The government’s multi-year plan to replace the nation’s 1.3 million fluorescent street lamps with energy-saving LED lamps will provide a boost to the domestic LED industry, an analyst said yesterday.
“Companies from LED chipmakers to LED lamp suppliers are all potential beneficiaries,” an LED analyst with DRAMeXchange Technology Inc (集邦科技) said.
Replacement demand could create more than NT$13 billion (US$405 million) in revenue for LED street lamp manufacturers, the Taipei-based research firm projected.
Delta Electronics Inc (台達電) and Alliance Optotek Corp (中盟光電), an LED subsidiary of the nation’s No. 2 chipmaker United Microelectronics Corp (聯電) and Lite-On Technology Corp (光寶科技), which owns an LED lamp manufacturing arm Leotek Electronics Corp (光林), could also be potential beneficiaries.
The new pledge also helped cushion share prices of some local LED companies such as LED street lamp maker Bright LED Electronics Corp (佰鴻), whose shares rallied 4.67 percent to NT$41.5, beating the benchmark TAIEX, which plunged 2.23 percent yesterday.
The nation’s biggest LED chipmaker Epistar Corp (晶電) also out-performed the main bourse by tumbling 2 percent to end on NT$98.
Another LED lamp maker Genesis Photonics Inc (新世紀光電) edged lower 0.2 percent to NT$49.5, after announcing that it would collaborate with Japan’s JFE Holdings Inc to sell LED lamps used in factories, office buildings, bus stations and street lamps in Japan.
During a visit to Delta Electronics’ Taipei headquarters on Sunday, President Ma Ying-jeou (馬英九) said the government planned to replace the nation’s 1.3 million fluorescent street lamps with LED street lamps beginning next year.
This year, about 900,000 new LED street lamps will be installed around the world, up 50 percent from the 600,000 units installed last year, DRAMeXchange forecast.
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
Taiwanese manufacturers have a chance to play a key role in the humanoid robot supply chain, Tongtai Machine and Tool Co (東台精機) chairman Yen Jui-hsiung (嚴瑞雄) said yesterday. That is because Taiwanese companies are capable of making key parts needed for humanoid robots to move, such as harmonic drives and planetary gearboxes, Yen said. This ability to produce these key elements could help Taiwanese manufacturers “become part of the US supply chain,” he added. Yen made the remarks a day after Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) said his company and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) are jointly
United Microelectronics Corp (UMC, 聯電) expects its addressable market to grow by a low single-digit percentage this year, lower than the overall foundry industry’s 15 percent expansion and the global semiconductor industry’s 10 percent growth, the contract chipmaker said yesterday after reporting the worst profit in four-and-a-half years in the fourth quarter of last year. Growth would be fueled by demand for artificial intelligence (AI) servers, a moderate recovery in consumer electronics and an increase in semiconductor content, UMC said. “UMC’s goal is to outgrow our addressable market while maintaining our structural profitability,” UMC copresident Jason Wang (王石) told an online earnings
MARKET SHIFTS: Exports to the US soared more than 120 percent to almost one quarter, while ASEAN has steadily increased to 18.5 percent on rising tech sales The proportion of Taiwan’s exports directed to China, including Hong Kong, declined by more than 12 percentage points last year compared with its peak in 2020, the Ministry of Finance said on Thursday last week. The decrease reflects the ongoing restructuring of global supply chains, driven by escalating trade tensions between Beijing and Washington. Data compiled by the ministry showed China and Hong Kong accounted for 31.7 percent of Taiwan’s total outbound sales last year, a drop of 12.2 percentage points from a high of 43.9 percent in 2020. In addition to increasing trade conflicts between China and the US, the ministry said
RSS