NEWS

Info-Tek eying new energy vehicle applications as growth engine

Jun 10, 2022

Taiwan-based Info-Tek, a dedicated PCBA (PCB assembly) specialist under Walsin Technology Group, expects new energy vehicle applications to power significantly its business growth in 2022 and beyond.

At a recent meeting with shareholders, company chairman Chiao Yu-heng said 2022 will be a fruitful year for Info-tek as its deepening deployments in EV and industrial control applications will continue to pay off, bolstered by ever-stronger demand for new energy vehicles amid the growing energy conservation and sustainable development trends.

Chiao said the company's production lines in Taiwan and China are running at almost full capacity, focusing on automotive, healthcare and industrial applications, which will see even better sales prospects in 20223.

Info-Tek's audited 2021 revenues surged 53.5% on year to NT$4.513 billion (US$152.57 million), and net profits shot up 140.8% reaching NT$208 million.

Chiao noted the impressive revenue and profit gains mainly resulted from the company's stronger China-bound PCBA shipments in 2021 than 2020 for EV battery management systems, as well as electrical and mechanical control applications.

Though its shipments to China were affected by lockdowns in eastern Chinese cities in April-May, Chiao said he is still confident about its overall sales performance for 2022 as Chinese clients are expected to significantly intensify shipment pull-in momentum starting in the third quarter.

Chiao disclosed the company will kick off commercial production at a new plant in China's Anhui province in July, and the plant will reach full-capacity production by the end of the year, focusing on IoT, smart home and datacenter applications. Its existing plant in China's Suzhou will remain focused on new energy, automotive and industrial applications.

Info-Tek will continue to strengthen deployments in the automotive electronics applications including autonomous driving, connected cars and new energy solutions, and will also upgrade manufacturing technology to improve yield rates and product precision, Chiao concluded.

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