Synnex's (2347) reported a 12% decrease in revenue for the first quarter, reaching NT$88.6 billion, due to a sharp slowdown in market demand for consumer products. The IT Consumer business declined by 29% compared to last year's historical high, while the Telecom business dropped by 12%. On the other hand, the IT Commercial and Semiconductor business remained relatively stable, with the IT Commercial business achieving new highs for nine consecutive quarters.

Due to the subdued atmosphere in the terminal market and low consumer confidence, Synnex's IT Consumer business saw a significant decline of 29% in the first quarter. Among them, storage devices such as hard drives and SSDs were heavily impacted by the dual effects of weak demand and a significant price decline, resulting in a 50% drop from the same period last year. CPUs also saw a nearly 50% year-on-year decline, mainly due to a large project in the same period last year that boosted the base period. Additionally, consumer PCs dropped by nearly 30%. The Telecom business also experienced a 12% year-on-year decline due to continued weak demand for mobile phones.

The IT Commercial continued to grow steadily, reaching a new high in the same period in the first quarter, breaking the record for the ninth consecutive quarter, and revenue contribution remaining above 30%. Various products, including servers, storage systems, network/security, and cloud services, all reached new highs simultaneously; only commercial PCs decreased by about 20%. The Semiconductor business's management service platform (MSP), which is being actively promoted, continues to show benefits, with first-quarter revenue remaining above NT$30 billion, only a slight decrease of 3% from last year, outperforming its peers.