M31 Technology Corporation (M31), a leading global provider of silicon intellectual property (IP), held an investor conference today (May 8) and announced consolidated revenue of NT$435 million for the first quarter of 2025, representing a year-over-year increase of 27% and a quarter-over-quarter increase of 32.6%, demonstrating solid double-digit growth momentum. As the Company’s scale of operations expands and investment in 2nm technology R&D deepens, employee bonus expenses and R&D spending have also increased accordingly. Earnings per share (EPS) for the first quarter was NT$0.47. Notably, M31 was honored for the fourth time with a top 5% ranking in the Corporate Governance Evaluation, highlighting the Company’s excellence in ethical governance, information transparency, and sustainability efforts. Looking ahead to the first half of the year, with global foundry demand for IP rebounding and strong momentum continuing in the sub-5nm advanced process market, M31 expects to maintain its growth trajectory and continue advancing operations steadily.
In terms of process node deployment, over 60% of M31’s license fee revenue in the first quarter came from sub-8nm advanced nodes, underscoring strong market demand for advanced process IP. Specifically, 2nm IP continued to gain broader adoption by major U.S. chipmakers, with applications expanding from high-end smartphone processors to AI-enabled laptop processors. In addition, a leading U.S. company in AI-based image recognition launched a new 2nm IP project during the quarter, indicating that the application scope of 2nm technology is rapidly expanding. In the automotive sector, M31 successfully entered the advanced driver-assistance system (ADAS) supply chain of a top Chinese electric vehicle manufacturer, marking a key milestone in the Company’s automotive market strategy. At the same time, global electronic design automation (EDA) providers and leading server storage interface companies have adopted M31’s sub-5nm IP for next-generation SoC designs, further validating the Company’s technical competitiveness in advanced process IP. On the foundry collaboration front, M31 continues to optimize design with long-term strategic partners on 6nm platforms, while 5nm projects with overseas foundries are also progressing rapidly. Through close collaboration with advanced-process foundries, the Company expects stable mid- to long-term growth in mass production–based royalty revenue. M31 remains deeply committed to developing advanced process IP, offering comprehensive solutions that include extra-low-power memory IP, AI NPU performance optimization IP, and high-speed interface solutions such as CSI, DSI, and UFS. These solutions span PHYs, controllers, and system integration to provide one-stop technical support. Additionally, the continued expansion of servers and data centers is driving upgrades in IP specifications such as LPDDR memory and ONFI I/O flash memory interfaces—further reinforcing M31’s long-term competitive advantage in the global market.
M31 CEO Scott Chang stated that 2025 is a pivotal year for laying the foundation for the Company’s long-term growth, with initial results already emerging. Royalty income in the first quarter doubled compared to the same period last year, and advanced process platforms are also gradually entering mass production. Regarding the 2nm process, new customer projects continue to launch, reflecting strong market demand. In response to the future trend of Chiplet modular design, the Company is actively developing solutions that offer both compatibility and integration. The CEO emphasized that IP is a technology- and knowledge-intensive service that does not involve the import or export of physical goods, and thus is not subject to tariff adjustments. We will continue to drive future growth through ongoing R&D investment, and steadily improve operational performance through solid technological capabilities and stable strategic partnerships.