Home Networking company Alchip Technology sets record net income and profit per

Alchip Technology sets record net income and profit per

0

Taipei, Taiwan, May 10, 2022 (GLOBE NEWSWIRE) — Alchip Technologies’ first quarter 2022 financial results set a quarterly net profit record, while setting top two marks for geographic revenue distribution and revenue contributions advanced technologies.

First-quarter 2022 net income set a record $16 million, outperforming first-quarter 2021 net income of $13.7 million by 17.2%. and fourth quarter 2021 net income of $12.7 million by 26.1%.

First-quarter 2022 revenue reached $93.5 million, up 4.7% quarter-over-quarter from fourth-quarter 2021 revenue of $89.3 million dollars, but down 0.3% from first-quarter revenue of $93.7 million a year ago.

Meanwhile, first-quarter 2022 operating profit was reported at $19. 6 million, a 10.8% increase over first quarter 2021 operating income of $17.6 million and a 28% increase over fourth quarter 2021 operating income of $15.3 million

Earnings per share for the first quarter of 2022 also set a record NT 6.32. The historic increase was partly due to a strong gross margin of 38.6% in the first quarter, explained by strong sales of NRE. NRE sales accounted for more than 60% of Q1 2022 revenue.

Elsewhere, the company left unchanged its forecast for promising further revenue growth in 2022, while commenting that the slight quarter-over-quarter revenue growth was due, in part, to supplies. limited in ABF substrate. performance computing applications.

President and CEO Johnny Shen highlighted that the outlook for 2022 is based on business generated by advanced technologies, noting that the company is experiencing its highest global demand for 5nm opportunities, accompanied by ‘a dramatic increase in mass production revenue driven by artificial intelligence and high-performance computing applications.

Alchip also reported bullish indications on some of its fundamentals. For the first time in the company’s history, North America accounted for the largest share of revenue at 29%, surpassing the former leader China’s 27% contribution. Japan accounted for 20% of revenue, with the rest of the world accounting for the remaining 24%.

On an application basis, high-performance computing accounted for 83% of Q1 2022 revenue, up from 78% share in Q4 2021 and a total share of 81% in 2021.

Alchip is listed on the Taiwan Stock Exchange, while Global Repository Receipts trade on the Luxembourg Stock Exchange. The company is highly respected in North America, Japan, Israel and Asia for its high-performance ASIC design methodology, flexible business model, best-in-class IP portfolio and advanced packaging technology expertise.

For more information about Alchip, visit www.alchip.com

About Alchip

Alchip Technologies Ltd., headquartered in Taipei, Taiwan, is a leading global provider of silicon design and production services for system companies developing complex, high-volume ASICs and SoCs. The company was founded by semiconductor veterans from Silicon Valley and Japan in 2003 and provides faster, more cost-effective solutions for SoC design at mainstream and advanced levels, including 7nm processes. Customers include world leaders in AI, HPC/supercomputing, mobile phones, entertainment devices, networking equipment and other electronic product categories. Alchip is listed on the Taiwan Stock Exchange (TWSE: 3661) and is a TSMC Certified Value Chain Aggregator.

  • Q1 2022 revenue composition by process nodes