Touch module maker General Interface Solution (GIS) has reported September consolidated revenues of NT$12.557 billion (US$399 million), increasing 3.83% on month and 8.44% on year, while fellow maker TPK Holding's NT$8.816 billion decreased 4.12% sequentially but growing 8.82% on year.
Production in China was impacted by COVID lockdowns in some cities and power supply restrictions in Chengdu, resulting in shipment delays, GIS said. Since mid-September, production in China has returned to normal and production lines have been running overtime to clear the backlog, GIS noted.
GIS posted consolidated revenues of NT$35.509 billion for third-quarter 2022, growing 22.40% sequentially but declining 1.83% on year, and those of NT$92.655 billion for January-September dipped 4.98% on year.
Of touch modules shipped in the third quarter, tablet applications accounted for over 50% and notebooks for about 30%, GIS indicated.
GIS will have its subsidiary Interface Optoelectronics (Shenzhen) invest CNY500 million (US$70.3 million) in setting up Interface Advanced Technology (Chengdu), a China-based wholly owned subsidiary to be engaged in development, production and marketing of optical modules.
As a member of the Foxconn Group, GIS stands a chance of supplying car-use touch modules via the Foxconn-led MIH EV development platform.
TPK posted consolidated revenues of NT$27.951 billion for the third quarter, the highest quarterly level since second-quarter 2021 with increases of 25.14% on quarter and 11.04% on year, and those of NT$75.379 billion for January-September dropped 4.52% on year.
Article translated by Adam Hwang
