ELECTRONICS
Lite-On posts higher revenue
Lite-On Technology Corp (光寶科技) yesterday reported consolidated revenue of NT$19.53 billion (US$638.55 million) for last month, rising 2 percent year-on-year and 17 percent month-on-month. The result was Lite-On’s best performance in the past six months, company data showed. The company attributed the result to stable demand for LED products and components. Its cloud-computing business also lent support to the result, Lite-On said. The company’s accumulative consolidated revenue in the first six months was NT$104.4 billion, 1 percent higher than the same period last year.
CHIPMAKERS
TSMC meets its forecast
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a 15.6 percent month-on-month increase in revenue for last month, helping the world’s largest contract chipmaker meet its second-quarter forecast. Revenue last month rose to NT$84.19 billion from NT$72.8 billion in May. Last quarter, revenue totaled NT$213.86 billion, hitting the low end of the company’s forecast of between NT$213 billion and NT$216 billion. The figure represented a quarterly decline of 8.57 percent from NT$233.91 billion in the first quarter. Local rival United Microelectronics Corp (聯電) yesterday said its revenue rose 4.2 percent last month to NT$13.1 billion from May’s NT$12.51 billion. Last quarter, revenue increased 0.32 percent quarter-on-quarter to NT$37.54 billion from NT$37.42 billion. That beat the company’s expectation of a flattish second quarter.
CHIPMAKERS
Price rises boost Nanya
Nanya Technology Corp (南亞科技), the nation’s biggest DRAM chipmaker, yesterday said its revenue rose 1.9 percent last month to NT$4.19 billion, compared with NT$4.12 billion in May. That represented 36.98 percent year-on-year growth, according to a company statement. In the second quarter, revenue rose 3.22 percent quarter-on-quarter to NT$12.63 billion due to price increases, it said. Nanya Technology said in May that a chip shortage would worsen this quarter as supply cannot catch up with rising seasonal demand for smartphones and consumer electronics. The company expects prices to rise 10 percent as demand is expected to increase 1 percent faster than supply. The chipmaker plans to release detailed financial results and to give its business outlook during an investors’ conference on Monday next week.
FINANCIAL SERVICES
Hua Nan earns NT$1.65bn
State-run Hua Nan Financial Holding Co (華南金控) earned NT$1.65 billion in net income last month, led by its banking arm Hua Nan Commercial Bank (華南銀行), the bank-focused conglomerate said in a statement. The lender generated NT$1.6 billion in net profit last month, accounting for 97.02 percent of overall income, although other subsidiaries also made contributions amid an improving economy at home and abroad, the company said.
HOSPITALITY
FDC posts higher revenue
Hotel and restaurant operator FDC International Hotels Corp (雲品國際) yesterday posted revenue of NT$108 million for last month, an improvement of 8.52 percent from the same period last year on the back of better food and beverage sales. The hotelier in May acquired two eateries in New Taipei City and Taoyuan, allowing it to increase banquet sales, it said in a statement.
Taiwan will prioritize the development of silicon photonics by taking advantage of its strength in the semiconductor industry to build another shield to protect the local economy, National Development Council (NDC) Minister Paul Liu (劉鏡清) said yesterday. Speaking at a meeting of the legislature’s Economics Committee, Liu said Taiwan already has the artificial intelligence (AI) industry as a shield, after the semiconductor industry, to safeguard the country, and is looking at new unique fields to build more economic shields. While Taiwan will further strengthen its existing shields, over the longer term, the country is determined to focus on such potential segments as
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position in global supply chains. AMD chief executive officer Lisa Su (蘇姿丰) told reporters that Taiwan is an important part of the chip designer’s ecosystem and she is discussing with partners and customers in Taiwan to forge strong collaborations on different areas during this critical period. AMD has just become the first artificial-intelligence (AI) server chip customer of TSMC to utilize its advanced
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
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