HIWIN Technologies is sticking to its annual growth objectives despite mounting global uncertainties, as the Taiwanese manufacturer banks on semiconductor industry expansion to offset market headwinds.
Chairman Chuo Wen-Heng acknowledged during an investor conference Thursday that tariffs, currency fluctuations, and regional conflicts have clouded the business outlook since April. However, semiconductor wafer robots and newer product lines performed well in Q1, with the company’s overall order visibility stretching 2 to 2.5 months.
The motion control specialist reported first-quarter net income of NT$483 million (US$15.1 million), up 46% quarter-on-quarter and 22% year-on-year, with earnings per share of NT$1.36. Revenue reached NT$5.84 billion, rising 6% from a year earlier despite an 8% sequential decline.
Semiconductor-related products now represent 9% of HIWIN’s business, up from 7% in Q4 last year, as chipmakers continue global capacity expansion.
The company downplayed concerns about U.S. tariffs, noting North America accounts for only 5% of sales. To counter Taiwan dollar appreciation pressures, HIWIN is diversifying supply chains and increasing local production through its subsidiaries.
Meanwhile, HIWIN’s sister company Mega-Fabs reported Q1 profits of NT$53 million, reversing losses from a year earlier as AI applications drive demand for electronic manufacturing equipment.
