Compal Electronics president Ray Chen, on January 12, revealed the company recently reached an agreement with its clients and has successfully raised OEM quotes for the first quarter of 2011; however, Chen did not reveal any further details of the increases.

The company's fellow competitor Quanta Computer also reportedly raised its OEM quotes for Hewlett-Packard's (HP's) orders recently.

Chen, in the fourth quarter of 2010, already revealed that the company was in discussions with its clients about raising OEM quotes since the raising Taiwan exchange rate has directly impacted Compal's revenues and profitability, and Chen's confirmation should provide a positive push for the notebook industry.

Chen pointed out that since the first-quarter is normally the period for OEM quote confirmation, after reaching an agreement to raise prices, it is unlikely notebook makers will see further increases in the future.

Article translated by Joseph Tsai