Home Press Releases iST June 2020 Revenue Report

iST June 2020 Revenue Report

Home Press Releases iST June 2020 Revenue Report

iST June 2020 Revenue Report

by yuting

Issued Date: 2020/07/10
Issued By: iST

iST(TWSE:3289) today (July 10, 2020) announced its net revenues on a consolidated basis, the revenues of June 2020 were approximately NTD$ 264 million, which increased 4.97% MoM and 28% YoY, compared to the revenues NTD$ 206 million of June 2019.

The growth of iST’s revenues in June MoM and YoY, benefits from the orders of Taiwan IC design houses for the latest chip verification on R&D stage, and the boosting of advanced manufacturing process from wafer foundries, as well as the demands for HPC and AI of 5G. Overall, the business of iST recently is in a very good condition, and iST is optimistic about its revenues in the second half of the year.

iST is the very first laboratory for verification and tests of electronic industry in Taiwan. It has provided one-stop verification solutions including Reliability Verification (RA), Failure Analysis (FA), and Material Analysis (MA) to thousands of customers over the past 26 years. iST’s customers cover the whole spectrum of the global electronics industry from IC design house, wafer foundry to packaging and testing factory, it is also a third-party impartial laboratory recognized by many global brands. In response to the rapid development of wafer foundry advanced process, and the constant research and development of IC design, services of RA, FA and MA of iST have been growing continually.

iST pointed out that the development of advanced manufacturing process is getting faster and faster and each process adjustment requires re-analysis of the materials and the quality verification, which it is a growth engine for iST’s business.

Since the global economy has gradually unlocked from the COVID-19 pandemic, and the launch of 5G services in Taiwan this month, the verification orders from mobile, server and other relevant 5G chip manufacturers will be increasing. Where there is demand for research and development, there will be corresponding requirement for verification to ensure the quality, thus, this will be the driving momentum for iST’s future business.

iST(TWSE:3289) June 2020 Revenue Report

(Unit: NT$ thousand)

Period June January to June
2020 264,160 1,502,279
2019(Note 1)  206,370  1,089,220
Increase(Decrease)  57,790  413,059
Increase(Decrease)(%)  28.00%  37.92%

Note 1: Since December 2019, iST Taiwan has signed a SPA to transfer iST Shanghai to Chinasti. Hence, for a more accurate comparison, the revenues of 2019 and 2020 in this table does not include revenues of iST Shanghai.

About Integrated Service Technology

Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including Failure Analysis, Reliability Verification, Material Analysis, Automotive Electronic Verification Platforms and Signal Integrity Testing Services. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.

In response to iST’s mission of providing integrated solutions to customers, iST not only focuses on its core laboratory services but also enters the mass production services of wafer backend process. http://www.istgroup.com