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.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan