Reported 8 months ago
Peng Weilin/Taipei reports at 4:10 pm on June 16, 2024, Catcher Technology, a subsidiary of TSMC, is tapping into the 3D imaging market with reports of securing orders for Metalens (ultra-clear lens) from both Apple and non-Apple camps, with mass shipments expected in 2025, positioning them to benefit directly from the thriving 3D imaging market. Catcher had May revenues of 860 million NT dollars, a 23.54% monthly increase and a 31.75% yearly increase, totaling 3.67 billion NT dollars from January to May, a 27.2% yearly increase. Analysts believe their profits will exceed the first quarter due to increased orders and capacity utilization, with expectations for revenue to further rise in the second half as U.S. customers join in orders. The CIS supplier raising prices by 10%-15% is seen as a positive for Catcher. Also, the recovery in the mobile phone market coupled with China's domestic CIS demand increase is likely to boost Catcher's market share and potentially see a record high in revenue for the third quarter.
Source: YAHOO