Egis outlook downbeat due to poor smartphone salesBy Lisa Wang / Staff reporterFingerprint sensor supplier Egis Technology Inc (神盾) expects revenue this quarter to continue declining quarter-on-quarter, as stagnant smartphone sales are still curbing demand for chips, a company executive said yesterday. “The [COVID-19] pandemic has significantly affected the company,” Egis chief financial officer George Chang (張家麒) told a videoconference. To regain revenue growth, Egis is expanding its product portfolio to supply versatile chips used in smartphones, including lower-priced chips, Chang said. Egis hopes to capture early business opportunities from Android smartphone makers, who are likely to follow Apple Inc in using TOF technology. Egis is also developing new chips used in “true wireless” earphones, Lo said.

Source: Taipei Times March 17, 2021 15:56 UTC