Hon Hai Precision Industry Co (鴻海), which assembles Apple Inc’s iPads and iPhones, on Saturday reported that consolidated revenue last month increased 47.38 percent from a month earlier to its highest in nine months.
Revenue was NT$587.79 billion (US$18.98 billion), compared with NT$398.82 billion in August, the company said in a statement.
Last month’s result was in line with market expectations, as the company was gearing up to assemble new iPhone models for Apple.
Compared with August, Hon Hai said it benefited from a strong showing in its consumer electronics division, followed by the computing and communication devices businesses, it said in a statement.
On an annual basis, revenue was up 0.49 percent, said Hon Hai, one of the world’s leading electronics manufacturing service providers.
The company’s revenue for last month was the highest-ever for September in its history, while its third-quarter revenue of NT$1.39 trillion was also a record high, Hon Hai data showed.
For the first nine months of the year, revenue totaled NT$3.6 trillion, up 3.32 percent year-on-year, the filing showed.
Last week, the Nikkei Asian Review reported that Apple had told suppliers to boost production of iPhone 11 devices by up to 10 percent amid unexpectedly higher demand, suggesting a more budget-minded focus is paying off for Apple and indicating a potential boom for the US company’s suppliers.
However, as Washington is to add China-made items — including smartphones, notebook computers, toys and some clothing — to the 15 percent tariff list on Dec. 15, the market remains cautious over smartphone supply chains, as well as consumer electronics and computers that Taiwanese companies produce in China, analysts have said.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
STAYING AHEAD: TSMC expects its sales this year to grow 14 to 19 percent and could spend up to US$3.52 billion on research and development, leaving its rivals far behind Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) reported that the US last year approved 99 percent of its patent applications, which placed the tech giant among the top patent holders in the US. In its Corporate Social Responsibility Report, TSMC said it last year secured about 3,600 patents worldwide, including more than 2,300 in the US. As of the end of last year, TSMC owned more than 39,000 patents, the report said. The company last year filed almost 6,500 patent applications worldwide and ranked among the top 10 patent applicants in the US. In Taiwan, it was the largest patent applicant for the fourth