Apple supplier Wintek says ‘orders in Q3 are very good’ as Taiwan July export orders rebound on U.S., China demand

“Taiwan’s export orders surprisingly rebounded in July after five straight months of contraction bolstered by demand in China and the United States, pointing to stronger retail demand for Asian exporters in the third quarter,” Faith Hung and Clare Jim report for Reuters.

“‘The supply of display panels with high specifications, mostly used in tablets and smartphones, was tight in July but it’s improving this month and it’s expected to get even better in September,’ said Jay Huang, Wintek’s chief financial officer. Wintek supplies touch panel to Apple,” Hung and Jim report. “”From what we’re seeing the orders in Q3 are very good. We have many new orders from new clients for the product launch,’ he said. ‘It’s too early to tell about Q4 and Q1.'”

Hung and Jim report, “Orders from Taiwan’s two biggest markets were both up, with mainland China growing 2 percent and the United States 2.8 percent. Those from Europe and Japan contracted 1.2 percent and 10.7 percent, respectively.”

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