China Economic News (CENS) writes:
With an influx of orders from its Chinese, Japanese and Korean clients, the Taiwan-based Ili Technology (Iliteck), an IC (integrated circuit) designer, is very likely to challenge annual shipment of 120 million units of ICs this year, according to company sources.
Last year Ilitek shipped about 64 million ICs and scored sales revenue of NT$2.47 billion, sharply shooting up nearly 500% from NT$550 million posted in 2006, and shining EPS (earning per share) of NT$14.9. So far, Ilitek has shipped 65 million ICs over the first eight months of this year.
In fact, sluggish demand for consumer electronics in China this year has caused unit prices of ICs to drop and undermined Ilitek`s sales performance, as Ilitek saw its sales revenue slip month by month (NT$282 million in April, NT$158 million in May and NT$86 million in June) in the second quarter. Consequently, the company reported aggregate revenue of NT$1.13 billion for the first half of this year, growing only 17.1% from a year earlier, although having shipped 40 million ICs in the span.
Its great to see some design houses doing well in troubled times. What is also interesting is to see how the decreasing demand is pushing down prices. That said, Ilitek is still selling their products well.
CENS: Ilitek to Challenge Annual Shipment of 120 M. ICs This Year
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