Green Energy Technology Inc (綠能科技), the nation’s biggest solar wafer maker, yesterday posted its third straight quarterly loss as stagnant demand continued to be a drag on solar prices.
During the quarter ending March 31, Green Energy’s losses narrowed to NT$255 million (US$8.45 million) compared with a net loss of NT$591 million in the fourth quarter last year, according to the company’s latest financial statement.
The Taoyuan-based company, which posted a net profit of NT$372 million a year earlier, said more moderate price declines and higher shipments of better-margin crystalline bricks helped shrink its net loss last quarter, the statement said.
Gross margin improved to minus-10 percent last quarter from minus-12 percent the previous quarter, but deteriorated from 10 percent a year earlier, the statement showed.
Revenue last quarter fell 2 percent quarter-on-quarter and 50 percent year-on-year to NT$2.63 billion, it said.
Green Energy said in March that it had lowered factory utilization to about 80 percent from 90 percent the previous month, as well as adjusted its product portfolio to cope with dwindling demand.
Green Energy president Swean Lin (林士源) said that this year “will be another tough year for the solar industry.”
The company’s revenue last month fell 8.48 percent month-on-month to NT$853 million, snapping four consecutive months of growth, according to a separate statement.
On an annual basis, revenue tumbled 52 percent.
Green Energy said it plans to raise funds by issuing 800 million new common shares or corporate bonds to replenish its operating capital and to buy new equipment.
Green Energy shares plunged 2.16 percent to close at NT$15.85 in Taipei trading yesterday.
SELF-SUFFICIENCY: Alibaba is one of a number of Chinese firms that has answered Beijing’s call to invest in the development of cutting-edge technologies Alibaba Group Holding Ltd (阿里巴巴) yesterday unveiled a new server chip that is based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency. The Chinese tech giant’s newest chip is based on micro-architecture provided by the SoftBank Group Corp-owned Arm Ltd, it said. Alibaba, which is holding its annual cloud summit in Hangzhou, China, said that the chip is to be used in its own data centers in the “near future” and would not, for the time being, be sold commercially. “Customizing our own server chips is consistent with our ongoing efforts toward boosting our computing capabilities with better
Production at Taiwan Semiconductor Manufacturing Corp’s (TSMC, 台積電) fabs was not affected by a fire at a construction site for a water recycling facility in the Southern Taiwan Science Park in Tainan. The world’s biggest contract chipmaker said that the construction site is not adjacent to its fabs, which were unaffected. CTCI Corp (中鼎工程) is responsible for the construction of the facility, which it is to operate itself once it is completed, the chipmaker said. The facility caught fire at about 11am, and the blaze was brought under control about 30 minutes after the incident was reported, the Southern Taiwan Science Park Administration
‘SHORT-TERM ECONOMIC PAIN’: A military takeover would only temporarily weigh on wafer production on both sides of the Taiwan Strait, IC Insights said Taiwan has more chip manufacturing capacity than any other economy in the world, US-based market information advisory firm IC Insights said in a research paper last week, cautioning that the nation’s strength could prompt China to attempt to take over Taiwan. Taiwan commanded 21.4 percent of global installed IC capacity, ahead of South Korea’s 20.4 percent, Japan’s 15.8 percent and China’s 15.3 percent, North America’s 12.6 percent and Europe’s 5.7 percent, IC Insights said. Taiwan is one of two countries that uses 10-nanometer technology or better to produce wafers, holding 62.8 percent of global capacity, with South Korea holding the remaining 37.2
AGGRESSIVE STEP: With the new processors, Apple is aiming at the high-end chips Intel has provided for the MacBook Pro and other top-end Macs for about 15 years Apple Inc on Monday took the most aggressive step yet to strip Intel Corp chips from its computers, announcing more powerful homegrown Mac processors alongside a total revamp of its MacBook Pro laptop computers. The company showcased the chips at an event called “Unleashed,” which also included its latest audio products. The new components, called the M1 Pro and M1 Max chips, are 70 percent faster than its M1 predecessors, Apple said. It also unveiled a redesigned MacBook Pro, adding larger screens, MagSafe charging and better resolution. With the new processors and devices, Apple is aiming squarely at the high-end chips that Intel has