GLOOMY OUTLOOK: CEO Jerry Shen said US tariffs on Chinese-made goods would have a significant impact and microprocessor shortages would continue into Q2
Date: Nov 14, 2018
By: Lisa Wang / Staff reporter
Asustek Computer Inc (華碩) yesterday said escalating US-China trade tensions and a supply crunch for Intel Corp’s microprocessors continues to weigh on its operations this quarter and would continue to do so.
The computer maker reported a 43 percent annual decline in net profits for last quarter totaling NT$3.34 billion (US$108.08 million), compared with NT$5.84 billion for the same period last year.
Gross margin fell to 11.7 percent from 14.4 percent last year.
An improvement in foreign- exchange losses helped Asustek notch quarterly growth of 1.5 times from NT$1.33 billion. [FULL STORY]