Pneumatic components supplier Airtac International Group (亞德客) yesterday reported consolidated revenue of NT$2.16 billion (US$77.51 million) for last month, down 3.65 percent from a month earlier due to seasonal factors.
Last month’s revenue was up 20.58 percent year-on-year, driven by demand from the energy and lighting, machine tool, automotive, and battery sectors, the company said in a regulatory filing.
“Pneumatic industrial demand is still in an upcycle,” Airtac said. “Although there is a seasonal impact, the company’s market share maintains a steady growth.”
Airtac’s products are used in the production of electronic equipment, general machinery, packaging, automotive devices, batteries, construction equipment and machine tools.
Its largest market is China, where it has manufacturing facilities in Foshan and Ningbo. It also has a plant in Tainan’s Tree Valley Park (樹谷園區).
While concerns over power rationing in China have in the past few days affected sentiment toward Taiwanese companies with operations there, Airtac said its production output remains intact.
“The company is a priority electricity supply enterprise in China,” it said.
“However, shipments in September were still affected by COVID-19-related logistics-control measures in some cities in China,” it added.
As a result, the company’s revenue for the third quarter was NT$6.66 billion, a 5.4 percent decrease from the previous quarter.
Last quarter’s figure increased 28 percent from the same period last year, driven mainly by demand in the 5G, new infrastructure and industrial automation sectors.
From January to last month, cumulative revenue reached NT$19.63 billion, up 43.16 percent year-on-year, thanks to sustained customer demand, and capacity ramp-up for pneumatic components and linear guide equipment, company data showed.
Airtac shares yesterday fell 0.89 percent to NT$783 in Taipei trading. They have fallen 13 percent since the beginning of the year.
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
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
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