Sinbon Electronics Co (信邦電子), which produces cables, connectors and modems, on Wednesday last week posted record-high sales, with analysts saying its customer and product diversification strategy isolates it from the consequences of a possible trade war.
Consolidated sales grew 16.94 percent month-on-month to NT$1.26 billion (US$43.2 million), also rising 16.3 percent year-on-year, the company said in a Taiwan Stock Exchange filing.
In the first three months of this year, combined sales totaled NT$3.54 billion, representing an annual increase of 7.73 percent from NT$3.28 billion and expanding 7.67 percent from the previous quarter’s NT$3.28 billion, company data showed.
Founded in 1989, Sinbon is a provider of electronics integration solutions, ranging from component design and manufacturing to trade in finished products. Over the past few years, the company has focused on the “MAGIC” industries — medical, automotive, “green” energy, industrial applications and communications — and due to its connector business, it is a major beneficiary of the push to develop wind energy generation in Taiwan.
Sinbon said annual sales growth in the first quarter was due to a 14.5 percent shipment increase in the industrial segment, while the medical segment saw shipments grow by 10.6 percent.
The company’s renewable energy business reported 10.4 percent higher shipments and the automotive business registered 9.6 percent shipment growth, while the communications business shipped 1.7 percent less than in the same period last year, it said.
Reacting to growing demand in the industrial segment, the company plans to expand its capacity in China by the end of next year through a new plant in Jiangyin, Jiangsu Province, while it is to add capacity in Miaoli County by the second quarter of this year for its semiconductor, aviation and defense businesses.
Analysts said that the industrial, medical and automotive businesses would remain the main growth drivers for the company this year.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”