Tue, Aug 07, 2012 - Page 13 News List

Touch panel makers see revenues boom thanks to rise of smartphones, tablets

BY Kevin Chen  /  Staff reporter

Touch panel maker TPK Holding Co (宸鴻) yesterday said its consolidated revenue rose 2.17 percent to NT$11.32 billion (US$377.7 million) last month from June, but declined 3.08 percent from the same period last year, according to a company statement.

TPK, a major supplier of touch modules for Apple Inc’s iPhone smartphones and iPad tablet computers, did not elaborate on its revenue performance for last month in the statement.

The company’s figures came after major rival Wintek Corp (勝華) on Wednesday last week reported better-than-expected revenue for last month, with a 60.72 percent surge helping to push revenue to NT$8.39 billion from June, although down 1.51 percent from a year ago.

TPK is scheduled to hold its quarterly conference with analysts on Thursday to provide sales guidance for this quarter and the second half.

In the first seven months of the year, the company’s accumulated revenue totaled NT$87.03 billion, up 24.24 percent from NT$70.05 billion a year earlier, company data showed.

Separately, Elan Microelectronics Corp (義隆), which supplies touch panel chips for Google Inc’s Nexus 7 tablets, said yesterday its revenue reached NT$686.96 million last month, hitting a new high for the third consecutive month, thanks to increased shipments of touchscreen products.

Last month’s figure was up 0.96 percent from NT$680.44 million in June and 53.73 percent higher than the NT$446.88 million during the same month last year, the Hsinchu-based company said in its filing to the Taiwan Stock Exchange.

In the seven months ending on July 31, Elan’s accumulated revenue expanded 31.69 percent to NT$4.03 billion compared with the year before, the filing showed.

Elan said last month that it forecast significant revenue growth this quarter from last quarter, as customers are set to ship new devices equipped with touchscreens.

Shares in TPK edged up 0.71 percent to NT$354 yesterday, while Wintek shares fell 1.75 percent to NT$14.05 and Elan dropped 0.82 percent to NT$48.30.

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