Product Range and Strong Demand Boost Chunghwa Precision’s 2022 Outlook

  • By Chen Cheng-hui / Staff Reporter

Wafer testing service provider Chunghwa Precision Test Technology Co (CHPT, 中華精測) reported yesterday that last month’s revenue rose 27.22% from February, but fell 7.86% to NT$323.78 million ($11.28 million) over last year.

“A more diverse product line and increased customer demand in the United States mitigated the seasonal impact,” Chunghwa Precision Test said in a statement.

First-quarter revenue was NT$829.1 million, down 34.88% quarter-on-quarter but up 2.18% year-on-year, it said. .

Photo: Grace Hung, Taipei Times

The company has seen strong demand for its vertical probe board business, which provides services for 5G products such as radio frequency (RF) chips and smartphone application processors.

As Russia’s war on Ukraine continues, its effects on the global economy and supply chains are coming to light, the company said.

However, Chunghwa Precision maintains a cautiously optimistic outlook on this year’s business outlook as the global semiconductor industry continues to expand, he said, adding he was confident in its rollout strategy. worldwide and its complete line of products, including a variety of probe cards. with micro-electromechanical systems.

“With the advancement of 5G technology and the evolution of high-tech products – from smartphones to devices that use artificial intelligence [AI]like self-driving cars and the Metaverse – global chipmakers are moving towards developing chips with more computing power and higher speeds,” the company said.

Chunghwa Precision said chips developed by its US customers – including core, RF, high-performance computing, high-speed transmission and memory chips – will open up opportunities for its products and help it grow in new markets.

Last year, revenue edged up 0.78% to a record NT$4.24 billion from NT$4.21 billion in 2020, while net profit fell 4.5% per annum to NT$892 million, with earnings per share of NT$27.2 million, according to company data.

Chunghwa Precision’s board of directors proposed in February to distribute a cash dividend of NT$13.6 per share, representing a payout ratio of 50%, the highest in the company’s history.

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