Tyntek will invest NT$600 million (US$21.5 million) to expand production capacity for Si-based sensor chips by 30% in 2022, with the revenue proportion for Si-based sensors expected to rise from 55% currently to over 60% in 2022, according to company president Will Chou.
Tyntek has expanded the production capacity by 60,000-70,000 5-inch wafers annually or 25% in 2021, but the production capacity is still insufficient to meet demand and therefore will be further expanded in 2022, Chou said at a November 25 investors conference. Si-based sensor chips will be the main source of revenue growth in 2022, Chou noted.
Orders for photo couplers, infrared LED devices in transmitters and photo diodes in receivers, in 2022 are expected to increase 20% on year, Chou indicated.
In addition to Si-based sensor chips as well as LED devices and lighting, Tyntek is poised to begin production of UV-C LED devices for use in disinfection and will develop optoelectronic sensing devices for use in VR/AR devices and electric vehicles in 2022, Chou said.
Tyntek posted consolidated revenues of NT$832.2 million, gross margin of 23.43%, operating profit of NT$102.0 million and net profit of NT$110.6 million for third-quarter 2021, leading to consolidated revenues of NT$2.423 billion, gross margin of 21.94%, operating profit of NT$261.1 million and net profit of NT$205.4 million the first three quarters of the year.
Tyntek will see fourth-quarter 2021 consolidated revenues slip 6-8% on quarter but rise 12-15% on year, according to market analysts.
