GPM got NT$610 million revenues in November

Taiwan semiconductor and panel equipment maker Gallant Precision Machining (GPM), reported November revenues of NT$610 million (US$20.3 million), which was of NT$319 million in October. GPM's revenues for the first 11 months of 2010 increased 57.4% from a year earlier to total NT$2.96 billion. The company estimated its equipment for panels, solar energy products and semiconductor would account for 40%, 25% and 25%, respectively, of 2010 revenues.

GPM mainly produced back-end automation solutions for the semiconductor industry, and supplied equipment for the FPD and LED industries. Also, the company made equipments for the production of solar cells.

The company estimated the revenues would grow 20-30% in 2011, not include the revenues from the semiconductor business sales. At present, the company had transferred its semiconductor business to Gallant Micro Machining (Suzhou), its wholly-owned subsidiary in China specializing in semiconductor manufacturing equipment.

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