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LCD driver IC vendor Novatek Microelectronics has reported revenues of NT$4.094 billion (US$131.49 million) for August, up 7.3% on month but down 7.33% on year.
Accumulated 2016 revenues through August totaled NT$30.32 billion, decreasing 10.74% from a year earlier.
The company predicted earlier that its revenues are likely to grow 2-6% sequentially to NT$11.7-12.1 billion in the third quarter with a gross margin of 27-28.5%.
Shipments of TV-use SoCs will expand more significantly in the third quarter, while those of small-size LCD driver ICs will grow marginally during the period, according to a Chinese-language Economic Daily News report, citing sources from Novatek.
The company’s stock price gained NT$1.50 to finish at NT$111 on the Taiwan Stock Exchange (TSE) during the September 7 session.
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