May 2022 sales were the highest for May in the Yageo’s history, according to the company data.
Yageo Corp (國巨) reported consolidated last month, up 3.8 percent month-on-month revenue and 14.4 percent year-on-year, amid stable demand from major customers and an easing of COVID-19 lockdowns in China’s Kunshan and Shanghai, the company said in a statement.
Yageo Group’s products include multilayer ceramic capacitors (MLCCs), tantalum capacitors and chip resistors. It is the world’s third-largest supplier of MLCCs.
The company said it remained cautiously optimistic about its sales outlook after Kunshan and Shanghai eased their lockdowns, which had allowed its customers to resume operations and restart shipments.
“Overall, the production and operations of the company’s plants in China remain normal,” Yageo said.