Buoyed by rising sales generated by its sapphire ingot-making subsidiary USI Optronics, ferrite core maker Acme Electronics is expected to return to profitability in the fourth quarter of 2013, according to market watchers.
Acme posted a net loss of NT$233 million (US$7.86 million) or NT$0.25 per share on revenues of NT$1.87 billion in first nine months of 2013.
The growing popularity of fingerprint encryption functionality in smartphones and other end-market devices will bring a substantial boost to demand for sapphire ingots and substrates, benefiting related suppliers including USI Optronics, Crystal Applied Technology and Tera Xtal Technology, the sources noted.
Article translated by Steve Shen
