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Powerchip Semiconductor Manufacturing Corp. (6770) AI Stock Analysis

TW:6770

Powerchip Semiconductor Manufacturing Corp.

(TWSE:6770)

Select Model
Rating:40Underperform
Price Target:TWD 50.00â–¼(-14.53% Downside)
Action:initiatedcoverage
Date:11/10/26

Weak financial performance from collapsing profitability and negative cash flows is the dominant factor, compounded by bearish technical signals with price below moving averages.

Positive Factors
Revenue GrowthThe reported revenue-growth rate indicates that PSMC is expanding its top line despite challenging semiconductor conditions. Sustained growth would support better fab utilization, broaden customer activity, and provide a foundation for eventual operating leverage if pricing and demand recover.
Negative Factors
Persistent LossesNegative gross profit and deep operating and net losses indicate that current production economics are not covering the company’s cost base. If this persists, PSMC may face weaker retained capital, reduced investment flexibility, and difficulty converting revenue growth into durable shareholder returns.

Powerchip Semiconductor Manufacturing Corp. (6770) vs. SPDR S&P 500 ETF (SPY)

-25%0%25%50%75%100%125%150%175%TW:6770+71.87%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 273.30B
Dividend Yield
0.39%
Average Volume (3M)
137.85M
Price to Earnings (P/E)
11.2
Beta (1Y)
1.63
Revenue Growth
42.62%
EPS Growth
―
Country
TW
Employees
8,361
Sector
General
Sector Strength
55
Industry
Semiconductors

Powerchip Semiconductor Manufacturing Corp. Business Overview & Revenue Model

Company Description

Powerchip Semiconductor Manufacturing Corporation, together with its subsidiaries, engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internatio...

Powerchip Semiconductor Manufacturing Corp. Financial Statement Overview

Summary

Severe deterioration in profitability with negative gross margins, widening net losses, and weak cash flows from heavy capex, only partially offset by moderate equity on the balance sheet.

Income Statement

22Negative

Balance Sheet

48Neutral

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue55.20B46.73B44.73B44.02B76.09B65.62B
Gross Profit4.52B-2.80B525.42M5.29B35.58B27.58B
EBITDA5.63B1.63B4.39B5.29B34.30B26.15B
Net Income14.14B-7.81B-6.78B-1.64B21.63B16.09B
Balance Sheet
Total Assets197.06B178.69B188.92B188.76B173.49B132.06B
Cash, Cash Equivalents and Short-Term Investments68.71B26.75B32.03B42.40B65.01B45.46B
Total Debt30.02B66.93B68.04B55.86B30.06B31.07B
Total Liabilities68.18B96.69B100.28B94.97B78.23B65.47B
Stockholders Equity128.88B82.00B88.65B93.79B95.27B66.60B
Cash Flow
Free Cash Flow12.13B-2.48B-17.04B-46.51B13.42B14.05B
Operating Cash Flow18.35B6.11B6.49B1.50B32.86B24.19B
Investing Cash Flow11.79B3.55B-35.30B-47.69B-19.34B-9.91B
Financing Cash Flow-12.48B-3.81B6.58B23.80B6.04B23.88B

Powerchip Semiconductor Manufacturing Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6770 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3264TW:326462NeutralTWD 90.99B21.77―2.12%31.88%80.58%
TW:3105TW:310557NeutralTWD 204.76B65.22―0.38%31.84%1329.89%
TW:2449TW:244956NeutralTWD 292.08B29.96―0.43%34.64%-10.44%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6239TW:623954NeutralTWD 172.30B21.39―1.86%29.10%65.42%
TW:8150TW:815043NeutralTWD 56.50B19.21―1.39%28.18%1243.70%
TW:6770TW:677040UnderperformTWD 278.96B11.23―0.39%42.62%―

* General Sector Average

Performance Comparison

0%100%200%300%TW:6770TW:2449TW:3105TW:3264TW:6239TW:8150Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6770 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6770Powerchip Semiconductor Manufacturing Corp.58.5022.9764.64%
TW:2449King Yuan Electronics Co., Ltd.231.0026.5112.96%
TW:3105Win Semiconductors Corp.521.00392.04304.01%
TW:3264Ardentec Corporation198.50109.67123.45%
TW:6239Powertech Technology Inc.242.0075.2845.16%
TW:8150ChipMOS Technologies, Inc.88.2044.76103.02%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026