Techpoint: On a series of media reports on production cuts in the automotive industry due to semiconductor shortages and their effects on our business (Form 8-K)
On a series of media reports about production cuts in the automotive industry due to semiconductor shortages and their effects on our business
In the past few days, various news outlets reported that the semiconductor shortage that had persisted since last year has prompted automakers to revise their new car production plans downwards due to the shortage of parts. In response to these questions, we have received increasing numbers of inquiries about the negative impact on our business. We would like to explain our current understanding.
As can be seen from the “Communication on the revision of the earnings forecast” of August 24, 2021, the demand from our customers increased in the second half of the fiscal year ending December 31, 2021 compared to the first half of the year. In fact, in the second half of the fiscal year ended December 31, 2021, our market share in the automotive camera semiconductor product market increased. Therefore, as announced in the “Communication on the revision of the earnings forecast” of August 24, 2021, we forecast a solid performance.
The share of (optional) aftermarket products in our sales of semiconductor products for the automotive industry is higher. However, new design wins and the migration to mass production of both “pre-market” (real or official) and aftermarket products are advancing, resulting in increased demand and market share.
Although semiconductor production capacities are becoming scarcer worldwide, we have also secured more than enough capacity to produce the semiconductors that we want to produce in the fiscal year ended December 31, 2021.
On this basis, we published the “Communication on the revision of the earnings forecast” on August 24, 2021 and revised our consolidated earnings forecast for the full year ending December 31, 2021 upwards. We do not currently see any circumstances that would call for a downward revision of this earnings forecast.
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Techpoint Inc. published this content on September 17, 2021 and is solely responsible for the information contained therein. Distributed by public, unedited and unchanged, on September 17, 2021 21:31:06 UTC.