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Luminar's lidar tech is expected to light up one million automated cars in China by 2028. Florida-based lidar maker Luminar has announced that it is making a push into China to provide autonomous and automated driving vehicles for the world's largest auto market, as reported first by TechCrunch. ....
Touch module supplier TPK Holding Co (宸鴻) yesterday reported that net profit dipped 51 percent annually last quarter to its lowest in two years, as demand slumped from key smartphone clients and component shortages constrained shipments. Net income fell to NT$118 million (US$4.21 million) last quarter, compared with NT$241 million in the fourth quarter of 2020. That represents a quarterly decline of 58 percent from NT$279 million. TPK sank to an operating loss of NT$88 million, the largest since the fourth quarter of 2019. Gross margin dropped to 3.8 percent, from 4.8 percent a year earlier and 4.6 percent a quarter earlier. “Our output ....
Touch module maker TPK Holding Co (宸鴻) yesterday said that its net profit fell 13 percent last quarter due to the fallout from supply chain bottlenecks and a surge in transportation costs. Disruption in key component and raw material supplies has increased pressure on customer orders, mainly for its products used in the large notebook computer and tablet sector last quarter, TPK CEO Leo Hsieh (謝立群) told investors yesterday. “We deeply felt the pinch of a component supply crunch starting in the third quarter,” Hsieh said. “Earlier this year, we had more leeway in managing supply chain issues, as we had some ....