Vanguard to raise annual equipment outlay by 70%
‘CONSTANT INCREASES’: Vanguard International Semiconductor Corp chairman Fang Leuh said that its factory utilization rate is expected to be very high throughout this year
By Lisa Wang / Staff reporter
Vanguard International Semiconductor Corp (世界先進), a supplier of power management chips, yesterday raised its capital expenditure for this year by 70 percent to NT$8.5 billion (US$304.09 million), as it prepared early for next year’s capacity expansion because of longer equipment delivery times.
The Hsinchu-based chipmaker initially planned to spend NT$5 billion on new facilities and equipment this year, up 41 percent from last year’s capital expenditure of NT$3.45 billion.
Adata net profit soars 57.18% to a 14-quarter high
By Lisa Wang / Staff reporter
Adata Technology Co (威剛), a supplier of memory modules and solid-state drives (SSDs), yesterday posted its best quarterly net profit in 14 quarters on the back of rising prices.
During the three-month quarter to March, net profit surged 57.18 percent to NT$707 million (US$25.27 million), from NT$450 million last year. On a quarterly basis, net profit more than doubled from NT$317 million.
Earnings per share rose to NT$2.94, compared with NT$2.12 a year earlier and NT$1.41 in the previous quarter.
Adata Technology Co chairman Simon Chen is pictured in Taipei in an undated photograph. The company yesterday posted its best quarterly net profit in 14 quarters on the back of rising prices. Net profit surged 57.18 percent to NT$707 million (US$25.27 million), from NT$450 million last year, and earnings per share rose to NT$2.94, compared with NT$2.12 a year earlier.
AUO net profit hits 13-year high
SUSTAINABLE GROWTH: The panel maker said it has been running at full capacity since the middle of last year, but is still unable to fully satisfy customers’ demand
By Lisa Wang / Staff reporter
Display panel maker AU Optronics Co (AUO, 友達光電) yesterday said that first-quarter net profit hit a 13-year high of NT$11.83 billion (US$423.26 million), as the COVID-19 pandemic-induced stay-at-home economy stimulated demand for panels for TVs and computers.
AUO expects the growth momentum to carry through the rest of the year and be sustainable in the longer term as work from home, remote schooling and home entertainment become the new norm.
Macronix expects rising revenue for rest of 2021
By Lisa Wang / Staff reporter
Macronix International Co (旺宏), the world’s biggest supplier of NOR flash memory chips, on Tuesday said that revenue would grow every quarter throughout the remainder of this year, as customers prioritize securing capacity amid a persistent chip shortage.
The Hsinchu-based company said that its factories have been running at full capacity, and that it would be selective about chip production.
“All our customers want is to secure capacity. Pricing is not an issue anymore,” Macronix chairman Miin Wu (吳敏求) told investors. “We will produce chips that deliver better profits.”
MediaTek posts record profit, forecasts 40% growth
By Lisa Wang / Staff reporter
MediaTek Inc (聯發科), the world’s biggest supplier of 5G smartphone chips, yesterday posted record net profit for last quarter and forecast 40 percent annual revenue growth this year, benefiting from robust demand for its flagship 5G smartphones chips and other chips.
The Hsinchu-based firm said that growth momentum would this year accelerate, thanks to healthy end-market demand and an increase in new IC design projects.
Last year, revenue grew 30.8 percent to NT$322.15 billion (US$11.53 billion), MediaTek said, adding that it is forecasting an equally high growth rate this year.
The MediaTek Inc logo is pictured outside the company’s headquarters in the Hsinchu Science Park on Aug. 1, 2019. The company yesterday posted record-high net profit for last quarter and forecast 40 percent annual revenue growth this year, benefiting from robust demand for its flagship 5G smartphones chips an