Edelteq Technologies

About Edelteq Technologies

Edelteq Technologies, established in 2004, is a Malaysian-based engineering support provider for the semiconductor industry, specializing in IC assembly and test processes. The company initially began as a designer and prototyper of high-end printed circuit boards (PCBs). Today, its business is segmented into several core activities: the design and assembly of IC burn-in boards and PCBs, which constituted 52.2% of its revenue in FY2022; the design, development, and assembly of Automated Test Equipment (ATE) and factory automation, accounting for 24.71%; and the supply and refurbishment of IC assembly and test consumables, which made up 19.46%.

The company serves a global client base that includes Integrated Design Manufacturers (IDMs), Outsourced Semiconductor Assembly and Testing companies (OSATs), and Original Equipment Manufacturers (OEMs). While its primary market is Malaysia, contributing over 77% of its revenue, it also has customers in Singapore, China, Thailand, and the United States. On June 7, 2023, the company converted to a public limited company, Edelteq Holdings Berhad, and is now listed on the ACE Market of Bursa Malaysia. The IPO was heavily oversubscribed, indicating strong investor interest. The funds raised were primarily intended for the construction of a new factory, debt repayment, R&D, and working capital.

Edelteq has pursued strategic growth through partnerships, including a joint venture with Halo Technologies Sdn Bhd to develop and commercialize AI-driven automated optical inspection (AOI) machines for the semiconductor and electronics manufacturing sectors. This aligns with its strategy to enhance its factory automation solutions and expand its high-tech product offerings. The company has a dividend policy to distribute up to 20% of its net profit to shareholders.