New Technology Markets Boost Prospects at Hon Hai’s Ennoconn

  • By Chen Cheng-hui / Journalist

Ennoconn Corp (樺 漢 科技) is confident in its business operations this year as it expects to continue to benefit from the boom in the Artificial Intelligence of Objects (AIoT), 5G, cloud and semiconductors, the industrial computer maker said on Friday.

The company expects its design and manufacturing arm to show higher growth this year, while its systems integration segment and branded businesses are also expected to show stable expansion from last year. , did he declare.

“Judging from pending orders, the visibility of orders has extended into next year, which helps the company maintain a double-digit growth rate,” Ennoconn said in a statement.

Photo: ANC

The industrial computer manufacturing arm of Hon Hai Precision Industry Co (鴻海 精密) provides hardware solutions for point of sale, banking automation, kiosk, lottery and industrial automation systems.

Due to the robust development of the AIoT, 5G, cloud, and semiconductor industries, European and US customers in the smart retail, finance, gaming and entertainment industries have increased l last year their orders for industrial Internet of Things and Ennoconn embedded technology products, the company said.

Last month’s revenue grew 15.2% per month and 13% per year to NT $ 11.59 billion ($ 418.56 million), the company said.

This brought last year’s fourth quarter revenue to 26.6% from the third quarter, and up 11.7% from a year earlier, to $ 29.64 billion. NT, a quarterly record, he said.

Revenue for the whole of last year increased 14.3% year-on-year to NT $ 96.08 billion, also a record, he added.

Ennoconn said he looks forward to the arrival of a converging technology platform that will help expand the scale of its operations.

Looking at trends from the CES show which wrapped up in Las Vegas on Friday, the company said various brands and supply chain companies are developing new technologies and advancing with cloud services in the metaverse, as well as areas of satellites in low orbit. , 5G and IA.

Ennoconn worked with Google to launch augmented reality and virtual reality glasses, as well as to create cloud platforms for public safety, medical and logistics services. Google last week acquired a 4.6% stake in Ennoconn via a private placement to become its third institutional investor.

Ennoconn has also partnered with Intel Corp, MediaTek Inc (聯 發 科), VIA Technologies Inc (威盛 電子), Chunghwa Telecom Co (中華 電信) and Systex Solutions Corp (精誠 資訊) to expand into the cloud applications and digital services, the company says.

Analysts said demand for industrial computers had picked up in recent months, with major suppliers ramping up orders despite severe component shortages.

The tight supply of semiconductor components is expected to continue through the first half of this year, but is expected to gradually ease, they said.

Comments will be moderated. Keep comments relevant to the article. Comments containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. The final decision will be at the discretion of the Taipei Times.

Comments are closed.