Delta Electronics Inc’s (台達電) electric vehicle (EV) products are “growing by 40 to 50 percent year-on-year,” chairman Yancey Hai (海英俊) said yesterday at the company’s annual shareholders’ meeting, where he said he was bullish on EV and energy storage markets.
Even though Delta’s EV business is small compared with overall sales, Hai said he expects rapid growth for EV products.
“Delta is working with major automakers in long-term collaborations,” Hai said. “We can expect future growth, especially if EV prices come down.”
Photo: Ann Wang, Reuters
He also expects Delta’s energy storage business to grow, as Taiwan mandates that heavy industrial users of electricity switch to renewable energy, Hai said.
“As solar and wind power become more important, we are going to need more facilities for energy storage, and providing such storage is also a way for heavy users to meet their renewable energy obligations,” he said.
Delta is already working with state-run Taiwan Power Co (台電) on a storage project on Kinmen.
“We hope that there will be many more,” Hai added.
Because of a nationwide level 3 COVID-19 alert, only three shareholders attended the meeting in person, with the rest watching online.
In response to a shareholder’s question about a components shortage, Hai said that the issue was gradually easing.
“Most of the components shortage involves integrated circuits. After a long period of shortage, the situation seems to be getting a little better,” he said.
Hai also said that Delta was preparing to participate in carbon pricing.
“We have priced carbon at US$300 per tonne internally,” Hai said. “For the time being we will use the money to improve and invest in green power so that we can reach our goal of carbon neutrality as quickly as possible.”
Shareholders yesterday approved the company’s plan to distribute a cash dividend of NT$5.50 per share based on last year’s earnings per share of NT$9.81, which suggested a payout ratio of 56.07 percent.
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
Enhanced tax credits that have helped reduce the cost of health insurance for the vast majority of US Affordable Care Act enrollees expired on Jan.1, cementing higher health costs for millions of Americans at the start of the new year. Democrats forced a 43-day US government shutdown over the issue. Moderate Republicans called for a solution to save their political aspirations this year. US President Donald Trump floated a way out, only to back off after conservative backlash. In the end, no one’s efforts were enough to save the subsidies before their expiration date. A US House of Representatives vote
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
RSS