TXC's board of directors has approved plans to issue NT$800 million (US$25.2 million) worth of Taiwan convertible bonds (CB) to raise funding for capacity expansion, especially for high-end products: temperature-compensated crystal oscillator (TCXOs) and voltage-controlled crystal oscillator (VCXOs).
The quartz component maker is expected to see its results for the first quarter of 2010 defy seasonal patterns and has been selected as one of the suppliers for a new product from Apple, according to industry sources. TXC declined to comment on specific orders.
Article translated by Meiling Chen
