Electronic components manufacturer Eson Precision Industry Co (乙盛精密) yesterday said its revenue would continue growing this quarter and the momentum would extend into next year due to strong demand for automotive components and those used in cloud-based servers.
Revenue totaled NT$7.29 billion (US$234.9 million) in the first three quarters of the year, up 10.2 percent from the same period last year, the China-based Hon Hai Group (鴻海集團) subsidiary told an investors’ conference in Taipei.
About 70 percent of Eson’s orders came from Hon Hai Group, with its other customers including Sony Corp, Sharp Corp, Vizio Inc and Ford Motor Co.
The company’s sales breakdown for the first three quarters of the year was 78.07 percent TV components, 13.65 percent automobile parts and tooling, and 5.22 percent servers and telecommunications, while the remainder was other electronic components.
Eson said liquid-crystal modules for TVs would keep growing next year, without giving an exact guidance.
The company said it has also penetrated the global auto market’s supply chain and expects sharp revenue growth in this segment, thanks to rising orders from electric vehicle makers, as well as the completion of a new factory and equipment installation.
The company said earlier that it plans to complete its Mexico crane facility this year, and that its 1,000 and 2,000-tonne stamping machines should also be fully installed by the end of this year. In addition, a new crane facility in Kunshan, Jiangsu Province, China, is likely to start manufacturing automotive tooling in-house next year.
The company reported net income of NT$154.69 million (US$4.98 million) last quarter, up 52.22 percent from the previous year’s NT$101.62 million and 19.83 percent from the previous quarter’s NT$129.09 million.
Earnings per share were NT$0.89 last quarter and NT$2.2 for the first three quarters of the year, the company said.
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the