iST April Revenue Marks a Record High for April in History

Hsinchu, Taiwan, R.O.C. May 10, 2024 – iST (TWSE:3289), an IC analysis and verification lab of electronic industry, today announced its net revenues on a consolidated basis. The consolidated revenue for April 2024 reached approximately NT$342 million, a decrease of 11.98% from the previous month but an increase of 13.89% compared to the same period last year, marking a record high for April in history. Cumulative revenue for January-April reached 1.411 billion, representing a year-on-year increase of 10.12%.

iST indicated that despite the slowdown in the electric vehicle market, the AI and HPC high-speed computing market continues to thrive. This trend has driven the demand for related engineering verification, thereby boosting the demand for fields such as Material Analysis (MA), Failure Analysis (FA), and Reliability Assurance (RA). It is these factors that enabled iST to achieve record-high revenue in March, and sustain its revenue at a high level in April, even reaching a new high for the same period in recent years.

iST observed, despite the gradual slowdown in the growth rate of the electric vehicle market compared to previous years, the International Energy Agency (IEA) predicts that by 2035, electric vehicle adoption rates in Europe and North America will exceed 85% and 70%, respectively. In the medium to long term, as countries continue to introduce stricter environmental regulations, the electric vehicle market is expected to continue expanding.

Worth to mention that the Automotive Electronics Council (AEC) has announced the release of the AEC-Q007 specification in March this year, marking a significant advancement for automotive electronic design and verification. AEC-Q007 focuses on Board Level Reliability (BLR) testing for automotive applications, integrating the design of components with printed circuit boards (PCBs) to provide comprehensive reliability assurance for automotive electronics.

Another piece of good news is that this year marks iST’s 30th anniversary. With the launch of iST 2.0, the company is embarking on a new journey. Recently, in the “Corporate Governance Evaluation” of the 113th fiscal year announced by the Taiwan Stock Exchange, iST was honored to be ranked among the top 6-20% range out of 754 listed companies. This recognition reflects iST’s commitment and achievements in upholding shareholder rights, treating shareholders equally, strengthening the structure and operation of the board of directors, enhancing information transparency, and promoting sustainable development. It underscores iST’s commitment to good corporate governance.

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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