Yeh-Chiang Technology Corp (業強), which specializes in thermal components and other electronics materials, yesterday said that it aims to increase shipments of heat pipes by more than 10 percent this year to 88 million units, as demand surges during the traditional peak season for consumer electronics.
Heat pipes, which are mainly used in smartphones and computers, contributed about 85 percent of the company’s overall revenue in the first half of the year.
“We are already more than halfway through our goal,” a Yeh-Chiang official said by telephone on condition of anonymity.
The company has high order visibility through the end of this quarter and expects the flow of orders to remain steady until the end of the year, the official added.
As smartphone makers are anxious to release 5G devices in the next few quarters, the company is optimistic about its vapor chamber business, as 5G devices generate much more heat compared with 4G models, necessitating demand for more efficient cooling systems, they said.
However, the company faces a labor shortage due to high production levels at its plants, which have yet to reach full capacity, the official said.
Yeh-Chiang reported a 44.62 percent year-on-year surge in net profit for last quarter to NT$65.66 million (US$2.09 million).
In the first half of the year, total net profit rose to NT$129.91 million, from NT$8.22 million in the same period last year, with earnings per share of NT$0.71.
Revenue declined from NT$978.39 million to NT$949.09 million over the six-month period, while gross margin increased from 13 percent to 28 percent, company data showed.
Yeh-Chiang is optimistic about shipments in the second half after shipping more than 9 million units in July.
JITTERS: Nexperia has a 20 percent market share for chips powering simpler features such as window controls, and changing supply chains could take years European carmakers are looking into ways to scratch components made with parts from China, spooked by deepening geopolitical spats playing out through chipmaker Nexperia BV and Beijing’s export controls on rare earths. To protect operations from trade ructions, several automakers are pushing major suppliers to find permanent alternatives to Chinese semiconductors, people familiar with the matter said. The industry is considering broader changes to its supply chain to adapt to shifting geopolitics, Europe’s main suppliers lobby CLEPA head Matthias Zink said. “We had some indications already — questions like: ‘How can you supply me without this dependency on China?’” Zink, who also
At least US$50 million for the freedom of an Emirati sheikh: That is the king’s ransom paid two weeks ago to militants linked to al-Qaeda who are pushing to topple the Malian government and impose Islamic law. Alongside a crippling fuel blockade, the Group for the Support of Islam and Muslims (JNIM) has made kidnapping wealthy foreigners for a ransom a pillar of its strategy of “economic jihad.” Its goal: Oust the junta, which has struggled to contain Mali’s decade-long insurgency since taking power following back-to-back coups in 2020 and 2021, by scaring away investors and paralyzing the west African country’s economy.
Tax revenue from securities transactions last month increased 41.9 percent from a year earlier to NT$30.3 billion (US$975.8 million), rising on an annual basis for the third consecutive month and marking the highest for the month of October as Taiwanese stocks continued to perform strongly, data released by the Ministry of Finance showed yesterday. Last month, the TAIEX surged 2,412.81 points, or 9.34 percent, marking its largest-ever monthly rise for October as market sentiment was buoyed by a nearly 15 percent gain in contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which accounts for more than 40 percent of the
BUST FEARS: While a KMT legislator asked if an AI bubble could affect Taiwan, the DGBAS minister said the sector appears on track to continue growing The local property market has cooled down moderately following a series of credit control measures designed to contain speculation, the central bank said yesterday, while remaining tight-lipped about potential rule relaxations. Lawmakers in a meeting of the legislature’s Finance Committee voiced concerns to central bank officials that the credit control measures have adversely affected the government’s tax income and small and medium-sized property developers, with limited positive effects. Housing prices have been climbing since 2016, even when the central bank imposed its first set of control measures in 2020, Chinese Nationalist Party (KMT) Legislator Lo Ting-wei (羅廷瑋) said. “Since the second half of
RSS