Diodes Inc reveals rise in Q1 profits

e14news — Thu, 07 Oct 2021 09:10:01 GMT

Current Revision posted to Documents by e14news on 10/7/2021 9:10:01 AM
Diodes Inc, a semiconductor components maker, has confirmed that its first-quarter net income rose thanks to higher revenue on market share gains in tablets, notebooks, smartphones and televisions that utilise LEDs.

According to the firm, net income in the three months to March 31 grew 32 per cent to $19.7 million, from $15 million a year ago, ABC News has reported.

Revenue increased 18 per cent to $161.6 million from $136.8 million, the firm confirmed, adding that it expects to see revenue of $170 million to $178 million for the second quarter.

This is above the $168 million expected by analysts.

In other industry news, Fairchild Semiconductor, a leading global supplier of high performance power and mobile products, has announced the appointment of Terry Klebe to the company's board of directors.

He was senior vice president and chief financial officer of Cooper Industries plc from 2002 until announcing his retirement in February 2010.

Posted by Simon Jones