GSA Recognizes Parade Technologies a 2nd Time After Receiving Best Financially Managed Award in 2017
Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), today announced it was again nominated for the “Best Financially Managed Semiconductor Company Achieving Up to $1 Billion in Annual Sales” by the Global Semiconductor Alliance (GSA). Parade was nominated and then awarded this same prestigious title in December 2017. The GSA announced its 2020 award nominees today, and it will announce the award winners at its annual event on December 3.
The GSA awards program recognizes semiconductor companies that have demonstrated excellence through their success, vision, strategy and future opportunities in the industry.
GSA’s Best Financially Managed Semiconductor Company Award is based on a broad evaluation of the financial health and performance of public fabless and IDM semiconductor companies. Numerous financial metrics as well as their respective rates of change or year-over-year improvement are analyzed. These financial metrics transverse various categories including but not limited to growth rates, margins, cash flow, profitability ratios, efficiency ratios and return on capital. All companies are ranked on each metric as well as its rate of change, and then the overall performance is compared to the peer universe to determine the winner.
“It is a big honor to be recognized by the GSA once again as the industry’s best financially managed semiconductor company below $1 Billion in annual sales,” said Jack Zhao, Parade’s CEO and chairman of the board. “Parade extends this honor to our hard-working employees and appreciation to our top tier customers that has resulted in continued month-to-month revenue growth and profitability.”
GSA is Where Leaders Meet to establish an efficient, profitable and sustainable high technology global ecosystem encompassing semiconductors, software, solutions, systems and services. A leading industry organization that represents more than 25 countries and 250 corporate members, including 100 public companies, GSA provides a unique, neutral platform for collaboration, where global executives interface and innovate with peers, partners and customers to accelerate industry growth and maximize return on invested and intellectual capital. Members of the GSA represent 70 percent of the $450B+ semiconductor industry and continue to grow.
About Parade Technologies
Parade Technologies, Ltd. is a leading supplier of mixed-signal ICs for a variety of increasingly used high-speed and display interface standards used in network and storage systems, computers, automotive, consumer electronics, and display panels. Parade is a fabless semiconductor company founded in 2005 and publicly listed on Taipei Exchange (TPEx) in 2011 (stock code: 4966). Parade’s portfolio of high speed interface, display, and signal conditioning IC products serves the growing demand for high performance HDMI™, DisplayPort™, USB, and PCI Express interfaces as well as display integration including timing controllers, source drivers, and touch.
Parade leverages its close relationships with market leading Tier-1 OEMs to develop ICs that enable competitive system capabilities. Parade is also a key contributor to industry standards development organizations. The company’s devices integrate proprietary technologies that offer superior signal integrity as well as improved system integration and power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.