Lite-On revenues rise on demand for cloud computing

PERSONNEL CHANGE::Lite-On also announced the retirement of its vice chief executive, K. C. Terng, who was praised for reorganizational efforts

By Camaron Kao  /  Staff reporter

Thu, Feb 14, 2013 - Page 5

Lite-On Technology Inc (光寶科技), the nation’s second-largest power unit supplier, said revenue grew 28 percent year-on-year last month to NT$10.39 billion (US$351.19 million) on increased demand for its components, primarily used in cloud-computing servers.

Lite-On made NT$8.14 billion in January last year, according to the company’s statistics posted on its Web site. On a monthly basis, the figure was down 5.29 percent from December last year’s NT$10.97 billion.

Revenue from its power supply products increased 16 percent from the previous year, driven by increasing demand for high-end power management systems, Lite-On said in a statement released earlier this month.

The company attributed the increase to steady demand for servers, networking equipment and mobile products that support cloud computing, Lite-On said.

Revenue from camera modules grew more than 80 percent year-on-year because of capacity expansion and market share gains in the smartphone and tablet sectors, the company said.

Sales of keyboards, mouses and PC peripherals also registered year-on-year growth because of Lite-On’s rising global market share.

The company’s shipments of keyboards for tablet PCs also increased last month compared with a year ago, the report said.

Revenue at the company’s optoelectronics division also posted year-on-year growth of more than 60 percent, the report said.

Sales of LED lighting products increased by almost 30 percent from the previous year, boosted by a one-fold increase in sales of LED lighting components, the company said.

Separately, Lite-On said vice chief executive K. C. Terng (滕光中) had retired because of health problems after relinquishing the chief executive post on Feb. 13 last year. The personnel change took effect on Feb. 8.

Lite-On chairman Raymond Soong (宋恭源) said in the company’s statement that Terng had contributed a lot to the company. Terng helped the company through critical phases of reorganization, reconstruction and expansion, and he also helped the firm grow its profits, Soong said.

Lite-On would welcome Terng back to work after his condition improves, Soong said.