Giga Solar Materials Corp (碩禾電子), a Taiwan-based provider of conductive materials for solar cells, topped the Deloitte Technology Fast500 Asia-Pacific ranking this year due to its significant sales growth, the accounting firm said on Thursday.
According to Deloitte, Giga Solar posted a 24,694 percent increase in sales for last year compared with 2007, the highest growth among the 500 Asia--Pacific high-tech firms surveyed.
In addition, Taiwan’s Microview Technology Corp (晶積科技), a flat panel module OEM service provider and Young Fast Optoelectronics Co (洋華光電), which produces touch panels, also ranked in the top 20.
Microview’s sales last year rose 1,877 percent from 2007, while Young Fast saw sales growth of 1,773 percent over the period.
Deloitte said a total of 86 Taiwanese high-tech companies were included in the top 500 enterprises, down 99 from last year.
However, the 86 Taiwanese firms enjoyed an average growth of 498 percent in sales from 2007 to last year, higher than the average increase of 377 percent from 2006 to 2008, according to the accounting firm.
Meanwhile, Taiwan’s 498 percent growth was also higher than the average increase of 322 percent among the 500 firms in the Asia-Pacific region, it added.
The chief executives of the 86 Taiwanese companies had mixed sentiments about the outlook for the global high- tech sector over the next year, while the chief executives of the 147 Chinese firms represented expressed optimism.
It was Deloitte’s ninth annual survey on the topic.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
AVIATION: Despite production issues in the US, the Taoyuan-based airline expects to receive 24 passenger planes on schedule, while one freight plane is delayed The ongoing strike at Boeing Co has had only a minor impact on China Airlines Ltd (CAL, 中華航空), although the delivery of a new cargo jet might be postponed, CAL chairman Hsieh Su-chien (謝世謙) said on Saturday. The 24 Boeing 787-9 passenger aircraft on order would be delivered on schedule from next year to 2028, while one 777F freight aircraft would be delayed, Hsieh told reporters at a company event. Boeing, which announced a decision on Friday to cut 17,000 jobs — about one-tenth of its workforce — is facing a strike by 33,000 US west coast workers that has halted production
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
RSS