In April 2025, we announced our plan to become a pure-play power company by exiting the Display business by the end of the second quarter. This strategic shift—focused exclusively on our Power business, which includes Power discrete and Power IC product business lines—is intended to drive profitable revenue growth, return the Company to profitability, and enhance shareholder value. This decision builds on the established role of the Power business, which was already our primary revenue contributor in FY2024.
We share our customers’ commitment to longer-lived products that are more energy efficient and consume less power—an objective that continues to drive strong demand for our solutions. This demand is further supported by global regulatory reforms and policy initiatives, including renewable energy mandates, emissions reduction targets, and energy efficiency standards, all of which incentivize customers to lower their environmental footprint.
Our broad portfolio of Power business is well-aligned with this industry-wide transition toward sustainability. Engineered for superior heat dissipation and reduced energy consumption, our solutions improve system stability while maintaining performance and cost-efficiency—delivering tangible benefits for both customers and the environment.
In FY2024, more than 80% of our revenue was generated by Power Analog Solutions (now the Power discrete business) and the Power IC business. While demand in our industry is inherently cyclical, the structural trend toward energy efficiency remains a key driver of long-term growth. We continue to invest in new product development with a focus on improved energy efficiency, setting annual revenue targets to ensure innovation aligns with customer priorities. We also see new opportunities within end markets positively exposed to the energy transition such as solar, on-board chargers, energy storage systems, and both hybrid and battery electric vehicles.
