Yageo Corp (國巨), a maker of passive components, yesterday reported consolidated revenue of NT$10.53 billion (US$356.78 million) for last month, up 3.8 percent month-on-month and 14.4 percent year-on-year, amid stable demand from major customers and an easing of COVID-19 lockdowns in China’s Kunshan and Shanghai, the company said in a statement.
Yageo’s products include multilayer ceramic capacitors (MLCCs), tantalum capacitors and chip resistors.
It is the world’s third-largest supplier of MLCCs.
Photo: Chang Hui-wen, Taipei Times
Last month’s sales were the highest for May in the company’s history, Yageo data showed.
The company said it remained cautiously optimistic about its sales outlook after Kunshan and Shanghai eased their lockdowns, which had allowed its customers to resume operations and restart shipments.
“Overall, the production and operations of the company’s plants in China remain normal,” Yageo said.
In the first five months of this year, cumulative revenue reached NT$50.8 billion, an annual increase of 21.1 percent, it said.
Separately, Airtac International Group (亞德客), a supplier of pneumatic components, reported consolidated revenue of NT$2.65 billion for last month, up 17 percent from a month earlier, and 18.6 percent from a year earlier as most cities in China gradually relaxed pandemic regulations.
Airtac’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, automotive, energy, lighting equipment and electronics industries posted higher growth rates last month, the company said in a regulatory filing.
“As we predicted, the adverse impact of the disease controls on shipments is a short-term phenomenon, and demand has merely been deferred to the coming weeks,” Airtac said. “Current orders are still higher than shipments ... so the company is maintaining its 110 percent utilization rate to increase inventory to meet demand.”
Combined revenue from January to last month grew 7.8 percent year-on-year to NT$11.42 billion, it said.
Meanwhile, BizLink Holding Inc (貿聯控股) on Monday reported that consolidated revenue surged 90.34 percent year-on-year last month to US$157.82 million, the highest monthly sales in the company’s history as customers started to stock up after supply chains gradually returned to pre-lockdown levels.
“Our Kunshan facility [last month] fully resumed normal operations, ramped up production and restarted shipments to customers to catch up on the volume impact from the April lockdown,” Silicon Valley-headquartered BizLink, the sole supplier of wiring harnesses for battery management systems in Tesla Inc’s electric vehicles, said in a statement.
The company’s product portfolio includes components for information technology, consumer electronics and electrical appliances, as well as industrial, automotive, medical, solar and telecom equipment.
Shipments of components used in industrial equipment rose last month due to inventory buildup at its customers, while those for automotive devices and information technology applications showed a steady recovery in shipments, BizLink said.
However, shipments of products used in electrical appliances slowed due to component shortages and longer lead times, while its new German business unit INBG reported weak shipments of telecommunication products for the same reason, BizLink said.
It completed the acquisition of industrial solutions unit INBG from Leoni AG in January, which accounted for 39 percent of its total sales last month, it said.
Combined sales in the first five months increased 89.41 percent year-on-year to US$721.98 million, BizLink said.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
RSS