Cloud computing equipment supplier Wiwynn Corp (緯穎科技) yesterday said that its net profit in the first quarter surged 108.05 percent year-on-year to NT$9.79 billion (US$323.1 million), a record high.
Earnings per share were NT$52.7, nearly doubling from NT$26.92 a year earlier, Wiwynn said.
The results came as the company’s revenue in the first quarter increased 145.1 percent year-on-year to NT$170.66 billion, its highest ever, while gross margin fell 2.4 percentage points to 8.7 percent and operating margin declined 1.4 percentage points to 7 percent from a year earlier.
Photo courtesy of Wiwynn Corp
First-quarter revenue was better than expected, as demand for general and artificial intelligence (AI) servers continued to grow, Wiwynn said.
Wiwynn said it remains positive about long-term data center demand and that it would continue investing in the AI, computing and heat dissipation sectors to develop new technologies and products.
The company is to showcase its products and latest innovations at the Computex expo from May 20 to 23, it said.
Wiwynn also announced the appointment of company president William Lin (林威遠) as CEO, as the company continues in its efforts to adjust its global supply chains, strengthen regional production resilience and adopt smart manufacturing, Wiwynn said.
Amid US tariff uncertainty, Wiwynn chairwoman Emily Hong (洪麗甯) on Tuesday said the company’s board of directors approved a plan set up a new plant near the US-Mexico border in Texas.
While the company’s Mexican plant has served its US clients for more than a decade, uncertainty over trade and exchange rates has made expanding US capacity necessary, Hong said, adding that high labor costs there have made further automation inevitable.
With an approval rating of just two percent, Peruvian President Dina Boluarte might be the world’s most unpopular leader, according to pollsters. Protests greeted her rise to power 29 months ago, and have marked her entire term — joined by assorted scandals, investigations, controversies and a surge in gang violence. The 63-year-old is the target of a dozen probes, including for her alleged failure to declare gifts of luxury jewels and watches, a scandal inevitably dubbed “Rolexgate.” She is also under the microscope for a two-week undeclared absence for nose surgery — which she insists was medical, not cosmetic — and is
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
Nintendo Co hopes to match the runaway success of the Switch when its leveled-up new console hits shelves on Thursday, with strong early sales expected despite the gadget’s high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017 — making it the third-best-selling video game console of all time. However, despite buzz among fans and robust demand for pre-orders, headwinds for Nintendo include uncertainty over US trade tariffs and whether enough people are willing to shell out. The Switch 2 “is priced relatively high”