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LITEON Technology reported its June consolidated revenue of NT$14.6 billion, up 1 % M-o-M and 9% Y-o-Y, hitting a record high of the same period in 3 years, as a result of ongoing shipment recovery on supply chain from gradual lifting lockdown of China. Thanks to continuous optimization of product mix and the stable demand from its core business, cumulative sales for January to June totaled NT$ 84.2 billion, up 7% Y-o-Y.
Opto-electronics business contributed a 20% share of total sales, of which, stable demand from LITEON’s worldwide No.1 shipment photocouplers used in industrial automation, high-end power supply and green energy advanced applications; coupled with delivery growth of the electronic vehicle chargers and LED vehicle lighting, Opto-electronics business posted a yearly growth of 5%.
Cloud & AIoT business contributed a 32% share of sales, which already accounted for over 30% of total revenue for six consecutive months. Thanks to the delivery growth from high-end datacenter server and networking power management systems for cloud computing, as well as power supplies for AI smart home devices, Cloud & AIoT posted a yearly growth of around 10%.
Information Technology & Consumer Electronics business accounted for 48% of sales, of which, market demand from the high-end Notebook PC power adapters, gaming power supplies, IT keyboards and mice, as well as laser models of multi-function peripherals presented a growth of 10 % Y-o-Y.