# Novatek Microelectronics
**Novatek Microelectronics Corp.** (联咏科技) is a Taiwanese fabless semiconductor company that designs display driver ICs and system-on-chip (SoC) products for [flat-panel displays](https://www.edgepedia.org/flat-panel-display) and audio/video equipment. It was established in May 1997, is headquartered in [Hsinchu Science Park](https://www.edgepedia.org/hsinchu-science-park), Taiwan, and trades on the [Taiwan Stock Exchange](https://www.edgepedia.org/taiwan-stock-exchange) under code 3034 with paid-in capital of NT$6.085 billion.[1](https://www.novatek.com.tw/en-global/Html/aboutus_overview) The company describes itself as the world's largest display-related chip supplier, and by 2024 revenue ranked as the world's eighth-largest IC design company.[2](https://finmoconf.diveinvest.net/presentation/6909fd83bab52fb5c819ca51)
| Key facts | |
|---|---|
| Founded | May 1997 (establishment approved 28 May 1997), from UMC's former commercial product division[3](https://www.novatek.com.tw/en-global/Milestone/aboutus_milestones/Index/history) • [4](https://info.technews.tw/company/84149955-%E8%81%AF%E8%A9%A0%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8) |
| Headquarters | Hsinchu Science Park, Taiwan[1](https://www.novatek.com.tw/en-global/Html/aboutus_overview) |
| Listing | OTC April 2001 (5499); Taiwan Stock Exchange main board August 2002 (3034)[3](https://www.novatek.com.tw/en-global/Milestone/aboutus_milestones/Index/history) |
| FY2025 revenue | NT$100.663 billion, down 2.07% year on year[5](https://news.nextapple.com/finance/20260207/B5F7F50877DA2E755F29DB54C72801B9) |
| FY2025 profit | Net income NT$16.348 billion (down 19.64%); EPS NT$26.87, its lowest since 2021[5](https://news.nextapple.com/finance/20260207/B5F7F50877DA2E755F29DB54C72801B9) |
| Product mix | Q1 2026: 56% display driver ICs, 44% SoCs[6](https://finmoconf.diveinvest.net/presentation/69834783bab52fb5c8accf72) |
| Leadership | Chairman T.S. Ho (何泰舜); vice chairman and president Steve Wang (王守仁)[4](https://info.technews.tw/company/84149955-%E8%81%AF%E8%A9%A0%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8) |
| Headcount | About 4,051 employees[7](https://asiaai.fyi/companies/novatek/) |
## Origins and UMC lineage
Novatek was incorporated in May 1997 from the former commercial product division of United Microelectronics Corp. (UMC), a Taiwanese foundry that remains a major shareholder.[3](https://www.novatek.com.tw/en-global/Milestone/aboutus_milestones/Index/history) • [1](https://www.novatek.com.tw/en-global/Html/aboutus_overview) Taiwan's company registry records the establishment as approved on 28 May 1997.[4](https://info.technews.tw/company/84149955-%E8%81%AF%E8%A9%A0%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8)
The company listed on Taiwan's OTC market in April 2001 under stock code 5499 and moved to the Taiwan Stock Exchange main board in August 2002 under code 3034.[3](https://www.novatek.com.tw/en-global/Milestone/aboutus_milestones/Index/history) Registry filings record the exchange listing date as 26 August 2002.[4](https://info.technews.tw/company/84149955-%E8%81%AF%E8%A9%A0%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8) Along the way it built an international footprint: a Japan sales subsidiary in October 2001, a Suzhou subsidiary in September 2002, and a Shenzhen subsidiary in February 2015.[3](https://www.novatek.com.tw/en-global/Milestone/aboutus_milestones/Index/history) In June 2008 it merged with Cheertek, a multimedia chip designer, and in January 2017 its board resolved to acquire the surveillance business (DVR and IP-Cam SoCs) and related IP from Faraday Technology Corporation, extending its product range into security cameras.[3](https://www.novatek.com.tw/en-global/Milestone/aboutus_milestones/Index/history)
By 2007 the research firm iSuppli ranked Novatek the largest supplier of display driver ICs for large-size LCD panels and the world's second-largest display driver IC supplier overall.[3](https://www.novatek.com.tw/en-global/Milestone/aboutus_milestones/Index/history)
## Business and products
Novatek designs and sells a wide range of display driver ICs and SoC solutions for flat-panel displays and audio/video applications.[1](https://www.novatek.com.tw/en-global/Html/aboutus_overview) Its revenue splits between the two lines: in Q3 2025, driver ICs contributed about 63% of product sales and SoCs 37%, with SoC business built around television and set-top-box chips and, increasingly, machine-vision products.[2](https://finmoconf.diveinvest.net/presentation/6909fd83bab52fb5c819ca51) • [8](https://www.k-media.com.tw/archives/8354)
**A fabless model.** Novatek designs the chips but owns no fabs. It sources wafer fabrication from foundries including TSMC, UMC, and [Vanguard International Semiconductor](https://www.edgepedia.org/vanguard-international-semiconductor), and outsources packaging and testing to providers such as ASE Technology, Powertech Technology, ChipMOS Technologies, and Chipbond Technology.[7](https://asiaai.fyi/companies/novatek/) In high-end smartphone AMOLED driver ICs, the industry currently uses 28nm high-voltage process technology mainly from UMC and Samsung foundry, with a shift to 22nm under way and 16nm FinFET planned for 2026, a move that could cut driver IC power consumption by up to 50%.[9](https://www.k-media.com.tw/archives/2459)
The company has also been adding OLED products: in 2022 [TrendForce](https://www.edgepedia.org/trendforce) noted new products such as OLED FoD, OLED TDDI, FTDDI and [Mini LED](https://www.edgepedia.org/mini-led) drivers, plus integrated TCON/PMIC package sales, supporting revenue stability.[10](https://www.trendforce.com/news/2022/03/30/top-10-taiwanese-ic-design-company-revenue-top-nt900b-in-2021-with-mediatek-contributing-lions-share/)
## By the numbers
Novatek's full-year 2024 revenue was NT$102.788 billion. In 2025 it fell 2.07% to NT$100.663 billion, with after-tax profit down 19.64% to NT$16.348 billion and EPS of NT$26.87, the company's lowest since 2021.[5](https://news.nextapple.com/finance/20260207/B5F7F50877DA2E755F29DB54C72801B9) Full-year 2025 gross margin was 37.7%, down from 40.3% in 2024.[11](https://quartr.com/events/novatek-microelectronics-corporation-3034-q4-2025_F9kl1JnJ) Operating expenses were roughly flat at NT$19.671 billion against NT$19.666 billion in 2024.[5](https://news.nextapple.com/finance/20260207/B5F7F50877DA2E755F29DB54C72801B9) The company ended 2025 with NT$42.42 billion in cash.[11](https://quartr.com/events/novatek-microelectronics-corporation-3034-q4-2025_F9kl1JnJ)
Through 2025 the quarters told a story of fading demand support. First-half consumer electronics orders were lifted by China's government subsidies and by advance shipments ahead of US tariff policies; those effects faded entering the third quarter.[12](https://stockanalysis.com/quote/tpe/3034/transcripts/314118-q2-2025/) Q3 2025 revenue of NT$24.574 billion fell 6.04% quarter over quarter, which the company attributed to NT dollar appreciation and the receding of the subsidy and tariff effects.[2](https://finmoconf.diveinvest.net/presentation/6909fd83bab52fb5c819ca51) Q4 2025 revenue of NT$22.817 billion was down a further 7.15% sequentially but at the high end of guidance, with gross margin recovering to 38.19% and quarterly EPS of NT$6.07.[6](https://finmoconf.diveinvest.net/presentation/69834783bab52fb5c8accf72) • [11](https://quartr.com/events/novatek-microelectronics-corporation-3034-q4-2025_F9kl1JnJ) In Q4 2025 driver ICs were 65% of product revenue (NT$14,742 million) and SoCs 35% (NT$8,094 million).[6](https://finmoconf.diveinvest.net/presentation/69834783bab52fb5c8accf72)
On profitability, industry analysts describe Novatek as a leader with stable revenue, consistently maintaining an operating margin above 20% in recent years;[13](https://www.tejwin.com/en/insight/ai-boom-benefits-taiwan-can-taiwanese-ic-design-firms-sustain-their-competitive-edge-amid-chinas-semiconductor-autonomy-part-2/) one reference profile puts FY2025 operating margin at 18.1%.[7](https://asiaai.fyi/companies/novatek/) The same profile lists R&D spending of NT$16.560 billion for FY2025 and about 4,051 employees.[7](https://asiaai.fyi/companies/novatek/)
## How it compares with its rivals
**Against the Korean OLED incumbents.** Per Omdia data as of end-2024, Samsung LSI held about 55% and LX Semicon 27% of Apple iPhone AMOLED driver IC supply, with Novatek at roughly 18%, mainly supplying Chinese panel makers that ship into Apple's chain.[9](https://www.k-media.com.tw/archives/2459) In automotive driver ICs, Omdia ranks Himax first at end-2024 with a 37.6% share and Novatek second at 27.7%, giving the two Taiwanese firms over 60% combined.[9](https://www.k-media.com.tw/archives/2459)
**Against its Taiwanese peers.** Novatek is Taiwan's second-largest IC design company after MediaTek, and TrendForce groups it with MediaTek and Realtek as Taiwan's top three.[8](https://www.k-media.com.tw/archives/8354) • [10](https://www.trendforce.com/news/2022/03/30/top-10-taiwanese-ic-design-company-revenue-top-nt900b-in-2021-with-mediatek-contributing-lions-share/) The top three R&D spenders among Taiwanese IC design companies are MediaTek, Realtek, and Novatek, though Novatek's R&D as a percentage of revenue is relatively low because the display driver IC industry offers limited room for transformation.[13](https://www.tejwin.com/en/insight/ai-boom-benefits-taiwan-can-taiwanese-ic-design-firms-sustain-their-competitive-edge-amid-chinas-semiconductor-autonomy-part-2/) The company's own investor materials place its global rank by revenue at eighth for 2024[2](https://finmoconf.diveinvest.net/presentation/6909fd83bab52fb5c819ca51) and ninth for 2025, third in Taiwan in both years.[6](https://finmoconf.diveinvest.net/presentation/69834783bab52fb5c8accf72)
**Chinese competition.** Novatek faces price competition from Chinese suppliers [Chipone](https://www.edgepedia.org/chipone) and Ilitek in display drivers.[7](https://asiaai.fyi/companies/novatek/) The shift is clearest at Chinese panel makers: BOE and HKC are key clients of Taiwanese DDIC suppliers, but ESWIN, a company founded by a former BOE executive, became BOE's largest DDIC supplier in 2020, and Chipone has been steadily increasing its supply share to both BOE and HKC.[13](https://www.tejwin.com/en/insight/ai-boom-benefits-taiwan-can-taiwanese-ic-design-firms-sustain-their-competitive-edge-amid-chinas-semiconductor-autonomy-part-2/) In response, Novatek has targeted diversifying its customer base and applications, describing progress with panel customers in Korea and non-China handset OEMs as moving in a positive direction.[12](https://stockanalysis.com/quote/tpe/3034/transcripts/314118-q2-2025/)
## Listing, ownership and governance
Novatek listed on the Taiwan Stock Exchange main board in August 2002 under code 3034, with UMC (TSE: 2303) as a major shareholder and T.S. Ho as chairman.[1](https://www.novatek.com.tw/en-global/Html/aboutus_overview) Registry records show paid-in capital of NT$6,085,114,690 and total capital of NT$7.5 billion after a June 2024 change, with Steve Wang (王守仁) as president and EY as auditor.[4](https://info.technews.tw/company/84149955-%E8%81%AF%E8%A9%A0%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8) The board includes chairman Ho with 8,515,133 shares and vice chairman Wang with 2,313,607 shares, alongside four independent directors.[4](https://info.technews.tw/company/84149955-%E8%81%AF%E8%A9%A0%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8) [Subsidiary](https://www.edgepedia.org/subsidiary) holdings listed in the registry include Cheertek International (100%), Novatek Japan, Novatek Korea, and Novatek USA.[4](https://info.technews.tw/company/84149955-%E8%81%AF%E8%A9%A0%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8)
## Recent developments
After two consecutive years of revenue decline through 2025, Novatek returned to growth in 2026. Q1 2026 revenue reached TWD 23.15 billion, up 1.44% quarter on quarter at the upper end of guidance, with gross margin of 39.06%, above guidance.[14](https://earningscalls.dev/transcripts/novatek-microelectronics-corp_3034_earnings_call_transcript_2026-05-07) The SoC business accounted for 44% of total revenue in the quarter, a record mix driven by robust demand for machine-vision chips used in edge AI devices, and the company raised prices on some machine-vision chips to reflect surging DRAM costs.[15](https://www.taipeitimes.com/News/biz/archives/2026/05/08/2003856939) Guidance for Q2 2026 called for revenue of TWD 27.5 to 28.5 billion, up 19 to 23% sequentially, with gross margin of 38 to 41% and operating margin of 16 to 19%.[14](https://earningscalls.dev/transcripts/novatek-microelectronics-corp_3034_earnings_call_transcript_2026-05-07) Overall, the company expects revenue to regain growth in 2026, snapping two straight years of declines, helped by high-end machine-vision chips for edge AI devices and OLED touch-integrated driver chips for foldables launching in the second half.[15](https://www.taipeitimes.com/News/biz/archives/2026/05/08/2003856939)
**OLED and AI expansion.** In 2025 Novatek expected OLED TDDI shipments to exceed 10 million units, with mass production for a customer's new model introduced that April proceeding smoothly,[12](https://stockanalysis.com/quote/tpe/3034/transcripts/314118-q2-2025/) and press reporting indicates its OLED display driver ICs entered Apple's supply chain during 2025.[7](https://asiaai.fyi/companies/novatek/) For 2026 the company plans OLED TDDI for foldable phones, OLED DDIC for high-end smartphones, OLED driver ICs for IT products, and automotive TDDI, alongside image and machine-vision products integrated with AI for edge applications.[16](https://earningscalls.dev/transcripts/novatek-microelectronics-corp_3034_earnings_call_transcript_2026-02-06) About 20% of its SoC products already carry AI functions such as machine vision, with penetration expected to rise.[8](https://www.k-media.com.tw/archives/8354)
**Datacenter ambitions.** Novatek is developing a high-performance computing SoC with ARM on TSMC's 4nm (N4) process using the ARM Neoverse CSS N2 architecture, targeting datacenter ASICs, with tape-out expected by year-end;[8](https://www.k-media.com.tw/archives/8354) the project was still to contribute revenue as of the February 2026 results.[5](https://news.nextapple.com/finance/20260207/B5F7F50877DA2E755F29DB54C72801B9) The company has also flagged that tight memory supply and rising memory prices in 2026 could raise end-product pricing for consumer electronics and dent demand, especially for smartphones and PCs.[16](https://earningscalls.dev/transcripts/novatek-microelectronics-corp_3034_earnings_call_transcript_2026-02-06)
## References
1. [Overview, NOVATEK MICROELECTRONICS CORP.](https://www.novatek.com.tw/en-global/Html/aboutus_overview)
2. [聯詠(3034) 2025Q4法說會簡報](https://finmoconf.diveinvest.net/presentation/6909fd83bab52fb5c819ca51)
3. [Accomplished Milestones, NOVATEK MICROELECTRONICS CORP.](https://www.novatek.com.tw/en-global/Milestone/aboutus_milestones/Index/history)
4. [聯詠科技股份有限公司（統編 84149955）｜公司登記查詢](https://info.technews.tw/company/84149955-%E8%81%AF%E8%A9%A0%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8)
5. [聯詠Q4財報｜毛利率升至38.19% (壹蘋新聞網)](https://news.nextapple.com/finance/20260207/B5F7F50877DA2E755F29DB54C72801B9)
6. [聯詠(3034) 2026Q1法說會簡報](https://finmoconf.diveinvest.net/presentation/69834783bab52fb5c8accf72)
7. [Novatek, AsiaAI.FYI](https://asiaai.fyi/companies/novatek/)
8. [面板逆風、營收衰退，驅動晶片巨人聯詠(3034)的下一步棋 (K-MEDIA)](https://www.k-media.com.tw/archives/8354)
9. [紅海市場的逆襲：台灣IC設計廠如何重塑全球顯示晶片版圖 (K-MEDIA)](https://www.k-media.com.tw/archives/2459)
10. [Top 10 Taiwanese IC Design Company Revenue, TrendForce](https://www.trendforce.com/news/2022/03/30/top-10-taiwanese-ic-design-company-revenue-top-nt900b-in-2021-with-mediatek-contributing-lions-share/)
11. [Novatek Microelectronics (3034) Q4 2025 Summary | Quartr](https://quartr.com/events/novatek-microelectronics-corporation-3034-q4-2025_F9kl1JnJ)
12. [Novatek Microelectronics (TPE:3034) Q2 2025 Earnings Call Transcript](https://stockanalysis.com/quote/tpe/3034/transcripts/314118-q2-2025/)
13. [Can Taiwanese IC Design Firms Sustain Their Competitive Edge? Part 2, TEJ](https://www.tejwin.com/en/insight/ai-boom-benefits-taiwan-can-taiwanese-ic-design-firms-sustain-their-competitive-edge-amid-chinas-semiconductor-autonomy-part-2/)
14. [Novatek Microelectronics Corp. (3034) Earnings Call Transcript (May 7, 2026)](https://earningscalls.dev/transcripts/novatek-microelectronics-corp_3034_earnings_call_transcript_2026-05-07)
15. [Novatek predicts revenue rebound for this quarter (Taipei Times)](https://www.taipeitimes.com/News/biz/archives/2026/05/08/2003856939)
16. [Novatek Microelectronics Corp. (3034) Earnings Call Transcript (February 6, 2026)](https://earningscalls.dev/transcripts/novatek-microelectronics-corp_3034_earnings_call_transcript_2026-02-06)
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*Topic: Encyclopedia › Society and history › Economics and business › Founders, operators, and investors › Technology founders and companies › Semiconductors and hardware › Taiwan chips and electronics*
*Initially written Sep 19, 2026 · Reviewed: Sep 19, 2026 · Edited: Oct 15, 2026; Oct 21, 2026 · Last review: Sep 19, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license