MStar Semiconductor Inc (晨星半導體), an IC design house registered in the Cayman Islands, has filed an application with the Taiwan Stock Exchange Corp (TWSE, 台灣證交所) for a primary listing, the exchange regulator announced on its Web site on Friday.
MStar, which industry analysts have viewed as a likely competitor to local fabless chip designer MediaTek Inc (聯發科), is headquartered in Hsinchu, with a sales office in Taipei City’s Neihu District (內湖). It mainly provides mixed-signal IC solutions for consumer electronics applications.
The TWSE, however, did not specify the number of shares MStar plans to sell in its initial public offering (IPO), or the total amount of funds it aims to raise.
MStar chairman Wayne Liang (梁公偉) said in October last year that the company expected to complete the IPO application process in 12 to 14 months, the Chinese-language Economic Daily News reported at the time.
With a paid-in capital of NT$1.39 billion (US$43.5 million), MStar posted NT$3.26 billion in net profits in the first half of this year, on revenue of NT$16.1 billion. Net profits were NT$4.82 billion last year on revenue of NT$27.71 billion, compared with NT$2.6 billion and revenue of NT$15 billion in 2008, according to the TWSE.
MStar’s IPO application followed similar actions taken by the US-based IC designer Integrated Memory Logic Inc, Gourmet Master Co, which owns cafe and bakery chain 85°C, Cayman Islands-registered bulk shipper Wisdom Marine Lines Co (慧洋海運) and Airtac International Group (亞德客國際集團), a Chinese automation control equipment maker.
Integrated Memory started trading its shares in May. The TWSE said earlier about 50 foreign companies had expressed interest in making a primary listing in Taiwan.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Global semiconductor stocks advanced yesterday, as comments by Nvidia Corp chief executive officer Jensen Huang (黃仁勳) at Davos, Switzerland, helped reinforce investor enthusiasm for artificial intelligence (AI). Samsung Electronics Co gained as much as 5 percent to an all-time high, helping drive South Korea’s benchmark KOSPI above 5,000 for the first time. That came after the Philadelphia Semiconductor Index rose more than 3 percent to a fresh record on Wednesday, with a boost from Nvidia. The gains came amid broad risk-on trade after US President Donald Trump withdrew his threat of tariffs on some European nations over backing for Greenland. Huang further
Nvidia Corp’s GB300 platform is expected to account for 70 to 80 percent of global artificial intelligence (AI) server rack shipments this year, while adoption of its next-generation Vera Rubin 200 platform is to gradually gain momentum after the third quarter of the year, TrendForce Corp (集邦科技) said. Servers based on Nvidia’s GB300 chips entered mass production last quarter and they are expected to become the mainstay models for Taiwanese server manufacturers this year, Trendforce analyst Frank Kung (龔明德) said in an interview. This year is expected to be a breakout year for AI servers based on a variety of chips, as
HSBC Bank Taiwan Ltd (匯豐台灣商銀) and the Taiwan High Prosecutors Office recently signed a memorandum of understanding (MOU) to enhance cooperation on the suspicious transaction analysis mechanism. This landmark agreement makes HSBC the first foreign bank in Taiwan to establish such a partnership with the High Prosecutors Office, underscoring its commitment to active anti-fraud initiatives, financial inclusion, and the “Treating Customers Fairly” principle. Through this deep public-private collaboration, both parties aim to co-create a secure financial ecosystem via early warning detection and precise fraud prevention technologies. At the signing ceremony, HSBC Taiwan CEO and head of banking Adam Chen (陳志堅)
RSS