Novatek bets on better product mixBy Chen Cheng-hui / Staff reporterNovatek Microelectronics Corp (聯詠) expects revenue and earnings to continue to increase this quarter on the back of a better product mix, the company said on Thursday after posting better-than-expected financial results for last quarter. The Novatek Microelectronics Corp logo is pictured at the company’s headquarters in Hsinchu City in an undated photograph. Photo: Grace Hung, Taipei TimesNovatek expects gross margin to expand to 48 to 51 percent and operating margin increase to 33 to 36 percent this quarter, on the back of continued product mix adjustments and product price hikes. The company has been improving its product mix of large display driver ICs (DDI), system-on-chip solutions for TV controllers and OLED DDIs. Cathay’s target price for Novatek compares with Taishin Securities Investment Advisory Co’s (台新投顧) NT$660, Capital Investment Management Corp’s (群益投顧) NT$619 and Yuanta Securities Investment Consulting Co’s (元大投顧) NT$870.

Source: Taipei Times August 08, 2021 15:56 UTC