LITE-ON Technology announced consolidated revenue of NT$11.59 billion for February 2022.

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Unedited press release follows:

LITEON Technology Reports Consolidated February Sales of NT$11.59 billion, up 11%Y-o-Y

2022/03/08 — LITEON Technology (2301-tw) today reported its February consolidated revenue of NT$11.59 billion, up 11% Y-o-Y; down 20% M-o-M, due to fewer working days over the Lunar New Year holiday. Thanks to continuous optimization of product mix and the stable demand from its core business, cumulative sales for January and February totaled NT$26.09 billion, up 7% Y-o-Y.

Opto-electronics business contributed a 23% share of total sales, of which, the ongoing demand growth from LITEON’s worldwide No.1 shipment photocouplers used in industrial automation, power supply and green energy applications; smooth delivery of high-end Mini LED and sensor modules applied in wearables, AR/VR devices, coupled with delivery growth of LED vehicle lighting, Opto-electronics business posted a yearly growth around 10%.

Cloud & AIoT business contributed a 30% share of sales, which already accounted for 30% of revenue for consecutive two months. Thanks to delivery growth from high-end datacenter server and networking power management systems for cloud computing, and power supplies for AI smart home devices, Cloud & AIoT posted a yearly growth of 12%.

Information Technology & Consumer Electronics business accounted for 47% of sales, of which, Notebook PC power adapters, gaming power supplies, IT keyboards and mice, as well as laser models of multi-function peripherals presented a growth of 12% Y-o-Y