Company type
Limited Corporation
216 MDKK
Gross profit
Operating Profit (EBIT)
Profit for the Year
306 MDKK

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Rank Profit for the Year

Rank in industry
"Top 10%"
Rank in Denmark
"Top 10%"

Top management Top 3

Board Top 3

Hsiu-Lan Hsu 1Chairman of board
Wei-Wen Chen 1Vice chairman
Hans Peder Skytte Mikkelsen 1Boardmember

Legal owners Top 3

100%GlobalWafers B.V.

Rights certificate

Selskabet tegnes af den samlede bestyrelse eller af den administrerende direktør i forening med bestyrelsens formand eller af den administrerende direktør i forening med to bestyrelsesmedlemmer eller af den administrerende direktør alene.

Company information based on CVR

NameTopsil Globalwafers A/S
Alternate namesTopsil A/S, Topsil Newco A/S, Topsil Semiconductor Materials A/S Show more
AddressSiliciumvej 1, 3600 Frederikssund
IndustryManufacture of other inorganic basic chemicals [201300]
Established01-07-2016 (4 yr)
Company typeLimited Corporation
Number of employees110 (Fin.Stmt)
Advertising protectionNo
AuditorLpog Aps Statsautoriserede Revisorer since 09-05-2017
Financial statement period01-01 to 31-12
Company capital1,000,000 DKK
Articles of assoc. last01-07-2016


Selskabets formål er at udføre produktion og handelsmæssige aktiviteter, primært i halvledermaterialer.

Financial Statement

Currency/unit000' DKK000' DKK000' DKK
Gross Profit
Profit for the Year
Total Assets

Mangement review

Business review
Revenue for the year 2018 amounted to 216.0m which is in line with the expectations.

The result for the year ended up with a profit of 16.2m compared to a profit of 5.8m in 2017. The positive result includes an adjustment of investment in subsidiaries. The result is in line with expectations.

The balance sheet total amounts to a total of 371.6m, which was an increase of 29.2m compared to 2017. The intangible and tangible assets amounted to 63.4% of the total assets compared to 67.1% in 2017. Inventories amounted to 82.4m, which was an increase of 29.3m compared to 2017. The increase of the inventory value was mainly due to movement of stock from subsidiary in Poland.

Equity amounts to 306.2m of the total balance sheet total. This is equal to 82.4% of the total balance sheet amount.

No loans has been granted by external parties as per 31.12.2018, and the management has acquired a letter of support from the parent company, GlobalWafers Co., Ltd. The letter of support states that GlobalWafers Co., Ltd. confirms to commit necessary contributions to Topsil GlobalWafers A/S to meet the company´s liabilities as it mature, to ensure the activity going forward.
Topsil GlobalWafers A/S (hereinafter refered to as Topsil) is a leading supplier of ultrapure float zone silicon for the global semiconductor industry. Topsil has specialized in producing and selling high-quality silicon for production of critical high, medium and low-power components which places high demands on the components’ electrical properties and performance.
Topsil’s silicon is produced in two different ways:
Float Zone (FZ) is produced in Denmark, and the products can handle the highest voltage levels.
Czochralski (CZ) is produced in Poland, and the products cover the lower voltage levels – with a possibility of overlapping in selected areas of applications.
Topsil’s five product types are available in different diameters. Three of the products are float zone-based, and the other two are Czhochralski-based.
FZ-NTD – Neutron Transformation Doped silicon is a high-voltage product that is primarily used in sophisticated power components in large-scale energy and infrastructure projects.
FZ-PFZ – Preferred Float Zone silicon is a medium-voltage product used for, for example, wind turbines and passenger transporter in the consumer segment.
FZ-HPS – Hyper Pure Silicon is a specialty product used in optoelectronics (X-ray and detectors).
CZ – Czochralski silicon is used for less technically sophisticated products, including consumer electronics.
CZ-EPI – is a special variant of the CZ product, in which a special crystalline coating is applied to the CZ wafer, thus improving its conducting properties, which makes the wafer suitable for rather more complex products, for example, for wind technology.
Customers and markets
Topsil has a sizeable share of the FZ-NTD market, especially in Europe, and we are determined to grow the share of the NTD-PFZ market. The European market has for long been characterized by political focus on climate solutions and enhancing energy efficiency. Topsil has successfully built a solid position in Europe. After GlobalWafers’ acquisition of the company, it has been assessed that other sales channels in the Group are considerably more powerful on the US and Asian markets than Topsil’s, and consequently the responsibility for sales and service of Topsil’s customers on these markets has been assigned to local sales offices in the GlobalWafers Group in China, Japan, Korea and the US. As predicted in 2016, Topsil’s parent company, GlobalWafers Co., Ltd., has bought a significant part of the ingots manufactured in 2018.
A silicon wafer goes through more than 100 processing steps before delivery to the customer. It is a long and complex flow that requires close monitoring to achieve the required purity. The raw material, which has different technical characteristics, is received in solid form and is melted at induction heat in a specially designed float zone puller. A uniform crystal is formed to which dopants can be added to obtain the required electrical properties.
The silicon crystal is subsequently cut into wafers, which again are post-processed according to product type and given the right surface treatment according to customer specification.

Quality control
Topsil must continuously provide world-class products to its customers. Professionalism, quality control and quality management are therefore fundamental elements in the production flow from receipt of the raw material to delivery of the finished wafers to the customers.
It is necessary to monitor each step in the production flow carefully to live up to the demanded quality standards. Topsil has implemented a finely meshed quality management system at both locations which complies with the strict requirements of the IATF 16949 Standard. IATF 16949 is especially known from the automotive industry and characterized by making significant demands on company methods, processes and documentation.
At the same time, Topsil makes use of various lean tools for a methodical and data-driven improvement of production and processes. The electrical parameters of silicon are measured to make sure that they comply with the international SEMI standards and other relevant specifications.
Topsil has published a supplier handbook outlining the principles for selection of suppliers and Topsil’s requirements for these suppliers.
Topsil continually works to minimize the consumption of resources and reduce its environmental impact. The measures introduced include, for example, development or upgrading of production equipment, recycling of resources and continual monitoring of developments in consumption in order to identify additional improvement potential. The work to mitigate Topsil’s environmental impact complies with the ISO14001 environmental standard, which is applied at both locations.
Development of Topsil’s 8” platform continued in 2018, with special focus on stabilizing and optimizing the production processes. The demand for 8” products has increased, and high efforts have been made at group level to strengthen the customer base. A number of potential customers are still qualifying Topsil’s 8” FZ products.
Furthermore, Topsil received some inquiries for FZ products with diameters below 8” with capabilities outside Topsil’s normal standard specifications which has resulted in a series of tests to strengthen Topsil’s capabilities for these products as well.
Knowledge resources
Topsil relies heavily on its knowledge resources of highly skilled and motivated silicon specialists. It is Management’s job to ensure that the organization always has the right skills, and a number of HR tools have been implemented for this purpose, including regular performance interviews to align job and skills requirements. In addition, regular employee surveys are conducted across the organization to gauge the general level of job satisfaction and job motivation. In 2018, the number of employees was totally increased by 12 persons as per 31.12.2018, a reduction in Poland with 19 people and an increase in Denmark with 31 persons.
Branches abroad
The close-down of the activities in the subsidiary in Poland has continued during 2018, and the plan is to finally close-down the activities in Poland in 2019. The CZ production and the last CZ pullers was closed in March 2018 according to the close down plan.

The decision to transfer all FZ critical processes for the FZ-production to Frederikssund was finished by end of November 2018.

In relation to the close-down of the activities in Poland, an estimated loss of 12,3M DKK has been incorporated in the annual report 2018. This amount is calculated with a high degree of uncertainty due to several assumptions and estimations, which can vary a lot.
Significant events occurring after end of reporting period
No events have occurred after the balance sheet date which could significantly affect the company's financial position.
Outlook for 2019
In 2019, revenue is expected to be at the level of DKK 290m–320m. EBIT is expected to range between a positive DKK 15-25m.
Organisation chart of the group