Skytech reported a 64% jump in net profit to 261 million yuan (US$36.2 million) for the first nine months of 2023, driven by strong demand for its semiconductor equipment and maintenance services.
The Taiwan-based company expects fourth-quarter revenue to hit a yearly high, supported by order visibility extending into mid-2024. The firm’s business is split between equipment component maintenance and self-developed semiconductor tools, with each segment projected to contribute 50% of revenue this year.
Looking ahead, self-manufactured equipment sales are poised to overtake the spare parts division next year, reflecting the company’s strategic shift toward higher-margin products. To meet rising demand, Skytech is more than doubling capacity at its Hsinchu facility, with a new clean room scheduled to open January 1.
While revenue growth slowed in recent months, management anticipates a rebound in November and December. The uptick in advanced process components and packaging equipment orders suggests potential market share gains in the competitive semiconductor supply chain.
