Aspeed Technology to list on GRETAI next quarter

By Camaron Kao  /  Staff reporter

Fri, Feb 01, 2013 - Page 13

Aspeed Technology Inc (信驊科技), which makes chips used in servers supporting cloud computing technology, has received the regulator’s approval to debut its shares on the GRETAI Securities Market next quarter.

Aspeed has an initial capital of NT$213 million (US$7.3 million).

The company has posted a 33.7 percent composite annual growth rate in revenue over the past five years because of rising demand for advanced cloud computing technology, Yuanta Polaris Securities Co (元大寶來證券) said.

The brokerage house is underwriting the sale of Aspeed shares.

Aspeed counts well-known global contract electronics manufacturers as its clients. The firm’s chips have been used in the servers installed on Taipei’s MRT metropolitan rail system, including on the Xinzhuang Line (新莊線), at Xizhi train station (汐止車站) and at Taipei Bus Station (台北轉運站), helping transmit images and sounds to distant monitors.

In the first three quarters of last year, Aspeed’s net profit amounted to NT$96.59 million, or earnings per share of NT$4.65.

The company did not provide comparative figures.

Aspeed posted record-breaking revenue of NT$484 million last year, up 40 percent from NT$346 million in 2011.

Aspeed said the increasing development of cloud computing would provide strong demand for servers using the chips the firm produces. Furthermore, Aspeed expects increasing demand in existing data centers, bringing growth momentum for the company.

The company has also obtained strategic investment from US giant Intel Corp and has licensed virtualization technology from Microsoft Corp to develop chips used in desktop PCs.

Aspeed shares remained flat yesterday at NT$123 per share, underperforming the emerging stock market weighted index, which rose 0.22 percent.