Acer Inc, the world's fourth-largest computer vendor, yesterday posted nearly 30 percent growth for third quarter net income on robust demand.
Net income leapt to NT$2.92 billion (US$89.84 million), or NT$1.24 per share, during the July-September period, from NT$1.85 billion, or NT$0.78 a share. Revenues increased around 29 percent to NT$121.93 billion from NT$94.73 billion during the same period.
That brought the earnings to NT$10.56 billion in the first nine months of the year, up 18 percent from the same period last year.
Acer is scheduled to give its outlook for the fourth quarter and comment about its purchase of Gateway Inc during an investor's conference today.
Acer shares rose 3.43 percent to NT$72.4 yesterday after analysts at Citigroup, CLSA and Goldman Sachs raised their outlook on Acer or reinitiated the stock as they expected the purchase of the US PC brand would help further boost Acer's market share and cost efficiency.
Acer's shipments jumped nearly 60 percent to 5.44 million units in the quarter ended Sept. 30, compared to 3.42 million units a year earlier, the International Data Corp's (IDC) tallies showed.
That helped expand Acer's global market share to 8.1 percent from 5.9 percent, catching up the world's No.3 computer maker Lenovo Group (聯想), according to the IDC. Lenovo's market share rose to 8.2 percent last quarter.
ENERGY ISSUES: The TSIA urged the government to increase natural gas and helium reserves to reduce the impact of the Middle East war on semiconductor supply stability Chip testing and packaging service provider ASE Technology Holding Co (日月光投控) yesterday said it planned to invest more than NT$100 billion (US$3.15 billion) in building a new advanced chip testing facility in Kaohsiung to keep up with customer demand driven by the artificial intelligence (AI) boom. That would be included in the company’s capital expenditure budget next year, ASE said. There is also room to raise this year’s capital spending budget from a record-high US$7 billion estimated three months ago, it added. ASE would have six factories under construction this year, another record-breaking number, ASE chief operating officer Tien Wu
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
For weeks now, the global tech industry has been waiting for a major artificial intelligence (AI) launch from DeepSeek (深度求索), seen as a benchmark for China’s progress in the fast-moving field. More than a year has passed since the start-up put Chinese AI on the map in early last year with a low-cost chatbot that performed at a similar level to US rivals. However, despite reports and rumors about its imminent release, DeepSeek’s next-generation “V4” model is nowhere in sight. Speculation is also swirling over the geopolitical implications of which computer chips were chosen to train and power the new
Intel Corp is joining Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc, Space Exploration Technologies Corp and xAI, marking a surprising twist in the chipmaker’s comeback bid. Intel would help the Terafab project “refactor” the technology in a chip factory, the company said on Tuesday in a post on X, Musk’s social media platform. That is a stage in the development process that typically helps make chips more powerful or reliable. The chipmaker’s shares jumped 4.2 percent to US$52.91 in New York trading on Tuesday. The Terafab project is a grand plan by Musk to eventually manufacture his own chips for
RSS