Market conditions to improve in 2013, says Delta chairman

Sammi Huang, Taipei; Jackie Chang, DIGITIMES [Thursday 13 December 2012]

Yancey Hai, chairman of Taiwan-based green energy technology firm Delta Electronics, stated that non-Europe markets are likely to see a demand revival in 2013. Hai expects Delta to see healthy financial growth in second-half 2013 from growing sales of passive component, server, industrial automation and networking products.

Hai added that Europe continues to face many factors that will influence the economy. Other regions such as North America and emerging economies such as China and Brazil are expected to see an upturn in market demand, added Hai. Recently, the unemployment rate in the US has been showing healthy numbers, and in Taiwan, firms such as Taiwan Semiconductor Manufacturing Company (TSMC) and Foxconn (Hon Hai Precision Industry) have been reporting strong figures, hence Hai believes Delta will see healthy performance in 2013.

Delta reported November consolidated revenues of NT$14.674 billion (US$505 million), representing an on-month growth of 2% but an on-year decrease of 2%. Sales from power supplies and components accounted for 61% of total revenues, while sales from power management accounted for 20%. Delta's accumulated consolidated revenues for the first 11 months of 2012 were NT$162.572 billion, an on-year growth of 2%.

Yancey Hai, chairman of Delta Electronics
Photo: Digitimes file photo