President Chain Store Corp (PCSC, 統一超商) yesterday said its annual sales of fresh fruit and vegetables are expected to grow by 20 percent from a year earlier to NT$1.2 billion (US$38.55 million) this year on expanded collaboration with a Formosa Environmental Technology Corp’s (台朔環保科技) organic farm.
President Chain last month launched a special sales section for fruit and vegetable products at a dozen 7-Eleven stores in northern Taiwan.
President Chain said that since the launch, it has seen a 50 percent growth in sales of the products, which are supplied by the environmental technology company’s farm in Taoyuan’s Yangmei District (楊梅).
President Chain plans to expand sales of the organic products to 70 stores by the end of next month and to 100 outlets in the first half of this year, a company statement said.
With plans to introduce more fruit and vegetable products from Formosa Environmental, President Chain said it hopes to turn the convenience-store chain into a small-scale supermarket.
The convenience store operator’s sales in the fresh fruit and vegetables sector reached NT$1 billion last year, President Chain fresh food division head Liang Wen-yuan (梁文源) said last month.
In the first three months of the year, sales of fresh fruit and vegetable products climbed 20 percent from the previous year, Liang said.
President Chain sells fresh fruit and vegetables at about 1,000 convenience stores.
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet pod supplier to Taiwan Semiconductor Manufacturing Co (台積電), yesterday said it has trimmed its revenue growth target for this year as US tariffs are likely to depress customer demand and weigh on the whole supply chain. Gudeng’s remarks came after the US on Monday notified 14 countries, including Japan and South Korea, of new tariff rates that are set to take effect on Aug. 1. Taiwan is still negotiating for a rate lower than the 32 percent “reciprocal” tariffs announced by the US in April, which it later postponed to today. The
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
ELECTRONICS: Strong growth in cloud services and smart consumer electronics offset computing declines, helping the company to maintain sales momentum, Hon Hai said Hon Hai Precision Industry Co (鴻海精密) on Saturday announced that its sales for last month rose 10 percent year-on-year, driven by strong growth in cloud and networking products amid the ongoing artificial intelligence (AI) boom. The company, also known internationally as Foxconn Technology Group (富士康科技集團), reported consolidated sales of NT$540.24 billion (US$18.67 billion) for the month, the highest ever for the period, and a 10.09 percent increase from a year earlier, although it was down 12.26 percent from the previous month. Hon Hai, which is Apple Inc’s primary iPhone assembler and makes servers powered by Nvidia Corp’s AI accelerators, said its cloud
STABLE RESULTS: Despite June’s lower consolidated revenue, second-quarter sales still reached a record high, driven by demand for chips for AI applications Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales of NT$263.71 billion (US$9.02 billion) for last month, its second-lowest monthly result this year. The world’s largest contract chipmaker said in a statement that its revenue last month only fared better than the NT$260.01 billion posted in February. Last month’s figure rose 26.9 percent from a year earlier, but slumped 17.7 percent from May, the company said. However, second-quarter revenue reached NT$933.8 billion, a record high for a single quarter, company data showed. The figure represented growth of 11.26 percent from the first quarter and 38.6 percent from a year earlier. Previously, TSMC said that
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