Largan Precision Co (大立光), a supplier of smartphone camera lenses to Apple Inc, on Saturday said its consolidated sales fell slightly last month from October, but that its year-to-date sales were still substantially higher than last year.
Sales reached NT$5.71 billion (US$173.97 million) last month, down 1 percent from a month earlier, but up 2 percent from a year earlier, Largan said in a statement.
In the first 11 months of the year, consolidated sales were up 30 percent from a year earlier at NT$51.90 billion, it said.
Largan said last month’s sales were little changed from a month earlier, in line with company expectations.
However, it cautioned that a slowdown in the global smartphone market could have a bigger negative impact on sales this month.
Analysts said last month’s figure and forecast for this month were evidence that October was the peak sales month this year for many high-tech firms in Taiwan and that clients might be slowing the pace at which they are building inventory because of sluggish demand.
Largan shares closed at NT$2,530 on Friday in Taipei trading, almost a 32 percent correction from this year’s high of NT$3,710 recorded on July 4.
A research note released by a US brokerage firm said Apple has shifted some of the orders it had given Largan to Kantatsu Co of Japan.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
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