Wire harness maker BizLink Holding Inc (貿聯控股) yesterday posted revenue of US$66.95 million for last month, an 11.42 percent year-on-year increase and the highest since April.
BizLink, the sole supplier of wiring harnesses for battery management systems in Tesla Inc’s Model 3, said in a statement that the growth in revenue came despite shipments being flat compared with the previous month.
BizLink’s product portfolio also includes components for IT and electrical appliances, as well as industrial, medical, solar energy and telecommunications equipment.
The company said shipments in the IT business marginally increased, while shipments in the automotive harnesses business also continued to grow.
Shipments of harnesses for electrical appliances and medical equipment remained firm, while demand from semiconductor customers was also strong.
In the first 10 months of the year, combined revenue grew 6.97 percent year-on-year to US$624.54 million, the company said.
Separately, LED module maker Excellence Optoelectronics Inc (聯嘉光電) posted record-high revenue of NT$434.05 million (US$14.29 million) for last month, a 25.45 percent year-on-year increase.
The company supplies LED modules for Tesla’s Model 3 and Ford Motor Co’s F-series pickup trucks, as well as LED lighting components for other North American automakers and parts suppliers.
Revenue in the first 10 months grew 25.08 percent year-on-year to NT$3.59 billion, the company said.
PharmaEssentia Corp (藥華醫藥) shares have jumped 80.56 percent since the company obtained a US polycythemia vera (PV) drug license for its new interferon drug Besremi (ropeginterferon alfa-2b-njft) on Nov. 12. Shares on Friday closed at NT$195 in Taipei trading, up from the stock’s closing price of NT$108 on Nov. 12. PV is a rare, chronic and life-threatening blood cancer linked to a stem cell mutation in the bone marrow that results in an overproduction of blood cells and places sufferers at risk of having a blood clot, stroke or heart attack. PharmaEssentia is preparing to make Besremi available in the US in the
The US$410 DeliSofter pot looks much like the rice cookers ubiquitous in Japanese households and it does prepare rice in 24 minutes. However, this invention of two Panasonic Corp engineers is designed to do more and help people with swallowing difficulties. The two women led the creation of a spin-off company, Gifmo Co, to sell the specialized steam cooker, which they say can turn fried chicken soft enough to be sliced with a potato chip. The machine works by first cutting into food with a series of blades and then subjecting it to extremely high pressure at a temperature of 120°C,
Google’s Irish subsidiary has agreed to pay 218 million euros (US$244.94 million) in back taxes to the Irish government, company filings showed on Thursday. The US tech giant, which had been accused of avoiding tax across Europe through loopholes known as the “Double Irish, Dutch Sandwich,” said it had “agreed to the resolution of certain tax matters relating to prior years.” Google Ireland Ltd said it would pay corporation tax of 622 million euros for last year, including the 218 million euros of backdated tax settlement and interest charges. The previous year, Google Ireland paid taxes of 263 million euros. The company, which is
Ginko International Co (金可國際), the nation’s biggest maker of contact lenses, yesterday said that its board of directors approved a takeover bid of NT$27.18 billion (US$976.43 million) by Glamor Vision Ltd and its subsidiary Glamor International Ltd. The Glamor offer was to buy all 97.07 million Ginko shares for NT$280 each, Ginko said in statement submitted to the Taiwan Stock Exchange. That represents a premium of 38.61 percent compared with Ginko’s closing price of NT$202 on Thursday. After the transaction, Ginko would become a private company, with all shares delisted from Taipei Exchange, the statement said. The firm’s global headquarters in Taichung and its
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