Power IC supplier uPI gains foundry support

Monica Chen, Taipei; Jessie Shen, DIGITIMES Asia 0

Taiwan-based uPI Semiconductor, an Asustek Computer affliate specializing in high-performance power chips and discrete solutions, has obtained sufficient 8-inch fab capacity support from United Microelectronics (UMC) and Powerchip Semiconductor Manufacturing (PSMC), according to industry sources.

Along with other Taiwan-based suppliers of MOSFET chips and power management ICs, uPI has benefited from a ramp-up in end-market demand since the second half of 2020, the sources indicated. With the supply of MOSFETs and PWM ICs set to stay tight through the end of this year, uPI is poised to enjoy a strong 2021, the sources said.

Trade disputes between the US and China are also expected to favor uPI, which may gain some orders shifted from others, the sources continued.

In 2020, uPI generated revenue of nearly NT$4.2 billion (US$148.9 million) and a 34.68% gross margin, with net profit reaching NT$437.6 million or NT$6.27 per share. The company's cumulative 2021 revenue through February climbed 57.6% on year to NT$759.42 million.

The company is scheduled to debut on Taiwan's emerging stock market on March 12.

Founded in December 2005, uPI is a fabless chipmaker with shareholders including not only Asustek but also Powerchip Technology - the parent company of PSMC - and UMC's investment arm Triknight Capital. TXC and Simplo Technology are other shareholders of uPI.