Passive components maker Ta-i Technology Co Ltd (大毅) yesterday said that it plans to invest US$12 million to set up a new unit in Vietnam to provide services to customers with operations there.
The investment is another indicator that the company has an upbeat outlook for next year.
Ta-i last month told investors that it was optimistic about customer demand next year, given the good progress in vaccine development, which should keep the spread of COVID-19 infections under control.
The new Vietnamese unit would give a competitive edge to the company in the longer term, Ta-i said in a statement submitted to the Taiwan Stock Exchange.
The company made the announcement after the board of directors approved the investment.
It plans to use its own capital to fund the establishment of the unit, as the firm’s financial performance has been strong in the first three quarters of this year, unaffected by the pandemic, Ta-i said.
Net profit surged 93 percent to NT$609.05 million (US$21.33 million) in the first three quarters, compared with NT$315.22 million in the corresponding period last year, a company financial statement said.
That translated into earnings per share of NT$4.33 during the nine-month period, up from NT$1.77 a year earlier.
Revenue grew 19 percent year-on-year to NT$4 billion in the first three quarters, up from NT$3.35 billion in the same period last year, the statement showed.
Chip resistors contributed 66 percent of the firm’s revenue in the first three quarters, it said.
By segment, consumer electronics was the biggest revenue contributor, with a 43 percent share in the first three quarters, Ta-i said.
The company counts Panasonic Corp, Sony Corp, Samsung Electronics Co and Nintendo Co as its clients in the consumer electronics segment, it said.
The greater China area contributed a lion’s share of 74 percent to Ta-i’s revenue, while Asia was second with an 18 percent share, company data showed.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
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
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs. The company reported a better-than-projected 158 percent jump in March-quarter operating income, propelled in part by stockpiling ahead of US President Donald Trump’s tariffs. SK Hynix stuck with a forecast for a doubling in demand for the high-bandwidth memory (HBM) essential to Nvidia Corp’s AI accelerators, which in turn drive giant data centers built by the likes of Microsoft Corp and Amazon.com Inc. That SK Hynix is maintaining its
RSS