The rise in manufacturing firms' profits in the first three months of the year from the same period last year reflected increased profitability in the wafer foundry sector, signs of a turnaround in the solar industry and the steady recovery of DRAM chipmakers, the ministry said in a statement.
According to the ministry, the total revenue of manufacturing firms listed on either the
"Total revenue in the computer, electronics and optoelectronics industries rose 2.9 percent annually in the first quarter, on the back of the ongoing global economic recovery and strong demand for consumer electronic products," the ministry's statement said,
"In the electronic components sector, total revenue increased 3.8 percent year-on-year in the first quarter thanks to rising demand for mobile devices, which continuously drove up production in the wafer foundry and semiconductor packaging supply chains," it added.
The latest batch of government data came as industry watchers said listed firms' improved first-quarter results were led by the upstream technology sector — especially semiconductor firms — and selective hardware components suppliers.
Meanwhile, optical lens makers — led primarily by
Most Popular Stories
- James Foley Beheading Video Is Real Thing: White House
- McDonald's Packages Coffee for National Distribution
- Apple Stock Bounces Back Big Time
- Faith Groups Divest From Fossil Fuels
- Notes From the July FOMC Meeting
- Castro-Blanco Joins Fifth Street Finance Board
- Honda's Safe Approach Pays Off in Sales
- GE Healthcare Bringing Jobs to Massachusetts
- Ballmer Steps Down From Microsoft Board
- Target Slashes Annual Profit Outlook