Global PMX Co Ltd (智伸科), a provider of dual-clutch transmissions and direct-injection parts for gasoline motors, said that it is cautiously optimistic about its business outlook for next year due to a recovery in the global auto market and the electrification trend.
Sales contributions from the automotive segment account for 60 to 70 percent of the company’s total revenue, the company said in a statement on Friday.
Global PMX said that it is positive about its sales performance next year, given global auto brands’ continuous pursuit for better performing engines, the market’s growing awareness of carbon reduction and saving energy, and the increasing penetration of advanced driver-assistance systems in new vehicles.
Photo: Lin Jing-hua, Taipei Times
Global PMX’s product lineup includes anti-lock braking, electronic stability control, gasoline direct-injection and dual-clutch transmission systems, as well as high-pressure pumps. It also produces components for surgical equipment, and parts used in electronics and sports devices.
For this quarter, the company said that it expects the high-season effect to drive its shipment growth in key auto components, resulting in higher factory utilization at its plants in Taiwan and China.
In particular, as the auto industry increasingly moves toward electrification, reducing carbon emissions and saving energy, its major clients have continued to raise their demand for key components for hybrid vehicles, which would benefit its transmission system business, Global PMX said.
The company’s statement was released after it on Friday reported that its revenue grew annually for the fifth consecutive month last month, rising 7.44 percent to NT$727.79 million (US$25.52 million).
On a monthly basis, revenue increased 8.53 percent, which the company attributed to healthy orders in China after the country’s Golden Week holiday in October.
In the first 11 months of the year, cumulative revenue totaled NT$6.51 billion, down 6.69 percent from the same period last year, as the COVID-19 pandemic disrupted factory production and market demand early this year, the company said.
Global PMX reported net profit of NT$391.65 million in the first three quarters, compared with NT$462.52 million a year earlier.
Earnings per share were NT$4.62 in the nine-month period, down from NT$6.55 the previous year, company data showed.
COMPETITION: AMD, Intel and Qualcomm are unveiling new laptop and desktop parts in Las Vegas, arguing their technologies provide the best performance for AI workloads Advanced Micro Devices Inc (AMD), the second-biggest maker of computer processors, said its chips are to be used by Dell Technologies Inc for the first time in PCs sold to businesses. The chipmaker unveiled new processors it says would make AMD-based PCs the best at running artificial intelligence (AI) software. Dell has decided to use the chips in some of its computers aimed at business customers, AMD executives said at CES in Las Vegas on Monday. Dell’s embrace of AMD for corporate PCs — it already uses the chipmaker for consumer devices — is another blow for Intel Corp as the company
STIMULUS PLANS: An official said that China would increase funding from special treasury bonds and expand another program focused on key strategic sectors China is to sharply increase funding from ultra-long treasury bonds this year to spur business investment and consumer-boosting initiatives, a state planner official told a news conference yesterday, as Beijing cranks up fiscal stimulus to revitalize its faltering economy. Special treasury bonds would be used to fund large-scale equipment upgrades and consumer goods trade-ins, said Yuan Da (袁達), deputy secretary-general of the Chinese National Development and Reform Commission. “The size of ultra-long special government bond funds will be sharply increased this year to intensify and expand the implementation of the two new initiatives,” Yuan said. Under the program launched last year, consumers can
TECH PULL: Electronics heavyweights also attracted strong buying ahead of the CES, analysts said. Meanwhile, Asian markets were mixed amid Trump’s incoming presidency Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares yesterday closed at a new high in the wake of a rally among tech stocks on Wall Street on Friday, moving the TAIEX sharply higher by more than 600 points. TSMC, the most heavily weighted stock in the TAIEX, rose 4.65 percent to close at a new high of NT$1,125, boosting its market value to NT$29.17 trillion (US$888 billion) and contributing about 400 points to the TAIEX’s rise. The TAIEX ended up 639.41 points, or 2.79 percent, at 23,547.71. Turnover totaled NT$406.478 billion, Taiwan Stock Exchange data showed. The surge in TSMC follows a positive performance
MediaTek Inc (聯發科) yesterday said it is teaming up with Nvidia Corp to develop a new chip for artificial intelligence (AI) supercomputers that uses architecture licensed from Arm Holdings PLC. The new product is targeting AI researchers, data scientists and students rather than the mass PC market, the company said. The announcement comes as MediaTek makes efforts to add AI capabilities to its Dimensity chips for smartphones and tablets, Genio family for the Internet of Things devices, Pentonic series of smart TVs, Kompanio line of Arm-based Chromebooks, along with the Dimensity auto platform for vehicles. MeidaTek, the world’s largest chip designer for smartphones
RSS