Gallant Precision Machining (GPM), which mainly makes equipment for semiconductor and panel manufacturing, has announced revenues of NT$610 million (US$20.3 million) for November 2010. The figure showed significant growth compared to the NT$319 million posted in October.

GPM mainly produces back-end automation solutions for the semiconductor industry, and also supplies equipment for the FPD and LED industries. The company has diversified into the manufacturing of equipment for the production of solar cells.

GPM projects revenues to grow 20-30% in 2011, without including sales generated from its semiconductor business. Visibility on orders from the panel and solar sectors appears brisk, the company said.

GPM recently spun off its semiconductor business to Gallant Micro Machining (Suzhou), its wholly-owned subsidiary in China specializing in semiconductor manufacturing equipment.

GPM's revenues for the first 11 months of 2010 increased 57.4% from a year earlier to total NT$2.96 billion. The company was quoted as saying in previous reports that sales of its equipment for panels, solar energy products and semiconductor would account for 40%, 25% and 25%, respectively, of 2010 revenues.

Fellow equipment supplier Mirle Automation collected NT$555 million in November 2010 revenues, up 3.2% on month. Revenues from January through November were NT$4.83 billion, rising 70.3% from the same period of 2009.