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GigaDevice Enhances Performance with New Products and Markets

GigaDevice Enhances Performance with New Products and Markets

GigaDevice (3046) held its shareholder meeting on the 27th, successfully passing a dividend distribution plan that allocates a cash dividend of NT$2.7 per share, amounting to a payout ratio of 70.5%, based on last year's earnings per share (EPS) of NT$3.83.

Despite the uncertain international market conditions, Chairman Jian Huixiang and CEO Wang Boxiu expressed a cautious outlook for the current year but emphasized continued efforts to develop new products and expand into new markets, enhancing strategic partnerships with distributors, to maintain steady growth in company performance.

In the first quarter, GigaDevice reported revenue and profit growth of approximately 13% to 14% year-on-year. The company is focusing on industrial computer applications and is investing in the development of fanless lightweight multimedia players and high-performance industrial computers powered by NVIDIA's chips. These products have been successfully introduced into a variety of global applications, including interactive digital retail, smart transportation, factory automation, medical imaging analysis, and urban public facilities.

Currently, GigaDevice's business in the Asia-Pacific and emerging markets accounts for over 90% of its revenue, while the Americas, including the US, contribute less than 3%. Despite the majority of GigaDevice's production capacity being concentrated in China, the impact of US tariff policies is expected to be limited. However, the company will maintain a prudent approach and flexibly adjust its strategies to support stable growth in performance and operations.