Vanguard International Semiconductor Corp (世界先進) yesterday said revenue this quarter would fall by 5.3 percent from the previous quarter on weakening demand for controller chips used in mobile phone panels.
However, the rate of decline would be better than the seasonal pattern, said Vanguard, which has a 30 percent share in the global market for controller chips used in LCD panels.
Revenue from controller chips for small LCD panels accounted for 20 percent of the company’s total revenue last quarter.
“We have two months of order visibility,” chairman Leuh Fang (方略) told an investors’ conference. “Revenue is to trend downward as customer demand dwindles.”
Demand is to weaken this quarter as customers are going through inventory digestion, Fang added.
However, Fang said he expects improving demand for consumer electronics to underpin the company’s revenue this quarter, although revenue might still shrink by between 0.76 and 5.3 percent to between NT$6.25 billion and NT$6.55 billion (US$203.29 million and US$213 million) from the previous quarter’s NT$6.6 billion.
The firm forecast that gross margin would fall to between 32 and 34 percent this quarter, from 33.7 percent last quarter, caused by unfavorable foreign-exchange rates.
Last quarter, Vanguard’s net profit grew 3.4 percent quarter-on-quarter to NT$1.36 billion, with earnings per share rising from NT$0.8 to NT$0.82.
That helped bring the company’s whole-year net profit to a record high of NT$5.54 billion, or NT$3.35 per share, the company said.
Vanguard said it plans to boost its capital expenditure this year by about 38 percent to US$1.8 billion, from NT$1.3 billion last year.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
RSS