News Summary:
Novatek signed an electromechanical contract on August 18, 2026, with Xuan Tong System Integration Co. Ltd. for NT$1365 million to construct the first-phased R&D computing center building at Tongluo Science Park. The company's board of directors approved this project on March 10, 2026, with an estimated total cost of NT$2888.58 million. Earlier, on August 12, Novatek announced its second-quarter 2026 consolidated financial results and provided a third-quarter outlook. At an investor conference on August 6, the company noted its second-quarter revenue and gross margin surpassed expectations due to robust customer orders across its three major product lines, and projected third-quarter growth from smartphone display driver integrated circuits (DDI) and Edge AI demand. This followed Novatek's investment of NT$500,000,000 in TGVest Asia Partners III (Taiwan) L.P. on August 4, 2026, an investment approved by its board as a long-term holding, which the company announced on August 5. Concurrently on August 5, Novatek approved its consolidated financial statements for the first half of 2026, reporting operating revenue of NT$51,805,401, gross profit of NT$21,196,702, and net operating income of NT$10,493,479. Total assets stood at NT$119,088,269 with equity attributable to owners of the parent at NT$68,961,060.
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