ELECTRONICS
Inventec revenue hits high
Contract electronics maker Inventec Corp (英業達) yesterday said that revenue last month reached a 41-month high on rising shipments of servers, notebook computers and handheld devices. Revenue expanded 4.19 percent year-on-year and 21.27 percent month-on-month to NT$41.898 billion (US$1.37 billion), bringing cumulative revenue in the first six months of this year to NT$210.87 billion, up 3.53 percent from the same period last year, the company said.
PANELMAKERS
Innolux sales jump 26.5%
Innolux Corp (群創), the nation’s largest flat-panel maker, reported that second-quarter sales soared by double-digits from a year earlier on the back of a spike in product prices. The company posted NT$84.5 billion in consolidated sales, jumping 26.5 percent from a year earlier, but declining 1.8 percent quarterly. Innolux said it last quarter shipped 29.13 million large-sized panels, up 8.5 percent quarter-on-quarter, while shipments of small-sized panels dropped 4.3 percent to 59.17 million units. Smaller rival HannStar Display Corp (瀚宇彩晶) on Thursday reported second-quarter sales of NT$4.71 billion, down 24.52 percent from NT$6.24 billion in the first quarter.
FINANCE
CTBC income soars 88.65%
CTBC Financial Holding Co (中信金控) on Thursday said that net income last month rose 88.65 percent monthly to NT$5.32 billion, bringing cumulative earnings in the first half of the year to NT$19.39 billion, up 35.59 percent from the same period last year. Earnings per share in the six-month period were NT$1. The company attributed rising profits to slower appreciation of the New Taiwan dollar against the US dollar and sound investment performance. Earnings contribution from insurance unit Taiwan Life Insurance Co (台灣人壽保險) over the first half of the year rose 77 percent annually, it added.
CONSUMER GOODS
Taiwan Paiho sales jump
Taiwan Paiho Ltd (台灣百和), which supplies shoelaces and elastic tape, reported that sales last month soared 17.7 percent annually to NT$957.03 million, driven by rising demand for four-way stretchable elastic bands. In the first half of the year, sales totaled NT$5.66 billion, an increase of 9.25 percent year-on-year, the firm said in a filing with the Taiwan Stock Exchange on Thursday.
TECHNOLOGY
Egis revenue up 759 percent
Fingerprint sensor provider Egis Technology Inc (神盾) on Thursday reported that revenue last month rebounded to NT$296 million, an increase of 759 percent annually and 17 percent monthly. Second-quarter revenue declined 26 percent quarterly, Egis said, citing inventory digestion by a key customer. However, the second-quarter figure marked an annual increase of 247 percent, company data showed.
LIFE INSURANCE
Hybrid issuance to continue
The nation’s life insurers are expected to continue issuing hybrid capital securities in a bid to support their solvency, Fitch Ratings Inc said in a news release on Thursday. Since last year, life insurers have issued more than NT$160 billion of hybrid securities, with most of them being perpetual cumulative subordinated notes and callable 10 years from the date of issuance, Fitch said. However, some insurers are approaching the regulatory limit on hybrid issuance of 20 percent of available capital under the government’s risk-based capital regime, which will limit their further issuance, it said.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
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