Analog IC vendor On-Bright Electronics is expected to see its revenues reach NT$1 billion (US$30.96 million) in the fourth quarter of 2016 thanks to orders from the smartphone sector in China, according to a Chinese-language Commercial Times report.
China-based smartphone vendor Oppo has continued pulling orders for fast-charging ICs bucking seasonal effects, said the paper.
On-Bright posted revenues of NT$3.338 billion in the first 11 months of 2016, increasing 17.66% from a year earlier.
The company is expected to garner net profits of NT$250 million for the fourth quarter of 2016, bringing net earnings for all of the year to NT$800 million or over NT$18 per share, said the paper, citing estimates from securities investment firms.
The company's stock price rose NT$3.50 to finish at NT$221.00 on the Taiwan's OTC securities market during the December 28 session.
Article translated by Steve Shen
