Thinking Electronic Industrial, a Taiwan-based maker of circuit protection components, on December 5 reported consolidated revenues of NT$371 million (US$12.3 million) for November, growing by 7.25% on month but dropping by 2.59% on year.

Thinking Electronic saw January-November consolidated revenues of NT$3.937 billion decrease by 0.54% on year.

Thinking Electronic currently utilizes 80-90% of its production capacity and has orders visible for 3-4 weeks forward, the company indicated. Based on historical data, Thinking Electronic expects consolidated revenues for December to slip sequentially by 5-15% and those for the first quarter of 2012 to dip on quarter by 10-15%, the company noted.

Due to an uncertain business outlook, Thinking Electronic has slowed down construction of a factory in China, with completion of construction in the first phase delayed until the end of 2012, the company pointed out.

Source:digitimes