Panel makers HannStar and Giantplus report strong revenue growth in February

Small and medium-sized panel manufacturers, HannStar and Giantplus, reported strong revenue performances in February, with both companies showing month-over-month and year-over-year growth. Specifically, HannStar’s shipments of small and medium-sized panels saw a rebound in February. Meanwhile, Giantplus expects the first quarter to be a slow season. However, the market is more focused on the potential impacts and changes following the exit of its parent company, Toppan Holdings.

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China-based Hesai becomes first listed LiDAR firm to achieve non-GAAP profitability

Hesai Technology has achieved its first full-year non-GAAP profitability. Lei News and IT Home reported the leading Chinese LiDAR company’s unaudited financial results for 2024. Fourth-quarter revenue reached CNY720 million (US$99.30 million), up 28.3% year over year. Hesai posted a net income of CNY150 million for the quarter, reversing a CNY140 million net loss from the same period in 2023.

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Taiwan top auto fastener supplier eyes entry into advanced semiconductor equipment supply chain

Taiwan’s leading automotive fastener manufacturer, Spec Products Corp., is set to debut on Taiwan’s over-the-counter (OTC) market on March 18. The company is actively diversifying its business portfolio, with plans to enter the semiconductor supply chain later this year, specifically targeting advanced process equipment, according to Chairman Zephyr Chang.

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Coretronic sees short decline in Feb revenue with a rebound likely in March

Coretronic reported a consolidated revenue of NT$2.573 billion (US$80.4 million) in February, marking a 10% decline from January’s NT$2.856 billion (US$89.2 million) and a 6% drop compared to NT$2.741 billion (US$85.6 million) in February 2024. Cumulatively, revenue for the first two months of 2025 stood at NT$5.429 billion (US$169.6 million), reflecting an 8% year-over-year decrease.

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Microloops highlights strong demand for air cooling solutions, driven by launch of DeepSeek

Microloops, a heat dissipation module manufacturer, stated that with the DeepSeek AI model powered only by Nvidia’s mid-range GPUs, most AI server chips require only air cooling to operate efficiently. This signals a significant surge in demand for air cooling solutions in 2025, which is expected to drive substantial growth for Microloops’ air cooling products.

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UMT heads to Satellite 2025 expo riding high on 316% growth

Universal Microwave Technology (UMT) has announced its participation at Satellite 2025, held this year in Washington, D.C., from March 11 to 13. UMT has been a regular participant at the world’s largest satellite technology trade show since 2018 and will highlight its competitive edge in the global satellite market by showcasing its innovative technologies and solutions in the low Earth orbit (LEO) satellite industry.

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