Conservative Apex about the outlook for 3Q22

PCB maker Apex International is conservative about its business outlook for the third quarter of 2022 as brand vendors such as South Korea adjust their inventories.

According to the company’s spokesman Sam Wu, order visibility is not clear at this time as consumer spending has fallen due to changes in the macro environment.

Apex is adding more PCB products for automotive applications in response to changing market trends, adding that Apex is developing a new HDI board scheduled for commercial production in the first quarter of 2023. rice field.

In 2022, Apex will continue to focus on manufacturing 1-12 tier rigid PCBs for 5G, server and network device applications, increasing its capacity to 1.05 million square meters per month this year.

Meanwhile, Apex is also shipping PCBs used in miniLED backlight units (BLUs) for TV production, Wu said, and the company is also increasing orders for automotive PCBs from new customers this year. Stated.

Overall, Apex expects sales and profits this year to be higher than in 2021.

Apex’s June sales were NT $ 1.187 billion (US $ 40.36 billion), down 16.1% month-on-month but up 8.3% year-on-year. Revenues in the second quarter of 2022 reached NT $ 3.971 billion, down 4.2% from the quarter, but up 13.7% year-on-year. January-June sales were NT $ 81.16 billion, up 20.18% year-on-year. Conservative Apex about the outlook for 3Q22

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