![]() That represented a monthly increase of 8.5 percent from NT$9.18 billion, but an annual decline of 19.14 percent. Novatek already performed well last month, with revenue rising to NT$9.96 billion, the highest since May last year. Law firm Pallas Partners, which filed the suit in a Swiss court on April 18, said the Finma agency had no right to order the writedown and is seeking full compensation for its clients 90. The company said that revenue and gross margin exceeded its guidance last quarter. The company’s Graphics segment offers GeForce GPUs for gaming and P. ![]() That represented an annual decline of 57.32 percent.Įarnings per share improved to NT$6.64 last quarter from NT$6.64 a quarter earlier, but declined from NT$18.3 a year earlier. NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. Novatek reported better-than-expected profit last quarter, with net profit expanding 17.54 percent to NT$4.75 billion, compared with NT$4.04 billion in the fourth quarter of last year. Gross margin is expected to be between 38.5 percent and 40.5 percent this quarter, edging down from 41.91 percent last quarter, Novatek said.Įxcluding nonrecurring engineering income and reversal of inventory write-down from last quarter’s figures, gross margin this quarter should be similar to last quarter, the company said.Īn increase in shipments of high-end display driver ICs used in gaming notebook computers and monitors would help Novatek fend off headwinds better than its competitors, Wang said in response to an investor’s question about why the company was expecting a less steep decline in gross margin than its peers. Slower growth is expected for TV system-on-a-chips, he added.Īs macroeconomic uncertainty lingers, market demand visibility for next quarter is limited, but Novatek still has high hopes that the year-end shopping season will stimulate electronics sales in North America, Europe and China, he said. ![]() ![]() The graphics giant incurred both an inventory write down and. Large display driver ICs would be supported by inventory replenishment demand for TV and computer display driver ICs, Wang said. Nvidia reported results that were in line with its previous, significantly lower estimates. Novatek has started shipping new display driver ICs for virtual reality devices, which would also help, he said. All of the company’s three major product lines would grow slightly this quarter, with small and medium display driver ICs showing the most growth, thanks to increasing demand from customers in China for OLED driver ICs used in new smartphones, Wang said. ![]()
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