Taiwan-based semiconductor equipment maker Trusval Technology remains optimistic about its business prospects for the second quarter, as its chipmaking customers are still stepping up order placements despite an unfavorable macro environment.

Trusval said chipmaking clients continue to increase capital expenditures for a new round of fab construction and capacity expansion in line with the accelerating global digital transformation and high-tech electronics applications, promising bright prospects for the company in the second quarter and beyond.

The company stressed its orders in hand and visibility of prospective orders are both at high levels.

Trusval said its shipments of chemical, gas and slurry supply systems have been rising steadily since 2021, driving up the revenue contribution ratio for its system integration business to 40% as of the first quarter of 2022. Its sales of other product lines – functional water supply systems and waste treatment solutions for advanced processes – also continue to contribute to its revenue and profit gains.

Company statistics show its first-quarter 2022 revenues jumped 41.9% on year to NT$537 million (US$18.08 million), and net profits for the period shot up 118.4% on year to NT$31.65 million, a quarterly high in three years.

Its April sales rose 47.16% on year to NT$159 million, the best-ever performance for the same month, and January-April revenues advanced 43.08% on year to NT$696 million, also a new high for the period.

By 24HTECH.asia