24
Novatek Microelectronics
(TSEC: 3034)
Taiwan
Last year was a good one for this fabless chip designer, with sales up 48%, to $809 million, and profits soaring 57%, to $175 million. But with major producers of TFT-LCD panels reporting disappointing sales, Novatek is now in a bind. The Hsinchu (Taiwan)-based company is the world's leading designer of driver chips for LCD panels and so is vulnerable now that the industry is at the low end of the business cycle. On June 7, Novatek announced that May sales fell sharply, down 15%, as customers didn't see the surge in demand for LCD TVs ahead of the World Cup that they had expected.
Company Info |
|
| 2005 Rank | 26 |
| Sales* ($ Millions) | 809.1 |
| Sales Growth (over prev. year) |
48 % |
| Profits* ($ Millions) | 175.4 |
| Return on Equity | 46.9 % |
| Total Return on Sales (12-mo.) | 45.5 |
| Share Price As of 5/31/06 | 5.77 |
| CURRENT MARKET INFO | TSEC: 3034 |
| No. of Employees | |
| Industry | Semiconductors |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Novatek Microelectronics engages in the research, design, development, manufacture, management, and sale of integrated circuits (ICs) in Taiwan and internationally. The company offers flat panel display controller and driver product lines, as well as various micro controller and digital signal processing-based system solutions. Its liquid crystal display (LCD) drive and control ICs includes character-type LCD controller/driver ICs, graphic-type LCD driver ICs, gate (scan) driver ICs, source (data) driver ICs, and mobile phone driver ICs. The video display drivers and ICs include cathode ray tube monitor control ICs, LCD monitor control ICs, flat panel display television control ICs, and thin film transistor timing controllers. The company also offers PS2 keyboard and mouse controller ICs, universal serial bus keyboard and mouse controller ICs, joystick and game-pad controller ICs, and other products. Novatek also provides customers with one-time-programmable and flash type ICs, which enable firmware programming. In addition, the company offers various technical services. Novatek was established in 1997 and is headquartered in Hsinchu, Taiwan.
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