(Image: LEDinside)

LITE-ON Technology reported November consolidated revenue of NT$18.53 billion, up 5% M-o-M and decreased 13% Y-o-Y. Cumulative sales for January and November totaled NT$ 196.55 billion supported by stable end-demand from core businesses.

Optoelectronics business segment contributed a 19% share of total sales. Thanks to the growing demand from invisible LED, ongoing market share gains in LED components, smooth delivery of LED vehicle lighting, coupled with street lighting’s increased shipment to Middle East market, overall LED related products posted a growth of approximately 20% Y-o-Y.

Information Technologies business accounted for 58%, of which, Power Supply revenue posted a growth of approximately 20% Y-o-Y driven by ongoing delivery growths of high-end server and networking power management systems for cloud computing as well as power supplies for AI Smart Home devices. Moreover, market share gains in HIS (Human Input Solutions - PC Keyboards and Peripherals), and delivery growth in laser models of Multi-Function Peripherals also supported Information Technologies to achieve a revenue growth of 6% Y-o-Y in November. Meanwhile, the Storage segment accounted for 15% of total revenue.