HIWIN Technologies Corp.chairman and chief executive officer Eric Chuo recently said the company will be supplying precision positioning components to chip making industry heavyweights,adding that the company's positioning component have been adopted by prominent chipmakers as Intel Corp.,Taiwan Semiconductor Manufacturing Co.(TSMC)and Samsung Electronics Co.,Ltd.
Chuo stressed that the company has built competitiveness on persistent investments in R&D.
Also,he noted the company's reinvested cooper indium gallium selenide(CIGS)business will begin pilot production next month and likely make profit in the first year of operation.
Last month alone,HIWIN had revenue of NT$812 million(US$28 million),decreasing 12.4%from a month earlier and 40.5%year on year,with the Nov.result marking a contraction for the second month and new low since February.
The company blames the revenue decrease mostly to lukewarm demand in Europe for machine-tool components,including linear slide rails and ball screws,before the Christmas holiday season.
Last month the company had revenue of NT$530 million(US$18.2 million)from sales of linear slide rails and NT$162 million(US$5.5 million)from sales of ball screws.
However,the company's sales of industrial robots have climbed to NT$115 million(US$3.9 million)last month,increasing NT$39 million(US$1.3 million)and accounting for 14%of the company's total revenue.
The company predicts revenue for this quarter to remain low as customers are still de-stocking,with the market likely to recover after March next year.
