Local flat-panel maker Amtran Technology Co (
The company said it expected its annual revenues to expand to more than NT$50 billion (US$1.524 billion) on the back of continued growth momentum.
The forecast revenues would represent a 68 percent increase from last year's NT$29.72 billion.
"Boosted by increasing shipments, June revenues expanded to a new monthly record," Amtran Technology said in a statement. "We forecast revenues will increase to more than NT$50 billion for the whole year."
Shares of Amtran Technology advanced 1.83 percent to close at NT$41.75 yesterday, outperforming the benchmark TAIEX index's 0.43 percent rise.
In a company filing to the Taiwan Stock Exchange, the company said its revenues more than doubled to NT$5.61 billion last month, compared with a year ago, or up 10.71 percent from May.
In the first six months, Amtran Technology's revenues almost doubled to NT$26.23 billion from NT$13.52 billion a year earlier, the filing showed.
Amtran Technology, which makes own-brand liquid-crystal-display (LCD) TVs and also supplies other companies, tapped into the brand business with its Vizio-brand TVs in North America in early 2005. The company is now the No. 3 TV vendor in the world's biggest slim-screen TV market.
Its shipments also jumped to 230,000 units last month, up from 200,000 in April, the company's filing showed.
"This is a result of fast-growing demand for flat-panel TVs," it said.
Amtran Technology attributed its increased shipments to improving marketing strategies and new sales channels such as Wal-Mart Stores Inc and Sears, Roebuck & Co in North America.
Last month, Amtran Technology hiked its shipment forecast for this year to 2.6 million flat-panel TVs outfitted with either LCD or plasma display panels, from its previous estimate of 2 million. Amtran said it shipped 990,000 TV sets last year.
In terms of PDP TV manufacturing, Amtran Technology is competing head-to-head with TPV Technology Ltd (
PUNCTURE-PROOF: Air Fom tires are made of material used in sports shoe soles and offer a comfortable ride, although people are still skeptical about solid tires Getting a flat tire is a nightmare for cyclists, sending home early any rider who had ventured outdoors without a repair kit or spare inner tubes. Although punctured tires have long been a pain point for cyclists, the problem has never been effectively resolved, despite the bicycle industry going back centuries. A few products have been developed to help reduce the likelihood of flat tires: puncture-resistant tires, which are thicker than usual tires or come with a protective layer; anti-puncture tapes, which are placed between the tire and inner tube to offer extra protection; and tubeless systems that use sealant to close
Tesla Inc temporarily halted some production at its auto assembly plant in California because of problems with its supply chain, but work has begun to resume, CEO Elon Musk told employees in an e-mail on Thursday. “We are experiencing some parts supply issues, so took the opportunity to bring Fremont production down for a few days to do equipment upgrades and maintenance,” Musk said in an all-staff message seen by Bloomberg. The factory was “back up and running as of yesterday,” and would rapidly ramp up to full production of Model 3 and Model Y cars “over the next several days,”
LONG-TERM PLAN: The company expects growth in revenue from its automotive business this year and that it would contribute meaningfully to sales from 2023 Hon Hai Precision Industry Co’s (鴻海精密) new electric vehicle (EV) platform is expected to help launch vehicles later this year, chairman Young Liu (劉揚偉) said on Saturday, signifying major progress in the electronics giant’s push into the automotive industry. Two light vehicles designed using the company’s MIH Open Platform would be unveiled in the fourth quarter, Liu told reporters at the company’s headquarters in New Taipei City’s Tucheng District (土城). Hon Hai might at the same time also help launch an electric bus, he said. Hon Hai has been seeking to expand its automotive capabilities at a time when technology companies including
The production value of Taiwan’s semiconductor industry grew 20.9 percent year-on-year to NT$3.22 trillion (US$113.6 billion) last year, and it is expected to build on that performance this year, the Industrial Technology Research Institute’s (工研院) Industry, Science and Technology International Strategy Center said yesterday. The global semiconductor market grew 6.8 percent to US$440.4 billion last year, boosted by robust demand from the digital transformation and growing stay-at-home economy seen during the COVID-19 pandemic, the center said. That strength is likely to carry over to this year, leading to an 8.6 percent increase in domestic output to a new record NT$3.49 trillion,