Monday, November 3, 2025

Technoprobe: from a small lab to a half-billion-euro international giant


Technoprobe, a specialty manufacturer based in Brianza, Italy, has cemented its position as a global leader in the semiconductor industry. Founded in 1996 by Giuseppe Crippa, the enterprise has rapidly ascended, now boasting a revenue exceeding half a billion euros (specifically, €543.2 million in 2024) and a market capitalization nearing €5 billion on Euronext Milan.

The core of Technoprobe's success lies in its highly specialized production of probe cards—miniature electronic boards essential for wafer testing, a critical step in microprocessor manufacturing. These components enable quality control on silicon wafers before they are cut into individual chips. This niche has allowed the Italian firm to capture a significant 34% market share in the highly oligopolistic chip testing sector, rising to 60% in the vertical MEMS segment.

Technoprobe's strategic focus is heavily geared toward export, with a 97% of its production being shipped overseas, primarily to the United States and Asia. The company is deeply integrated with industry behemoths such as Nvidia, Qualcomm, Broadcom, and TSMC, the world's leading chip foundry.

Recent performance highlights a company accelerating its growth trajectory. The Artificial Intelligence (AI) revolution is now its key growth engine, projected to generate between 36% and 38% of total sales in 2025. To strengthen its foothold and diversify, Technoprobe has been strategically investing, including the 2025 acquisition of a stake in South Korea's Innostar Service and expansion into the final testing phase of chip quality control, leveraging know-how from recent American acquisitions (Harbor Electronics and Dis Tech).

The company reported an EBITDA of €136.5 million in 2024 and maintains a strong net positive financial position of €656 million. The ownership, largely held by the Crippa family's T-Plus holding (56%), has opted to reinvest all profits back into growth rather than distribute dividends, underscoring a commitment to long-term global expansion and leadership in this critical hi-tech domain.



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