Source: DigiTimes news
Chilisin Electronics has reported consolidated revenues of NT$7.71 billion (US$248.3 million) for the first half of 2019, up 4.5% on year. The passive component vendor is optimistic about its performance in the second half of this year, citing more favorable market conditions.
Chilisin indicated that the company has seen chip resistor demand pick up recently as inventory correction in the industry supply chain is near its end. Meanwhile, power inductor demand for automotive, AI and 5G applications continues to ramp up.
Chilisin disclosed June consolidated revenues of NT$1.34 billion, which consist of revenues generated from subsidiaries including Mag.Layers Scientific Technics, Magic Technology, Ralec Electronic and Ferroxcube.
Chilisin itself generated revenues of NT$503 million in June 2019, up 0.2% sequentially but about 11% from a year earlier, while subsidiary Mag.Layers saw its June revenues increase 2.5% on month and 1.5% on year 7.1% on year to NT$261 million. Both Chilisin and Mag.Layers specialize in power inductors.
June revenues at Magic Tech, specializing in high-efficiency power inductors for niche-market applications, fell 9.8% sequentially and 15.9% from a year ago to NT$122 million.
Chip resistor maker Ralec posted June revenues of NT$279 million, up about 2% on month but down 61.3% from a year earlier, while revenues at ferrite cores supplier Ferroxcube decreased 15.2% sequentially and 12.6% on year to NT$171 million.
