Vizio Inc, the No. 2 liquid-crystal-display TV maker in the US, has applied for a listing on the NASDAQ Stock Market, a major shareholder said.
Vizio, based in Irvine, California, may sell shares in an initial public offering as early as the first half of this year, said Scottie Chiu (邱裕平), spokesman for Taipei-based Amtran Technology Co Ltd (瑞軒科技), which he says owns about 23 percent of Vizio.
A schedule for the sale has not been decided and AmTRAN has no plan to sell its own shares, Chiu said.
TOP SPOT
Vizio took top spot in the US LCD market in the first quarter of last year, before ceding its place to Samsung Electronics Co in the third quarter, according to researcher iSuppli Corp.
Vizio, which broadcast a 60-second TV commercial featuring singer Beyonce Knowles during this year’s Super Bowl, expects a 30 percent increase in revenue this year from an expected US$2.5 billion last year, founder and chief executive officer William Wang (王蔚) said in a Dec. 17 interview.
UNDERWRITER
Wang didn’t answer calls or immediately return voicemail messages left at his Irvine office.
An underwriter has been chosen, Chiu said yesterday, while declining to provide details.
Vizio had 15.7 percent of the US LCD TV market in the third quarter, behind Samsung with 16.8 percent and ahead of LG Electronics Inc, according to a Nov. 16 iSuppli statement. It led the market with 20.5 percent in the prior quarter.
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