What They Say
The Taipei Times reports that E Ink is optimistic that a boost in the take-up of Electronic Shelf Labels (ESLs) in the US next year will help its business which should help to offset potential loss of business as the eReader business comes under pressure from economic headwinds. The firm plans to keep investing in capacity expansion with between NT$5 billion and NT$6 billion (US$160.5 million and US$192.6 million) for this year and likely next year.
E Ink plans to ramp up the production of its H4 production line in Hsinchu in the first quarter of next year.
The H6 line, also in Hsinchu, is expected to commence production in 2025, it said. However, it will delay an increase in Taoyuan’s Guanyin District because of material and staff shortages.
What We Think
We tried to make some sense of the financial data in the article, but it seemed confused and the Q3 data is not yet on the E Ink Investor Relations site. However, a quick look at the monthly sales figures shows revenues of $773 million for the year to the end of October, which is 60% up on last year! (BR)
