Mon, Sep 08, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer


Elan revenue grows

Touch-panel controller chip maker Elan Microelectronics Corp (義隆電子) said on Friday that revenue grew 0.73 percent to NT$668 million (US$22.27 million) last month, compared with NT$663 million in July, thanks to an increase in shipments of touchscreen chips. Elan said that revenue from its touchscreen chips rose 5.7 percent last month from a month earlier. The company also said it has clinched orders from five customers to supply chips used in wearable devices such as smartwatches and smart glasses. Elan has previously said that it is scheduled to ramp up production of chips used in wearable devices in the second half of this year.


Neo Solar hit by US probes

Neo Solar Power Corp (新日光), the nation’s largest solar cell manufacturer, said on Friday that revenue contracted 8.83 percent to NT$1.87 billion last month, from July’s NT$2.05 billion. Neo Solar attributed the decline to weak solar cell prices after the US Department of Commerce made a preliminary ruling on its anti-dumping and anti-subsidy investigations into Taiwanese and Chinese solar cell manufacturers.The company said that the outlook for next quarter was quite good, mostly due to strong demand from China. In additional, the US Department of Commerce has cut the proposed import tariffs on local solar cell makers, including Neo Solar and Motech Industries Inc (茂迪). Shipments are expected to increase next quarter, the company said.In the first eight months of the year, revenue jumped 72.37 percent to NT$18.59 billion from NT$10.78 billion in the same period of last year.

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