Alchip Technologies Announces Record 2022 Financial Performance

Alchip Technologies, a leading global provider of silicon and design and production services for system companies developing complex and high-volume ASICs and SoCs, has announced its record-breaking financial performance for 2022. The company’s fiscal year 2022 revenue reached a record $460.5 million, a 23.7% increase over FY 2021 revenue of $372 million. Operating income for FY 2022 achieved a record $77.5 million, an increase of nearly 19% over 2021 operating income of $65.2 million. FY 2022 net income reached $61.5 million, a 15.6% increase over FY 2021 net income of $53.1 million. Earnings per share for the FY 2022 achieved a record NTD25.7 exceeding last year’s previous record of NTD21.34.

Alchip Technologies has strengthened its position as a leading high-performance computing ASIC company in 2022, with high-performance computing applications accounting for 82% of revenue, with niche and networking applications accounting for a combined 12%, consumer applications accounted for the remaining 6% of 2022 sales. On a process node basis, advanced technologies, defined as devices manufactured at 7nm or smaller line widths, accounted for 68% of 2022 revenue, up from 60% in 2021. Devices manufactured on 16nm and 12nm technologies contributed to 20% of 2022 revenue, while ASICs at 28nm and larger processes accounted for the remainder 13%.

Alchip Technologies has partnered with tier-one systems companies on 7nm and 5nm SoC designs targeting high-end, complex artificial intelligence, networking, and high-performance computing applications. President and CEO Johnny Shen, in his remarks, forecasted that ASIC demand would remain strong through 2025, driven primarily by a significant growth in globally-diverse sales and the continued strength of high-performance computing in the overall semiconductor market. Alchip’s growth is expected to be significantly enhanced by Alchip’s progress in capturing a significant share of emerging ASIC applications in the Automotive IC market segment.

Source: Stockhouse

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