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.
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
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
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
RSS