Foreign reserves rise
Foreign-exchange reserves stood at US$436.73 billion at the end of last month, up US$864 million from August, the central bank said yesterday in a statement, attributing the gain to successful investment and management strategies. The latest data also showed that foreign portfolio managers held US$316.2 billion worth of domestic equities and bonds last month, accounting for 72 percent of total foreign-exchange reserves, the central bank said.
Largan revenue improves
Camera lens supplier Largan Precision Co (大立光) yesterday reported revenue of NT$4.95 billion (US$157.79 million) for last month, its highest monthly figure since November last year. Revenue grew 3 percent from the previous month, but fell 10 percent from a year earlier, the firm said in a filing with the Taiwan Stock Exchange. By shipment breakdown, 10 megapixel and above lenses accounted for 60 to 70 percent of its total shipments last month, while 8-megapixel products contributed between 20 and 30 percent, the firm said.
Catcher reports revenue fall
Metal casings supplier Catcher Technology Co (可成科技) yesterday reported revenue of NT$7.72 billion for last month. That was 3.26 percent less than last year’s NT$7.98 billion, but 10.3 percent more than the previous month’s NT$7 billion, the company said in a filing with the Taiwan Stock Exchange. Last month’s revenue marked the company’s highest monthly performance in the past 10 months, company data showed. In the first nine months of this year, Catcher’s revenue contracted 6.5 percent to NT$55.098 billion.
Lextar monthly sales expand
Lextar Corp (隆達), which makes upstream LED chips and provides downstream packaging services, yesterday said its sales last month expanded month-on-month dues to peak season demand for LED backlight units and lighting applications. Sales hit NT$1.24 billion, up 5.15 percent from August, the company said in a statement. However, sales declined 2.82 percent from a year earlier. Accumulated sales in the first nine months of this year fell 1.54 percent annually to NT$10.46 billion, company data showed.
TPK revenue falls 23.6%
Touchpanel maker TPK Holding Co (宸鴻) yesterday reported that third-quarter revenue decreased 23.6 percent to NT$26.17 billion from the previous year, but rose 53.2 percent from the second quarter. That brought revenue in the first three quarters of the year to NT$64.49 billion, down 25.81 percent from the same period last year, due to lower-than-expected demand for tablets and wearable devices.
Chilisin sales improve
Power inductor maker Chilisin Electronics Corp (奇力新) yesterday reported better-than-expected sales for last quarter on the back of rapid growth in electronics products for automobiles and a recovery in China’s smartphone market. Consolidated sales grew 27.1 percent year-on-year and 3.1 percent month-on-month to NT$525 million last month, a record for the company. That helped sales in the third quarter reach NT$1.52 billion, up 21.1 percent from the previous quarter and 25.3 percent from a year earlier, the company said.
INVENTORY DOUBLED: Key parts have backed up in warehouses, halting notebook production, as Acer’s CEO said that a gradual reopening would not solve the problem PC vendor Acer Inc (宏碁) yesterday said that lockdowns in China to control COVID-19 upended key component supply and disrupted PC production, although chip shortages have been improving. While chip supply constraints largely eased in the first quarter, the company faces uneven supplies of key components due to COVID-19 restrictions in China, Acer chairman and CEO Jason Chen (陳俊聖) told an online news conference. “Semiconductor shortage was the biggest problem in the first half of last year,” Chen said. “Now, we are beset by a supply chain issue caused by China's lockdowns.” With key components unable to be delivered and backing up in
MORE THAN BUZZ: The chip designer said it has received numerous orders from automakers to supply 5G modem chips, as it works to expand beyond smartphones MediaTek Inc (聯發科) yesterday said it would ship the first 5G chips for vehicles to customers in the Asia-Pacific region by the end of the year, as it moves to expand the reach of its 5G chips beyond smartphones. The Hsinchu-based chip designer said it has been developing 5G chips for connected vehicles over the past few years, targeting applications such as telematics and in-vehicle information systems. “We are seeing demand for 5G technology from numerous makers of connected cars, including electric vehicle makers. We have obtained numerous orders from automakers to supply 5G modem chips with highly integrated features,” J.C. Hsu
E Ink Holdings Inc (元太科技) yesterday said it would further expand capacity to cope with robust demand for e-paper displays used in e-readers, e-notes and electronic shelf labels, as the COVID-19 pandemic and rising inflation have not dampened consumer demand. Although rising inflation is weakening companies’ purchasing power, E Ink said that its customers have not scaled down orders for e-paper displays used in e-readers. “Reading is still the most affordable leisure activity that people have,” E Ink CEO Johnson Lee (李政昊) told an online investors’ conference in Taipei. As e-books are less expensive than paper books, “we have so far not seen
Covestro Taiwan Ltd (台灣科思創) yesterday launched a new research and development center that is to specialize in resin synthesis and fiberoptic coating after its parent company, Covestro AG, acquired a resins business from Royal DSM, it said. The German company in September 2020 agreed to buy the resins and functional materials business from Royal DSM for about 1.61 billion euros (US$1.69 billion), corporate data showed. The Dutch company’s local units, such as Covestro Resins (ROA) Ltd (帝昇) and Covestro Resins (Taiwan) Ltd (新力美), are next month to be integrated into Covestro Taiwan Ltd, with their employees continuing resins development, Covestro Taiwan said. The