LITE-ON Technology announced consolidated revenue of NT$15.4 billion for August 2022.
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Unedited press release follows:
LITEON Technology Reports Consolidated August Sales of NT$15.4 billion, up 14% Y-o-Y, A Record High of the Same Period in 3 Years
2022/09/07 — LITEON Technology (2301-tw) today reported its August consolidated revenue of NT$15.4 billion, up 4% M-o-M and 14% Y-o-Y, hitting a record high of the same period in 3 years, as a result of ongoing demand from data center in cloud computing and automotive electronics. Thanks to continuous optimization of product mix and the stable demand from its core business, cumulative sales for January to August totaled NT$ 114 billion, up 8% Y-o-Y.
Opto-electronics business contributed a 19% 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 34% share of sales, a record high in 2022. 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 over 20%.
Information Technology & Consumer Electronics business accounted for 47% of sales, thanks to the solid growth of high-end power adapters shipments and the sequentially optimized product portfolio in the peripherals, all supported a yearly growth over 10%.