Company Profile · Technology

King Yuan Electronics Co Ltd

2449 · Taiwan
Exchange
Taiwan
Country
Taiwan
Current Price
276
Live · Jul 27, 2026
Fair Buy
190
Margin-of-safety entry
Baillie Growth Score
46/100
Weak
Intrinsic Value · Three-Tier Range Current price 276 Live · Within the fair intrinsic-value range

Composite valuation range · conservative 170–190 / fair 247–334 / optimistic 396–450. At 276, Within the fair intrinsic-value range.

At publication 282 (Jun 14, 2026)

Market capNT$371.71B
Revenue (TTM)NT$37.81B
EBITDANT$18.13B
Profit margin23.83%
ROE17.62%
P/E (TTM)46.63
Forward P/E12.5
PEG0.84
EPSNT$6.52
Dividend yield0.31%
52-week rangeNT$93.15 – NT$364.50

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

King Yuan Electronics Co., Ltd. designs, manufactures, sells, tests, and assembles integrated circuits. It offers test services, such as wafer probing; final test; burn-in; system level testing; and back end service. It also provides Technology Innovation, including wafer level chip scale package (WLCSP); high power burn in; and KYEC Bio Chip Testing, as well as equipment development, spare parts and test program, automation control, and vertical card. It also provides engineering services for Memory applications; consumer electronics testing solutions for games, digital audio, digital TV, set top box, and others; logic and mixed signal IC testing services; liquid crystal display driver test solutions for TFT LCD, Gate Drivers, STN segment/common drivers, LCD controllers/drivers and OLED controllers/drivers; and pupil module solution, CSP FT test solution, high parallelism test solution for area image sensor, low temperature test solution, and light sensor test solutions. In addition, the company offers radio system integration, feasibility studies for cost and performance, circuit design and characterization, evaluation board design service, process definition services; testing, diagnosis, verification, characterization, and debugging services for SOC devices, such as ASIC and ASSP; micro-electro mechanical systems and biochip testing solutions; and technology support services. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.

History

King Yuan Electronics was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan, with its main production base in Miaoli; it listed on 2001-05-09. The company built itself as a dedicated, independent test house focused on wafer probing and final test, plus burn-in and system-level testing. In 2025 it divested its China operations, completing the sale of its Suzhou subsidiary on 2025-02-13. Annual revenue rose from NT$23.992 billion in 2023 to NT$26.856 billion in 2024 and NT$34.934 billion in 2025.

Industry position

King Yuan Electronics is a pure-play third-party semiconductor test company; per its own website it is the world's largest professional independent semiconductor test house and the second-largest by test revenue. Its business is selling test capacity and hours rather than chips, with test services accounting for about 97% of revenue in the fourth quarter of 2025. It is positioned as a leader at the high-end test bottleneck, with Taiwan peers including 欣铨 and 矽格, and broader references such as Powertech (力成), ASE (日月光) and Amkor.