Gem Services, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 05:58 pm EDT
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GEM Services, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 1,061.183 million compared to TWD 718.817 million a year ago. Operating income was TWD 249.599 million compared to TWD 129.597 million a year ago. Net income was TWD 196.908 million compared to TWD 129.358 million a year ago. Basic earnings per share was TWD 1.53 compared to TWD 1 a year ago. Diluted earnings per share was TWD 1.51 compared to TWD 0.99 a year ago.
GEM Services, Inc. is a Cayman Islands-based multinational semiconductor assembly and test contractor. The Company specializes in small-outline surface-mount packages for power management semiconductors. Its customers are semiconductor manufacturers who require both industry standard and advanced packaging solutions as part of their portfolio of value-added products for portable, battery-powered communications, computing systems, industry, and automobile applications. It operates two factories in Greater China: Shanghai, China; Hefei, China, which produces industry standard and advanced discrete, integrated circuits (IC) and multi-chip module (MCM) packages, including concepts co-developed with customers. The Company's products and services include packaging development, wafer processing, assembly services, electrical test, logistic services and reliability testing. Its electrical test includes discrete device electrical testing and analog and power IC electrical testing.