ON TRACK:Growth in shipments of integrated driver and controller chips lent support to FocalTech’s confidence that it would be the next mainstream solution

Taipei Times
Date: Nov 09, 2017
By: Lisa Wang  /  Staff reporter

Touchpanel controller supplier FocalTech Systems Co Ltd (敦泰科技) yesterday said that its net profit grew 3.3-fold last quarter, as adoption of higher-margin integrated driver and controller (IDC) chip for mobile display panels gained traction after two years of deployment.

Net profit surged to NT$134 million (US$4.4 million) last quarter, compared with NT$31 million in the second quarter. That also represented an expansion of 44 percent from NT$93 million in the same period last year.

Gross margin edged up to 20.6 percent last quarter from 20.5 percent in the prior quarter.

The growth in IDC chip shipments bolstered the company’s confidence that integrated chips are on track to become the next mainstream solution for mobile LCD panels and would play a key role in fueling FocalTech’s next-stage growth, company chairman Genda Hu (胡正大) said.    [FULL  STORY]