Skytech Inc., a semiconductor equipment manufacturer in Taiwan, anticipates a 20% revenue growth next year.

This expectation stems from strong demand for advanced chip manufacturing and packaging equipment.

In the first ten months of this year, Skytech’s revenue rose by 18.33% to NT$1.69 billion (US$52.06 million) compared to the previous year. A record high in revenue is expected this quarter.

Skytech provides key equipment for chip production, serving a wide customer base, including Taiwan Semiconductor Manufacturing Co (TSMC).