Asustek Computer Inc (華碩), the world’s No. 5 PC brand, yesterday said it stopped shipments to Russia to avoid the tumbling ruble, adding that it would maintain its quarterly outlook.
“We stopped shipments two weeks ago due to the ruble’s decline against the US dollar,” Asustek spokesman David Chang (張偉明) told the Taipei Times.
Chang said Asustek will book foreign exchange losses this quarter, but the ruble would have only limited impact on Asustek’s fourth-quarter profitability.
Asustek said quarterly laptop shipments would grow 7.84 percent sequentially to 5.5 million units.
“We will resume shipments to Russia once the ruble stabilizes,” Chang said.
Russia contributes between 5 and 6 percent to Asustek’s total revenues, Chang said.
PC brand Acer Inc (宏碁) reportedly said that it has not decided whether to stop shipments.
Acer spokeswoman Claire Yang (楊琬如) was quoted by Unique Satellite TV (非凡新聞) as saying that products have already shipped.
Asustek shares dropped 0.3 percent to NT$335 yesterday in Taipei trading, while Acer shares jumped 2.91 percent to NT$21.2.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Taiwan has enough crude oil reserves for more than 100 days and sufficient natural gas reserves for more than 11 days, both above the regulatory safety requirement, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday, adding that the government would prioritize domestic price stability as conflicts in the Middle East continue. Overall, energy supply for this month is secure, and the government is continuing efforts to ensure sufficient supply for next month, Kung told reporters after meeting with representatives from business groups at the ministry in Taipei. The ministry has been holding daily cross-ministry meetings at the Executive Yuan to ensure
Property transactions in the nation’s six special municipalities plunged last month, as a lengthy Lunar New Year holiday combined with ongoing credit tightening dampened housing market activity, data compiled by local land administration offices released on Monday showed. The six cities recorded a total of 10,480 property transfers last month, down 42.5 percent from January and marking the second-lowest monthly level on record, the data showed. “The sharp drop largely reflected seasonal factors and tighter credit conditions,” Evertrust Rehouse Co (永慶房屋) deputy research manager Chen Chin-ping (陳金萍) said. The nine-day Lunar New Year holiday fell in February this year, reducing
RSS