LITE-ON Technology Reports October 2023 Sales

Posted by on

LITE-ON Technology announced consolidated revenue of NT$12.2 billion for October 2023.

For more information visit: www.liteon.com

Unedited press release follows:

LITEON Technology Reports Consolidated October Sales of NT$12.2 Billion

LITEON Technology (2301-tw) today reported its October consolidated revenue of NT$ 12.2 billion, down 13% M-o-M and down 13% Y-o-Y, excluding sales of the transferred image business. Thanks to continuous growth from high-value core businesses of power management in cloud computing & advanced server, cumulative sales for January to October totaled NT$123.7 billion.

Opto-electronics Business contributed a 20% share of total sales, of which, stable demand seen in LITEON’s worldwide No.1 shipment photocouplers, LED vehicle lighting and sensor applications.

Cloud & AIoT Business contributed a 33% share of sales. High-end datacenter server and networking power management systems for cloud computing posted smooth delivery.

Information Technology & Consumer Electronics Business accounted for 47% of sales, of which, ongoing product optimization and the demand in high-end power shipments maintain solid.