Wistron predicts continued growth

FOLLOW THE LEADER:A push by the new US administration to move manufacturing to the US could see Wistron invest there if the market goes that way, Simon Lin said

Taipei Times
Date: Jan 23, 2017
By: Lauly Li / Staff reporter

Wistron Corp (緯創), one of Apple Inc’s iPhone assemblers, expects business growth to continue this year, after posting a record revenue for last year, company chairman Simon Lin (林憲銘) said.

“This year’s business will be driven by demand for smartphones, Internet of Things [IoT] devices, servers and desktops,” Lin told reporters on the sidelines of the company’s annual banquet for employees on Friday at the Taipei Nangang Exhibition Center.

Wistron expects capacity expansion to meet client demand after the board approved a combined investment of US$208.67 million to expand production capacity at its plant in Kunshan, China, which analysts say is to support capacity expansion for 5.5-inch iPhones.

“We expect Wistron to become the key assembler of 5.5-inch iPhones in the second half of 2017 and into 2018,” Credit Suisse Group AG’s Taiwan equity research division wrote in a client note on Monday last week.    [FULL  STORY]

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