On February 21, leading ASIC design service and silicon intellectual property (IP) provider Faraday held its earnings call. The company’s fourth quarter of 2024 gross margin declined by 3.6% due to product mix impacts, causing a 26.2% year-over-year decrease in after-tax net profit, marking the lowest point in three and a half years. The company’s full-year after-tax net profit stood at NT$236 million (approx. US$7.1 million), also a decline compared to 2023.