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.
UNWANTED ATTENTION: In the past two months, the automaker has made headlines, with a Chinese military ban of its vehicles and a protest at an expo Electric vehicle maker Tesla Inc, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with regulators and beefing up its government relations team, industry sources said. Tesla’s change of strategy leading to more behind-the-scenes interaction with policymakers in Beijing compared with relatively little previously shows the seriousness with which the US automaker views the setbacks in its second-biggest market. TALKING SHOP It also comes at a time when China is trying to regulate large and powerful private companies, especially in the technology sector, on concerns about their market dominance. As they do elsewhere, regulators in China, the world’s biggest
Dell Technologies Inc has agreed to sell its Boomi cloud business to private equity firms Francisco Partners and TPG in a cash deal valued at US$4 billion, as part of efforts by chief executive officer Michael Dell to trim down the PC maker. The deal is expected to close by the end of this year, the companies said in a statement on Sunday without providing additional details of the terms. Dow Jones had earlier reported that the companies were near a deal. Boomi specializes in integrating different cloud platforms for companies and has more than 15,000 customers. Dell agreed to acquire the company for
Intel Corp wants 8 billion euros (US$9.7 billion) in public subsidies toward building a semiconductor factory in Europe, chief executive officer Pat Gelsinger was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time that Gelsinger has publicly put a figure on how much state aid he would want, as Intel campaigns to take on Asian rivals in contract manufacturing. “What we’re asking from both the US and the European governments is to make it competitive for us to do it here, compared to in Asia,”
GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that it is considering further capacity expansion as customers are requesting more capacity due to rising end-market demand and persistent supply constraints. The Hsinchu-based company said that emerging technologies and applications from 5G, artificial intelligence and electric vehicles are driving semiconductor demand. The semiconductor industry has a positive outlook for this year and beyond, with shipments of all diameters of wafers to increase through 2023, GlobalWafers said. “We have received requests for expansion from many strategic partners. We are now in discussions with customers,” company chairwoman Doris Hsu (徐秀蘭) told a
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