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GlobalWafers' profit slumps through 3Q24; CEO expects 90%+ utilization for 12-inch wafers

Monica Chen, Hsinchu; Levi Li, DIGITIMES Asia 0

GlobalWafers CEO, Doris Hsu. Credit: DIGITIMES

High client inventory levels and slower clearance rates contributed to a slowdown in GlobalWafers' silicon wafer shipments for 2024, resulting in a 38.9% drop in after-tax profit for the first three quarters year-over-year.

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