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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