ELECTRONICS
Sinbon posts record revenue
Sinbon Electronics Co (信邦電子), which produces cables, connectors and modems, yesterday reported record revenue of NT$2.16 billion (US$77.28 million) for last month due to increasing shipments of products used in medical and personal care devices, industrial control devices, communications and electronics peripheral components, as well as components for the automotive and green energy segments. The figure increased 0.91 percent from March and 24.49 percent from last year, the company said. Sinbon’s accumulated revenue for the first four months of the year totaled NT$8.143 billion, an increase of 30.38 percent from last year.
APPAREL
TOPBI shares rise 10%
China-focused apparel company TOPBI International Holdings Ltd (淘帝國際控股) yesterday saw its shares rise by the daily maximum 10 percent to NT$8.64 after the firm resumed trading of its shares on the local bourse. Trading of shares in the leading children’s clothing brand had been suspended since April 7 because TOPBI failed to present audited financial statements for last year. Last week, the firm gave the Taiwan Stock Exchange the financial statements, which showed that it made a net loss of NT$2.21 billion last year on revenue of NT$2.81 billion. The firm also reported revenue of NT$817 million for the first quarter of this year, down 5.54 percent from a year earlier.
CHIPMAKERS
Nanya revenue rises 15.4%
DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said that revenue last month rose 15.4 percent month-on-month to NT$7.39 billion, the highest in 31 months, as demand remained robust and prices continued to rise. On an annual basis, revenue grew 31.58 percent, the company said. In the first four months of this year, cumulative revenue totaled NT$25.13 billion, up 25.38 percent from the same period last year. The firm said that it has a positive outlook for this quarter, citing a global economic rebound, expanding application scope for memory products, and clear PC and laptop order visibility.
TECHNOLOGY
Senao’s gross margin dips
Senao Networks Inc (神準), which develops integrated connectivity, data networking and wireless voice communication products, yesterday reported that its gross margin in the first quarter dropped 2.5 basis points to 20.58 percent from a year earlier, due to rising raw material costs and unfavorable foreign-exchange rates. However, thanks to better expense controls, net income last quarter increased 6.4 percent year-on-year to NT$89.93 million. Earnings per share were NT$1.83, up from NT$1.72 a year earlier. Sales rose 12 percent year-on-year to NT$1.98 billion, the company said. Senao’s board of directors also approved a plan to distribute a cash dividend of NT$4 per share based on last year’s earnings per share of NT$7.67, representing a payout ratio of 52.15 percent.
RESTAURANTS
Hi-Lai’s EPS hit NT$2.05
Restaurant operator Hi-Lai Foods Co Ltd (漢來美食) yesterday reported that its earnings per share (EPS) rose to NT$2.05 in the first quarter of the year, up from NT$0.64 in the same period last year. First-quarter revenue grew to NT$1.03 billion, from NT$839 million last year, as it benefited from a stabilized COVID-19 situation, the company said. This year’s focus would be operational adjustments and product development, Hi-Lai said, adding that it would remain conservative about adding new stores.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet pod supplier to Taiwan Semiconductor Manufacturing Co (台積電), yesterday said it has trimmed its revenue growth target for this year as US tariffs are likely to depress customer demand and weigh on the whole supply chain. Gudeng’s remarks came after the US on Monday notified 14 countries, including Japan and South Korea, of new tariff rates that are set to take effect on Aug. 1. Taiwan is still negotiating for a rate lower than the 32 percent “reciprocal” tariffs announced by the US in April, which it later postponed to today. The
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
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