Nanmao's Q1 Profit Hits 10-Quarter High, Benefiting from AI Data Center Demand
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Nanmao, a panel driver IC and memory packaging and testing company, reported a net profit of NT$505 million in the first quarter of 2024, a 1% increase quarter-on-quarter and the highest in 10 quarters. The company anticipates stronger performance in the second half of the year, driven by demand from AI cloud and data center applications, as well as edge AI devices.