Novatek says seasonality to affect sales
Novatek Microelectronics Corp (聯詠), which designs driver ICs used in flat panels, expects revenue to drop up to 6 percent sequentially this quarter from an all-time high, as demand for consumer electronics, such as TVs and more affordable Chromebook computers, slackens in the low season. Revenue is to fall to between NT$36 billion and NT$37 billion (US$1.29 billion and US$1.33 billion) this quarter, compared with NT$38.35 billion in the third quarter, Novatek president Steven Wang (王守仁) told investors in a virtual conference yesterday. “The industry is entering its slow season in t...