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Elan Microelectronics Corp (義隆), which supplies touch-panel controller chips, on Wednesday said that revenue this quarter would grow by 15.49 to 25.1 percent from last quarter, as demand for notebook computers remains strong. Revenue this quarter would likely reach NT$4.8 billion to NT$5.2 billion (US$171.74 million to US$186.05 million), compared with NT$4.156 billion last quarter, which fell 10.57 percent from the previous quarter due to fewer working days, the company said in a statement. However, last quarter’s revenue surged 88.4 percent year-on-year, the company said, citing increa...

Taiwan takes five medals at Edison Awards By Angelica Oung / Staff reporter A Taiwanese artificial intelligence (AI)-based warehousing solution took home a gold medal at the Edison Awards, where the nation also collected a silver and three bronze medals, the Ministry of Economic Affairs said yesterday. The Industrial Technology Research Institute (ITRI, 工研院) won gold in the AI applications category of the Edison Awards on Friday last week with an AI-based high-density shuttle rack service system, the ministry said. The Edison Awards Web site says that the system is a “smart urban lo...

Kingray to gear up for approval as new vendor By Angelica Oung / Staff reporter Optical filter maker Kingray (晶瑞光電) yesterday said it plans to raise capital to purchase equipment to massively expand production after it becomes an approved vendor for STMicroelectronics NV. “Getting that vendor code was a very difficult process,” Kingray chief executive officer Leo Tsou (鄒政興) said, adding that STMicroelectronics would be a “key client.” STMicroelectronics is the maker of time-of-flight (TOF) modules for Apple Inc, among other clients. TOF modules require a narrow band p...

SPAC Wrap: Investors Should be Happy with a Merger-less Monday; Announced Deals Take a Hit Merger-less Monday was a bit of a surprise today, but given SPACs with announced deals took a hit, that's probably a good thing. Look for activity to pick up as the week progresses though. Author: Apr 12, 2021 Even given the otherwise sideways day in the markets (S&P up, DJIA down, Nasdaq 100 down), some investors will be a bit disappointed in the SPAC activity. No deals were announced, SPAC IPOs stayed on the sidelines, and we saw only two prospective new SPACs file S-1s.  Those invested in SPACs with...

Elan net profit grows 30% By Lisa Wang / Staff reporter Elan Microelectronics Corp (義隆電子), a supplier of touchpad controllers and fingerprint sensors, yesterday reported that net profit last year rose 30 percent to a record NT$3.25 billion (US$114.52 million), thanks to increased demand for laptops amid the COVID-19 pandemic. The Hsinchu-based company said that the work-from-home and distance-learning trends increased demand for notebook computers, which boosted shipments of its touchpad controllers. Earnings per share last year reached NT$11.14, up from NT$8.57 in 2019, it said in...