Amtran Technology Co (瑞軒), which makes TVs for Vizio Inc, last year posted its best net profit in four years, thanks to a spike in nonoperating gains, and strong demand for gaming monitors and Internet-related products amid the COVID-19 pandemic.
Although the company only shipped 4 percent more TVs and monitors last year from 2019, Amtran on Monday said that demand this year is increasing, and to handle that, it plans to have a new production line at its Vietnamese factory operational by the end of this quarter.
With the expanded production capacity, shipments of TVs and monitors this year are predicted to increase by a double-digit percentage, the company said.
Net profit last year surged to NT$553.16 million (US$19.54 million) from NT$4.69 million in 2019, the company said in a Taiwan Stock Exchange filing.
Earnings per share climbed to NT$0.68 from NT$0.01 in 2019, it added.
Amtran’s operating loss widened to NT$556.97 million from an operating loss of NT$108.82 million in 2019.
That marked the company’s sixth consecutive year of operating losses.
Consolidated revenue rose 10.04 percent to NT$16.75 billion from NT$15.22 billion in 2019.
Amtran’s growth mainly came from peripheral computer products, with revenue from computer mouses, Webcams and smart speakers soaring 300 percent year-on-year last year, it said.
The company said that it has seen signs of growth this year, as cumulative revenue in the first two months jumped 36.74 percent to NT$2.64 billion from NT$1.93 billion in 2019.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
Industrial production expanded 22.31 percent annually last month to 107.51, as increases in demand for high-performance computing (HPC) and artificial intelligence (AI) applications drove demand for locally-made chips and components. The manufacturing production index climbed 23.68 percent year-on-year to 108.37, marking the 14th consecutive month of increase, the Ministry of Economic Affairs said. In the first four months of this year, industrial and manufacturing production indices expanded 14.31 percent and 15.22 percent year-on-year, ministry data showed. The growth momentum is to extend into this month, with the manufacturing production index expected to rise between 11 percent and 15.1 percent annually, Department of Statistics
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
RSS