GaAs IC foundry Win Semiconductors announced that 2010 consolidated revenues rose 45% from 2009 to NT$7.059 billion (US$238.7 million), a new record. The company's first-quarter revenues are expected to increase 10% sequentially thanks to strong demand from the smartphone power amplifier (PA) market, according to analysts.

Win's gross margin in 2010 also rose 3pp to 28.4%. EPS came to NT$2.84 and the company will distribute NT$0.82 a share in cash dividends. Win is the world's largest contract manufacturer of GaAs foundry, surpassing US-based TriQuint Semiconductor. Win's clients include anadigics, Avago and Skyworks.

Win's consolidated revenues in January and February combined for NT$1.185 billion, up significantly from a year earlier. Its monthly capacity will increase to 20,000 units by year's end.