Power management chip supplier Silergy Corp (矽力杰) yesterday saw its share price jump 3.4 percent to NT$1,370 after the company was added to the MSCI Global Standard Index in the latest adjustments, bucking the TAIEX’s slump.
Silergy shares have skyrocketed 44.21 percent since the beginning of this year, boosting its market capitalization to NT$125.79 billion (US$4.2 billion) — rivaling those of the nation’s major chip designers, such as Novatek Microelectronics Corp’s (聯詠) NT$123.83 billion and Realtek Semiconductor Corp’s (瑞昱) NT$125.63 billion.
Novatek and Realtek shares fell 3.1 percent and 2.19 percent respectively, while the TAIEX closed down 1.44 percent yesterday.
MSCI Inc’s adjustments to its indices are to take effect after the close on May 29.
Silergy yesterday posted record-high net profit for last quarter at NT$699.83 million, up 92 percent from NT$364.4 million a year earlier.
That translated into earnings per share of NT$7.67, up from NT$4.07 a year earlier.
Gross margin rose to 50 percent, from 46 percent a year earlier, due to higher revenue contribution from industrial devices.
Revenue last quarter grew 39 percent to NT$2.85 billion, from NT$2.05 billion in the same period last year.
With the COVID-19 situation stabilizing, Silergy told an investors’ conference that it expects consumer electronics demand to regain strength in the second half of this year.
For the full year, the company said that it expects revenue to increase by between 20 percent and 30 percent annually to a new record high, from NT$10.78 billion last year.
Order visibility from China is clear, as factories have gradually restarted operations, leading to increasing demand for chips used in 5G base stations and data centers this quarter, the company said.
By product, power management chips for consumer electronics, 5G base stations and set-top boxes contributed 35 percent to Silergy’s overall revenue last quarter, while chips used in industrial devices including smart meters and smart speakers made up 43 percent, the largest revenue source, company data showed.
To cope with expanding operations, Silergy plans to recruit 100 workers this year, boosting total head count from 878 to 978.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new