LITEON Technology Reports Consolidated March Sales of NT$13.4 Billion Up 22% M-o-M, 24% Y-o-Y

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LITEON Technology reported its March consolidated revenue of NT$13.4 billion. Thanks to the growth from power management in cloud computing, advanced server, and networking, the revenue is up 22% M-o-M and 24% Y-o-Y. The three major business segments: Opto-electronics, Cloud & AIoT, and Information Technology & Consumer Electronics— each posted monthly and yearly growth. The cumulative sales for January to March totaled NT$36.4 billion, up 27%, Y-o-Y.

Opto-electronics Business contributed a 18% share of total sales, of which, thanks to delivery growth from LITEON’s worldwide No.1 shipment photocouplers and infrared applications, Opto-electronics Business posted yearly growth near 10%.

Cloud & AIoT Business contributed a 43% share of sales, of which, benefiting from the delivery growth for power management systems of high-end datacenter server and cloud computing, Cloud & AIoT business posted a yearly growth near 50%.

Information Technology & Consumer Electronics Business accounted for 39% of sales, of which, with the ongoing optimized product mix and diversified application markets, as well as smooth delivery seen in advanced power supply, LEO satellite power supplies, keyboards and intelligent peripherals, Information Technology & Consumer Electronics Business posted a yearly growth over 10%.