iSTART-TEK (iSTART, TW-6786), a leading developer in memory testing and repairing technology, announced that it will apply IPO application in June 2020, which means that it moves steadily to over-the-counter market and stock exchange market.
iSTART has been recognized by domestic and worldwide customers. The number of contracts of China customers in the first half of 2020 has reached 100% of the number of contracts of China customers in 2019. Although the market was influenced by COVID-19, the operating revenue of iSTART in the first half of 2020 has reached 95% of that in 2019.
In terms of future operation, iSTART is integrating memory IP suppliers, semiconductor manufacturers, design service companies, IC design companies, and packaging and testing companies to create exclusive ecosystem to achieve a better operating revenue.
Presently, the main market of iSTART focus on Asia, mainly Taiwan, China, and Korea. EDA tools are main products sold in Taiwan market, while IPs are main products expected to drive sales of EDA tools in China. Moreover, the next target markets are Europe and the United States. The percentage of EDA tools’ contracts accounted for 79% of all contracts and that of IP contracts took up the rest of all contracts.
iSTART, the only leading developer in memory testing and repairing technology in Asia, not only has innovative, unique, as well as memory testing and repairing technology with patent, but also provides in time technical support services. It also develops various functions of memory testing and repairing solutions that can be applied to all IC design processes, providing customers the latest, more advanced, and more efficient competitive advantages in product development.
As the development of Artificial Intelligence (AI), 5G, Artificial Intelligence of Things (AIoT), and Internet of Things (IoT), all these chips in these applications adopt advanced processes and embed more memory. At the same time, memory usages of smart phones and consumer electronic products increase. All of these constantly increase the growth of iSTART’s business.