PC brand Acer Inc (宏碁) said yesterday it swung into profit in the first quarter thanks to the contribution of non-operating income, with earnings per share of NT$0.19.
“Due to a number of non-operating income sources during the first quarter, including foreign exchange and stock disposal gains, after-tax profit reached NT$515 million [US$17.24 million],” Acer said in an e-mailed statement.
Last quarter’s net income rose 55.59 percent from NT$331 million the previous year and compared with a net loss of NT$3.37 billion in the fourth quarter of last year, the company’s data showed.
The results beat HSBC Securities analyst Jenny Lai’s (賴惠娟) forecast of a net profit of NT$450 million and were ahead of a consensus estimate of NT$130 million by Bloomberg.
Acer said its operating income was NT$29 million in the first quarter, which also represented a substantial improvement from an operating loss of NT$3.37 billion in the previous quarter.
The company is preparing to launch higher-end products in the second half of the year in a bid to turn around its business, but Lai said in a note on Monday that strong competition from Asustek Computer Inc (華碩) and Lenovo Group Ltd (聯想) would remain a key challenge.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day