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Power and thermal management solutions provider Delta Electronics Inc (台達電) on Friday said it aims to achieve double-digit percentage growth in revenue this year, but warned of headwinds ahead as COVID-19 lockdowns in China cause supply chain disruptions, affecting business at its automation unit in particular. The company said it has suspended production lines at its manufacturing plant for industrial automation products in Wujiang District of Suzhou, China, to comply with the local government’s lockdown measures. The outlook for this quarter depends on whether local suppliers can pr...

Compal Electronics Inc (仁寶電腦), the world’s No. 2 contract notebook computer maker, yesterday forecast robust shipments for the year due to solid demand from enterprises and PC gamers. By contrast, global PC shipments this year are likely to be flat or edge lower, as Russia’s invasion of Ukraine is weighing on already weakening demand for notebook computers, mainly Chromebooks, because energy hikes are stoking inflation and hampering a recovery in Europe, the company said. “As Europe depends heavily on energy imports from Russia, the war and financial sanctions against Russia are ...

Lite-On Technology Corp (光寶科技) yesterday reported its highest earnings per share (EPS) in five years for the October-to-December quarter, thanks to an improved product mix and operating efficiency, the electronic components supplier said in a statement. The company posted fourth-quarter net profit of NT$2.51 billion (US$90.05 million), up 25 percent from a year earlier, but down 19 percent from the previous quarter on revenue of NT$44.57 billion. It was also up 8 percent year-on-year and 6 percent quarter-on-quarter. Lite-On attributed the annual increases to steady growth in demand fo...

Cheng Uei Precision Industry Co (正崴精密) on Friday announced that it had acquired 1.6 hectares of land in Phoenix, Arizona, as the cable and connector maker is planning to lease a factory and build a green-energy-related production base. It would be Cheng Uei’s first manufacturing site in the US, the firm said in a statement. Cheng Uei, headquartered in New Taipei City’s Tucheng District (土城), operates research-and-development and marketing bases in the US — in Los Angeles, San Jose and Seattle. Cheng Uei, also known as Foxlink, said it is planning to invest in green energy-rel...

The climate gauge for the nation’s manufacturing sector in September remained “yellow-red” for the fifth consecutive month, reflecting fast growth, even though port congestion and supply chain disruptions posed uncertainty and drove up operational costs, the Taiwan Institute of Economic Research (TIER, 台經院) said yesterday. The composite index for the manufacturing sector fell 0.21 points to 16.27 from August, as power rationing and emission restrictions in China slightly weighed on input activity, but the index remained just inside the “yellow-red” range of 16 to 18.5 points, t...