/PRNewswire/ The "Direct Current Power System Market Report" has been added to Technavio s offering. The direct current power system market size is expected.
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Industrial production rises for 15th month in row
‘SPORADIC CASES’: More than half of manufacturers in a survey said they expect the positive trend to extend into this month, despite a local outbreak of COVID-19
By Lisa Wang / Staff reporter
The industrial production index last month rose for the 15th consecutive month on an annual basis on the back of rising demand for semiconductor and electronic products, due to the stay-at-home economy and demand for 5G-related devices amid the COVID-19 pandemic, the Ministry of Economic Affairs said yesterday.
On a monthly basis, industrial production and manufacturing output dropped 9.26 percent and 9.88 percent respectively, the ministry said.
Lite-On reports a record quarterly net profit of NT$4.26bn
By Angelica Oung / Staff reporter
Electronic components supplier Lite-On Technology Corp (光寶科技) on Thursday reported a record quarterly net profit of NT$4.26 billion (US$152.42 million) in the quarter ended March 31, surging 171 percent year-on-year from NT$1.57 billion driven by stable customer demand.
Earnings per share rose to NT$1.83.
Revenue expanded 26 percent year-on-year to NT$37.72 billion last quarter.
The company attributed the record quarter to stable growth of optoelectronics, automotive electronics, cloud computing, artificial intelligence of things (AIoT), notebook, PC and gaming products.
Gross margin climbed to 17.8 percent last quarter from 14.5 percent in the same period last year, the best performance since the first quarter of 2015, company data showed.
The board of directors of electronic components supplier Lite-On Technology Corp (光寶科技) has approved a cash dividend distribution of NT$3.4 per share, a record dividend translating into a cash yield rate of 6 percent, the company said yesterday.
Lite-On’s net profit hit a record at NT$10.02 billion (US$354.6 million) last year, up 7 percent year-on-year, which translates to earnings per share of NT$4.31.
COVID-19 pandemic-related demand for technology products, including notebooks and gaming devices, helped boost sales, Lite-On director of investor and public relations Julia Wang (王玉玲) said.
While COVID-19 shutdowns of vehicle plants affected the sale of the firm’s automotive electronics