Taiwanese passive component maker Yageo Corp. reported record-breaking revenue for September and the third quarter, fueled by robust demand for artificial intelligence applications. The company’s monthly sales topped NT$10 billion ($310 million) for the seventh consecutive month, signaling sustained growth in the AI sector.
September revenue reached NT$10.415 billion, up 10.1% year-over-year, while third-quarter sales hit NT$31.738 billion, marking the highest quarterly figure in Yageo’s history. The company’s nine-month revenue climbed 14.2% to NT$91.661 billion compared to the same period last year.
Yageo remains cautiously optimistic about its fourth-quarter outlook, citing gradually stabilizing client inventory levels. However, the firm acknowledges persistent uncertainties, including global inflation, interest rate fluctuations, and geopolitical tensions.
The company’s growing presence in AI supply chains, including its relationship with chip giant NVIDIA, positions it for continued expansion. Yageo estimates that AI applications currently account for about 5% of its performance, with expectations for significant future growth in this segment.
