News
TAIPEI – Hon Hai today reported a 21% year-over-year jump in second-quarter net profits to T$15.03 billion. Earnings were up 26% sequentially.
The company easily beat previous earnings estimates of T$11.23 billion.
On the flip side, Hon Hai’s contract manufacturing unit Foxconn International reported its second straight half-year loss, as Nokia and others dropped business with them.
For the six months ended June 30, Foxconn reported a 34% year-over-year drop in consolidated turnover of $3.16 billion. The company’s loss was $19 million, down from $142 million last year.
Foxconn was hurt by falling demand for handsets: Shipments have dropped 90 million units to a total of 520 million units so far this year.
US $1 = T $32.915
The company easily beat previous earnings estimates of T$11.23 billion.
On the flip side, Hon Hai’s contract manufacturing unit Foxconn International reported its second straight half-year loss, as Nokia and others dropped business with them.
For the six months ended June 30, Foxconn reported a 34% year-over-year drop in consolidated turnover of $3.16 billion. The company’s loss was $19 million, down from $142 million last year.
Foxconn was hurt by falling demand for handsets: Shipments have dropped 90 million units to a total of 520 million units so far this year.
US $1 = T $32.915
SAN JOSE – Tessera Technologies’ patents are valid, but were not infringed, according to a preliminary ruling by the U.S. International Trade Commission.
Tessera said it would ask for a review of the decision.
The firm previously asked the ITC to stop product imports from several companies that it says violate three of its patents. The companies involved include Acer, Centon Electronics, Elpida Memory, Kingston Technology, Nanya Technology, Powerchip Semiconductor, ProMOS Technologies, Ramaxel Technology, Smart Modular Technologies and TwinMOS Technologies.
SAN JOSE – Worldwide sales of semiconductors in July were $18.2 billion, up 5.3% from June, the Semiconductor Industry Association said.
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