HY Electronic eyes car diodes as new growth driver for 2H18

Taiwan power discrete component supplier HY Electronic (HYE) has seen clear order visibility for the second half of 2018, as its automotive diodes have passed verifications by Germany automaker Mercedes-Benz and China electric cars charging stations, according to industry sources. This, coupled with positive effect of price hikes beginning to surface, will enable the company to score higher profits in the second half than the first half.