Newmax building factory at CTSP - Digitimes

Newmax building factory at CTSP

Sammi Huang, Taipei; Adam Hwang, DIGITIMES

Tuesday 16 March 2021

Optical lens maker Newmax Technology is constructing a factory at Central Taiwan Science Park (CTSP), with completion scheduled for second-quarter 2021, according to the company.

Newmax said it has budgeted NT$3.923 billion (US$139 million) for the factory.

Newmax has supplied in-display fingerprint recognition lenses for a few Chinese smartphone vendors including Huawei and Xiaomi through China-based Q Technology - a major shareholder of Newmax, industry sources said, adding after the new factory is completed, Newmax is likely to obtain additional orders from Chinese smartphone vendors via Q Technology.

Newmax posted consolidated revenues of NT$2.693 billion, gross margin of 12.75%, operating loss of NT$353.1 million and net loss of NT$276.9 million for 2020.

Newmax has reported consolidated revenues of NT$221.9 million for February, slipping 18.36% sequentially but hiking 181.65% on year, and those of NT$493.7 million for January-February soared 127.62% on year.

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