Swancor reports a net loss
Materials manufacturer and wind farm developer Swancor Holding Co Ltd (上緯) yesterday reported a net loss of NT$6 million (US$201,626) for last month, down 109 percent from a year earlier, with net losses per share of NT$0.07. However, revenue rose 32 percent year-on-year to NT$487 million, the company said in a filing with the Taiwan Stock Exchange. In the first quarter, net losses expanded to NT$42 million, or net losses per share of NT$0.47, while total revenue rose 22.63 percent to NT$1.15 billion, the filing showed. The market regulator requested that Swancor disclose its latest financial figures amid stock price fluctuations and after it closed down by the daily limit at NT$136 yesterday.
WPG net income rises 2.4%
Semiconductor component distributor WPG Holdings Co (大聯大) yesterday reported that net income last quarter improved 2.4 percent quarterly to NT$1.89 billion, with earnings per share of NT$1.04. First-quarter sales rose 3.62 percent annually to NT$123.41 billion, the company said, citing growing shipments of computer, consumer electronics, communications, cloud services and automotive-related components. The company also unveiled its guidance for this quarter, forecasting that sales would reach between NT$127 billion and NT$140 billion, while operating margin would be between 1.85 and 1.98 percent, compared with 1.95 percent last quarter.
Gamania gross margin rises
Online game publisher Gamania Digital Entertainment Co (遊戲橘子) yesterday said rising sales and an improving product mix helped increased its gross margin 7 percentage points from a year earlier to 25 percent for the first quarter. Net profit for the period surged 664 percent to NT$408 million, with earnings per share of NT$2.41, the company said. First-quarter revenue rose 119 percent to NT$4.86 billion, which the firm attributed to the growing popularity of its biggest online game, Lineage M. Gamania said contribution from Lineage M and game points distribution subsidiary Gash Co Ltd (樂點) would be major growth drivers for this quarter.
Ichia revenue falls 6 percent
Handset keypad maker Ichia Technologies Inc (毅嘉科技) yesterday posted revenue of NT$580 million for last month, down 6 percent from March, due to a shortage of raw materials. On an annual basis, revenue rose 12 percent, it said. Last month’s revenue included about NT$457 million in sales of flexible printed circuit integrated components and about NT$125 million from mechanical integrated components, Ichia said in a filing with the stock exchange. Cumulative revenue for the first four months of the year expanded 9 percent year-on-year to NT$2.17 billion, it said.
TSMC fab starts operations
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) 12-inch fab in Nanjing, China, has officially started mass production and is ready for shipments of chips using its 16-nanometer process in the near term, the Chinese-language Economic Daily News reported, citing industry sources. The world’s largest contract chipmaker held a ground-breaking ceremony for the plant on July 7, 2016. The Nanjing facility’s first shipment was delivered to Beijing-based Bitmain Technologies Ltd (比特大陸), the world’s largest bitcoin mining organization, the newspaper said.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion
MediaTek Inc (聯發科) has hired a former US Department of Commerce official to help it navigate worsening US-China tensions that have already ensnared its customer Huawei Technologies Co (華為). Patrick Wilson, who most recently served as director of the department’s Office of Business Liaison, has been appointed vice president of government affairs at MediaTek USA to lead its public policy initiatives, the chip designer said in a draft press statement seen by Bloomberg News. Wilson previously worked at the Semiconductor Industry Association, where he led the trade group’s dealings with the US federal government. Technology companies with ties to or operations in China