Pneumatic components supplier Airtac International Group (亞德客) on Friday reported consolidated revenue of NT$2.26 billion (US$76.2 million) for last month, down 20.2 percent from a month earlier due to fewer working days and China’s COVID-19 pandemic restrictions.
Last month’s revenue was down 6.67 percent year-on-year, as strict pandemic measures prevented the company from delivering products to clients in a timely or efficient manner, Airtac said in a regulatory filing.
“However, the company believes that such adverse effects are short-term phenomena, and demand is only deferred to the coming weeks or months,” Airtac said in the filing.
The company said current orders are much higher than its shipments, while the effects of China’s rigid COVID-19 restrictions remain uncertain.
“The company still has a positive expectation for market demand, so it maintains a 110 percent utilization rate to increase inventory to meet the demand,” Airtac said.
The company’s products are used in the production of electronic equipment, general machinery, packaging, automotive devices, batteries, construction equipment and machine tools.
Shipments for the battery, automobile and textile machinery industries posted a higher growth rate last month, it said.
From January to last month, cumulative revenue reached NT$8.77 billion, up 4.94 percent year-on-year thanks to sustained customer demand, and capacity increases for pneumatic components and linear guide equipment, Airtac data showed.
Separately, linear-motion component supplier Hiwin Technologies Co (上銀科技) reported that revenue last month edged up 1.13 percent monthly to NT$2.74 billion, the highest since October, 2018.
The company continued to benefit from pull-in orders from customers in the semiconductor, automation, new energy, machine tool and electric vehicle industries.
Revenue last month increased 22.65 percent on an annual basis, an indication that China’s rolling lockdowns in some cities have not affected the firm’s major manufacturing site in Suzhou, Jiangsu Province, although local distributors in Shanghai and Kunshan face logistics problems due to strict pandemic measures.
Hiwin’s cumulative revenue in the first four months of the year grew 25.3 percent annually to NT$10.31 billion, the company said in its regulatory filing on Friday.
Hiwin, which also produces ball screws and linear guideways, said it has clear order visibility to the third quarter of the year.
Analysts forecast that Hiwin’s revenue and earnings would continue to grow this year, given a persistent recovery in automation demand in Europe and the US, as well as price increases in response to a rise in the costs of raw materials.
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
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.
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,
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
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