Digitimes: PrimeSensor Technology, a joint venture of Pixart and UMC, has posted revenues of about $14.6M in the first three quarters of 2010. PrimeSensor also posted net profits of over $330K with a gross margin of 10-11% during the January-September period.
Its mother company Pixart saw third-quarter 2010 revenues decline 17.7% sequentially. Pixart's fourth-quarter revenues could see another 30% sequential decrease, according to company chairman Huang Sen-huang. Pixart's gross margin is expected to slide to 42-43% in the fourth quarter due to declining shipments of high-margin gaming products, and the appreciation of the NT dollar.