TAOYUAN CITY, TAIWAN – Taiwan Surface Mounting Technology reported revenue of NT46.5 billion ($1.47 billion) for 2023, down 32% from the previous year.

The company also saw a 38% drop in net income for the year, totaling NT2.51 billion ($79.4 million), and its profit margin of 5.4% represented a decrease of 5.9% from 2022.

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