Fitipower Integrated Technology Inc
TWSE:4961
Fitipower Integrated Technology Inc
Fitipower Integrated Technology Inc. is a Taiwan-based company principally involved in the research, development, manufacture and sales of integrated circuits (ICs). The Company operates through two main segments. The Monitor Driver IC segment is mainly engaged in the manufacture and sales of electrophoretic display driver ICs, thin film transistor liquid crystal display driver ICs and thin film transistor liquid crystal display timing controller ICs. The Power Management IC segment is primarily involved in the manufacture and sales of switching regulator ICs, linear regulator ICs, power management units, light emitting diode (LED) driver ICs and motor driver ICs. The Company distributes its products both in domestic markets and to overseas markets.
Fitipower Integrated Technology Inc. is a Taiwan-based company principally involved in the research, development, manufacture and sales of integrated circuits (ICs). The Company operates through two main segments. The Monitor Driver IC segment is mainly engaged in the manufacture and sales of electrophoretic display driver ICs, thin film transistor liquid crystal display driver ICs and thin film transistor liquid crystal display timing controller ICs. The Power Management IC segment is primarily involved in the manufacture and sales of switching regulator ICs, linear regulator ICs, power management units, light emitting diode (LED) driver ICs and motor driver ICs. The Company distributes its products both in domestic markets and to overseas markets.
Revenue Decline: Q4 revenue dropped 11.18% quarter-over-quarter to TWD 3,767 million, and was down 8.78% year-on-year, hitting a five-quarter low.
Margin Improvement: Despite revenue softness, gross, operating, and net income margins all improved both sequentially and year-on-year, driven by better product mix and new product launches.
EPS Recovery: Q4 EPS rose to TWD 4.43, up from TWD 3.98 in Q3 and TWD 1.87 a year earlier.
Inventory Healthy: Inventory days remained low and stable; management says industry inventory is now healthy.
Mixed Product Trends: Mobile IC segment saw strong YoY growth (+48.76%), offsetting weakness in large-sized driver ICs and Power Management ICs.
2024 Outlook: Management expects revenue to improve in 2024 as inventory digestion ends, but cautions that macroeconomic and geopolitical risks remain.
ESL and New Products: Growth expected from new ESL, AMOLED, and AI edge computing products, with several new launches and mass production ramping in 2024.
