Sales of SSD products by Lite-On Technology in the first quarter of 2017 are expected to be affected by a tight supply of memory products, according to a Chinese-language Economic Daily News (EDN) report, citing company CEO Warrant Chen.
Increasing memory capacity in smartphones and the establishment of data centers have contributed to a tight supply of memory products, Chen noted, noting that Lite-On's SSDs are mainly for cloud and datacenter applications.
Lite-On will ramp up shipments of other product lines, including LED devices, LED lighting products, and high-end camera modules, to make up shortfalls caused by decreased sales of SSD products, Chen indicated.
Shipments of non-PC products will account for 60% of Lite-On total shipments in 2017, Chen said.
The company's stock price slid NT$0.60 to close at NT$47.80 on the Taiwan Stock Exchange (TSE) during the January 19 session.
