SEMICONDUCTORS
WT gives revenue guidance
IC distributor WT Microelectronics Co (文曄科技) yesterday said it expects consolidated revenue of between NT$85 billion and NT$91 billion (US$2.77 billion and US$2.96 billion) this quarter, after posting sales of NT$84.8 billion last quarter, which was better than its guidance. Gross margin is likely to range between 3.2 percent and 3.4 percent, compared with 3.65 percent last quarter, while operating expenses would decrease to between 1.6 percent and 1.8 percent, compared with last quarter’s 2.01 percent, the company said. Net income was NT$990 million for last quarter, or earnings per share of NT$1.79. In the first three quarters of this year, the company earned NT$2.19 billion, up 20.42 percent year-on-year, or earnings per share of NT$3.96.
ELECTRONICS
Delta sales rise 10 percent
Delta Electronics Inc (台達電), the nation’s leading power and thermal solutions provider, yesterday reported consolidated sales of NT$21.3 billion for last month, a 10 percent increase from NT$19.44 billion in the same period last year. Cumulative sales from January to last month totaled NT$193.69 billion, up 7 percent from NT$181.66 billion in the same period last year. Separately, Lite-On Technology Corp (光寶科技), a top electronics components supplier, reported consolidated sales of NT$17.6 billion for last month, up 7 percent year-on-year. Thanks to stable end demand from core businesses, cumulative sales in the first 10 months of the year decreased 2.14 percent annually to NT$174.22 billion, Lite-On said in a statement.
NETWORKING
Accton to end GDR program
Accton Technology Corp (智邦科技), a local maker of computer networking equipment such as routers, yesterday said its board of directors has resolved to terminate the firm’s global depositary receipt (GDR) program and deposit agreement to lower relevant management costs. As of Wednesday last week, the firm’s outstanding GDRs on the Luxembourg Stock Exchange totaled 37,332 units (representing 74,664 common shares), Accton said in a statement. In the first three quarters of the year, Accton reported cumulative sales of NT$30.07 billion and operating income of NT$2.44 billion. Net income reached NT$2.15 billion, or earnings per share of NT$3.89.
SEMICONDUCTORS
Wafer shipments rise 8.6%
Global silicon wafer shipments last quarter increased 8.6 percent from a year earlier in terms of surface area, the SEMI Silicon Manufacturers Group (SMG) said on Wednesday in a news release. Shipments totaled 3.255 billion square inches, up from the 2.997 billion square inches a year earlier, SMG data showed. On a quarterly basis, shipments rose from 3.164 billion square inches.
E-COMMERCE
KKday reveals new investors
Travel e-commerce platform KKday yesterday announced that Line Ventures, the corporate venture arm of Line Corp, and Alibaba Entrepreneurs Fund (阿里巴巴創業者基金), a not-for-profit initiative of Alibaba Group Holding Ltd (阿里巴巴), participated in its Series B+ funding. Existing investors, including CDIB Capital Group (中華開發資本) and Monk’s Hill Ventures, a Southeast Asia-focused fund, also participated with follow-on investments, KKday said in a news release. The strategic funding would accelerate KKday’s efforts to leverage innovative technologies in travel bookings and experiences, the firm said.
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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