China-based Tongfu Micro became world's fourth-largest OSAT player in 2022

Jingyue Hsiao, DIGITIMES Asia, Taipei 0

Credit: AFP

Tongfu Microelectronics, a major IC assembly and testing company in China, has posted sales that grew by 35.52% but saw profit drop by 47.53% amid the macroeconomic challenges and the cyclical downturn in the semiconductor industry.

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