PANJIT Aims for $1B Annual Revenue, Deepening Focus on AI and Robotics
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AI Summary (NQ-processed)
On May 20th, at its 40th-anniversary event, Frank Fang, President of power semiconductor manufacturer PANJIT Group, announced the company's goals to achieve US$1 billion in annual revenue, a market capitalization of NT$100 billion, and become a key global supplier. The company is actively expanding into applications for artificial intelligence (AI) and robotics. The revenue share from AI applications is expected to increase from 7-8% last year to 10-15% this year.