Taipei, Taiwan, Aug. 22, 2024 (GLOBE NEWSWIRE) — For the second year in a row, Alchip Technologies is one of only 200 Asian companies to be included in the Forbes Asia prestigious “Best Under a Billion”.

The Forbes The list includes companies that demonstrate long-term, sustainable performance across a range of metrics. The listed companies were selected from a universe of more than 20,000 listed companies in the Asia Pacific region.

“It is an incredible honor to be named to the 2024 list and it is breathtaking to be included two years in a row,” said Johnny Shen, CEO of Alchip.

Alchip is one of 19 Taiwanese companies on the list and the island nation’s largest, with revenue of $978 million in 2023.

Like all companies on the unrated Forbes Alchip was selected for the list based on an overall score that took into account criteria such as debt, revenue and earnings per share growth for the most recent one- and three-year fiscal years, as well as the highest average return on equity for one and five years.

“Geopolitical and inflationary headwinds slowed the momentum of some economies in the Asia-Pacific region, but strong domestic demand, supported by rising infrastructure spending and global trade, drove the region’s overall growth in 2023. Our annual Best Under a Billion list of 200 small and mid-sized listed companies with revenues under $1 billion is a testament to this economic resilience,” Forbes Asia said the editors when announcing the list.

In addition to quantitative criteria, qualitative filters were also applied, such as excluding companies with serious governance problems, questionable accounting practices, environmental concerns, management problems or legal difficulties in recent years. State-controlled companies and subsidiaries of larger companies were also excluded. The criteria aimed to ensure a geographical diversity of companies from across the region and used annual results based on the latest publicly available figures as of July 7, 2024.