MAJOR CHANGES: The passive components industry is shifting with a range of new applications driving the industry to a boom that is more diverse than that seen in 2000

Taipei Times
Date: Mar 09, 2018
By: Lisa Wang  /  Staff reporter

Yageo Corp (國巨), the world’s biggest chip resistor supplier, yesterday posted a record-high net profit of NT$3.02 billion (US$103.2 million) for the last quarter, attributed to price hikes and growing demand for high-margin products for automotive and industrial devices.

Net profit was 2.46 times that of the NT$1.23 billion made the previous year and jumped 70.62 percent from NT$1.77 billion in the third quarter last year.

Yageo expects the uptrend to extend into this year and the next, buoyed by increasing demand for high-margin products used in electric cars, autonomous vehicles, industrial devices, premium smartphones and new applications, like virtual reality and artificial intelligence.

“The passive components industry is undergoing a major structural change,” Yageo chairman Peter Chen (陳泰銘) said at the company’s first-ever conference with investors.
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