Automotive lighting products maker TYC Brother Industrial Co (堤維西) said it plans to tap into the Indonesian market next quarter as part of its strategy to expand its presence in Southeast Asia.
The firm has begun collaborating with distributors in Indonesia and plans to establish sales channels in the next few months, a company official said yesterday.
The Tainan-based company said it has secured large orders from Honda Motor Co’s Indonesia unit to supply automotive lighting products next year as its first step in acquiring business opportunities in the country’s original-equipment manufacturing market.
TYC is also seeking business partners in other ASEAN members, including the Philippines, Myanmar and Malaysia, to expand its regional footprint, it said.
“The company hopes to grab a larger share of ASEAN’s growing automotive components market,” TYC chairman Wu Chun-chi (吳俊佶) said at an annual shareholders’ meeting on Thursday.
The projects in Southeast Asia are likely to make significant contributions to revenue next year, Wu said, without providing a sales target.
As for the Chinese market, TYC said it would invest NT$1 billion (US$32.89 million) in automotive lighting research and development over the next five years for its Chinese clients in the aftermarket segment.
Supported by robust growth in the Chinese auto market, TYC said revenue of its Chinese subsidiary is forecast to grow by more than 5 percent annually this year.
Shareholders on Thursday approved a proposal to distribute a record-high cash dividend of NT$2 per share, which translated into a yield of 6.09 percent based on its closing price of NT$32.85 in Taipei trading yesterday.
TYC last year reported NT$987 million in net profit, soaring 30.04 percent annually, partly on the back of contributions from its Chinese joint venture Varroc TYC Auto Lamps Co (大茂偉瑞柯).
Earnings per share were NT$3.17, greater than NT$2.43 in 2015 and the highest level in 13 years, company data showed.
Revenue last year increased 6.08 percent annually to NT$15.96 billion, with the US accounting for nearly 45 percent of sales, while sales in Europe and Taiwan contributed 20 percent and 10 percent respectively, the data showed.
Gross margin last year increased from 21.94 percent to 23.05 percent, the data showed.
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
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet pod supplier to Taiwan Semiconductor Manufacturing Co (台積電), yesterday said it has trimmed its revenue growth target for this year as US tariffs are likely to depress customer demand and weigh on the whole supply chain. Gudeng’s remarks came after the US on Monday notified 14 countries, including Japan and South Korea, of new tariff rates that are set to take effect on Aug. 1. Taiwan is still negotiating for a rate lower than the 32 percent “reciprocal” tariffs announced by the US in April, which it later postponed to today. The
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
RSS