iST Reports Record-High January Revenue 2024

iST (TWSE:3289), an IC analysis and verification lab of electronic industry, today (February 15, 2024) announced its net revenues on a consolidated basis, revenues for January 2024 reaching approximately NT$372 million, reflecting an increase of 14.74% MoM and an increase of 11.17% YoY respectively, setting a historic record high.

The surge is attributed to the ongoing trends in AI, advanced manufacturing processes and advanced packaging, automotive electronics, space component verification, and high-speed communication such as 5G/6G. The company attributes the robust demand for its services in Material Analysis (MA), Failure Analysis (FA), and Reliability Assurance (RA) to the flourishing development of high-end chips. As international chip manufacturers witness a rise in gross profit margins, their willingness to place long-term orders has strengthened, responding to the market’s continuously increasing demand for improved chip quality.

iST further emphasizes the optimistic outlook for AI development in the market. However, the critical element for AI advancement, high-performance computing (HPC), necessitates advanced 3D stacking packaging technology to achieve size reduction and performance enhancement goals. As complex structures with heterogeneous materials are stacked layer by layer, challenges such as differing coefficients of thermal expansion emerge, directly impacting product reliability and lifetime. AI has already become a universally recognized “hard demand,” and with the flourishing development of various AI applications, advanced reliability verification analysis has become an indispensable core requirement for AI development.

Additionally, in response to the demand for advanced process verification, iST has strategically enhanced its layout in material analysis in recent years. With a 50% increase in material analysis production capacity, the company has successfully attracted overseas orders, contributing to its revenue. In the realm of automotive electronic verification analysis, the company notes significant growth in the number of semiconductor components used in electric and autonomous vehicles, aligning with the global trend of energy-efficient and carbon-reducing green energy vehicles. Being the first third-party impartial laboratory recognized by the Automotive Electronics Council (AEC) in Asia, iST is well-positioned in the automotive electronics sector.

Looking ahead, iST unveils its ” iST 2.0″ initiative, not only expanding its platforms in AI, electric vehicles, advanced manufacturing processes, advanced packaging, space component verification, and the wide band-gap semiconductors but also introducing a comprehensive one-stop service. The company aims to shift from “solving customers’ pains” to the higher goal of “making customers’ tasks easier,” offering faster and better overall solutions.

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 Assurance, Material Analysis and so on. 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 the growing future trends, iST has established platforms for 5G/HPC/AI, Automotive Electronics verification, Space Satellite verification, Advanced Processes and Wide-bandgap Semiconductors, LTS ( low-temperature soldering) Process verification platforms, as well as High-speed Transmission Signal Testing, offering comprehensive verification and analysis services. With a commitment to providing complete solutions to customers, iST has expanded its services beyond verification to encompass Wafer Backend Process for mass production service.

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