Rayzher Industrial Co (銳澤), which specializes in installing mains systems and gas pipelines to transmit utilities for semiconductor manufacturers, yesterday said it has set up a new overseas business unit to pursue new revenue opportunities as growth dwindles domestically.
The Hsinchu-based engineering services company said it is following in the steps of its customers to expand its global footprint.
In May, the company set up a subsidiary in Japan’s Kumamoto Prefecture, where Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) opened a chip manufacturing fab, it said.
Photo courtesy of Rayzher Industrial Co
Rayzher’s customers include TSMC, Micron Technology Inc, Nanya Technology Corp (南亞科技) and Vanguard International Semiconductor Corp (世界先進).
The company aims to generate a single-digit percentage of its revenue from the Japanese subsidiary next year, Rayzher president Joe Chou (周谷樺) told a news conference in Taipei.
It next plans to expand to Singapore, it said.
The company is also considering expanding its presence in the US and Europe, where customers are building chip manufacturing facilities, it added.
“We will start a serious evaluation about expanding in the US after November when the election is over,” Chou said. “Since one of our customers is planning to build two new chip manufacturing facilities in the US, we were asked to participate in their business projects there.”
Chou said that overseas expansions and new equipment development are key to the company’s revenue and profit growth.
However, recruiting high-tech talent could be a major bottleneck, he said.
Rayzher reported NT$1.32 billion (US$41.03 million) in revenue in the first three quarters of this year, lagging behind local peer Wholetech System Hitech Ltd (漢科), which posted NT$4.13 billion in revenue during the same period thanks to greater exposure to overseas markets, including the US, Singapore and Japan.
As part of its revenue growth strategies, Rayzher is developing semiconductor equipment. The company plans to roll out new-generation dust local scrubbers to remove particulate matters during chip production next year.
Rayzher said revenue this year would be flat from NT$1.78 billion last year as the company expects factory construction delays by local DRAM chipmakers to drag its revenue performance.
“The memory sector’s recovery is not as good as we expected at the beginning of this year,” Chou said.
The company is scheduled to trade its shares on the Taipei Exchange next month.
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