Tom Soong is the son of Raymond Soong, while Chiu formerly served in the company’s optoelectronics branch. With more contributions from its cloud computing, PC and optoelectronics businesses, the company’s revenue for last quarter reached NT$41.796 billion, a quarterly increase of 28.3 percent, the statement said. By segment, the information technology unit remained Lite-On’s biggest business with a sales contribution of 68 percent last quarter. In the first half of the year, the company’s revenue dropped 13.16 percent annually to NT$74.37 billion. In the third quarter, Lite-On expects its optoelectronics, cloud computing, 5G, AIoT and gaming businesses to grow more than in the second quarter, with demand for products related to the PC sector likely to remain stable.

Source: Taipei Times August 02, 2020 15:56 UTC