Taiwanese chip testing provider Xintec Inc. reported a sharp increase in quarterly profit, highlighting the semiconductor industry’s recovery despite broader market uncertainties.
Net income climbed to NT$561 million (US$17.8 million) in the third quarter, up 73% from the previous three months. Revenue rose to NT$2.17 billion (US$68.9 million), marking a 32% increase from the second quarter and a 15% gain from a year earlier.
For the first nine months of the year, the company’s net profit reached NT$1.21 billion (US$38.4 million), representing a 29% increase from the same period last year. Earnings per share rose to NT$4.47 from NT$3.47 a year earlier.
The Hsinchu-based firm, which provides testing services for semiconductor manufacturers, benefited from increased chip testing demand and improved capacity utilization. The results suggest a broader recovery in Taiwan’s semiconductor supply chain, a crucial indicator for global electronics production.
