LITEON Technology Reports Consolidated February Sales of NT$10.4 Billion, Up 32% YoY

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LITEON Technology reported its February consolidated revenue of NT$ 10.4 billion, up 32% Y-o-Y, and down 26% M-o-M, excluding transferred SSD and Silitech, which would not be consolidated into LITEON’s financial report starting from 2021. The sequential decrease was mainly impacted by the Chinese New Year holiday shutdown. Thanks to the stable demand from its core business, cumulative sales for January and February totaled NT$24.48 billion, up 32% Y-o-Y.

Opto-electronics business contributed a 24% 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, coupled with delivery growth of LED vehicle lighting supported Opto-electronics a growth of approximately 40% Y-o-Y in February.

Information Technologies & Consumer Electronics business accounted for 50% of total revenue. Thanks to the strong demand from Notebook PC power adapters and gaming power supplies, coupled with ongoing market share gain in IT keyboards and mice, Information Technologies & Consumer Electronics posted a consecutive yearly growth.

Cloud & AIoT business contributed a 26% share of total sales, of which, the delivery growth from Datacenter server and networking power management systems for cloud computing, power supplies for AI smart home devices, and high-end sever enclosures supported Cloud & AIoT business a growth of over 30% Year-on-Year.