Alchip Technologies Reports Record Q1 FY2024 Revenue and Net Income
May 16 2024 - 6:03AM
Alchip Technologies has reported record revenue of USD$333.6
million for the first quarter of its 2024 fiscal year, topping
first quarter FY2023 revenue of USD$188 million by 77.4 percent,
and fourth quarter FY2023 revenue of USD$291.1 million by 14.6
percent.
The Company also reported record net income for the first
quarter of FY2024 of USD$39 million, up 103.9 percent over FY2023
first quarter net income of USD$19.1 million. Earnings per
share for the first quarter of FY2024 reached NT$15.8.
First quarter FY2024 operating income reached USD$38.5 million,
an 84.1 percent increase over first quarter FY2023 operating income
of USD$20.9 million.
Alchip also reported that its North American Region accounted
for 77 percent of first quarter FY2024 revenue, with Asia Pacific
contributing 15 percent, Japan 1 percent and the rest of the world
6 percent.
On a technology basis, 7nm and more advanced geometry designs
accounted for 94 percent of revenue, while designs at nodes ranging
from 12nm to 40nm and larger geometries accounted for the other 6
percent. The Company’s bellwether high-performance computing
applications accounted for 93 percent of first quarter FY2024
revenue.
Soaring AI chip shipments to North America accounted for the
bulk of the revenue increase, according to President and CEO Johnny
Shen. He also pointed out that NRE revenue accounted for
15-20 percent of first quarter FY2024 total revenue.
Alchip is traded on the Taiwan Stock Exchange, with Global
Depository Receipts trading on the Luxembourg Exchange. The
Company is extremely well 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, go to www.alchip.com
About Alchip
Alchip Technologies Ltd., founded in 2003 and headquartered in
Taipei, Taiwan, is a leading global provider of silicon design and
production services for system companies developing complex and
high-volume ASICs and SoCs. Alchip provides faster time-to-market
and cost-effective solutions for SoC design at mainstream and
advanced process technology. Alchip has built its reputation as a
high-performance ASIC leader through its advanced 2.5D/3DIC design,
CoWoS/chiplet design and manufacturing management. Customers
include global leaders in AI, HPC/supercomputer, mobile phones,
entertainment device, networking equipment and other electronic
product categories. Alchip is listed on the Taiwan Stock Exchange
(TWSE: 3661).
- 2024 Q1 Revenue Breakdown by Region
Charles Byers
Alchip Technologies
+ (408)-310-9244
chuck_byers@alchip.com