Automotive electronics maker E-Lead Electronic Co (怡利電子) aims to continue adjusting its product mix and sell more high-margin products in the coming months to achieve better performance this year.
The company has posted consecutive losses in the past two years.
Its plans include increasing the production of head-up display (HUD) and driver assistance parts, and delivering more high-margin products, such as advanced driving assistance system components and 360-degree surround-view cameras, a public relations official told the Taipei Times by telephone yesterday.
The company also aims to reduce the proportion of low-margin infotainment head units to 30 percent of total sales by the end of this year, compared with 40 percent last year.
“Head-up displays would be the driving force for sales in the second half of this year, as we plan to raise their proportion in total sales to 15 percent from less than 10 percent last year,” said the official, who asked to remain anonymous.
“HUD shipments have risen steadily this year in Taiwan and China,” he said.
Its HUD business might also benefit from new model launches by Geely Automobile Holdings Ltd (吉利汽車), Faw Car Co Hongqi Business (一汽紅旗) and South East (Fujian) Motor Corp (東南汽車) in China, he added.
E-Lead is developing at least six HUD products, which are likely to enter mass production in the first quarter of next year, the company said.
Revenue in the first six months increased 4.06 percent annually to NT$1.12 billion (US$36 million), with Indonesia remaining the largest market with about 35 percent share, followed by Taiwan with 23 percent and China at 20 percent.
The company’s shares yesterday closed up 1.17 percent at NT$21.55 in Taipei trading.
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
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
AVIATION: Despite production issues in the US, the Taoyuan-based airline expects to receive 24 passenger planes on schedule, while one freight plane is delayed The ongoing strike at Boeing Co has had only a minor impact on China Airlines Ltd (CAL, 中華航空), although the delivery of a new cargo jet might be postponed, CAL chairman Hsieh Su-chien (謝世謙) said on Saturday. The 24 Boeing 787-9 passenger aircraft on order would be delivered on schedule from next year to 2028, while one 777F freight aircraft would be delayed, Hsieh told reporters at a company event. Boeing, which announced a decision on Friday to cut 17,000 jobs — about one-tenth of its workforce — is facing a strike by 33,000 US west coast workers that has halted production
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
RSS