"KULIM: Osram has plans to expand its new RM1.82bil LED chip manufacturing facility in Kulim Hi-Tech Park (KHTP) in two additional stages involving investment costs of up to one billion euros (RM4.9bil) including expansion of LED assembly capacities in Osram global factory alliance.
Berlien said the plan was to produce LED chips in Kulim in the medium term for premium applications, such as automotive lighting and video projection.
In comparison with the four-inch technology, the production systems for six-inch wafers produce 125% more LED chips per wafer in a single cycle, according to Berlien.
“Given our enormous recent growth rates of 19% in the LED business, we are pleased to have the new production capacities."
"Once the final phase of construction is completed in 2020 the factory in Kulim will be the largest and most modern factory for 6-inch-wafers for LED chips in the world. By 2020 the market for general LED lighting is estimated to grow up to 7% annually. With Kulim OSRAM is well placed to become the market leader in this field."
最近也有article说Inari有望在3年内又再营业额翻倍，以下是笔者摘下的重点： -While Inari is still in the mode of ramping up its capacity for iris scanners, it is also actively researching facial recognition with its client, preparing to ride on future trends in biometric authentication."
看完Inari的业务和顾客，我们可以总结Inari未来的前途就要看以下的： (1) growth continuing in RF filters, RF Chips 越来越多 (2) ramp-up of test products to Broadcom, an opportunity opened up post its merger with Avago at 2016 (3) iris scan packaging for Osram (4) steady growth in its fiber-optic business with acceleration as 5G approaches. (5) Get another new big potential client(Example: Qualcomm)
笔者从Annual Report里摘下了些重点如下： -Our improved performance was driven by higher demand in both Radio Frequency (“RF”) and opto-electronic products including the new iris scan products manufacturing that the Group added in March 2017.
Other main items contributing to the increase in the Group’s net profit of the current financial year are as follows:
-Net Foreign Exchange gain of RM14.3 million in FY2017 as compared to RM2.5 million in FY2016 derived from favourable foreign exchange rate;
-Receipt of (“R&D”) government grant of RM7.6 million as income recognised by a wholly-owned subsidiary in FY2017;
-Gain on disposal of a quoted investment of RM20.4 million registered in FY2017.
The following factors have, however, mitigated and reduced the net profit:
-Increase in depreciation by RM 16.1 million arising from capital expenditure of RM120.1 million across the Group in FY2017; and
-Increase in tax expenses by RM6.3 million due to overall increase in profit, and the expiry and subsequent renewal of tax-exempt pioneer status of a wholly-owned subsidiary.
An amount of RM119.6 million invested in capital expenditure paid during FY2017. The capital expenditure was made for the continuous expansion of facilities, increases in production capacity as well as ongoing automation and cost optimisation measures.
看了以上3个图片，就是说有增加45架tester，middle of 2018 会增加多 120,000 square的floor space，Philipines的业务在2018年做得更好和在FY 2018会有120 million 的 capex。结论就是很多Expansion，扩充Capacity，很好就是了啦。
FY 2017 的 Net Profit高达227 million，Remuneration才9 million。过关！
“Inari is a beneficiary of stronger USD and our sensitivity analysis suggests that if USD/MYR strengthens by RM0.10, our net profit estimates would decline by 0.5/1.7%/1.7% in FY17/18/19, should the company fail to pass on the cost to clients.”
“In FY2017, Inari began the study and adoption of the Industry 4.0 framework for the future and economic sustainability of its production & operations. Industry 4.0 is the name given to current trend of automation and data exchange in manufacturing technologies to create what has been termed a “smart factory”.”