Phison: December 2021 Financial Results

Phison Electronics Corp. announced the operating results for December 2021.

Consolidated revenue was NT$4.993 billion, an yearly increase of 20%; revenue for FY21 reached NT$62.557 billion, a growth of nearly 29% Y/Y, setting a new record for the same period in history.

The total shipments of PCIe SSD controllers in December grew Y/Y by more than 20%; the total shipments of industrial controllers grew by more than 21%. In addition, the cumulative annual growth rate of PCIe SSD controller shipments for the entire year was nearly 115%, a record high for the same period in history; the annual growth rate of total industrial controller shipments is close to 30% Y/Y, and the annual cumulative total memory bit shipments (total bits) grows close to 40% Y/Y, both setting new historical highs over the same period.

K.S.Pua, CEO, explained that 2021 was a challenging year, including problems such as tight foundry capacity, insufficient supply of NAND Flash memory, and price increases by upstream and downstream suppliers. Phison has also learned a lot of valuable experience from it, which will become the nutrients for Phison’s next wave of growth momentum.

He then emphasized the pandemic has accelerated the digital transformation around the world and because of that, the global demand for semiconductor products and NAND storage solutions increased exponentially and will continue to rise.

Furthermore, the expansion of 5G wireless technology maintains the growth momentum in various storage applications, such as e-sports gaming solutions, automotive and industrial electronic systems and devices, cloud servers, AR/VR applications, various edge computing devices.

Phison’s transformation into a technology company and move into the high-end storage market has allowed the company to stay up to speed and even ahead of the digital transformation trends globally.

Lastly, K.S.Pua highlighted that starting from the end of 2021, due to the traditional off-season, his company has stepped up resource preparations in order to avoid the problem of insufficient resources in 2021. The company is in a good position to continue this growth and will further strengthen R&D investments in order to meet the increasing demand for NAND storage applications.