Clevo Co (藍天電腦) has raised its notebook computer shipment target for the second half of the year in light of stronger-than-expected shipments of 650,000 units in the first half, the company said in a stock exchange filing yesterday.
After shipping a record 130,000 units last month, Clevo raised its second-half shipment target to 1.5 million units from its prior forecast of 1.31 million units, it said in the filing.
“Clevo is experiencing particularly strong second-half notebook demand from new developing markets. We used a 4:6 ratio for our first and second-half shipment figures to calculate this increase in demand. Hence, Clevo is boosting its factory capacity to be able to manufacture 17,000 units per month,” Danny Yu (游添榮), a senior vice president at Clevo, said in the filing.
The company’s notebook shipment adjustment came after it inked a five-year US$48 million syndicated loan with five local lenders to fund its growth. The terms of the loan is LIBOR (London Inter-Bank Overnight Rate) plus 0.85 percentage points.
The lead underwriters are Taiwan Business Bank (台灣企銀) and Cathay United Bank (國泰世華銀行). Yuanta Commercial Bank (元大銀行), Hua Nan Commercial Bank (華南銀行) and the Land Bank of Taiwan (土地銀行) are co-underwriters.
Clevo said it would use the funds for its offshore manufacturing facility in Kunshan, China.
Asked who its main clients are, Clevo spokesperson declined to comment, citing confidentiality.
Shares of Clevo closed 0.11 percent higher at NT$45.15 yesterday. The stock has declined 0.45 percent year to date.
Tony Tseng (曾省吾), a Taipei-based analyst at Merrill Lynch, said in a report yesterday that Taiwanese notebook makers were expected to outperform their third-quarter seasonal average by 7 percentage points, while motherboard makers were forecast to underperform by 6 percentage points.
“In the third quarter, total PC shipments out of Taiwan are expected to increase by 17.1 percent quarter over quarter,” Tseng wrote.
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
NEW PRODUCTS: MediaTek plans to roll out new products this quarter, including a flagship mobile phone chip and a GB10 chip that it is codeveloping with Nvidia Corp MediaTek Inc (聯發科) yesterday projected that revenue this quarter would dip by 7 to 13 percent to between NT$130.1 billion and NT$140 billion (US$4.38 billion and US$4.71 billion), compared with NT$150.37 billion last quarter, which it attributed to subdued front-loading demand and unfavorable foreign exchange rates. The Hsinchu-based chip designer said that the forecast factored in the negative effects of an estimated 6 percent appreciation of the New Taiwan dollar against the greenback. “As some demand has been pulled into the first half of the year and resulted in a different quarterly pattern, we expect the third quarter revenue to decline sequentially,”
Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co. (better known as Foxconn) ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose 60 places to reach No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc. at 348th, Pegatron Corp. at 461st, CPC Corp., Taiwan at 494th and Wistron Corp. at 496th. According to Fortune, the world’s
DIVERSIFYING: Taiwanese investors are reassessing their preference for US dollar assets and moving toward Europe amid a global shift away from the greenback Taiwanese investors are reassessing their long-held preference for US-dollar assets, shifting their bets to Europe in the latest move by global investors away from the greenback. Taiwanese funds holding European assets have seen an influx of investments recently, pushing their combined value to NT$13.7 billion (US$461 million) as of the end of last month, the highest since 2019, according to data compiled by Bloomberg. Over the first half of this year, Taiwanese investors have also poured NT$14.1 billion into Europe-focused funds based overseas, bringing total assets up to NT$134.8 billion, according to data from the Securities Investment Trust and Consulting Association (SITCA),
RSS