Touch panel maker TPK Holding has reported decreased revenues for February due to seasonal factors and inventory adjustments at clients. February revenues totaled NT$5.213 billion (US$178.18 million), down 45.5% on month and 19.1% on year.
For the first two months of 2018, revenues totaled NT$14.778 billion, increasing 5% from a year earlier.
In line with a slowdown in the iPhone supply chain in the first quarter of 2018, TPK is expected to see its sales drop 35-40% sequentially to NT$20.5-21 billion in the quarter, according to an industry estimate.
TPK announced earlier that its capex for 2018 will reach NT$7.5 billion, increasing 62% from a year earlier.
Article translated by Steve Shen
