Mitac optimistic about 2022

Mitac Holdings is optimistic about its business next year, thanks to solid server orders and improving demand for automotive and industrial tablets.

Mitac expects its revenue to grow by about 10% year-on-year in 2022, said company chairman Billy Ho, who also noted that the company’s 2021 revenue will be offset by component shortages, port congestion Due to which the growth has not increased as expected. and China’s power limits.

Michael Lin, president of Mitech Computing Technology, the cloud server subsidiary of the Mitech Group, also pointed out that server demand was strong in the first half of 2021, with related shipments reaching record levels. However, delivery began to decline in the third quarter due to worsening component shortages, which have shown no sign of major improvement so far.

While the company still expects sales to meet its annual targets for 2021, Lin said, the component shortage is unlikely to end anytime soon and power management ICs (PMICs) are currently at their worst. Huh. As of now, Mitac Computing Technology is only able to fulfill about 80% of its orders due to the problem.

Despite the supply-side problem, Mitec Computing Technology’s server orders from enterprise and data center customers remain strong through 2022, with the two groups of customers each contributing half of the volume.

For the O-RAN server product line, Mitac Computing Technology began shipping samples to its customers in early 2021 and expects to generate significant revenue from their shipments over the next 2-3 years.

The company’s chairman, Lae-Chun Chang, said Mitech Digital Technology, which focuses on industrial tablets and IoT devices, will launch more products that integrate rear-view mirrors with dashcams as demand for such devices remains stable. happened.

The company has also received orders from several automotive tablet projects and will see revenue growth in both 2022 and 2023. The company’s ordering tablets are also seeing increasing orders from restaurants in Japan with related visibility reaching 2023, Chang said.

Chang said the company’s smart streetlight business saw significant revenue growth in 2021 and the momentum is expected to continue through 2022.