decline year-on-year. 

Like its larger rival, GET the company has adopted a selective order strategy response to weak demand and ASP erosion. Like GET, Danen has lowered production utilisation rates to reduce inventory.

Wafer producers are expecting a seasonal demand upturn in the fourth quarter.

Danen Technology reported September, 2016 sales of NT$ 41.7 million (US$1.32 million), down from US$2.74 million in the previous month, a 51.83% decline and a 68.86% decline year-on-year.

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