Taiwan’s Elan Microelectronics Corp., a leading touch IC supplier, is projecting first-quarter revenue of NT$3-3.2 billion (US$93-100 million) as notebook-related orders continue to flow despite the traditionally slow season. The company attributes this stronger-than-expected performance to customers building inventory ahead of potential US tariff changes.
Elan reported record earnings in 2024, with net income reaching NT$2.74 billion (US$85.6 million), up 27.7% year-on-year, on revenue of NT$12.7 billion (US$396.9 million). This translated to earnings per share of NT$9.57, marking the company’s third-best annual performance historically.
Management indicated that despite fewer working days and seasonal consumer weakness, first-quarter orders remain robust with dynamic weekly adjustments from customers concerned about tariff implications. Touch screen products are showing the strongest sequential growth among the company’s product lines.
Looking ahead to 2025, Elan is optimistic about AI PC growth after lower-than-expected adoption in 2024. The company projects AI PC penetration rates will reach 20-40% this year, driven partly by Microsoft’s planned end of Windows 10 support in October 2025, which could prompt upgrades from an estimated 240 million users still on the older operating system.
Elan plans to showcase its expanded touch IC solutions, including integrated fingerprint recognition features, at Computex 2025 in Taipei, including automotive applications of its technology.
