Data I/O Expects Double-Digit Bookings Growth In 2024, Consistent With Long-term Double-Digit Semiconductor Growth Rate In Automotive Electronics Industry And Reflecting Benefits From Increasing Installed Base Of Systems
Portfolio Pulse from Benzinga Newsdesk
Data I/O anticipates double-digit bookings growth in 2024, aligning with the long-term double-digit growth rate in the automotive electronics sector of the semiconductor industry. This growth is expected to stem from an increasing installed base of systems.
February 22, 2024 | 9:49 pm
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Data I/O expects double-digit bookings growth in 2024, driven by the automotive electronics sector's growth and an increasing installed base of systems.
Data I/O's anticipated double-digit bookings growth in 2024 is a positive signal for investors, reflecting the company's alignment with the growing automotive electronics sector and its expanding system installations. This growth is likely to positively impact DAIO's stock price in the short term as it indicates strong business performance and potential revenue increases.
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