ADVERTISEMENT

Austriamicrosystems Q2 net profit rises 61%

Deals

Austriamicrosystems AG (AMS), an Austrian chipmaker whose components are used in mobile phones and digital music players, said second-quarter profit climbed 61%, helped by rising demand for new products. Net income rose to € 5.7 million ($7.2 million) from € 3.5 million a year ago, the Unterpremstaetten, Austria-based company said yesterday. Sales gained 14% to € 45.9 million and the order backlog increased to € 64.6 million from € 54.1 million.
AMS is selling more chips to customers including cell-phone makers Sony Ericsson Mobile Communications Ltd. and Motorola Inc. as they seek to reduce power consumption and add more applications. The company said it expects full-year earnings to grow „significantly” faster than sales, which are forecast to gain 10 to 15%. In the industrial and medical markets, AMS saw further business expansion in metering and industrial automation and continuing growth from healthcare IC solutions. In the automotive area, AMS was invited to join the consortium defining next-generation data bus systems in Japan and launched an automotive rotary encoder product based on its highly successful encoder technology. The foundry segment continued to perform well serving a variety of high quality customers with increasing focus on specialty processes such as High Voltage and Silicon Germanium. (Bloomberg, austriamicrosystems.com)

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.