Intelligo Technology Inc (意騰科技), which specializes in deep neural network algorithms used in voice identification, yesterday said that net profit this year would grow significantly from last year, driven mainly by rising demand for chips used in Nintendo Co’s new game consoles.
Intelligo Technology helps Nintendo customize application-specific ICs (ASICs) enabling a new function, called GameChat, which allows a group of up to 12 people to chat while playing games on Switch 2.
“The ASIC product designed for game consoles will be one of major growth drivers this year for Intelligo Technology,” company chairman J.J. Yen (顏志展) told a media briefing in Taipei yesterday.
Photo: Vanessa Cho, Taipei Times
That would help boost the company’s ASIC revenue share to make up half of overall sales this year, Yen said.
Last year, ASICs accounted for 40 percent of the company’s revenue, with intellectual property licensing making up the remaining 60 percent.
The company posted revenue of NT$858.73 million (US$28.95 million) last year. Its products are used in true wireless stereo earbuds, headphones, computers and hearing aids.
Intelligo Technology has landed a deal from a first-tier notebook computer vendor based in North America to provide artificial intelligence (AI) chips enabling voice recognition, noise-canceling or background noise elimination features, Yen said.
Similar applications are also gaining traction on mobile phones this year, he said.
“With those three driving forces, we believe the company’s net profit this year will exceed [that of] last year,” Yen said.
Intelligo Technology generated earnings per share of NT$7 last year and N$2.57 for the first quarter of this year.
The company said it is expanding its business scope to new areas, including automobiles and smart glasses. Intelligo Technology is teaming up with chip designer MediaTek Inc (聯發科) to tap into the smart cockpit market, after the two companies in January announced a collaboration to deliver AI voice solutions for the automotive, smart home and smart retail markets.
MediaTek holds a 15.75 percent stake in Intelligo Technology through a subsidiary.
Intelligo Technology said it is also working on several projects with automotive customers from Japan and Europe to test those solutions.
The company is to debut today on Taiwan Stock Exchange at NT$130 per share.
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