Alchip Technologies’ 2021 annual revenue sets record for four consecutive years

New highs also for operating profit, net profit and EPS

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Three-year revenue trend by process node and application.

Taipei, Taiwan, March 17, 2022 (GLOBE NEWSWIRE) — Taipei, Taiwan, March 18, 2022 — Alchip Technologies’ 2021 financial performance set records for revenue, net profit and earnings per share. The company also reported fourth quarter results that topped year-over-year numbers.

Operating revenue for fiscal 2021, ending Dec. 31, reached a record $372 million, or 55.4%, an increase from 2020 revenue of $239.6 million. Net earnings for 2021 reached a record $53 million, an 88.2% increase over 2020 net earnings of $28.3 million, while gross margins for 2021 reached $34.1 %, with an operating margin of 17.53%. Earnings per share for the year 2021 reached a record high of NTD21.34.

At the same time, the company released its fourth quarter 2021 results with revenue of $89.2 million, a 34.3% year-over-year increase from revenue. fourth quarter 2020 business of $66.4 million.

Despite a negative global economy caused by the COVID-19 pandemic, Alchip has benefited from the seismic shift in work habits and consumer behavior that is driving strong demand from the high performance computing and artificial intelligence market segments.

Overall, Alchip strengthened its position as a leader in high-performance computing ASICs. Around 96% of revenue came from advanced designs (28nm and smaller process technology) and mass production of highly complex packages such as CoWoS and MCM. The company has also partnered with leading systems companies on demanding 7nm and 5nm SoC designs targeting high-end and complex artificial intelligence, networking, and high-performance computing applications.

Chairman and CEO Johnny Shen said Alchip expects strong demand in 2022 to come from artificial intelligence, high-performance computing and Internet of Things applications, as Alchip has completed a significant number of cutting-edge design projects. He also pointed out that a number of high-production-quantity artificial smart devices, the majority of which target the 7nm process technology node, entered mass production in 2021, which largely explains the performance. company record.

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Also in 2021, Alchip recorded a significant number of 16nm, 12nm and 7nm designs. Several of the 7nm designs involved advanced packaging technology. A number of 5nm designs will be registered in 2022 and a 3nm test chip is in development, with tape release expected in late 2022.

Alchip is listed on the Taiwan Stock Exchange and its Global Repository Receipts are listed on the Luxembourg Stock Exchange. The company is highly respected in Japan, Israel and Asia for its high-performance ASIC design methodology, flexible business model, best-in-class IP portfolio and advanced expertise in packaging technology.

For more information about Alchip, visit www.alchip.com.

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About Alchip

Alchip Technologies Ltd, headquartered in Taipei, Taiwan, is a leading global provider of silicon design and production services for systems companies developing complex, high-volume ASICs and SoCs. The company was founded by semiconductor veterans from Silicon Valley and Japan in 2003 and provides faster, more cost-effective solutions for SoC design at mainstream and advanced levels, including 7nm processes. Customers include world leaders in AI, HPC/supercomputing, mobile phones, entertainment devices, networking equipment and other electronic product categories. Alchip is listed on the Taiwan Stock Exchange (TWSE: 3661) and the Luxembourg Stock Exchange and a TSMC certified value chain aggregator.

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(Annual results from slides 8 and 9 of the financial presentation)

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CONTACT: Charles Byers Alchip Technolgies + (408)-310-9244 [email protected]