Founded in 2011 and headquartered in Hsinchu, Taiwan, AP MEMORY focuses on fabless customized memory design and IP solutions. With more than 20 years of technological accumulation, the company provides customized semiconductor solutions for customers. Recently, AP MEMORY introduced its financial status and business development in 2024 in detail in an online law conference. Despite certain market challenges, the company has achieved remarkable results and laid a solid foundation for future growth through technological innovation and diversified product line layout.
From the financial data, AP MEMORY showed solid operating strength in 2024. In the fourth quarter of last year, the quarterly revenue reached NT$1.225 billion, which was a 4% decrease from the previous quarter, but a 5% increase from the previous year, showing the company's stable position in the market. At the same time, the gross profit margin for the quarter was 53%, the same as the third quarter, and a significant increase of 9 percentage points from the same period last year, mainly due to the optimization of the company's product sales mix and the exchange gains brought about by the appreciation of the US dollar against the Taiwan dollar. The total revenue for the whole year reached NT$4.192 billion, and the operating gross profit was as high as NT$2.146 billion, with an annual growth rate of 22%, and EPS also achieved an annual growth of 9%.
In terms of business highlights, AP MEMORY closely follows the trend of technological development and actively deploys AI and IoT markets. As AI enters edge and terminal device applications, the memory demand for IoT is rising rapidly. With its keen market insight and strong R&D capabilities, AP MEMORY has successfully launched ApSRAM products. This product not only provides high bandwidth, but also greatly reduces power consumption, meeting customers' high requirements for high performance and standby time, and has successfully attracted widespread attention from the market. It is expected to be officially mass-produced in the second half of 2025.
Announced to enter the RFID IC market
It is worth mentioning that AP MEMORY also announced its official entry into the UHF RFID (ultra-high frequency radio frequency identification) tag IC field. According to AP MEMORY, the UHF RFID market has developed rapidly in recent years, especially in the tag market, with a rapid growth of double-digit percentages each year. As a contactless automatic identification technology, RFID technology can identify targets and exchange data through wireless radio frequency. It is widely used in retail, logistics, asset management and other fields. With the popularization and deepening of the application of Internet of Things technology, the demand for RFID tags has shown explosive growth.
AP MEMORY's entry into the RFID IC market is based on its deep understanding of the development trend of the Internet of Things industry and a full assessment of its own technical strength. The company has rich R&D experience and technical reserves in the semiconductor field, especially in memory technology, with unique advantages and innovation capabilities. By using its own unique memory technology, AP MEMORY expects to significantly reduce the total cost of ownership (TCO) of RFID tags, thereby providing customers with more competitive solutions.
In addition to its technical advantages, AP MEMORY's layout in the RFID IC field has also been supported by the start-up companies it has invested in. The RFID tag IC products jointly developed by the two parties have been verified and are expected to start mass production this year. This will provide a strong guarantee for AP MEMORY to quickly enter the market and help it quickly seize market share.
AP MEMORY's entry into the RFID IC market is not only to seize market opportunities, but also an important part of its overall strategic transformation. In recent years, with the rapid development of AI and IoT technologies, AP MEMORY has continuously adjusted its business structure and increased its investment in high-performance computing and IoT. The introduction of innovative technologies such as VHM (Very High-bandwidth Memory) and S-SiCap (Stack Silicon Capacitor) has established a good reputation for AP MEMORY* in the fields of high-performance computing and capacitors. This entry into the RFID IC market will further enrich the company's product line and enhance its overall competitiveness.
This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)
