Kenmec expects sales recovery in 2H24

Kenmec Mechanical Engineering saw lower-than-expected performance in the first half of 2024 due to fluctuations in the economy and construction delays, even though the company had already secured orders. However, in an August 21 statement, company CEO Frank Hsieh expects operations to return to normal in the second half of the year, making up for earlier delays.

Continue reading

Innodisk sees over 20% revenue from AI; revenue and profit to increase in 2H24

With the increasing implementation and demand for edge AI applications, DRAM manufacturer Innodisk stated that its edge AI projects have been progressing smoothly with AIoT-related businesses accounting for 21% of its overall revenues in the first half of 2024, rising from 2023’s 19-20%, and the company is aiming to raise the share by an additional 2pp from the first half in the second half of 2024.

Continue reading

Cheng Mei adopts cautious outlook amid uncertain panel demand in 3Q24

Cheng Mei Materials, a leading polarizer manufacturer, has reported weaker-than-expected panel demand for the third quarter. With the possibility of China adjusting its production capacity during the National Day holiday in October, the company has adopted a cautious outlook for the quarter. Cheng Mei anticipates a decrease in utilization rates from 90% to 80% but plans to continue adjusting its product mix, focusing on high-value business segments.

Continue reading