Grand Venture Technology Limited (GVT), a Singapore-based precision manufacturing solutions provider, has announced a remarkable financial performance for the fiscal year 2024, with revenue reaching a record $159.5m. This represents a 43.3% year-on-year (YoY) increase, largely attributed to robust demand in the semiconductor sector, particularly for High-Bandwidth Memory (HBM) testers and advanced manufacturing technologies. The company’s net profit nearly doubled to $10.9m, showcasing its operational strength and improved utilisation.
The semiconductor segment was the standout performer, with revenue surging 64.9% YoY to $87.8m, accounting for 55% of GVT’s total revenue. This growth was driven by the increasing adoption of Artificial Intelligence (AI) and High-Performance Computing (HPC), as well as the commencement of mass production for front-end customers. The Life Sciences segment also saw a revenue increase of 11.3% to $22.9m, whilst the Electronics, Aerospace, Medical, and Others (EAMO) segment grew by 30.3% to $48.8m.
GVT’s strategic investments in capabilities and capacity have positioned the company well for future growth in next-generation semiconductor packaging and AI-driven solutions. Executive Deputy Chairman Ricky Lee stated, “GVT’s strategic investments in capabilities and capacity to position ourselves well for next-generation semiconductor packaging and AI-driven solutions are delivering strong results.”
Looking ahead, GVT has provided a revenue guidance for the first half of 2025, expecting between $90m and $96m, which would represent a YoY growth of 31.7% to 40.5%. The company remains committed to advancing its capabilities in advanced materials technology and continues to strengthen its diversification strategy through acquisitions and strategic partnerships.
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