PETALING JAYA, MALAYSIA – In the first quarter, ViTrox revenue and core profit rose 44% and 46% year-over-year, respectively, resulting in the company recording its highest ever first-quarter sales.

This was driven by strong demand for machine vision systems products in China and Taiwan, which grew 117% year-over-year.

Vitrox is likely to see its sales performance improve on a quarterly basis, backed by robust demand from its MVS systems segment.

The global shortage of semiconductor components is expected to extend into 2022, while higher sales are seen in relation to the automotive, consumer, computing and 5G devices.

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