Power semiconductor supplier Force Mos Technology expects a weak consumer market to persist despite a rate hike by the US Federal Reserve. The company plans to navigate this challenging environment by adapting to the ongoing weak demand.
In September 2024, Force Mos Technology's consolidated revenue reached NT$70.05 million (US$2.18 million), representing a month-on-month decrease of 3.11% but a year-on-year increase of 0.08%. For the third quarter, revenue totaled NT$213 million, marking a 1.56% sequential increase and an 8.86% year-on-year growth. Accumulated revenue for the first three quarters reached NT$619 million, signifying a 17.4% year-on-year increase.
Force Mos Technology attributed the stable yet non-explosive growth in its monthly revenue to the global economic slowdown and cautious consumer sentiment regarding next-generation electronic products. During this time, the company is committed to enhancing its technology and expanding its supply chain qualifications across various products.
Force Mos Technology has noted that global economic conditions and consumer electronics demand have been relatively moderate. This cautious consumer sentiment towards next-generation electronic products has resulted in stable monthly revenues without significant spikes. During this period, the company is committed to continuous technological advancements and expanding its product qualifications within the supply chain.
Taiwanese power semiconductor suppliers primarily manufacture products for PC and notebook applications. However, the anticipated demand driven by AI PCs has not materialized. Meanwhile, sources in the industry believe that AI PCs will indeed increase the demand for power components such as PMICs and MOSFETs.
While AI PCs typically require higher-specification power semiconductors due to their demanding power needs, current pricing remains relatively stable. The impact of AI PCs on the industry—whether through increased component demand or higher pricing—remains uncertain, with a clearer picture anticipated by the first half of 2025.
Force Mos Technology has emphasized its focus on research and development. By leveraging its proprietary ETG and RTG technology platforms, the company has expanded the voltage specifications of its MOSFET products. This enhancement significantly broadens the operating voltage range of MOSFETs, enabling more precise alignment with product line voltage requirements and resulting in a more comprehensive product portfolio.
The company is also actively pursuing supply qualifications from existing suppliers for additional product lines. By collaborating with customers on new projects and expanding into other established brand suppliers with mature and stable products, Force Mos Technology aims to position itself effectively for future market growth.
Despite the current global economic slowdown, Force Mos Technology remains optimistic about future market demand and the growth of electronic products. With the anticipated surge in demand for generative AI edge devices in 2025 and a more mature market, the company expects to see the long-term benefits of its consistent efforts.
Article translated by Jingyue Hsiao
