Taiwanese wafer manufacturer Green Energy Technology Inc (TPE:3519), or GET, saw its revenues in October 2015 fall 13.1% year-on-year to TWD 1.35 billion (USD 41m/EUR 38m).
On a month-to-month basis, sales went up by 2.1%. In January-October 2015, GET’s revenues reached TWD 12.57 billion, which is 0.5% higher than in the corresponding period of 2014, according to the statement.
GET explained that as a result of very strong demand for its products in China and the strengthening of its partnerships with certain global customers, its wafers are currently in tight supply. Looking forward, the company said that it will continue seeking to manage and outsource additional production capacity in order to take advantage of the situation with minimum capital expenditures.
GET operates as the solar arm of Taiwanese electrical and electronic products maker Tatung Group.