HTC Corp shares rose yesterday on the eve of the launch of its new One series, setting a new high of more than four months.
HTC shares opened high and moved higher, rising by 10 percent at one point, the maximum daily increase, to NT$82.20, a new high since the NT$75.30 recorded on June 9.
HTC’s share price has been in decline this year, hitting bottom at NT$40.35 on Aug. 24, when it announced a US$60 million share buyback.
The share price has rebounded by 103 percent since the repurchase program to restore investor confidence and increase shareholder value. In addition, net purchases by foreign institutional investors have reached 36 million shares since Sept. 8.
HTC is to launch its much-anticipated One series, believed to be the HTC One A9, simultaneously online in Taipei, New York, London and New Delhi today.
The new One series is expected to boost HTC sales in the fourth quarter.
HTC shares closed at NT$81 yesterday in Taipei trading, up 8.29 percent, or NT$6.20 from the previous session.
HTC’s rally spurred on other non-Apple smartphone suppliers, with Ichia Technologies Inc (毅嘉科技) gaining 6.6 percent to NT$20.20, Merry Electronics Co (美律) rising 5.75 percent to NT$64.40 and Silitech Technology Corp (閎暉實業) gaining 1.03 percent to NT$19.60.
BUSINESS UPDATE: The iPhone assembler said operations outlook is expected to show quarter-on-quarter and year-on-year growth for the second quarter Hon Hai Precision Industry Co (鴻海精密) yesterday reported strong growth in sales last month, potentially raising expectations for iPhone sales while artificial intelligence (AI)-related business booms. The company, which assembles the majority of Apple Inc’s smartphones, reported a 19.03 percent rise in monthly sales to NT$510.9 billion (US$15.78 billion), from NT$429.22 billion in the same period last year. On a monthly basis, sales rose 14.16 percent, it said. The company in a statement said that last month’s revenue was a record-breaking April performance. Hon Hai, known also as Foxconn Technology Group (富士康科技集團), assembles most iPhones, but the company is diversifying its business to
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GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that revenue would rise moderately in the second half of this year, driven primarily by robust demand for advanced wafers used in high-bandwidth memory (HBM) chips, a key component of artificial intelligence (AI) technology. “The first quarter is the lowest point of this cycle. The second half will be better than the first for the whole semiconductor industry and for GlobalWafers,” chairwoman Doris Hsu (徐秀蘭) said during an online investors’ conference. “HBM would definitely be the key growth driver in the second half,” Hsu said. “That is our big hope
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