Yaho System forecasts steady revenue growth
CRITICAL ROLE: The company expects ‘relentless demand for equipment installation, de-comissioning or equipment retrofit,’ Yaho System’s president said
By Lisa Wang / Staff reporter
Semiconductor hookups service start-up Yaho System Technology Co (垚鋐) yesterday said it expected steady revenue growth through 2028, buoyed by aggressive factory expansions across its customer base.
Hookups service providers such as Yaho play an increasing critical role in helping chipmakers building chip manufacturing facilities overseas scale up production. The complexity of tool hookups increases as fabs move toward more advanced nodes such as 3-nanometer or 2-nanometer nodes.
Yaho, based in Hsinchu, serves as a provider of secondary hookups, connecting those sub-main lines directly into the inlet points of the specific manufacturing tool.
Semiconductor hookups service startup Yaho System Technology Co president Sam Yu poses for a photograph at the company’s booth during the Semicon Taiwan trade show at the Taipei Nangang Exhibition Center’s Hall 2 yesterday.
Photo: Lisa Wang, Taipei Times
Yaho was among the first cohort of local semiconductor fab construction and equipment-installation providers to partner with their primary foundry client in scaling operations into the US in 2023.
“We are expecting steady revenue growth. Order visibility is health and can stretch to 2028,” Yaho System president Sam Yu (余鉦鋒) said at the company’s booth at the annual Semicon Taiwan show in Taipei.
The company boasts a robust team of 80 highly skilled American technicians in Arizona.
Yaho did not disclose the names of its customers.
In the US, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has announced an ambitious expansion plan by investing US$265 billion on building 12 chip fabrication faculties and advanced packaging plants in Arizona.
In addition to the US, Yaho has set up overseas subsidiaries in Japan, Germany and Singapore, following in the footsteps of its customers, it said.
In search of a sustainable revenue stream, the company is accelerating its expansions into the semiconductor equipment installation segment, which delivers a robust gross margin, Yu said.
“As semiconductor equipment continues advancing rapidly, there will be relentless demand for equipment installation, de-commissioning or equipment retrofit,” Yu said, adding that “factory construction demand will eventually plateau.”
Yaho aims to boost semiconductor installation-related business to contribute half of the company’s total revenue by 2029 and to gradually become a major revenue contributor beyond 2030, Yu said.
Yaho seeks to debut its shares on the Emerging Stock Market within two to three years, in preparation for initial public offerings on the main bourse.
Yaho rival Trusval Technology Co (信紘科) on Thursday said that it has so far accumulated order backlogs amounting to NT$23 billion (US$727.16 million) marking a historical high. Revenue grew 2.76 percent annually to NT$3.67 billion in the first seven months of this year.
The company has clear order visibility through 2028, benefiting from the massive spree of semiconductor factory investment worldwide, it said in a statement.
With large-scale equipment hookups to commence at US and Japanese factories from the fourth quarter, Trusval expected overseas business to contribute a larger revenue share of more than 10 percent, the statement said.
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