TMCnet News
Hon Hai, Pegatron, TSMC work at full speed for iPhone 6(Taiwan News Via Acquire Media NewsEdge) Apple's iPhone 6 and the slightly bigger iPhone 6 Plus have finally received approval to be sold on the mainland and will be available from October 17. Institutional investors indicated that Hon Hai Precision (2317) and Pegatron Corp. (4938) assembly line workers in China will be working during the weeklong national holidays under request to supply a total of 6 million units of iPhone 6 and iPhone 6 Plus in two weeks. The Ministry of Industry and Information Technology announced on its website ahead of the holidays that four models of Apple's new smartphones had passed tests and been issued a telecoms network access license. Apple's mainland website announced that preorders for the iPhone 6 will kick off from October 10 and hit shelves on 17. Institutional investors indicated that the iPhone 6 Plus assembled by Hon Hai is technically more difficult to make. An estimated 500,000 units will be available in the first wave of supply in mainland China, which is expected to bring on buying spree. For the iPhone 6, which is rumored to be manufactured by Hon Hai and Pegatron, institutional investors said that the high yield rate at Pegatron means a smoother supply of iPhone 6 in the following months in the mainland. Apple's Online Store still shows a 710 day shipping estimate for new iPhone 6 orders and a 34 week delay for new iPhone 6 Plus orders in the U.S. Hon Hai and Pegatron benefit from the news on Wednesday with the former rebounding 2.5 percent to settle at NT$98.40 and the latter climbing 2.14 percent to close at NT$55.70. Also according to the Chineselanguage Economic Daily News, Taiwan Semiconductor Manufacturing Company (TSMC) (2330) has been running at full capacity to produce chips for the Apple iPhone 6, which is powered by an A8 processor from TSMC. This Taiwanbased foundry house declined to comment on individual clients. The industry sources noted that TSMC demanded more materials from its suppliers to improve its capacity. TSMC share price climbed 1.25 percent to close at NT$121.5 on Wednesday. |