SemiLux (Nasdaq: SELX), one of global leaders in AI technology, announced that its subsidiary, Taiwan Color Optics, Inc. (TCO), achieved record-breaking revenue in July 2024. According to the company’s financial report, revenue from AI-related applications surged by 940% compared to the previous month and an astonishing 1122% year-over-year. SemiLux (Nasdaq: SELX) has also been performing impressively on Nasdaq, with its stock price rebounding sharply from $1.10 to $1.795 (as of August 15).
TCO is a leading enterprise specializing in the research and development of artificial intelligence (AI) technologies and applications, providing innovative technological solutions across various industries worldwide. As a subsidiary of SemiLux (Nasdaq: SELX), a global supplier of semiconductors and AI technology, TCO excels in AI hardware, software solutions, and services, demonstrating exceptional technical strength and market performance.
TCO stated that, with the growing global demand for AI technology, the company has rapidly solidified its position in the international market through its leading technology and application capabilities. Key areas of expertise include autonomous drone flight, smart rail transport systems, medical and long-term care systems, and AI hardware and software solutions. These technologies have not only driven the company’s business growth but also played a crucial role in enhancing efficiency and innovation across various industries.
The company is committed to continuously advancing the innovation and application of AI technology and expanding its market presence. TCO emphasized that their mission is to lead the development of AI technology through continuous innovation and breakthroughs, helping global enterprises enhance competitiveness and create a smarter, better future. They also highlighted that as the application range of AI technology continues to expand, AI server applications are expected to become a significant growth driver in the coming months, with the company anticipating continued robust growth.