Most passive component makers posted revenue gains in January thanks to increasing demand and advanced deliveries to clients before the Chinese New Year holidays, according to industry sources.

Yageo has reported revenues of NT$2.29 billion (US$78.37 million) for January, up 19.9% on month and 9% on year. Yageo attributed the revenue growth to steady demand from all sectors of its clients.

Sales to Asia Pacific and the Greater China area grew 55% and 21.7%, respectively, while those to Europe increased 10.2%. However, shipments to the North American market declined slightly due to inventory adjustments at clients, said Yageo.

Chilisin Electronics, a subsidiary of Yageo, posted revenues of NT$250 million for January, increasing 13% from the previous month, due to a pick-up in demand from the LCD TV, notebook, set-top box (STB), Wi-Fi and digital home device sectors.

Peer company Walsin Technology Corporation (WTC) saw its revenues edge up 0.7% sequentially to NT$1.29 billion in January, as clients in the smartphone, notebook/tablet and memory segments took deliveries prior the Chinese New Year holidays, the company noted.