Skip to main content

Alchip Technologies Sets Record Quarterly Revenue and Net Income

Q2’23 YoY Revenue increases by over 150%

2023 Q2 Revenue Breakdown by Region

Over 60 percent of Alchip’s record second quarter 2023 revenue were driven by the North American Region, dwarfing the contributions of the Asia Pacific Region’s 17 percent contribution. The remaining 21% came from Japan and Other Regions.
Over 60 percent of Alchip’s record second quarter 2023 revenue were driven by the North American Region, dwarfing the contributions of the Asia Pacific Region’s 17 percent contribution. The remaining 21% came from Japan and Other Regions.

Taipei, Taiwan, Sept. 20, 2023 (GLOBE NEWSWIRE) — Alchip Technologies’ Q2 2023 financial results set quarterly revenue, gross profits, and net income records for the company.

Second quarter 2023 revenue notched a record $258.5 million, up more than 155 percent from Q2 2022 revenue of $101.1 million, and up 37.5 percent over Q1 2023 revenue of $188 million. Gross profits for the second quarter of 2023 were a record $55.1 million, a 58 percent increase over Q2 2022 gross profits of $34.9 million, and a 40 percent increase over Q1 2023 gross profits of $39.4 million.

At the same time, the second quarter 2023 net income set a record of $23.9 million, 65.1% higher than Q2 2022 net income of $14.5 million, and up 25.2 percent when compared to Q1 2023 net income of $19.1 million. Earnings per share for Q2 2023 were NTD 10.16.

Much of the Q2 2023 revenue record can be traced to the fact that 81 percent of all dollars were driven by high-performance computing applications. These same HPC applications accounted for an identical 81 percent of 2023 yearly revenue to date. On a process technology basis, revenue derived from designs at 7nm and more advanced accounted for 87 percent of Q2 2023 revenue and 81 percent of first half 2023 revenue. Equally insightful was the announcement that the North America region accounted for 62 percent of Q2 2023 revenue, dwarfing the Asia Pacific region’s 17% contributions. Japan and other regions’ income accounted for 21 percent of Q2 2023 revenue. As of year-to-date in 2023, the North American region has accounted for 63 percent of the total revenue, while the Asia Pacific region accounted for 20 percent, and Japan and other regions accounted for 17 percent.

Commenting on the record results, Alchip President and CEO, Johnny Shen credits the quarter-to-quarter increase to a pull-back in customer shipments in Q1 2023, then a push for higher production from those same customers in the second quarter of this year. 

For a more information on Alchip, 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 and 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).

Attachment

CONTACT: Charles Byers
Alchip Technologies
+ (408)-310-9244
chuck_byers@alchip.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.