NO CONTROL: Chairman Liu Ke-cheng said the firm has set a target of double-digit growth in revenue and profit and it expects an industrial IoT boom to start this year

Taipei Times
Date: Jan 10, 2018
By: Lisa Wang  /  Staff reporter, in Taoyuan

Advantech Co (研華) aims to boost its revenue and net profit by a double-digit percentage this year in light of fledging demand for industrial Internet-of-Thighs (IoT) devices and recovering demand from US customers.

However, the strength of the New Taiwan dollar against the US dollar is likely to continue to weigh on the performance of the world’s largest industrial computer maker.

“The foreign exchange factor is the biggest risk. We are not worried about growth [momentum],” Advantech said.

The NT dollar’s 0.51 percent appreciation against the greenback eroded 7 percent of company’s revenue last month, Advantech said.    [FULL  STORY]