Acer Records ¥510M in Sept to Launch AI Speech Synthesis Service in Q4

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Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

Taiwanese multinational hardware and electronics company, Acer has revealed today that it recorded a total sum of 510 million yuan in profits in September, and also plans to launch the AI Chinese speech synthesis service Yousheng in the fourth quarter to target the personal and enterprise markets. The fourth quarter pushes new sound products to estimate the volume next year

This was disclosed by the company’s Chief Financial Officer and Spokesperson, Chen Jiannan, at a new product launch conference held today in Taiwan. According to him, the fourth quarter pushes new sound products to estimate the volume of next year

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In his words: “This year is the first year of sound, and the AI Chinese speech synthesis service Yousheng will be launched in the fourth quarter to target the personal and enterprise markets. Next year is expected to bear fruit. Looking forward to the fourth quarter, we are optimistic about the strong growth momentum of the production line application and the cabinet business group, which is expected to drive the growth of operations.”

Acer’s September Revenue

Hongzheng’s revenue in September increased by 10.8% monthly and 19.2% on an annual basis, setting a record for the second-highest revenue in a single month. Revenue for the third quarter was 1.368 billion yuan, up 6.1% quarterly and 7.7% annually over the first three quarters combined.

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Its revenue increased by 4.5% annually to 3.89 billion yuan, mostly due to smart manufacturing, better-than-anticipated demand from US OEMs for goods, and continuing development in total IT architecture solutions.

According to Chen Jiannan, the 9% annual growth rates in Asia and the Americas and the 11% annual decline in Europe are the two sales regions. Currently, certain project shipments are scheduled for October, and it is anticipated that performance will improve from the same time last year.

Acer Hope For More Profit in Q4

Despite being high, the base period in November and December of last year wasn’t bearish. The fourth quarter has a chance to surpass the third quarter, and the entire year is anticipated to surpass the record high of 5.173 billion yuan set in 2018.

Chen Jiannan emphasized that the weaker Taiwan currency does have advantages in terms of the exchange rate. Currently, 30% of Hongzheng’s revenues are made in euros, 8% in Japanese yen, and around 50% of them are made in US dollars. As long as the US currency remains strong, it is predicted that the third, After quarterly deduction of cabinets from other enterprises, the industry’s gross profit margin has increased to above 60%.

Acer To Launch Chinese AI Speech Synthesis Service in Q4

Acer Auto Technology’s senior deputy general manager, Lin Yongda, expressed optimism about the sound market’s future growth. The rise of the virtual world, which will increase demand for virtual reality applications, will be fueled by the general trend of AI. Tainan has been around for six years.

The research and development facility has begun to focus on technology connected to AI. In the fourth quarter, Hongzheng You Acoustics, the most well-liked AI Chinese speech synthesis service in Taiwan, is anticipated to start.

Yousheng, which is short for high-quality sound learning and refers to a text-to-speech service that uses AI to quickly imitate human voices, was brought up by Lin Yongda. The application level can use sound to create a fundamental link between users’ virtual and real worlds or make use of Acer’s proprietary AI technology.

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