Semiconductor equipment supplier Gallant Precision Machining Co (均豪) yesterday reported its best annual profit in 19 years last year, as booming artificial intelligence (AI) chip demand boosted sales of its advanced packaging equipment.
Net profit surged about 40 percent to NT$415 million (US$13.12 million), compared with NT$297 million in 2024, the company said in a regulatory filing.
Earnings per share rose to NT$2.58 from NT$1.82.
Photo: Grace Hung, Taipei Times
Revenue grew 5.18 percent annually to NT$4.67 billion from NT$4.44 billion in 2024.
Gallant Precision said revenue growth momentum would remain strong this year and next year as major customers continue to spend heavily on new equipment to boost chip-on-wafer-on-substrate (CoWoS) packaging capacity amid strong AI chip demand.
In addition, accelerating development of new AI chips among major chipmakers is expected to help boost demand for semiconductor components and equipment, Gallant Precision said.
CoWoS technology is mostly used to package AI chips for Nvidia Corp, the company told investors in November last year.
Gallant Micro Machining Co (均華), Gallant Precision’s 58 percent-held subsidiary, specializes in supplying chip sorters and die bonders for advanced packaging technologies such as CoWoS, it said.
Gallant Precision supplies strip grinders and automated optical inspection (AOI) equipment and services for the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (台積電), and major chip packaging and testing service providers led by ASE Technology Holding Co (日月光投控).
In addition, the company supplies chemical-mechanical polishing and cleaning equipment, and AOI equipment and services for reclaimed-wafer companies.
The company remains positive over the mid-to-longer term, as one of its key customers aims to increase local component supply to 30 percent of its total by 2030, up from 10 percent, Gallant Precision said.
It is also mulling overseas deployment, especially in the US, Japan and Germany, following the lead of its key customer, it said.
Semiconductor equipment made up about half of Gallant Precision’s revenue in the third quarter of last year.
The company redirected its resources to semiconductor equipment manufacturing from flat-panel equipment in 2023.
The strategic change helped improve the company’s gross margin to 35.9 percent in the third quarter last year, from 25.2 percent in 2023, it said.
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