LITE-ON Technology Reports January 2023 Sales

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LITE-ON Technology announced consolidated revenue of NT$10.7 billion for January 2023.

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Unedited press release follows:

LITEON Technology Reports Consolidated January Sales of NT$10.7 Billion

LITEON Technology (2301-tw) today reported its January consolidated revenue of NT$10.7 billion. As a result of fewer working days during lunar new year holiday, the revenue is down 15% M-o-M and down 22% Y-o-Y, excluding sales of the transferred image business.

Opto-electronics Business contributed a 23% share of total sales, of which, stable demand seen in LITEON’s worldwide No.1 shipment photocouplers used in industrial automation and green energy advanced applications; electronic vehicle chargers, LED vehicle lighting and ADAS camera modules posted delivery growth.

Cloud & AIoT business contributed a 32% share of sales. The demand in high-end datacenter server and networking power management systems for cloud computing as well as 5G networking applications maintain solid.

Information Technology & Consumer Electronics Business accounted for 45% of sales, of which, ongoing product optimization and high-end power adapters shipments posted smooth delivery.