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Taiwan tech firms recovering thanks to easing COVID-19 in mainland

Source: XinhuaUpdated: 2020-04-10

TAIPEI, April 7 - Several leading tech firms in Taiwan reported favorable performance in March, thanks to the resumption of their operations in the mainland as the COVID-19 epidemic eased there.

Taiwan-based manufacturing giant Hon Hai Precision Industry Co. announced Monday that its revenue totaled 347.65 billion new Taiwan dollars (about 11.55 billion U.S. dollars) in March, up 59.87 percent from February.

The recovery of Hon Hai, which employs thousands of workers in its mainland production bases for assembling gadgets such as iPhones, came as the mainland gradually eased COVID-19 control measures. Factories, business and logistics services started to resume operation and employees returned from quarantine in their hometowns.

Smartphone camera lens supplier Largan Precision Co. Ltd. also reported revenue of 5.44 billion new Taiwan dollars in March, the highest over the past four months and year on year.

Electronics component supplier LandMark Optoelectronics Corp reported its March revenue of 200 million new Taiwan dollars, up 10.94 percent over February and 112.27 percent year on year, the highest over the past seven months.

According to the Taiwan Stock Exchange Corporation, listed semiconductor firms in Taiwan reported an average monthly growth of 21.55 percent in revenue last month, while the monthly revenue growth of listed computer firms stood at 47.11 percent and that of optoelectronics companies reached 36.44 percent.