Yageo chairman Pierre Chen, right, speaks to reporters at a press briefing in New Taipei City’s Shenkeng District yesterday. Photo: Lisa Wang, Taipei Times“I believe Yageo’s revenue and profit will continue to grow after combining [revenue] from Kemet Corp starting from July,” Chen said. As they are niche products, the acquisition of Kemet would help Yageo ride volatility in the consumer electronics industry, Chen said. More than 60 percent of Yageo’s revenue came from consumer electronics, smartphones in particular, he said. Yageo would not relocate production capacity out of China, despite trade difficulties and a technology race between Washington and Beijing, it said.

Source: Taipei Times June 05, 2020 15:56 UTC