Advantech Co (研華) expects stable revenue growth in the second half of this year, after the industrial computer maker yesterday posted a 23.36 percent annual increase in first-half revenue.
Revenue in the first six months of the year totaled NT$35.18 billion (US$1.21 billion), up from NT$28.52 billion a year earlier, company data showed
Despite the challenges in the second quarter, such as high US tariffs, geopolitical tensions and exchange rate fluctuations, the company’s performance was in line with expectations, Advantech chief financial officer Eric Chen (陳清熙) said in a statement.
Photo: CNA
The book-to-bill ratio in the company’s three main markets — North America, Europe and China — remained above one, indicating stable performance, with North America showing the strongest growth momentum on the back of rising market demand and corporate purchases, Chen said.
Amid potential supply chain tensions, the company has taken measures in advance by boosting short-term buffer stock and strengthening its long-term design business, he said.
The company is also in talks with its module manufacturing partners to establish a more stable and flexible contract system, aiming to enhance operational resilience and mitigate external market risks, he added.
Advantech’s operations mainly comprise four major segments: Internet of Things (IoT) automation, intelligent systems, embedded systems and intelligent services.
Last month’s revenue rose 18.39 percent year-on-year to NT$5.84 billion, driven by strong performances in the intelligent services, intelligent systems and IoT automation segments, the company said.
However, the sharp appreciation of the New Taiwan dollar since early May has affected the company’s operations, as 50 percent of its revenue is booked in US dollars, it said.
Separately, Advantech is collaborating with Qualcomm Inc to develop its IoT brand Dragonwing by providing embedded modules, smart panels, edge artificial intelligence (AI) systems, AI cameras and robot controllers to the chipmaker.
The collaboration has been progressing smoothly, the company said.
Taiwan’s rapidly aging population is fueling a sharp increase in homes occupied solely by elderly people, a trend that is reshaping the nation’s housing market and social fabric, real-estate brokers said yesterday. About 850,000 residences were occupied by elderly people in the first quarter, including 655,000 that housed only one resident, the Ministry of the Interior said. The figures have nearly doubled from a decade earlier, Great Home Realty Co (大家房屋) said, as people aged 65 and older now make up 20.8 percent of the population. “The so-called silver tsunami represents more than just a demographic shift — it could fundamentally redefine the
The US government on Wednesday sanctioned more than two dozen companies in China, Turkey and the United Arab Emirates, including offshoots of a US chip firm, accusing the businesses of providing illicit support to Iran’s military or proxies. The US Department of Commerce included two subsidiaries of US-based chip distributor Arrow Electronics Inc (艾睿電子) on its so-called entity list published on the federal register for facilitating purchases by Iran’s proxies of US tech. Arrow spokesman John Hourigan said that the subsidiaries have been operating in full compliance with US export control regulations and his company is discussing with the US Bureau of
Businesses across the global semiconductor supply chain are bracing themselves for disruptions from an escalating trade war, after China imposed curbs on rare earth mineral exports and the US responded with additional tariffs and restrictions on software sales to the Asian nation. China’s restrictions, the most targeted move yet to limit supplies of rare earth materials, represent the first major attempt by Beijing to exercise long-arm jurisdiction over foreign companies to target the semiconductor industry, threatening to stall the chips powering the artificial intelligence (AI) boom. They prompted US President Donald Trump on Friday to announce that he would impose an additional
Pegatron Corp (和碩), a key assembler of Apple Inc’s iPhones, on Thursday reported a 12.3 percent year-on-year decline in revenue for last quarter to NT$257.86 billion (US$8.44 billion), but it expects revenue to improve in the second half on traditional holiday demand. The fourth quarter is usually the peak season for its communications products, a company official said on condition of anonymity. As Apple released its new iPhone 17 series early last month, sales in the communications segment rose sequentially last month, the official said. Shipments to Apple have been stable and in line with earlier expectations, they said. Pegatron shipped 2.4 million notebook
RSS