GSA Recognizes Parade Technologies for Overall Financial Health and Performance
San Jose, Calif.— 11 December 2017 —Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), today announced it was named the “Best Financially Managed Semiconductor Company Achieving Up to $1 Billion in Annual Sales” by the Global Semiconductor Alliance (GSA). Parade was presented with the award at the GSA Awards Dinner Celebration held December 7 in Santa Clara, Calif. The GSA Awards Dinner Celebration 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.
“In what was a record year for the semiconductor industry, it is a big honor to be recognized by the GSA 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. “This award would not have been possible without the dedication and hard work of the entire Parade team, and I thank them for their commitment to our continued success.”
The Global Semiconductor Alliance (GSA) mission is to support the global semiconductor industry and its partners by offering a comprehensive view of the industry. This enables members to better anticipate market opportunities and industry trends, preparing them for technology and business shifts. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration through efficient power networking for global semiconductor leaders and their partners, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 30 countries across the globe. www.gsaglobal.org
About Parade Technologies
Parade Technologies, Ltd. (Taiwan OTC: 4966.TWO) is a leading fabless supplier of mixed-signal ICs for a variety of popular display, touch controller, and high-speed interface standards used in computers, consumer electronics and display panels. Parade’s portfolio of IC products serves the growing demand for DisplayPort™, eDP™ (Embedded DisplayPort), HDMI®, SATA, PCI Express and USB ICs for display, touch, storage and interface applications.
Parade leverages its close relationships with market-leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced 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.
Parade Technologies, Inc., is a wholly owned US-based subsidiary of Parade Technologies, Ltd. Parade Technologies, Inc. can be reached at (408) 329-5540, or on the Internet at http://www.paradetech.com.