All data are based on the daily closing price as of January 9, 2025

ASASUSTeK US December Revenue Jumps 32% on PC, Server Growth

The company's server business hits five-year target ahead of schedule
Taiwan
a 2357.TW Blue Chip 150 Tech 350
Share this on

ASUSTeK Computer Inc. reported strong December sales with revenue reaching NT$47.4 billion ($1.5 billion), marking a 32% increase from the previous year, though dropping 14.5% from November. The Taiwanese tech giant’s brand revenue climbed 33.4% year-on-year to NT$42.8 billion ($1.36 billion).

The company wrapped up 2023 with total revenue of NT$585.9 billion ($18.6 billion), showing a 21.2% improvement from 2022. Brand revenue for the full year rose 22.2% to NT$547.3 billion ($17.4 billion).

ASUSTeK chairman Jonney Shih noted that while 2024 might not match the company’s record-setting performance of 2021, it’s positioned to deliver its second-best results ever. The server division achieved its five-year growth target of quintupling revenue in just half the projected time, reaching the milestone in early 2024.

The company’s AI-powered Copilot+ PC lineup currently represents a small portion of overall sales, but ASUSTeK plans to expand this segment through partnerships with chip manufacturers. This move aligns with the broader industry push toward AI-enabled computing devices in 2024.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top