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LITEON Technology (2301-tw) reported its August consolidated revenue of NT$13.54 billion, up 2% Y-o-Y and down 1% M-o-M, excluding transferred Silitech, which would not be consolidated into LITEON’s financial report starting from 2021. Thanks to the stable demand from its core business, cumulative sales for January to August totaled NT$105.65 billion, up 11% Y-o-Y.
Opto-electronics business contributed a 21% share of total sales, of which, the ongoing demand growth from LED components driven by invisible LEDs used in industrial automation, 5G and AIoT applications, UV LED applied to medical, disinfection, water and air purification, smoothly delivery of high-end Mini LED, supported Opto-electronics a growth of 7% Y-o-Y in August.
Cloud & AIoT business contributed a 28% share of total sales. Thanks to delivery growth from high-end datacenter server and networking power management systems for cloud computing, Cloud & AIoT posted a growth of 4% Y-o-Y.
Information Technology & Consumer Electronics business accounted for 51% of total revenue, of which, the demand growth from Notebook PC power adapters, keyboards, mice and peripherals supported a consecutive yearly growth.