Chip resistor maker Ever Ohms looks to automotive for growth
Ever Ohms debuts on TWSE. Credit: Ever Ohms
Chip resistor supplier Ever Ohms Technology, which debuted on the main board of the Taiwan Stock Exchange (TWSE) on Sept. 1, said sales generated by the automotive segment will drive its revenue growth in the coming months. coming years.
Backed by continued investment, the company has introduced more production equipment in 2022, which will help significantly increase its capacity from 2023. The company’s core products include thick film chip resistors, thin film and metal band.
According to company sources, its monthly output of thin-film chip resistors will reach 300 million units in 2023 from 250 million currently, while production of metal strip chip resistors will increase to 48-50 million units. ‘units.
The company’s chairman, Chen-yi Liao, previously revealed that the revenue ratio for automotive applications will reach over 20% by the end of 2022, from 18% currently.
Taiwan-based electric motorcycle maker Gogoro and China-based electric vehicle supplier BYD are said to be the top two customers for Ever Ohms’ automotive app shipments, with the latter’s orders alone likely accounting for 8-9% of its sales in 2022.
The company reported net profit of NT$104 million (US$3.536 million) on revenue of NT$652 million for the first half of 2022. Gross margin for the first half was 27.29 %.
At the same time, the company is evaluating the feasibility of setting up factories abroad as part of a medium-term development strategy.