Technoprobe Spa U/Adr (THNBY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and thank you for joining us. I'm with Stefano Beretta, our CFO, presenting the full year 2024 results and the guidance for the first quarter of this year. As usual, a Q&A session will follow at the end of the presentation. 2024 confirmed Technoprobe as leader in the testing of logic chips for artificial intelligence. Investment we made in the last couple of years together with the solid know-how of Technoprobe in the MEMS technology have been the drivers to achieve this leadership. Looking at revenues split, 35% of revenues refers to artificial intelligence, approximately plus 15% compared to 2023. A better than expected result driven by a surge in volumes of chips for data centers, feasible thanks to the increase in manufacturing capacity compared to 2023. Artificial intelligence will remain the main growth driver also for 2025. Demand is seen as both realistic and extremely strong. Also bear in mind that artificial intelligence, as well as the most technological advanced chips, requires high performance, low power consumptions, and quick data processing features supported by advanced packaging architectures. These architectures, which use sophisticated technology and aggregate components to create a single electronic device, require advanced testing solutions based on MEMS technologies. That said, we're assuming a progressive and steady increase in demand for advanced logic testing solutions. Let's move to consumer segment, which for us refers mainly to PC and mobile. It is stable at approximately 50% of our revenues. 2024 has been a year of stabilization and the segment is expected to post a slight growth in 2025. In fact, we think that they will still suffer from a slower adoption of AI at the edge, which is confirmed to be the real catalyst. The ex...