Powerchip Semiconductor Manufacturing Corp.
6770.TW · TAI
Company research
Powerchip Semiconductor Manufacturing Corporation (PSMC, TWSE: 6770) is a Taiwan-based semiconductor foundry headquartered in Hsinchu Science Park, engaged in the research, development, manufacturing, testing, packaging, and sale of integrated circuit products, serving markets across Taiwan, the United States, China, and internationally. As of 2023, PSMC ranked as the 8th largest semiconductor foundry globally, operating five fabs (two 8-inch and three 12-inch wafer facilities) with technology nodes ranging from 350nm to 1Xnm, and projecting 1.63 million wafer shipments in 2025. The company has evolved from its DRAM-focused origins to a diversified logic and memory foundry, commanding dominant niche market positions including a 71% share in memory foundry for ≤1Gb DRAM and 55% in touch display driver ICs, while serving end markets such as automotive, IoT, and data centers. A subsidiary of Powerchip Technology Corporation, PSMC listed on the Taiwan Stock Exchange in December 2021 and is also expanding internationally through a landmark NT$350 billion (~US$11 billion) joint venture with India's Tata Group to build the country's first semiconductor fab outside Taiwan.
Research reports
Macroaxis’ model-based research assigns Powerchip Semiconductor a “Strong Sell” signal over a three‑month horizon for an average‑risk investor, citing above‑model valuation, undercut momentum and a cautious sentiment setup despite low odds of financial distress. The note highlights strong profitability and cheap multiples versus peers but stresses that recent performance and volatility skew the composite evidence toward downside risk over the selected period.
Siangstock (Alex, Leo, Karen) · June 26, 2026力積電 6770 盤前分析｜2026-06-26This Taiwanese pre‑market analysis frames 6770 as technically still in a short‑term uptrend with moving averages aligned bullishly and institutional buying supporting its status as an undervalued mature‑process foundry, yet recommends “觀望” (watch/hold) because a single day of extremely high‑volume price drop and lack of near‑term catalysts introduce significant short‑term downside risk. The authors argue that low valuation and strong fundamentals could be a long‑term opportunity but warn that Chinese competition in mature nodes and the possibility of a “value trap” mean investors should wait for stabilization around key supports (82.8 and the MA5/MA20 zone) before adding exposure.
Simply Wall St · June 23, 2026Powerchip Semiconductor Manufacturing (TWSE:6770)Simply Wall St’s automated fundamental report scores 6770 strongly on future growth and financial health while noting only modest past‑performance scores, emphasizing that the stock is trading at good value relative to peers with a price‑to‑earnings ratio below the semiconductor industry average and earnings forecast to grow about 36% per year after returning to profitability. The analysis flags key risks such as volatile share price and large one‑off items in recent financial results but characterizes recent total returns as exceptional versus both the Taiwan semiconductor sector and the broader market, implying a constructive medium‑term outlook.