Phison: Fiscal 1Q21 Financial Results

Phison Electronics Corp. reported financial results for January to March 2021.

March 2021 revenue totaled NT$5.173 billion, up 42% Q/Q and -6% Y/Y, while accumulated revenue for January to March 2021 reached NT$12.888 billion, hit the second highest in a single quarter in history.

Compared with the same period last year, the total shipments of PCIe SSD controller in March grew by more than 70%, a record high in a single month.

In addition, for the annual growth rate of total shipments accumulated throughout the year (January to March), the total shipments of PCIe SSD controller grew by more than 100%, setting a new historical high for the same period; the total annual growth rate of industrial memory module shipments exceeded 20%, a record high in the same period in history; the annual cumulative total memory bits shipments (total bits) also grew by nearly 30%, a record high over the same period in history. As the market gradually enjoys the performance experience brought by fast PCIe SSDs, it also directly stimulates the market’s demand for high storage capacity, which will help Phison continue to expand its market share and revenue.

K.S. Pua, CEO and chairman, said that, due to the recent shortage of production capacity in the global semiconductor industry, not only the prices of related raw materials and production prices have continued to rise, but the upstream and downstream supply chains have also begun to reflect the problem of material shortages.

However, Phison has always adhered to pragmatic planning and layout, coupled with the fact that it has maintained a good partnership and mutual benefit relationship with upstream and downstream suppliers for a long time, he company is relatively less affected by the industrial tension this time.

In the coming quarters, it will maintain its commitments with customers and partners. While striving to meet market demand, Phison will continue to consolidate upstream and downstream partnerships and work together to pass this wave of semiconductor super boom cycle.

Quick facts on company:

• Over 20 years experiences in NAND controller IC design and module integration.
• Over 2,300 employees globally, more than 75% are engineers
• Over 1,900 memory-related patents
• 3 major focuses: enterprise, embedded, and consumer market
• 600 million average annual controller shipment
• $1.63 billion sales revenue in 2020.
• Confident that business model can produce strong cash flow and profit over the long-term amidst NAND memory market cycles
• Maintain long-term partnerships with global NAND flash supply sources and with downstream module customers.