LITE-ON Technology Reports Consolidated October Sales of NT$17.6 Billion
LITE-ON Technology (2301-tw) today reported its October consolidated revenue of NT$17.6 billion, up 7% Y-o-Y and down 9% M-o-M, excluding the transferred mobile phone camera module business revenue, due to the impact on the national holiday shutdown in China. Thanks to stable end demand from core businesses, cumulative sales for January and October totaled NT$174.2 billion.
Opto-electronics business segment contributed a 16% share of total sales. Thanks to the growing demand from invisible LED, ongoing market share gains in LED components, coupled with smooth delivery of LED vehicle lighting, Opto-electronics business posted a growth of approximately 10% Y-o-Y.
Information Technologies business accounted for 63% of sales, of which, shipment growth of high-end server and networking power management systems for cloud computing, server enclosures and power supplies for AI smart home devices, ongoing market share gains in HIS (Human Input Solutions - PC Keyboards and Peripherals), coupled with the smooth delivery in laser models of Multi-Function Peripherals supported a yearly growth of over 10% in Information Technologies.
Meanwhile, the Storage segment accounted for 17% of total revenue. Thanks to the solid demand from cloud computing application, it showed a consecutive yearly growth in Storage.
Senior Director, Investor and Public Relations