Green Energy Technology Inc (綠能科技), the nation’s biggest solar wafer supplier, posted its smallest loss in seven quarters, thanks to stabilizing prices and reduced costs.
Losses shrank to NT$482 million (US$16.05 million) last quarter from a loss of NT$645 million in the first quarter and a loss of NT$911 million a year ago.
It was the company’s best performance since the second quarter of 2011, when it first fell into the red because of falling demand.
Gross margin improved to minus-16 percent last quarter because of cost cuts and a stable average selling price, from minus-19 percent in the first quarter and minus-24 percent last year.
Factory utilization reached 95 percent last quarter.
For the first half of the year, Green Energy posted a loss of NT$1.13 billion, down from a loss of NT$1.76 billion a year ago.
Most other Taiwanese solar cell manufacturers returned to profit last quarter, thanks to increased demand from Chinese clients amid trade disputes with the EU.
Taiwan’s largest solar cell maker, Neo Solar Power Corp (新日光), made a profit of NT$335 million, or NT$0.64 per share, last quarter, compared with a net loss of NT$599 million in the first quarter.
Gintech Energy Corp (昱晶) reported a second-quarter net income of NT$110 million, or NT$0.32 per share, while Motech Industries Inc (茂迪) had a net profit of NT$156 million, or NT$0.24 a share.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
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