Taiflex Revenue Down in 2018, But Gross Margin Above 20%
February 21, 2019 | DigitimesEstimated reading time: Less than a minute
Taiwan-based Taiflex Scientific has announced financial results for the fourth quarter of 2018 and the whole year 2018. The company saw its 2018 consolidated revenues drop from a year ago, but the gross margin was at above 20%.
According to a Digitimes report, whether the company is able to make it into the supply chains of China-based smartphone vendors with its modified polyimide (PI) materials will be a major factor deciding Taiflex's performance in 2019.
Taiflex has decided to quit the solar market and is looking to clear out the remaining inventory in mid-2019. Since the company is offering the inventory at low prices, the sales of the solar products are expected to undermine Taiflex's overall gross margin for the year slightly, Digitimes adds. But the company's other IT components, whose prices went up in 2018, contribute much larger portions of revenues than the solar line.
Suggested Items
LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and Resolution
04/24/2024 | PRNewswireLG Display, the world's leading innovator of display technologies, announced that it has developed the first-ever Gaming OLED panel with a switchable refresh rate and resolution. The company has begun mass production of the 31.5-inch panel this month, accelerating its push into the high-end gaming display market with new concept products.
Alternative Manufacturing Inc. Awarded QML Requalification to IPC J-STD-001 and IPC-A-610
04/24/2024 | IPCIPC's Validation Services Program has awarded an IPC J-STD-001 and IPC-A-610 Qualified Manufacturers Listing (QML) requalification to Alternative Manufacturing Inc (AMI).
GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
04/23/2024 | GlobalFoundriesGlobalFoundries (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.
ROHM Group Company SiCrystal and STMicroelectronics Expand Silicon Carbide Wafer Supply Agreement
04/23/2024 | ROHMROHM and STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion of the existing multi-year, long-term 150mm silicon carbide (SiC) substrate wafers supply agreement with SiCrystal, a ROHM group company.
Foxconn Pledges 100% Renewable Electricity by 2040, Joins RE100
04/22/2024 | FoxconnHon Hai Technology Group announced its worldwide operations will run fully on green electricity by 2040 and has joined the global initiative RE100, in a milestone on Earth Day 2024 that adds the world’s largest electronics manufacturer and technology solution provider among the most influential businesses committed to 100% renewable electricity.