Wah Lee Industrial

Wah Lee also provides T-con (time controller), driver, and power management ICs for LCD panels from Japanese, Korean, and Taiwanese suppliers. The major drivers of the huge demands of TV, NB, and monitor panels are from the stay-home economics under the pandemic. IC related sales have grown by double digits in 1Q 21. With limited 8-inch wafer fab capacities and the demands from automobile chips, new capacities for LCD driver ICs are still behind the way. With multiple sources of IC supplies, Wah Lee's IC sales will grab the first hand opportunities and help push the sales growth up to another level. Wah Lee has diversified distribution networks in the region. The company has seen rapid growth of its Singapore, Thailand, Vietnam, and Indonesia subsidiaries in the semiconductor, automobile, and electronics industries, with double digit growth in the 1st quarter. China market has undergone the trade conflicts and technology challenges. Now the government is pushing 5G and EV and other new technologies forward. Wah Lee Chinese subsidiaries have seen their sales momentum to continue to grow. The 1Q sales has grown by almost 40%.