Pegatron Corp (和碩), one of Apple Inc’s major assemblers, yesterday reported net profit of NT$3.13 billion (US$98.55 million) for last quarter, up 0.4 percent from NT$3.12 billion a year earlier, as revenue declines for computers and consumer electronics were offset by robust sales of communications products.
On a quarterly basis, net profit rose 1.1 percent from NT$3.01 billion.
Earnings per share were unchanged at NT$1.17 on an annual basis, but increased from NT$1.13 a quarter earlier, the company said.
Photo: Reuters
Operating profit plunged 54.2 percent to NT$3.07 billion from NT$6.71 billion a year earlier, but increased 8.9 percent from NT$2.82 billion in the previous quarter.
Revenue generated by communications products including iPhones rose 22 percent year-on-year, making up 60 percent of Pegatron’s total revenue of NT$281 billion during the second quarter, the company said.
Consumer electronics revenue shrank 30 percent year-on-year, accounting for 17 percent, while revenue from computing products, including notebook computers Pegatron makes for Asustek Computer Inc (華碩), dropped 25 percent and accounted for 11 percent of total revenue, it said.
In the first half of the year, net profit rose 28.3 percent to NT$6.14 billion, from NT$4.78 billion the previous year, primarily due to nonoperating income of NT$3.43 billion, Pegatron said.
Earnings per share rose to NT$2.39 from NT$1.79.
Pegatron expects overall shipments of its major product lines to be flat or to grow mildly this quarter on a sequential basis, attributable to seasonal factors and the launch of the iPhone 15 series.
Pegatron yesterday also reported revenue last month declined 13.32 percent to NT$93.59 billion compared with NT$107.97 billion a year earlier.
On a monthly basis, revenue expanded 13.21 percent from NT$82.67 billion.
During the first seven months, revenue contracted 3.11 percent year-on-year to NT$692.43 billion from NT$714.67 billion a year earlier.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS