Handset camera lens maker Largan Precision Co (大立光) yesterday reported that revenue last month grew 1.9 percent month-on-month to NT$5.12 billion (US$176.4 million), the highest revenue since March.
On an annual basis, revenue decreased 22.31 percent, which market observers attributed to lower contributions from non-Apple Inc customers.
The company’s 20-megapixel lenses and other high-end models, which command higher prices, last month accounted for 20 to 30 percent of total sales, while its 10-megapixel lenses made up 50 to 60 percent and 8-megapixel lenses 10 to 20 percent, Largan said.
Photo: Chen Mei-ying, Taipei Times
Third-quarter revenue was NT$14.79 billion, an increase of 17 percent quarter-on-quarter, but a 20 percent decline year-on-year.
In the first three quarters of this year, cumulative revenue fell 4 percent to NT$40.65 billion, company data showed.
Separately, Hon Hai Precision Industry Co (鴻海) reported revenue of NT$466.36 billion for last month, up 10.9 percent monthly, but down 20.66 percent annually.
The company said its computer products division was the best-performing unit last month, followed by cloud computing and network products, and component and consumer electronics divisions.
Third-quarter sales rose 14.3 percent sequentially, but fell 6.8 percent annually to NT$1.29 trillion, company data showed.
Revenue in the first nine months totaled NT$3.35 trillion, down 7 percent from a year earlier.
Hon Hai is a major assembler of Apple’s iPhones. The US company typically releases its new iPhones in September, but delayed this year’s new handset launch to Tuesday next week, the tech Web site Apple Insider reported.
Largan shares dropped 1.93 percent to close at NT$3,295, while Hon Hai shares rose 0.39 percent to NT$77.7 in Taipei trading yesterday.
SEMICONDUCTORS: The firm has already completed one fab, which is to begin mass producing 2-nanomater chips next year, while two others are under construction Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, plans to begin construction of its fourth and fifth wafer fabs in Kaohsiung next year, targeting the development of high-end processes. The two facilities — P4 and P5 — are part of TSMC’s production expansion program, which aims to build five fabs in Kaohsiung. TSMC facility division vice president Arthur Chuang (莊子壽) on Thursday said that the five facilities are expected to create 8,000 jobs. To respond to the fast-changing global semiconductor industry and escalating international competition, TSMC said it has to keep growing by expanding its production footprints. The P4 and P5
DOWNFALL: The Singapore-based oil magnate Lim Oon Kuin was accused of hiding US$800 million in losses and leaving 20 banks with substantial liabilities Former tycoon Lim Oon Kuin (林恩強) has been declared bankrupt in Singapore, following the collapse of his oil trading empire. The name of the founder of Hin Leong Trading Pte Ltd (興隆貿易) and his children Lim Huey Ching (林慧清) and Lim Chee Meng (林志朋) were listed as having been issued a bankruptcy order on Dec. 19, the government gazette showed. The younger Lims were directors at the company. Leow Quek Shiong and Seah Roh Lin of BDO Advisory Pte Ltd are the trustees, according to the gazette. At its peak, Hin Leong traded a range of oil products, made lubricants and operated loading
The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico’s luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW. Mexicans are increasingly switching from traditionally dominant sedans to Chinese vehicles due to a combination of comfort, technology and price, industry experts say. It is no small feat in a country home to factories of foreign brands such as Audi and BMW, and where until a few years ago imported Chinese cars were stigmatized, as in other parts of the world. The high-end segment of the market registered a sales drop
Citigroup Inc and Bank of America Corp said they are leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month. In a statement, Citigroup said while it remains committed to achieving net zero emissions, it is exiting the Net-Zero Banking Alliance (NZBA). Bank of America said separately on Tuesday that it is also leaving NZBA, adding that it would continue to work with clients on reducing greenhouse gas emissions. The banks’ departure from NZBA follows Goldman Sachs Group Inc and Wells Fargo & Co. The largest US financial institutions are under increasing pressure
RSS