MANUFACTURING
Tong Yang profit surges
Tong Yang Industry Co (東陽實業), which manufactures bumpers and automotive sheet metal, yesterday reported that pretax profit surged 1,500 percent last month from a year earlier to NT$363 million (US$11.38 million), the second-highest monthly figure in the company’s history. In the first nine months of this year, pretax profit expanded 279 percent from the same period last year to NT$2.19 billion, or pretax earnings per share of NT$3.8, the highest for the period. This came as the company’s revenue grew 26.5 percent year-on-year to NT$1.9 billion last month, with cumulative revenue in the first nine months totaling NT$15.97 billion, an 18.8 percent increase from the same period last year. The company said it is accelerating production to cope with a rebound in demand and is gearing up to develop new products to grasp new business opportunities.
COMPONENTS
TXC reports record profit
Quartz crystal components maker TXC Corp (台灣晶技) on Wednesday reported its highest September pretax profit in the company’s history thanks to foreign exchange gains and Apple Inc’s launch of new iPhones. Pretax profit rose 46.5 percent month-on-month and 13 percent year-on-year to NT$441 million last month, TXC said in a regulatory filing. TXC supplies frequency-control crystal components, which are used in networking, mobile communications, mobile computing, automotive applications, lighting and home automation. In the third quarter, pretax profit was NT$1.06 billion, up 3.4 percent quarterly, but down 2.1 percent from a year earlier, the company said. Despite weakening demand, TXC reported cumulative pretax profit of NT$2.895 billion in the first nine months, nearly flat from the same period last year, or pertax earnings per share of NT$9.35, it said.
EMPLOYMENT
Furloughed worker data fall
The number of workers on official furlough programs in Taiwan fell by more than 4,000 as travel agencies brought back staff from unpaid leave ahead of an easing of COVID-19 border controls yesterday. Data released by the Ministry of Labor on Tuesday showed that the number of workers on furlough programs had fallen by 4,714 to 13,336 as of Friday last week from 18,050 on Sept. 30. The number of furloughed workers in the support service sector had dropped by 3,154, or about 35 percent, to 5,817 as of Friday last week, the data showed. Amid rising domestic consumption, the number of furloughed workers in the lodging, and food and beverage industry fell to 953 from 1,567, the data showed. The number of furloughed workers in the transportation and warehousing industry fell to 918 from 1,249, while the manufacturing sector saw the number of workers on unpaid leave fall to 3,355 from 3,434, the data showed.
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
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)
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