COMPUTERS
Inventec revenue up 2.16%
Inventec Corp (英業達) yesterday posted revenue of NT$34.66 billion (US$1.15 billion) for last month, a year-on-year expansion of 2.16 percent from the NT$33.93 billion recorded in the same period last year. The firm’s accumulative revenue rose 3.96 percent year-on-year to NT$134.42 billion in the first four months of this year, the company said in a filing with the Taiwan Stock Exchange. Inventec said its notebook segment, which accounted for more than 50 percent of its total revenue, shipped 1.3 million units last month. The company said it forecast total notebook shipments this quarter could increase by 5 percent from the previous quarter’s 4.25 million units.
HOME APPLIANCES
Tatung deal breaches rules
Financial Supervisory Commission Vice Chairman Cheng Cheng-mount (鄭貞茂) yesterday confirmed that Chinese investors had purchased about NT$1 billion of Tatung Co (大同) shares in a breach of the rules governing cross-strait investments, amid an ongoing management feud and proxy battle. Cheng vowed to enforce a NT$600,000 fine against the Chinese investors involved and said that it must not be paid by SinoPac Securities (Asia) Ltd (永豐金證券亞洲), a Hong Kong-based brokerage subsidiary of SinoPac Financial Holdings Co (永豐金控), which facilitated the purchases. He said that the commission would look into pushing for an amendment to raise the relatively light penalty while responding to lawmakers’ questions at the legislature in Taipei.
ELECTRONICS
Minister backs Hon Hai plan
Minister of Science and Technology Chen Liang-gee (陳良基) yesterday expressed support for a plan by Hon Hai Precision Industry Co (鴻海), the world’s largest contract electronics maker, to invest in the US. In an interview with Yahoo TV, Chen said because Hon Hai mainly focuses on assembly, it needs to be close to its customers and markets. He said it would be beneficial if the nation’s component-based industries set up operations around the world, because that would enable them to seize a share of other markets. In particular, he said, Taiwanese companies should establish operations in India. Once they gain a foothold there, Taiwan-made components could create more value elsewhere, he added. Hon Hai released a statement on April 29 confirming it was in talks with the US government over possible investments in the US after chairman Terry Gou (郭台銘) was filmed visiting the White House.
CHIPMAKERS
MediaTek revenue slumps
MediaTek Inc (聯發科), which supplies handset chips primarily to Chinese smartphone makers, yesterday posted a 22.91 percent year-on-year decline in revenue for last quarter of NT$17.75 billion, down from NT$23.02 billion in April last year. On a monthly basis, revenue fell 14.75 percent from March’s NT$20.82 billion. MediaTek forecast that its revenue would be flat or grow 8 percent this quarter as demand from smartphone makers recovers. Memorychip makers Nanya Technology Corp (南亞科技) and Marconix International Co (旺宏電子) reported that revenue last quarter grew 45.11 percent and 17.5 percent year-on-year to NT$4.32 billion and NT$2.05 billion respectively, as tight supply boosted chip prices. Winbond Electronics Corp (華邦電子), another memorychip maker, reported a 3.28 percent annual growth in revenue for last quarter at NT$3.64 billion.
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
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