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Friday, Mar 29, 2024

Diodes Profits Up in 3Q

Better than expected sales in the consumer electronic industry led to a net profit of $12.8 million in the third quarter for semiconductor manufacturer Diodes Inc. The Westlake Village-based company also reported market share gains in all regions, and an all-time high market share in Asia. The company had a net profit of $12.8 million, or $0.45 per diluted share, on revenues of $92.6 million for the quarter ending Sept. 30. That is an increase over the net profit of $8.3 million, or $0.34 per diluted share, on revenues of $54 million for the same period in 2005. Diodes provides discrete and analog semiconductor products to the communications, computing, industrial, consumer electronics, and automotive markets. The company had 37 percent of its total sales in consumer electronics, with 35 percent in computers. In October, the company acquired APD Semiconductor, a privately held semiconductor company based in Redwood City, Calif. The acquisition gives Diodes access to advanced technologies in the discrete semiconductor market and allows the company to offer another superior product line in respect to both cost and performance, said President and CEO Keh-Shew Lu, in a statement released Wednesday.

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