Alchip Technologies, Limited Reports Earnings Results for the First Quarter Ended March 31, 2024
May 10, 2024 at 04:04 am
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Alchip Technologies, Limited reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was TWD 10,489.99 million compared to TWD 5,716.43 million a year ago. Net income was TWD 1,230.25 million compared to TWD 582.48 million a year ago.
Basic earnings per share from continuing operations was TWD 15.83 compared to TWD 8.09 a year ago. Diluted earnings per share from continuing operations was TWD 15.14 compared to TWD 7.76 a year ago.
Alchip Technologies, Ltd. is principally engaged in the research, development, design and manufacturing of application specific integrated circuits (ASICs) and system-on-chip (SoC) products. The Company is also involved in the non-recurring engineering of wafers, which provides IC design component database and semiconductor intellectual property (SIP), and designs and tests products produced by its original equipment manufacturer for clients. The Company also offers wafer back-end manufacturing, packaging and testing services. The Company's main products are mainly applied in digital televisions, communications network, other consumer electronics, communication equipment, medical devices and automobile electronics, among others. The Company distributes its products in domestic markets, and to Japan and mainland China.