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Diodes Incorporated (DIOD) reported its financial results for the first quarter of fiscal 2024, showing a decline in revenue and profit margins compared to the previous quarters. The company experienced lower demand in consumer, computing, and communications markets due to seasonality and inventory adjustments. However, signs of demand improvement were observed towards the end of the quarter, indicating a potential return to seasonal growth in the upcoming quarter. Diodes remains focused on operational efficiency and expects revenue growth in higher-margin automotive and industrial markets to improve gross margins. The company's financial performance was impacted by reduced loading at manufacturing facilities, affecting gross margin, but Diodes anticipates a recovery in the coming quarters.
Diodes Incorporated (Nasdaq: DIOD) introduces a 10Gbps automotive-compliant crossbar switch, the PI3USB31532Q, enhancing in-car connectivity for rear-seat entertainment systems and smart cockpits. The switch supports USB 3.2 and DisplayPort 2.1 signals, providing flexibility and performance in a compact package.
Diodes Incorporated introduces the PI3WVR14412Q, an automotive-compliant 20Gbps 1:2 video switch for in-cabin infotainment and ADAS applications. It features a space-saving design, high-speed lanes, and low insertion loss. Priced at $1.50 in 3,500-piece quantities, it is qualified for elevated temperatures and wide voltage ranges.