Hon Hai Precision Industry Co (鴻海精密) yesterday reported better-than-expected revenue for last month, with consolidated sales rising 46.41 percent from a month earlier and 25.6 percent from a year earlier to NT$585.73 billion (US$20.99 billion), the second-highest figure ever reported for the month of September.
Hon Hai, also known as Foxconn Technology Group (富士康科技集團) on the global market, said that compared with a year earlier, its consumer smart device division had the best performance last month, ahead of electronics components, computers and cloud- based networking.
The company's consumer smart device division recorded the strongest performance relative to the previous month, followed by the electronics components division, computer division, and cloud-based networking division, it said.
With the strong showing for last month's revenue, the iPhone assembler’s third-quarter revenue rose to NT$1.40 trillion, up 3.44 percent quarter-on-quarter and 8.8 percent from a year earlier.
Last quarter’s revenue was a record for the third quarter and beat analysts’ predictions, the world’s largest contract electronics maker said.
For the first nine months of the year, cumulative revenue totaled NT$4.10 trillion, up 22.58 percent from last year’s NT$3.35 trillion and a record for the period, company data showed.
Analysts said Apple Inc's iPhone 13 series is expected to continue to push up Hon Hai's shipments in the fourth quarter, with demand forecasts for the iPhone 13 Pro and iPhone 13 Pro Max appearing solid.
Hon Hai is believed to serve as the sole assembler of the two larger iPhone 13 models. It is also thought to be responsible for 65-70 percent of assembly orders for the entire iPhone 13 series.
As a major cloud service provider, Hon Hai is also expected to benefit from the growing demand in the high-margin market for servers and related components throughout the October-December period, analysts said.
Handset camera lens maker Largan Precision Co (大立光), also one of Apple Inc’s suppliers, posted sales of NT$4.17 billion for last month, up 4 percent from a month earlier, but down 19 percent from a year earlier.
Last month's figure was the highest level in eight months, with analysts attributing the result to an increase in orders from the American consumer electronics giant.
Revenue for last quarter was NT$11.98 billion, up 18 percent quarter-on-quarter, but down 19 percent year-on-year, it said.
Combined revenue for the first three quarters was NT$33.91 billion, down 17 percent from a year earlier, Largan said.
The company said it expects sales for this month to remain little changed from last month.
Meanwhile, electronics maker Qisda Corp (佳世達) reported record sales last month, with revenue of NT$20.7 billion, up 16.5 percent from a month earlier and 5 percent from a year earlier, due to robust demand for LCD monitors and projectors.
Total revenue for the first nine months was NT$164.1 billion, up 21.9 percent year-on-year, it said.
Electronic components maker Lite-On Technology Corp’s (光寶科技) revenue rose 8 percent month-on-month to NT$14.61 billion last month, but was flat from a year earlier.
Cumulative sales from January to last month totaled NT$120.26 billion, up 10 percent year-on-year, it said.
Additional reporting by CNA
SPEED OF LIGHT: US lawmakers urged the commerce department to examine the national security threats from China’s development of silicon photonics technology US President Joe Biden’s administration on Monday said it is finalizing rules that would limit US investments in artificial intelligence (AI) and other technology sectors in China that could threaten US national security. The rules, which were proposed in June by the US Department of the Treasury, were directed by an executive order signed by Biden in August last year covering three key sectors: semiconductors and microelectronics, quantum information technologies and certain AI systems. The rules are to take effect on Jan. 2 next year and would be overseen by the Treasury’s newly created Office of Global Transactions. The Treasury said the “narrow
SPECULATION: The central bank cut the loan-to-value ratio for mortgages on second homes by 10 percent and denied grace periods to prevent a real-estate bubble The central bank’s board members in September agreed to tighten lending terms to induce a soft landing in the housing market, although some raised doubts that they would achieve the intended effect, the meeting’s minutes released yesterday showed. The central bank on Sept. 18 introduced harsher loan restrictions for mortgages across Taiwan in the hope of curbing housing speculation and hoarding that could create a bubble and threaten the financial system’s stability. Toward the aim, it cut the loan-to-value ratio by 10 percent for second and subsequent home mortgages and denied grace periods for first mortgages if applicants already owned other residential
EXPORT CONTROLS: US lawmakers have grown more concerned that the US Department of Commerce might not be aggressively enforcing its chip restrictions The US on Friday said it imposed a US$500,000 penalty on New York-based GlobalFoundries Inc, the world’s third-largest contract chipmaker, for shipping chips without authorization to an affiliate of blacklisted Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC, 中芯). The US Department of Commerce in a statement said GlobalFoundries sent 74 shipments worth US$17.1 million to SJ Semiconductor Corp (盛合晶微半導體), an affiliate of SMIC, without seeking a license. Both SMIC and SJ Semiconductor were added to the department’s trade restriction Entity List in 2020 over SMIC’s alleged ties to the Chinese military-industrial complex. SMIC has denied wrongdoing. Exports to firms on the list
ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip assembly and testing manufacturing (ATM) service provider, expects to double its leading-edge advanced technology services revenue next year to more than US$1 billion, benefiting from strong demand for artificial intelligence (AI) chips, a company executive said on Thursday. That would be the second year that ASE has doubled its advanced chip packaging and testing technology revenue, following an estimate of more than US$500 million for this year. ASE is one of the major beneficiaries from the AI boom as Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is outsourcing production of advanced chip
RSS