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.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS