E Ink Holdings says that it expects its revenue to increase slightly in this quarter as demand for electronic shelf labels is on the rise, but it raises concerns about a recession in the near future which could decrease demand for e-readers and e-notebooks.
EIH is targeting to enter the US ESL market via partners next year, and it estimates that it the market in the US is 10 times bigger compared to the EU market. The company is currently not changing its capital expenditure plans for 2022 and 2023, and it plans to increase production in its production lines in Hschincu, Taiwan (and build new lines) in 2022-2025. It has decided to delay its planned new line in Guanyin.
Posted: Nov 19,2022 by Ron Mertens