Quartz component maker TXC expects to post sequential sales growth through the fourth quarter of 2013, with results in the second half of the year outperforming the first half, according to company president Peter Lin.
The growing popularity of new tablets and smartphones will help TXC sustain revenue growth in 2013, Lin stated.
In addition to mobile devices, TXC will also step up its presence in the 4G LTE network equipment and telematics segments with new products and expanded production, Lin noted.
TXC expects its ASP to stabilize in the second half of 2013 after declining 3-5% in the first quarter and another 5% in the second due to price competition among fellow companies, Lin said.
TXC's capex budget for 2013 will reach NT$870 million (US$29.08 million), with NT$400 million to be used to ramp its production capacity for TCXOs (temperature compensated crystal oscillators), quartz crystals and patterned sapphire substrates, according to the company.
The remaining NT$470 million will finance the company's expansion projects in China, TXC added.
TXC posted net profits of NT$209 million or an EPS of NT$0.68 on revenues of NT$2.33 billion in the first quarter of 2013.
TXC president Peter Lin
Photo: Shihmin Fu, Digitimes, May 2013
Article translated by Steve Shen
