Taiwanese suppliers benefit from Switch 2 demand

The new Nintendo Switch 2 is experiencing high demand, potentially leading to increased sales projections for the year. This surge in demand is expected to benefit Taiwanese suppliers like PixArt Imaging and Genesis Technology. PixArt Imaging, a supplier of sensor chips for the Switch 1 and 2, anticipates a 64% growth in gaming console revenue this year. Genesis Technology, a major supplier of USB ICs for the new console, reported strong first-quarter results, with revenue up 65.4% year-over-year. Nintendo initially projected 15 million Switch 2 sales for the year. While PixArt also benefits from strong mouse sales, Genesis is poised to gain from the Switch 2's success.