IC testing service provider King Yuan Electronics Co (京元電) yesterday reported that revenue last month was NT$2.11 billion (US$67.8 million) — a June record — up 22.68 percent from NT$1.72 billion in June last year.
Revenue in the April-to-June period also reached a new quarterly high at NT$6.09 billion, rising 20.83 percent year-on-year, King Yuan said in a regulatory filing.
The company has reported double-digit percentage growth in its monthly revenue for eight months in a row and said that it expects the trend to continue in the third quarter.
Orders for chips for 5G base station testing remained steady, while automotive chips declined slightly, it said.
However, as new smartphone models are expected to hit the market in the third quarter, orders for smartphone chip testing are on the rise, it said.
SIGURD
Separately, chip testing and packaging service provider Sigurd Microelectronics Corp (矽格) on Tuesday reported improved revenue for last month as orders continued to grow for segments such as cryptocurrency chips, network communication chips, power management ICs and memory chips.
Revenue for the month was NT$801.29 million, down 9.8 percent from NT$887.96 million in June last year.
However, the annual fall was narrower than declines in April and May of more than 15 percent, Sigurd said.
Revenue for the second quarter decreased 14.7 percent year-on-year to NT$2.21 billion, but increased 9.6 percent from NT$2.04 billion in the first quarter.
Revenue in the third quarter is expected to continue improving as the semiconductor industry enters a peak season, Sigurd said.
CHIP WAR: Tariffs on Taiwanese chips would prompt companies to move their factories, but not necessarily to the US, unleashing a ‘global cross-sector tariff war’ US President Donald Trump would “shoot himself in the foot” if he follows through on his recent pledge to impose higher tariffs on Taiwanese and other foreign semiconductors entering the US, analysts said. Trump’s plans to raise tariffs on chips manufactured in Taiwan to as high as 100 percent would backfire, macroeconomist Henry Wu (吳嘉隆) said. He would “shoot himself in the foot,” Wu said on Saturday, as such economic measures would lead Taiwanese chip suppliers to pass on additional costs to their US clients and consumers, and ultimately cause another wave of inflation. Trump has claimed that Taiwan took up to
A start-up in Mexico is trying to help get a handle on one coastal city’s plastic waste problem by converting it into gasoline, diesel and other fuels. With less than 10 percent of the world’s plastics being recycled, Petgas’ idea is that rather than letting discarded plastic become waste, it can become productive again as fuel. Petgas developed a machine in the port city of Boca del Rio that uses pyrolysis, a thermodynamic process that heats plastics in the absence of oxygen, breaking it down to produce gasoline, diesel, kerosene, paraffin and coke. Petgas chief technology officer Carlos Parraguirre Diaz said that in
SUPPORT: The government said it would help firms deal with supply disruptions, after Trump signed orders imposing tariffs of 25 percent on imports from Canada and Mexico The government pledged to help companies with operations in Mexico, such as iPhone assembler Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), shift production lines and investment if needed to deal with higher US tariffs. The Ministry of Economic Affairs yesterday announced measures to help local firms cope with the US tariff increases on Canada, Mexico, China and other potential areas. The ministry said that it would establish an investment and trade service center in the US to help Taiwanese firms assess the investment environment in different US states, plan supply chain relocation strategies and
Japan intends to closely monitor the impact on its currency of US President Donald Trump’s new tariffs and is worried about the international fallout from the trade imposts, Japanese Minister of Finance Katsunobu Kato said. “We need to carefully see how the exchange rate and other factors will be affected and what form US monetary policy will take in the future,” Kato said yesterday in an interview with Fuji Television. Japan is very concerned about how the tariffs might impact the global economy, he added. Kato spoke as nations and firms brace for potential repercussions after Trump unleashed the first salvo of