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Fadu posts 7.7 billion won Q1 operating profit, returns to profit

Fadu, a fabless semiconductor company specialising in data centre chips, reported preliminary first-quarter revenue of 59.5 billion won and operating profit of 7.7 billion won, it said on April 27. Revenue rose 210 percent from a year earlier and the company swung to an operating profit from a loss. Net profit came to 10.2 billion won, also returning to profit. Fadu cited a higher share of controller sales and rising AI data centre demand.