DB HiTek said in a filing on the 6th that, on a consolidation basis, preliminary first-quarter revenue came to 374.6 billion won and operating profit to 63.7 billion won. Compared with a year earlier, revenue rose 26% and operating profit increased 21%. The operating margin for the first quarter was 17%.
DB HiTek said continued strong demand for power semiconductors positively affected results. It said performance grew as the share of high value-added products in the industrial and automotive sectors increased.
A DB HiTek official said, "We plan to strengthen our product portfolio centered on power semiconductors and focus our capabilities on expanding our overseas customer base and developing and mass-producing next-generation power semiconductors to maintain steady growth."
DB HiTek is a system semiconductor foundry (contract chip manufacturing) corporations centered on power semiconductors. It works with about 400 customers in the global market. It focuses on power semiconductor processes such as high-voltage BCD (Bipolar-CMOS-DMOS) and is expanding its business into next-generation processes including silicon carbide (SiC) and gallium nitride (GaN). Recently, it has been concentrating on securing competitiveness in new high-growth areas such as artificial intelligence (AI), data centers, and electric vehicles.