About 20 LED companies that trade on the main bourse and the over-the-counter market saw their combined sales increase last month because of solid demand for LED lighting, a research report said yesterday.
Revenue last month rose 4.24 percent from June and 24.9 percent from a year earlier to NT$10.95 billion (US$365 million), according to LEDinside, a research division of market information advisory firm TrendForce Corp (集邦科技).
The results reflected the shift in capacity to lighting applications made by many domestic LED suppliers to take advantage of increasing global demand for LED lighting, LEDinside said.
However, strong LED lighting sales were somewhat offset by falling demand for components used in LED TVs after China ended its year-long subsidy for TV purchases at the end of May, the report said.
The market is watching to see when Chinese authorities will introduce new subsidies, the report said, and if new measures are announced soon — ahead of China’s Oct. 1 National Day holiday — TV sales could get a boost and further benefit Taiwan’s LED companies.
In the LED packaging and testing services segment, Everlight Electronics Co (億光電子) had the highest sales among the 10 service providers last month at NT$2.19 billion, up 15.7 percent from June and 54.2 percent from a year earlier.
Lextar Electronics Corp’s (隆達電子) sales of NT$1.32 billion were the second-highest in the segment last month and were up 2.3 percent from a month earlier and 50 percent from a year earlier.
LiteOn Technology Corp (光寶科技) was third in the segment with sales of NT$1.2 billion, down 4 percent from a month earlier, but up 6.9 percent year-on-year.
In the LED chip manufacturing segment, Epistar Corp (晶元光電) led among the nine companies, with sales of NT$1.92 billion, down 0.5 percent from a month earlier, but up 15 percent from a year earlier.
It was followed by Opto Tech Corp (光磊科技), with sales of NT$524.7 million, and Formosa Epitaxy Inc (璨圓光電), with sales of NT$418.69 million.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
NEW CONSIDERATIONS: An airline manager said the idea is tempting, as demand for air cargo is strong, but issues such as training loaders would need to be addressed Taiwanese airlines might repurpose passenger jets to carry cargo in their cabins to offset lost revenue amid the COVID-19 pandemic. Airlines are considering applying to the Civil Aeronautics Administration (CAA) for permission to transport cargo in passenger cabins after StarLux Airlines Co (星宇航空) last month became the first among the nation’s airlines to offer cargo-only flights using the normal cargo holds of its three Airbus SE A321neo passenger jets. “We are considering whether to increase our capacity by putting cargo on passenger seats,” Starlux spokesman Nieh Kuo-wei (聶國維) told the Taipei Times by telephone. “The advantage is that we can improve revenue,
GLOBAL CUTS: CEO Warren East said the firm’s focus was on strengthening financial resilience, so it would likely reduce salary costs by at least 10% this year Rolls-Royce Holdings PLC is scrapping its targets and final dividend to shore up its finances as the British aero-engine maker’s customers around the world ground planes due to the COVID-19 pandemic. Rolls-Royce, one of Britain’s most historic industrial names, which before the pandemic struck was trying to emerge from a multiyear turnaround plan, has suspended its dividend for the first time since 1987. The company’s engines power Airbus SE and Boeing Co’s widebody jets, but more than 60 percent of that fleet is now grounded, according to aviation data provider Cirium. Rolls-Royce is paid by airlines based on how many hours they fly. Over
PAINFUL CONTRACTION: Passenger loads in February on flights between Taiwan and China, Hong Kong and Macau fell by more than 90 percent compared with December Even with more than NT$450 billion (US$14.85 billion) in financial aid from the Executive Yuan’s expanded relief package, local tourism-related businesses are unlikely to rebound from the COVID-19 pandemic any time soon, a central bank report released last month said. The NT$1.05 trillion relief package includes NT$472 billion in financial assistance for tourism and transportation sectors, such as airlines, hotels, travel agencies, taxis and tour buses. However, a March 20 central bank report said that the effects of the COVID-19 pandemic on global and domestic economies are far greater than that of the 2002-2003 SARS epidemic, despite any benefits from delayed purchases