Delta Electronics projects strong revenue growthBy Chen Cheng-hui / Staff reporterPower and thermal management solutions provider Delta Electronics Inc (台達電) on Friday said it aims to achieve double-digit percentage growth in revenue this year, but warned of headwinds ahead as COVID-19 lockdowns in China cause supply chain disruptions, affecting business at its automation unit in particular. The logo of Delta Electronics Inc is displayed at the Computex exhibition in Taipei on May 30, 2020. The power electronics segment was the biggest driver of Delta’s business, generating revenue of NT$49.24 billion, making up 60 percent of its total revenue in the first quarter. By product, automotive electronics reported the highest growth, as the company had landed orders for electric vehicles years earlier and was less affected by external changes, Delta said. Demand for electronic components for servers and data centers remained robust last quarter, as electronics manufacturing service providers continued to demand supplies to fulfill orders, Delta said.

Source: Taipei Times May 01, 2022 20:32 UTC