May 2026
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Largest IoT Public Companies in Taiwan
Benchmark revenue and EBITDA valuation multiples for public comps like
Lite-On Technology, Advantech, WNC, Arcadyan Technology and Sercomm.
 | Lite-On Technology Corp is a computer storage device company that manufactures consumer electronics. The main businesses include Research and development design, manufacturing and sales of key modules and system solutions for optoelectronics, cloud computing power management systems, EV chargers, energy management, LED packaging for lighting applications, IoT and networking applications, information technology, and consumer electronics. | $7 | +112% | $16B | $15B | 2.8x | 18.5x | ||
| Advantech is the world’s largest supplier of industrial personal computers and a leading provider of embedded boards. The company serves a wide spectrum of downstream sectors, including manufacturing, retail, healthcare, transportation, and energy and environment. Headquartered in Taiwan, Advantech operates manufacturing facilities in Taiwan, mainland China, and Japan. | IoT+3 | $16 | +54% | $14B | $14B | 6.0x | 30.7x | |
| WNC Corp is engaged in designing, development, and manufacturing of cutting-edge communications products. The company provides comprehensive technical support in RF antenna design, software design, hardware design, mechanical design, system integration, user interface development, and product testing & certification. | $10 | +156% | $5B | $5B | 1.3x | 19.2x | ||
| Arcadyan Technology Corp is engaged in the research, development, manufacture, and distribution of wireless local area network products, integrated access devices, digital home multimedia appliances, mobile broadband products, and wireless products. The company's products include digital subscriber line customer premises equipment (DSL CPE), fiber-to-the-x (FTTx) equipment, mobile broadband equipment, set-top boxes, and others. The Group includes only one segment The networking product. Its geographically revenue comes from Vietnam, Taiwan and others. | $6 | -3% | $1B | $919M | 0.5x | 6.4x | ||
| Sercomm Corporation is a provider of broadband networking software. The Company is engaged in research and development, manufacturing, and sales of networking communication software and equipment. Its mainstream products includes FTTx Products, Cable DOCSIS Equipment, Integrated Access Devices (IAD), Small Cells, Smart Home, Mobile IoT, and SMB Products. | IoT+1 | $3 | 0% | $893M | $898M | 0.5x | 9.8x | |
| Intelligo Technology Inc is an AI specialized company. Building upon three core competencies in the area of deep neural network algorithm development, signal processing, and IC designing, it commit to consistently delivering the complete solutions to bring impressive experience to users for human-to-human and human-to-machine communications. Its solutions have been globally adopted by multinational first tier branding companies in devices ranging from PC/Notebooks monitors, to gaming headsets, TWS headsets, speakerphones, smart watches, and smart IoT devices. Its solutions include Voice User Interface, and Speech Enhancement. | IoT+1 | $16 | -24% | $729M | $629M | 12.4x | 28.6x | |
| Gemtek Technology Co Ltd is a provider of wireless broadband solutions. Its product portfolio consists of long-term evolution, digital home, voice over internet protocol, network camera, broadband, wireless networking, the system in package, and ultra-wideband. Its reportable segment is the wireless telecommunication products department. The group operates in the geographical areas of Taiwan, China, Vietnam, United States, and Czech Republic. | $2 | +105% | $722M | $595M | 1.1x | 29.1x | ||
| Gorilla Technology Group Inc is engaged in providing information, software, and data processing services. It is a provider of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology (OT) security solutions and services. Its reportable segments are video IoT and security convergence and Other segments. | $22 | +9% | $603M | $515M | 5.1x | 26.9x | ||
| Microprogram Information Co is a company that provides industrial IoT technology services and is committed to allowing their clients to have a better and sustainable life. They focus on the three major areas of electronic payment, wireless sensing and cloud data. Through user research, vertical integration of software and hardware technologies, terminal sensor devices, mobile apps, cloud service platforms and core technologies of big data analysis, we assist transportation and finance, retail, manufacturing, bicycle and other industries to innovate and upgrade. They assist you from definition of requirements, concept creation, product development, to service optimization, using the advantages of software and hardware integration technology. | $2 | +4% | $134M | $117M | 7.2x | 32.8x | ||
| Median | $7 | +9% | $893M | $898M | 2.8x | 26.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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