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LITEON Technology reported its July consolidated revenue of NT$14.8 billion (US$497 million), up 1.07% M-o-M and 8% Y-o-Y, hitting a record high of the same period in 3 years, as a result of ongoing demand from data center in cloud computing and automotive electronics. Thanks to continuous optimization of product mix and the stable demand from its core business, cumulative sales for January to July totaled NT$ 99 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 6%.
Cloud & AIoT business contributed a 34% share of sales, a record high in 2022, which already accounted for over 30% of total revenue for seven 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 around 30%.
Information Technology & Consumer Electronics business accounted for 46% of sales, of which, market demand from the high-end Notebook PC power adapters, gaming power supplies, as well as laser models of multi-function peripherals supported a consecutive yearly growth.