CHIPMAKERS
Nanya revenue declines
DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday reported that revenue last month declined 43.94 percent annually to NT$4.58 billion (US$144.81 million) from NT$8.16 billion as prices dropped amid weak demand and excessive inventory. That was an increase of 12 percent from NT$4.09 billion in June, the company said in a statement. Nanya said price declines would be lower this quarter compared with a quarterly dip of 15 percent last quarter. In the first seven months of this year, cumulative revenue shrank 44.93 percent to NT$28.39 billion from NT$51.55 billion in the same period last year.
MANUFACTURERS
Largan sales rise 3%
Largan Precision Co (大立光), a leading supplier of camera lens modules, yesterday reported that last month’s revenue increased 3 percent year-on-year and 34 percent month-on-month to NT$5.47 billion. The results corresponded to expectations of an improvement from revenue in June. Cumulative revenue from January to last month reached NT$29.38 billion, up 10.92 percent year-on-year. The company’s production reached full capacity last month on steadily rising orders, Largan chief executive officer Adam Lin (林恩平) said two weeks ago at a quarterly earnings conference.
PNEUMATICS
Airtac reports steady revenue
Pneumatic components supplier Airtac International Group (亞德客) yesterday said that revenue last month was little changed from the previous month at NT$1.34 billion, although cumulative revenue in the first seven months of the year decreased 4 percent to NT$9.12 billion from a year earlier. Overall demand in the pneumatic industry remained weak last month compared with a year earlier due to the US-China trade dispute, Airtac said in a statement. Demand in the electronic equipment, general machinery and automobile industries was weak last month, although the packaging machinery and battery industries showed improved growth, the company said.
HARNESSES
BizLink sales hit US$62m
Wire harness maker BizLink Holding Inc (貿聯) yesterday said that its sales last month increased 6.46 percent year-on-year, but fell 4.64 percent month-on-month to US$62.07 million. The company said last month's revenue was less than the previous month's US$65.08 million due to some customers' inventory adjustment as well as lower output at plants in Eastern Europe during the summer break. BizLink, an exclusive harness supplier to US electric vehicle maker Tesla Inc, said cumulative sales in the first seven months of the year were US$433.16 million, up 9.4 percent from the same period last year.
AUDIO COMPONENTS
Merry revenue rises
Audio components maker Merry Electronics Co (美律) yesterday reported that consolidated revenue rose 4.57 percent annually to NT$3.05 billion for last month, lifting the company’s cumulative sales in the first seven months of this year to NT$20.65 billion, an increase of 47.64 percent year-on-year, a company filing showed.
FOOD AND BEVERAGES
Uni-President profit rises
Uni-President Enterprises Corp (統一企業) yesterday reported net profit for the first half of the year increased 6.34 percent annually to NT$5.5 billion from NT$5.17 billion a year earlier, with earnings per share of NT$5.29. Revenue climbed 4.04 percent year-on-year to NT$125.03 billion, the company said in a statement. Apart from its core business, investments in Starbucks coffee shops in Taiwan and 7-Eleven convenience stores in the Philippines made contributions, it 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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