Dec 162013
 
Revenue-Growth

Revenue-Growth

IC distributor Alltek Technology has reported revenues of NT$1.89 billion (US$63.84 million) for November, up 17.9% sequentially and 27.5% on year, buoyed by increased sales of wireless network chips from Broadcom and power management (PWM) ICs from iWatt.

Alltek enhanced its product portfolio by adding iWatt’s PMW ICs into its offerings in the first half of 2013, targeting the LED lighting, LED TV backlight and mobile power source segments.

Alltek has also seen its gross margin maintain at over 5% for four consecutive quarters through the third quarter of 2013, in which gross margin stood at 5.35%, according to company data.

For the first 11 months of 2013, Alltek saw its revenues soar 12.2% to NT$17.64 billion, with Broadcom’s devices contributing to over 50% of total sales. Alltek also distributes memory devices from Micron Technology.

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