Nuvoton Technology Holds Investor Conference for the first quarter of 2014
Nuvoton Technology Corp. (TSE: 4919) Today (25), and parent company, Winbond Electronics Corporation (TSE: 2344), held a joint Investor Conference to report first quarter operations and forecast economic conditions for the second quarter of 2014. Consolidated revenue for the first quarter of 2014 was approximated NT$1,618 million, an increase of 6% from the previous quarter. Net income was about NT$44 million and earnings per share of NT$ 0.21, an increase of 82% from the previous quarter.
According to Nuvoton Technology, the key reasons for the improved performance from the previous quarter is the sustained growth of shipments of its 32-bit MCU applications and Audio Enhancement, new power IC shipment, and preparation by foundry customers for second quarter demand. The continued optimization of its product portfolio, the capacity utilization rate and depreciation in the NTD also contributed to the net profit margin in this quarter, which rose compared with the previous quarter and the same quarter last year.
Nuvoton persists in the innovation of products and technologies and launched the ARM® Cortex™-M4 32-bit MCU product series this quarter. This series is applicable to a wide array of applications, including industrial controls, consumer electronics, PC peripherals, online shopping networks, cloud computing and audiovisual products. Nuvoton also held a series of online colloquia to allow for direct dialogue between customers and its professionals. This move yielded positive feedback. In addition, R&D into audio related chips to handle new power sources for cloud computing devices continues and will give customers affordable and better solutions.
Nuvoton also mentioned that the traditional warm season for consumer electronics and foundry industry comes in the second quarter of 2014. It will continue to provide customers with a full-range of affordable and high performance solutions. In addition, a new series of products and applications will also be brought to market. Examples are the ARM® Cortex™-M0 32-bit MCU for Wearable Devices, Medical Equipment and Motors, New ARM® Cortex™-M0 based Audio SoC chip, the ARM® 9 Video SoC for IP CAM and IoT that could be applied to web cam and online shopping networks. The New Power IC and New SIO for Intel® 9-Series Chipsets Launch for PC and cloud computing applications will be launched in the second quarter of 2014. Further, the 0.35um BCD Process will also begin mass production. The above new products and process developments demonstrated the strength of Nuvoton in technology R&D. In the future, the company will continue to closely observe market trends to provide better products and services for all its customers.
Nuvoton Technology Corp. was established as a spin-out of Winbond Electronics’ Logic business group, starting operation in July, 2008 and IPO in September , 2010. Nuvoton Technology focuses on the R&D and sales in logic ICs, and leads in market shares of audio, microcontrollers, computer and cloud related application ICs. Nuvoton owns a six-inch wafer fab, featuring in special niche process. Besides in-house IC products, the wafer fab also provides part of its capacity for foundry services. Nuvoton Technology provides high cost performance products for its customers by means of flexible technology innovation capabilities, full product solutions and excellent integration of technology synergy. Nuvoton offers superior services based on existing solid foundation and continues to realize its vision: "Be an indispensable partner to industry leaders." Nuvoton values the long-term relationship with its partners and customers; the company has established subsidiaries in the USA, China and Israel to strengthen regional customer support and global management. For more information, please visit /sites/nuvoton/
*Note: Nuvoton and NuVoice are registered trademarks of Nuvoton Technology Corp. All other trademarks and copyrights mentioned herein are the property of their respective owners.