Inventec Corp (英業達) chairman Richard Lee (李詩欽) yesterday confirmed the company is making Xiaomi Inc’s (小米) first notebook computer product in China, with shipments set to begin in the first half of next year.
“I am upbeat about the business outlook for Xiaomi’s notebook computers, as the firm has more than 200 million registered smartphone users,” Lee told reporters on the sidelines of the 12th cross-strait forum on technical standards for information technology held in New Taipei City.
Lee said Xiaomi is likely to adopt the same smartphone business strategy for its laptop products — which is different from other companies’ conventional way of selling servers, desktop and notebook computers.
“I am not sure if the smartphone approach will be applicable to notebooks, but I expect Xiaomi’s entry into the notebook industry to bring something new to the market,” Lee said.
Subsidiary Inventec Appliance Corp (英華達), which assembles Xiaomi’s smartphones, is to jointly design and manufacture the Chinese company’s first notebook products in Inventec’s plants in China, Lee said.
“We will start shipping Xiaomi’s notebook computers in the first or second quarter of next year,” he added.
Commenting on Inventec’s near-term business outlook, Lee said next quarter’s sales are likely to be flat or even decline from this quarter, because of few product launches by its clients.
“Given that some of Inventec’s clients are scheduled to launch new products at the end of next quarter, sales contributions from the new products will be limited next quarter, but should become significant next year,” he said.
Inventec president Huang Kuo-chun (黃國鈞) last month said that sales for this quarter would grow significantly from the second quarter’s NT$90.62 billion (US$2.75 billion), supported by growing orders for commercial notebooks, smart devices and servers.
Local media have reported that Inventec is joining the supply chain of US company Fitbit Inc’s wearable products as a joint design manufacturer.
Lee did not confirm or deny such speculation, but said the company would start shipping wearable products for a new client next quarter.
Overall, the company’s combined sales in the second half of this year would still be better than the NT$179.99 billion it made in the first half of this year, he said.
Inventec shares rose 1.2 percent to close at NT$16.90 in Taipei trading yesterday, outperforming the TAIEX, which edged up 0.71 percent.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Pegatron Corp (和碩), an iPhone assembler for Apple Inc, is to spend NT$5.64 billion (US$186.82 million) to acquire HTC Corp’s (宏達電) factories in Taoyuan and invest NT$578.57 million in its India subsidiary to expand manufacturing capacity, after its board approved the plans on Wednesday. The Taoyuan factories would expand production of consumer electronics, and communication and computing devices, while the India investment would boost production of communications devices and possibly automotive electronics later, a Pegatron official told the Taipei Times by telephone yesterday. Pegatron expects to complete the Taoyuan factory transaction in the third quarter, said the official, who declined to be