Lelon Electronics has reported that its March 2020 consolidated revenue reached NT$690 million (USD 22.8M) soaring 83% month-over-month and up 6.48% year-over-year.
Lelon attributed the growth in March revenue to the low capacity utilization in early February due to the coronavirus outbreak. With production capacity gradually returning to normal levels beginning mid-February, the company was able to process delayed shipments in March. Furthermore, thanks to growing demand arising from 5G base stations, servers and healthcare applications, Lelon's products are in tight supply. Customer orders are lining up till late second quarter. The company expects this to fuel its revenue growth going forward.
Investments in telecommunication infrastructure have become top priority as businesses and individuals demand higher bandwidth to cope with lockdowns and rapidly growing needs in stay-home economy, work-from-home, online learning and conference calls. For example, China is picking up the pace for its 5G base station deployment and thus has massive demand for 5G equipment. Having engaged in the telecom market for years, Lelon has become a strategic partner with major telecom equipment suppliers and is poised to capture burgeoning 5G opportunities.
Having engaged in the telecom market for years, Lelon is poised to capture burgeoning 5G opportunities
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