Advantech Co (研華), the world’s biggest industrial PC maker, yesterday said that consolidated revenue last month expanded to NT$4.68 billion (US$167.7 million) from a year earlier, bringing cumulative sales in the first fourth months of this year to NT$17.84 billion, up 13.86 percent year-on-year.
Buoyed by strong demand from Chinese basic infrastructure projects, the company’s industrial Internet of things (IIoT) sector remains the biggest growth driver, the company said.
The IIoT sector accounted for 37 percent of first-quarter revenue, growing 54 percent from a year earlier, the company said in an earnings call with investors.
China’s ambitious goal to build “smart factories,” electric vehicles and green energy infrastructure is driving growth for Advantech’s products.
First-quarter sales to China accounted for 26 percent of total revenue, or US$119 million, representing growth of 76 percent from a year earier. Sales to North America and north Asia also posted double-digit percentage growth in the first quarter.
For last month, all of its business groups reported year-on-year growth, with the exception of the Applied Computing Group, which posted a “single-digit percentage year-on-year decline,” Adata said.
Its book-to-bill ratio — the ratio of orders to shipments — reached 1.63 last month, and 1.66 so far this year.
This indicates “strong growth momentum this year,” the company said, as orders outpace shipments.
As with other electronics manufacturers, Advantech has to contend with the issue of component shortages this year.
“Although the supply chain remains tight, with early action and design flexibility, we will strive to minimize the impact of supply-chain issues,” it said.
The Taiwan Automation Intelligence and Robot Show, which is to be held from Wednesday to Saturday at the Taipei Nangang Exhibition Center, would showcase the latest in artificial intelligence (AI)-driven robotics and automation technologies, the organizer said yesterday. The event would highlight applications in smart manufacturing, as well as information and communications technology, the Taiwan Automation Intelligence and Robotics Association said. More than 1,000 companies are to display innovations in semiconductors, electromechanics, industrial automation and intelligent manufacturing, it said in a news release. Visitors can explore automated guided vehicles, 3D machine vision systems and AI-powered applications at the show, along
AI SERVER DEMAND: ‘Overall industry demand continues to outpace supply and we are expanding capacity to meet it,’ the company’s chief executive officer said Hon Hai Precision Industry Co (鴻海精密) yesterday reported that net profit last quarter rose 27 percent from the same quarter last year on the back of demand for cloud services and high-performance computing products. Net profit surged to NT$44.36 billion (US$1.48 billion) from NT$35.04 billion a year earlier. On a quarterly basis, net profit grew 5 percent from NT$42.1 billion. Earnings per share expanded to NT$3.19 from NT$2.53 a year earlier and NT$3.03 in the first quarter. However, a sharp appreciation of the New Taiwan dollar since early May has weighed on the company’s performance, Hon Hai chief financial officer David Huang (黃德才)
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, booked its first-ever profit from its Arizona subsidiary in the first half of this year, four years after operations began, a company financial statement showed. Wholly owned by TSMC, the Arizona unit contributed NT$4.52 billion (US$150.1 million) in net profit, compared with a loss of NT$4.34 billion a year earlier, the statement showed. The company attributed the turnaround to strong market demand and high factory utilization. The Arizona unit counts Apple Inc, Nvidia Corp and Advanced Micro Devices Inc among its major customers. The firm’s first fab in Arizona began high-volume production
COLLABORATION: Softbank would supply manufacturing gear to the factory, and a joint venture would make AI data center equipment, Young Liu said Hon Hai Precision Industry Co (鴻海精密) would operate a US factory owned by Softbank Group Corp, setting up what is in the running to be the first manufacturing site in the Japanese company’s US$500 billion Stargate venture with OpenAI and Oracle Corp. Softbank is acquiring Hon Hai’s electric-vehicle plant in Ohio, but the Taiwanese company would continue to run the complex after turning it into an artificial intelligence (AI) server production plant, Hon Hai chairman Young Liu (劉揚偉) said yesterday. Softbank would supply manufacturing gear to the factory, and a joint venture between the two companies would make AI data
RSS