Yageo to compensate for revenue drop

SHORT-TERM CORRECTION: The company said that its Chinese customers had been conservative about their business outlook last month, due to the US-China trade spat

Taipei Times
Date: Jan 10, 2019
By: Lisa Wang  /  Staff reporter

Multilayer ceramic capacitor (MLCC) supplier Yageo Corp (國巨) yesterday said it plans to trim its capacity expansion targets for this year after sagging demand drove last month’s revenue down to its weakest level in nine months.

Last month, revenue dropped 15.7 percent to NT$4.53 billion (US$147.07 million) from NT$5.38 billion in November last year, the lowest since March last year.

Yageo said it attributed sluggish demand for passive components used in most consumer electronics to a short-term correction.

Shipments to its customers in America and Europe fell during the holiday season, Yageo said in a company statement, adding that its Chinese customers remained conservative about their business outlook due to the US-China trade dispute.

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