ELAN MICROELECTRONICS CORPORATION ELAN Monthly Sales Report -October 2023
ELAN Microelectronics Corp. (the Company), a leading touch controller solution provider in global NB market, announced its consolidated net sales of NT$ 1,076 million for October 2023, up 55.62% YoY & down 10.88% MoM. The main reasons were that the NB inventory destocking coming to an end, clients restarting to purchasing goods and rush orders increasing. YTD sales decreased by 14.74% YoY to NT$ 10.024 billion.
Sales for October 2023 --YoY Comparison | Unit: NT$ Thousand | |||
Year | 2023 | 2022 | YoY | |
Net Sales | 1,075,830 | 691,327 | 55.62% | |
(Consolidated) | ||||
The sales breakdown in October 2023: Touchpad Module 55%, Touchscreen Controller 14%, Fingerprint Sensor 13%, Pointstick (PST) 10%, Microcontroller 5%, and 3% from the sales of affiliates. Touch applications, including biometric applications, accounted for 82%, and non-touch applications accounted for 18%.
Until 4Q23, the NB market has experienced more than one year of destocking, and it is obvious that the inventory issue is gradually no longer the main factor of market disturbance. The NB industry returning to not only normal seasonal purchasing but also normal inventory level will help brand NB clients actively prepare goods for requests in 2024.
In the NB market in 2024, general market research institutions view the market positively as a growth trend. At the same time, integrating AI-functional hardware chips and software into NB will change the long-standing traditional ecology of the NB market to improve the individuals' or enterprises' productivity demands which are the focuses of the NB industry chain in 2024.
ELAN will continue to focus on "content value increase", through existing AI technology to integrate AI functions, algorithms and data to provide better total solutions, which will raise our chips or modules prices to drive up the operating efficiency.
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Contacts： | |||
■ | Spokesperson： Dennis Liu | E-mail: dennis_liu@emc.com.tw | |
■ | IR Contact： | Emily Chiang | E-mail: emily@emc.com.tw |
Zoe Hsieh | E-mail: zoe.hsieh@emc.com.tw |
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Elan Microelectronics Corp. published this content on 06 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2023 10:10:47 UTC.
