The Business Times
business-time-50
TOPLINE

Strong global chip demand boosts Excelpoint

Electronics component distributor is investing in AI, IoT space to drive future growth and move up value chain.

google-preferred-sourceAdd BT as a preferred source
Published Sun, Feb 28, 2021 · 09:50 PM

    Singapore

    IN SPITE of the uncertainties brought on by Covid-19, electronics component distributor Excelpoint Technology has posted a strong rebound from earlier trade war woes.

    Its net profit for FY20 was US$10.3 million - more than six times the US$1.6 million achieved in FY19. This comes as demand for semiconductors surged on the back of accelerated technology adoption, resulting in a global chip shortage.

    Excelpoint TechSingapore manufacturingArtificial IntelligenceInternet of Things

    TRENDING NOW

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    The airport hotel’s divestment builds on the Reit’s existing capital-recycling efforts.

    OUE Reit selling Crowne Plaza Changi Airport for S$500 million; unitholders to get special payout

    From left: Acting Minister for Transport Jeffrey Siow, Deputy Prime Minister Gan Kim Yong and Acting Minister for Culture, Community and Youth David Neo meeting the media to deliver the midterm update on the Economic Strategy Review in January.

    Singapore releases Economic Strategy Review Final Report with more detailed proposals

    The portfolio optimisation will allow Frasers Property to consolidate full ownership of Fraser Suites Singapore.

    Frasers Property proposes S$2.1 billion restructuring of hospitality portfolio

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More