(Image: LEDinside)

LITE-ON Technology reported December consolidated revenue of NT$18.02 billion, decreased 3% M-o-M and 16% Y-o-Y. Cumulative sales for the entire year of 2017 reached NT$ 214.57 billion supported by stable end-demand from core businesses.

Optoelectronics business segment contributed a 21% 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 over 20% Y-o-Y.

Information Technologies business accounted for 59%, of which, Power Supply revenue posted a growth of approximately 10% 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. Meanwhile, the Storage segment accounted for 14% of total revenue.