Electronic components supplier Lite-On Technology Corp (光寶科技) on Thursday reported a record quarterly net profit of NT$4.26 billion (US$152.42 million) in the quarter ended March 31, surging 171 percent year-on-year from NT$1.57 billion driven by stable customer demand.
Earnings per share rose to NT$1.83.
Revenue expanded 26 percent year-on-year to NT$37.72 billion last quarter.
The company attributed the record quarter to stable growth of optoelectronics, automotive electronics, cloud computing, artificial intelligence of things (AIoT), notebook, PC and gaming products.
Gross margin climbed to 17.8 percent last quarter from 14.5 percent in the same period last year, the best performance since the first quarter of 2015, company data showed.
The company attributed the improvement to “product mix optimization” and “efficiency improvement.”
Optoelectronics accounted for 22 percent of sales in the first quarter, led by growth in invisible LEDs used in industrial automation, 5G and AIoT applications, it said.
UV LEDs, which are used in water and air purification devices, as well as in medical applications, also delivered growth, it said.
Overall, the optoelectronics sector grew 31 percent year-on-year, it said.
Its cloud and AIoT business contributed 25 percent of total sales, the company said.
The sector grew 20 percent year-on-year thanks to demand for server products for data centers, and networking power management systems for AI devices and servers.
The information technology and consumer electronics business accounted for 53 percent of sales, Lite-On said. The sector grew 10 percent year-on-year.
“Looking forward, thanks to increasing demand due to remote activities and the stay-at-home economy, continued shipment growth of new optoelectronics products can be expected,” Lite-On president Anson Chiu (邱森彬) said.
Chiu said that he expects “ongoing growth” to “continuously enhance overall operational performance in the second quarter.”
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet pod supplier to Taiwan Semiconductor Manufacturing Co (台積電), yesterday said it has trimmed its revenue growth target for this year as US tariffs are likely to depress customer demand and weigh on the whole supply chain. Gudeng’s remarks came after the US on Monday notified 14 countries, including Japan and South Korea, of new tariff rates that are set to take effect on Aug. 1. Taiwan is still negotiating for a rate lower than the 32 percent “reciprocal” tariffs announced by the US in April, which it later postponed to today. The
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
RSS