Dialog Semiconductor plc announces Q1 profit surge

e14news — Thu, 07 Oct 2021 09:31:38 GMT

Current Revision posted to Documents by e14news on 10/7/2021 9:31:38 AM
Dialog Semiconductor plc, the Germany-based group, has reported a surge in first-quarter profit as an increase in demand for smartphones and tablet computers drove the 61.2 per cent growth in revenues.

According to the firm, net profit for the quarter was $7.9 million, compared to $4.9 million in the same quarter last year.

Furthermore, quarterly revenues grew to $98.5 million from the prior year's $61.1 million.

In other news, Taiwan Semiconductor Manufacturing, the world's largest contract manufacturer of chips, has reported first-quarter profits that beat analysts' estimates.

As demand for smartphones and tablets drove sales of pricier chips, the firm's net income climbed eight per cent from a year earlier to $1.3 billion.

"Smartphone demand is generally good, and TSMC's strong pricing indicates they're getting a good portion of that," remarked Randy Abrams, who rates the stock "outperform" at Credit Suisse Group AG in Taipei.

Posted by Simon Jones