RichWave Sees Strong Growth in Wi-Fi 7 Shipments
RF front-end chipmaker RichWave has reported solid financial results for the third quarter, driven by strong Wi-Fi 7 product shipments.
The company posted revenue of NT$986 million (approximately US$32.2 million) in the third quarter, a 1.2% increase from the previous quarter and an 8% rise compared to the same period last year.
Gross margin expanded to 38%, up 3pp sequentially and 7pp year-over-year, citing strong Wi-Fi 7 product shipments as a key factor behind an improved product mix and margin recovery.
Author's summary: RichWave's revenue grows due to Wi-Fi 7 shipments.