Everlight posts revenue rise
Everlight Electronics Co (億光), the nation’s largest LED chip packager and lighting products supplier, yesterday posted 1.13 percent annual growth in quarterly revenue of NT$7.13 billion (US$220.7 million) for last quarter, up 2.58 percent from the previous quarter’s NT$6.95 billion. Everlight chairman Robert Yeh (葉寅夫) on Thursday told reporters that he has seen improving demand in the LED industry and expects the firm’s performance to continue improving this quarter.
Epistar revenue grows 10%
Epistar Corp (晶電), Taiwan’s leading LED chipmaker, reported nearly 10 percent annual growth in revenue to NT$2.1 billion for last month, driven by improving demand for blue-LED business and growing demand for infrared applications. Last month’s figure was up 9.87 percent annually — its first annual expansion in the past five months — but dropped slightly from the previous month’s NT$2.15 billion, company data showed. In the second quarter, Epistar’s revenue reached NT$6.55 billion, down 3.2 percent year-on-year, but up 8.2 percent quarter-on-quarter.
Mega income increases
State-run Mega Financial Holding Co (兆豐金控) on Thursday posted NT$2.33 billion in net income for last month, a 35.58 percent increase from a year earlier, supported by its main subsidiary, Mega International Commercial Bank (兆豐國際商銀), the company said in a statement. In the first half of the year, the bank-focused conglomerate accumulated NT$15.11 billion in net profit, a 2.29 percent retreat from the same period last year, with earnings per share of NT$1.11, company data showed.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
ELECTRIC FARMLAND: TSMC’s proposal to clear 230 hectares of reforested land for what would become Taiwan’s largest photovoltaic solar farm has generated concerns New rules curbing solar farms built on agricultural land sparked fierce debate at a packed public hearing at the Legislative Yuan yesterday, with industry representatives saying that the new restrictions would endanger President Tsai Ing-wen’s (蔡英文) green energy goals, while agricultural officials emphasized the importance of protecting farmers and the environment. The Tsai administration has set a target to generate 20 percent of the nation’s power from renewable sources by 2025, by which time it also aims to install 20 gigawatts (GW) of solar power, including 6GW from rooftop solar systems and 14GW from ground-mounted solar farms. Although rooftop solar systems are
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted monthly revenue that suggested second-quarter sales surpassed analysts’ estimates, underscoring how its technological lead is helping the chipmaker weather the COVID-19 pandemic and US sanctions on its second-biggest customer Huawei Technologies Co (華為). Apple Inc’s main iPhone chipmaker posted sales of NT$120.88 billion (US$4.08 billion) for last month, up 40.8 percent year-on-year and bringing its revenue for the second quarter to NT$310.7 billion, beating the NT$308.8 billion analysts expected on average. TSMC, a barometer for the industry thanks to its heft in the global supply chain, had previously lowered its revenue outlook for this
‘SENSITIVE MARKETS’: The previously unannounced project would involve the company handing over control of data to a third party to sidestep privacy concerns Google has abandoned plans to offer a major new cloud service in China and other politically sensitive countries due in part to concerns over geopolitical tensions and the COVID-19 pandemic, two employees familiar with the matter said, revealing the challenges for US tech giants to secure business in those markets. In May, the search giant shut down the initiative, known as “Isolated Region” and which sought to address nations’ desires to control data within their borders, the employees said. The action was considered a “massive strategy shift,” said one of the employees, who added that Isolated Region had involved hundreds of employees