Latest news with #ITRI
Yahoo
28-05-2025
- Business
- Yahoo
ITRI Opens UK Office and Launches Collaboration With Catapult Network
LONDON, May 28, 2025 /PRNewswire/ -- The Industrial Technology Research Institute (ITRI) unveiled its UK Office in London, marking a significant step in Taiwan-UK collaboration on technology and innovation. As ITRI's fifth international branch, following offices in the U.S., Japan, Germany, and Southeast Asia, the ITRI UK Office will serve as a strategic innovation hub to strengthen the ties between Taiwan and the UK. Held on May 28, the ITRI UK Office Opening Ceremony & Taiwan-UK Innovation Forum welcomed over 100 representatives from British industry, government, and academia to celebrate the occasion. During the event, ITRI signed a Statement of Intent for strategic collaboration with the Catapult Network. This new partnership will strengthen the connection between ITRI and the UK's leading innovation ecosystem. Minister of Economic Affairs Jyh-Huei Kuo delivered a video message to extend his congratulations, noting that the combination of Taiwan's expertise in semiconductors and ICT with the UK's substantial R&D capacity presents vast opportunities for collaboration. He added that through the Taiwan-UK Collaborative R&D Programme, a joint initiative funded by the Ministry of Economic Affairs and the UK DSIT's Innovate UK, along with the efforts of the ITRI UK Office, the collaborating partners will drive growth in technology, industry, and markets. Tsung-Tsong Wu, Chairman of ITRI, remarked that Taiwan and the UK have built a strong partnership in technology development, scientific research, and industrial innovation through years of joint R&D and talent exchange. The UK has long held a leading position in science and innovation, while Taiwan, with its strong technological capabilities, has become a key driver in the global value chain. He noted that the ITRI UK Office will serve as an effective platform for knowledge exchange, talent development, and innovation co-creation—connecting the strengths of Taiwan and the UK to accelerate technology commercialization and create global industrial value. ITRI President Edwin Liu emphasized ITRI's close partnership with the Catapult Network, including work with CSA Catapult on compound semiconductors and ORE Catapult on offshore wind technology. "Today, we're expanding our collaboration with the Catapult Network into new areas including 6G communications, quantum technologies, net-zero solutions, biomedical innovations, AI, and smart manufacturing," he said. "By combining our strengths, we'll deepen the ties between Taiwan and the UK through talent exchange, field trials, and advanced joint R&D projects. These collective efforts will foster innovation and help industries enhance their competitiveness and global presence." The event was joined by distinguished guests, including Lord Richard Faulkner of Worcester, UK Trade Envoy to Taiwan and Deputy Speaker of the House of Lords; Dr. Dave Smith, UK National Technology Adviser; Professor Julia Sutcliffe, UK Chief Scientific Adviser; and former British Office Taipei Representatives John Dennis and Catherine Nettleton. About ITRI Industrial Technology Research Institute (ITRI) is one of the world's leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan's industries from labor-intensive into innovation-driven. To address market needs and global trends, it has launched its 2035 Technology Strategy and Roadmap that focuses on innovation development in Smart Living, Quality Health, Sustainable Environment, and Resilient Society. Over the years, ITRI has been dedicated to incubating startups and spinoffs, including well-known names such as UMC and TSMC. In addition to its headquarters in Taiwan, ITRI has branch offices in the U.S., Germany, the UK, Japan, and Thailand in an effort to extend its R&D scope and promote international cooperation across the globe. For more information, please visit View original content to download multimedia: SOURCE Industrial Technology Research Institute
Yahoo
23-05-2025
- Business
- Yahoo
Global Semiconductor Forum Highlights Democratic Cooperation to Strengthen Supply Chain Resilience
Photo TAIPEI, Taiwan, May 23, 2025 (GLOBE NEWSWIRE) -- To address rising geopolitical risks and global supply chain shifts, the Industrial Technology Research Institute (ITRI) hosted the Global Semiconductor Supply Chain Partnership Forum in Taipei on May 23. In line with the government's initiative on semiconductor supply chain partnerships for global democracies, the forum explored supply chain security, global collaboration, and technological complementarity under the themes of Innovation, Security, Resilience, and Prosperity. The event brought together over 700 industry leaders and government officials, including representatives from foreign trade offices in Taiwan. President Lai Ching-te stated that in the face of challenges such as dumping practices, global democracies must work together, leveraging their respective strengths to ensure a resilient semiconductor supply chain. Taiwan, he said, is ready to serve as a key pillar of technological development in the AI era. The government is promoting supportive policies, offering financial and tax incentives, and building data centers and supercomputers to advance industrial innovation. Minister of Economic Affairs Jyh-Huei Kuo emphasized Taiwan's pivotal role in the global semiconductor ecosystem. The Ministry is encouraging global supply chain partners to invest, co-develop the value chain, and explore emerging markets. Taiwan, he noted, will also work with like-minded democracies to establish credible, self-regulating market mechanisms that safeguard trusted supply chains. The Ministry will further advance cross-border talent initiatives to link Taiwan's strong semiconductor workforce with the world and boost the competitiveness of democratic supply chain partners. 'Semiconductors are now a core strategic asset in global economic and technological competition, requiring deeply interdependent supply chains,' said ITRI President Edwin Liu. 'ITRI will focus on potential niche markets, drive key technology development, and strengthen global partnerships to enhance supply chain transparency, cybersecurity, and adaptability. We will work closely with partners worldwide—from materials and manufacturing to talent development—to explore innovation and 'blue ocean' opportunities. Our goal is to build an open, inclusive semiconductor ecosystem where all partners can create value and share in the success.' 'The United States and Taiwan share a long-standing, symbiotic relationship in the high-tech sector with semiconductors at its core,' said Jeremy Cornforth, Deputy Director at American Institute in Taiwan. He emphasized the growing two-way investment, joint efforts to strengthen supply chain resilience and technology security, and a shared commitment to building a strong and innovative global semiconductor ecosystem. Kazuyuki Katayama, Chief Representative of the Japan-Taiwan Exchange Association, noted that a resilient semiconductor supply chain requires comprehensive global collaboration—drawing on Japan and Europe's materials and equipment, the U.S.'s design, and Taiwan's manufacturing—to ensure both business success and economic security. Lutz Güllner, Head of the European Economic and Trade Office, emphasized that the EU is working closely with like-minded partners to strengthen resilient and secure semiconductor supply chains and to build robust AI infrastructure. Taiwan is a key and trusted partner in this endeavor. With TSMC's investment in Germany and growing cooperation between Foxconn and European firms in the semiconductor and space industries, the EU is committed to deepening its engagement with Taiwan. Ruth Bradley-Jones, Representative at British Office Taipei, said, 'Collaboration is at the heart of advancing and securing semiconductor and AI supply chains. The UK will continue to forge partnerships, both in pursuit of advancing semiconductor and AI innovation, and in pursuit of the policy and regulatory frameworks that underpin resilient and diversified global supply chains.' Matthijs van der Hoorn, Deputy Representative at the Netherlands Office Taipei, noted, 'The semiconductor industry is inherently global, and no country can address its challenges alone. As a key player in the global value chain, the Netherlands is committed to working with governments, businesses, and research institutions to jointly build a resilient, reliable, and sustainable chain.' Akira Amari, Honorary Chair of Japan's Parliamentary Association for Semiconductor Strategy, stated that the Japan-Taiwan alliance should serve as a starting point for like-minded countries to jointly build a resilient semiconductor supply chain, from design to manufacturing, to mitigate economic security risks and ensure stable global industrial development. The forum focused on Taiwan's strategies to enhance semiconductor supply chain resilience. The first panel emphasized the importance of alliances, markets, and talent, calling for deeper collaboration with like-minded countries, increased investment in Taiwan, and the development of derisking mechanisms and talent networks. The second panel explored challenges in advanced and mature process technologies as well as efforts to cultivate industry-ready talent at all educational levels. The third panel addressed the need for value-based alliances and the advancement of mid- to high-end process technologies amid supply chain restructuring and regionalization. About ITRIIndustrial Technology Research Institute (ITRI) is one of the world's leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan's industries from labor-intensive into innovation-driven. To address market needs and global trends, it has launched its 2035 Technology Strategy and Roadmap that focuses on innovation development in Smart Living, Quality Health, Sustainable Environment, and Resilient Society. Over the years, ITRI has been dedicated to incubating startups and spinoffs, including well-known names such as UMC and TSMC. In addition to its headquarters in Taiwan, ITRI has branch offices in the U.S., Germany, Japan, and Thailand in an effort to extend its R&D scope and promote international cooperation across the globe. For more information, please visit Media ContactAnnie Wu Office of Marketing Communications, ITRI +886-3-591-8406 aiyunwu@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Are Strong Financial Prospects The Force That Is Driving The Momentum In Itron, Inc.'s NASDAQ:ITRI) Stock?
Itron's (NASDAQ:ITRI) stock is up by a considerable 17% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Itron's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Itron is: 17% = US$255m ÷ US$1.5b (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.17 in profit. View our latest analysis for Itron Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, Itron seems to have a decent ROE. Especially when compared to the industry average of 11% the company's ROE looks pretty impressive. Probably as a result of this, Itron was able to see an impressive net income growth of 62% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place. Next, on comparing with the industry net income growth, we found that Itron's growth is quite high when compared to the industry average growth of 11% in the same period, which is great to see. Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for ITRI? You can find out in our latest intrinsic value infographic research report. Given that Itron doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business. Overall, we are quite pleased with Itron's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India Gazette
19-05-2025
- Business
- India Gazette
Taiwan's Semiconductor output expected to surge over 19% in 2025: ITRI
New Delhi [India], May 19 (ANI): Taiwan's semiconductor industry is set to witness a strong expansion in 2025, with output value expected to rise by more than 19 per cent, according to the Industrial Technology Research Institute (ITRI), as reported by Focus Taiwan. The government-supported body attributed the anticipated growth to better performance in th the IC manufacturing and IC design sectors. According to the news report by Focus Taiwan, in its latest IEK Current Quarterly Model report, ITRI projected that the output of Taiwan's semiconductor industry would reach NTD 6.33 trillion (USD210 billion) in 2025. This marks a 19.1 per cent increase from the previous year and surpasses ITRI's earlier forecast in February, which had predicted a 16.2 per cent rise to NTD 6.17 trillion. Breaking down the figures, the IC manufacturing segment is expected to record the highest growth. Its output is likely to grow 23.1 per cent year-on-year to NTD 4.2 trillion in 2025. This is higher than the previous projection of a 19.4 per cent rise. Meanwhile, the IC design segment is forecast to see a 13.9 per cent increase in output value, reaching NTD 1.44 trillion, up from the earlier estimate of an 11.3 per cent rise. Other segments are also expected to see moderate growth. The IC packaging sector is projected to generate NTD 461.5 billion in 2025, up 9 per cent from a year ago. Similarly, the IC testing segment is expected to grow by 6 per cent to NTD 212.2 billion, according to ITRI data. Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, has projected a 24-26 per cent growth in sales in 2025, driven by increased demand for advanced chip making technologies amid the rise of artificial intelligence. Analysts believe TSMC's strong performance will continue to boost the IC manufacturing and design sectors in Taiwan. In the first quarter of this year, Taiwan's semiconductor industry posted an output value of NTD 1.48 trillion. While this was a 0.4 per cent decline from the previous quarter, however it represented a significant 27.6 per cent jump from the same period last year. ITRI said that many clients placed bulk orders earlier than usual in the first quarter to avoid disruptions from U.S. President Donald Trump's unpredictable tariff policies. This strategy helped boost production during what is typically a slower period. Looking ahead, ITRI expects Taiwan's IC industry to generate NTD 1.53 trillion in output in the second quarter, reflecting a 20.6 per cent increase year-on-year and a 2.9 per cent rise from the first quarter. (ANI)
Yahoo
15-05-2025
- Business
- Yahoo
ITRI Q1 Earnings Call: Margin Expansion and Software Growth Offset Revenue Miss
Resource management provider Itron (NASDAQ:ITRI) missed Wall Street's revenue expectations in Q1 CY2025, with sales flat year on year at $607.2 million. On the other hand, the company expects next quarter's revenue to be around $610 million, close to analysts' estimates. Its non-GAAP profit of $1.52 per share was 15.3% above analysts' consensus estimates. Is now the time to buy ITRI? Find out in our full research report (it's free). Revenue: $607.2 million vs analyst estimates of $614.1 million (flat year on year, 1.1% miss) Adjusted EPS: $1.52 vs analyst estimates of $1.32 (15.3% beat) Adjusted EBITDA: $87.93 million vs analyst estimates of $83.5 million (14.5% margin, 5.3% beat) Revenue Guidance for Q2 CY2025 is $610 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $1.35 at the midpoint, above analyst estimates of $1.29 Operating Margin: 12.6%, up from 10.4% in the same quarter last year Free Cash Flow Margin: 11.1%, up from 5.7% in the same quarter last year Market Capitalization: $5.19 billion Itron's first quarter performance was shaped by favorable shifts in product mix and continued operational execution, as highlighted by CEO Tom Deitrich. The company saw expansion of gross margins and operating efficiency, particularly due to disciplined manufacturing and customer demand for its grid edge intelligence platform. CFO Joan Hooper pointed to record margins in Device Solutions and improved recurring revenue in Outcomes as supporting factors for margin growth, despite revenue coming in flat compared to the prior year. Looking ahead, management noted that expected tariff impacts and a stable demand environment are key themes for the remainder of the year. Deitrich acknowledged the fluid tariff landscape, estimating a $15 million EBITDA effect for 2025, but emphasized that mitigation strategies and ongoing supply chain adjustments should help maintain margin strength. Hooper added that recurring software revenue and disciplined capital allocation remain top priorities as Itron navigates macroeconomic and trade uncertainties. First quarter performance was driven by a favorable product mix, margin expansion, and continued demand for advanced grid intelligence solutions. Management emphasized operational discipline, recurring software growth, and resilience to evolving trade policies. Margin Expansion Through Product Mix: Gross margin reached a quarterly record, supported by a shift toward higher-margin products in Device Solutions and Outcomes. Portfolio pruning and a move away from legacy electric offerings contributed to improved profitability. Software and Recurring Revenue Growth: Outcomes segment revenue grew 14% year-over-year, with management highlighting four consecutive quarters of double-digit growth. Recurring software licenses made up approximately 70% of Outcomes revenue, with an ultimate goal of reaching 80%. Grid Edge Platform Adoption: Customer adoption of Itron's distributed intelligence and grid edge platforms continued, with 14.4 million endpoints shipped and another 10 million-plus in backlog. Key utility projects—including those with FirstEnergy and Public Service Company of New Mexico—drove demand for solutions that enhance outage detection and infrastructure agility. Tariff and Supply Chain Management: The company's regional supply strategy, including significant manufacturing in the U.S. and USMCA-compliant sourcing from Mexico, is helping to mitigate tariff impacts. Management estimates a $15 million net EBITDA impact from current tariffs for 2025, with most of the cost expected in the second half of the year. Constructive Regulatory Environment: Management described a supportive regulatory backdrop for utility software purchases, with the majority of states enabling rate-base inclusion for software and performance-based rates, facilitating ongoing Outcomes segment growth. Management's outlook for the next quarter and the remainder of the year centers on navigating tariff headwinds, sustaining margin improvements, and driving recurring software revenue growth, while acknowledging macroeconomic and regulatory uncertainties. Tariff Impact Mitigation: Itron is focused on offsetting anticipated tariff impacts through regional manufacturing, sourcing flexibility, and selective pricing adjustments, aiming to minimize disruption to margins and profitability. Recurring Revenue Expansion: Strategic emphasis remains on growing the Outcomes software segment, with management targeting a higher proportion of recurring revenue and ongoing margin expansion through product mix and operational leverage. Stable Utility Demand: The company sees steady customer demand for infrastructure modernization and grid intelligence solutions, although management noted that broader macroeconomic shifts could affect order timing or project execution later in the year. Noah Kaye (Oppenheimer): Asked if tariff headwinds would alter full-year guidance; management said it is too early to update, but current mitigation keeps guidance on track. Ben Kallo (R.W. Baird): Questioned regulatory progress on utilities capitalizing software; Tom Deitrich pointed to positive trends and mechanisms in most states enabling inclusion in rate bases. Jeff Osborne (TD Cowen): Inquired about the timing of tariff cost impacts and CapEx implications; management expects most tariff costs in the year's second half and no material change to capital expenditures. Joe Osha (Guggenheim): Sought clarity on margin sustainability in Outcomes after strong results; Joan Hooper said margins will fluctuate with software mix but expects year-over-year margin growth. Chip Moore (ROTH Capital Partners): Asked about capital allocation priorities; Joan Hooper indicated acquisitions to expand software capabilities are the top focus, with active exploration of potential deals. In the coming quarters, the StockStory team will closely monitor (1) the pace of recurring revenue growth in the Outcomes segment, (2) the effectiveness of tariff mitigation strategies as new trade measures are implemented, and (3) ongoing customer adoption of Itron's grid edge and distributed intelligence solutions. We will also watch for updates on potential software-focused acquisitions, which could accelerate recurring revenue and margin expansion. Itron currently trades at a forward P/E ratio of 20.7×. Should you double down or take your chips? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
