Universal Microwave Technology Inc.. expects its revenue to surge 50% in 2025, driven by rising demand for low-Earth orbit satellite components as major US clients move away from in-house manufacturing.
The microwave and millimeter-wave component maker has secured NT$1.4 billion (US$44 million) in satellite orders this year, with NT$1 billion already shipped. The company projects satellite-related shipments to nearly double to NT$2 billion in 2025.
Chairman Chen Shu-min said 2024 marks a pivotal year for the satellite business, with signed orders expected to fuel growth through 2026. One key US client has significantly increased orders for 2025, offering multiple years of steady business, according to CEO Wu Dong-yi.
Universal Microwave’s revenue for the first 11 months of 2024 reached NT$2.1 billion, up 46% year-over-year. Satellite products account for 43% of sales, while RF antennas and 4G/5G network equipment contribute 26% and 23% respectively.
The company’s expansion into Southeast Asian manufacturing capacity positions it to capture more outsourcing opportunities from US satellite operators, Wu added. The firm also expects 15-20% growth in its telecom equipment business as North American, European and Indian markets accelerate network buildouts.
