Mediatek Inc (聯發科), Taiwan's largest chip designer, posted its biggest two-day gain in more than two years in Taipei trading after larger rival Broadcom Corp forecast revenue for the current quarter that beat some analyst's estimates.
Mediatek added 5.5 percent to NT$334 at the close of trade, taking its two-day increase to 13 percent, the largest since Aug. 4, 2005. The TAIEX slid 3.3 percent.
Broadcom, the world's second-largest chip designer, forecast last Thursday that revenue for the current quarter will gain to as much as US$1.01 billion, compared with the US$993 million average of 21 analysts' estimates compiled by Bloomberg.
Hsinchu-based Mediatek will also benefit from rising sales of mobile phones in China, the world's biggest market by users.
Mediatek may win orders because of increased sales of so-called white-label handsets in China, the United Daily News saidd yesterday, without citing anyone.
The company is a main supplier of chips for white-label phones, which are sold under little-known brand names in China and will account for up to 25 percent of the global market, the paper said, without giving further details.
Mediatek's shares have fallen 21 percent this year, lagging behind a 12 percent decline in the TAIEX.
China added 86.2 million mobile-phone users last year for a total of 547.3 million, the Ministry of Information Industry in Beijing said.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”