SMARTPHONES
HTC’s sales rise 5.04%
HTC Corp (宏達電) yesterday posted sales of NT$15.75 billion (US$516.73 million) for last month, up 5.04 percent from NT$14.99 billion a year ago. On a monthly basis, sales contracted 5.74 percent from September’s NT$16.71 billion, according to a company statement.
PANELMAKERS
Wintek revenue plunges
Touchpanel maker Wintek Corp (勝華) yesterday said revenue fell 6.36 percent to NT$5.76 billion last month, from NT$5.42 billion in September. On an annual basis, revenue plunged 20.18 percent from NT$7.22 billion. In the first 10 months of this year, revenue edged lower by 0.005 percent to NT$60.348 billion from NT$50.351 billion in the same period of last year.
PANELMAKERS
Innolux ‘still in loans talks’
Innolux Corp (群創光電), the nation’s largest LCD panel maker, yesterday said it was still in talks with local banks to arrange syndicated loans totaling NT$60 billion. Innolux dismissed a report by the Economic Daily News that local lenders rejected its borrowing plan after LED chipmaker Chi Mei Lighting Technology Corp (奇力光電) filed for bankruptcy. Innolux said that creditor banks have taken over Chi Mei following the firm’s announcement of bankruptcy. Innolux said state-owned Bank of Taiwan (台灣銀行) is in charge of its syndicated loans application and the loans are not affected by the bankruptcy.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
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