NuAxiSemiconductor trade intelligence

Techwing's Third-Quarter Revenue More Than Doubles on Memory Chip Boom

What happened

Techwing said in a regulatory filing on Oct. 14 that preliminary third-quarter revenue reached approximately 87.8 billion won and operating profit about 18 billion won, year-on-year increases of 110.18% and 153.04% respectively, benefiting from a boom in the memory semiconductor market. Cumulative revenue for the first nine months of this year was approximately 197 billion won with operating profit of about 40.2 billion won, both already exceeding last year's full-year revenue of about 159.1 billion won and operating profit of approximately 15.8 billion won. The company attributed the growth to increased capital spending by Samsung Electronics, SK hynix and Micron, the three major memory chipmakers; as the three memory manufacturers expand their fabs and increase wafer production, demand for testing has grown and demand for memory test handlers has surged. Techwing supplies HBM testing equipment to all three companies, Micron is a major customer, and memory test handlers such as the TW350HT account for the largest share of the company's business. Revenue from a new product supplied to Samsung Electronics was also recognized in the third quarter; Techwing disclosed in August that it had been supplying HBM testing equipment worth 9.72 billion won to Samsung since June, confirmed to be its Cube Prober equipment. The Cube Prober is an HBM die testing system that performs comprehensive testing of logic and core dies and can test 256 dies simultaneously at temperatures ranging from minus 40 to 150 degrees Celsius; Techwing has been supplying Cube Prober equipment to Samsung Electronics since last year and also supplies it to SK hynix.