ELAN Microelectronics : Monthly Sales Report for April 2024

Issue on: 2024/05/03

ELAN Monthly Sales Report - April 2024

ELAN Microelectronics Corp. (the Company), a leading touch controller solution provider in global NB market, announced its consolidated net sales of NT$ 1,059 million for April 2024, up 0.23% YoY & down 5.23% MoM. The impact of near-term macroeconomic fluctuation in April led to revenue MoM decrease. However, 2Q24 is expected to gradually enter traditional hot season.

Sales for April 2024 --YoY Comparison		Unit: NT$ Thousand
Year	2024	2023		YoY
Net Sales	1,058,727	1,056,261		0.23%
(Consolidated)

The sales breakdown in April 2024: Touchpad Module 51%, Touchscreen Controller 23%, Fingerprint Sensor 10%, Pointstick (PST) 9%, Microcontroller 4%, and 3% from the sales of affiliates. Touch applications, including biometric applications, accounted for 84% and non-touch applications accounted for 16%.

Until 1Q24, the NB market has experienced more than one year of destocking, and it is obvious that the inventory issue is gradually no longer the main factor of market disturbance. The NB industry returning to not only normal seasonal purchasing but also normal inventory level will help brand NB clients actively prepare goods for requests in 2024.

In the NB market in 2024, general market research institutions view the market positively as a growth trend. We analyze the information from supply chain, AI PC is expected to come in 4Q24 or 1H25 at the earliest and contribute a significant growth. At the same time, integrating AI-functional hardware chips and software into NB will change the long-standing traditional ecology of the NB market to improve the individuals' or enterprises' productivity demands which are the focuses of the NB industry chain in 2024.

ELAN will continue to focus on "content value increase", through existing AI technology to

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integrate AI functions, algorithms and data to provide better total solutions, which will raise our chips or modules prices to drive up the operating efficiency.

Contacts：
■	Spokesperson： Dennis Liu	E-mail: [e-mail]
■	IR Contact：	Emily Chiang	E-mail: [e-mail]
		Zoe Hsieh	E-mail: [e-mail]

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