Cica-Huntek Chemical Technology Taiwan Co (CHCT, 矽科宏晟), a provider of semiconductor chemical supply systems, yesterday said revenue would grow significantly next year, driven mainly by its expansion into Southeast Asian markets as customers accelerate production deployments against geopolitical risks.
The Hsinchu-based company, which is scheduled to make its debut on the Taipei Exchange later this month, also helps customers build manufacturing facilities, including advanced chip packaging chip-on-wafer-on-substrate fabs.
The company said about 80 percent of its revenue came from domestic projects last year.
Photo: CNA
It said in addition to Japan and Southeast Asian markets, it is also vying for a piece of the US market.
The company’s revenue in the first 10 months of this year grew 25 percent year-on-year to NT$3.18 billion (US$101.9 million). Full-year revenue is expected to more than double from last year, Taishin Securities Investment Advisory Co (台新投顧) projects.
“We are very positive about revenue growth next year. The growth rate should exceed that of this year,” CHCT president Alex Ko (柯燦塗) told a media gathering in Taipei yesterday.
Net profit in the first three quarters of the year dropped 22 percent to NT$267 million, from NT$343 million in the same period last year. Earnings per share slid to NT$8.09 from NT$10.38.
The company helps install and maintain chemical supply systems at chipmakers’ plants utilizing advanced 3-nanometer technology to less advanced 28-nanometer process technology.
The company said it is in discussion with a major customer to supply systems for 2-nanometer fabs.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is CHCT’s biggest customer, contributing about 11 percent to its revenue last year, Taishin said.
Japan’s Santo Chemical Engineering Co has 3 percent stake at the company, while Taiwan’s Huntek Systems Co (宏晟) has 19.47 percent stake and L&K Engineering Co (亞翔) 7.58 percent.
An investment entity owned by CHCT chairman Ted Kuo (郭錦松) also holds stakes in the company.
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