Major contract electronics makers are planning to expand production capacity in Taiwan and overseas this year to meet rising demand from clients, with Pegatron Corp (和碩) planning to increase its capital expenditure by nearly 30 percent from last year.
The iPhone assembler has allocated US$500 million for capital expenditure this year, up 29.87 percent from last year’s US$385 million, Pegatron said at an earnings conference on March 10.
Market demand for products from Pegatron’s three main business segments computing, consumer electronics and communication devices would remain strong this year, Pegatron chief executive officer Liao Syh-jang (廖賜政) said.
The company would
Hon Hai Precision Industry Co (鴻海精密) on Saturday reported a month-on-month revenue increase of 2.08 percent to NT$455.03 billion (US$16.18 billion) last month, beating its own forecast and setting a company record for February.
The world’s biggest contract electronics maker attributed the revenue growth to robust demand from cloud service providers, and the advantage of its global distribution of production bases and sales networks.
On an annual basis, revenue increased 13.22 percent last month, with all of its four major business groups smart consumer electronics, cloud and networking technology, computing products, and components and other products posting double-digit percentage growth,
Key iPhone assembler Hon Hai Precision Industry Co (鴻海精密) yesterday said that it has signed a memorandum of understanding with Indian billionaire Anil Agarwal’s Vedanta Ltd to establish a joint venture that aims to manufacture semiconductors in the South Asian nation.
The investment would be considered a win for Indian Prime Minister Narendra Modi’s government, which aims to create an ecosystem for semiconductor manufacturing in India.
The planned joint venture could provide a significant boost to domestic manufacturing of electronics in India, Hon Hai said in a statement.
Discussions with a few Indian state governments are ongoing in an attempt to determine
GlobalWafers Co (環球晶圓) yesterday unveiled a new capacity expansion plan worth NT$100 billion (US$3.59 billion) as part of its effort to boost capacity and satisfy strong customer demand after its takeover of Germany’s Siltronic AG failed last week.
The world’s third-largest silicon wafer supplier expects the expansion plan to support its revenue growth over the next few years.
This year, revenue could grow by a double-digit percentage on an annual basis as raw wafer demand remains “quite good,” even with some special wafers in short supply, GlobalWafers said.
“While the failed completion of our offer for Siltronic is disappointing, we have pursued
GlobalWafers Co (環球晶圓) yesterday expressed frustration that its planned takeover of Siltronic AG failed to win regulatory approval from the German government, saying it would reassess its future investment strategy.
The US$5 billion deal was derailed by the German government, which did not reach a decision on its review of the transaction after more than a year. The German Ministry for Economic Affairs and Energy blamed a late approval from China for not making a decision in time.
“Until the end of this deadline, not all necessary steps of the investment review could be concluded,” the ministry said in an e-mailed statement.