Ennoconn Corp posts record sales on AI demand

Ennoconn Corp posts record sales on AI demand

Industrial computer maker Ennoconn Corp (樺漢) yesterday posted record sales for last month and the second quarter as demand for physical artificial intelligence (AI) applications continued to accelerate.

Ennoconn’s revenue last month rose 57 percent year-on-year to NT$17.66 billion (US$551.4 million), while second-quarter revenue grew 37.8 percent to NT$47.8 billion, the company said in a news release.

The company’s products are used in POS machines, banking automation, kiosks, lottery and industrial automation systems.

The Ennoconn Corp logo is pictured at the company’s headquarters in New Taipei City in an undated photograph.

Last month, the industrial Internet of Things (IoT) business posted double-digit revenue growth, driven by robust demand for physical AI applications such as smart retail, while the intelligent software and solutions business also returned to growth, it said.

The smart factory and facility management business posted triple-digit growth, supported by semiconductor fab projects in North America that boosted demand for integrated and automated supply systems, the company said.

Ennoconn said it has more than NT$215 billion in orders across its industrial IoT, intelligent software and solutions, and smart factory and facility management businesses.

Second-quarter profitability is expected to improve from a year earlier, with first-half earnings also likely to post strong growth, driven by an optimized product mix and improved operating efficiency, an Ennoconn official told the Taipei Times in a telephone interview yesterday.

The company remains cautiously optimistic about its performance in the second half of the year, with growth expected to be driven by demand for AI infrastructure and the continued rollout of physical AI applications, said the official, who declined to be named.

Ennoconn said it has built a value chain spanning AI infrastructure, edge AI and physical AI solutions.

The company said it expects to benefit from the long-term expansion of the physical AI and industrial AI markets while continuing to improve its revenue mix and profitability.