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Thursday April 19, 2007

New product boost for VisDynamics

KUALA LUMPUR: VisDynamics Holdings Bhd is banking on its new tray-based semiconductor inspection equipment to help it achieve higher earnings for the financial year to Oct 31.  

Chairman Khairil Anuar Abdullah said the company had successfully developed and commercialised T8, claimed to be the first high-speed tray-based taping machine using proprietary laser-based vision inspection equipment.  

“The new equipment is expected to contribute 40% to our revenue this financial year,” he said after the company AGM yesterday. 

Due to its competitiveness, T8 has already drawn strong interest in the global semiconductor industry.  

Chief executive officer Choy Ngee Hoe said T8, which was launched last September, not only sold at higher margins but also helped VisDynamics penetrate high-end markets like Taiwan.  

VisDynamics started operations in 2002 with gravity-based equipment, which used to inspect regular medium-sized integrated circuits (ICs).  

Listed on the Mesdaq market last April, the company designs, develops and markets automated test equipment (ATE) used in testing and inspection of ICs. Its clients are mainly US-based semiconductor giants, including STATS ChipPAC Ltd and Amkor Technolgy Inc. 

VisDynamics has 0.04% share of the global ATE market estimated at US$4.75bil last year. 

Its revenue in fiscal year (FY) 2006 dropped to RM6.31mil from RM8.03mil in 2005.  

Net profit in FY2006 dipped to RM340,000 from RM2.12mil previously, which Choy attributed to VisDynamics' post-listing expansion programme. 

Moving forward, Khairil said the company would continue expanding its business organically and via mergers and acquisitions (M&As). 

Although no M&A talks have been initiated, the company will continue to look at opportunities that will help strengthen its position in the ATE industry. 

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