Formosa Sumco Technology (FST), which ships silicon wafers to mainly Taiwan- and China-based logic and memory foundries, is expected to see its production lines run at nearly full capacity utilization in the third quarter of 2020, according to a report by Taiwan’s Central News Agency (CNA).

FST has seen its 8- and 12-inch wafer manufacturing utilization rates climb to high levels since the second quarter, thanks mainly to a ramp-up in orders for applications including notebooks, tablets and servers, the report quoted company sources as saying. The company has also enjoyed robust orders for the third quarter.

FST is expected to post a sequential increase in operating profits for the second quarter and flat growth for the third, but the outlook for the fourth quarter is still uncertain due to a number of negative macro issues, according to the report.

FST saw its net profit fall 62.2% from a year earlier in the first quarter of 2020, due to oversupply in the market and falling wafer prices. EPS for the quarter came to NT$1.02 (US$0.03).

FST reported consolidated revenue grew nearly 10% on year to NT$1.04 billion in May 2020. Revenues for the first five months of the year totaled NT$4.99 billion, down about 10% from the same period in 2019.