FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Alchip Technologies Regains Orders from Major Customer, Expects Revenue Recovery

By

Alchip Technologies (TPE:3661) chief executive Johnny Shen said the firm expects to regain revenue momentum after winning back orders from a major customer, the Taipei Times reported Wednesday.

The company reportedly saw its revenue fall 39% year on year to $992 million in 2025 after its largest customer, thought to be Amazon.com, slashed orders.

The orders come after Amazon.com subscribed to $75 million worth of Alchip shares earlier this month, the report said.

The firm in April said it procured machinery and equipment worth NT$670.7 million from Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC, to support production.

Alchip shares were down 3% at close.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Aptech Secures INR128 Million Training and Exam Contracts from Government

Aptech (NSE:APTECHT, BOM:532475) said it has received two contracts from government-related bodies for training and examination services, according to two separate filing on Tuesday.Shares of the company rose nearly 2% in Wednesday's trade.The company has been awarded a contract worth 35 million rupees from an autonomous body under the central government to conduct a training program over nine months.In a separate order, Aptech secured a contract worth 93 million rupees from a state government body to conduct computer-based examinations, expected to begin in June.

$BOM:532475$NSE:APTECHT
Asia

China Stocks Drop Amid Doubt Over US-Iran Deal

Chinese equities closed with losses as sentiment was dampened by uncertainties surrounding the potential truce between the U.S. and Iran that could end the war, shadowing the positive industrial data.The Shanghai Composite Index lost 1.3%, or 51.65 points, to close Wednesday's trade at 4,093.73. The Shenzhen Component Index slipped 0.9%, or 139.69 points, to 15,736.47.Iran expressed doubt over negotiations being made with the U.S. to end the war, accusing the U.S. military of violating the ceasefire by attacking the Iranian province of Hormozgan. Iranian politician Abbas Moghtadaei's comment was made after Parliament Speaker Mohammad Bagher Ghalibaf returned from Qatar for the talks that could lead to a war-ending deal with the U.S.Meanwhile, the total profits of China's major industrial enterprises between January and April jumped 18% year on year to 2.436 trillion yuan, faster than the 15.5% growth in the previous month, according to data from the National Bureau of Statistics.Henan Yuneng (SHE:001896) dropped 4.9% after receiving a warning from the China Securities Regulatory Commission's Henan Bureau for breaches in disclosure.Goldwind Science & Technology's (SHE:002202, HKG:2208) Shenzhen shares fell 3.7% amid plans to repurchase part of its shares worth between 300 million yuan and 500 million yuan.

$^SSEC$^SZSE$HKG:2208$SHE:001896$SHE:002202
Asia

Chinese EV Sales Fall 6% in April, Jefferies Says

Chinese electric vehicle sales fell 6% year over year in April, contributing to weaker growth worldwide, Jefferies said in a note Wednesday.Plug-in hybrid EV sales plunged 24% year over year, while that of battery-operated EVs jumped 4% year over year.In the battery EV segment, Li Auto's (HKG:2015) market share increased 4.1% while that of Zhejiang Leapmotor (HKG:9863) jumped 2.9%.BYD's (HKG:1211, SHE:002594) market share fell 4.5% while that of Geely (HKG:0175) slid 3.9% year over year.Electric vehicle penetration surged 830 basis points year over year to 61%.EV sales across Europe, the U.S., and China slipped 0.5% year over year. Market share rose 2.5 percentage points to 33.1%, impacted by a 19% slide in Chinese market share.

$^SSEC$^SZSE$HKG:0175$HKG:1211$HKG:2015$HKG:9863$SHE:002594