Nuvoton Technology Corporation (TSE: 4919) held a virtual investor conference today (May 8th) to announce 1Q’23 operating results and future outlook. The consolidated revenue in 1Q’23 was around NT$ 8.956 billion, net income after tax in 1Q’23 was around NT$ 672 million and earnings per share after tax was NT$ 1.6.
Nuvoton’s main products achieved solid results in the target areas in 1Q’23. With respect to “Automotive and Industrial” sector, we achieved significant progress through mass production of BM-IC to a China Tier-1 BMS customer, as well as the new motor control MCU based on Cortex®-M4 cores for electronic bicycle application in Japan. We also secured a design-in of low power consumption TOF sensor for AMR obstacle avoidance to a new customer in China. In the “Communication” sector, we had design-wins of CSP MOSFET to new model smartphones and new applications, including hearing aid and AR Glasses. Additionally, we successfully made designing in the inverter MCU for new models of washing machine and air-conditioner, as well as heat pump to new customers were our achievements in the consumer sector. Regarding the “Computer” sector, our USB4 re-timer was approved for the AVL (Approved Vendor List) of the PC platform and we released an Arm Cortex-M23 based MCU integrated Gaming Lighting Control, I3C and SPD Hub function, which can be applied to Gaming MB, Gaming DDR5 DIMM and Gaming VGA Card.
Looking ahead, despite continuous inventory adjustment resulting from global economic uncertainties and weaker-than-expected end market demand recovery, we will maintain our investment of sufficient R&D and to build long-term partnerships with our customers to sustain our competitive edge in targeted markets.
* Note: Nuvoton is a registered trademark of Nuvoton Technology Corporation (Nuvoton Technology Corp.), rights and other trademarks and other writings referred to herein, are the property of their original owners.
About Nuvoton
Nuvoton Technology Corporation (Nuvoton) was founded to bring innovative semiconductor solutions to the market. Nuvoton was spun-off as a Winbond Electronics affiliate in July 2008 and went public in September 2010 on the Taiwan Stock Exchange (TWSE). Nuvoton focuses on the developments of microcontroller, microprocessor, smart home, cloud security, battery monitoring, component, visual sensing and IoT with security ICs and has strong market share in Industrial, Automotive, Communication, Consumer and Computer markets. Nuvoton owns 6-inch wafer fabs equipped with diversified processing technologies to provide professional wafer foundry services. Nuvoton provides products with a high performance/cost ratio for its customers by leveraging flexible technology, advanced design capability, and integration of digital and analog technologies. Nuvoton values long term relationships with its partners and customers and is dedicated to continuous innovation of its products, processes, and services. Nuvoton has established subsidiaries in the USA, China, Israel, India, Singapore, Korea and Japan to strengthen regional customer support and global management. For more information, please visit http://www.nuvoton.com
Spokesperson:
Hsiu-Fen Lai Vice President
Email: HFLai@nuvoton.com
Tel: +886-3-5770066 ext. 32013
News Contact:
Hao C. Huang
Email: CHHuang23@nuvoton.com
Tel: +886-3-5770066 ext.22017
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