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Yageo's Revenue Rises 39% in June on High AI Demand

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Yageo (TPE:2327) reported June consolidated revenue of NT$15.4 billion, surging 39% from a year earlier, according to a Wednesday Taiwan Exchange filing.

Shares gained about 2% in Thursday's midday trade.

The figure was up 2% from a month earlier.

Second-quarter revenue reached a record NT$44.5 billion, up 36% year-on-year. Meanwhile, first-half revenue rose 29% annually to NT$82.6 billion.

The electronic component manufacturer said growth was driven by strong demand for AI-related applications.

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