MPI, a key player in the test interface factory sector, has reported a significant upswing in its first-quarter financial results. The company noted a 40.7% annual increase in after-tax surplus, reaching NT$394 million, with a notable 43.3% jump from the previous quarter. This growth propelled the after-tax earnings per share to a record NT$4.18, the highest for the period in question.
Despite a 6.6% decrease in revenue from the previous quarter, MPI’s revenue grew 14.8% year-over-year to NT$2.046 billion. This revenue expansion is largely due to an advantageous product mix and favorable exchange rates, which helped push the gross profit margin to a new peak of 50.12%, and the operating profit rate to 18.9%.
MPI attributes much of this fiscal success to the burgeoning demand for AI chips amid the generative AI boom. With cloud service providers escalating their self-made chip efforts, the need for sophisticated testing via probe cards has surged. This demand has favorably impacted MPI, given its comprehensive product offerings and localized service model.
Additionally, the company has improved its standing in the global probe card market, moving up to fourth place from fifth, according to a recent TechInsights report. This rank improvement reflects an increased customer recognition of MPI’s technical prowess.
With semiconductor experts projecting a growth rebound in the sector this year, primarily driven by AI applications, MPI is well-positioned to capitalize on this trend. Its strategic collaborations with leading global customers in the testing arena are expected to further bolster operational growth throughout the year.
