Inventec Corp (英業達) yesterday reported its highest monthly revenue in nine months, fueled by the better-than-expected demand for servers and commercial PCs.
“The server demand from Chinese data center clients was better than the company’s previous estimate, boosting the overall revenue performance,” an Inventec investor relations official said by telephone.
On a consolidated basis, revenue for last month reached NT$40.21 billion (US$1.24 billion), jumping 28.87 percent year-on-year and 17.64 percent month-on-month, according to the company’s filing with the Taiwan Stock Exchange.
That brought Inventec’s quarterly revenue to NT$108.32 billion in the second quarter, up 19.43 percent annually and 13.59 percent quarterly. Last quarter’s figure was also higher than the market estimate of NT$97.71 billion.
Inventec previously forecast that revenue from its server business would grow by only high single-digit percentages in the second quarter from the previous quarter, but due to unexpected orders from its Chinese clients, the growth rate could reach as much as 30 percent, the official said.
The sales contribution from the server business is expected to expand to nearly 40 percent last quarter from the previous quarter’s 35 percent, the official said.
Inventec’s PC business, which accounted for 48 percent of the company’s overall revenue in the first quarter, also grew better than Inventec’s expectations last quarter.
“We previously forecast a flattish revenue from the PC segment last quarter, but thanks to North American clients’ strong demand, the sales expanded by single-digit percentage from a quarter earlier,” the official said.
Revenue of Inventec’s handheld segment, including its smartphone assembling business for China’s Xiaomi Corp (小米), climbed mildly last quarter from a quarter earlier, in line with the company’s estimate, she said.
However, the company’s solar power business saw sales drop slightly last quarter from the first quarter, due to the falling average selling prices, she added.
Inventec said it expects demand for servers, PCs and handheld devices to grow steadily this quarter, on the back of the traditional peak season for the electronics industry, the official said.
However, the company’s revenue for this quarter would be flattish or only a slight increase from last quarter, given a higher base last quarter, she said.
The cumulative revenue in the first half expanded 13.17 percent annually from NT$179.99 billion to NT$203.69 billion, the filing said.
With an approval rating of just two percent, Peruvian President Dina Boluarte might be the world’s most unpopular leader, according to pollsters. Protests greeted her rise to power 29 months ago, and have marked her entire term — joined by assorted scandals, investigations, controversies and a surge in gang violence. The 63-year-old is the target of a dozen probes, including for her alleged failure to declare gifts of luxury jewels and watches, a scandal inevitably dubbed “Rolexgate.” She is also under the microscope for a two-week undeclared absence for nose surgery — which she insists was medical, not cosmetic — and is
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
Nintendo Co hopes to match the runaway success of the Switch when its leveled-up new console hits shelves on Thursday, with strong early sales expected despite the gadget’s high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017 — making it the third-best-selling video game console of all time. However, despite buzz among fans and robust demand for pre-orders, headwinds for Nintendo include uncertainty over US trade tariffs and whether enough people are willing to shell out. The Switch 2 “is priced relatively high”
RSS