Wintek gains touch panel orders from RIM and Motorola, says paper Tweet

Wintek reportedly has landed touch panel orders from Research in Motion (RIM) and Motorola and expects to turn profitable in the second quarter of 2010, according to a Chinese-language report on Economic Daily News.

Wintek, which also makes small- to medium-size LCD panels, declined to comment on the report.

The report noted that touch panels accounted for 38% of Wintek's total revenues in the first quarter of 2010 and over 50% in April, and are expected to reach 60% in the second half of 2010.

Wintek has announced consolidated revenues of NT$4.73 billion for May, up 26.98% sequentially and 137.69% on year. Consolidated revenues for the first five months of 2010 totaled NT$16.04 billion, up 65.7% on year.

Wintek's touch panel production has yet to reach full capacity, and its plant in Dongguan, China will complete a capacity expansion project in the third quarter of 2010 covering production from front-end ITO films to back-end modules, market sources noted.

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