Fitipower said revenue grew quarter-over-quarter in the first quarter of 2026, driven by electronic shelf labels (ESL), EPD, and other chip products such as T-Con, and the Taiwan DDI maker plans to raise prices on selected items as it prepares for further growth in the second quarter of 2026. The company is expanding across applications, products, and regions while developing new offerings to strengthen competitiveness amid global market uncertainty.
Fitipower posted a first-quarter 2026 revenue of NT$4.501 billion (approx. US$143.2 million), up 12.98% quarter-over-quarter and down 3.43% year-over-year. Gross margin came in at 27.8%, up 0.04pp quarter-over-quarter but down 1.51pp year-over-year, while operating profit rose 230.35% quarter-over-quarter to NT$295 million, though it fell 39.66% year-over-year.
On application trends, the company said large- and medium-sized DDI sales in the first quarter were mainly lifted by mass production of new automotive and industrial control products. Looking ahead, demand from existing customers appears relatively weak, making expansion into new customers the key growth driver.
In power management ICs, fast-charging battery-related products, HVBUCK, and display PMICs were the strongest lines. Fitipower said it will continue expanding this business into emerging markets and non-consumer applications, especially industrial control.
For mobile device DDI, conventional DDI products and tablet DDI (TDDI) demand were the strongest. The most important growth driver after 2026 will be OLED-related chips, the company said. In other semiconductor products, ESL, EPD, and T-Con are seeing the strongest demand, while edge AI chip growth will become steadier this year as the company moves toward higher-end products and develops more niche offerings to diversify risk.
Chairman Young Lin said initial indications point to second-quarter 2026 growth from the first quarter, and the company will raise prices for customers on certain products depending on market conditions. He added that revenue in the second half is expected to be better than in the first half. He also noted that any solution that can reduce memory usage is currently in high demand, and related new products will roll out gradually.
As for upcoming launches, Fitipower said its display IC innovation roadmap includes next-generation high-refresh-rate display and TV driver ICs, while advanced notebook solutions are scheduled for release in the second quarter and third quarter. In power ICs, new fast-charging and multi-port charger ICs are expected to drive significant sales growth, especially in China.
On mobile ICs, the company will launch an OLED TDDI IC with built-in RAM and expand it into non-consumer markets. In other semiconductor products, new EDP and T-Con offerings will target notebooks, digital signage, and smart home applications.
On AI and edge computing, Fitipower is currently focusing on AI toys and smart furniture. Its next-generation AIoT chip will move to a more advanced process and target robotics and drones, among other areas.
Article translated by Charlene Chen and edited by Jack Wu
