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8227

巨有科技 Semiconductor As of 2026-06-17 Updated daily after market close

steady quality, premium valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 巨有科技 to your watchlist to track signal changes on your next visit.
Valuation 20Quality 53Growth 89Momentum 74Chips 50

Is 巨有科技 a buy? Fundamentals and valuation first

  • Above-average profitability.Operating margin is in the 51th market percentile. Latest quarterly ROE ≈ 2.2%.

  • Valuation is high.PE is in the 84th market percentile; within its own history, PE is around the 45th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 0.4% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 75.6%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as Revenue YoY ≥ 20% are active — see the historical forward returns after each occurrence below.

Chip flow

Neutral +0.07
BearishNeutralBullish

Institutional rotation, concentration steady — neutral

  • Institutional rotation, concentration steady — neutral
  • 新加坡商瑞銀 holds 269 lots
  • sellers have 562 lots left, ~28 sessions to clear

Window from 2026-01-17 · Price +27% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 新加坡商瑞銀 has accumulated 269 lots since the start (sold 10%), still adding.
  • Main distributor 凱基 peaked at 637 lots, has sold 68%, 202 left, ~7 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +0.00pp, mid holders +1, retail -0.07pp — little change.
  • Foreign hedge-desk net short Net short -56 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Branch inventory reconstruction
Accumulating holders Branches that accumulated shares during the window and still hold positive inventory; they are the absorbing side.
Distributing sellers Branches that built inventory earlier and have been selling it down; the remaining number estimates what has not cleared.
Net-short desks Trading-desk branches with negative inventory or net selling, often hedge, offsetting, or short-term flow. It is not automatically a bearish view.
Accumulating
新加坡商瑞銀美商高盛凱基-林口華南永昌-南京國泰-敦南華南永昌-大安
Distributing
凱基統一群益金鼎元大-羅東永豐金證券富邦-板橋
Desks
own scale
元大-敦南康和-南崁元富-三重台灣企銀-建成
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 新加坡商瑞銀 +269
    sold 10%· still adding
  • 美商高盛 +223
    sold 1%· still adding
  • 凱基-林口 +131
    sold 0%· still adding
  • 華南永昌-南京 +125
    sold 0%· still adding
  • 國泰-敦南 +84
    sold 1%· still adding
  • 華南永昌-大安 +74
    sold 19%

Distributing

  • 凱基 202 left
    sold 68%· ~7 sessions to clear
  • 統一 25 left
    sold 90%· ~21 sessions to clear
  • 群益金鼎 80 left
    sold 64%· ~9 sessions to clear
  • 元大-羅東 74 left
    sold 55%· paused recently
  • 永豐金證券 59 left
    sold 63%· ~7 sessions to clear
  • 富邦-板橋 25 left
    sold 83%· paused recently

Desks

  • 元大-敦南 -444
    unclassified
  • 康和-南崁 -277
    unclassified
  • 元富-三重 -188
    unclassified
  • 台灣企銀-建成 -136
    unclassified
Still selling 562 lots ~28 sessions to bottom at most
Recent buy/sell force +997 absorbed / -748 sold buyers slightly ahead
Hedge-desk net short -36 lots potential cover-buying, not selling pressure
TDCC big holders · absolute-holding cross-check
>1000-lot holder share Retail (<400 lots) share Price (right axis)

Mixed direction: big-holder and retail changes are not aligned.

Describes chip flow, not investment advice. Branch data discloses only high-volume branches with ~1-day lag; TDCC is weekly. Inventory is a relative reconstruction from the window start, not absolute holdings.

Historical evidence

Signals active now

These signals are true on the latest data, with this stock's own historical forward-return stats after each occurrence.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 75.61%

Monthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).

28 historical occurrences (since 2022-12-20)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 30.4%, Sample 23, Median -3.63%, Excess -4.42%, Beat mkt rate 26.1%；60-day: Win 47.6%, Sample 21, Median -7.26%, Excess -5.55%, Beat mkt rate 38.1%；120-day: Win 55.6%, Sample 18, Median +3.74%, Excess -16.29%, Beat mkt rate 22.2%

120 days after: historical avg +12.48%

20-day -0.59%
60-day +8.14%
120-day +12.48%
20-day
60-day
120-day
Win
30.4%
47.6%
55.6%
Sample
23
21
18
Median
-3.63%
-7.26%
+3.74%
Excess
-4.42%
-5.55%
-16.29%
Beat mkt rate
26.1%
38.1%
22.2%

Over 18 occurrences, 120-day forward avg gained 12.48%, lagged the market by 16.29 pts; win rate 55.6%.

Valuation regime and subsequent returns

Each day's PE is converted to its own-history percentile (as of that day), then we look at adjusted-close returns over the next 240 trading days by valuation regime.

PE percentile bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 0Insufficient data
20-40 0Insufficient data
40-60 You are here0Insufficient data
60-80 0Insufficient data
80-100 0Insufficient data

Percentiles use an expanding own-history window (no look-ahead); forward return is 240 trading days on adjusted close. Sample days overlap; distribution is indicative only.

Current PE ≈ 73.0, at the 45.3th percentile of its own history (40-60 band).

Valuation × momentum historical grid

Every day in its own history is bucketed by valuation tercile (own-history PE) and 60-day momentum sign into six cells; we show adjusted-close returns over the next 120 trading days per cell.

Valuation
Momentum
Cheap (own-history bottom 1/3)
Mid
Expensive (own-history top 1/3)
60-day momentum up
Insufficient data
(0d)
Now
Insufficient data
(0d)
Insufficient data
(0d)
60-day momentum down
Insufficient data
(0d)
Insufficient data
(0d)
Insufficient data
(0d)

Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.

Does this signal hold up across the market

Over the past 242 months, on average ~404 stocks per month met “monthly revenue YoY ≥ 20%”; their adjusted-close return over the next 60 trading days averaged 6.94% (equal-weighted), beating the market by 2.37 points on average, and outperformed the TAIEX total-return index in 64.5% of months.

Each month, equal-weighted 60-day forward adjusted return of all signal-matching stocks, then averaged across months; excess vs the TAIEX total-return index.

Signals not active (historical stats for reference)

These are not occurring now; historical samples shown for comparison.

252-day price high (breakout)

Pending

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

Foreign net buying for 5 straight days

Pending

Foreign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.

11 times historically; 60-day forward avg +21.06%, win rate 50%, beating the market by +7.74 pts on average.

What does 巨有科技 do? Company profile

半導體業；ASIC／SoC 設計服務與 ASIC Turnkey 量產服務 櫃買中心上櫃

Overview

8227 對應證券為巨有科技，Yahoo 股市與公司官網均揭露其市場別為上櫃、產業類別為櫃半導體／半導體業，故判定為普通股 common_stock。公司成立於 1991/08/15，總部位於台北市內湖區內湖路一段88號8樓，統一編號 86169913；公開發行日期為 2000/04/15，興櫃日期為 2021/07/21，上櫃日期為 2022/12/20。董事長與總經理均為賴志賢，發言人為宋志翔。實收資本額為新台幣 395,430,000 元，已發行普通股 39,543,000 股。2025 年 5 月公司簡報稱巨有為台灣第一家 ASIC 設計服務公司、台積電設計中心聯盟成員，並為 Synopsys IP OEM Program 合作夥伴。員工規模依 2024 年報為 2023 年 72 人、2024 年 73 人、截至 2025/03/24 為 73 人，其中工程人員約 43 至 44 人。2024 年報揭露前十大股東包括宏程投資 9.00%、林天偉 8.10%、郭麗秋 6.15%（另配偶及子女關係持股）、賴志賢 4.98%、賴晏汝 2.62%、賴德容 2.46%、張春桂 0.93%、宏新投資 0.92%、楊世榮 0.89%、廖恒毅 0.86%；年報資料日為 2025/03/24。

Business

巨有科技核心商業模式分為 ASIC 設計服務工程收入 NRE 與 ASIC Turnkey 量產收入 MP。NRE 階段提供 PDK、Cell Library、Memory、I/O、各類 IP、APR 佈局、PPA 優化、DFT/SI/PI、DRC/LVS 驗證、tape-out 到 TSMC/VIS、CyberShuttle/MPW/Prototype 或 Full Mask、CP/FT 測試與封裝導入；MP 階段則統包 mask、晶圓、測試、封裝、供應鏈管理、特殊 MOQ、可靠度測試與量產出貨。主要產品與服務包含 SoC/ASIC Turnkey Service、ASIC Implementation Platform Service、MPW/Cyber Shuttle、Gate Array、FPGA to ASIC、Embedded Flash、High Voltage、Platform ASIC、IP 設計服務、APR Layout、COT/Foundry Turnkey、SiP/3D Package、CoWoS、InFO、DFT/ATPG、測試與失效分析等。2026 年 5 月法說簡報揭露 2025 年營收 13.49266 億元，年增 97.8%，EPS 2.06 元；2026Q1 營收 3.69579 億元，年增 88.4%，EPS 0.64 元。營收結構：2025 年 MP 5.19497 億元、占 39%，NRE 8.13095 億元、占 60%，其他 1%；2026Q1 MP 2.45728 億元、占 67%，NRE 1.22871 億元、占 33%。製程結構：2025 年 6nm~28nm 營收 7.44501 億元、占 55%，40nm~90nm 占 23%，微米製程占 22%；2026Q1 6nm~28nm 占 56%。NRE 中 2025 年 6nm~28nm 占 71%，2026Q1 占 60%；MP 中 2025 年 6nm~28nm 占 30%，2026Q1 升至 53%。主要應用包括 AI、AIoT、5G、電動車、機器人、HPC、高壓應用、影像處理、工控 IC、類比 IC、車用、醫療、網通、消費性電子與 IC 設計公司。年報揭露 2024 年銷售地區為國內 68.06%、亞洲 31.43%、歐美洲 0.51%；主要客戶因契約保密以甲、乙、丙、戊客戶代號揭露，2024 年三個超過 10% 的客戶分別占 17%、17%、12%。

Outlook 2025–2028

2025 年已由 2024 年庫存去化後回復成長，營收創 13.49 億元新高，主要來自高階 NRE 接案與 6nm~28nm 先進製程占比提升；2026Q1 營收與獲利仍年增，且合約負債由 2025 年底 4.6612 億元增至 2026/03/31 的 7.5440 億元，預付款項增至 5.6845 億元，反映客戶預付款與供應鏈產能預付需求增加。2026 年 5 月簡報顯示公司已在台積電成功完成超過 1,500 件 tape-out、每年超過 100 件 tape-out，聚焦 6nm/5nm/4nm/3nm 先進製程，並於 2026/04 達成 TSMC 4nm Design-In；2025/02 已成功 tape-out 首個 6nm ASIC 專案。2025 至 2028 年主要成長動能預期為：AI/HPC/高速傳輸介面、Edge AI、車用 IC、工控、醫療與低功耗 IoT 對客製化 ASIC 的需求；NRE 專案後續轉為 MP 量產的循環；Synopsys IP OEM Program 帶來 PCIe、DDR、MIPI、USB、SerDes、Die-to-Die 等高速 IP 整合優勢；CoWoS、SiP、2.5D/3D 先進封裝與 chiplet 需求；台積電 DCA 與世界先進策略夥伴關係所支撐的供應鏈整合能力。2027 至 2028 屬推估：若 2025 至 2026 的 6nm、5nm、4nm NRE 案順利導入量產，MP 先進製程占比可望提高並改善產品組合；若 3nm 設計服務能力與 IP 整合成熟，將有機會承接更高階 ASIC 設計服務。不確定與風險包括：先進製程 NRE 排程、tape-out 成功率與客戶量產決策不確定；晶圓代工與封測產能吃緊及預付款造成營運資金壓力；主要供應商集中於晶圓代工廠；先進製程 EDA/IP/光罩成本高；高階人才不足；匯率、地緣政治、終端需求波動與客戶庫存調整；同業如創意、世芯、智原在高階 ASIC 市場具規模優勢。

Supply Chain

Upstream
  • 台積電 2330 主要晶圓代工與先進製程合作夥伴；巨有為台積電 DCA 成員，提供 TSMC 6/5/4/3nm、CyberShuttle/MPW、CoWoS 等設計與 Turnkey 服務。
  • 世界先進 5347 主要晶圓代工供應商與 IC design service strategy partner；支援 BCD/HV 等高壓製程。
  • 日月光投控／日月光半導體 3711 封裝測試與先進封裝合作夥伴；公司簡報稱 package to ASE，並與日月光合作提供 CoWoS、FCBGA、WLCSP、LGA、DRQFN 等封裝服務。
  • 矽品精密 封測供應商；年報列為委外加工封裝廠之一，已併入日月光投控體系，非獨立台股掛牌公司。
  • 南茂科技 8150 封測供應商；年報列為委外加工封裝廠之一。
  • 超豐電子 2441 封測供應商；年報列為委外加工封裝廠之一。
  • 立衛科技 Vate 半導體測試服務策略合作夥伴；2024 年起 CP/FT consign and outsourcing to Vate，未確認為台股上市櫃公司。
  • Synopsys 新思科技 IP 與 EDA 合作夥伴，美國上市公司；巨有為 Synopsys IP OEM Program 合作夥伴，提供 PCIe、DDR、MIPI、USB、SerDes、Die-to-Die 等高速介面 IP。
  • Cadence 益華電腦 EDA/IP 合作夥伴，美國上市公司；公司簡報列為全球合作夥伴。
  • Siemens EDA EDA 合作夥伴，屬德國西門子集團；公司簡報列 DRC/LVS Verification 使用 Siemens Mentor EDA。
  • M31 6643 IP 合作夥伴；公司官網與簡報列為 IP Alliance／全球合作夥伴。
  • 晶心科技 Andes 6533 處理器核心與設計服務合作夥伴；巨有服務包含 Andes/RISC-V/ARM 平台，歷史里程碑稱 2009 年成為 Andes design service partner。
  • 力旺電子 eMemory 3529 嵌入式非揮發性記憶體 IP 合作夥伴；公司官網列 eMemory Products。
  • Rambus IP 合作夥伴，美國上市公司；公司簡報列為全球合作夥伴。
  • True Circuits TCI IP 合作夥伴，未確認台股掛牌；公司官網列 TCI Product Matrix。
Downstream
  • 工控系統與工業應用客戶 年報揭露客戶主要包含工控系統廠商；實際客戶名稱因契約保密未揭露。
  • 車用、醫療、網通、消費性電子系統廠商 年報揭露主要客戶類型；終端應用涵蓋車用 IC、醫療、網通、消費電子、AIoT、5G、影像處理等，實際公司名稱未公開。
  • IC 設計公司與系統廠 公司提供 ASIC/SoC 設計代工與 Turnkey 量產服務，下游客戶包括 Fabless IC 設計公司與系統業者；名稱以代號揭露。
  • 乙客戶 2024 年報代號客戶，2024 年銷貨 116,252 千元，占 17%；契約保密未揭露名稱，關係為非關係人。
  • 戊客戶 2024 年報代號客戶，2024 年銷貨 112,691 千元，占 17%；契約保密未揭露名稱，關係為非關係人。
  • 甲客戶 2024 年報代號客戶，2024 年銷貨 82,537 千元，占 12%；契約保密未揭露名稱，關係為非關係人。
  • 北美大型客戶 第三方法說摘要稱 2026 年 4nm NRE 設計服務案來自美國大型客戶；公司未揭露名稱，屬未確認身份之下游客戶。

Competitors

  • 創意電子 3443 台股上市 ASIC 設計服務與台積電 DCA 夥伴；年報稱創意、世芯及智原在同產業市場占有率合計六成以上。
  • 世芯-KY 3661 台股上市 ASIC 設計服務公司，聚焦高階 ASIC／HPC／AI 客製化晶片，為巨有在高階 NRE 與 Turnkey 市場的主要競爭者。
  • 智原科技 3035 台股上市 ASIC 設計服務與 IP 供應商；年報列為同產業主要業者之一。
  • M31 6643 台股上櫃高速介面與矽智財 IP 公司；非完整 ASIC Turnkey 同業，但在 IP 與設計服務鏈部分重疊。
  • 力旺電子 3529 台股上櫃嵌入式非揮發性記憶體 IP 公司；屬 IP 供應鏈與部分競合關係。
  • 晶心科技 6533 台股上櫃處理器 IP 公司；與巨有在 SoC 平台與 IP 整合生態有競合關係。
  • 安國國際 8054 台股上櫃 IC 設計／AI 與 ASIC 相關業務公司；Yahoo 同類股頁面列於櫃半導體相關股票，與部分 ASIC/AI 晶片市場有重疊。
Sources（9）

This company profile is compiled from public sources (annual reports, filings, news and analyst reports), not finlab backtest data; the 2025–2028 outlook contains forward-looking estimates and is for reference only.

Method and limitations

  • All returns use adjusted close (etl:adj_close), already adjusted for dividends and splits.
  • Excess return is measured against the TAIEX total-return index (dividends included).
  • Valuation regime and percentile stats use an expanding own-history window (no future data).
  • Revenue-signal event dates align to the first trading day after the filing deadline, avoiding look-ahead.
  • Event samples may overlap in time; stats describe historical distribution only and are less reliable when samples are few.

This page is historical statistics for educational purposes and is not investment advice. Investing involves risk; past performance does not indicate future results. Assess and bear the risk yourself before trading.