Taiwanese electronics manufacturer Qisda (佳世達) yesterday reported a net loss of NT$2.15 billion (US$63.15 million) for the first quarter, a slight improvement of 2.7 percent from the previous quarter’s NT$3.61 billion net loss.
Management said the second quarter has witnessed positive operating income and financial liabilities were reduced to NT$11.8 billion.
The company experienced a 27 percent quarter-on-quarter drop in revenues to NT$18.02 billion for the first three months of the year.
As the contract maker of electronics struggles to turn a profit, Qisda’s president and chief executive officer Hsiung Hui (熊暉) said the firm is focused on developing products with high profit margins such as mini camera scanners, professional billboard displays and all-in-one PC touchscreen monitors, while continuing cost cutting efforts.
Such products will not add to sales until later this year or early next year, Hsiung told investors yesterday.
Without giving specific revenue or earnings guidance, Qisda vice president and chief financial officer David Wang (王淡如) said, despite weak macroeconomic conditions and seasonality, “for the second quarter, we can reasonably expect the same performance as for the first quarter, while year-on-year, we hope to see an improvement in unit shipment numbers.”
After a wave of rush orders in late February boosted sales last month, Wang was not expecting last-minute orders this month, in June or July, he said.
Last year Qisda ranked fourth globally, with 8.3 percent market share in monitor production, and third in the projector business with a 12 percent market share.
Hsiung said that even though the monitor business contributed 78 percent of the company’s bottom line in the first quarter, “the monitor playing field is saturated with numerous competitors. In the projector segment, there is still room for growth and to increase worldwide market share.”
Qisda invested NT$40 million in an LCD TV joint venture with AU Optronics Corp (友達光電) in September, but Hsiung said he does not expect the new venture to be profitable in its first year.
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
At a massive shipyard in North Vancouver, Canadian workers grind metal beams for a powerful new icebreaker crucial to cementing the country’s presence in the increasingly contested arctic. Icebreakers are specialized, expensive vessels able to navigate in the frozen far north. And “this is the crown jewel,” said Eddie Schehr, vice president of production at the Seaspan shipyard. For Canadian Prime Minister Mark Carney, who heads to Norway next Friday to observe arctic defense drills involving troops from 14 NATO states, Canada’s extreme north has emerged as a strategic priority. “Canada is and forever will be an Arctic nation,” he said ahead of
RSS