Sat, Nov 02, 2013 - Page 14 News List

Wintek sales rise on improved key component supply

By Lisa Wang  /  Staff reporter

Wintek Corp (勝華), a supplier of touchpanels for Google Inc’s Nexus tablets, yesterday reported that revenue last month rose 25 percent from September, thanks to improved supply of high-end flat panels and driver ICs.

Revenue jumped to NT$7.22 billion (US$245 million) last month, compared with NT$5.76 billion in September, according to a company statement. On a year-on-year basis, that represented a 14.83 percent decline from NT$8.48 billion.

“The supply of key components improved last month, which helped boost the company’s revenue,” Wintek spokesman Jay Huang (黃傑洲) said by telephone.

Growth was also supported by new orders for touchpanels used in notebook computers and tablets, Huang said.

In particular, orders for notebook touchpanels are aiding its profitability, as improved economies of scale offset continued price declines, he said.

New orders and easier component supply would raise the odds of Wintek returning to profit this quarter, Huang said.

Touchpanels used in tablets and notebooks made up about 35 to 40 percent of last quarter’s revenue of NT$17.05 billion.

On Thursday, Wintek’s board approved a proposal to raise between US$53.39 million and US$71.19 million by issuing new shares in the form of global depositary receipts.

The proceeds will be used to purchase raw material imports, the company said.

Wintek shares dipped 1.83 percent to NT$10.75 yesterday, underperforming the TAIEX, which fell 0.73 percent..

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