Foxconn to obtain 66.67% stake in Canada-based Smart Technologies
Stockwatch - May 27, 12:38
Foxconn Electronics (Hon Hai Precision Industry) on May 26 announced that its Singapore-based subsidiary Foxconn Singapore Pte. and strategic investors will jointly acquire a 100% stake in Smart Technologies, a Canada-based developer of smart interactive display solutions for educational and business...
Commentary: Foxconn moves one step further to become brand operator
May 20, 09:10
The move by the Foxconn Group to take up control of two global technology brands, Sharp and Nokia, in less than two months has raised concerns that the EMS/OEM giant will eventually transform itself into a brand operator - a title which Foxconn has long dreamed for but has to deny.
Supply chain to start shipping new iPhones at the end of 3Q16
May 17, 14:11
The upstream supply chain is expected to begin shipping Apple's upcoming next-generation iPhone products at the end of the third quarter. A new 4.7-inch iPhone will be handled by Pegatron Technology and Foxconn Electronics (Hon Hai Precision Industry), while the new 5.5-inch model will be made by Wistron...
Gigabyte reports increased profits for 1Q16
Newswatch - May 16, 15:04
Gigabyte Technology has reported net profits of NT$542.11 million (US$16.62 million) for the first quarter of 2016, increasing 66.8% on quarter and 27.8% on year. The earnings translated into an EPS of NT$0.86 for the quarter.
Foxconn to deal out 9-year high dividend for 2015
Newswatch - May 13, 10:04
Foxconn Electronics plans to deal out a dividend of NT$5 per share for 2015, including NT$4 in cash and NT$1 in shares. The planned dividend will be the highest in nine years.
Upcoming exhibitions to promote IT innovations
May 12, 11:43
Six exhibitions are expected to come up in May and June, promoting the latest IT innovations including PC, smartphone, smart wearable device, robot and Internet of Things (IoT) applications
Quanta sees on-month drop in April revenues
May 12, 10:43
Quanta Computer has reported consolidated revenues of NT$68.18 billion (US$2.1 billion) for April 2016, representing a 9.31% drop on month but a 0.98% increase on year. The company has totaled NT$265.54 billion in year-to-date revenues, down 2.63% compared with the same time last year.
Unitech sees April revenues down on month
May 12, 10:24
Rugged handheld computer vendor Unitech Electronics has reported revenues of NT$129 million (US$3.97 million) for April, down 22.23% on month and 21.88% on year. For the first four months of 2016, revenues totaled NT$577.57 million, decreasing 9.73% on year.
Silitech reports losses for 1Q16
Stockwatch - May 11, 21:08
Keypad and chassis maker Silitech Technology has reported a net loss of NT$67 million or NT$0.37 per share on revenues of NT$605 million for the first quarter of 2016.
Foxconn Electronics reports decreased April revenues
Stockwatch - May 11, 14:38
Foxconn Electronics (Hon Hai Precision Industry) has reported consolidated revenues of NT$322.389 billion (US$9.92 billion) for April 2016, representing a 5.07% drop on month and 8.53% drop on year.
Pegatron expects decrease in 2Q16 shipments
May 10, 22:54
Pegatron expects operations in the second quarter to hit bottom for the year, with corresponding notebook shipments to drop 10-15% on quarter, motherboard/desktop shipments to fall 5-10% and revenues from consumer electronics to slip 20-25%, company CEO Jason Cheng said at a May 10 investors confere...
Inventec April revenues rise on year
Stockwatch - May 10, 11:20
Inventec has reported consolidated revenues of NT$33.936 billion (US$1.05 billion) for April 2016, representing a 6.98% drop on month and 9.36% increase on year.
Compal revenues drop in April
Stockwatch - May 10, 11:20
Compal Electronics has reported consolidated revenues of NT$46.306 billion (US$1.43 billion) for April 2016, representing a 33.45% drop on month and 24.87% drop on year.
Wistron reports decreased revenues for April
Stockwatch - May 10, 11:19
Wistron has reported consolidated revenues of NT$44.446 billion (US$1.37 billion) for April 2016, representing a 16.37% drop on month and 5.42% drop on year.
Foxlink reports revenues for April 2016
Stockwatch - May 10, 11:19
Foxlink has reported consolidated revenues of NT$6.29 billion (US$193.83 million) for April 2016, representing a 3.94% drop on month and 19.39% drop on year.
Altek reports decreased revenues for April
Stockwatch - May 10, 11:18
Altek has reported consolidated revenues of NT$951 million (US$29.31 million) for April 2016, representing a 0.05% increase on month and 13.87% drop on year.
Quanta Computer denies reported layoffs
May 4, 15:32
Quanta Computer on May 3 firmly denied reports that the company will lay off 10-20% of employees in June, adding that a number of employees voluntarily resigned due to merging a business office in Hsinchu, northern Taiwan into its headquarters in late 2015 and corporate reorganization in the first...
Demand for IC solutions from China robot markers increasing
Apr 25, 11:31
China-based hardware makers have rushed into the development and manufacture of robot products, offering an opportunity for Taiwan-based chipset vendors to ramp up their shipments to the sector, according to sources from Taiwan's IC supply chain.
Pegatron reshuffles executive positions
Apr 22, 15:23
Pegatron, in response to vice chairman Ted Hsu's departure to join Asustek Computer as chief strategy office, has decided to reshuffle its executive positions including CEO, COO, CTO and R&D director, with new executives to come into office on July 1, 2016, according to the company.
VIA subsidiary Xander raided for making fake transactions
Stockwatch - Apr 22, 14:58
Taiwan's District Prosecutors Office raided the headquarters of Taiwan-based channel distributor Xander, a subsidiary of VIA Technologies, on April 21 as some of the company's executives and workers are suspected of having made fake transactions with companies they established to make its financial...
Primax reports increased earnings for 1Q16
Newswatch - Apr 22, 14:24
PC peripheral and mobile device component maker Primax Electronics has reported net profits of NT$400 million (US$12.38 million) for the first quarter of 2016, increasing 9% from a year earlier. The earnings translated into an EPS of NT$0.91 for the quarter compared to NT$0.85 of a year earlier.
China white-box players eye VR, robot business opportunities
Apr 21, 14:08
With virtual reality (VR) becoming a hot topic in the IT industry, China-based white-box players have been aggressively releasing inexpensive head-worn VR devices and home-care robots, and even formed a supply chain ecosystem specifically for VR products. Currently, the retail channel in Shenzhen is...
Asustek notebook orders for BYD still low
Apr 19, 12:36
Asustek Computer is ready to launch its new notebooks soon with Pegatron Technology remaining its major supplier, followed by Quanta Computer, Wistron, BYD and Compal Electronics. However, the order volume to China-based BYD is still small due to its unsatisfactory manufacturing performance, according...
Pegatron vice chairman Ted Hsu reportedly to become Asustek chairman
Apr 19, 11:55
Asustek Computer chairman Jonney Shih reportedly plans to resign from his position and will let Pegatron Technology's vice chairman Ted Hsu succeed him. Asustek confirmed that Hsu will return to become the company's strategy officer and will also join the board of directors, but Asustek and Pegatron...
Foxconn reportedly to return to China retail channel
Apr 19, 11:49
Foxconn Electronics (Hon Hai Precision Industry) reportedly is planning to return to China's retail channel, but instead of creating a specific department, Foxconn is separating the country into 8-10 areas for each of its sub-business groups to handle one segment, according to industry sources.
Quanta sees strong growth in March notebook shipments
Apr 12, 11:52
Quanta Computer's notebook shipments grew by 65% on month to reach 3.8 million units in March. Although Quanta expects its second-quarter shipments to see sequential growth, it is not able to predict the extent of growth due to low order visibility.
Foxconn sees increased March revenues
Apr 11, 10:57
Foxconn Electronics has reported consolidated revenues of NT$339.621 billion (US$10.34 billion) for March, increasing 21.01% on month and 0.39% on year.
Inventec reports revenues for March 2016
Stockwatch - Apr 8, 16:08
Inventec has reported consolidated revenues of NT$36.48 billion (US$1.13 billion) for March 2016, representing a 26.79% increase on month and 7.93% increase on year.
Compal sees on-month growth in March revenues
Stockwatch - Apr 8, 16:07
Compal Electronics has reported consolidated revenues of NT$69.58 billion (US$2.15 billion) for March 2016, representing a 36.49% increase on month and 7.17% drop on year.
Foxconn denies of having evaded taxes
Stockwatch - Apr 7, 21:06
Commenting on a report which claims that Foxconn Electronics (Hon Hai Precision Industry) has evaded taxes worth up to NT$741.2 billion (US$22.86 billion) via investments in Panama, Foxconn said the company has always been an honest tax payer and paid over NT$48 billion in taxes in Taiwan in 2015.
ECS sees over 29% on-month decline in March revenues
Stockwatch - Apr 6, 21:41
Elitegroup Computer Systems (ECS) has reported consolidated revenues of NT$2.69 billion (US$82.89 million) for March 2016, representing a 60.71% increase on month but a 29.32% drop on year.
Sharp may outsource mass production to Innolux, says Foxconn chairman
Apr 6, 14:56
Sharp, following Foxconn Electronics' stake investment, will focus R&D and production on panels involving cutting-edge technologies, while Innolux, a member of the Foxconn Group, will maintain large volume production. Sharp is likely to outsource mass production to Innolux, according to Foxconn...
Quanta reports decreased profits for 2015
Newswatch - Apr 6, 11:11
Quanta Computer has reported that its net profits declined 5.6% on year to NT$17.827 billion (US$538.91 million) for 2015, the lowest level in nine years. The earnings translated into an EPS of NT$4.62 for 2015.
Foxconn to invest US$1.65 billion in China subsidiaries
Mar 31, 15:23
Following its acquisition of Sharp, Foxconn Electronics (Hon Hai Precision Industry) has announced investments totaling US$1.65 billion in several companies in China covering industries including handsets, optical lenses, glass products, automation systems and robots.
Compal sees flat performance in 2015 revenues
Stockwatch - Mar 31, 14:09
Compal Electronics has announced consolidated revenues of NT$847.31 billion (US$25.97 billion) for 2015, up 0.2% on year. Its 2015 net operating profits came to NT$11.31 billion, down 3% on year, and it reported NT$8.69 billion in net profit and NT$2.01 in EPS for the year.
Foxconn post 2015 results
Stockwatch - Mar 31, 11:13
Foxconn Electronics (Hon Hai Precision Industry) has posted consolidated revenues of NT$4,482.15 billion (US$136.4 billion), gross margin 7.15%, net operating profit NT$164.27 billion, net profit NT$146.87 billion and net EPS of NT$9.42 for 2015.
Foxconn Group to invest JPY388.812 billion in Sharp
Mar 30, 22:13
Foxconn Electronics, its Cayman Islands-registered subsidiary Foxconn (Far East), Singapore-based Foxconn Technology Pte. and SIO International Holdings will together acquire 3.282 billion new common shares to be issued by Sharp to expand paid-in capital at JPY88 per share and a total price of JPY388.812...
Clevo to sell real estate in China to help improve operations
Mar 29, 14:54
Clevo's subsidiary in China, Buynow, is expected to sell its over 250,000 square meters of real estate in China in 2016 for a total price of CNY2.2 billion (US$338.42 million). Income will be used to help optimize its balance sheet structure and improve asset operating efficiency.