E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays, expects revenue to climb to a four-year high this year as the COVID-19 pandemic helps fuel demand for e-readers and electronic shelf labels during the year-end shopping season.
The Hsinchu-based company said that retailers are accelerating adoption of electronic shelf labels to avoid virus transmission routes as well as to enhance delivery efficiency, as COVID-19 infections remain severe in the US and Europe.
Consumers are buying e-readers, tablet computers and laptops for remote learning or entertainment, instead of other items, as they are confined at home amid the pandemic, E Ink said.
Photo courtesy of E Ink Holdings Inc
The company is to introduce its new colored e-paper displays used in e-readers in the final quarter of this year.
Demand for its new color e-paper displays, dubbed Kaleido, has also improved and the firm is boosting capacity 10-fold, it said.
“This year will be the best year in terms of revenue after the company transformed itself into a pure e-paper display supplier in 2016,” E Ink chairman Johnson Lee (李政昊) told reporters on the sidelines of a news conference in New Taipei City’s Banciao District (板橋).
“Our order visibility is improving. We are seeing quite good momentum carrying into the first quarter of next year,” Lee said. “There will be year-on-year growth in revenue during the first quarter.”
“Customers are adding new orders constantly,” he said.
To meet customers’ rapidly growing demand for electronic shelf displays, E Ink is also expanding capacities in the US and in Hsinchu.
E Ink’s revenue grew 9.2 percent year-on-year to NT$11.1 billion (US$383.82 million) during the first nine months of this year, from NT$10.17 billion, after revenue last month rose to the highest level in 11 months at NT$1.53 billion.
E-readers and electronic shelf labels are the two major applications that drive demand for its e-paper displays, E Ink said.
E-paper displays for e-readers account for 60 percent of the firm’s revenue, it said.
Contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain the third-largest IC supplier this year, unchanged from last year, IC Insights said yesterday. IC designer MediaTek Inc (聯發科) is expected to become the 11th-largest, up from 16th last year, the semiconductor market research firm said. TSMC is expected to post US$45.42 billion in sales, up 31 percent from last year, IC Insights said in a report released on its Web site. TSMC’s sales growth is largely due to a surge in orders from Apple Inc and HiSilicon Technologies Co (海思半導體) — two of its major clients — which
SETTING AN EXAMPLE: The commission suspended the bank’s two top executives as ‘a warning to all banks,’ while the fine is the biggest to be given to a bank in a single case The Financial Supervisory Commission (FSC) yesterday fined E.Sun Commercial Bank (玉山銀行) NT$20 million (US$693,698) over a theft scandal and punished the bank’s two top executives. A customer relationship manager surnamed Pan (潘) at the bank’s branch in Kaohsiung’s Fengshan District (鳳山) stole NT$140 million from 41 clients over the past seven years, the commission said. Pan secretly transferred the stolen money to accounts belonging to her and her family members by using clients’ debit cards, passwords or documents that were stamped using the clients’ personal stamps between July 2013 and June this year, the commission said. The commission suspended Ben Chen (陳炳良), the
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
BREATH OF LIFE: The firm said the under-utilized plant should start mass production in the first quarter, timed to coincide with Intel Corp’s release of its Ice Lake server chip Hon Hai Precision Industry Co (鴻海精密) plans to assemble key components for Google servers at its plant in Wisconsin, people familiar with the matter said, finally breathing life into a factory that US President Donald Trump hailed as crucial to bringing manufacturing back to the US. The company has decided to locate production for this new contract at the existing complex rather than make the components at home or in China, the people said, asking not to be identified. The under-utilized plant should start mass production in the first quarter, timed with the release of Intel Corp’s Ice Lake server chips,