CHIPMAKERS
Nanya revenue declines
DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday reported that revenue last month declined 43.94 percent annually to NT$4.58 billion (US$144.81 million) from NT$8.16 billion as prices dropped amid weak demand and excessive inventory. That was an increase of 12 percent from NT$4.09 billion in June, the company said in a statement. Nanya said price declines would be lower this quarter compared with a quarterly dip of 15 percent last quarter. In the first seven months of this year, cumulative revenue shrank 44.93 percent to NT$28.39 billion from NT$51.55 billion in the same period last year.
MANUFACTURERS
Largan sales rise 3%
Largan Precision Co (大立光), a leading supplier of camera lens modules, yesterday reported that last month’s revenue increased 3 percent year-on-year and 34 percent month-on-month to NT$5.47 billion. The results corresponded to expectations of an improvement from revenue in June. Cumulative revenue from January to last month reached NT$29.38 billion, up 10.92 percent year-on-year. The company’s production reached full capacity last month on steadily rising orders, Largan chief executive officer Adam Lin (林恩平) said two weeks ago at a quarterly earnings conference.
PNEUMATICS
Airtac reports steady revenue
Pneumatic components supplier Airtac International Group (亞德客) yesterday said that revenue last month was little changed from the previous month at NT$1.34 billion, although cumulative revenue in the first seven months of the year decreased 4 percent to NT$9.12 billion from a year earlier. Overall demand in the pneumatic industry remained weak last month compared with a year earlier due to the US-China trade dispute, Airtac said in a statement. Demand in the electronic equipment, general machinery and automobile industries was weak last month, although the packaging machinery and battery industries showed improved growth, the company said.
HARNESSES
BizLink sales hit US$62m
Wire harness maker BizLink Holding Inc (貿聯) yesterday said that its sales last month increased 6.46 percent year-on-year, but fell 4.64 percent month-on-month to US$62.07 million. The company said last month's revenue was less than the previous month's US$65.08 million due to some customers' inventory adjustment as well as lower output at plants in Eastern Europe during the summer break. BizLink, an exclusive harness supplier to US electric vehicle maker Tesla Inc, said cumulative sales in the first seven months of the year were US$433.16 million, up 9.4 percent from the same period last year.
AUDIO COMPONENTS
Merry revenue rises
Audio components maker Merry Electronics Co (美律) yesterday reported that consolidated revenue rose 4.57 percent annually to NT$3.05 billion for last month, lifting the company’s cumulative sales in the first seven months of this year to NT$20.65 billion, an increase of 47.64 percent year-on-year, a company filing showed.
FOOD AND BEVERAGES
Uni-President profit rises
Uni-President Enterprises Corp (統一企業) yesterday reported net profit for the first half of the year increased 6.34 percent annually to NT$5.5 billion from NT$5.17 billion a year earlier, with earnings per share of NT$5.29. Revenue climbed 4.04 percent year-on-year to NT$125.03 billion, the company said in a statement. Apart from its core business, investments in Starbucks coffee shops in Taiwan and 7-Eleven convenience stores in the Philippines made contributions, it said.
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ENERGY IMPACT: The electricity rate hike is expected to add about NT$4 billion to TSMC’s electricity bill a year and cut its annual earnings per share by about NT$0.154 Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has left its long-term gross margin target unchanged despite the government deciding on Friday to raise electricity rates. One of the heaviest power consuming manufacturers in Taiwan, TSMC said it always respects the government’s energy policy and would continue to operate its fabs by making efforts in energy conservation. The chipmaker said it has left a long-term goal of more than 53 percent in gross margin unchanged. The Ministry of Economic Affairs concluded a power rate evaluation meeting on Friday, announcing electricity tariffs would go up by 11 percent on average to about NT$3.4518 per kilowatt-hour (kWh)