E Ink Holdings Inc (元太科技), the world’s biggest e-paper display supplier, yesterday reported that consolidated revenues last month rose 21.89 percent sequentially and 117.49 from a year ago, bucking a negative trend among tech companies.
Revenues reached NT$3.47 billion (US$119.3 million) last month, representing the second-highest monthly sales in the company’s history, E Ink said in an e-mailed statement. The company posted record-high revenues of NT$3.88 billion in January.
“The continued launch of new e-readers by our customers and their efforts to create market demand have helped boost E Ink’s sales last month,” chairman Scott Liu (劉思誠) said in the statement.
During the first eight months, accumulated revenue totaled NT$23.34 billion, up 75 percent year-on-year, the company said.
On Aug. 23, Liu told investors he expected the company to post record revenues this quarter because demand for electronic paper displays (EPD) had continued gathering steam since July.
E Ink made a record revenue of NT$10.09 billion in the first quarter. As the company’s combined revenue for July and last month reached NT$6.32 billion, the company would have to make more than NT$3.77 billion in sales this month if it is to achieve its target.
Liu said yesterday he was confident the company’s EPD shipments in the second half would increase more than 50 percent from the first half, based on shipment increases in July and last month and because rising demand had brought equipment utilization back to full capacity this month.
He maintained his shipments forecast for global e-readers at between 25 million and 30 million units for this year, according to the statement.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last