Yageo Corp (國巨), the world’s third-largest supplier of ceramic capacitors (MLCC), yesterday raised its business outlook for this quarter, as customers’ inventories returned to healthy levels and the year-end shopping season stimulated demand.
Inventory turnover of finished goods might fall to 70 days in the fourth quarter, down from 90 days as estimated previously, signaling that the worst might be over, Yageo said in a statement.
That would be a substantial improvement from 147 days at the end of the first quarter.
Recovering demand will help shore up factory utilization, it said.
Yageo issued the positive outlook after it last month posted a third straight monthly revenue expansion.
Revenue rose about 3 percent to NT$3.52 billion (US$113.9 million) last month, compared with NT$3.41 billion in August, the highest since January.
That brought the company’s third-quarter revenue to NT$10.31 billion, up 7.62 percent from NT$9.58 billion in the second quarter, snapping three quarters of quarterly contractions.
The growth “reflected continuous demand increase in greater China and other Asian regions,” the company said.
However, it remained vigilant amid a challenging environment for sales given unresolved trade frictions between the US and China, Yageo said.
Chilisin Electronics Corp (奇力新), Yageo’s passive-component manufacturing arm, posted revenue of NT$1.4 billion for last month, little changed from August’s NT$1.41 billion.
Last quarter, revenue expanded 3.73 percent to NT$4.17 billion from NT$4.02 billion in the second quarter.
Smaller rival Holy Stone Enterprise Co (禾伸堂) yesterday posted 10.39 percent growth in revenue for last month to NT$1.45 billion, from NT$1.32 billion the prior month.
In the third quarter, Holy Stone’s revenue jumped 7.45 percent to NT$4.04 billion, compared with NT$3.76 billion in the second quarter.
“The company’s operations improved in the third quarter, attributable to inventory reduction in the supply chain and seasonal pickup in demand,” Holy Stone said in a statement.
Supply and demand are to reach parity, while factory usage will increase gradually in the fourth quarter, it said.
Walsin Technology Corp (華新科) said that revenue last month declined 2.87 percent to NT$2.37 billion from NT$2.44 billion a month earlier.
Walsin attributed the decline to its inventory management and lower average selling prices.
The company’s revenue contracted 8.38 percent to NT$7.22 billion last quarter from NT$7.88 billion in the previous quarter.
‘DECENT RESULTS’: The company said it is confident thanks to an improving world economy and uptakes in new wireless and AI technologies, despite US uncertainty Pegatron Corp (和碩) yesterday said it plans to build a new server manufacturing factory in the US this year to address US President Donald Trump’s new tariff policy. That would be the second server production base for Pegatron in addition to the existing facilities in Taoyuan, the iPhone assembler said. Servers are one of the new businesses Pegatron has explored in recent years to develop a more balanced product lineup. “We aim to provide our services from a location in the vicinity of our customers,” Pegatron president and chief executive officer Gary Cheng (鄭光治) told an online earnings conference yesterday. “We
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
The battle for artificial intelligence supremacy hinges on microchips, but the semiconductor sector that produces them has a dirty secret: It is a major source of chemicals linked to cancer and other health problems. Global chip sales surged more than 19 percent to about US$628 billion last year, according to the Semiconductor Industry Association, which forecasts double-digit growth again this year. That is adding urgency to reducing the effects of “forever chemicals” — which are also used to make firefighting foam, nonstick pans, raincoats and other everyday items — as are regulators in the US and Europe who are beginning to
RSS