The Business Times
business-time-50
TOPLINE
·
SUBSCRIBERS

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

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Affected staff who cannot be redeployed will be given transition support, including severance payments and career transition services.

    Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh

    On Sunday, GameStop offered US$125 a share in cash and stock for eBay.

    GameStop CEO says eBay shut his account after buyout funding stunt

    The opening of Tim Ho Wan's 10th outlet at Mikiki Mall in Kowloon, Hong Kong in February. The chain has more than doubled its network of stores in the city in the past year.

    Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition

    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