IBASE Technology Inc. announced that a fire broke out at IBASE Technology's Xinzhuang plant in New Taipei City on September 7, 2023, in the evening. The fire was extinguished about an hour later. Fortunately, there were no casualty or injuries to neighboring residents.

The impact was limited to the maintenance & repairing department. The fire did not spread to the finished goods area, so there was no impact on existing pending orders. The system assembly line was affected by smoke and dust, and needs to be cleaned up.

The new capacity installed at the Pingzhen plant can timely supplement the capacity needed during the cleaning period at the Xinzhuang plant. Therefore, the fire at the Xinzuang plant has limited impact on IBASE's operations and revenue. Preliminary understanding is that the cause is suspected to be an electrical fire, and the official cause is still to be clarified by the formal fire investigation report.