UPDATED. 2023-03-27 17:24 (월)
Chips&Media sees profit drop 33% in 2020
Chips&Media sees profit drop 33% in 2020
  • Nari Lee
  • 승인 2021.01.31 11:52
  • 댓글 0
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Due to COVID-19 pandemic 
Image: Chips&Media
Image: Chips&Media

Semiconductor IP company Chips&Media posted 15.4 billion won in sales and 2.38 billion won in operating profit in 2020, the company said.

It is a drop of 4.6% and 33.8%, respectively, from 2019.

The company said most of it sales come from the US and China. While China showed a quick recovery from the pandemic, US and other regions had its customers postpone their schedule, causing licensing sales to drop, Chips&Media said.

In 2021, the company said it expects growth from winning a large, global customer. 

China has increased semiconductor projects in reaction to its trade war with the US, which increased the company’s sales from China to jump 60% in 2020 compared to 2019.

It also expected demand from the US and other regions to recover this year.

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