Touch panel maker Wintek is expected to see its profits and gross margin continue to improve in the fourth quarter of 2011, buoyed by increasing shipments of one glass solutions (OGS), according to industry sources.

Smartphone vendor HTC has decided to adopt Wintek's OGS solutions for its 10.1-inch tablet PCs in addition to smartphone applications, said the sources, noting that Wintek's clients in Japan and China will also begin to adopt the OGS solutions in the fourth quarter.

Shipments of OGS solutions will account for 5% of Wintek's total revenues in the October-December period, the sources estimated.

Wintek managed to swing back to profitability in the third quarter with a net profit of NT$260 million (US$8.43 million), while its gross margin strengthened from 4.7% in the second quarter to 5.3% in the third quarter, according to company data.

Source:digitimes