High Tech Computer Corp (HTC,
Shares of HTC slid 0.37 percent to NT$538 yesterday after the Chinese-language Commercial Times reported that the company could suffer around a 40 percent quarterly decline in revenues because of the chip shortage.
"Component supply is tight, but we have everything under control. The company does not expect the shortage to have an impact on its fundamentals in the first quarter," HTC spokesman Cheng Hui-ming (
Vincent Chen (陳豊丰), a technology analyst at CLSA Ltd (里昂證券) Taipei, confirmed that there is currently a shortage of a number of components, but said "we are uncertain about the impact."
He said, however, that "a supply constraint in the first quarter was "unlikely as it is usually the slack season."
HTC's sales in the first quarter of next year could drop about 24 percent sequentially to NT$29.5 billion (US$908 million), compared with an estimated NT$39 billion this quarter, Chen said.
Chen's forecast is lower than the consensus forecast of between NT$32 billion and NT$33 billion.
HTC also said yesterday that the the termination of an agreement to develop a new phone code-named V920 for European mobile operator Vodafone would not erode its fourth quarter sales.
The decision came "in consideration of research resources arrangement and [change in] product portfolio," HTC said in a statement.
In October, HTC told investors that revenues would expand by 20 percent this quarter from NT$29 billion last quarter, helped by sales of its new own-brand handsets.
Chen raised HTC's rating to "buy" from "underperform" last Wednesday with a price target of NT$731, citing its improving brand business.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS