ELECTRONICS
Hon Hai posts revenue gain
Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler, yesterday reported consolidated revenue of NT$589.73 billion (US$19.14 billion) for last month, up 21.48 percent annually. From January to last month, cumulative revenue totaled NT$4.08 trillion, an increase of 17.7 percent from NT$3.46 trillion in the same period last year, Hon Hai said in a statement. Wistron Corp (緯創), another iPhone assembler, reported that revenue last month increased 2.06 percent annually to NT$91.64 billion and cumulative revenue in the first 10 months of the year expanded 9.31 percent to NT$725.81 billion annually.
MANUFACTURING
Gaming boosts Sun Max
Industrial cooling fan maker Sun Max Tech Ltd (動力) yesterday reported that sales last month grew 10.39 percent year-on-year to NT$131.68 million, driven by gaming-related demand after its clients launched graphics cards using Nvidia Corp’s Turing graphics processing chips. Cumulative sales in the first 10 months of the year increased 9.61 percent from the same period last year to NT$1.08 billion, the company said. Sun Max’s cooling fan business focuses on the gaming segment, with graphics card cooling kits and other gaming-related products for PCs accounting for more than 80 percent of overall sales.
FOOD AND BEVERAGE
Yummy Town profit falls
Yummy Town Holdings Corp (雅茗天地集團), which operates restaurant and tea brands globally, yesterday reported that net income attributable to its parent company was NT$37.19 million last quarter, down from NT$48.01 million in the same quarter last year. Earnings per share fell from NT$1.56 to NT$1.11 over the period, the company said in a statement. Consolidated sales grew 6.27 percent to NT$582.91 million, but higher operating expenses caused gross margin to drop by 1.06 percentage points to 52.82 percent and operating margin to fall by 3.22 percentage points to 8.01 percent. Cumulative sales in the first 10 months grew 10 percent to NT$1.8 billion.
SOFTWARE
Gamania sales grow 73%
Online game publisher Gamania Digital Entertainment Co (遊戲橘子) yesterday reported consolidated sales of NT$870 million for last month, up 73 percent year-on-year, on the persistent contribution from its popular game Lineage M. In the first 10 months of the year, cumulative sales increased 96 percent annually to NT$12.29 billion, the company said. Third-quarter net profit was NT$530 million, with earnings per share of NT$3.11, a quarterly high, and total net profit for the first three quarters hit NT$1.46 billion, up 40.51 percent annually, with earnings per share of NT$8.59.
TEXTILES
Eclat profit helped by scale
Textile and garment manufacturer Eclat Textile Co (儒鴻) on Thursday posted earnings per share of NT$11.43 for the first three quarters this year, up from NT$11.2 for all of last year. The company attributed its earnings growth to the optimization of its product mix and increased economies of scale. Net profit was NT$1.04 billion last quarter, up 12.39 percent annually, with total net profit in the first three quarters rising 58.18 percent annually to NT$3.14 billion. Eclat expects business to pick up further and peak this quarter due to Christmas sales and increased shipments to sportswear brands. In the first 10 months of the year, consolidated sales grew 16.77 percent annually to NT$22.72 billion, it said.
FALLING BEHIND: Samsung shares have declined more than 20 percent this year, as the world’s largest chipmaker struggles in key markets and plays catch-up to rival SK Hynix Samsung Electronics Co is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce its global headcount by thousands of jobs, sources familiar with the situation said. The layoffs could affect about 10 percent of its workforces in those markets, although the numbers for each subsidiary might vary, said one of the sources, who asked not to be named because the matter is private. Job cuts are planned for other overseas subsidiaries and could reach 10 percent in certain markets, the source said. The South Korean company has about 147,000 in staff overseas, more than half
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,”
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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